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Tether Launches USDT on Celo Targeting Increased Usability
12.3.2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility...
Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode?
12.3.2024
Near Protocol has risen by 3% in the past 24 hours, with its move to $7.18 also marking an impressive 63% gain in a week.
The post Near Protocol Matches Dogecoin Price Performance in March, Is Green Bitcoin the Next Eco-Friendly Crypto To Explode? appeared first on Cryptonews
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
12.3.2024
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates
Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust
12.3.2024
Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday
Bitcoin ETF Inflows Could Trigger a ‘Sell-Side Liquidity Crisis,’ Warns CryptoQuant
12.3.2024
Institutional inflows into spot Bitcoin (BTC) ETFs could lead to a "sell-side liquidity crisis" by September, according to industry analyst Ki Young Ju, CEO of on-chain analytics platform CryptoQuant.
The post Bitcoin ETF Inflows Could Trigger a ‘Sell-Side Liquidity Crisis,’ Warns...
Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners
12.3.2024
President Joe Biden has reignited the debate surrounding the imposition of a 30% tax on electricity used by cryptocurrency miners in a budget proposal for 2025.
The post Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners appeared first on Cryptonews
Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
12.3.2024
The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses that hold foreign exchange. Nigeria Presses Ahead...
Impact of Bitcoin halving and Spot Bitcoin ETFs on crypto market
12.3.2024
The crypto market is rejoicing in a bull rally, with multiple factors accounting for the run. The long-running market slum ended with US Bitcoin ETFs getting approval from the SEC. With Bitcoin set to conduct its halving in 2024, the market is brimming with positive outlooks. The programmed event...
Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill
12.3.2024
The new authority will enable KNF to independently block crypto accounts for 96 hours if any suspension arises.
The post Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill appeared first on Cryptonews
‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng
12.3.2024
While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,”...
Bitcoin soars above $70,000: Should new investors jump in?
12.3.2024
Bitcoin has achieved its ATH by surpassing the milestone of $70,000. To be more specific, BTC is listed at $71,926.44, with a surge of 4.89% in the last 24 hours at the time of articulating this piece. The rise comes almost two months after the US Securities and Exchange Commission approved 11...
DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains 'Elevated'
12.3.2024
Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said
El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings
12.3.2024
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues
Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World
12.3.2024
Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in...
Bitcoin hits an all-time high, along with crypto market liquidity
12.3.2024
Bitcoin recently made history after breaching the $70,000 mark. The crypto leader continued this rally to hit its all-time high of $72,850.71. At the same time, the crypto market liquidity has also surpassed its all-time high. Stablecoin supply represents liquidity in the crypto industry, and it’s...
Thailand SEC Clears Path for Accredited Investors to Dive Into US Bitcoin ETFs
12.3.2024
Thailand's securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. Access to these funds will be restricted to institutional investors and individuals with ultra high net-worth.
The post Thailand SEC Clears Path for Accredited...
El Salvador’s Bitcoin Investment Strategy Proves Lucrative as Profits Surge by 70%
12.3.2024
El Salvador's Bitcoin (BTC) investment strategy is paying off handsomely, with the country now enjoying a remarkable 70% profit on its dollar-cost average purchase price.
The post El Salvador’s Bitcoin Investment Strategy Proves Lucrative as Profits Surge by 70% appeared first on Cryptonews
Bitcoin soars towards all-time highs, accompanied by a $12M in Bitcoin Minetrix ICO
12.3.2024
The crypto market runs wild with excitement as the titan, Bitcoin, is approaching its all-time high of $70,000. Earlier in March 2024, this asset breached its 2021 high of $68,600 before correcting with a $10,000 red candle. This dominant coin is currently trending between $68,000 and $70,000...
Bitcoin Price Prediction Surges to $72,000 Amid Fed Rate Cut Hopes & Trump’s Support
12.3.2024
Bitcoin's surge to $72,000, fueled by Fed rate cut hopes and Donald Trump's nod, signals a bullish future amid growing institutional interest and regulatory support.
The post Bitcoin Price Prediction Surges to $72,000 Amid Fed Rate Cut Hopes & Trump’s Support appeared first on Cryptonews
Solana Co-Founder Anatoly Yakovenko Thinks Crypto Has a Shot at Disrupting the App Store Duopoly
12.3.2024
Anatoly Yakovenko, co-founder of Solana Labs, believes that crypto can have a shot at disrupting Google’s and Apple’s app store duopoly. He criticized the state of the software distribution on mobile devices, lamenting that the two stores collected over 30% of all earnings just...