Cryptocurrency news

• Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

  13-03-2024 23:36
  
  The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.
  
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• Bitcoin Whale Books $217 Million Profit After BTC Broke $73,000

  13-03-2024 23:00 via newsbtc.com
  
  The ongoing Bitcoin surge is proving lucrative for a crypto whale. According to Lookonchain data on March 13, one large BTC address has raked in $217 million in profits after prices rose above $73,000 earlier today. Profits would have even been higher because, over the past, the whale has been unloading large amounts via Binance, the world’s largest crypto exchange. This development follows Bitcoin’s solid growth. Since October 2023, the coin has been steadily rising,
  
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• Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says

  13-03-2024 22:29
  
  Bitcoin nearly doubled in price since late January, but a "counter move seems to be near," Swissblock analysts said.
  
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• Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin

  13-03-2024 22:02
  
  The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
  
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• Toncoin (TON) Hits New Yearly Peaks, Surging 60% On Buzz Surrounding Potential Telegram IPO

  13-03-2024 22:00 via newsbtc.com
  
  Toncoin (TON) has experienced a notable uptrend in recent weeks, driven by significant news and announcements surrounding the popular social media platform Telegram, the latest being a potential initial public offering (IPO). 
  Telegram User Base Surpasses 900 Million
  According to his latest appearance, aside from his constant announcements through his channel on the social media platform, Pavel Durov, the CEO of Telegram, shared that the messaging app has amassed over 900 million users, up
  
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• U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

  13-03-2024 21:33
  
  The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud.
  
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• The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?

  13-03-2024 21:03
  
  Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.
  
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• Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year

  13-03-2024 21:00 via newsbtc.com
  
  The CEO of Jan3 and Bitcoiner, Samson Mow, is still standing by his prediction that Bitcoin could hit $1 million sooner rather than later. During a recent interview, he explained why he is sticking to his ambitious price prediction. 
  Why Bitcoin Would Hit $1 Million This Year
  Mow mentioned during an interview with ‘What Bitcoin Did’ Host Peter McCormack that BTC will hit $1 million this year, if not this year, in 2025. He further explained that BTC’s current setup is well
  
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• Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising for Las Vegas Sphere Showing

  13-03-2024 20:55
  
  The meme coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signal increased market froth.
  
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• Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

  13-03-2024 20:42
  
  A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing.
  
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• Derogatory Elizabeth Warren Meme Coin Deleted From Coinbase's Website

  13-03-2024 20:34
  
  Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.
  
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• Cardano (ADA) Price Rally Is Far From Over, Here’s Why

  13-03-2024 20:00 via newsbtc.com
  Cardano (ADA) has notably trailed behind that of its contemporaries in the ongoing crypto bull run. While Bitcoin has surged to record new all-time highs, alongside a suite of other altcoins, ADA remains approximately 77% beneath its peak historical value. However, emerging technical patterns and market dynamics suggest that this trend could be poised for a reversal, with ADA potentially gearing up to narrow the gap.
  Cardano Bull Flag Formation: An In-Depth Look
  Central to this analysis is the b
  
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• Coinbase Nixes Page Promoting 'Elizabeth Whoren' Meme Coin

  13-03-2024 19:43
  
  Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.
  
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• XRP To Skyrockets To $1.33 Amidst April Rally: Analysts

  13-03-2024 19:00 via newsbtc.com
  
  XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November.
  XRP To Yield Gains From April Rally
  The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally. With a 50% rise from $0.50 on Monday, March 11, to a weekly high of $0.75, it got off to a great start this we
  
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• Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities

  13-03-2024 18:50
  
  Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said.
  
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• Why Prime Brokers Could Be a Source of Crypto Contagion

  13-03-2024 18:36
  
  Prime brokers are a new source of liquidity in this cycle, which could be good and bad in the long-run, says Phillip Moran, CEO of the Digital Opportunities Group.
  
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• Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument

  13-03-2024 18:18
  
  Anthony Grabiner, Wright's attorney, hit back at COPA's argument that private signing sessions Wright hosted to prove he was the Bitcoin founder had been subverted, saying that no proof had been presented.
  
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• Why Diversification Matters for Crypto, Too

  13-03-2024 18:08
  
  The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why.
  
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• Ethereum Is Not Done: Crypto Analyst Sets New $5,000 Target

  13-03-2024 18:00 via newsbtc.com
  
  Ethereum is currently looking to gain a strong footing above the $4,000 price level as bullish momentum continues to dominate. According to crypto analyst Ali Martinez, this bullish momentum could continue and Ethereum could as well reach $5,000 very soon.
  Ali Martinez made this known while citing data from IntoTheBlock, noting that the second biggest cryptocurrency still has room to run to $5,000, albeit a small resistance around $4,522 to $4,646. 
  Ethereum Path To $5,000 Looks Increasingl
  
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• Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?

  13-03-2024 17:55
  
  While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire.
  
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• El Salvador Axes Income Tax for Investments From Abroad

  13-03-2024 17:40
  
  The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.
  
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• Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live

  13-03-2024 16:40
  
  Ethereum's Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks.
  
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• South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg

  13-03-2024 16:33
  
  Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
  
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• Zooming NEAR: Solid 75% Growth Sparks Crypto Frenzy

  13-03-2024 16:30 via newsbtc.com
  
  Cryptocurrency analysts are abuzz with chatter surrounding NEAR Protocol (NEAR) as the token experiences a meteoric rise in value. The past month has been nothing short of phenomenal for NEAR, with its price leaping by an impressive 130%.Will NEAR Hit $8?
  This surge, which translates to an impressive $7.91 per token at the time of writing, has not gone unnoticed, igniting a firestorm of interest and speculation within the investment community. But is this a genuine upswing or simply a fleeting f
  
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• Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked

  13-03-2024 16:18
  
  Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.
  
