After 13 days in an ‘extreme greed’ phase of Bitcoin euphoria, the drop to $61,000 has pushed investor sentiment back into plain ‘greed,’ according to Coinglass. As of press time, Bitcoin is trading at $63,700, just 13% down from its all-time high. At a level of 74 out of 100 on the fear and greed...Read full story at CryptoSlate >
Liquid restaking platform EtherFi’s ETHFI token has faced considerable struggles since its airdrop, partly due to one of its early investors selling their airdropped tokens. Blockchain analytical firm Nansen reported how Arrington XRP Capital, one of EtherFi’s investors, allegedly may have gamed EtherFi’s airdrop process for personal profit. Arrington ‘sybils’ EtherFi Nansen’s findings reveal that Arrington...Read full story at CryptoSlate >
Sam Bankman-Fried’s (SBF) lawyers have heavily criticized the Department of Justice’s sentencing memorandum in a March 19 letter to Judge Lewis Kaplan. In the letter, the lawyers described the DOJ’s proposed maximum sentence of 50 years imprisonment for SBF as “disturbing” and “with marked hostility.” According to the lawyers: “The memorandum distorts reality to support...Read full story at CryptoSlate >
Bitcoin ETFs saw a second day of outflows on March 19, the first instances of back-to-back outflows since Jan 25. Net outflows totaled $362 million, with Grayscale accounting for all outflows at $443 million. Most funds saw no net movement, with BlackRock, Fidelity, and Bitwise seeing inflows, according to Bitmex Research. BlackRock recorded just $75...Read full story at CryptoSlate >
Solana (SOL) fell 15.9% on March 19 to a five-day low of $166 after a week-long rally that briefly took it close to $210 as it a new all-time high market cap of around $92 billion. As of press time, SOL had recovered some of the losses as market momentum shifted to bullish after a...Read full story at CryptoSlate >
The US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show. The delays affect proposals from investment firms, including VanEck, Ark Invest, Hashdex, and Grayscale — which has added a staking component to its ETH ETF application along with Fidelity — sparking discussions about the future...Read full story at CryptoSlate >
Genesis and Gemini have taken steps to compensate users affected by their failed Earn program. According to a March 19 statement from Gemini, Genesis asked a bankruptcy court to approve a settlement in principle that will distribute funds to users. The request will be considered during an upcoming hearing on April 16. If the settlement...Read full story at CryptoSlate >
BlackRock, the world’s largest asset management firm, has created a new tokenized asset fund, according to a March 19 SEC filing. The initiative — dubbed the BlackRock USD Institutional Digital Liquidity Fund — is registered in the British Virgin Islands and developed in partnership with San Francisco-based Securitize, a company focused on asset tokenization. The...Read full story at CryptoSlate >
The UK Financial Conduct Authority (FCA) announced that it intends to recover the equivalent of $8 million in costs stemming from the supervision of stablecoins and crypto, according to a March 19 release. The funds will be recovered in the form of fees placed on stablecoin issuers and digital asset custodians. The regulator mainly plans...Read full story at CryptoSlate >
Bankrupt crypto lender Genesis Global has consented to a $21 million civil penalty tied to the now-defunct Gemini Earn lending initiative, according to a March 19 statement from the US SEC. Under the settlement terms, the SEC will not be paid the penalty until Genesis satisfies all bankruptcy claims, including those from Gemini Earn investors....Read full story at CryptoSlate >
Bitcoin Lightning Network liquidity provider LQWD Technologies has partnered with Amboss Technologies to establish further institutional liquidity on Lightning. The collaboration positions LQWD to contribute liquidity to Amboss’s marketplace, enabling the fulfillment of market demand for Lightning Network liquidity while generating a yield on LQWD’s Bitcoin holdings. Amboss, a provider of data analytics solutions and...Read full story at CryptoSlate >
Realized profit represents the cumulative profit of all Bitcoins moved on-chain, calculated as the difference between the acquisition and movement prices. It’s a direct measure of the profitability for Bitcoin holders, indicating when investors are likely to sell and take profits. On the other hand, the realized cap offers a more accurate representation of the...Read full story at CryptoSlate >
Bitcoin development and Business intelligence firm MicroStrategy has bought more than 9,000 BTC for $623 million, according to a March 19 filing with the US Securities and Exchange Commission (SEC). According to the filing: “MicroStrategy acquired approximately 9,245 bitcoins for approximately $623.0 million in cash, using $592.3 million of proceeds from the Offering and $30.7...Read full story at CryptoSlate >
