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Montenegro Court Halts Extradition of Terra’s Do Kwon to the US
5.3.2024
In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20. Montenegro’s Appeal Court Blocks...
Deutsche Börse Launches Crypto Trading Platform DBDX for Institutional Investors
5.3.2024
Deutsche Börse has unveiled its entry into the regulated digital assets market with the introduction of DBDX, a dedicated platform for institutional cryptocurrency trading. Under the leadership of Carl Koelzer, who oversees FX and digital assets, DBDX aims to deliver a secure and transparent...
Bitcoin Shatters Lifetime Price High Breaking the $69K Barrier
5.3.2024
On March 5, 2024, at 10:03 a.m. (ET), bitcoin’s value eclipsed its previous lifetime peak against the U.S. dollar, ascending beyond the $69,000 threshold on Tuesday. This breakthrough in valuation marks a new all-time high (ATH), occurring 846 days since bitcoin last reached the $69,000 mark...
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
5.3.2024
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric...
Ethereum Foundation liquidates $13 million worth of Ethereum
5.3.2024
The Ethereum Foundation has initiated the liquidation of $13.3 million worth of Ethereum (ETH), prompting investors to contemplate the potential ramifications of this action on the price of ETFs. ETH, in terms of market capitalization, is, incidentally, the second most prominent cryptocurrency....
XRP is estimated to reach $0.829 by the weekend
5.3.2024
XRP is on a potential bull run, with the previous gain recorded at 3.40%, allowing the token to exchange hands at $0.655002. That takes it closer to the estimated milestone of $0.829274 by March 9, 2024. Assuming XRP does stand up to the hype, it would be a surge of 26.97% in the next five …
Blockchain Advocacy Group Says Nigerian Government’s Actions Could Drive Crypto Activities Underground
5.3.2024
Nigerian blockchain lobby group has said the government’s decision to block access to crypto trading like Binance, Kraken and Coinbase will not “help Nigeria build the much-needed trust and confidence in the financial system.” The advocacy group also said the Nigerian...
Time to level up and show SHIB’s real might says Shiba Inu Lead
5.3.2024
Shiba Inu, much like the overall crypto market, is making giant strides. The coin has gained 65.04% value in the past 24 hours alone. SHIB’s recent rally has witnessed the meme coin secure 269.36% growth in the past week. The growth percentage has increased to 327.43% in the past month for SHIB....
Bitcoin’s Bull Run Uplifts Indian Exchanges, Trading Volumes Reach 10-Month High
5.3.2024
The recent surge in the price of Bitcoin has injected fresh life into Indian cryptocurrency exchanges, as trading volumes on the top platforms reached a ten-month high in February.
The post Bitcoin’s Bull Run Uplifts Indian Exchanges, Trading Volumes Reach 10-Month High appeared first...
Indonesia sees a 62% fall in cryptocurrency tax revenue
5.3.2024
Indonesia encountered a significant 62% reduction in its cryptocurrency tax revenue for the year 2023, notwithstanding the noteworthy appreciation of Bitcoin’s worth. Throughout the year, cryptocurrency transactions generated a cumulative tax revenue of $31.7 million. The purported cause...
Can Binance Coin enhance the efficiency of sports investment?
5.3.2024
Binance Coin started its journey in 2017 and quickly became a popular cryptocurrency in the crypto market, offering users lower trading fees on the platform. Binance launched its native blockchain in 2019, known as Binance Chain, which functions similarly to other digital assets in the market....
Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
5.3.2024
Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of the Argentine Federal Police and Interpol....
Shibarium price skyrockets 30%, activity rises
5.3.2024
Shibarium’s substantial increase in overall traction indicates the cryptocurrency industry’s advancement. When comparing the current day to the previous, the fact that 905 accounts were utilized in transactions on Shibarium in a single day indicates a substantial increase of 30%....
Deloitte is Hiring Specialists for Crypto Fraud Investigations
5.3.2024
Consulting firm Deloitte is looking for specialist analysts to assist in uncovering financial crimes related to crypto. Recent job listings on LinkedIn show vacancies for Senior Cyber Crypto Analysts and Cryptocurrency Investigators.
The post Deloitte is Hiring Specialists for Crypto Fraud...
Hong Kong to Kickstart New Web3 and Digital Yuan Initiatives This Year
5.3.2024
The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and expand the digital yuan pilot as part of...
Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’
5.3.2024
Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer claimed that the chip could potentially improve bitcoin mining performance without excessive power consumption. New Rig to Help Bitcoin Miners Minimize...
Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions
5.3.2024
Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions...
Billionaire Mark Cuban Goes For Bitcoin Over Gold ‘All Day, Every Day’
5.3.2024
“Shark Tank” billionaire investor Mark Cuban weighed in on Bitcoin’s recent rally, stating that he has invested in the cryptocurrency due to its strong capability as a store of value.
The post Billionaire Mark Cuban Goes For Bitcoin Over Gold ‘All Day, Every Day’ appeared first on Cryptonews
Skybridge Founder Insists It’s ‘Still Very Early’ to Buy BTC — Sees Bitcoin as the New Berkshire Hathaway
5.3.2024
Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never...
Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’
5.3.2024
Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave”...