Cryptocurrencies Today: News, Analysis, and Predictions

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If you're looking for the ultimate source of cryptocurrency information, you've come to the right place. This webpage is your one-stop destination for everything you need to know about the crypto world, from news, analysis, reviews, signals, opinions, forecasts, and more. Whether you're a beginner or a pro, you'll find something here to help you make better trading decisions and achieve your trading goals.

This webpage scours the entire web for the latest and most reliable information on all things crypto, and brings it to you in one convenient place. You can get an overview of everything that's happening in the crypto markets with just one click, or dive deeper into the topics that interest you the most. You'll find comprehensive coverage of the major cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as emerging ones, such as Cardano, Polkadot, and Solana. You'll also discover the best practices, tips, and strategies for trading and investing in crypto, as well as the latest developments in blockchain technology, policy and regulations, mining, and innovation.

This webpage is made for crypto-traders who want to stay updated on the latest crypto market trends, news, and opportunities. You'll also get access to the best sources of crypto education, insights, and guidance from experts and enthusiasts who share their knowledge and experience with you. Whether you want to learn the basics of crypto, improve your skills, or explore new possibilities, this webpage has something for you.

Don't miss out on the opportunity to join the crypto revolution. Bookmark this webpage today and start your journey to crypto success!

 

The Ultimate Comprehensive and Up-to-Date Source to Master the Crypto Markets:

  • Ethereum Being Designated a Security Won’t Hurt Chances of Spot ETH ETFs Approval, Says BlackRock CEO Larry Fink

    Mar 28, 2024 | 11:05 am

    BlackRock chief executive Larry Fink believes approval of spot Ethereum (ETH) exchange-traded funds (ETFs) could still occur even if the top altcoin is deemed a security. In a new interview on FOX Business, Fink says that the chances of approval for pending applications to launch spot ETH ETFs would not be adversely impacted if the […] The post Ethereum Being Designated a Security Won’t Hurt Chances of Spot ETH ETFs Approval, Says BlackRock CEO Larry Fink appeared first on The Daily Hodl.

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  • TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6

    Mar 28, 2024 | 11:02 am

    Geneva, Switzerland, March 28, 2024 – HackaTRON Season 6, co-hosted between TRON DAO, HTX DAO, BitTorrent Chain, and JustLend DAO, introduces an exciting lineup of new sponsors, partners, and judges. Showcasing HackaTRON Sponsors Diamond Sponsors: Ankr: Specializing in decentralized infrastructure services for DApp development, Ankr supports the seamless integration and deployment of blockchain applications. ChainGPT: […] The post TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6 appeared first on CryptoSlate.

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  • Furrever Token Emerges as Top Choice for Dogecoin (DOGE) and Shiba Inu (SHIB) Holders Eyeing Upside Potential in Meme Coins

    Mar 28, 2024 | 11:01 am

    The post Furrever Token Emerges as Top Choice for Dogecoin (DOGE) and Shiba Inu (SHIB) Holders Eyeing Upside Potential in Meme Coins appeared first on Coinpedia Fintech News As Dogecoin (DOGE) and Shiba Inu (SHIB) experience a modest uptick in their prices, the spotlight in the crypto world seems to be shifting towards Furrever Token (FURR). FURR’s recent achievement of completing its fourth presale stage in record time has captured the attention of investors and enthusiasts alike. Amidst the broader market dynamics, FURR’s …

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  • Glassnode Data Shows Bitcoin at Crossroads: Time to Hold or Take Profit?

    Mar 28, 2024 | 11:00 am

    According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture. When BTC soared to $73,800 in March 2024, printing new all-time highs, the Bitcoin market reached a statistically significant level regarding on-chain unrealized profits, according to the Market Value to Realized Value (MVRV) ratio. Bitcoin MVRV Ratio At Historically Significant Level: Time […]

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  • Breaking! Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud. Here the details!

    Mar 28, 2024 | 10:40 am

    TL;DR Sam Bankman-Fried, former CEO of FTX, sentenced to 25 years in prison for fraud. Judge Kaplan hands down a sentence based on seven felony counts, including witness tampering and perjury. Bankman-Fried shows remorse, while his lawyers portray him as a misunderstood genius. Sam Bankman-Fried, recognized in the world of cryptocurrencies as the former CEO ... Read more

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  • SBF’s Best Friends Who Turned on Him Brace for Their Punishment

    Mar 28, 2024 | 10:34 am

    One moved continents to hunker down in her family home. Another landed a job as a software engineer in Silicon Valley. And the third is pursuing a tech career outside crypto after the exchange he helped build imploded 16 months ago.Source: Bloomberg Crypto The post SBF’s Best Friends Who Turned on Him Brace for Their Punishment appeared first on Crypto Breaking News.

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  • MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees

    Mar 28, 2024 | 10:28 am

    London, United Kingdom, March 28th, 2024, Chainwire MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature. This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched gaming experience, offering faster transactions […] The post MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees appeared first on CoinJournal.

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  • Ethereum regains NFT lead with US$17.02 million daily sales

    Mar 28, 2024 | 10:25 am

    Ethereum reclaimed its prior position as the market leader among blockchain non-fungible tokens. The product achieved a sales volume of $17.02 million. Sales on this platform have increased by as much as 39.19% in the twenty-four hours leading up to 2:00 pm, according to data compiled by CryptoSlam. The anticipated surge in Ethereum sales volume …

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  • Ripple and FLOKI Gather Steam; InQubeta (QUBE) Prepares to Revolutionize the AI Fundraising Scene, Raises Over $12M in Presale

    Mar 28, 2024 | 10:19 am

    The post Ripple and FLOKI Gather Steam; InQubeta (QUBE) Prepares to Revolutionize the AI Fundraising Scene, Raises Over $12M in Presale appeared first on Coinpedia Fintech News Following a significant market downturn—Bitcoin dropping below $61,000 and altcoins dipping more—the bulls have since regained momentum. Ripple (XRP) and FLOKI (FLOKI), two top altcoins, have been gathering steam, pushing for a comeback. At the same time, InQubeta (QUBE), an emerging AI altcoin preparing to reshape the AI fundraising landscape, has become the talk of …

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  • The Final Chapter of FTX Saga: Sam Bankman-Fried Sentenced to 25 Years

    Mar 28, 2024 | 10:19 am

    The post The Final Chapter of FTX Saga: Sam Bankman-Fried Sentenced to 25 Years appeared first on Coinpedia Fintech News In a dramatic turn of events, Sam Bankman-Fried, the once-glorified crypto mogul, has been sentenced to 25 years in prison on charges of federal fraud and conspiracy.  The sentencing of SBF has marked the culmination of a year-long legal saga, all of which began with the bankruptcy filing of FTX that shook the foundations of …

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  • Crypto Community Shows Discontent Over Sam Bankman-Fried’s 25-Year Sentence

    Mar 28, 2024 | 10:18 am

    In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion [...] The post Crypto Community Shows Discontent Over Sam Bankman-Fried’s 25-Year Sentence appeared first on Crypto Breaking News.

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  • Crypto Community Shows Discontent Over Sam Bankman-Fried’s 25-Year Sentence

    Mar 28, 2024 | 10:18 am

    In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion […]

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  • XRP and Polygon Ran Out of Puff; Is Milei Moneda the Next Big Crypto Craze for Investors?

    Mar 28, 2024 | 10:14 am

    The post XRP and Polygon Ran Out of Puff; Is Milei Moneda the Next Big Crypto Craze for Investors? appeared first on Coinpedia Fintech News TLDR Traders lose interest in XRP. Polygon’s value drops due to technical issues. $MEDA continues to attract investors. XRP loses steam as its value drops after a recent spike. Likewise, Polygon’s (POL) value remains stagnant due to technical issues with the blockchain sequencer. However, Milei Moneda‘s ($MEDA) presale takes off as many investors hasten to …

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  • Mysterious Whale Suddenly Transfers 2,000 BTC Mined in 2010, Now Worth Over $140 Million

    Mar 28, 2024 | 10:13 am

    Bitcoin's mysterious early adopters continue to make waves in the cryptocurrency space as an unidentified individual or entity recently consolidated 2,000 BTC mined in 2010 into a single wallet.

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  • Statement of U.S. Attorney Damian Williams on the Sentencing of Sam Bankman-Fried

    Mar 28, 2024 | 10:10 am

    Source: CoinDesk The post Statement of U.S. Attorney Damian Williams on the Sentencing of Sam Bankman-Fried appeared first on Crypto Breaking News.

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  • Dogecoin Primed For Gargantuan ‘$1 DOGE’ Upsurge After Barreling Past 22 Cents For First Time Since 2021

    Mar 28, 2024 | 10:10 am

    The uptick comes amid speculation about DOGE’s use on Elon Musk’s social media giant X.

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  • Ethereum Hit by ‘Blobscriptions’ in First Stress Test of Blockchain’s New Data System

    Mar 28, 2024 | 10:08 am

    Ethereum fees for “blobs” – the blockchain’s new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”Source: CoinDesk The post Ethereum Hit by ‘Blobscriptions’ in First Stress Test of Blockchain’s New Data System appeared first on Crypto Breaking News.

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  • Spotlight remains on BlockDAG’s 5000x ROI potential as Algorand price surges & Optimism tokens unlock

    Mar 28, 2024 | 10:05 am

    Amidst the dynamic landscape of cryptocurrencies, Algorand’s recent price surge and the upcoming Optimism token […]

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  • EGGY surges, outperforming PEPE and FLOKI; analysts see MEDA as another meme coin with potential

    Mar 28, 2024 | 10:01 am

    EGGY outperforms PEPE and FLOKI despite launching last. PEPE investors plan for a bull run as FLOKI surges by 8% as new features cancel out weekly losses. Milei Moneda’s $MEDA attracts investors in droves with its ICO. The Bitcoin-inspired token pump may be over, but the meme coins are still very much in business. PEPE and […] The post EGGY surges, outperforming PEPE and FLOKI; analysts see MEDA as another meme coin with potential appeared first on CoinJournal.

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  • New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming?

    Mar 28, 2024 | 10:00 am

    In a new development, VeChain (VET) has announced the introduction of its latest No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS), fueling optimism within the community of an impendent price uptick. The announcement also featured the collaboration of the MotoGP racing team Gresini Racing as its first enterprise client. By collaborating with Gresini Racing, an enormous fan [...] The post New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming? appeared first on Crypto Breaking News.

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  • Injex Finance Launches Presale for $INJX Token: Join Now to Secure Early Contributions

    Mar 28, 2024 | 10:00 am

    PRESS RELEASE. Injex Finance is excited to announce the official launch of its Presale for the native $INJX token, offering early contributors an exclusive opportunity to become part of the thriving Injex ecosystem. With the Presale now live, users can seize the moment to participate and benefit from this groundbreaking initiative. As the cryptocurrency market [...] The post Injex Finance Launches Presale for $INJX Token: Join Now to Secure Early Contributions appeared first on Crypto Breaking News.

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  • Explosive Growth Ahead for These 5 High-Potential Altcoins! Analysts’ Picks

    Mar 28, 2024 | 10:00 am

    The post Explosive Growth Ahead for These 5 High-Potential Altcoins! Analysts’ Picks appeared first on Coinpedia Fintech News Bitcoin’s halving event has sparked predictions of a major bull run, with some experts forecasting a surge to $200,000. Amidst this optimistic backdrop, several altcoins are also drawing attention for their growth potential. Analytics experts have pinpointed a selection of these digital assets, poised for explosive growth, as investors seek to diversify their portfolios beyond …

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  • Cardano’s Hoskinson claps back after ADA, XRP branded as ‘crypto zombies’

    Mar 28, 2024 | 10:00 am

    Hoskinson was quick to defend ADA and XRP against Forbes' labelling of the tokens as "crypto zombies."

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  • Bitcoin Stablecoins Ratio At 1-Year Lows: Is This Bullish?

    Mar 28, 2024 | 10:00 am

    On-chain data shows the Bitcoin Exchange Stablecoins Ratio has plunged to its lowest since March 2023. Here’s what this could mean for BTC. Bitcoin Exchange Stablecoins Ratio Has Been Heading Down Recently As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has been declining recently. The “Exchange Stablecoins Ratio” […]

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  • Investors Believe Rebel Satoshi Has the Best Narrative of a Meme Coin: Can $RBLZ Catch up to FLOKI and PEPE?

    Mar 28, 2024 | 10:00 am

    Analysts forecast that FLOKI will surge to $0.000356 before the end of April following its recent partnership with TokenFi. Following the recent update from Crypto.com, experts are optimistic that PEPE will surge to $0.00001 in the next few weeks. Rebel Satoshi ($RBLZ) is poised for a significant surge shortly following its launch on top exchanges. [...]

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  • Prisma Finance $11.6 million exploit leads to asset value plummet, mkUSD stablecoin instability

    Mar 28, 2024 | 09:55 am

    Ethereum liquid restaking platform Prisma Finance said its vaults were exploited earlier today for an undisclosed sum. According to the protocol: “Prisma Protocol has been paused by the emergency multisig and remaining funds are safe. mkUSD and ULTRA, as stablecoins, are overcollateralized and are not at risk.” CryptoSlate data shows that the mkUSD stablecoin has […] The post Prisma Finance $11.6 million exploit leads to asset value plummet, mkUSD stablecoin instability appeared first on CryptoSlate.

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  • Sam Bankman-Fried Gets 25-Year in Prison For Embezzling $10 Billion

    Mar 28, 2024 | 09:54 am

    Sam Bankman-Fried, co-founder of FTX, has been sentenced to a 25-year prison term after being found guilty of embezzling billions of dollars from customers, concluding a saga that gripped and cast a shadow over the cryptocurrency sector. The post Sam Bankman-Fried Gets 25-Year in Prison For Embezzling $10 Billion appeared first on CoinChapter.

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  • io.net Appoints Garrison Yang as Chief Strategy & Marketing Officer to Drive DePIN Protocol Growth

    Mar 28, 2024 | 09:54 am

    New York, United States, March 28th, 2024, Chainwire March 19, 2024 –– io.net is delighted to announce the appointment of Garrison Yang as its Chief Strategy and Marketing Officer. The newly-appointed Yang will be responsible for guiding the growth, strategy, and marketing operations of the DePIN’s core products, catering to its customers, and expanding its [...]

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  • Sam Bankman-Fried Deserves a Life After Prison

    Mar 28, 2024 | 09:49 am

    He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.Source: CoinDesk The post Sam Bankman-Fried Deserves a Life After Prison appeared first on Crypto Breaking News.

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  • Co-Founder of Rockstar and All-star Line Up Join Advisory Board to Propel Metacade into Post-Beta Orbit

    Mar 28, 2024 | 09:47 am

    Metacade, the ground-breaking Web3 gaming platform, is getting ready to launch out of beta with several innovative projects that will completely change the way blockchain games are created. Russell Bennett, the CEO, predicts several historic announcements in the second and third quarters of 2024. starting with the advisory board’s appointment. Elly Bradbury, Anders Christiansen, Dan […]

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  • New addition to the Sandbox: Eternal Fandom LAND Sale

    Mar 28, 2024 | 09:45 am

    The exciting and most-awaited news has finally come. A very popular neighborhood in the Sandbox is getting a new addition, and the K Verse: Eternal Fandom LAND Sale will begin soon. This is Sandbox’s third Korea-themed LAND sale, and the makers of Sandbox are eager to provide content to their fan communities. They are going …

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  • FTX Founder Sam Bankman-Fried Sentenced By Judge To 25 Years In Prison

    Mar 28, 2024 | 09:30 am

    Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, has been sentenced to 25 years in prison by a judge in New York for orchestrating an $8 billion theft from FTX customers. 🚨 BREAKING: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLION DOLLAR FTX FRAUD pic.twitter.com/M9HotmBma2 — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024 [...] The post FTX Founder Sam Bankman-Fried Sentenced By Judge To 25 Years In Prison appeared first on Crypto Breaking News.

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  • Banks like Citi adopt blockchain and tokenization in private markets

    Mar 28, 2024 | 09:30 am

    In collaboration with Wellington and WisdomTree, Citigroup Inc. conducted a simulation regarding the tokenization of private funds in blockchain wagering. This endeavor was designed to demonstrate how a blockchain network can tokenize a private equity fund. Wall Street may embrace distributed ledger technology on a broader scale if the A/B testing proves fruitful. Chainlink, a …

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  • Ethereum-Based Tokenized Real Estate Platform USP Announces Official Launch On Republic

    Mar 28, 2024 | 09:28 am

    Republic.com, a prominent crowdfunding portal, is pleased to announce the official launch of USP on its platform, a revolutionary tokenized real estate marketplace and platform. This move represents a significant victory for investors worldwide hoping to gain access to the profitable U.S. real estate market through cutting-edge blockchain technology, as well as a significant milestone […]

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  • Sam Bankman-Fried’s 25-Year Sentence a Harbinger of Crypto Trials to Come

    Mar 28, 2024 | 09:18 am

    FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison. It was shorter than the 40 to 50 years that federal prosecutors had recommended, but above the six-and-a-half-year sentence requested by the defense lawyers. The decision sets the tone for others accused of crimes involving digital assets, including former Celsius Network Ltd. Chief Executive Officer Alex [...] The post Sam Bankman-Fried’s 25-Year Sentence a Harbinger of Crypto Trials to Come appeared first on Crypto Breaking News.

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  • BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

    Mar 28, 2024 | 09:14 am

    In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing. Related Reading: The Bulls Are Back: Spot Bitcoin Inflows Surge With New Records FTX Founder Sam Bankman-Fried Sentenced Judge Kaplan sternly criticized the defense’s argument, labeling it as “misleading, logically flawed, and speculative.” As reported by our sister site, Bitcoinist, Kaplan highlighted Bankman-Fried’s obstruction of justice and witness tampering during his defense, which were significant factors considered in the sentencing decision. Bankman-Fried expressed remorse in a statement, acknowledging that his series of “selfish” decisions as the leader of FTX had led to the exchange’s downfall. He admitted to having “thrown it all away” and expressed regret that continues to haunt him daily. Prosecutors had initially sought a maximum sentence of 50 years, while Bankman-Fried’s legal team argued for a maximum of 6 years. In November, Bankman-Fried was found guilty on seven criminal counts, and he has since been held at the Metropolitan Detention Center in Brooklyn. Life Plans Shattered Late Tuesday, prosecutors submitted documents containing testimonies from victims, shedding light on the impact of Bankman-Fried’s actions. One victim, whose name was redacted, wrote a letter dated March 15, describing the destruction of their entire life and the emotional toll it had taken on their family.  They emphasized that they had entrusted their funds to FTX as a custodian, not consenting to the risks Bankman-Fried had taken with their money. The victim shared the suffering that had led to depression and even thoughts of suicide. Related Reading: Fantom: Market Slowdown Chops Off 10% From Gains – Here’s Why During the trial, prosecutors revealed that Bankman-Fried had diverted funds from FTX customers, amounting to as much as $8 billion. These funds were allegedly used to finance a wide range of external interests, including political initiatives, speculative investments, and funding the lifestyles of FTX executives. Featured image from Shutterstock, chart from TradingView.com 

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  • BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

    Mar 28, 2024 | 09:14 am

    In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing. FTX Founder Sam Bankman-Fried Sentenced Judge Kaplan sternly criticized the defense’s argument, labeling [...] The post BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison appeared first on Crypto Breaking News.