Solana Labs Co-Founder Anatoly Yakovenko has seemingly taken a stand against Solana-based memecoins, calling for investors to “stop doing this” in relation to data showing the high volume of SOL being sent to memecoin pre-sale contracts. On-chain sleuth ZachXBT shared the image below detailing a list of social media accounts that had recently raised significant...Read full story at CryptoSlate >
Grayscale Bitcoin exchange-traded fund (GBTC) fees will gradually decrease as the market evolves, according to CEO Michael Sonnenshein. In a March 19 CNBC report, Sonnenshein pointed out that the fee reductions would align with market maturity, saying: “We have seen this in countless other exposures, countless other markets, you name it, where typically when products...Read full story at CryptoSlate >
Libre, the institutional Web3 infrastructure platform, has officially launched on-chain, enabling the tokenization of alternative assets following its successful cross-chain transaction on Polygon, according to a March 19 statement shared with CyptoSlate. Libre is a collaborative effort between WebN, a web3 incubator hub, and Japan-based investment bank Nomura’s digital asset subsidiary, Laser Digital. Earlier in the...Read full story at CryptoSlate >
Changpeng Zhao, the embattled co-founder of Binance, wants to launch a non-profit educational platform called Giggle Academy. Zhao had earlier hinted about the project in a cryptic March 18 post on X (formerly Twitter), where he wrote: “Launching a new project. No, no new tokens. Education project. More details soon.” What is Giggle Academy? According...Read full story at CryptoSlate >
BitMEX is investigating an unusual activity involving “a user selling large orders” on its Bitcoin spot market. Yesterday, several market observers identified a rogue seller who unloaded more than 400 BTC on the BitMEX exchange. This action resulted in the flagship digital asset crashing by 87% to as low as $8900 on the platform yesterday...Read full story at CryptoSlate >
Update: A further $90 million was liquidated since press time, bringing the total liquidations to $623 million over the past 24 hours. $67 million longs and $23 shorts were liquidated in the past hour. The market has weathered $542 million in Bitcoin and crypto liquidations over the past 24 hours as Bitcoin fell below $64,000...Read full story at CryptoSlate >
The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by Debt Box. This decision...Read full story at CryptoSlate >
US SEC chair Gary Gensler condemned “AI washing” or the abuse of artificial intelligence (AI) and said such activities “may violate the securities laws.” Gensler made the statements on March 18 in tandem with lawsuits and regulatory action by the SEC against AI washing, which occurs when members of the financial sector make false claims...Read full story at CryptoSlate >
Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing. The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the possibility...Read full story at CryptoSlate >
Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and Euro-based stablecoin pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from June....Read full story at CryptoSlate >
A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC). The ruling comes amid rising tensions between the crypto exchange and Nigerian authorities over the past month as the country’s fiat currency collapsed...Read full story at CryptoSlate >
There’s a misguided belief that memecoins are helping people out of poverty that I believe is really damaging to the space. More so, I think chains like Solana and Avalanche, which are seeing increased attention due to memecoin fervor, are incredibly overheated. Essentially, memecoin volumes are vanity metrics akin to likes and followers on social...Read full story at CryptoSlate >
Global financial giant Standard Chartered has revised its forecast for Bitcoin’s price, now foreseeing the flagship digital asset soaring to $150,000 by year-end, citing favorable market conditions. Earlier in the year, the bank’s head of crypto research, Geoffrey Kendrick, predicted that the BTC price would climb to $100,000 by the end of the year and...Read full story at CryptoSlate >
The Cardano blockchain has welcomed its first fiat-backed stablecoin with the introduction of the USDM by Mehen Finance on March 17. According to the project: “USDM will slowly be arriving on-chain the week of the 18th.” The launch of this stablecoin comes almost two years after the release of its white paper. Matthew Plomin, the...Read full story at CryptoSlate >
Solana’s SOL has surged to a new all-time high of 0.05797 against Ethereum, according to Tradingview data. This price performance follows its recent surge above the $200 mark for the first time since November 2021, coinciding with the blockchain record-breaking network activity. The price uptick has propelled Solana’s market capitalization to an unprecedented high of...Read full story at CryptoSlate >
