Cryptocurrency Live News & Updates : Is 'Chokepoint 3.0' Targeting Crypto Banks?
Big banks are allegedly implementing 'Operation Chokepoint 3.0' by imposing high fees on fintech and crypto services, according to a16z's Alex Rampell. Recent discussions in the crypto space highlight significant challenges posed by traditional banks. Alex Rampell from Andreessen Horowitz warns that banks are charging exorbitant fees for accessing account data and transferring funds to crypto platforms, which could stifle competition. This follows the previous 'Chokepoint 2.0' era, where crypto businesses faced debanking pressures. Meanwhile, ONDO is currently testing critical support levels, with a potential bullish reversal if it holds above $0.83. In the corporate finance arena, Michael Saylor's Strategy has launched a Bitcoin-backed preferred stock, STRC, raising $2.5 billion, which he likens to an 'iPhone moment' for the firm. Lastly, Pepeto is emerging as a notable memecoin within Ethereum's ecosystem, combining meme culture with practical tools like zero-fee exchanges. As Chainlink experiences price fluctuations, whale activity suggests potential recovery, with a notable increase in holdings. These developments underscore the dynamic interplay between traditional finance and the evolving crypto landscape. Show more
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Indian Express
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- Indian Express
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The Hindu
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- The Hindu
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