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Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources
19.3.2024
Polygon once hailed Starbucks
Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight
19.3.2024
On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the Bitcoin layer two (L2) Stacks, featuring an initial...
Crypto Caverns’ Industry-First Hashrate Guarantee Program Promotes Transparency in Crypto Mining
19.3.2024
In the world of crypto mining hosting, concerns about companies prioritizing their own interests over their clients’ needs are not uncommon. Many of these companies seem to drag their feet when it comes to repairing client hardware, resulting in significant losses for their customers. Rufus...
IMF pressurizes Pakistan to levy taxes on crypto investments
19.3.2024
With the aim of normalizing Pakistan’s troubled economy and receiving financial support of $3 billion from the International Monetary Fund, they are pressurizing the country to levy appropriate taxation on crypto investments and real estate deals. During interactions between the IMF and...
Is Floki About to Crash? FLOKI Price Tumbles 30% with New Meme Coin Set for Exchange Launch
19.3.2024
You’d be hard pressed to find two meme coins posting more opposite performances than FLOKI and SPONGE right now. FLOKI is down bad after falling 18% in the last 24 hours to change hands at $0.0001736 as of this writing, lunchtime UTC. With a market capitalization of $1.6 billion, FLOKI...
Crypto market is looking to bounce back from current dips
19.3.2024
In a macro sense, the crypto market has lost most of its momentum. Whales consider it an opportunity to begin accumulating the next best tokens. However, the industry is still looking for a bounceback. Shiba Inu has failed to recover, and BTC’s price is in a free fall. However, ADA is expected...
Lingo Introduces a Reward Token Backed by Real-World Assets
19.3.2024
With Bitcoin pushing through all-time highs, the demand for cryptocurrencies has steadily increased. However, most crypto projects historically have failed to reward their communities in the long run. That’s because they were either built on ponzinomics, lack of real value generation, or real-world...
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
19.3.2024
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced...
Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
19.3.2024
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court...
Coinbase's Allies Join Crypto Firm's Case Against SEC
19.3.2024
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside...
Crypto trader GCR bought Shiba Inu Behind ‘Dogwifhat’ Meme Auctions NFT for 1,210 Ether
19.3.2024
The NFT of the original photo of Achi wearing a woven beanie was put up for auction on the Ethereum blockchain on March 15. Meanwhile, a South Korean Instagram user revealed that Achi, the Shiba Inu subject of the “Dogwifhat” meme, was their pet. The owner of the Shiba Inu has...
Solana Price Prediction as SOL Drops 12% in 24 Hours – What’s Going On?
19.3.2024
SOL has fallen by 12% today, with the Solana price dropping to $177 as the wider crypto market loses 8% in the past 24 hours.
The post Solana Price Prediction as SOL Drops 12% in 24 Hours – What’s Going On? appeared first on Cryptonews
Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale
19.3.2024
On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds...
EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto
19.3.2024
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers
Nigeria and Turkey Biggest Adopters of Crypto in 2024
19.3.2024
Looking into the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista. But what does the world map look like?
The post Nigeria and Turkey Biggest Adopters of Crypto in 2024 appeared first on Cryptonews
Bonk Price Prediction as $300 Million Sends BONK Plummeting 22% – Time to Buy the Dip?
19.3.2024
The Bonk price has plunged by 22% in the past 24 hours, falling to $0.00002036 on a day when the crypto market as a whole has lost 8%.
The post Bonk Price Prediction as $300 Million Sends BONK Plummeting 22% – Time to Buy the Dip? appeared first on Cryptonews
Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve’s Next Move
19.3.2024
On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease of 12.4% in the past week. This downturn led to the liquidation of a substantial number of bitcoin long positions, with more than $180 million...
Crypto Entities That Neglect AI and Machine Learning Investment Will Lag Behind, Warns Binance CTO
19.3.2024
Rohit Wad, the chief technology officer (CTO) of Binance said his platform has increased its compliance budget in recent years to ensure it achieves the “highest regulatory compliance standard.” According to Wad, Binance has used a compliance budget, which rose 35% year over year...
Pro-Crypto Lawmaker Targets Leadership of House Financial Committee in Next Term
19.3.2024
Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee.
The post Pro-Crypto Lawmaker Targets Leadership of House...
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
19.3.2024
The U.K. has been refining it approach to regulating the crypto sector