If you’re a keen reader of CryptoSlate, you may have noticed that our editorial style avoids referring to Bitcoin as ‘crypto.’ This isn’t accidental, and the choice was not pedantic. We believe that Bitcoin stands apart from other digital assets we traditionally classify under the broad term ‘crypto.’ I stand behind this vision; however, it...Read full story at CryptoSlate >
The developer of the Slerf memecoin inadvertently burned both the liquidity pool and the 500 million tokens designated for pre-sale participants in a botched launch today. The project had successfully raised over $10 million during its pre-sale. Over the weekend, the project was one of the numerous Solana-based memecoins that had attracted millions from crypto enthusiasts...Read full story at CryptoSlate >
Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered to trade around $68,300. However, several price swings of between 3% – 7% have been prevalent throughout the weekend. Bitcoin...Read full story at CryptoSlate >
Over the years, the Asia Pacific region (APAC) has established itself as an impressive environment for the rapidly growing technology industry. From the bustling tech hub of Singapore to the financial might of Hong Kong, the flourishing Web3 community in Vietnam, and the impressive technological creativity of Japan, APAC has consistently been at the forefront...Read full story at CryptoSlate >
Over the last three years, the crypto space has undergone massive upheavals. Alongside the boosting from stimulus packages in 2021, venture capital (VC) firms had invested $33 billion in crypto and blockchain startups. The following year, the Federal Reserve triggered a domino of crypto bankruptcies with its interest rate hiking cycle, starting from the Terra...Read full story at CryptoSlate >
MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over 15,000 BTC worth nearly $1 billion...Read full story at CryptoSlate >
After a face-melting rally in the AI crypto sector over the past few months, investors appear to have taken a profit-taking approach over the past few days. The sector soared past $10 billion in mid-February, buoyed by Bittensor’s remarkable climb to a $4 billion market cap with an increase of over 220% in 2024. By...Read full story at CryptoSlate >
Vanguard CEO Tim Buckley said Bitcoin needs to “change as an asset class” for the investment firm to consider it as a viable option and has no intention of changing its mind about spot Bitcoin ETFs until that happens. Buckley made the statement in a preview clip of an upcoming webcast posted on March 15....Read full story at CryptoSlate >
Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview months ago. Bloomberg drew attention to the silent change in a March 15 report, which revealed that Binance Labs had added a disclaimer about the change on its website earlier in...Read full story at CryptoSlate >
Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds. The US Attorney’s Office for the Southern District of New York filed...Read full story at CryptoSlate >
Solana (SOL) broke new ground on March 15 after an 11% rally brought its market capitalization to a new all-time high of $82.5 billion at a price of $186.77 per token despite the overall downtrend, which saw the market contract by 4%. This achievement surpasses its prior peak market cap of approximately $77.9 billion —...Read full story at CryptoSlate >
While Bitcoin has seen a pullback from its recently set new all-time high of $73,750 on March 14, currently trading down around 8%, other Bitcoin forks have fared much worse. Following the morning of the landmark ruling against Craig Wright on March 14, Bitcoin Satoshi’s Vision is down 17% against BTC. Other Bitcoin forks, such...Read full story at CryptoSlate >
Hong Kong financial regulator, the Securities and Futures Commission (SFC), issued a public warning about MEXC’s unlicensed operations within its jurisdictions. SFC stated: “The entity purports to be a virtual asset trading platform operating at the above website. It has been targeting Hong Kong investors but is not licensed by the Securities and Futures Commission.”...Read full story at CryptoSlate >
El Salvador received Bitcoin donations after President Nayib Bukele shared the Central American country’s digital wallet address with the public. In a March 14 post on social media platform X (formerly Twitter), Bukele revealed that the country transferred “a big chunk of our Bitcoin to a cold wallet and stored that cold wallet in a...Read full story at CryptoSlate >