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  • Woof introduces DAMN, a new token in Shibarium

    Mar 28, 2024 | 09:10 am

    Woof, a key figure behind WoofSwap, has introduced DAMN, a new token that is now positioned to spark interest in Sibarium. The token has already gained the tag of being a SOL killer. TVL of $2.45 million has welcomed its introduction, and it has grown by approximately 6.371% over the last month. That is specifically …

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  • Breaking: Sam Bankman-Fried Sentenced to 25 Years in Prison

    Mar 28, 2024 | 09:10 am

    Sam Bankman-Fried, the Co-Founder of the collapsed cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis Kaplan today (Thursday). Bankman-Fried was found guilty of multiple counts of wire fraud and conspiracy that led to the collapse of the crypto exchange and caused billions worth of losses to investors.The long-standing legal tussle culminated in the recent sentencing. Recently, prosecutors in the case sought a staggering 40 to 50 years behind bars for the disgraced crypto entrepreneur. Despite the harsh verdict, Bankman-Fried's defense team has vowed to appeal both the conviction and the sentencing.Judge Orders Forfeiture of $11 BillionAccording to a report by CNN Business, in addition to the prison sentence, Kaplan ordered forfeiture of $11.02 billion. The judge recommended that Bankman-Fried be placed in a lower or medium-security facility that the Bureau of Prisons would find appropriate. Medium-security facilities are characterized by strengthened perimeters and various work programs. During the sentencing, SBF apologized to the victims of the collapsed cryptocurrency exchange. Compared to prominent white-collar fraud cases, SBF's sentence is shorter than Bernard Madoff's 150-year term but longer than Elizabeth Holmes' prison sentence of 11 years behind bars.BREAKING: A judge sentenced Sam Bankman-Fried to 25 years in prison for orchestrating what prosecutors have called one of the biggest financial frauds in American history. https://t.co/kRbXasrxD1 pic.twitter.com/JBIYKXfmQN— ABC News (@ABC) March 28, 2024According to Reuters, Bankman-Fried's journey from MIT to being a prominent figure in the cryptocurrency world seemed nothing short of remarkable. With the founding of the FTX exchange, he quickly became a symbol of innovation and success in the digital asset market. His net worth soared to unprecedented heights, reaching a staggering $26 billion before he turned 30, according to Forbes. Prosecutors alleged that Bankman-Fried had been embezzling funds from FTX's customers for years, leading to the eventual collapse of the exchange in 2022.The Rise and Fall of a Crypto TitanThe fallout from the scandal was immense, with customers losing a total of $8 billion, equity investors losing $1.7 billion, and lenders to Bankman-Fried's hedge fund, Alameda Research, losing $1.3 billion. Despite his claim of innocence and assertions that he had made mistakes but had no intention to defraud anyone, the jury found him guilty on seven counts of fraud and conspiracy.🚨 BREAKING: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLION DOLLAR FTX FRAUD pic.twitter.com/M9HotmBma2— Bitcoin Magazine (@BitcoinMagazine) March 28, 2024Bankman-Fried reportedly expressed regret for the harm caused to FTX's customers and his former colleagues, acknowledging the gravity of his actions. However, throughout the trial, he maintained that he was innocent. He claimed that any error in FTX's management was not a deliberate act of fraud.Recently, Sam Bankman-Fried's attorney, Marc Mukasey, petitioned Kaplan to reduce the sentence of his client. Bankman-Fried's legal team advocated for a prison term ranging from five years and three months to six years and six months. As the cryptocurrency landscape continues to evolve, SBF's downfall is a reminder of the need for integrity in the sector. This article was written by Jared Kirui at www.financemagnates.com.

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  • Breaking News: Sam Bankman-Fried Sentenced to 25 Years Over FTX Bankruptcy

    Mar 28, 2024 | 09:01 am

    The post Breaking News: Sam Bankman-Fried Sentenced to 25 Years Over FTX Bankruptcy appeared first on Coinpedia Fintech News Nearly two years since the FTX cryptocurrency exchange filed for Chapter 11 bankruptcy protection in the United States, the world will finally get to know the punishment that former CEO Sam Bankman-Fried gets today, Thursday, March 28. During the mid-morning New York session, Judge Lewis Kaplan received 1,500 documents, out of which the defense submitted …

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  • Bitget Lists ABBLE (ABBL) Token: The Latest Solana-based Meme Coin

    Mar 28, 2024 | 09:00 am

    Bitget, a prominent cryptocurrency exchange and Web3 firm globally, is elated to announce the listing of ABBLE (ABBL), the newest meme token to join its expanding collection. A memecoin with no practical use, ABBL exemplifies the lively and dynamic character of the cryptocurrency market. When dealing meme tokens, crypto adherents are recommended to proceed cautiously […]

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  • Bitcoin: Here’s how far along we might be in the bull cycle

    Mar 28, 2024 | 09:00 am

    Bitcoin, altcoins, all have their own cycle. However, that may not be the case anymore...

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  • Shiba Inu Team Launches Latest Edition Of The SHIB Magazine

    Mar 28, 2024 | 09:00 am

    The Shiba Inu team has published the 18th edition of The Shib Magazine, featuring DAMN, the newest meme coin integrated into the Shibarium ecosystem. The publication emphasizes the latest developments and updates on the token, accentuating its impressive achievements and performance in the crypto space. Shiba Inu Magazine Unveils The Solana Killer, DAMN On Wednesday, […]

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  • Are Old Bitcoin Whales Selling Or Mitigating Risks Using Spot BTC ETFs?

    Mar 28, 2024 | 09:00 am

    Ki Young Ju, the founder of CryptoQuant, a blockchain analytics firm, has noticed a curious trend. In a post on X, the founder shared a snapshot suggesting that Bitcoin “old whales” might be shifting their holdings to “new whales,” mainly traditional finance heavyweights like Fidelity and BlackRock. The United States Securities and Exchange Commission (SEC) recently approved [...] The post Are Old Bitcoin Whales Selling Or Mitigating Risks Using Spot BTC ETFs? appeared first on Crypto Breaking News.

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  • Everything is an NFT: Richard Boase talks AI and blockchain on CoinGeek Backstage

    Mar 28, 2024 | 09:00 am

    BSV Mint Founder Richard Boase discusses the intersection of the two emerging technologies, including how blockchain preserves privacy in the digital payments world. [...] Read More... The post Everything is an NFT: Richard Boase talks AI and blockchain on CoinGeek Backstage appeared first on CoinGeek.

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  • Bitcoin and Ether Face Volatility as $15B Options Expiry Approaches: BTC Flirts with $70,000 Support

    Mar 28, 2024 | 08:58 am

    As much as $15.2 billion in Bitcoin and Ethereum options is set to expire on March 29. The price of the assets will be impacted by the influence of Spot ETF and halving bound to play a role. The digital currency ecosystem, led by the duo of Bitcoin (BTC) and Ethereum (ETH) is facing liquidity [...]

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  • OKX’s Global Compliance Chief Left After Six Months

    Mar 28, 2024 | 08:56 am

    Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024.Source: CoinDesk The post OKX’s Global Compliance Chief Left After Six Months appeared first on Crypto Breaking News.

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  • Altcoins That Will Make You Millions 🚀 Real 100x Potential

    Mar 28, 2024 | 08:52 am

    The post Altcoins That Will Make You Millions 🚀 Real 100x Potential appeared first on Coinpedia Fintech News Bitcoin’s block reward halving is stirring excitement in the crypto community. Many believe it could trigger a massive surge in value, possibly hitting highs of up to $200,000. Amidst this optimistic forecast, attention is also turning towards alternative cryptocurrencies. Altcoins, with their promise of impressive gains, are drawing investors searching for the next big opportunity …

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  • DeFi Saver Integrates Account Abstraction Leader, Safe to Take the Experience of DeFi Users to the Next Level

    Mar 28, 2024 | 08:52 am

    Adding native support for Safe, smart accounts and multisigs, DeFi Saver significantly enhances the DeFi customers’ Ethereum ecosystem experience. To improve the DeFi user experience, DeFi Saver, one of the top apps for creating, monitoring, and maintaining DeFi positions on Ethereum, has revealed that they have integrated Safe, the leader in account abstraction. This follows […]

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  • Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison

    Mar 28, 2024 | 08:52 am

    On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge Lewis Kaplan said, ” I know the Probation Department […]

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  • Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison

    Mar 28, 2024 | 08:52 am

    On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge Lewis Kaplan said, ” I know the Probation Department [...] The post Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison appeared first on Crypto Breaking News.

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  • 25-Year Prison Sentence for FTX Founder Sam Bankman-Fried

    Mar 28, 2024 | 08:50 am

    The post 25-Year Prison Sentence for FTX Founder Sam Bankman-Fried appeared first on Coinpedia Fintech News A federal judge decided on Thursday that Sam Bankman-Fried must serve 20 years in jail for the fraud and conspiracy that finally brought down his once-dominant cryptocurrency exchange, FTX, according to Reuters. A year after FTX filed for Chapter 11 bankruptcy, in November, Bankman-Fried was found guilty on seven criminal counts. Judge Lewis Kaplan made …

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  • Copper.co has forged a collaboration with Aptos Foundation

    Mar 28, 2024 | 08:50 am

    Copper.co, one of the absolute prime players in the digital asset custodian vertical, has collaborated with Apotos Foundation to advance the growth of incorporated blockchains. The incorporation will bring custody and in-built staking backing for Aptos, a separate L1 blockchain base created for upgradability, security and dependability in a decentralized network and builder ecosystem. Aptos …

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  • Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse

    Mar 28, 2024 | 08:49 am

    FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry.Source: Bloomberg Crypto The post Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse appeared first on Crypto Breaking News.

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  • Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case

    Mar 28, 2024 | 08:47 am

    Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in jail today in a packed courtroom, marking a significant moment in the legal scrutiny of the crypto industry. He will be 57 years old when he is released. The sentencing, as detailed by Inner City Press, comes after a series of legal […] The post Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case appeared first on CryptoSlate.

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  • 1.5 Million People Trade Crypto Daily in Western Europe, Germany Leads

    Mar 28, 2024 | 08:46 am

    While the spotlight often falls on Asia and North America when discussing cryptocurrency adoption, Western Europe has been making significant strides in embracing digital assets. In a recent report, Bitget Research has shed light on European countries' crucial role in the global cryptocurrency market. The region, known for its developed economies and open-minded populace, has emerged as a key player in the crypto industry, with daily trading participants ranging from 1.2 million to 1.5 million.Germany and France Lead the Crypto WayAmong the eight Western European countries studied, Germany and France stand out as the most active hubs for cryptocurrency activities. According to the report, these two nations have seen significant growth in the number of users engaging with digital assets. Western Europe as a whole is the world's second-largest region in terms of crypto adoption.“Observations of traffic to domains of more than 150 centralized cryptocurrency exchanges show that, over the past six months, the total visit volume from Germany and France was 48.17 million and 35.11 million, respectively, with the Netherlands ranking third with 30 million visits,” the Bitget’s report stated.The number of active daily users on centralized cryptocurrency exchanges in Germany was 311,000 in December 2023, marking an improvement of 69% compared to December 2022. In France, there were 145,000 active users, which is an increase of 18% from the previous year. At 70%, the strongest growth was recorded in Austria, where the activity index reached nearly 60,000 investors daily over the year.The growing interest in cryptocurrencies is also evident from the data of the report's author, Bitget Exchange. Its user base has increased to 25 million as of the end of February 2024, having grown by 5 million in just under three months.Regulatory Alignment and Cultural AcceptanceThe report highlighted that the crypto policies in Western European countries generally align with the European Union's stance and the MiCA regulations, maintaining an open attitude towards cryptocurrency regulation while providing a stable and transparent regulatory environment.The report added that on top of Germany, France, and the Netherlands, “Switzerland, Belgium, Austria, Luxembourg, and Liechtenstein have relatively open policies on cryptocurrencies and blockchain technology, offering a stable and transparent regulatory environment.”From a cultural perspective, Western Europeans have remarkably accepted blockchain technology and cryptocurrencies. The region's history of embracing innovation and new ideas has translated into a willingness to explore the potential of digital assets.Chain Preferences and Trading HabitsWestern European users have demonstrated a strong affinity for decentralized projects, showcasing their familiarity with decentralized exchanges (DEXs) and other on-chain tools. The report has revealed that users in this region prefer popular chains and the Solana ecosystem.Regarding trading preferences, spot trading remains the most favored option among Western European users. However, countries like Germany, the Netherlands, and Switzerland have shown a stronger inclination towards futures trading. The report also noted a high level of acceptance for emerging assets, such as non-fungible tokens and meme coins.These instruments have driven the volumes of cryptocurrency exchanges at the beginning of 2024, including in February when trading activity grew for the fifth consecutive month.Centralized Exchanges Dominate, but DEXs Gain TractionCentralized exchanges continue to be the primary choice for cryptocurrency trading in Western Europe, with traffic to these platforms showing a fluctuating upward trend over the past year. This indicates a higher demand among Western European users for centralized exchanges than their decentralized counterparts."In terms of competitive landscape and platform advantages, global centralized exchanges continue to dominate the market with a more diverse and comprehensive range of services," Bitget added.However, the report also highlighted the growing popularity of leading decentralized exchanges across various chains, such as Uniswap and Pancakeswap. Western European users primarily utilize these DEXs and popular wallets like TrustWallet, Metamask, Coinbase Wallet, and Bitget Wallet.As the cryptocurrency industry continues to evolve, Western Europe is poised to remain a driving force, shaping the future of digital assets and blockchain technology. This article was written by Damian Chmiel at www.financemagnates.com.

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  • BEFE Coin’s Momentum: Expert Predicts Upward Trajectory to $0.01

    Mar 28, 2024 | 08:45 am

    BEFE announced a few days back that it will conduct a presale of its tokens […]

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  • Crypto for Advisors: Beyond Bitcoin, Crypto Indices

    Mar 28, 2024 | 08:45 am

    Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.Source: CoinDesk The post Crypto for Advisors: Beyond Bitcoin, Crypto Indices appeared first on Crypto Breaking News.

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  • Polkadot-backed Community Coin, DED Trends on X After Memecoin Snapshot Announcement

    Mar 28, 2024 | 08:44 am

    The community coin #DED, endorsed by Polkadot, reached the top of X’s trending charts, indicating the enthusiasm and involvement of the community in the meme coin. Over 20,000 people are waiting for their airdrop in the $DED telegram channel, demonstrating the newfound interest the project has created in the Polkadot ecosystem. The platform hopes that […]

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  • Degen Chain Launches its Revolutionary Layer-3 Blockchain

    Mar 28, 2024 | 08:42 am

    TL;DR Degen Chain, a new Layer 3 platform, is launched by Syndicate, offering ultra-cheap transactions for the community. It uses technologies like Arbitrum Orbit, Base and AnyTrust, with as its native gas token. Originating in the Farcaster community in January 2024, it has seen rapid growth with over 53,000 holders and 553,000 transactions. The decentralized ... Read more

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  • New Bull Run: Promising Crypto Projects

    Mar 28, 2024 | 08:40 am

    The post New Bull Run: Promising Crypto Projects appeared first on Coinpedia Fintech News The state of an asset market, be it crypto, stocks, bonds, commodities, or any other type of financial market, can always be described as either bullish or bearish. This means prices tend to move upward or downward for an extended period, with occasional deviations. “Buy the dip and sell when the crypto is at its …

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  • Google dives deeper into blockchain adding Bitcoin, EVM chains to ‘rich results’ indexing

    Mar 28, 2024 | 08:37 am

    Reports indicate that Google has expanded its search engine capabilities to include blockchain data from various networks, such as Bitcoin and Ethereum virtual machine networks like Fantom. This integration empowers users to access transaction details by searching for specific blockchain addresses directly within Google’s search engine ‘rich’ results. Last year, Google introduced this feature for […] The post Google dives deeper into blockchain adding Bitcoin, EVM chains to ‘rich results’ indexing appeared first on CryptoSlate.

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  • The Role of CX in Crypto Platforms

    Mar 28, 2024 | 08:33 am

    Once upon a time, in the land of crypto, eager developers toiled away on their creations, crafting intricate systems and complex mechanisms. They were filled with hope that users from all corners of the world and the World Wide Web would soon flock to partake.  However, many a promising technological wonder found itself cold and […]

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  • Maximum Sentence: Judge Suggests Sam Bankman-Fried Could Face 110 Years In Prison

    Mar 28, 2024 | 08:33 am

    In a courtroom drama that has captivated the cryptocurrency world, the sentencing day for Sam Bankman-Fried, co-founder of the now-bankrupt crypto exchange FTX, has arrived. As the hearing unfolded, it became increasingly clear that the fallen crypto mogul could be handed the harshest punishment. Sam Bankman-Fried Found Guilty Of Obstruction And Perjury During the live […]

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  • Vitalik Buterin nods to Shiba Inu as SHIB soars sky-high!

    Mar 28, 2024 | 08:30 am

    Due to the unexpected support of Vitalik Buterin, the renowned developer of the Ethereum platform, Shiba Inu (SHIB) has once again sparked considerable enthusiasm in the cryptocurrency community. Indeed, Buterin acknowledged in public that SHIB’s performance has exceeded his initial expectations. Buterin has expressed his genuine thoughts about SHIB on social media, blaming them on …

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  • ‘Solana is the new Ethereum’ – Here’s why this exec thinks so

    Mar 28, 2024 | 08:30 am

    Does Solana's DEX surge of $13.3 billion challenge Ethereum's popularity?

