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Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments
13.3.2024
Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency...
Ethereum Challenger Monad Labs in Talks to Raise $200 Million
13.3.2024
The smart contract platform, Monad Labs is in talks to raise over $200 million via a funding round that is likely to be led by venture capital firm Paradigm. A successful funding round will see Monad Labs’ valuation rocket to $3 billion. Monad Labs Building Platform to Challenge Ethereum...
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
13.3.2024
The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help...
Ethereum Layer 2 Tokens gain interest before Dencun Upgrade
13.3.2024
The Dencun upgrade to Ethereum is anticipated to significantly reduce transaction fees on layer-2 networks and enhance the scalability of Ethereum as a whole. The cryptocurrency has garnered investor attention and witnessed an appreciation in value for Ethereum Layer 2 (L2) tokens due to...
Exploring the mechanisms of Proof of Work (PoW) in blockchain-based crypto games
13.3.2024
Proof of Work (PoW) serves as a consensus mechanism within blockchain technology, ensuring the validation and confirmation of transactions while facilitating the creation of new blocks. In PoW, miners, the participants in this process, solve intricate mathematical puzzles to add new transaction...
Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs
13.3.2024
Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency...
Coinbase Announces $1B Bond Sale
13.3.2024
Cryptocurrency exchange Coinbase Global, Inc., has announced a private offering of $1 billion convertible senior notes which will be due in 2030.
The post Coinbase Announces $1B Bond Sale appeared first on Cryptonews
El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates
13.3.2024
President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization...
Robert Kiyosaki Warns Biggest Bubble in History Will Wipe Out Boomers — Advises Buying ‘Real Assets’ Like Bitcoin
13.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest bubble in history will wipe out baby boomers, emphasizing that the stock market is set to crash. “Time to get real is now,” he stressed, urging investors to buy “real assets” like gold, silver,...
Blackrock’s Spot Bitcoin ETF Holdings Near 204K BTC as Demand Soars
13.3.2024
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management...
Bitcoin Price Prediction as Bulls Hold BTC Above $71,000 – Time to Buy?
12.3.2024
Amid rising optimism, Bitcoin holds strong above $71,000. Investors watch closely, pondering if now's the moment to buy into the leading cryptocurrency's potential.
The post Bitcoin Price Prediction as Bulls Hold BTC Above $71,000 – Time to Buy? appeared first on Cryptonews
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
12.3.2024
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against...
Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May
12.3.2024
Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky stated that the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack...
London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications
12.3.2024
In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs...
Crypto’s Rising Influence in 2024 U.S. Elections: A Game Changer, Says Analyst
12.3.2024
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near, citing increasing influence of crypto advocacy groups like the Stand With Crypto Alliance.
The post Crypto’s Rising Influence in 2024 U.S. Elections:...
USDT expands to Celo: A new era for mobile crypto
12.3.2024
Tether Operations Limited, also known as Tether, the central crypto platform, recently announced the integration of its stablecoin USDT on Celo, a unique blockchain based on a mobile approach accessible via the EVM platform. This shift will significantly impact the Tether and Celo ecosystems...
Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits
12.3.2024
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential...
Bitcoin Price Breaks Through $70k, Whilst New Cryptocurrency Green Bitcoin Raises $3m
12.3.2024
The bitcoin price has broken through $73,000 in spectacular fashion, spurring on crypto traders to find the best way to gain exposure to the bull run, which is where Green Bitcoin ($GBTC) comes in after raising $3.2 million in presale.
The post Bitcoin Price Breaks Through $70k, Whilst...
Solana: A tale of airdrop controversy and investment enthusiasm
12.3.2024
Solana is depicting the perfect recipe for a cinematic script. Two sides are battling for an outcome for the ecosystem. While one side feels oppressed because of the controversial airdrop, the other side finds itself floating in the sky with a rise in investor interest. What happens in the Solana...
South Korea suggests crypto management system to fight tax fraud
12.3.2024
South Korea is preparing and implementing robust measures to combat tax evasion associated with virtual assets. The National Tax Service of South Korea has designated GTIC for the integrated management system (ISP) of virtual assets in an effort to prevent tax evasion. With big measures being...