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Coinbase to Provide Key Infrastructure for Blackrock’s Tokenized Investment Fund
21.3.2024
Coinbase has been chosen as a key infrastructure provider for Blackrock’s newly unveiled tokenized investment fund, the crypto exchange has revealed. “This is the latest progression of our digital assets strategy,” said Blackrock’s head of digital assets. “We are focused...
Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated
21.3.2024
The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market...
Ethereum Foundation Receives Confidential State Inquiry, Removes Warrant Canary Icon From Github Repo
20.3.2024
The Ethereum Foundation has reportedly received a “voluntary enquiry from a state authority,” according to a note added to the group’s Github page. State Actors Have Contacted the Ethereum Foundation; SEC Reportedly Investigating On Wednesday, March 20, 2024, the crypto...
Fantom breaches $1 milestone, Poised for further growth
20.3.2024
FTM, Fantom’s native cryptocurrency, was briefly above the milestone of $1. It was seen exchanging hands at $1.04. While the token has retraced to ~$0.9, there is a possibility that it could rise as high as $1.25 or $1.68 by the end of 2024. The recent high comes against a rounding bottom...
Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge
20.3.2024
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks...
Sam Bankman-Fried’s 50-Year DOJ Sentence ‘Disturbing,’ Lawyers Say
20.3.2024
In a stunning and timely defense, the defense counsel of Sam Bankman-Fried, the founder of FTX, who the DOJ is prosecuting, angrily rejected the DOJ-drafted sentencing memo. The DOJ’s financial findings on Bankman-Fried have been labeled “worrying,” and the unfair portrayal...
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
20.3.2024
The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150...
SEC holds Ethereum ETF approval until May despite staking additions
20.3.2024
The US SEC delayed the approval procedures of Ethereum exchange-traded funds (ETFs), affecting the approaches of investment firms, including Ark Invest, Hashdex, VanEck, and Grayscale, adding a staking component to the applications of the ETH ETF along with Fidelity. Both James Seyffart and Eric...
Is the crypto bull market over? Review of prevalent on-chain data
20.3.2024
The year has been amazing for the crypto market. From the Bitcoin ETF approval to the long crypto slump being over, 2024 has witnessed immense progress. However, now that Bitcoin has dropped to 62,895 dollars from 73,750 dollars, traders are wondering how to proceed. Is the crypto bull market over?...
Ondo Finance marks an uptick in ONDO following the launch of Global Markets
20.3.2024
Ondo Finance has launched Ondo Global Markets to expand tokenized asset offerings. This is a part of the mission to expand across multiple chains, having previously integrated with Solana, Sui, and Aptos blockchains. Members of the community have responded positively to this development, and so...
Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations
20.3.2024
Several supporters have joined Coinbase Inc. in its legal battle against the U.S. SEC to urge the agency to reconsider its stance on crafting specific regulations for the cryptocurrency industry.
The post Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations...
XRP primed for surge against Bitcoin, analysts predict
20.3.2024
Ripple and the US Securities & Exchange Commission are approaching some crucial court dates. While that is posed to mark an uptick in the price of XRP, there are other factors at play as well. For instance, there is speculation that the token may rise against BTC by 15-20%. A tentative timeline...
With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics
20.3.2024
Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp...
Soroban is positioned live on Stellar network’s mainnet
20.3.2024
Soroban, a smart contracts platform on Stellar, has been positioned live on the Stellar network’s mainnet, making it possible to build, position, and interact with Stellar-oriented decentralized applications. This was divulged by the Stellar Development Foundation (SDF), a non-profit organization...
Bitcoin Technical Analysis: Bearish Signals Amid Market Turbulence Put Traders on High Alert
20.3.2024
Bitcoin, with its intraday low and high at $60,760 and $66,382 respectively, and currently trading above the $63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon....
Reddit altcoins that could reach the Moon this week!
20.3.2024
New-age investors are progressively migrating to Reddit-based altcoins in an effort to capitalize on potential profits in the cryptocurrency scene as the crypto market gains more global attention in the aftermath of recent events that have sparked anticipation of Bitcoin’s halving. Three...
BlackRock and Securitize to introduce a special fund
20.3.2024
BLK has generated a BlackRock USD Institutional Digital Liquidity Fund in the British Virgin Islands, which will be released together with Securitize, an asset tokenization company. BlackRock falls under the big-time investment management players, and they have filed their fund documents with...
Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions
20.3.2024
A group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants...
Court Orders Binance to Hand Over ‘Comprehensive’ User Data to Nigerian Authorities
20.3.2024
A Nigerian high court has ordered Binance to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive data relating to all Nigerian traders on its platform. The EFCC alleges it has discovered instances of price discovery, confirmation, and market manipulation on the Binance...
Goldman Sachs Sees More Institutions Diving Into Crypto — Says Bitcoin ETFs Prompt a ‘Psychological Shift’
20.3.2024
Goldman Sachs is seeing more institutions diving into crypto, the global investment bank’s head of digital assets has revealed, noting that until now the bitcoin price action has been driven primarily by retail investors. “But it’s the institutions that we’ve started to see come...