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  • Dogecoin Leaps in Value, Reaches First $0.22 Peak Since 2021

    Mar 28, 2024 | 08:30 am

    The leading meme token by market value, dogecoin, experienced an 18% increase on Thursday, climbing to $0.22 per coin for its first ascent to this level since 2021. The ‘Dog Father’ Reigns: Dogecoin Soars 43.3% in 7 Days Against the U.S. Dollar The proclaimed ‘Dog Father’ of meme coins, dogecoin (DOGE), has shown a substantial […]

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  • Dogecoin Leaps in Value, Reaches First $0.22 Peak Since 2021

    Mar 28, 2024 | 08:30 am

    The leading meme token by market value, dogecoin, experienced an 18% increase on Thursday, climbing to $0.22 per coin for its first ascent to this level since 2021. The ‘Dog Father’ Reigns: Dogecoin Soars 43.3% in 7 Days Against the U.S. Dollar The proclaimed ‘Dog Father’ of meme coins, dogecoin (DOGE), has shown a substantial [...] The post Dogecoin Leaps in Value, Reaches First $0.22 Peak Since 2021 appeared first on Crypto Breaking News.

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  • Trading Volume for TNQ Token Exceeds $1 Million Since Listing

    Mar 28, 2024 | 08:24 am

    Trinique’s TNQ token has hit a major milestone by breaking $1 million in trading volume since it was just listed on Coinstore. This accomplishment shows that investors are becoming more engaged and interested in TNQ’s product. The token is now more widely accessible and is becoming more well-known in the cryptocurrency community thanks to its […]

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  • Ethereum’s BlobScriptions Debut Causes 10,000% Surge in Transaction Fees

    Mar 28, 2024 | 08:21 am

    TL;DR BlobScriptions on Ethereum are causing a significant increase in gas fees and transaction delays. Users may face problems using BlobScriptions due to high costs and possible delays. The community is alert to the exponential increase in Blob’s base rate and is looking for solutions to mitigate the adverse effects on the network. The recent ... Read more

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  • Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

    Mar 28, 2024 | 08:18 am

    Newport Beach, CA, United States of America, March 28th, 2024, Chainwire How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization USP, an innovative tokenized real estate investment marketplace and platform, is thrilled to announce its official launch on Republic.com/uspc, a leading crowdfunding portal. This move marks a huge milestone for USP, an [...]

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  • Arbitrum teams up with Azuki

    Mar 28, 2024 | 08:15 am

    Arbitrum, which is an Ethereum Layer 2 network, teams up with NFT collection Azuki to introduce Japanese animation series, anime, within the blockchain universe. With the name AnimeChain, the platform aims to leverage Arbitrum’s market capitalization of $4.3 billion, Azuki’s expanding anime ecosystem, rapidity, and extensive application base. With Azuki’s anime productions, video games, and …

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  • Dogwifhat (WIF) outshines Dogecoin and Shiba Inu, 3.5 B tokens Galaxy Fox tokens sold in presale

    Mar 28, 2024 | 08:15 am

    WIF outperforms DOGE and SHIB with over 700% gains in 30 days New meme coin […]

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  • Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

    Mar 28, 2024 | 08:15 am

    Newport Beach, CA, United States of America, March 28th, 2024, Chainwire How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization USP, an innovative tokenized real estate investment marketplace and platform, is thrilled to announce its official launch on Republic.com/uspc, a leading crowdfunding portal. This move marks a huge milestone for USP, an […] The post Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic appeared first on CoinChapter.

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  • Blockchain Technology Meets AI: Fetch.ai, SingularityNET, Ocean Protocol Form Alliance

    Mar 28, 2024 | 08:12 am

    The blockchain technology networks Fetch.ai, SingularityNET, and Ocean Protocol recently merged their projects to create a decentralized form of artificial intelligence (AI). According to a statement by Fetch.ai, this collaboration aims to democratize access to AI technology while ensuring its benefits are equitably distributed. Embracing Decentralization in AINamed Superintelligence Alliance, the partnership is driven by a shared vision of harnessing the potential of AI for the benefit of humanity. Fetch.ai, SingularityNET, and Ocean Protocol plan to merge their tokens into a single currency dubbed Artificial Superintelligence (ASI). The trio has highlighted the need for decentralized control to prevent AI from being monopolized by a few entities.We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5— SingularityNET (@SingularityNET) March 27, 2024ASI will be a universal AI token that aims to streamline transactions within the alliance's ecosystem and facilitate collaboration among developers, researchers, and users. With a combined value of $7.5 billion, the alliance aims to position itself as a formidable player in the AI industry. Fetch.ai, SingularityNET, and Ocean Protocol seek to create a decentralized ecosystem where the development of AI is open, transparent, and inclusive by merging their resources and expertise. Dr. Ben Goertzel, known as the "Father of AGI," leads SingularityNET, while Humayun Sheikh and Trent McConaghy spearhead Fetch.ai and Ocean Protocol, respectively.Artificial SuperintelligenceTo ensure effective governance, the alliance will establish a governing council comprising leaders from Fetch.ai, SingularityNET, and Ocean Protocol. Community input will be solicited, with governance proposals subject to approval by a majority of the leaders. Last year, blockchain technology and the AI sector experienced unprecedented growth. According to a report by Finance Magnates, the convergence of AI and blockchain technology promises to revolutionize user experiences and reshape the landscape of crypto and Web 3. The fusion of AI and blockchain enhances the personalization and optimization of crypto and Web 3.User-centric design is crucial for bridging the gap between users and technology in this sector. Platforms like Audius prioritize user experience, allowing interaction with crypto technology for music and art enthusiasts. By focusing on user needs and behaviors, user-centric design enhances accessibility and adoption of this technology. This article was written by Jared Kirui at www.financemagnates.com.

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  • Bitget Announces Listing of ABBLE (ABBL): The Latest Meme Token on Solana

    Mar 28, 2024 | 08:05 am

    Victoria, Seychelles, March 28th, 2024, Chainwire Bitget, a world leading cryptocurrency exchange and Web3 company, is pleased to announce the listing of ABBLE (ABBL), the newest addition to its growing portfolio of meme tokens. ABBL, a memecoin with no utility, reflects the dynamic and vibrant nature of the cryptocurrency market. Investors are advised to exercise […] The post Bitget Announces Listing of ABBLE (ABBL): The Latest Meme Token on Solana appeared first on CoinJournal.

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  • Bitcoin ETFs Bounce Back, Attracting $418 Million in Net Inflows

    Mar 28, 2024 | 08:02 am

    After a brief period of investor jitters, the U.S. spot Bitcoin ETF (exchange-trade­d fund) market seems to be re­gaining stability. According to the HODL15Capital, the te­n newly launched spot Bitcoin ETFs witnesse­d a combined $418 million net inflow on March 26th. This signifies a major turnaround from the­ preceding five conse­cutive days of net outflows. […]

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  • BlockDAG’s $9.3m hit gathers momentum after high-profile keynote video beats Ethereum and Stacks gains

    Mar 28, 2024 | 08:00 am

    The crypto community’s enthusiasm over the anticipated approval of an Ethereum-based ETF has significantly diminished following the Securities and Exchange Commission’s (SEC) deeper investigation into the Ethereum Foundation. Despite worries about Ethereum potentially being classified as a security, the price of Ether has maintained its strength, positively influencing the market, including numerous altcoins. Notably, STX’s …

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  • Can Dogecoin (DOGE) hit $1? Analysts believe this new 1000x AI token will be first

    Mar 28, 2024 | 08:00 am

    The cryptocurrency sphere is a buzz with speculation and anticipation as investors and enthusiasts alike ponder the potential for Dogecoin (DOGE) to reach the elusive $1 mark. This milestone has been a topic of considerable debate, driven by the coin’s significant popularity and the backing of high-profile individuals like Elon Musk. However, amidst this ongoing …

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  • Can Shiba Inu Delete Another Zero During This Pump? SHIB Holders Explore New 100X Token

    Mar 28, 2024 | 08:00 am

    The fervor around Shiba Inu (SHIB) has once again reached a fever pitch, with enthusiasts […]

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  • Crypto Crackdown: US, UK Zero In On Hamas Funds In Gaza

    Mar 28, 2024 | 08:00 am

    In a synchronized move aimed at disrupting the financial infrastructure backing Hamas, the United States and the United Kingdom have taken decisive action by imposing sanctions on Gaza Now, an internet-based media platform allegedly involved in financing the militant group. The focal point of these sanctions is directed towards Mustafa Ayash, the mastermind behind Gaza […]

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  • The Bulls Are Back: Spot Bitcoin Inflows Surge With New Records

    Mar 28, 2024 | 08:00 am

    Bitcoin bulls look to be firmly back in the driver’s seat following weeks of seeing BTC suffer a bearish sentiment with its price dips. The current bullish outlook for the flagship crypto is evident in the fact that the Spot Bitcoin ETFs are again recording an impressive amount of inflows.  Spot Bitcoin ETFs Record $243 [...] The post The Bulls Are Back: Spot Bitcoin Inflows Surge With New Records appeared first on Crypto Breaking News.

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  • Bitget Announces Listing of ABBLE (ABBL): The Latest Meme Token on Solana

    Mar 28, 2024 | 07:57 am

    Victoria, Seychelles, March 28th, 2024, Chainwire Bitget, a world leading cryptocurrency exchange and Web3 company, is pleased to announce the listing of ABBLE (ABBL), the newest addition to its growing portfolio of meme tokens. ABBL, a memecoin with no utility, reflects the dynamic and vibrant nature of the cryptocurrency market. Investors are advised to exercise [...]

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  • Bankman-Fried Tells Judge He’s ‘Sorry About What Happened’

    Mar 28, 2024 | 07:55 am

    FTX co-founder Sam Bankman-Fried told the federal judge about to sentence him in his fraud case that he was “sorry.”Source: Bloomberg Crypto The post Bankman-Fried Tells Judge He’s ‘Sorry About What Happened’ appeared first on Crypto Breaking News.

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  • ARK 21Shares Bitcoin ETF Surges with Record $200M Daily Inflows Amid Bitcoin Price Volatility

    Mar 28, 2024 | 07:52 am

    TL;DR Record Inflows for ARKB: The ARK 21Shares Bitcoin ETF, co-sponsored by ARK Invest, experienced a surge in daily inflows, reaching over $200 million despite Bitcoin’s price volatility. Growing Crypto ETF Popularity: ARKB’s success, along with BlackRock’s IBIT and Fidelity’s FBTC, indicates a rising interest in Bitcoin ETFs among investors, even as the cryptocurrency market ... Read more

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  • Bitcoin: Divergence, Whales, and Halving hype fuel price rise

    Mar 28, 2024 | 07:52 am

    Bitcoin is rallying above $70,000 at the time of writing this article. The trading community and crypto enthusiasts have primarily invested in boosting Bitcoin without relying on equities or other sectors. However, there is a slight change in that behavior, which is evident from the fact that the bullish divergence analysts see in the picture …

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  • Bitcoin & Public Health: Addressing the Debt-Money Crises

    Mar 28, 2024 | 07:51 am

    In December, I had the privilege of attending the Africa Bitcoin Conference (ABC) in Accra, Ghana. As a public health professor with a background in health education and community health, this may seem like an odd conference to attend, but this trip was pivotal for me as it brought me to my father’s birth country [...] The post Bitcoin & Public Health: Addressing the Debt-Money Crises appeared first on Crypto Breaking News.

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  • BlackRock’s BUIDL Fund Attracts $245M: Tokenized Treasury Market Eyes $1B Amid Growing Interest

    Mar 28, 2024 | 07:47 am

    The newly launched BUIDL, a BlackRock tokenized fund, is attracting large investors, with more than $245 million flowing into the fund. Analysts believe that this fund will soon reach $1 billion, propelling Ethereum, Polygon, Solana, and other blockchains. BlackRock’s newly launched tokenized asset fund, BUIDL, is recording massive inflows, with recent data showing that over [...]

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  • Dogwifhat (WIF) and SLERF lead the way as NuggetRush sells 250 M tokens

    Mar 28, 2024 | 07:45 am

    WIF pumped 13% today, trading around $3.21 and closing in on its ATH of $3.44 […]

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  • Ethena Labs announces 750 million ENA airdrop for its community

    Mar 28, 2024 | 07:35 am

    Ethena Labs has announced that the ENA airdrop is set for April 2, with trading on exchanges also open. Eligible Shard Campaign participants will be airdropped tokens amounting to 750 million, or 5% of ENA supply. Ethena Labs is set to mark the next step in its decentralization with one of the biggest airdrops in […] The post Ethena Labs announces 750 million ENA airdrop for its community appeared first on CoinJournal.

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  • Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala

    Mar 28, 2024 | 07:30 am

    A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-30 altcoin by market cap. The trader pseudonymously known as Altcoin Sherpa tells his 212,600 followers on the social media platform X that Internet Computer (ICP), a blockchain project whose aim is to replicate the internet’s speed, power and scale on decentralized […] The post Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala appeared first on The Daily Hodl.

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  • Fidelity Investments goes ahead with the spot Ether ETF proposal

    Mar 28, 2024 | 07:30 am

    Despite all the negativity surrounding applications for spot Ether ETF, Fidelity Investments has decided to continue pursuing its plans. There seems to be total clarity on the fact that the company intends to release an ETH ETF in November, when Cboe, the exchange where the product will be traded, filed a 19b-4 form on the …

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  • Pepecoin (PEPE) rival gains Ethereum & PEPE investor support here’s why

    Mar 28, 2024 | 07:30 am

    A new contender has emerged to challenge the status quo, capturing the imagination of both Ethereum (ETH) and Pepecoin (PEPE) investors. This rival, subtly hinted to be Shiba Budz (BUDZ), stands at the precipice of an exciting evolution in the digital currency space, drawing support from unexpected quarters. Let’s unravel the narrative behind this burgeoning …

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  • Bitcoin Cash Prepares for Halving: BCH Price Spikes 16% Ahead of April 4 Event

    Mar 28, 2024 | 07:17 am

    As Bitcoin Cash’s halving event on approaches April 4, Bitcoin Cash (BCH) has gained significant momentum, with an 85% surge on the monthly chart. The impending halving, which will reduce the block reward from 6.25 BCH to 3.125 BCH, has spurred bullish sentiment. Bitcoin blockchain’s first hardforked version Bitcoin Cash (BCH) has witnessed a strong [...]

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  • JizzLord Memecoin’s Rapid Rise Following Pre-Sale Success

    Mar 28, 2024 | 07:15 am

     The Solana memecoin world is buzzing yet again. This time around, with the debut of […]

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  • Atlas Navi’s Drive2Earn 2.0 offers big discounts on petrol prices

    Mar 28, 2024 | 07:10 am

    Bucharest, Romania, 28 March 2024: Atlas Navi, a trailblazer in AI-powered navigation, has unveiled Drive2Earn 2.0 — enhancing rewards for drivers as it sets its sights on overtaking Tesla as a market leader in capturing and analyzing vast quantities of data from dashcams. The app, which has now been downloaded more than 700,000 times worldwide, […] The post Atlas Navi’s Drive2Earn 2.0 offers big discounts on petrol prices appeared first on CryptoSlate.

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  • Breakdown of four phases of the Bitcoin Halving cycle

    Mar 28, 2024 | 07:10 am

    With Bitcoin Halving slated to happen in April 2024, there is speculation about how things will roll out for Bitcoin or BTC prices in the market. Most of it is based on how the prices have been pushed to an ATH when Halving happened 3 times before. Analysts have now broken down the entire segment …

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  • Prisma Finance Suffers $10 Million Exploit: Cybersecurity Alert Raises Concerns

    Mar 28, 2024 | 07:07 am

    TL;DR Prisma Finance suffered an exploit on March 28, resulting in an initial loss of around $10 million in cryptocurrencies. Cyvers, an on-chain security alert provider, detected the incident and alerted about multiple suspicious transactions. The protocol’s engineering team announced a thorough investigation and paused the protocol to address the security issue and protect user ... Read more

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  • Bonsai3 Platform Unveils Innovative Upgrade To Enable Seamless Web3 and AI Development 

    Mar 28, 2024 | 07:05 am

    In a bid to give Web3 developers a chance to focus on community growth and market expansion, the Bonsai3 protocol has been working on the proper tools needed to create world-class DeFi projects. Bonsai3 Morphs to Accommodate Emerging Web3 Features Bonsai3 protocol, a no-code platform that simplifies the adoption of

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  • Investors Flee Potential Downtrend On Ethereum Amid SEC Scrutiny To Chase High Returns On Milei Moneda

    Mar 28, 2024 | 07:00 am

    Investors are preparing for a bullish period for Ethereum. A potential pump brings investors to Milei Moneda. The US Securities and Exchange Commission takes interest in Ethereum (ETH) as the deadline for the approval of eight Ethereum ETF applications looms near. Meanwhile, Milei Moneda’s ($MEDA) presale attracts investors with the possibility of huge gains.  How [...]

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  • Solana’s Future Clouded By Coinbase-SEC Ruling, Says Crypto Lawyer

    Mar 28, 2024 | 07:00 am

    On Wednesday, the future of Solana may have been clouded by United States Southern District of New York’s Judge Katherine Polk Failla with her decision against Coinbase’s motion to dismiss. The ruling enables the Securities and Exchange Commission (SEC) to advance its case against the crypto exchange giant. The case centers on allegations that Coinbase […]

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  • UK Cracks Down on Crypto Memes to Combat Influencer Scams

    Mar 28, 2024 | 07:00 am

    The Financial Conduct Authority (FCA), the UK’s financial watchdog, has issued new guidelines targeting social media influencers, or “finfluencers,” who use memes to promote cryptocurrencies and other investments. This move aims to tackle a concerning rise in scams perpetrated through these lighthearted online messages. Lucy Castledine, director of consumer investments at the FCA, highlights this […]

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  • Dogecoin (DOGE) Investors Double DOGE Profits in New Cryptocurrency

    Mar 28, 2024 | 07:00 am

    In the vibrant world of cryptocurrency, where innovation and community sentiment reign supreme, Dogecoin (DOGE) investors are setting their sights on a new horizon. Shiba Budz (BUDZ) has emerged as a promising new cryptocurrency, captivating the attention of the Dogecoin (DOGE) community. With its strategic positioning and unique appeal, Shiba

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  • KuCoin’s ‘safe’ bet: Will an airdrop shift user PoV? 

    Mar 28, 2024 | 07:00 am

    Can a $10 million airdrop change the trajectory of KuCoin's ongoing legal battle?

