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NFT Market Flourishes With an 11.62% Rise This Week; Largest Ordinal Inscription Fetches Record 8 BTC
9.3.2024
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with...
Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
9.3.2024
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual...
Nigerian Central Bank, Real-World Asset Firm Partner to Revive Struggling CBDC
9.3.2024
Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial innovation through blockchain technology. Improving...
Bitcoin Price Prediction as BTC Hits $70,000 and Retraces – What’s Going On?
9.3.2024
Bitcoin nudges the $70,000 peak amidst ETF buzz, teasing a bullish future. As it retraces to $68,100, the crypto world watches eagerly for its next move.
The post Bitcoin Price Prediction as BTC Hits $70,000 and Retraces – What’s Going On? appeared first on Cryptonews
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
9.3.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these...
Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative
9.3.2024
The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in the project, the Hong Kong Monetary Authority...
JPMorgan Expects $62 Billion Bitcoin Spot ETFs Market Over 2 To 3 Years
9.3.2024
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold.
The post JPMorgan Expects $62 Billion Bitcoin Spot ETFs Market Over 2 To 3 Years appeared first on Cryptonews
Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs
9.3.2024
The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to attract blockchain firms to Wyoming. New Law Reinforces...
Top Crypto Gainers Today on DEXTools – PEPES, WOLF, BVM
9.3.2024
As Bitcoin (BTC) consolidates in the $68,000s as trading volumes drop off ahead of the weekend, traders are turning to the on-chain shitcoin markets in the hope of identifying top crypto gainers today.
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Financial Journalist Alan Kohler: Bitcoin Is an ‘Insurrection’
9.3.2024
Alan Kohler, an Australian financial journalist, stated Bitcoin is an “insurrection,” given the tightly controlled rules that control the conditions behind its operation. Kohler explained that while bitcoin crashed tremendously in 2022, it constituted a “subversion to the whole...
Best Crypto to Buy Today March 8 – FLOKI, Pepe, dogwifhat
9.3.2024
As Bitcoin (BTC) consolidates in the $68,000s as trading volumes drop off ahead of the weekend, meme coins are stealing the limelight as the bulls regain control, with traders hunting for the best crypto to buy today flocking to major names in the hope of making quick gains.
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‘Dutch & Razzlekhan’ — A Cinematic Dive Into the Bitfinex Hack
9.3.2024
The intricate saga of the Bitfinex heist, involving the disappearance of $4 billion in bitcoin, is being adapted for film. “Dutch & Razzlekhan” aims to vividly depict the bold cryptocurrency theft that impacted the cryptocurrency sector in 2016. From Heist to Hollywood: The Bitfinex...
Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows
8.3.2024
The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing...
Goldman Sachs Upgrades Coinbase to Neutral as Bitcoin Prices Rally
8.3.2024
Wall Street giant Goldman Sachs upgrades Coinbase stock (COIN) from "sell" to "neutral" as Bitcoin surges. Analysts link the upgrade to the current cryptocurrency market rally and note similar jumps in Bitcoin-linked stocks like MicroStrategy.
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Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
8.3.2024
Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing...
Bitcoin Price Prediction as BTC Bounces Back After Dip Below $60,0000 – New High Incoming?
8.3.2024
Amidst a thrilling rebound, Bitcoin climbs past $69,258, igniting speculations of hitting new highs post a dip below $60,000. Is an unprecedented peak on the horizon?
The post Bitcoin Price Prediction as BTC Bounces Back After Dip Below $60,0000 – New High Incoming? appeared first on Cryptonews
BlackRock Plans to Acquire Spot Bitcoin ETPs for Its Global Allocation Fund
8.3.2024
Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement
8.3.2024
Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis points. Both steps were key conditions set by the IMF which Egypt had to meet before the approval of a...
El Salvador May Become One of the World’s Richest Countries Due to Bitcoin Holdings
8.3.2024
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September...
BlackRock’s Global Allocation Fund to Invest in Spot Bitcoin ETFs
8.3.2024
BlackRock, the world's largest asset manager, announces spot Bitcoin ETF inclusion in its popular Global Allocation Fund. This move reflects BlackRock's expanding cryptocurrency investments, which include its own rapidly growing iShares Bitcoin Trust (IBIT).
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