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Institutional Investors and ‘Whales’ Push Bitcoin Demand to New Heights
27.3.2024
Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance...
Peter Brandt: Bitcoin Vying to Replace Fiat Currencies as Primary Store of Value
27.3.2024
Veteran trader and renowned chartist Peter Brandt says bitcoin is “vying to become the Level 1 ‘store-of-value’ standard replacing fiat currencies and government bonds.” He explained that fiat currencies, like the U.S. dollar, “will still be used to buy groceries...
Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’
27.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin...
Coinbase to Shift USDC Accounts to Its Layer Two Blockchain Base
27.3.2024
Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive...
SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says ‘There Is Absolutely No Precedent for This’
27.3.2024
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC...
U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding
26.3.2024
A hawala operator who worked with agents from Hezbollah on cryptocurrency funding infrastructure has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Tawfiq Muhammad Said Al-Law is accused of providing digital wallets to...
Nansen Reports $200 Million Exodus From Kucoin After DOJ Action
26.3.2024
Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of $99 million in Ethereum-based assets and $109 million in outflows from various EVM-compatible...
Is It Too Late to Buy Ondo? ONDO Price Hits Record High as SpongeV2 Eyes Major Exchange Listings
26.3.2024
Flux Protocol and Ondo DAO’s governance token ONDO set a new all-time high (ATH) earlier today, according to data by CoinGecko. In the morning GMT, ONDO rose to a record price of $0.9934, before before pulling back 11% to its current level of $0.8679. ONDO is currently the 95th biggest...
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token
26.3.2024
Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao,...
Beba and Defi Education Fund Sue the SEC Over Its Airdrop Policies
26.3.2024
Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally,...
Bitlayer announces partnership with Polyhedra
26.3.2024
Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More...
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
26.3.2024
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney...
Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025
26.3.2024
The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These advanced rigs are slated for setup within Bitdeer’s...
COTI V2 Airdrop is now live: Grab your share of $8 million now
26.3.2024
COTI, the leading platform in the crypto industry, has just presented its largest token giveaway ever; this indicates a bright era for the platform with all its ardent supporters. The COTI V2 Airdrop Campaign is an extensive campaign holding 40 million $COTI V2 tokens valued at about $8 million...
SEC seeks Ripple with $2B demand, CEO reveals in case update
26.3.2024
The Securities and Exchange Commission (SEC) is one of the entities allegedly supposed to collect a 2 billion dollars sum in fines and penalties against Ripple Labs as described by Stuart Alderoty, Ripple Industries Chief Legal Officer, in his X post; the words were used as a lead in of the recent...
Bybit launches Smart Leverage for no liquidation & more benefits
26.3.2024
Bybit recently launched Smart Leverage to offer trading benefits to users. According to Bybit’s latest post, the product has been designed to facilitate smart trading for amplified gains. The non-principal-protected structured product can help traders navigate market volatility. Smart Leverage...
Ethereum Price Prediction as ETH Spikes Up 6% – New Rally Starting?
26.3.2024
ETH has jumped by 6% today, with the Ethereum price rising to $3,659 as the cryptocurrency market gains by 5.5% in 24 hours.
The post Ethereum Price Prediction as ETH Spikes Up 6% – New Rally Starting? appeared first on Cryptonews
Swift Paves the Way for CBDC Integration in Cross-Border Transactions with Interlinking Solution
26.3.2024
For its central bank digital currency (CBDC) interlinking solution, Swift has made public the outcomes of its second round of industry-wide sandbox testing. The findings indicate that financial institutions can easily integrate CBDCs and other digital tokens into their business practices and...
Paraguay to Strengthen Measures to Fight Illegal Cryptocurrency Mining
26.3.2024
The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, agreed to deal with these crimes swiftly given...
Axie & Ronin’s week: Big launches & major listings
26.3.2024
This week was a series of activities and achievements crucial for Axie Infinity and Ronin, the oracles. This shows how they are developing and adding more features and gears to the system. At the start of the week, Origins Season 8 (S8) Preseason was introduced, which is an approach to the primary...