The notional total of leveraged long Bitcoin derivatives traders still surpasses $40 billion even after the recent swathe of liquidations, according to data from Coinglass. Shorts are primarily above $71,000 and amount to around $12 billion in notional value. Total open interest in futures contracts comes to $35 billion, while options contracts hold $31 billion...Read full story at CryptoSlate >
The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. In the March 11 letter to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler advised the financial regulator to...Read full story at CryptoSlate >
Bitcoin ETF inflows totaled $132 million on March 14, per data from Bitmex Research. The result, while strong, marks a slowdown from earlier in the week. BlackRock’s Bitcoin ETF saw $345.4 million in inflows, the highest among providers. However, Grayscale’s Bitcoin Trust (GBTC) experienced outflows of $257.1 million, down slightly from the day before. In...Read full story at CryptoSlate >
The Avalanche Foundation has announced its acquisition of five community (meme) coins native to the Avalanche blockchain network, as reported in a recent blog post. This move is part of the Foundation’s ongoing Culture Catalyst program, which aims to support Web3 creators, drive innovation on Avalanche, and promote broader blockchain adoption. According to the Avalanche...Read full story at CryptoSlate >
Bitcoin experienced a heavy price correction during Asian trading hours, dipping to a multi-week low of under $66,000, which resulted in significant losses for traders betting on further price increases. Over the past weeks, the flagship digital asset, fueled by the buzz surrounding the spot Bitcoin exchange-traded funds (ETFs), had been on an upward trend...Read full story at CryptoSlate >
The European Commission has initiated a comprehensive inquiry into the risks posed by generative AI technology on some of the world’s largest online platforms and search engines. The March 14 request targets eight online services: Google Search, Microsoft Bing, Facebook, X, Instagram, Snapchat, TikTok, and YouTube. The European Commission said: “The questions relate to both...Read full story at CryptoSlate >
The distribution of Bitcoin’s supply across various cohorts — shrimps, crabs, fish, sharks, and whales — can help us understand how each market segment behaves. Shifts in Bitcoin’s supply among these groups are heavily correlated with price movements and broader market trends, which is why understanding them is essential when analyzing the market. Shrimps represent...Read full story at CryptoSlate >
Hong Kong’s Securities and Futures Commission (SFC) has added Bybit to its list of suspicious virtual asset trading platforms and issued a public warning about its unlicensed operations. In a March 14 warning, the SFC said the platform is unlicensed and expressed concerns that Bybit has offered its products to Hong Kong investors. Unlicensed operations...Read full story at CryptoSlate >
Cetera Financial Group has introduced a new initiative aimed at supporting financial advisors with the integration of spot Bitcoin ETFs into investment strategies. The policy, revealed in a March 14 press release, marks a pivotal step in accommodating the growing investor appetite for investment options involving Bitcoin. Cetera has an impressive roster of over 12,000...Read full story at CryptoSlate >
Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions. Last year, the group ceased using the crypto mixer after US government sanctions, which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets. Following the...Read full story at CryptoSlate >
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have been...Read full story at CryptoSlate >
Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries. Over the past three weeks,...Read full story at CryptoSlate >
Crypto.com has incurred a €2.85 million ($3.1 million) fine from the Netherlands Central Bank for operating within the European country without registration for two years. The penalty specifically targets Forix DAX Mt, the Dutch trading entity of Crypto.com. In a March 13 statement, it was revealed that the Apex Bank imposed this fine on the...Read full story at CryptoSlate >
Transaction fees across various Ethereum layer-2 networks, such as Base, StarkNet, and Optimism, have seen significant reductions following the implementation of the Dencun upgrade. Yesterday, the Dencun upgrade went live after months of anticipation within the crypto community. The upgrade, described as the most “complex fork” since Ethereum transitioned into a proof-of-stake network, introduced a...Read full story at CryptoSlate >
Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting...Read full story at CryptoSlate >
A recent phishing attack has left a crypto investor reeling from a loss of 501 ETH, valued at approximately $2 million, staked through liquid restaking protocol Ether.Fi. On-chain data reveals that the theft occurred earlier today and involved two transactions. In one transaction, 426 ETH were siphoned, followed by another 75 ETH in a subsequent...Read full story at CryptoSlate >