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• Jack Dorsey's Block Begins Shipping Bitkey Bitcoin Wallets

  13-03-2024 16:14
  
  Block unveiled Bitkey for pre-order in 95 countries last December having commenced beta testing during the summer.
  
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• Bitcoin Whales Are Cashing Out Amid Push To New All-Time High

  13-03-2024 15:30 via newsbtc.com
  
  As the Bitcoin price continues on an upward trajectory that has sent it toward new all-time highs, breaking above $73,000 this week. With this increase, the vast majority of BTC holders are currently seeing a profit, and large whales are taking advantage of this to cash out some profit.
  Large Bitcoin Whales Sell-Off Coins
  Crypto analyst Ali Martinez took to X (formerly Twitter) to share a chart that showed that large Bitcoin whales were selling off some of their coins. These large whales are tho
  
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• Ethereum Finalizes 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees

  13-03-2024 15:20
  
  A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
  
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• Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees

  13-03-2024 14:58
  
  A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
  
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• PancakeSwap Decentralized Exchange Unveils Version 4 to Make Trading More Efficient

  13-03-2024 14:00
  
  The platform is addingfour features designed to make trading faster, cheaper and more customized.
  
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• Toncoin Rises 61% in Two Days as Telegram Eyes Potential IPO

  13-03-2024 13:47
  
  While officially separate, Telegram endorsed Ton Network as its blockchain of choice in September.
  
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• Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next?

  13-03-2024 13:43 via newsbtc.com
  
  Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions. But is this a genuine resurgence, or are we witnessing a temporary blip before a potential correction?Let’s dissect the forces at play. Proponents of a sustained
  
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• The other Bitcoin rally: How scams are cashing in on the cryptocurrency fever - EL PAÍS USA

  13-03-2024 13:24 via news.google.com
  The other Bitcoin rally: How scams are cashing in on the cryptocurrency fever  EL PAÍS USA
  
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• EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

  13-03-2024 13:08
  
  The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.
  
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• Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

  13-03-2024 13:05
  
  This is part of the preparations for the transition of crypto supervision to OJK by January 2025.
  
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• First Mover Americas: Coinbase Plans $1B Bond Sale

  13-03-2024 13:01
  
  The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
  
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• Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments – Services Bitcoin ... - Bitcoin.com News

  13-03-2024 12:30 via news.google.com
  
  Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments – Services Bitcoin ...  Bitcoin.com News
  
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• Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report

  13-03-2024 12:01
  
  Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
  
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• ClearToken Raises $10M From Institutional Investors Including Nomura’s Laser Digital

  13-03-2024 11:58
  
  The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval.
  
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• Terraform Labs Allowed to Hire Law Firm Dentons In Bankruptcy Case by U.S. Court: Reuters

  13-03-2024 11:33
  
  A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.
  
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• Bitcoin Hodlers Eye Long Term: $520 Million BTC Go To Cold Storage

  13-03-2024 11:20 via newsbtc.com
  
  Bitcoin (BTC) danced into uncharted realms this week, breaking barriers with a triumphant surge that pushed its value beyond the $73,000 mark.
  The cryptocurrency world, once again, finds itself in the midst of a thrilling price discovery phase, propelled by an amalgamation of bullish indicators and a notable shift in investor sentiments.
  Related Reading:Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days
  Big Players Dominate The Crypto Arena
  This week’s narrative unfolded
  
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• Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

  13-03-2024 11:19
  
  Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows.
  
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• Instant Settlement Needed to Compete With Crypto, India's Markets Regulator Says

  13-03-2024 11:11
  
  The chairperson of India's markets regulator has warned that if it doesn't offer instant settlement investors will move to spaces like the crypto industry.
  
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• Predicting which Cryptocurrency will Boom in 2024 - ForexLive

  13-03-2024 11:10 via news.google.com
  Predicting which Cryptocurrency will Boom in 2024  ForexLive
  
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• Ether Could See Price Correction After Dencun Upgrade, QCP Capital Says

  13-03-2024 10:32
  
  QCP's sentiment towards ETH is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market.
  
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• Bitcoin ETFs See Record $1 Billion Inflows, Pushing Price Over $73,500

  13-03-2024 10:10 via newsbtc.com
  
  Yesterday, the Bitcoin price journey resembled a high-intensity rollercoaster ride, initially soaring past the $73,000 mark before encountering a tumultuous liquidation event. This event saw over $361 million worth of leveraged trades unwound, compelling the BTC price to retract sharply to below $68,300.
  The drastic price fluctuation primarily affected long position holders—investors who speculated on a continued price rise—with a staggering $258 million wiped out. Subsequently, Bitc
  
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• U.S. Government Study Concludes No NFT-Specific Legislation Needed, Current Copyright Laws Adequate

  13-03-2024 09:13
  
  The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs).
  
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• Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users

  13-03-2024 09:13
  
  Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.
  
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• U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate

  13-03-2024 08:04
  
  The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs).
  
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• SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned

  13-03-2024 06:11
  
  First Trust was one of the first to file for a BTC ETF, and was rejected by the SEC in January 2022.
  
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