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Day: March 11, 2023

Coinbase reiterates that staking services will continue, despite SEC crackdown

Coinbase reiterates that staking services will continue, despite SEC crackdown

Customers have been reminded by Coinbase that its staking services would remain available and “may actually increase.” Coinbase expressly emphasizes in a new client communication that consumers receive rewards through decentralized protocols rather than the exchange itself. This distinction between protocol rewards and providing services appears to be an attempt to avoid any potential gray area problems that rival exchange Kraken recently encountered. For allegedly failing to register its staking-as-a-service operation with the SEC, Kraken agreed to pay a $30 million settlement. News Sorce

Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October

Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October

On Friday, the values of Litecoin (LTC) and Dogecoin (DOGE), which were also affected by the closure of Silvergate Bank, both hit five-month lows. The price of Dogecoin fell to its lowest level since October 26, when it peaked at $0.0627. In today’s session, Litecoin also sank to a multi-month low, with the token falling as much as 17%. The 14-day RSI has decreased by around 23% in the last week, reaching an eight-month low. In the event that the current attitude persists into the weekend, a floor at $63.00 might be a target for sellers. News Sorce