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High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
7.3.2024
In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition to the United States, marking a pivotal moment...
Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still Accessible
7.3.2024
The Philippine National Telecommunications Commission (NTC) has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.
The post Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still...
Bitcoin’s Warm-up Phase: Analyst Predicts a Market Evolution That Could ‘Shock’ Traditional Finance
7.3.2024
As bitcoin remains close to its peak price levels, a wave of positive sentiment and enthusiastic vigor is enveloping the crypto sphere. This week, onchain analyst Willy Woo, the same market strategist who asserted in November 2023 that bitcoin will probably not fall under $30,000 again, is of...
Shiba Inu Price Prediction as SHIB Drops 17% – What’s Going On?
7.3.2024
SHIB has fallen by 17% overnight, with the Shiba Inu price slipping to $0.00003186 as the crypto market as a whole barely moves.
The post Shiba Inu Price Prediction as SHIB Drops 17% – What’s Going On? appeared first on Cryptonews
MEXC Addresses Missing Funds Concerns Amidst Allegations of ‘Clawbacks’
7.3.2024
The MEXC exchange denies any accusations that it has arbitrarily confiscated customer money. According to a Coin Telegraph report, several MEXC users have recently complained on social media of random “clawbacks” or centralized withdrawal freezes and liquidations of funds. User...
South Korea’s Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K
7.3.2024
The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and $67,000, whereas on the South Korean exchange Upbit...
Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash
7.3.2024
A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024.
The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...
Bitcoin’s Hash Price Soars as Average Network Fees Spike by 288%
7.3.2024
According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value...
Hong Kong Central Bank Launches Wholesale CBDC Project to Foster Tokenization
7.3.2024
Hong Kong's central bank has announced the launch of a new project called "Project Ensemble," aimed at supporting the development of the tokenization market in the city-state through a wholesale central bank digital currency (wCBDC).
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Crypto Wallet SafePal Ventures Into Banking With New USDC Visa Card
7.3.2024
Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency
Crypto AI Tokens in Focus as DOGE, SHIB Rally Starts to Ease
7.3.2024
Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin’s 0.3% increase
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start
7.3.2024
The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the crypto trading platform Transak, has argued. Start...
Election Fever Hits Cryptocurrency: TRUMP and BODEN Tokens Surge
7.3.2024
As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in...
NYCB Shares Plunge 42% Before Rebound on $1 Billion Capital Raise
7.3.2024
New York Community Bancorp (NYCB) made headlines on Wednesday as its stock experienced a dramatic plunge of 42% before staging a rebound following the announcement of a $1 billion capital raise.
The post NYCB Shares Plunge 42% Before Rebound on $1 Billion Capital Raise appeared first...
SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement
7.3.2024
SEC Commissioners Hester Peirce and Mark Uyeda voice concerns over the lack of clarity in crypto regulations after ShapeShift’s recent settlement of $275,000.
The post SEC Commissioners Criticize Agency’s Crypto Enforcement Strategy Following ShapeShift Settlement appeared first on Cryptonews
French Cryptography Startup Zama Raises $73M for Blockchain, AI Privacy Apps
7.3.2024
French cryptography startup Zama has raised $73 million in a Series A funding round led by Multicoin Capital, Protocol Labs and participation from well-known crypto players such as Polkadot co-founder Gavin Wood, and Solana co-founder Anatoly Yakovenko.
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US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
7.3.2024
A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former...
Blackrock’s Spot Bitcoin ETF Sees Almost $800M Daily Inflows
7.3.2024
BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has taken in a record daily inflows of $788 million on Tuesday, as the crypto frenzy shows little signs of slowing down in March.
The post Blackrock’s Spot Bitcoin ETF Sees Almost $800M Daily Inflows appeared first on Cryptonews
Crypto narratives shaken: Cosmos (ATOM), Kelexo (KLXO), and Bitcoin Cash (BCH) witness unprecedented new investments
7.3.2024
Three cryptocurrencies, Cosmos (ATOM), Bitcoin Cash (BCH), and Kelexo (KLXO), have surged to the spotlight due to their remarkable performances over the past week. Cosmos and Bitcoin Cash turned in superb monthly performances, while Kelexo is close to selling out stage 1 of its long-awaited presale...