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  • Masa Network Integrates LayerZero for Cross-chain AI Data Network Boost

    Mar 28, 2024 | 07:00 am

    The world’s leading decentralized personal data network, Masa Network, has announced that it has integrated with LayerZero, an interoperability protocol that lets developers create omnichain experiences, tokens, and apps by smoothly connecting blockchains. Communication between Ethereum and Binance Smart Chain and the Masa Data Network, which will be released on

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  • VeChain’s Growing Adoption Triggers Optimism: VET Price Targets 100% Increase

    Mar 28, 2024 | 06:59 am

    VeChain has been tipped for a 100% explosive run that could see the asset breaching its all-time high of $0.2.  Another analyst has observed the formation of a cloning pattern, putting VET in line to hit $1.6.  The groundbreaking initiatives of VeChain (VET) unlocking new use cases across a variety of fields could spearhead an [...]

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  • Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000%

    Mar 28, 2024 | 06:57 am

    Ethereum’s blobs transaction fees witnessed an unprecedented surge yesterday with the debut of “BlobScriptions.” Blobs represent a novel transaction type that alleviates layer-2 fees on the Ethereum network and was introduced through the Dencun upgrade. Since its inception, the minimum gas price for a Blob to secure inclusion in an Ethereum block has stood at […] The post Ethereum L2s face bottlenecks as ‘BlobScriptions’ drive fees up by over 10,000% appeared first on CryptoSlate.

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  • AlphaGuilty Emerges as Qappi:A New Chapter Begins

    Mar 28, 2024 | 06:54 am

    AlphaGuilty, a pioneering tech entity based in Lisbon, is thrilled to announce its transformation to Qappi, marking a significant milestone in its journey. This rebranding strategy reflects the company’s evolution and its commitment to harnessing cutting-edge technology to deliver unparalleled solutions. Qappi, derived from its innovative quest in the tech

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  • BlackRock CEO Expresses Strong Optimism for Bitcoin as Its ETF Surpasses $17B

    Mar 28, 2024 | 06:50 am

    Larry Fink, CEO of BlackRock, expressed his surprise at the success of the firm's spot Bitcoin (BTC) exchange-traded fund (ETF) and reaffirmed his strong optimism about Bitcoin's long-term prospects. The post BlackRock CEO Expresses Strong Optimism for Bitcoin as Its ETF Surpasses $17B appeared first on CoinChapter.

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  • Strike introduces a newly crafted limits experience for Bitcoin

    Mar 28, 2024 | 06:50 am

    Strike has updated the limit for sending and withdrawing Bitcoin tokens. Previously, Strike set a limit on the amount users could transact either weekly or daily. However, the redesigned mechanism enables them to execute the transactions seamlessly without any limit. The objective here for Strike is to make sure that users remain in control of …

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  • Dogecoin co-founder envisions Bitcoin at $1 Million & Shiba Inu advocates pivot to RebelSatoshi

    Mar 28, 2024 | 06:45 am

    The world of cryptocurrency continues to be a rollercoaster ride, with established players like Bitcoin […]

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  • Big Time Generates over $100M in Revenue since Preseason

    Mar 28, 2024 | 06:40 am

    Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compelling experiences […] The post Big Time Generates over $100M in Revenue since Preseason appeared first on CoinJournal.

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  • BlackRock’s Tokenized Fund BUIDL Sees Big Inflows, Ondo Finance Transfers $95 Million in Assets

    Mar 28, 2024 | 06:38 am

    TL;DR BlackRock’s BUIDL Fund Success: BlackRock’s first tokenized fund, BUIDL, attracts $160 million in its first week, with a notable $95 million transfer from Ondo Finance. Blockchain’s Financial Transformation: The partnership between BlackRock and Ondo Finance with the BUIDL fund highlights the potential of blockchain technology to revolutionize finance through instant settlements and 24/7 trading. ... Read more

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  • Bybit Launches Crypto Trading Platform in the Netherlands in Collaboration with SATOS

    Mar 28, 2024 | 06:37 am

    The cryptocurrency exchange Bybit has launched a regulated digital asset platform in the Netherlands. According to the firm, this step, in partnership with SATOS, aims to give Dutch users access to the exchange's Web 3 features. Dubbed Bybit.nl, the new platform offers trading tools, education resources, and a range of financial products. Access to Trading ToolsBen Zhou, the Co-Founder and CEO of Bybit, mentioned: "We are thrilled to launch our regulated digital asset platform in the Netherlands, furthering our commitment to serving users while upholding regulatory compliance. Through our partnership with SATOS, we aim to provide Dutch users with a secure and seamless trading experience, backed by industry-leading security measures and unparalleled support."Bybit aims to engage with the Dutch crypto community, providing localized assistance and fostering collaboration through various initiatives. This approach aims to cultivate an inclusive trading environment for Dutch users.Through Bybit's partnership with SATOS, Dutch users can access Web 3 features, including the exchange's Web 3 Wallet and Airdrop Arcade. The crypto exchange mentioned that these features expand the scope of crypto trading possibilities in the region.🌍 Our Dutch Bybit community, powered by @SATOS_EU, has hit 1000+ members! 🚀 @BybitxSatosJoin now for exclusive campaigns and amazing prizes! 😎 Become a part of our family: https://t.co/4lZVPynnJ2Get 10 $USDT when you register now: https://t.co/3Vs5fsKxjX pic.twitter.com/gzXEGqMo9y— Bybit (@Bybit_Official) January 29, 2024Security and ReliabilityBybit and SATOS facilitate fiat deposits and withdrawals, with over 300 trading pairs available to Dutch users. SATOS is a crypto service provider regulated by the Dutch National Bank.Recently, Bybit ventured into the European market by opening a new office in the Netherlands. The crypto exchange, which established its global headquarters in Dubai less than a year ago, is growing its operations in Europe. Bybit's alliance with SATOS, formed in June 2023, has paved the way for its sustained presence in the Netherlands despite evolving regulatory frameworks.The company's foray into Europe marked yet another milestone in its journey of global expansion. Following its decision to relocate its global headquarters to Dubai in April 2023, Bybit has been actively exploring new markets and opportunities. This article was written by Jared Kirui at www.financemagnates.com.

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  • Insider Insights: Expert Claims Bitgert Coin Poised To Hit $0.00001 Mark

    Mar 28, 2024 | 06:32 am

    Recently, the US District Judge rejected Coinbase’s motion to dismiss, thereby allowing the SEC to proceed with its lawsuit. The lawsuit alleges that Coinbase’s Staking Program operates without the necessary registration. While the court partially favored Coinbase regarding the SEC’s allegations concerning its Wallet, this ruling is significant amidst increasing

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  • Big Time Generates over $100M in Revenue since Preseason

    Mar 28, 2024 | 06:31 am

    Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming

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  • Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

    Mar 28, 2024 | 06:30 am

    The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the […]

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  • TruFin partners with Laser Digital to launch institutional-focused Polygon Adoption Fund

    Mar 28, 2024 | 06:26 am

    Nomura’s digital asset subsidiary, Laser Digital, is partnering with WebN-incubated blockchain technology TruFin to start a new business. By launching the Laser Digital Polygon Adoption Fund (“Fund”), this effort uses Polygon’s Aggregation Layer (AggLayer) to convert the network’s liquidity potential in the digital economy into an investment opportunity in the analog sector. One of the …

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  • US Court Shames SEC’s Gary Gensler Over His Coinbase Witchhunt

    Mar 28, 2024 | 06:23 am

    A U.S. district judge has delivered a mixed ruling in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Coinbase. The judge denied Coinbase's bid to dismiss the SEC's lawsuit regarding its crypto staking offering. However, she sided with Coinbase on a key aspect of the case – the Coinbase Wallet. The post US Court Shames SEC’s Gary Gensler Over His Coinbase Witchhunt appeared first on CoinChapter.

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  • Ethereum ETF Is Possible Even if ETH Is a Security, Says BlackRock CEO

    Mar 28, 2024 | 06:15 am

    TL;DR Larry Fink, CEO of BlackRock, is confident in the possibility of launching an Ethereum ETF, even if the U.S. Securities and Exchange Commission (SEC) classifies ETH as a security. BlackRock and seven other potential issuers have submitted their applications to the SEC and await regulatory resolutions. The success of BlackRock’s iShares Bitcoin Fund (IBIT) ... Read more

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  • CZOLANA Launches CZOL TRENDING, an Innovative Trending Bot for Solana Tokens To Gain Exposure

    Mar 28, 2024 | 06:06 am

    In the rapidly expanding realm of cryptocurrency, CZOL Trending Bot emerges as a game-changer, offering a cost-effective solution for Solana token projects seeking to amplify their presence and engage with the community. Developed by the talented CZOLANA Team, CZOL Trending Bot is poised to disrupt the market with its competitive

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  • Play AI intends to develop an L2 together with Polygon CDK

    Mar 28, 2024 | 06:05 am

    Play AI has intentions of developing an L2 with Polygon CDK. The code base will be used to deliver an initial modular chain to speed up AI enhancement in the gaming space. The ever-changing face of gaming in AI requires a technological base that helps cross obstacles with intelligent gaming and backs the increased personalized …

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  • Toncoin And Stacks Holders Reap Robust Gains While Rebel Satoshi’s New Presale Establishes Solid Market Presence

    Mar 28, 2024 | 06:00 am

    Toncoin (TON) and Stacks (STX) holders are enjoying substantial gains following the latest price rallies. Meanwhile, $RECQ, the utility token of Rebel Satoshi, has established a solid market presence with an impressive presale launch. Here, we discuss the latest performances of TON, STX, and $RECQ to pick the best crypto to invest in! Experts Have […] The post Toncoin And Stacks Holders Reap Robust Gains While Rebel Satoshi’s New Presale Establishes Solid Market Presence appeared first on CoinChapter.

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  • Shiba Inu vs Ethereum: Twitterverse Explodes

    Mar 28, 2024 | 06:00 am

    Ethereum co-founder Vitalik Buterin heaped praise on Shiba Inu for exceeding all expectations. Lead developer Shytoshi Kusama, too, joined the banter, sparking discussions within the crypto community. Buterin recounted his experience of sending a substantial amount of SHIB tokens with the expectation of a dramatic drop. However, he admitted SHIB “massively outperformed his expectations. Kusama’s […]

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  • Bitcoin: New ATH before halving? Traders are betting on $77,000 because…

    Mar 28, 2024 | 06:00 am

    All-time highs for gold and the S&P 500 are among the reasons driving BTC's sentiment.

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  • SUI and Toncoin Are on Track for New All-Time Highs While Investors Take Dormant Positions in $RECQ Presale for a Possible 50x

    Mar 28, 2024 | 06:00 am

    SUI bulls expect surges above the $2.30 range. TON is poised to continue its bullish trend. $RECQ holders are looking at fantastic 525% gains. Crypto enthusiasts suggest Sui (SUI) and Toncoin (TON) as the best altcoins to buy today based on their outstanding future potential. Meanwhile, many experienced investors have decided to embrace Rebel Satoshi’s [...]

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  • Diamond Standard allows diamond investing with Oasis Pro and Avalanche

    Mar 28, 2024 | 05:45 am

    The asset-backed coin issued by Diamond Standard Commodities grants investors adequate access to an estimated $1.2T in natural resources via the Diamond Standard Fund. This coin represents an asset class that is accessible to diamonds, catering to exceptionally qualified investors, including pension funds and endowments, who have historically been unable to possess the commodities directly. …

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  • Ethena Protocol Introduces ENA Token for Sustainable Strategies and Shard Campaign

    Mar 28, 2024 | 05:36 am

    TL;DR Ethena Protocol has launched its new token, ENA, with the aim of strengthening its position. The USDe supply from Ethena has surpassed the $1 billion mark, highlighting the growth and strength of the protocol. They have announced the second season of their Sats Campaign, in line with their goal of integrating Bitcoin as a ... Read more

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  • Ethereum Staked Surges to $114B as Network Hits 1M Validators. But Why Might this be a Problem?

    Mar 28, 2024 | 05:33 am

    TL;DR Milestone Achieved: The Ethereum network hits one million validators with 32 million ETH staked, valued at approximately $114 billion, marking a significant growth in network participation. Rising Concerns: The validator surge sparks debate within the community about potential issues such as transaction failures and the risk of centralization, particularly with staking pools like Lido holding a ... Read more

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  • FTX’s Sam Bankman-Fried To Be Sentenced Today: Here’s What To Expect

    Mar 28, 2024 | 05:30 am

    The long-awaited sentencing of Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, is set to take place on March 28. SBF faces the possibility of spending up to 100 years in prison or as little as five years if Judge Lewis Kaplan somehow gives in to the demands of the defendant’s […]

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  • Bitcoin Cash Rallies Ahead of Upcoming Halving and Upgrade

    Mar 28, 2024 | 05:30 am

    The Bitcoin Cash network stands on the brink of its forthcoming halving event, set to take place a week from now. This milestone will see mining rewards on the network notably reduced from their current levels. Currently, Bitcoin Cash ranks as the 15th largest by market capitalization among over 10,000 cryptocurrencies, having risen 91% against […]

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  • Web3Labs announces a partnership with DFINITY Foundation

    Mar 28, 2024 | 05:22 am

    Web3Labs has announced a strategic partnership with the DFINITY Foundation. The objective of entering into this collaboration is to boost the blend of artificial intelligence, that is, AI and Web3. DFINITY Foundation brings to the table an investment worth $20 million via the ICP Asia Alliance. Web3Labs looks forward to serving as a key player, …

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  • BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT)

    Mar 28, 2024 | 05:08 am

    BlackRock CEO Larry Fink believes a spot Ethereum ETF is possible even if SEC designates ETH a security. Markets are upbeat amid this outlook despite current weakness. Meanwhile, investors eyeing new gems have identified new token Algotech (ALGT). BlackRock CEO Larry Fink has noted his bullish stance on Bitcoin, with the global asset management behemoth […] The post BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT) appeared first on CoinJournal.

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  • BlackRock’s Larry Fink: Ethereum ETF Feasibility Unaffected by Security Designation

    Mar 28, 2024 | 05:01 am

    BlackRock’s CEO Larry Fink expressed confidence in the feasibility of an Ethereum ETF, even if ether is designated as a security. Despite regulatory uncertainties and the SEC’s cautious stance, the market optimism for Ethereum ETFs remains high. Recently, CNF reported that BlackRock, a leading asset manager, anticipates the SEC’s approval for an Ethereum ETF, buoyed [...]

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  • Overlays will provide a service layer for information in the Teranode era

    Mar 28, 2024 | 05:00 am

    Overlays are a way to create a shared context by maintaining a subset of transactions, and allowing users to read data from chain using SPV. They also provide a framework for the monetisation of distributed systems presenting new economic opportunities for service providers. [...] Read More... The post Overlays will provide a service layer for information in the Teranode era appeared first on CoinGeek.

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  • BlockDAG leads the presale race: $9.9 million and 5.4 billion coins ahead of Theta and LEO

    Mar 28, 2024 | 05:00 am

    Theta Network and UNUS SED LEO (LEO) have undeniably made their mark in a landscape buzzing with innovative blockchain projects. However, BlockDAG emerges as a standout contender amidst this competition, capturing attention with its remarkable success in presale rounds.  With $9.9 million raised and over 5.4 Billion coins sold, BlockDAG signals robust investor confidence and …

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  • Price Predictions For Uniswap And INJ: $ROE Is The Perfect Intersection Of DeFi And AI As Presale Investors Scoop More Tokens

    Mar 28, 2024 | 05:00 am

    What will the price of Uniswap (UNI) and Injective (INJ) be in 2024? After short dips, these altcoins are ready for a good rally. In addition, Borroe Finance ($ROE) is also attracting investors with its fusion of AI and DeFi. Let’s learn more about these top DeFi coins– UNI, INJ, and $ROE. Will Uniswap Trade [...]

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  • Cardano’s Charles Hoskinson Stands Firm: Defends ADA and Ripple Amid Forbes Controversy

    Mar 28, 2024 | 04:59 am

    Charles Hoskinson has defended Cardano and half a dozen other blockchain networks, including Tezos, Stellar, and XRPL, after a scathing article by Forbes on ‘crypto zombies.’ Forbes tore into over 20 crypto networks with a market cap worth over a billion dollars but few developers, users and applications and lack substantial use in the real [...]

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  • Litecoin ETF Hype Hits the Market

    Mar 28, 2024 | 04:52 am

    Litecoin’s resurgence has sparked fresh enthusiasm as rumors of potential ETF approval swirl across the crypto space. Adding weight to the speculation are LTC’s functional similarities to Bitcoin, which might pave the way for smoother regulatory approval than Ethereum. Recent developments concerning LTC have steered institutional sentiment toward the token. Just a week ago, Coinbase […]

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  • Ark’s Bitcoin ETF witnesses record-breaking inflow day

    Mar 28, 2024 | 04:50 am

    Quick Take Bitcoin (BTC) ETFs witnessed net inflows on March 27, totaling a solid $243.4 million, equivalent to 3,534.7 BTC. Leading the charge was BlackRock’s IBIT, which recorded a net inflow of $323.8 million, or 4,701.5 BTC, bringing its total net inflow to an impressive $13,862.7 billion, equivalent to 250,787 BTC. This is the largest […] The post Ark’s Bitcoin ETF witnesses record-breaking inflow day appeared first on CryptoSlate.

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  • Bitwise CIO Matt Hougan Says Inflows Into Spot Bitcoin ETFs Will Continue for Years – Here’s Why

    Mar 28, 2024 | 04:45 am

    The chief investment officer of crypto fund manager Bitwise believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) will receive inflows for years to come. Bitwise CIO Matt Hougan tells his 40,700 followers on the social media platform X that there remains a large pool of clients who have yet to invest in BTC ETFs but […] The post Bitwise CIO Matt Hougan Says Inflows Into Spot Bitcoin ETFs Will Continue for Years – Here’s Why appeared first on The Daily Hodl.

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  • KuCoin Announces $10 Million Bitcoin and KCS Airdrop Amid US Legal Battle: What’s Behind the Move?

    Mar 28, 2024 | 04:40 am

    TL;DR KuCoin announces a $10 million airdrop in Bitcoin and KCS tokens. The SEC has recently suggested that airdrops could be considered a distribution of securities. The value of the native KCS token plummeted by 17% following the accusations. The exchange KuCoin has announced a $10 million airdrop in Bitcoin and KuCoin tokens (KCS) as ... Read more

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  • IOTA in Real Estate: Leveraging DLT for Construction and Development

    Mar 28, 2024 | 04:38 am

    IOTA’s distributed ledger technology (DLT) combined with real-world asset (RWA) tokenization presents a promising avenue for revolutionizing the real estate industry. Through the utilization of IOTA’s DLT, the real estate sector can also potentially overcome hurdles related to material procurement, quality assurance, etc. The IOTA blockchain network has been at the forefront of solving several [...]

