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Is Dogecoin the currency of choice for high-rolling gamers?
15.3.2024
Dogecoin, which was originally created specifically with the intent and purport to spoof Bitcoin, is now reckoned as one of the most burgeoning and popular cryptocurrencies in the market. Considering this fact, a host of investors and fanatics have started investing in this principal cryptocurrency...
Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot
15.3.2024
Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access...
KuCoin announces the pre-market launch of Wormhole $W Token
15.3.2024
KuCoin recently announced the pre-market launch of the Wormhole $W token. Users can now start pre-market trading of the token on KuCoin. The string of tweets by KuCoin talked about how the launch will help the platform become a Web3 powerhouse. The tweet read that Wormhole is an open-source...
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
The post SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX appeared first...
South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
15.3.2024
A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities...
Analysts ‘Now More Convinced’ of Bitcoin Reaching $150,000 by Mid-2025
15.3.2024
Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now...
‘Wolf of All Streets’ Expects Mainstream Crypto FOMO to Return When DOGE Hits New All-Time High
15.3.2024
Scott Melker, also known as the “Wolf of All Streets,” has revealed his theory on the potential resurgence of mainstream fear of missing out (FOMO) in the crypto market. He asserted that people seem to forget that the mainstream fervor in the last bull market came through dog coins, like dogecoin...
Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet
15.3.2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of Illinois U.S. Attorney’s Office, the seizure marks...
Speculation Rises on Whether Bitcoin’s Halving Is Reflected in Current Prices
14.3.2024
Bitcoin has witnessed new highs in its price lately, with the premier cryptocurrency experiencing an over 60% increase since the beginning of the year. Meanwhile, the crypto community is abuzz with debates on whether the impending halving event is already reflected in the price. There’s...
Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny
14.3.2024
On March 14, Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using Bybit, a popular cryptocurrency exchange platform.
The post Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny appeared first on Cryptonews
Bitcoin Brushes $73,794 Peak Before Midday Price Fluctuations
14.3.2024
The price of bitcoin had a tumultuous day on Thursday dropping below the $70,000 threshold at 12:30 p.m. Eastern Time only to return back above the $70,000 range shortly after. Bitcoin had tapped an all-time price high during the early morning trading sessions on Thursday by briefly tapping...
El Salvador Woos Global Investors: 0% Income Tax!
14.3.2024
In a bold step, El Salvador has introduced innovative measures that attract foreign investments by canceling pay taxes on world investments. The 0% rate for these funds means they will not be liable to pay any taxes, as opposed to the general 30%, and is seen as a big step in making the country...
Bitcoin Mining Hits Record Difficulty as Countdown to 2024 Halving Begins
14.3.2024
On Thursday, Bitcoin’s network difficulty escalated by 5.79% at block height 834,624, signaling the year’s fourth rising adjustment. The mining difficulty now stands at an unprecedented peak of 83.95 trillion, with the forthcoming adjustment anticipated around March 27, 2024. Bitcoin...
Indonesia’s OJK releases amended regulations for crypto
14.3.2024
The financial services regulator of Indonesia, the Financial Services Authority (OJK), has released a fresh set of regulations for the crypto industry. This is pertaining to the execution of technological inventiveness within the financial arena and will come into effect from January 2025. This...
Ether ETFs pave the way for XRP ETFs, say experts
14.3.2024
XRP, a famous leading cryptocurrency with a notable upswing, has surged to breach resistance levels and recorded a new high for the year of more than $0.745. This rally sent investor optimism soaring and sparked discussions about the currency’s fate, namely the talk about the launch of...
Bakkt Holdings under NYSE’s lens for share price listing breach
14.3.2024
Bakkt Holdings, Inc. (NYSE: BKKT), a company known for developing solutions that help businesses expand alongside the crypto economy, was warned today by the New York Stock Exchange (the “NYSE”) that it has failed to comply with Section 802.01C of the NYSE Listed Company Manual. As...
XRP Price Prediction as Bulls Push XRP Above $0.65 Resistance – $1 XRP Incoming?
14.3.2024
XRP is trading above its key $0.65 resistance level after rising 10.5% in the last seven days. The token for crypto payment company Ripple’s blockchain currently changes hands at $0.68, but is it likely to rise to a dollar this year? XRP is certainly following broader market trends. Leading...
Joe Biden’s budget plan covers a mining tax and crypto wash trading
14.3.2024
An excise tax on cryptocurrency mining has been proposed by the administration of US President Joe Biden in an effort to reduce energy consumption and promote a more environmentally sustainable policy in response to the expansion of digital asset mining. An organization that leases or possesses...
Goldman Sachs, CBOE, Standard Chartered, and Others Complete Blockchain Interoperability Pilot on Canton Network
14.3.2024
Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed...
Possible effect of Ethereum’s Dencun Upgrade on Layer-2 tokens
14.3.2024
Ethereum’s Dencun upgrade is slated to go live in the middle of March 2024. All eyes are on its Dencun Upgrade, which commits to bringing economic cost and efficiency transactions to the native network. Also, there are speculations that layer-2 tokens could get a potential boost from Dencun...