Miami, Florida, March 14, 2024 – IntoTheBlock, a leading provider of on-chain analytics has announced the integration of the TRON network into its Market Intelligence suite. Thanks to a collaboration with TRON DAO, these advanced indicators will be available for free to the TRON DAO community. The TRON network, known for its reliability, large user...Read full story at CryptoSlate >
A US bankruptcy court has approved Terraform Labs’ request to retain law firm Dentons despite concerns raised by the company’s creditors and the SEC. This approval comes on the heels of Dentons’ commitment to return $48 million to Terraform, a substantial part of the retainer fee initially paid to the firm for legal services, marking...Read full story at CryptoSlate >
A federal court denied crypto exchange Gemini and Genesis Global Capital’s joint motion to dismiss the SEC’s case regarding their defunct Gemini Earn program, according to a March 13 filing. The court also denied the companies’ motion to strike the regulator’s requests for permanent injunctive relief and disgorgement. The court found that the SEC’s complaint...Read full story at CryptoSlate >
As the facilitators of the network’s security and transaction verification process, Bitcoin miners significantly influence the supply of BTC in the market. This is why no market analysis can be complete without analyzing the changes in miners’ balances and activity. Firstly, changes in miner balance and activity provide insight into the sector’s economic health and...Read full story at CryptoSlate >
Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow made the statement during a podcast appearance on March 12, reaffirming previous predictions regarding Bitcoin reaching a seven-figure price level. Mow’s bullish stance...Read full story at CryptoSlate >
Changpeng Zhao, co-founder and former CEO of Binance, has been instructed by US authorities to surrender his Canadian passport before sentencing in April. The directive forms part of a series of restrictions imposed on his bond terms by Judge Richard A Jones on March 11. New restrictions Judge Jones ruled that Zhao must stay within...Read full story at CryptoSlate >
The European Central Bank is pushing ahead with plans to launch a digital euro, aiming to provide a pan-European digital payment solution that complements cash, according to Piero Cipollone, Member of the Executive Board of the ECB. Speaking at the Convegno Innovative Payments conference, Cipollone outlined the fundamental design choices and rationale behind the digital...Read full story at CryptoSlate >
In the latest episode of the SlateCast, hosts Liam “Akiba” Wright and Nate Whitehill welcomed Margot Paez, a pro-Bitcoin climate change physicist and fellow at the Bitcoin Policy Institute. The discussion centered around the misconceptions surrounding Bitcoin’s energy usage and its potential role in addressing climate change. Bitcoin’s energy usage and climate impact Paez, a...Read full story at CryptoSlate >
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms. This move marks an alignment between two of the most active DEXes in the Cosmos ecosystem, aiming to improve the overall trading experience and capital efficiency...Read full story at CryptoSlate >
Geneva, Switzerland, March 18, 2024 – TRON DAO is glad to announce the integration with Amazon Web Services (AWS). This integration introduces the TRON Full Node on AWS, enabling users and developers to launch a TRON Full Node with unparalleled ease and efficiency. Seamless Full Node Deployment on AWS Through this integration, launching a TRON...Read full story at CryptoSlate >
The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism. According to CryptoSlate’s data, the sector has surged by approximately 5% in the last 24 hours, reaching a total market capitalization of...Read full story at CryptoSlate >
The Monetary Authority of Singapore (MAS) has granted in-principle approval to the Singapore subsidiary of OKX exchange, permitting it to function as a payments Institution, according to a Mar. 12 statement. With this Major Payments Institution (MPI) license, OKX gains the authority to offer crypto and cross-border money transfer services within Singapore, marking a significant...Read full story at CryptoSlate >
Grayscale Bitcoin Trust (GBTC) has experienced a potential shift in investor sentiment, as evidenced by the significant drop in outflows on March 12. The data reveals that outflows plummeted to just $79 million on this date, starkly contrasting the substantial outflows observed in the preceding weeks and months. This sudden change in investor behavior can...Read full story at CryptoSlate >