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  • Crypto Exec Reveals Why Meme Coins Are The Next ‘Trojan Horse’ For Crypto Adoption

    Mar 28, 2024 | 04:30 am

    Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space.  Why Meme Coins Are Crypto’s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and potential benefits of meme coins in driving adoption within the crypto space.  Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination According to Bus, meme coins have become an integral part of the crypto market and are evolving towards potentially establishing themselves as a distinct asset class. The Messari executive has described these humor themed coins as a “Trojan horse” which could potentially facilitate the entry of new users into the realm of cryptocurrency, effectively boosting adoption. During her speech, Bus disclosed that the introduction of these coins has successfully attracted the attention of both crypto and non-crypto enthusiasts. This is seen in the cryptocurrency’s ability to capture the attention of investors, utilizing its meme-based marketing strategies to fuel engagement while also providing opportunities for massive profitability due to its speculative nature.  Bus believes that meme coins could be likened to a long tail speculative service like lottery tickets which attract investors seeking high risk, high reward opportunities. Additionally, owing to their relatively low price value, they cater to individuals across various income brackets, who are willing to take speculative bets in the hopes of securing significant returns.  Moreover, according to the Messari executive, meme coins serve as a gateway for newcomers to the Web3 space, exposing them to fundamental crypto concepts like decentralization.   The Growing Allure In Crypto Space Lately, the rise in interest in meme coins has been growing at an exceptional rate, attracting both investors and traders from all over the world. This surge in interest has propelled meme coins in the spotlight, pushing their prices to unprecedented highs.  Related Reading: The Road To $100,000: Bitcoin Whale Accumulation Explodes Unlike traditional cryptocurrencies, which are backed by underlying projects and practical use cases, meme coins derive their value largely from their community and speculative appeal. Additionally, these cryptocurrencies offer a more approachable entry point into the realm of crypto investments, utilizing their affordability and susceptibility to social media trends and user sentiments to attract seasoned investors and newcomers alike.  Total market cap at $2.5 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Finbold, chart from Tradingview.com

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  • Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion

    Mar 28, 2024 | 04:30 am

    Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders Continue The cryptocurrency mining firm Bitdeer Technologies Group is reportedly seeking […]

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  • DePIN protocol peaq gears up for mainnet launch as token offering ‘closing in by the day’

    Mar 28, 2024 | 04:25 am

    Leonard Dorlochter, the co-founder of peaq, revealed that the layer-1 blockchain focused on decentralized physical infrastructure networks (DePINs) and Machine RWAs is gearing up for its mainnet launch and token offering in an exclusive statement to CryptoSlate. “The mainnet launch will be a historic milestone for the project, the culmination of years’ worth of research […] The post DePIN protocol peaq gears up for mainnet launch as token offering ‘closing in by the day’ appeared first on CryptoSlate.

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  • XRP ETF Likely to Beat Ethereum in Approval Race: Valkyrie Funds CIO

    Mar 28, 2024 | 04:23 am

    XRP and Litecoin ETFs are seen as more likely to gain approval over Ethereum ETFs, as indicated by Valkyrie Funds’ CIO. Regulatory outlook and market perspectives favor XRP and Litecoin due to less ambiguity compared to Ethereum. Valkyrie Funds’ Chief Information Officer (CIO) recently engaged in a fireside chat, the insights from which were shared [...]

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  • DeFi Saver integrates Safe to bring account abstraction to DeFi

    Mar 28, 2024 | 04:07 am

    Delaware, USA, March 28th, 2024, Chainwire In a move to greatly improve the user experience of DeFi users in the Ethereum ecosystem, DeFi Saver integrated native support for Safe smart accounts and multisigs. DeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum just announced they’ve integrated account abstraction […] The post DeFi Saver integrates Safe to bring account abstraction to DeFi appeared first on CoinChapter.

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  • Introducing $ASI: Fetch.ai, SingularityNET, and Ocean Protocol Collaborate for Superintelligence Alliance

    Mar 28, 2024 | 04:03 am

    Fetch.ai, Ocean Protocol and SingularityNET have merged their projects to create the Superintelligence Alliance mission, launching the ASI token with a market cap of $7.5 billion. Holders of AGIX, OCEAN and FET will swap their tokens to ASI, with FET as the benchmark token; the new project will mint an additional 1.48 billion tokens. The [...]

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  • DeFi Saver integrates Safe to bring account abstraction to DeFi

    Mar 28, 2024 | 04:02 am

    Delaware, USA, March 28th, 2024, Chainwire In a move to greatly improve the user experience of DeFi users in the Ethereum ecosystem, DeFi Saver integrated native support for Safe smart accounts and multisigs. DeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum just announced they’ve integrated account abstraction [...]

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  • Ripple Vs. SEC Saga: Legal Expert Unravels The “Bigger Argument”

    Mar 28, 2024 | 04:00 am

    Former founder and chairman of Murphy and McGonigle law firm James A. Murphy, also known as MetaLawMan, has delved into the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), offering his perspective on the bigger argument in the case. Bigger Argument Within The Ripple Vs. SEC Case James Murphy revealed […]

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  • Polygon zkEVM Mainnet Resumes After 12-Hour Outage; Dogecoin and a New Meme Coin Lead the Market in Gains

    Mar 28, 2024 | 04:00 am

    After suffering a 12-hour outage, the Polygon zkEVM mainnet has been re-activated. Dogecoin is one of the top altcoins leading the crypto market recovery. The new altcoin, NuggetRush, has also caught the attention of investors following a noteworthy milestone. The glitch in the Polygon zkEVM sequencer that caused extensive downtime has been fixed by developers. [...]

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  • Ethereum nears 1 million active validators as network surge strengthens security

    Mar 28, 2024 | 03:50 am

    The Ethereum network has witnessed a surge in validator numbers, with the count nearing one million. On-chain data from Beacon Chain and Ethereum’s Validator Queue show an active validator count of 979,686. However, a Dune Analytics dashboard curated by Dragonfly analyst Hildobby places the total number on the network above the one million mark. These […] The post Ethereum nears 1 million active validators as network surge strengthens security appeared first on CryptoSlate.

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  • Hong Kong-based Asset Manager VSFG aiming for a May spot Bitcoin ETF launch

    Mar 28, 2024 | 03:03 am

    There are reports that the Hong Kong SFC is considering to approve Bitcoin ETFs in Q2 2024. VSFG and Value Partners have applied for approval to offer a spot Bitcoin ETF in Hong Kong. VSFG is targeting to launch the spot BTC ETF as early as May this year. Hong Kong’s financial landscape is set […] The post Hong Kong-based Asset Manager VSFG aiming for a May spot Bitcoin ETF launch appeared first on CoinJournal.

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  • Coinbase’s Legal Victory a Boon for DeFi: What It Means

    Mar 28, 2024 | 03:02 am

    Coinbase’s legal victory against SEC’s allegations concerning its Wallet indicates a significant milestone for the DeFi industry. The court’s decision may influence the way DeFi applications are regulated and perceived in the legal framework. The unfolding legal saga of Coinbase, as predicted by a recent CNF post, took a significant turn when U.S. District Judge [...]

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  • Bybit’s Unified Trading Account Gains Strong Traction Among Institutional Investors

    Mar 28, 2024 | 03:00 am

    One of the top three cryptocurrency exchanges in the world by volume, Bybit, unveiled its Unified Trading Account (UTA) in 2023. This all-inclusive trading platform unites futures, options, perpetual, spot trading, and margin trading under a single account structure, improving trading flexibility and capital efficiency. With UTA being used by

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  • Calvin Ayre: I invest in ideas and BSV is the best idea out there

    Mar 28, 2024 | 03:00 am

    There are certain misconceptions making the rounds following Calvin Ayre’s recent decision to distance himself from the toxic soup that is social media. [...] Read More... The post Calvin Ayre: I invest in ideas and BSV is the best idea out there appeared first on CoinGeek.

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  • Embark on an Easter Adventure: Win Big with 1xBit’s Spring Tournament!

    Mar 28, 2024 | 02:53 am

    As the earth awakens from its winter slumber, a sense of renewal fills the air, accompanied by the vibrant hues of spring. At 1xBit, we’re excited to usher in the season of blooming flowers and chirping birds with our spectacular Easter Adventure tournament! Join us in celebrating the spirit of

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  • From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory

    Mar 28, 2024 | 02:49 am

    Litecoin (LTC), the silver to Bitcoin’s gold, has enjoyed a recent price surge, leaving investors cautiously optimistic about its future trajectory. Over the past week, LTC has seen a 13% increase, with its value hovering nearly $96 at the time of writing. This bullish run has been accompanied by technical indicators suggesting a potential continuation of the uptrend, but some analysts warn of lurking risks. LTC maintains a strong weekly performance. Source: Coingecko Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Potential Litecoin Price Bump In The Offing One key driver of optimism is the apparent breakout from a bullish triangle pattern. This technical indicator, identified by popular analyst World of Charts, suggests a potential price surge in the coming months, with some analysts even predicting a climb to $400. $Ltc #Ltc Breakout & Retest Has Already Confirmed Send It Towards 400$ Now https://t.co/6ZJxAgZjVJ pic.twitter.com/xW3xDrgHAZ — World Of Charts (@WorldOfCharts1) March 26, 2024 Further fueling the bullish sentiment are on-chain metrics like the MVRV ratio, which suggests the coin might not be overvalued yet. Additionally, a rise in Daily Active Addresses and transaction volume indicates increased investor activity and trading. This is further corroborated by a bullish crossover on the MACD indicator and a rising Money Flow Index (MFI), both suggesting potential for further price hikes. Bitcoin is now trading at $70.714. Chart: TradingView However, not all signals are green. The Network-to-Value (NVT) ratio, which indicates potential overvaluation, has also spiked alongside the price increase. This raises concerns about a possible price correction if the market deems LTC to be overvalued. While the recent price action for Litecoin is encouraging, it’s crucial to maintain a balanced perspective, analysts caution. Technical indicators can be helpful, but they shouldn’t be the sole decision-making factors, they said. LTC Hashrate Remains Stable Meanwhile, the hashrate, a measure of computing power dedicated to mining LTC, has remained stable, suggesting no significant changes in miner activity. However, some analysts worry that a potential drop in hashrate could hinder future growth. Related Reading: XRP ETF Premium Primed For Monumental Leap: Eyes Set On $500 The overall picture for Litecoin presents both opportunities and challenges. The recent price surge and positive on-chain metrics are encouraging signs. However, potential overvaluation concerns and conflicting technical signals urge caution. Investors should closely monitor both technical and fundamental factors before making any investment decisions. The coming weeks will be crucial for LTC. If the uptrend continues and the price breaks through key resistance levels, a significant rally could be on the horizon. If overvaluation concerns materialize or the broader market takes a downturn, a price correction could occur. Featured image from Pexels, chart from TradingView

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  • Indonesia Implements Sandbox for Crypto Firms Ahead of OJK Oversight

    Mar 28, 2024 | 02:45 am

    To reshape the landscape of the cryptocurrency industry in Indonesia, the Financial Services Authority (OJK) has announced that crypto firms will be subject to evaluation in a regulatory sandbox before they can obtain licenses to operate. This development comes as part of the transition of regulatory oversight from the commodities and futures trading regulator, Bappebti, to OJK, scheduled to take place in January 2025.New Measure to Enhance Crypto Sector SecurityUnder the new regulatory framework, firms offering crypto services in Indonesia will be required to undergo evaluation within the regulatory sandbox. Failure to comply with this prerequisite will result in such firms being deemed to operate illegally within the country.A regulatory sandbox functions as a controlled environment where innovative financial products and services can be tested to ensure their safety and reliability. It provides a platform for trial runs, allowing regulators to assess the potential risks and benefits associated with new offerings, thereby enhancing security and responsible management within the financial sector.Indonesian regulator @ojkindonesia says crypto products will have to be evaluated in a sandbox environment before being licensed once it takes over supervision in January 2025, @Shoennax reports.https://t.co/jGCLiLGAYT— CoinDesk (@CoinDesk) March 28, 2024Crypto Assets Set to Move from Commodities to Financial InstrumentsThe impending shift of regulatory supervision from Bappebti to OJK marks a significant transition for the crypto industry in Indonesia. Currently classified as commodities, crypto assets fall under the purview of Bappebti. However, with OJK taking over supervision, it is anticipated that crypto assets will be reclassified as financial instruments.Indonesia's Financial Services Authority to Regulate Crypto Industry in 2025 with Evaluation in Regulatory SandboxIndonesia's Financial Services Authority (OJK) will take over regulation of the crypto industry from the commodities agency Bappebti. Crypto firms must undergo…— DexBot (@dexbot) March 28, 2024"This aligns with our spirit at OJK, particularly in consumer protection and education," Hasan Fawzi, the regulator's Head of Supervision for financial technology, digital financial assets and crypto, said at a media briefing. "We expect our regulatory mechanisms to directly impact the prevention of fraudulent investments." This article was written by Tareq Sikder at www.financemagnates.com.

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  • Gate.io Announces Token2049 Gate.io Exclusive Night VC & Web3 Ecosystem Party in Dubai

    Mar 28, 2024 | 02:43 am

    Gate.io, is excited to announce its collaboration with HUAWEI, one of the world’s most successful technology companies, for the upcoming “Token2049 Gate.io Exclusive Night VC & Web3 Ecosystem Party”. The event is scheduled to take place on April 19, 2024, at Atlantis the Palm, Dubai, starting at 18:00PM. Token2049 is

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  • Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

    Mar 28, 2024 | 02:15 am

    A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets. Starting with the layer-one blockchain Near Protocol (NEAR), the analyst pseudonymously known as Bluntz tells his 251,200 subscribers on the social media platform X that the Ethereum (ETH) rival could rise above $9.01, the […] The post Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin appeared first on The Daily Hodl.

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  • Successful Traders on SUI and Fantom Target Milei Moneda for the Next Wave of Price Pump

    Mar 28, 2024 | 02:00 am

    The past few weeks have been exciting for SUI and Fantom (FTM) traders. The top altcoins have returned massive profits for their investors, living up to their reputation as two of the best cryptos to buy. However, all the low-hanging fruits seemed to have been picked as these investors are now looking at a new […] The post Successful Traders on SUI and Fantom Target Milei Moneda for the Next Wave of Price Pump appeared first on CoinChapter.

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  • Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO

    Mar 28, 2024 | 01:45 am

    Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.8 million, effectively offsetting Grayscale GBTC’s $299.8 million outflows. Moreover, Ark Invest’s ARKB reported its best day yet, with $200 million in inflows, despite Fidelity experiencing its worst day with a mere $1.5 million in outflows. Nevertheless, Fidelity managed to bounce back with significant inflows of $261 million and $279 million on Monday and Tuesday, respectively. Yesterday's ETF flows were positive for $243.5 million. Blackrock finally woke up again for $323.8 million completely cancelling out $GBTC's $299.8 million outflows. Ark had their best day yet with $200 million. Fidelity had its worst day with $1.5 million. Price dumped on… pic.twitter.com/LLChkITN7q — WhalePanda (@WhalePanda) March 28, 2024 1% Down, 99% To Go For Bitcoin ETFs However, according to Bitwise Chief Investment Officer (CIO) Matt Hougan, this is just the mere beginning of what is to come in the upcoming months. Hougan’s commentary, part of his weekly memo to investment professionals, sheds light on the current market dynamics and the colossal potential that lies ahead. “1% Down; 99% to Go,” Hougan wrote, highlighting the nascent yet promising journey of Bitcoin ETFs. Related Reading: $9.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead? Lately, the market has been characterized by its volatility, with Bitcoin’s price oscillating between $60,000 and $70,000. Hougan advises a calm and long-term perspective amidst this fluctuation, especially as the sector anticipates the upcoming Bitcoin halving around April 20, the approval of Bitcoin ETFs on national account platforms, and the soon-to-come completion of due diligence by various investment committees. Despite the current sideways movement of Bitcoin’s price, Hougan remains bullish about its long-term trajectory. “Bitcoin is in a raging bull market,” he asserts, noting a nearly 300% increase over the past 15 months. The launch of spot Bitcoin ETFs in January has marked a significant milestone, opening up the Bitcoin market to investment professionals on an unprecedented scale. Hougan’s analysis points to a profound shift as global wealth managers, who collectively control over $100 trillion, begin to explore investments in the “digital gold.” He suggests that even a conservative allocation of 1% of their portfolios to Bitcoin could result in approximately $1 trillion of inflows into the space. Related Reading: Bitcoin “Liquid Inventory Ratio” Hits All-Time Low, What It Means This perspective is backed by historical data showing that even a 2.5% allocation to Bitcoin has enhanced the risk-adjusted returns of traditional 60/40 portfolios in every three-year period of Bitcoin’s history. The recent inflows into Bitcoin ETFs, though impressive, are seen by Hougan as merely the beginning of a much larger movement. “We are all excited about the $12 billion that has flowed into ETFs since January. And it is exciting: Collectively, the most successful ETF launch of all time..But imagine global wealth managers allocate just 1% of their portfolios to bitcoin on average,” Hougan elaborates, emphasizing the scale of potential growth awaiting the cryptocurrency market. He concludes: Think about the implications. […] A 1% allocation across the board would mean ~$1 trillion of inflows into the space. Against this, $12 billion is barely a down payment. 1% down, 99% to go. At press time, BTC traded at $70,644. Featured image created with DALL·E, chart from TradingView.com

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  • Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024

    Mar 28, 2024 | 01:33 am

    Although Bitcoin (BTC) has already gained nearly 70% in 2024, shares of Argo Blockchain, a cryptocurrency mining company publicly listed in London and the USA, are scraping the bottom, falling 55%.The company's solution to some of its problems and shareholder discontent is selling its data center in Mirabel, Canada. The company's London branch (LSE: ARB) announced the finalization of this move on Thursday. At the same time, the miner issued over 460,000 new ordinary shares.Argo Blockchain Closes Sale of Mirabel Data Center, Reduces Debt by $12.4MThe plan to sell a data center in the Quebec region was first announced almost two months ago. The transaction, which yielded a total consideration of $6.1 million, has enabled the company to reduce its debt and streamline its operations significantly.The net proceeds from the sale were used to repay the Mirabel Facility's outstanding mortgage of $1.4 million, with the remainder being allocated to repay debt owed to Galaxy Digital Holdings, Ltd. As of 28 March 2024, Argo's debt balance with Galaxy is $12.8 million, representing a reduction of 63% from the original balance of $35 million."The Company continues to execute on its strategy of strengthening the balance sheet and reducing non-mining operating expenses. The Company reduced its debt by $12.4 million in Q1 2024,” Thomas Chippas, the Chief Executive Officer at Argo, commented on the transaction.#ARB ARGO BLOCKCHAIN Closing on sale of Mirabel data centre for a total consideration of $6.1m— The Dude (@Redpanda73) March 28, 2024In addition to the debt reduction, Argo has relocated and deployed mining machines from the Mirabel Facility to its facility in Baie Comeau, Quebec. This consolidation is expected to reduce the company's non-mining operating expenses by $0.7 million per year, allowing for more efficient use of the facility and onsite team. Argo Blockchain also announced the issuance of 460,477 new ordinary shares.Bitcoin Winter Hits ArgoAs mentioned at the very beginning, the price of Bitcoin is dynamically growing in 2024. Initially, Argo Blockchain's shares rose along with it, but weaker-than-expected BTC production in the first months of the year caused shareholders to lose confidence in the company. As a result, the cryptocurrency spring in the broad market turned into an extended winter for the digital asset miner.In the meantime, Argo Blockchain underwent significant changes in its management ranks. Seif El-Bakly stepped down as Chief Operating Officer after serving as interim Chief Executive Officer from February to November 2023.Whether we look at Argo's shares listed in London or the USA, the charts show the same picture: a decline of about 55% since the beginning of the year.At the same time, Marathon Digital Holdings, the largest publicly traded cryptocurrency miner, is losing only 6%, and Phoenix Group is gaining around 2%. This article was written by Damian Chmiel at www.financemagnates.com.

