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FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse

Newly revealed court documents show that FTX secretly liquidated $1.53 billion in Three Arrows Capital (3AC) assets just two weeks before the hedge fund collapsed in 2022. The disclosure challenged previous narratives that 3AC’s downfall was…

Zano Now Available on Bitcoin.com, Bringing Privacy One Step Closer to Mainstream Adoption

Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has added support for Zano, the layer-1 blockchain for confidential assets and private dApps. By adding Zano support, Bitcoin.com continues to expand its ecosystem with cutting-edge…

Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says

In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months.  Is The Bitcoin Bottom In?…

Bitcoin panic selling costs new investors $100M in 6 weeks — Research

Bitcoin speculators suffered losses of over $100 million in just six weeks thanks to panic selling, new research calculated.Data from onchain analytics platform CryptoQuant revealed the extent of recent capitulation by short-term holders…

Hong Kong crypto payment firm RedotPay wraps $40M Series A funding round

Hong Kong-based crypto payment platform RedotPay closed a $40 million Series A funding round led by Lightspeed, with participation from HSG and Galaxy Ventures.RedotPay aims to enable cryptocurrency use in everyday transactions while simplifying…

Bitcoin logo shines over Austin, Texas, as Gemini sets new world record

Cryptocurrency exchange Gemini set a new Guinness world record by deploying 1,000 drones to form the Bitcoin logo in the sky, marking the largest-ever aerial display of a currency symbol.The event, held on March 13 in Austin, Texas, celebrated the…

Calls for stricter rules on political memecoins after $4B Libra collapse

Industry voices warned that politically endorsed cryptocurrencies must adopt stronger investor protections and liquidity safeguards to prevent another major market collapse.Investor sentiment remains shaken after the Libra (LIBRA) token, which was…

XRP price poised for 46% gains after Ripple secures first Dubai license

XRP’s price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gainsXRP (XRP) has been consolidating inside a descending…

Russia using Bitcoin, USDt for oil trades with China and India: Report

Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate trade with China and India amid international sanctions, according to a Reuters report.Russian oil companies have used crypto assets including Bitcoin (BTC) and…

Ripple Expands Its Presence in the Middle East With New Crypto Payment License in Dubai

Key Takeaways: Dubai grants Ripple full regulatory approval to provide crypto payments. Ripple lands its first Middle East license, unlocking a $40B payments market. This move further reinforces Ripple’s standing in the global digital asset…

USDT Surge in Activity Reaches 6-Month High: Is Crypto Market About to Awaken?

Key Takeaways: Demand for USDT hit a 6-month peak recently, showing that traders are gearing to get into position. Traders flock to the stability of USDT amid economic uncertainties and market corrections. Increased USDT holdings could be a…

US court gives Three Arrows nod to increase its FTX claim to $1.53B

A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey rejected FTX’s…

Bitcoin’s Rollercoaster: Inflation Cools, But Trade War Fears Keep Markets on Edge

Key Takeaways: Bitcoin briefly touched $82,056 after the U.S. CPI report that showed cooling inflation, sparking expectations of rate cuts. The rally was short-lived, though, as investor enthusiasm was tempered by escalating trade war tensions…

Mesh Secures $82 Million to Build Global Crypto Payments Network

Key Takeaways: Substantial Investment: In the series B funding round, Mesh was able to raise $82 million which brings the total capital raised to over $120 million. Innovative Funding Method: A remarkable part of the investment was made using…

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a…