Bitcoin’s price continued with its recent upward momentum following the record $1 billion inflow into the US-based exchange-traded funds (ETFs) on Mar. 12. According to CryptoSlate’s data, the flagship digital asset climbed to an all-time high of $73,637, resulting in significant losses of more than $100 million for traders speculating on its price during the...Read full story at CryptoSlate >
Roman Sterlingov has been found guilty by a jury on all charges related to the Bitcoin Fog coin mixer, according to a US Department of Justice press release. Sterlingov was charged with guilty of conspiracy, sting money laundering, operating an unlicensed money-transmitting business, and violations of the DC Money Transmitters Act. Together, the charges carry...Read full story at CryptoSlate >
BlackRock’s iShares Bitcoin ETF (IBIT) has grown its assets under management (AUM) by almost 50% in less than 10 days amid Bitcoin’s (BTC) rally to new highs, according to the firm’s data updated on March 12. IBIT has maintained its reign as the largest spot Bitcoin ETF out of the Newborn Nine — excluding the...Read full story at CryptoSlate >
Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT associated with a tech support scam network, according to a Mar. 12 statement. The fraudulent scheme targeted vulnerable elderly individuals through deceptive pop-up advertisements. These misleading ads falsely alerted victims to compromised devices,...Read full story at CryptoSlate >
Grayscale, the issuer of the world’s largest Bitcoin exchange-traded fund (ETF), has applied for a smaller version of its popular Grayscale Bitcoin Trust (GBTC) ETF under the “BTC” ticker, according to a Mar. 12 filing with the US Securities and Exchange Commission (SEC). Grayscale said: “This would be net-positive for existing GBTC investors, who would...Read full story at CryptoSlate >
There are many different ways to quantify market sentiment. Looking at price action provides a very crude but effective gauge of the market’s feelings — if the price is going down, the market’s most likely bearish, and vice versa. However, feelings about the future are very complex to analyze, especially when it comes to Bitcoin,...Read full story at CryptoSlate >
In the wake of new inflation data, the crypto market experienced $164.52M in liquidations over the past 12 hours, with $119.88M in long positions and $44.64M in short positions being flushed out. Bitcoin accounted for $48.31M of the total liquidations. The US Market Open again seemed to be a bigger catalyst than inflation data as...Read full story at CryptoSlate >
The Nigerian government reportedly obtained a court warrant to detain Binance officials for at least twelve days after they insisted they should be taken to their respective countries’ embassies, local media outlet Premium Times reported on Mar. 12. Detained officials identified Recently, the Nigerian government accused Binance of aggravating the country’s foreign exchange challenges by...Read full story at CryptoSlate >
Bitcoin ETF inflows surged on March 11, 2024, with a net gain of $505.5 million, according to data from Bitmex Research. The strong performance was led by BlackRock’s iShares Bitcoin ETF (IBIT), which saw inflows of $562.9 million, representing a 0.12% increase in total assets. Fidelity’s FBTC fund also contributed to the positive momentum, attracting...Read full story at CryptoSlate >
Nayyib Bukele, the President of El Salvador, revealed that the Central American nation generates multiple Bitcoin revenues from various channels alongside its BTC holdings. In a Mar 11. post on social media platform X (formerly Twitter), the president outlined four additional sources of Bitcoin revenue for the government, including: Revenue from its passport program. Income...Read full story at CryptoSlate >
Glassnode’s Bitcoin Spot Cumulative Volume Delta (CVD) registered its highest reading of 2024 on March 11, hitting nearly $900 million. This surge in the CVD, which measures the net difference between aggressive buying and selling pressure across major crypto exchanges, signals a strong bullish sentiment in the Bitcoin market. Looking at the hourly data, a...Read full story at CryptoSlate >
Coinbase has strongly criticized the Securities and Exchange Commission (SEC) for rejecting its rulemaking petition, labeling the decision “arbitrary and capricious.” The crypto exchange lodged this critique in a Mar. 11 petition filed before the US Court of Appeals for the Third Circuit. If Coinbase’s move is successful, the SEC would be compelled to establish...Read full story at CryptoSlate >
MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real...Read full story at CryptoSlate >
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025. Closing loopholes The new budget proposals specifically target a loophole that has previously allowed...Read full story at CryptoSlate >
In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%. According to Eric Balchunas, the odds are down sharply from previous estimates, which ranged between 60% and 70%. The revision reflects growing...Read full story at CryptoSlate >