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  • ‘Eccentric’ Crypto Laundering Mastermind Dreamed of Being Anointed a Buddhist Goddess

    Mar 28, 2024 | 01:30 am

    Zhimin Qian, the alleged mastermind behind the cryptocurrency laundering, dreamed of being anointed as a Buddhist goddess by the Dalai Lama. Qian also had plans to build a Buddhist temple, an airport, and a port in Danube, a fictitious micronation situated between Serbia and Croatia. Zhimin Qian’s Digital Diary Zhimin Qian, the alleged mastermind behind […]

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  • sCrypt Hackathon 2024: Making Ordinals easier with smart contracts

    Mar 28, 2024 | 01:00 am

    In this sCrypt Hackathon 2024 kickoff session, 1Sat Ordinals developer David Case explains how inscribing single satoshi units with NFT data has captured everyone's attention. [...] Read More... The post sCrypt Hackathon 2024: Making Ordinals easier with smart contracts appeared first on CoinGeek.

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  • DED Trends on Twitter After Memecoin Snapshot Announcement

    Mar 28, 2024 | 00:08 am

    Lisbon, Portugal, March 28th, 2024, Chainwire Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin.  The project has sparked a new-found excitement in the Polkadot ecosystem, seeing over 20,000 await their airdrop in the $DED telegram channel. With the token’s snapshot debuting early last […] The post DED Trends on Twitter After Memecoin Snapshot Announcement appeared first on CoinChapter.

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  • Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen

    Mar 28, 2024 | 00:04 am

    Crypto traders moved $208 million worth of digital assets off the embattled exchange KuCoin following the company’s indictment. The blockchain analytics platform Nansen reports that $99 million worth of crypto flowed off the exchange on Ethereum (ETH) and $108 million on Ethereum Virtual Machine (EVM) chains. KuCoin still holds more than $6 billion worth of […] The post Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen appeared first on The Daily Hodl.

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  • Understanding the Long Term Vision for the Diamante Blockchain Ecosystem – Chirag Jetani

    Mar 28, 2024 | 00:00 am

    Diamante Blockchain stands at the forefront of blockchain innovation, committed to expanding the reach and utility of its proprietary network, Diamante Net. The mission is to harness the transformative power of blockchain to deliver unparalleled value and efficiency across industries. With a focus on security, scalability, and sustainability, the team is dedicated to developing open-source […]

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  • URV researchers create blockchain app to control and manage personal data online

    Mar 27, 2024 | 23:00 pm

    A team at the University of Rovira i Virgili developed a personal data management tool based on blockchain that involves publishing smart contracts that are published for life and cannot be amended. [...] Read More... The post URV researchers create blockchain app to control and manage personal data online appeared first on CoinGeek.

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  • Japanese leasing firm trials real estate tokenization

    Mar 27, 2024 | 21:00 pm

    SMFL's pilot offering will use Vertalo and integrate asset tracking platform AssetForce in an attempt to revolutionize Japan's real estate sector as asset tokenization gathers steam. [...] Read More... The post Japanese leasing firm trials real estate tokenization appeared first on CoinGeek.

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  • Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial

    Mar 27, 2024 | 19:00 pm

    GSBN, with help from Ant Group, is modernizing the shipping industry through eBL, a blockchain-powered prototype that tokenizes goods and could propel Hong Kong's CBDC to greater heights. [...] Read More... The post Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial appeared first on CoinGeek.

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  • Are Doge Whales in Mood to Send DOGE Price to $1?

    Mar 27, 2024 | 18:54 pm

    NAIROBI (Coinchapter.com) – DOGE whales – addresses holding more than a million Dogecoin – are garnering considerable attention. Recently, data from Messari indicates that over 4,780 addresses hold this significant amount of the popular meme coin. This concentration of wealth suggests these major investors could potentially influence DOGE’s price trajectory in the market. While the […] The post Are Doge Whales in Mood to Send DOGE Price to $1? appeared first on CoinChapter.

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  • Decrypt Hacked Using Targeted Airdrop Scam

    Mar 27, 2024 | 18:20 pm

    NAIROBI (Coinchapter.com) – Decrypt has fallen victim to a targeted hacking attack compromising their widely read newsletter. Subscribers were bombarded with a deceptive email on Tuesday morning, enticing them with promises of a phony token airdrop. This carefully crafted scam was designed to exploit the established trust between Decrypt and its reader base. In response, […] The post Decrypt Hacked Using Targeted Airdrop Scam appeared first on CoinChapter.

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  • Litecoin’s Bullish Signal is Back, Signaling Another ATH

    Mar 27, 2024 | 17:56 pm

    Litecoin has lined up a bullish signal that could see the price of LTC rally to a new ATH, given that the signal has previously been accurate The post Litecoin’s Bullish Signal is Back, Signaling Another ATH appeared first on CoinChapter.

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  • Altcoins Surging as Market Anticipates Further Growth

    Mar 27, 2024 | 17:31 pm

    NAIROBI (Coinchapter.com) – Altcoins are surging, recording impressive gains and signaling a robust appetite for digital currencies beyond Bitcoin. As the financial landscape braces for what many see as a new era of growth, the spotlight shifts towards these emerging players. With Ethereum leading the charge, the momentum is undeniable, pointing to a bullish outlook […] The post Altcoins Surging as Market Anticipates Further Growth appeared first on CoinChapter.

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  • Top Analyst Says Ethereum Rival Looks Turbo Bullish, Updates Outlook on Arbitrum and Solana-Based Memecoin

    Mar 27, 2024 | 17:00 pm

    A top trader who accurately called Bitcoin’s (BTC) floor price during the 2018 bear market says one Ethereum (ETH) challenger looks extremely bullish. Pseudonymous analyst Bluntz tells his 251,100 followers on the social media platform X that he expects the native asset of the layer-1 protocol Near (NEAR) to rally to a level last seen […] The post Top Analyst Says Ethereum Rival Looks Turbo Bullish, Updates Outlook on Arbitrum and Solana-Based Memecoin appeared first on The Daily Hodl.

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  • ADA at $5 Price Could Become Reality In This Cycle As Cardano Leads Top L1s In This Metric

    Mar 27, 2024 | 15:42 pm

    Cardano (ADA) has emerged as the leader in developer activity among Layer 1 blockchain platforms despite experiencing a notable price drop over the past week.

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  • UK Regulators Release Guidance for ‘Finfluencers’ and Memes Promoting Financial Products

    Mar 27, 2024 | 15:01 pm

    Regulators in the United Kingdom are releasing new regulations for influencers and memes that promote financial products. In a new press release, the UK’s Financial Conduct Authority (FCA) is giving out new guidelines on how social media can be used to promote financial products, including fintech and digital assets, as a means of combating fraud. […] The post UK Regulators Release Guidance for ‘Finfluencers’ and Memes Promoting Financial Products appeared first on The Daily Hodl.

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  • Solana DEX Volumes Hit $50 Billion; Co-founder Compares Growth with Ethereum’s

    Mar 27, 2024 | 14:16 pm

    As Solana continues to gain traction, its success challenges established players like Ethereum, signalling a potential paradigm shift in the decentralized finance (DeFi) landscape.

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  • BlockDAG’s $9.7 Million Presale Dominates Crypto Market, Outperforming BeFi & Worldcoin Market Fluctuations

    Mar 27, 2024 | 14:15 pm

    BlockDAG has become a standout contender, capturing the crypto community’s attention with its groundbreaking presale success and the promise of a transformative blockchain solution. As the crypto landscape buzzes with discussions about Worldcoin’s price variability and BeFi Labs’ token debut, BlockDAG sets a new standard for investment opportunities in the industry. BeFi Labs Ushers in […]

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  • BOOK OF MEME Advances Rapidly In Trading Volume — BOME Bulls Look To Outperform Shiba Inu

    Mar 27, 2024 | 13:44 pm

    One newcomer making waves in the market is Book Of Meme (BOME), a cryptocurrency that has recently captured the spotlight with its impressive increase in trading volume and price.

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  • Algotech Takes Spotlight with 1200x Potential as BCH Ready to Surge After Listing

    Mar 27, 2024 | 13:23 pm

    The evolving crypto market is gearing up in preparation for the upcoming Bitcoin halving event. With less than 30 days left, adherents have been looking for the next breakout opportunity. Bitcoin Cash has taken center stage as a prominent actor thriving in the current climate. Expectations have mounted following the announcement of Coinbase, a cryptocurrency […]

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  • DeltaPrana Announces Strategic ICO to Revolutionize Crypto Transactions and Foster Environmental Sustainability

    Mar 27, 2024 | 13:12 pm

    Blockchain startup DeltaPrana announced it has officially launched its Initial Coin Offering (ICO) with a strategic focus on enhancing network efficiency, scalability, and security while championing environmental sustainability. The announcement marks a significant milestone for the company, which aims to seamlessly integrate cutting-edge transaction platforms with sustainable development practices, offering users unparalleled advantages in the […]

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  • U.S. Treasury Department Targets 13 Russian Firms Allegedly Offering Crypto-Related Services To Avoid Sanctions

    Mar 27, 2024 | 13:00 pm

    The US Government has named entities and individuals allegedly responsible for providing crypto products and services that aided in the evasion of sanctions on Russia. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) says that it has “sanctioned thirteen entities and two individuals for operating in the financial services and technology […] The post U.S. Treasury Department Targets 13 Russian Firms Allegedly Offering Crypto-Related Services To Avoid Sanctions appeared first on The Daily Hodl.

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  • Here’s How High Solana (SOL) Could Surge, According to Coin Bureau’s Guy Turner

    Mar 27, 2024 | 12:55 pm

    A widely followed crypto analyst says that smart contract platform Solana (SOL) looks bullish on multiple timeframes. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.45 million YouTube subscribers that Solana’s weekly and monthly charts foreshadow a 35-45% breakout for the Ethereum (ETH) rival above the $300 price tag. […] The post Here’s How High Solana (SOL) Could Surge, According to Coin Bureau’s Guy Turner appeared first on The Daily Hodl.

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  • Trump’s Net Worth Balloons: Former President is a Billionaire Again

    Mar 27, 2024 | 12:50 pm

    The sudden windfall helped mitigate the Donald Trump's immediate financial liabilities. and could also help his presidential campaign. The post Trump’s Net Worth Balloons: Former President is a Billionaire Again appeared first on CoinChapter.

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  • Ethereum Foundation Faces Regulatory Examination; AI Altcoin Gains Credibility with Top Whales

    Mar 27, 2024 | 12:00 pm

    Ethereum (ETH) has recently been the center of discussion in the crypto community. ETH tanked by over 6% last week following concerns that the network could be in trouble. Recently, reports showed that an unnamed government authority is investigating Ethereum’s non-profit organization. The development has investors agitated for what it could mean for the platform, […] The post Ethereum Foundation Faces Regulatory Examination; AI Altcoin Gains Credibility with Top Whales appeared first on CoinChapter.

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  • Coinbase Faces Regulatory Heat as Judge Allows SEC's Lawsuit to Proceed

    Mar 27, 2024 | 11:14 am

    A federal judge in Manhattan has allowed the US Securities and Exchange Commission (SEC) to proceed with a lawsuit against Coinbase. While the court dismissed one of the regulator's claims, this latest decision paves the way for a potentially lengthy legal battle. The ruling marks a significant development in the ongoing regulatory scrutiny facing digital assets firms, Reuters reported.The US District Judge Katherine Failla partly granted Coinbase's motion to dismiss the SEC's lawsuit, which accused the company of violating securities regulations. Despite this partial win, the ruling largely aligns with the SEC's approach to regulating cryptocurrency, echoing previous decisions in favor of the regulator.Coinbase's Legal ArgumentsCoinbase's Chief Legal Officer, Paul Grewal, expressed the exchange's preparedness for the ruling and reiterated its commitment to contesting the SEC's claims. Despite this setback, Coinbase has expressed optimism in its legal arguments and plans to prove its position in court.The SEC's lawsuit against Coinbase, initiated in June, alleges that the exchange facilitated the trading of several crypto tokens that should have been registered as securities. Additionally, the SEC claims that Coinbase operated unlawfully as a national securities exchange, broker, and clearing agency without proper registration.Judge Failla's ruling allowed most aspects of the lawsuit to proceed, except for the SEC's claims that Coinbase acted as an unregistered broker through its wallet application. This legal confrontation marks a pivotal moment in the SEC's efforts to apply traditional securities laws to the rapidly evolving digital asset sector.Implications for the Crypto MarketCentral to the legal dispute is the interpretation of what constitutes security in the context of crypto assets. The SEC has relied on established legal precedents, including a US Supreme Court ruling, to determine whether certain crypto assets should be considered securities.However, Coinbase has contended that, unlike traditional securities, cryptocurrencies do not meet the criteria of deriving returns solely from the efforts of others. Judge Failla's decision favored the SEC's argument, suggesting that some digital assets listed on Coinbase could indeed be classified as securities.Last year, the SEC declined Coinbase Global's petition for specific regulations in the digital asset sector. Despite Coinbase's plea for these rules, citing inadequacies in current securities laws, the SEC's Chair, Gary Gensler, mentioned that the existing regulations are sufficient. He emphasized the applicability of the current laws to crypto markets.In a letter to Coinbase's Chief Legal Officer, Gensler claimed that the current regulations are suitable for the crypto industry. Gensler stressed the adaptability of existing laws, citing the Supreme Court's Howey test, which has been effectively used to evaluate crypto assets in federal courts. This article was written by Jared Kirui at www.financemagnates.com.

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  • MyShell Raises $11 Million for its Decentralized AI Consumer Layer

    Mar 27, 2024 | 11:01 am

    Tokyo, Japan, March 27th, 2024, Chainwire Funds from the Pre-Series A round led by Dragonfly will further develop MyShell’s open-source models and agent platform for empowering AI creators MyShell, a decentralized AI consumer layer, announced today that it has raised US$11 million in a Pre-Series A round, with participation from a cohort of high-profile investors, […] The post MyShell Raises $11 Million for its Decentralized AI Consumer Layer appeared first on CoinChapter.

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  • Investors Enjoy Juicy Gains On Jupiter And Maker While They Await More Upsides When NuggetRush Launches

    Mar 27, 2024 | 11:00 am

    Amid soaring crypto market activity, Jupiter has reached the $1.00 mark. Maker has also remained bullish, jumping to $3,000 in mid-March. NuggetRush (NUGX), an innovative mining adventure, could set a new path in the gaming industry after selling over 248 million tokens. The project has also won hearts with plans for unique gold rewards. Yet, […] The post Investors Enjoy Juicy Gains On Jupiter And Maker While They Await More Upsides When NuggetRush Launches appeared first on CoinChapter.

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  • Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors

    Mar 27, 2024 | 10:06 am

    George Town, Grand Cayman, March 27th, 2024, Chainwire Zircuit, a fully EVM-compatible ZK rollup with parallelized circuits and AI-enabled security, today launched its Build to Earn program to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit currently has over $800M staked. Zircuit […] The post Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors appeared first on CoinChapter.

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  • SEC & CFTC Divide Puts Ethereum’s Status In Jeopardy

    Mar 27, 2024 | 10:00 am

    The future of Ethereum, the world’s second-largest cryptocurrency, has become murky as two major regulatory bodies spar over how to classify the pioneering blockchain technology. Allegations from the Commodity Futures Trading Commission that digital assets like Ether are commodities have put the agency at odds with the Securities and Exchange Commission, which is actively investigating […]

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  • SUI And ONDO Defy Broader Market Trend For Gains; Rebel Satoshi ($RBLZ) Earns New Traction As Holders Set Ambitious Price Targets

    Mar 27, 2024 | 10:00 am

    SUI and ONDO have emerged as the altcoins to watch ahead as the two defy the broader market trends. On the other hand, Rebel Satoshi ($RBLZ) has garnered immense attention among investors as it continues to outperform new ICOs. Let’s explore the expert projections for SUI, ONDO, and $RBLZ to find the best crypto investment […] The post SUI And ONDO Defy Broader Market Trend For Gains; Rebel Satoshi ($RBLZ) Earns New Traction As Holders Set Ambitious Price Targets appeared first on CoinChapter.

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  • XCAD Announces Multiple Governments’ Backing for New Initiative to Expand Web3 Education

    Mar 27, 2024 | 09:34 am

    UAE, UAE, March 27th, 2024, Chainwire XCAD Network – a tokenisation platform for YouTubers to connect and reward their viewers with crypto tokens – today announced it has signed MOUs (Memorandum of Understanding) with multiple governments to expand incentivised Web3 education to millions of people across the globe. By securing the support of several governments, […] The post XCAD Announces Multiple Governments’ Backing for New Initiative to Expand Web3 Education appeared first on CoinChapter.

