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Barry Silbert Could Pocket $1 Billion in Personal Gains by Exploiting Bankruptcy System: Report
27.3.2024
Barry Silbert, founder and CEO of crypto conglomerate Digital Currency Group (DCG), stands to potentially gain up to $1 billion through a sophisticated maneuver involving the bankruptcy system.
The post Barry Silbert Could Pocket $1 Billion in Personal Gains by Exploiting Bankruptcy System: Report...
US lawmakers seek SEC explanation regarding crypto platform
27.3.2024
Lawmakers have requested Chair Gensler to elucidate the SEC’s position in an SPBD’s skill to custody non-securities. American lawmakers, under the leadership of Patrick McHenry, sent a clarification letter to Gary Gensler, Chair, SEC. The lawmakers requested clarification about...
KuCoin Appears Not to Commingle User Funds and has “Sufficient” Reserves: CryptoQuant CEO
27.3.2024
In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant.
The post KuCoin Appears Not to Commingle User Funds...
Pennsylvania State, Crypto Miner Sued for Polluting Environment
27.3.2024
Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining for environmental contamination through Bitcoin mining.
The post Pennsylvania State, Crypto Miner Sued for Polluting Environment appeared first on Cryptonews
Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina
27.3.2024
Texas-based cryptocurrency mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend.
The post Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina appeared first on Cryptonews
Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments
27.3.2024
Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on what can be done with cryptocurrency,”...
2 crypto giants with 10x potential in the 2024 bull run
27.3.2024
Bitcoin ideally leads the charge for the crypto sphere. However, the ever-expanding landscape has brought many contestants who, despite posing a smaller valuation, have come to the table as one of the best options for traders. BTC’s rally remains unmatched, with the token exchanging hands at more...
Solana and Avalanche lead the crypto market rebound with big gains
27.3.2024
As the crypto market projects signs of recovery, Bitcoin gets back on track to restore its $70,000 milestone. The best price performances in terms of market capitalization among the top 10 cryptocurrencies were shown by Solana and Avalanche, attaining the maximum amount of profits in the last...
Crypto bull run: Avalanche (AVAX) is poised to overtake Cardano (ADA)
27.3.2024
The past few months have been a game-changer for the crypto industry. While BTC has been leading the charge, prominent cryptocurrencies have closely followed the coin. The ongoing surge has fueled the rivalry between Avalanche and Cardano. As both platforms compete for dominance in the smart...
Russia Discusses Testing Digital Ruble for Budget Payments
27.3.2024
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...
KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US
27.3.2024
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.
The post KuCoin Sees Over $1 Billion Outflows After Money Laundering...
Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms
27.3.2024
Crypto mining firm Bitdeer Technologies is reportedly in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.
The post Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms appeared first on Cryptonews
BlockDAG sets the standard with nearly $8.9M presale, outperforming GameFi’s MAVIA and Dogwifhat in crypto innovation
27.3.2024
BlockDAG is not just participating in the cryptocurrency race; it’s setting the pace. Amid the burgeoning interest in GameFi exemplified by Heroes of Mavia and the meme coin craze led by Dogwifhat, BlockDAG emerges as a formidable force with a clear, ambitious vision. Its nearly $8.9 million...
0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation
27.3.2024
On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential...
XRP Price Prediction as SEC Plans $2 Billion Fine Against Ripple Labs – Last Hurdle Before Big Rally?
27.3.2024
As Ripple Labs faces a pivotal $2 billion SEC fine, the crypto world watches, pondering XRP's price forecast and the market's next big rally.
The post XRP Price Prediction as SEC Plans $2 Billion Fine Against Ripple Labs – Last Hurdle Before Big Rally? appeared first on Cryptonews
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...
Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist
27.3.2024
Russian ministries could be prepared to “legalize” industrial crypto mining in the country, but one key department could yet throw a spanner in the works.
The post Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist appeared first on Cryptonews
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...