MicroStrategy has increased its Bitcoin stash to more than 200,00 after acquiring 12,000 Bitcoin for $821 million between Feb. 26 and Mar. 10, according to a Mar. 11 SEC filing. This purchase was primarily financed by the net proceeds from its recent convertible debt offering, alongside excess cash reserves. With this purchase, MicroStrategy has acquired...Read full story at CryptoSlate >
Former US President Donald Trump said that Bitcoin is an “additional form of currency” that has “taken on a life” of its own, and he has no intention of stopping people from using it. Trump made the statement during an interview on CNBC’s Squawk Box on March 11. His comments come amid a backdrop of...Read full story at CryptoSlate >
Arbitrum’s decentralized autonomous organization (DAO) has withdrawn a proposal aimed at funding the legal defense expenses of Tornado Cash’s developers. In a Mar. 9 post on social media platform X (formerly Twitter), Joseph Axisa, the Arbitrum DAO contributor who wrote the proposal, explained that it was removed for further refinements. Axisa said: “[The] proposal was...Read full story at CryptoSlate >
Bitcoin setting a new all-time high and breaking above $72,000 is a significant milestone for the market. Riding the wave of increased institutional interest in spot Bitcoin ETFs, it smashed through the $68,000 ceiling established in November 2021 after a brief correction to $59,000 and seems to be gearing up for more gains this week....Read full story at CryptoSlate >
The London Stock Exchange intends to potentially list Bitcoin and Ethereum exchange-traded notes (ETNs) by the second quarter of this year, as revealed in a Mar. 11 market notice. This followed the UK’s Financial Conduct Authority (FCA) approval for Recognised Investment Exchanges (RIEs) to establish a listed market segment dedicated to crypto asset-backed ETNs, according...Read full story at CryptoSlate >
Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on...Read full story at CryptoSlate >
Bitcoin’s price is trading above $71,000 for the first time in its history after increasing by more than 2% during the past day. Over the weekend, Bitcoin largely hovered around the $68,000 mark. However, during the early Asian trading hours today, it surpassed the $70,000 threshold and quickly surged to above $71,500. This rapid ascent...Read full story at CryptoSlate >
ARK Invest CEO Cathie Wood recently declared that Bitcoin (BTC) will surpass the $1 million mark well before the anticipated year of 2030, which was her firm’s previous bull-case timeline. This updated price target comes as a result of new institutional involvement and significant regulatory milestones, especially the US approval of the first spot Bitcoin...Read full story at CryptoSlate >
Bill Ackman, a well-regarded investor and CEO of Pershing Square Capital Management, outlined a hypothetical scenario that has sparked intense debate among crypto enthusiasts, economists, and environmentalists. Ackman’s comments touched on several critical issues, including the sustainability of Bitcoin mining, its implications for global energy consumption, and the broader economic consequences of a rising reliance...Read full story at CryptoSlate >
Over 15 years ago, Satoshi invented the world’s first independently managed, self-operating financial system through cryptography. He aspired to push us all into a financial renaissance where our aging financial system would be replaced with one that favors no one entity or being. A fully transparent financial system that’s open 24 hours a day, seven...Read full story at CryptoSlate >
Wyoming has passed a law recognizing blockchain-based decentralized autonomous organizations (DAOs) as legal entities. The bill — titled the Decentralized Unincorporated Nonprofit Association Act (DUNA) — was signed by the state’s Governor on March 7 and will be effective starting July 1. The full text of the bill does not explicitly name DAOs. Instead, it...Read full story at CryptoSlate >
Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts of which were shared on social media. Influx of institutional interest Hougan wrote that Bitwise, and...Read full story at CryptoSlate >
Worldcoin developer Tools for Humanity has filed a lawsuit to appeal Spain’s recent ban on its data collection and usage within the country for three months. Worldcoin said in a March 6 blog post that Spain’s regulators circumvented the regular process around EU GDPR rules by issuing their order, leaving it no choice but to...Read full story at CryptoSlate >
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and the use of digital assets in cybercrime. The 2023 IC3 report serves as a comprehensive overview of the current state of internet crime, including the challenges and risks posed by the use of crypto in...Read full story at CryptoSlate >