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  • 6 Best Cloud Mining Software Of 2024

    Mar 27, 2024 | 09:19 am

    Cloud mining is a method of mining cryptocurrency without purchasing the required hardware or software. Instead, you rent mining power from a cloud mining company. This can be a great way to start cryptocurrency mining as it eliminates the need to invest in expensive hardware and software. However, it is important to choose a reputable […] The post 6 Best Cloud Mining Software Of 2024 appeared first on CoinChapter.

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  • Sui and Revolut Launch Global Partnership to Accelerate Blockchain Education and Adoption

    Mar 27, 2024 | 09:03 am

    Grand Cayman, Cayman Islands, March 27th, 2024, Chainwire Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, proudly announced a landmark collaboration with Revolut, a leading global fintech with over 40 million customers worldwide. The strategic partnership will bolster awareness and adoption of blockchain technology among Revolut’s expansive user base while opening […] The post Sui and Revolut Launch Global Partnership to Accelerate Blockchain Education and Adoption appeared first on CoinChapter.

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  • Ethereum Co-Founder Vitalik Proposes Anti-Correlation Penalties To Boost Decentralization

    Mar 27, 2024 | 09:00 am

    Ethereum’s co-founder, Vitalik Buterin, recently shared an interesting proposal related to validator incentives. The co-founder of Ethereum has suggested extending anti-correlation penalties to more routine validator failures as a way to incentivize better decentralization on the network. The core idea is to penalize validators more heavily when their failures coincide with those of other validators, […]

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  • Apple WARNING! You Can LITERALLY Lose All Your Crypto on iPhones, Macbooks

    Mar 27, 2024 | 09:00 am

    A team of researchers from multiple United States-based universities sounded the alarm after discovering a critical flaw that exposes cryptocurrency wallets and encrypted keys on many of Apple's most popular devices. The researchers uncovered a technique that reconstructs encrypted data using a performance-enhancing feature found in Apple's custom M-series chips, which include the M1, M2, and latest M3 variants. These chips power millions of Mac computers, iPads, and even the upcoming Vision Pro headset. The post Apple WARNING! You Can LITERALLY Lose All Your Crypto on iPhones, Macbooks appeared first on CoinChapter.

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  • Verbex Group Review: Become a Pro Crypto Trader

    Mar 27, 2024 | 08:30 am

    Along with its popularity, the competition in the Forex market is growing significantly. According to research, the current number of active crypto traders all over the world has crossed 14 million. Shocking isn’t it? As of the current situation, the number of traders is growing significantly with famous trading platforms like Verbex Group. In this […] The post Verbex Group Review: Become a Pro Crypto Trader appeared first on CoinChapter.

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  • KuCoin Faces $1 Billion Crypto Exodus amid US Charges, Assets Plummet 20%

    Mar 27, 2024 | 08:20 am

    KuCoin witnessed a staggering $1 billion in crypto withdrawals within 24 hours, coupled with a decline of 20% in assets under management, following charges levied against the platform by US authorities. Data analysis from Nansen and Arkham Intelligence has revealed the extent of the withdrawal surge and the subsequent depletion of assets.KuCoin Bleeds $1.083B in Crypto ExodusData provided by Nansen and Arkham Intelligence hasindicated that KuCoin encountered an unprecedented outflow of approximately $1.083 billion across Ethereum Virtual Machine-compatible chains, dwarfing the meagre inflows of $144 million during the same period. Notably, net outflows on the Ethereum network alone amounted to $840 million, as reported by Nansen."This is more than a 15% drop in assets held by the exchange," Nansen noted in a statement today (Wednesday), highlighting the substantial impact of the withdrawal wave.Arkham Intelligence's blockchain data corroborated the significant decline in crypto assets held by KuCoin-tagged addresses, plummeting from $6 billion to $4.8 billion within a day. Despite potential price fluctuations, the decrease primarily stems from users withdrawing their assets from the platform in response to the unfolding legal challenges.Investor Concerns Mount as Exchange Responds to Alleged ChargesThe surge in withdrawals coincided with US federal prosecutors charging KuCoin and two of its founders with violating anti-money laundering laws. A Homeland Security Investigations Special Agent characterized the exchange as "an alleged multibillion-dollar criminal conspiracy," exacerbating concerns among investors.XRP Dump Ahead? Will Ripple Survive? Should You Withdraw Your Funds From KuCoin? | MetaLawMan https://t.co/WOj1xLaCIl— The Wolf Of All Streets (@scottmelker) March 27, 2024While some users reported delays in withdrawal processing, blockchain data revealed that outgoing transactions from KuCoin were eventually executed. These delays were likely attributed to the high volume of withdrawal requests accumulated during the tumultuous period.Responding to mounting apprehensions, KuCoin reassured users of the platform's stability and the safety of their assets in a social media statement. The exchange emphasized that it is "operating well," despite the challenging circumstances. This article was written by Tareq Sikder at www.financemagnates.com.

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  • Johan Cruyff Institute & Zetly webinar series: Introduction to Web3 and Blockchain basics

    Mar 27, 2024 | 07:00 am

    Zetly, in partnership with Johan Cruyff Institute and BSV blockchain, set up a webinar to give participants an overview of the evolving technological landscape and background on Web3 and blockchain. [...] Read More... The post Johan Cruyff Institute & Zetly webinar series: Introduction to Web3 and Blockchain basics appeared first on CoinGeek.

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  • Block Dojo Philippines Cohort 1 showcases MVP pitches

    Mar 27, 2024 | 05:00 am

    Three Block Dojo PH founders demonstrated the limitless possibilities with blockchain, showcasing their proposed MVPs tackling recurring issues in the Philippine landscape. [...] Read More... The post Block Dojo Philippines Cohort 1 showcases MVP pitches appeared first on CoinGeek.

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  • Crypto Exchange OKX Pays €304,000 Fine in Malta for Compliance Failures

    Mar 27, 2024 | 03:34 am

    Okcoin Europe, the European branch of the cryptocurrency exchange OKX, recently received a fine of €304,000 from the Malta Financial Services Authority (MFSA) for failing to comply with local laws related to virtual assets.According to the MFSA, when determining the amount of the fine, it took the fact that OKX representatives cooperated with the regulator into account. However, no detailed information was provided regarding the specific violations.OKX Faces Financial Penalty in MaltaOKX, which has been operating in the Maltese market since 2018, is one of the largest entities in the retail cryptocurrency exchange industry. However, the recent fine imposed by the MFSA demonstrates that even the biggest players can face temporary compliance issues with regulations.The penalty was imposed as part of a settlement agreement and the "goodwill" shown by the company last month. The MFSA investigation revealed shortcomings in relation to Article 41 of the Virtual Financial Assets Act."By means of a settlement agreement entered into between the Company and the MFSA, the latter imposed an administrative penalty amounting to three hundred and four thousand euro," the MFSA stated in a press release.JUST IN: OKX's Okcoin Europe settles with Malta's MFSA for €304K over regulatory issues. The payment, termed a "goodwill" gesture, addresses past compliance failings. #OKX— THΞ FΞNNΞC (@Crypto_Fennec1) March 27, 2024However, the Maltese regulator took into account the fact that OKX cooperated, agreed to appoint an external service provider, and review its processes for compliance with local regulations.Maintaining a good relationship with the MFSA is essential for OKX, as Okcoin Europe is responsible for serving clients within the European Union. Last year, the exchange began expanding its territorial reach in Europe, applying for a license in France, among other countries.According to the most recent Finance Magnates Intelligence report, OKX is the fourth largest crypto exchange worldwide in terms of spot trading volumes. These ranked at over $75 billion in February 2024.Global Moves of OKXOKX, one of the world's largest exchanges, is not limiting its activities solely to Europe but is also expanding in other parts of the world. In mid-March, through its local subsidiary, OKX SG, the exchange joined the growing list of crypto exchanges with Singapore's MPI License.In February, OKX unveiled OKX.TR, a localized platform tailored for Turkish traders. The new exchange offers trading pairs denominated in Turkish Lira, catering to the burgeoning interest in digital assets within the country.However, global operations in the decentralized crypto market are not always met with success. Recently, the exchange had to shut down its services in India due to local regulatory hurdles. OKX has notified its users in the country to close their accounts and redeem their funds before 30 April. Despite the setback in India, OKX continues to expand its presence in various regions around the world. This article was written by Damian Chmiel at www.financemagnates.com.

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  • Novogratz’s Galaxy Digital Becomes Profitable in 2023 with a Push in Crypto Prices

    Mar 26, 2024 | 22:19 pm

    Michael Novogratz’s Galaxy Digital Holdings has turned a profit of $296 million in 2023, recovering from a loss of $1 billion in the previous year, as the upward movement of cryptocurrency prices picked up.Q4 Was the Profit GeneratorInterestingly, the final quarter of 2023 turned the results for the company when it generated a net income of $302 million, compared to a loss of $288 million in the corresponding quarter of the precious year. Even in the third quarter of 2023, it had a loss of $94 million.“Since the end of the fourth quarter 2023, digital asset prices materially changed, and our business has benefited from heightened market volatility and increased trading volumes,” the company stated.Indeed, the price of Bitcoin and other digital assets picked up at the end of 2023 with the anticipation of the approval of Bitcoin exchange-traded funds in the United States. Further, with the approval last January, the bull market received a push as Bitcoin neared $74,000.The Boom in Crypto Prices Pushed the RevenueThe financial report from Galaxy Digital, released yesterday (Tuesday), revealed its total annual revenue last year to be $613.8 million, a gain of over 46 percent. A realized gain of $311.8 million from digital assets pushed the total revenue higher. Another significant revenue generator was from derivatives, which brought in $151.5 million. Revenue from staking and lending services totaled $52.2 million, while earnings from mining operations was $33.1 million.Notably, the asset under management of the cryptocurrency funds managed by Galaxy Digital increased more than 200 percent in 2023 to reach $5.2 billion at the end of the year. This figure almost doubled in the next two consecutive months to reach $10.1 billion at the end of February 2024.“For the year-to-date period ending February 29, 2024, Galaxy Digital Holdings LP's income before tax is estimated to be approximately $300 million, driven primarily by the appreciation of digital asset prices and growth in our operating businesses. Galaxy Digital Holdings LP's equity capital increased to approximately $2.1 billion over the same period,” the company added. This article was written by Arnab Shome at www.financemagnates.com.

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  • Portugal Temporarily Halts Worldcoin's Biometric Data Collection

    Mar 26, 2024 | 09:17 am

    Portugal's data regulator, CNPD, has ordered Worldcoin to cease collecting biometric data in the country for 90 days, citing concerns over users' data protection rights. According to a report by Reuters, CNPD highlighted risks related to unauthorized data collection from minors and inadequate mechanisms to erase the information collected from users. However, Worldcoin has refuted the claims, citing ongoing efforts to address the regulatory issues, including the alleged sign-up of underage users. The iris-scanning project, which offers free cryptocurrency in exchange for iris scans, has attracted over 4.5 million users globally.Privacy ConcernsRecently, Worldcoin announced a shift toward personal custody to grant users control over their data. Amidst ongoing investigations and restrictions in other countries, Worldcoin faces regulatory challenges regarding privacy concerns in handling biometric data.Worldcoin's ambitious goal of establishing an identity and financial network has triggered regulatory scrutiny globally. According to its Founder, Sam Altman, such a system is crucial in navigating an AI-dominated world. However, privacy advocates caution against the risks associated with biometric data collection. Worldcoin has attracted interest from major investors, such as a16z crypto and Bain Capital Crypto. Despite assurances of compliance, Worldcoin faces regulatory hurdles in multiple jurisdictions. This includes recent actions by Kenya and Bavarian state regulators, indicating a broader trend of regulatory intervention.Escalating Regulatory ScrutinyIn Spain, the country's Data Protection Agency recently ordered Worldcoin to halt the collection and processing of personal data over privacy concerns. This action followed complaints regarding inadequate disclosure of information, data collection from minors, and the inability to withdraw consent. The intervention aims to prevent the transfer of personal data to third parties and secure already collected data.Last year, France and the UK questioned Worldcoin's data collection methods. The use of biometric data, such as iris scans, raised a concern. Similarly, the UK's Information Commissioner's Office emphasized the importance of obtaining users' consent and adhering to data protection laws. In response to the growing scrutiny, Worldcoin's Co-Founder, Alex Blania, defended the project's approach to handling biometric data, highlighting the necessity of distinguishing humans from AI bots. Blania mentioned that data privacy is ensured through blockchain technology. However, skepticism persists, with concerns about the potential for data leaks and breaches of privacy remaining unresolved. This article was written by Jared Kirui at www.financemagnates.com.

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  • KuCoin and Founders Face US Prosecution over Alleged AML Violations

    Mar 26, 2024 | 09:16 am

    US federal prosecutors announced charges against the crypto exchange KuCoin and two of its founders for allegedly violating anti-money laundering (AML) laws today (Tuesday). According to the indictment, KuCoin operated in the US without proper registration and failed to maintain an adequate AML program.No Arrests Made despite Charges The indictment, brought forth by the US Department of Justice (DOJ), accused KuCoin and its Founders, Chun Gan and Ke Tang, of running a money-transmitting business serving over 30 million customers without implementing a know-your-customer (KYC) or AML program until 2023. It was noted that even after the implementation of a KYC program, existing customers were not subject to its requirements. Despite these allegations, neither Gan nor Tang has been arrested, the DOJ clarified in a press release.Furthermore, the indictment claimed that KuCoin did not register with the US Financial Crimes Enforcement Network as a money services business, as required by law. Prosecutors argue that this failure to implement adequate AML measures allowed KuCoin to be exploited for money laundering activities, including those related to sanctions violations, darknet markets, and various fraudulent schemes.DOJ and CFTC Pursue Penalties The indictment also alleged KuCoin's involvement in receiving cryptocurrency from Tornado Cash, a sanctioned crypto mixer, totaling over $3.2 million. This connection was highlighted in criminal filings against developers associated with Tornado Cash.JUST IN: KuCoin exchange founders charged with conspiring to operate an unlicensed money transmitting business and conspiring to violate the Bank Secrecy Act by willfully failing to maintain an adequate anti-money laundering (“AML”) program 👀 pic.twitter.com/hBEnwHnUNt— Bitcoin News (@BitcoinNewsCom) March 26, 2024In addition to the DOJ's charges, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against KuCoin, accusing the exchange of failing to register as a futures commission merchant or implement the required KYC program. The CFTC seeks monetary penalties, trading and registration bans, as well as an injunction against KuCoin.DOJ charges KuCoin with AML/KYC violations. Government alleges KuCoin failed to enforce KYC restrictions to block US users. The assault on VPNs has begun. pic.twitter.com/wpTRA8fn2Z— Carlo⚖️.eth (@DeFiDefenseLaw) March 26, 2024Both the DOJ and the CFTC are pursuing legal action against KuCoin, aiming for forfeiture and criminal penalties in the case brought forth by the DOJ and monetary penalties and regulatory measures through the CFTC's lawsuit. KuCoin has yet to publicly respond to these charges. This article was written by Tareq Sikder at www.financemagnates.com.

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  • Bakkt “Alleviates” from Existence Woes: Ends 2023 with $780M in Revenue

    Mar 26, 2024 | 03:04 am

    Bakkt, a cryptocurrency platform backed by the New York Stock Exchange (NYSE) owner, has closed the final quarter of 2023 with a revenue of $214.5 million. With this, the annual revenue came in at $780.1 million, thus strengthening the firm’s cash reserves and minimizing the concerns over continuing its operations.Strong Numbers for 2023According to the financials published yesterday (Monday), the revenue included its gross crypto and net loyalty streams. Further, the company highlighted that its revenue from crypto services strengthened with the acquisition of Bakkt Crypto (formerly Apex Crypto).However, the company still ended the year with an adjusted EBITDA loss of $93.9 million. Its net loss narrowed by a significant 89 percent to $225.8 million.“Our focus for 2024 is on a set of strategic initiatives that will provide our business with efficient scale, including broadening our client network, expanding our product set, and prudently managing expenses,” Bakkt’s incoming President and Chief Executive Officer, Andy Main, said. Bakkt, set up by Intercontinental Exchange, was founded in 2018 with the initial goal of facilitating Starbucks customers to purchase coffee with Bitcoin. The company gradually moved to offer cryptocurrency trading, primarily with derivatives and is now focusing on crypto custodian services. It even launched a digital wallet in 2021 but discontinued the services last year.It went public in 2021, taking the reverse merger route with a blank-check company.Strengthened Cash Flow and OutlookIn a filing with the Securities and Exchange Commission last month, the NYSE-listed warned about its future as it was facing a cash crunch.“With our newly strengthened balance sheet, which helped put us in a position to alleviate the conditions that raised doubt about our ability to continue as a going concern, and improving crypto market conditions, we are excited about the opportunities in 2024 to execute on our key priorities and drive our company towards profitability,” Main added.For 2024, the company now expects to generate a total revenue between $3.29 billion and $5.11 billion. This article was written by Arnab Shome at www.financemagnates.com.

