📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $21,481
Bitcoin price has continued to slide into the $21,000s overnight, as the crypto sector’s banking crisis continues to dampen the mood.
Top-20 altcoins have also taken a hit across the board, as Ether drops 2%, BNB also drops 2% and Polkadot is the sole gainer with a 1% rise.
Top Stories for March 9, 2022 🔥
👉 Mt Gox Payee Deadline Postponed By One Month
The payee deadline for Mt. Gox’s rehabilitation plan has been extended to April 6 after court approval. This may be the final extension, with repayments expected to be made between April 6 and Oct. 31.
Mt. Gox was a prominent bitcoin exchange that ceased operations in 2014 after losing a large number of bitcoins. The rehabilitation plan has been a long-awaited event due to its possible impact on the Bitcoin market.
👉 Crypto.com Struggles With Fiat On-Ramps As Banking Partners Fail
Crypto.com has lost access to US dollar deposits due to issues with its banking partners, currently only being able to provide euro-denominated banking services to users in the European Economic Area (EEA).
The exchange’s prior banking partner, Transactive Systems, was ordered to cease dealing with crypto by the Lithuanian Central Bank in January due to “serious infringements” of anti-money laundering laws, while its US-based banking partner, Metropolitan Commercial Bank, also exited the crypto industry in January.
Crypto.com still offers the ability for users to buy crypto via credit card.
👉 SWIFT CBDC Pilot A Success, Moves Onto Next Phase
SWIFT has reported that its pilot test of linking different central bank digital currencies (CBDCs) was a success, involving almost 5,000 transactions between two blockchains and existing fiat payment systems over 12 weeks.
Almost 20 financial institutions worldwide participated in the study, including the Royal Bank of Canada, Banque de France, Société Générale, BNP Paribas, Monetary Authority of Singapore, HSBC, Deutsche Bundesbank, and NatWest.
SWIFT plans to run a second phase of its CBDC sandbox and develop its “CBDC interlinking solution into a beta version for payments with enhanced atomicity.”