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  • EU Crypto Regulations Getting Closer: ESMA Publishes Final Report

    Mar 26, 2024 | 02:20 am

    The European Securities and Markets Authority (ESMA) has taken significant steps towards regulating the crypto-asset industry by publishing its first final report and launching a third consultation package under the Markets in Crypto-Assets Regulation (MiCA).ESMA Finalizes First Rules for Crypto-Asset Service ProvidersIn its first final report, ESMA has outlined proposals on the information required for the authorization of crypto-asset service providers (CASPs), the notification process for financial entities intending to provide crypto-asset services, the assessment of the intended acquisition of qualifying holdings in CASPs, and how CASPs should address complaints. The report aims to promote fair competition between CASPs and create a safer environment for investors across the European Union.ESMA's Securities and Markets Stakeholder Group has advocated for a "level playing field" where financial institutions providing crypto-asset services are subject to the same oversight and regulation as intermediaries offering similar financial services.What is in the Report?🔳 Information required for:👉 authorisation👉 where financial entities notify intent to provide crypto-asset services👉 assessment of intended acquisition of a qualifying holding in a CASP🔳 How CASPs should address complaintshttps://t.co/FWxk0W4v3d pic.twitter.com/iutLpGRUdX— ESMA - EU Securities Markets Regulator 🇪🇺 (@ESMAComms) March 25, 2024The group has endorsed a "two-track approach" involving notification requirements for regulated financial entities that largely align with the authorization requirements for other entities.“By striking a balance between investor protection and fostering innovation, regulators are rightly aiming to promote trust in the crypto ecosystem and ensure its sustainable growth in the long term,” Kok Kee Chong, the CEO of AsiaNext, commented on the final report.Third Consultation Package Seeks Input on MiCAESMA's third consultation package seeks input from stakeholders on four sets of proposed rules and guidelines. These cover detecting and reporting suspected market abuse in crypto-assets, policies and procedures for crypto-asset transfer services, suitability requirements for certain crypto-asset services, and ICT operational resilience for entities under MiCA. Stakeholders have until June 25, 2024, to provide feedback.What is in the #consultation?🔳 Detection & reporting → market abuse in #CryptoAssets🔳 Policies & procedures → transfer services🔳 Suitability requirements and format of the periodic statement for portfolio management🔳 #ICT operational resiliencehttps://t.co/4IBSL3GYvt pic.twitter.com/0xSQvJQbur— ESMA - EU Securities Markets Regulator 🇪🇺 (@ESMAComms) March 25, 2024“With crypto markets known for their high volatility, a sound risk framework helps an exchange minimise the impact of market uncertainties for institutional traders, Aligning with wider financial industry best practices, it is key for exchanges to engage in proactive risk management,” Kok Kee Chong added. The European Banking Authority (EBA) has also been consulting on the measures under the MiCA regulation since its completion in 2023. Earlier in the month, EBA and ESMA released a draft of regulations for issuers of stablecoins.🆕 #EBA final draft Regulatory Technical Standards (RTS) under #MiCAR 📜🔍These set out the requirements, templates and procedures for handling complaints received by issuers of asset reference tokens (ARTs) 🗂️📝https://t.co/yT3pSGSowh pic.twitter.com/DvycTm2MqI— EU Banking Authority - EBA 🇪🇺 (@EBA_News) March 13, 2024As the crypto ecosystem has experienced concerning developments, such as the collapse of crypto-asset service providers, ESMA has incorporated these lessons into the regulatory framework. This article was written by Damian Chmiel at www.financemagnates.com.

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  • SEC Seeks Nearly $2 Billion from Ripple Labs

    Mar 26, 2024 | 00:11 am

    The US Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines and penalties from Ripple Labs, the crypto company’s CEO and Chief Legal Officer revealed with a social media post yesterday (Monday).Heavy Penalties on RippleAccording to a tweet by Ripple’s Chef Legal Officer, Stuart Alderoty, the regulator has already asked the court for heavy fines and penalties. The SEC, which filed the motion under seal, is expected to come up publicly with the move on Tuesday, while Ripple will file its response next month.Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead. They stayed true to form here. 2/4— Stuart Alderoty (@s_alderoty) March 25, 2024A Coindesk report detailed that the agency is seeking $1.95 billion in total, out of which $876 million in disgorgement, $198 million in prejudgment interest, and $876 million in civil penalty.“As we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized, and designed to mislead. They stayed true to form here,” Alderoty noted. “Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple - and the industry at large.”A High-Profile Crypto LawsuitThe American regulator first moved against the blockchain company in December 2020, alleging the illegal sale of XRP tokens to both retail and institutional investors, raising more than $1.3 billion. According to the regulator, XRP is unregistered securities.The initial regulatory lawsuit named Ripple’s CEO, Brad Garlinghouse, and the Co-Founder, Chris Larsen, but charges against them were dropped last October. Last July, the New York federal court ruled that the sale of XRP on exchanges and through algorithms did not violate any American securities law; however, sales to institutions did.“The SEC asks the Court to consider how easily actors, particularly in the crypto asset space, can today engage in the same sort of conduct as Ripple’s and send a strong message that such abuses will not be tolerated,” the latest motion filed by the SEC stated. This article was written by Arnab Shome at www.financemagnates.com.

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  • How to Add Core to MetaMask

    Mar 25, 2024 | 20:33 pm

    In this guide, we outline the safest and easiest way to add Core DAO to your MetaMask Wallet. Get started with the verified RPC and Chain ID to use the Bitcoin EVM chain.

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  • Robert Kiyosaki: Bitcoin Halving to Boost Price to $100,000 by September

    Mar 25, 2024 | 13:39 pm

    The renowned author of "Rich Dad, Poor Dad", Robert Kiyosaki, has predicted that Bitcoin will reach $100,000 by September, thanks to Bitcoin halving. Kiyosaki, known for his insights on wealth and investment strategies, plans to accumulate 10 Bitcoins before April, according to his post on X.He mentioned: "I am buying 10 more Bitcoin before April. Why? The 'Halving'. If you can't afford a whole Bitcoin, you may want to consider buying 1/10 of a coin via the new ETFs or Satoshi's. If the Bitcoin process works as designed, you may own a whole Bitcoin by the end of this year."Bitcoin Predictions and Economic UncertaintyKiyosaki's prediction is informed by his assessment of the global economic situation. He highlighted various factors contributing to financial instability, including the United States' staggering debt, China's troubled property market, and the economic challenges in Japan and Germany. Additionally, he highlighted consumers' reliance on credit cards, the state of troubled banks, and the looming global conflicts.I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.If the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year. I…— Robert Kiyosaki (@theRealKiyosaki) March 25, 2024He stated: "Because the 'smart money' knows the U.S. is the biggest debtor nation in the world; China's property market is 'toast'; Japan has been in a depression since 1990; Germany is sliding into a depression, mom and pop consumer are living on credit cards; banks are in trouble; and the world is on the brink of war."Bitcoin, Gold, and SilverBesides his recommendation for Bitcoin, Kiyosaki is bullish about investing in silver, particularly U.S. Silver Eagles. He cited their scarcity and the challenges in obtaining pre-1964 U.S. silver coins. Kiyosaki emphasized the affordability of silver as a precious metal investment alongside Bitcoin and gold, which he sees as essential to hedge against financial instability.Kiyosaki echoed the sentiments of Bitcoin advocate Michael Saylor, underscoring the risks associated with saving in fiat currency, which Saylor refers to as "fake money." Urging individuals to steer clear of financial impoverishment, Kiyosaki, along with Saylor and colleague Andy Schectman, encourages investors to acquire Bitcoin, silver, and gold to hedge against economic uncertainty.He added: "Of the three, silver is the most affordable for the most people. Bitcoin is about $70,000 a coin, gold is about $2,500 per coin, silver is about $35.00 a coin. Almost everyone in the world can afford at least one silver coin or one Bitcoin Satoshi." This article was written by Jared Kirui at www.financemagnates.com.

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  • LSE Opens Doors to Bitcoin and Ethereum ETN Applications

    Mar 25, 2024 | 10:49 am

    In a follow-up to the Stock Exchange Notice issued on March 11, 2024, the London Stock Exchange (LSE) has disclosed its intention to commence accepting applications for the admission to trading Bitcoin and Ethereum Crypto Exchange-Traded Notes (ETNs) from April 8, 2024.Regulatory Hurdles: FCA Approval Crucial for LSE's Crypto ETN LaunchThe Exchange's decision is contingent upon the approval of the base prospectuses by the Financial Conduct Authority (FCA), which is necessary for listing Crypto ETNs on the Main Market and the Official List of the FCA. Pending regulatory approval, the proposed date for the commencement of trading for these Crypto ETN securities is slated for May 28, 2024.The LSE has strategically opted to launch the market for Crypto ETNs on May 28 to facilitate the maximum participation of issuers on the inaugural trading day. This choice of date factors in the necessity for issuers to meet the eligibility criteria outlined in the Crypto ETN factsheet. Additionally, it allows ample time for issuers planning to list securities on the launch date to compile the requisite documentation to establish a Crypto ETN program, including obtaining the FCA's approval for the base prospectus.*LSE TO ACCEPT APPLICATIONS FOR BITCOIN, ETHEREUM ETN ADMISSION: BBG— Tree News (@News_Of_Alpha) March 11, 2024Compliance Crucial: Standards for Participation in LSE's Crypto ETN DebutIssuers intending to establish a Crypto ETN program for listing securities on the Main Market on May 28, 2024, are required to furnish the Exchange with necessary information no later than April 15, 2024. This includes a detailed letter outlining how the issuer and/or the Crypto ETN meet the stipulated requirements as per the Crypto ETN factsheet, along with a draft of the base prospectus indicating the inclusion of disclosures about these requirements.However, issuers must adhere to Admission and Disclosure Standards to partake in the first day of trading of Crypto ETNs on May 28, 2024. Failure to satisfy these standards will result in exclusion from participation. Specifically, issuers will be ineligible if they fail to demonstrate compliance with the requirements outlined in the Crypto ETN factsheet, submit their application for admission post the April 15, 2024 deadline, or if their base prospectus fails to secure the FCA's approval by midday on May 22, 2024. This article was written by Tareq Sikder at www.financemagnates.com.

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  • SFC Warns against Fraudulent Crypto Exchanges in Hong Kong

    Mar 25, 2024 | 09:38 am

    The Securities and Futures Commission of Hong Kong (SFC) has sounded the alarm against two dubious trading platforms, HKCEXP and EDY, today (Monday). In an official statement released on its website, the SFC cautioned investors about engaging with these platforms, citing suspicions of fraudulent activities.Allegations of False Claims and Withdrawal WoesAccording to the SFC, EDY is purported to be a virtual asset trading platform, falsely claiming affiliation with a financial institution in Hong Kong and a digital token system developed by another financial institution. However, investigations have revealed no such associations exist. Moreover, investors have lodged complaints stating they encountered difficulties withdrawing funds from the platform post deposits, indicating potential malpractice.Similarly, HKCEXP, another entity claiming to be a virtual asset trading platform, allegedly operates with a fake Hong Kong address and has misrepresented itself as an "SFC-registered company." Investors have reported instances where they were coerced into paying exorbitant fees under the guise of "taxes" to facilitate withdrawals.Hong Kong SFC Warns Public against HKCEXP for Suspected Crypto Fraud https://t.co/zqF7VdVEsC pic.twitter.com/RU6ERh7gkr— Coinspeaker (@coinspeaker) March 25, 2024In response to these alerts, the SFC advises that investors refrain from dealing with these platforms and report any suspicious activities to the regulator promptly. They emphasize the importance of verifying the legitimacy of trading platforms and ensuring compliance with regulatory requirements before making any investment decisions.SFC Warning on Bybit's Unlicensed OfferingsThe SFC issued a warning to investors regarding Bybit and its offerings in the cryptocurrency space, as reported earlier by Finance Magnates. Bybit, a cryptocurrency exchange, lacks the necessary licensing, posing risks to investors. The SFC identified 11 of Bybit's products as potentially suspicious investments, including futures contracts, options, leveraged tokens, and other crypto-related services. These products have been marketed to investors in Hong Kong without proper authorization, exposing them to significant financial risks. Dealing with crypto-related products in Hong Kong is regulated, requiring entities to obtain licensing from the SFC. This article was written by Tareq Sikder at www.financemagnates.com.

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  • How to Add NEO to MetaMask

    Mar 25, 2024 | 08:02 am

    In this guide, we outline whether you can add the NEO Layer 1 blockchain to your MetaMask Wallet. Get started quickly with the verified Chain ID and RPC details.

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  • Binance Faces Escalating Regulatory Pressure: Philippines Blocks Operations

    Mar 25, 2024 | 07:03 am

    The Securities and Exchange Commission (SEC) of the Philippines has blocked the cryptocurrency giant Binance. This action was taken after the exchange was found to be operating an investment and trading platform without the necessary license, raising concerns about the security of investors' funds.The commission approved the filing of a formal request with the National Telecommunications Commission (NTC) to block the exchange's website and other associated web pages in a meeting held on March 12.In the letter addressed to the NTC, the SEC’s Chairperson, Emilio Aquino, mentioned: "The SEC has identified the aforementioned platform and concluded that the public’s continued access to these websites or apps poses a threat to the security of the funds of investing Filipinos."Promotional ActivitiesAccording to the Philippines' securities watchdog, Binance has not obtained the required license from the SEC despite defining itself as a trading facility offering various investment products, including spot trading, futures contracts, and cryptocurrency savings accounts. This contravenes the country's regulations, which mandate licenses for soliciting investments from the public and operating securities exchanges.The SEC noted that Binance has an average daily trading volume of $65 billion across more than 402 cryptocurrencies, with a membership of over 183 million users. The platform has actively used promotional campaigns on social media to entice Filipinos into investment and trading activities.Binance Faces Regulatory Hurdles GloballyIn November last year, the SEC warned the public against investing in Binance. The agency has been collaborating with the NTC to block websites that illegally offer investments in the Philippines. Earlier actions included blocking websites and apps on other platforms like OctaFX and MiTrade, highlighting the regulator's commitment to protecting the investing public.Notably, the SEC has assured investors adequate time to exit the platform and transition their portfolios to authorized investment products and platforms.The enforcement action against Binance added to the exchange's growing list of regulatory challenges worldwide. From France to Nigeria, Binance has faced increased scrutiny and regulatory pressure over its operations. Notably, Nigeria's Securities and Exchange Commission has highlighted similar concerns regarding the solicitation of Nigerian citizens for crypto trading activities by Binance.Additionally, Binance's operations in the United States faced intense scrutiny, leading to significant legal battles and multi-billion-dollar settlements. The exchange officially exited the US market, and its Former CEO, Changpeng Zhao, stepped down from his role. This article was written by Jared Kirui at www.financemagnates.com.

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  • New Spot BTC ETFs Take Market Share From BTC Futures ETFs

    Mar 25, 2024 | 06:46 am

    The new US spot bitcoin ETFs, which launched in January after gaining the SEC's approval, have dramatically shifted the crypto industry landscape, and appear to be in the process of altering traditional finance. In fact, the new ETFs have been unprecedented in their levels of attention and initial demand over their first two months, and are leading to an urgent need for deeper analysis of bitcoin and crypto among traditional financial firms. The global trading and investment firm Exante, providing access to markets encompassing shares, ETFs, currencies, metals, and bonds across more than twenty locations, exemplifies this trend. Recognizing that offering ETFs also entails providing access to BTC, Exante has been quick to get to grips with bitcoin as a legitimate new asset class.Focused on Crypto ETF AnalysisExante is publishing a digest titled "The Crypt," which focused on crypto ETFs, with analysis based on the firm’s proprietary data along with insights curated from third parties, and the first issue, published this month, provides useful data, analysis and speculation on how the BTC ETFs have been performing and where they might be headed from here.The digest got straight to the point from the first paragraph and set a bullish tone when it explained: “Our clients are jumping in wholeheartedly, investing more into these new ETFs, as a percentage, than the market average. An example of this is on Monday, 11 March when Bitcoin hit a new high, our clients' AuM was +11.18% day-over-day compared to the Total market AuM which was actually -0.97%.” This ties in with recent analysis from JP Morgan which compared BTC ETFs with gold ETFs, and noted that even as bitcoin funds have seen strong inflows, gold ETFs have seen movement in the opposite direction. In short, when it comes to ETFs, bitcoin is catching up with gold, and there’s the suggestion that attitudes towards the new bitcoin funds are detached from broader sentiment."Led by the newly created spot bitcoin ETFs, bitcoin funds saw an inflow of $10.6bn YTD vs. an outflow of $7.6bn for physical gold ETFs."- JPMorgan pic.twitter.com/WXahLyBqAK— Daily Chartbook (@dailychartbook) March 18, 2024It’s apparent also, in Exante’s data, that the firm’s clients are switching from previously existing bitcoin products, into the new ETFs. It seems, then, that not only are the newer products creating fresh demand, but they’re also exercising a pull on investors who were already open-minded towards crypto. Relatedly, it should be noted that among new ETF issuers, we have the financial giants BlackRock and Fidelity, which can exert outsized gravity.Exante noted that: “The surge in Bitcoin is being driven largely by the enormous success of Spot Bitcoin ETFs, including those from BlackRock and Fidelity Investments, which now control around 69% of the market and have already drawn net inflows of about $10 billion.”The figure of $10 billion has actually grown further, and the digest went on to suggest that: “The impetus behind the growth in EXANTE’s clients interest has much to do with how the overall crypto market has been revitalised since these ETFs came into being. And, the overwhelming success of the ETFs to date seems to be creating an almost virtuous circle for Bitcoin and other digital tokens.” This has certainly appeared to be the case since soon after the ETFs launched, with soaring BTC price action breaking previous trends by achieving a new all-time high before the upcoming halving event in April, something which has never happened before in any of Bitcoin’s previous four-year halving cycles (with the caveat that bitcoin’s history only goes back as far as 2009.) We’ve also seen the exuberance around bitcoin spread to cryptocurrencies across the board, and most recently, there has been intense trading around meme coins launched on the Solana blockchain, with the SOL token itself hitting prices not seen since 2021.Seasoned crypto participants will point out that periods of hyper-bullishness and explosive gains are nothing new in crypto, but still, there is a sense that the current cycle feels accelerated, ahead of schedule, and doesn’t map precisely onto previous patterns.What Happens Next?The Exante digest concluded by wondering whether current levels of demand for bitcoin are sustainable, noting that while crypto ETPs have been offered in European markets since 2019, the approval of spot BTC ETFs in the US was “a watershed moment,” meaning that “US investors could access the Spot price of Bitcoin in a brokerage account via a less risky ETF structure.” Furthermore, citing data from The Block, the digest outlined how, with regard to all ETFs offering bitcoin price exposure: “Spot Bitcoin ETFs now hold nearly 90% of the daily trading volume market share, while bitcoin futures ETFs, introduced in 2021, account for around 10%. What is becoming clearer is that ETFs appear to be improving liquidity for Spot Bitcoin traders, with better crypto market depth.”And, then there are the knock-on global effects, with the report citing recent developments in the UK, where the Financial Conduct Authority will, “accept requests from Recognised Investment Exchanges to list crypto asset-backed Exchange Traded Notes. The products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets.” Additionally, “the London Stock Exchange started accepting applications for Bitcoin and Ethereum exchange-traded notes.” While, on the other side of the world, “Thailand’s Securities and Exchange Commission said it would allow institutional investors and very high-net-worth individuals to invest in crypto exchange-traded funds.”Finally, the digest noted the increased bitcoin-related activity in the derivatives sector, explaining that in the first half of March,“Outstanding contracts, or open interest, at the Chicago Mercantile Exchange (CME) Bitcoin futures market reached a fresh peak.”And, it explained that the CME is currently the largest holder of bitcoin futures. “This dominance wasn't present during the November 2021 peak, which was followed by a rapid 31.5% price decline. In terms of Bitcoin open interest specifically, the current figure is 27% lower than its October 2022 peak. All of this points to the fact that there is increasing US institutional demand for crypto-related[…]

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