UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
[Apr 3 8:42 AM] The DSS will last five years and could lead to a new regulatory regime for securities settlement.
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Markets Tumble as Fed Rate Cut Expectations Diminish
[Apr 3 8:35 AM] Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a…
Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn
Shiba Inu Fires Up With 4,000% Burn – Price Rebound Coming?
[Apr 3 4:11 AM] Shiba Inu (SHIB), the popular dog-themed meme coin, is experiencing conflicting signals amidst the recent crypto market slump. While the burn rate, a metric indicating the rate at which tokens are permanently removed from circulation, skyrocketed…
Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase
[Apr 3 3:07 AM] The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated…
Fear of Retrospective IRS Regulation Changes Discourages Filing, Says Crypto Tax Expert
[Apr 3 1:22 AM] Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the…
Grayscale’s Bitcoin ETF Outflows Surpassed for the First Time
Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
[Apr 2 11:34 PM] On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6…
Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
[Apr 2 9:40 PM] Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital…
Bitcoin Insider Tip: Expert Signals Key Catalyst That Could Revive BTC’s Rally
[Apr 2 8:00 PM] Renowned venture capitalist and Bitcoin advocate Anthony Pompliano has recently sparked discussions with his post on X addressing the predictions of Bank of America. According to Pompliano’s post, the US government may face a $1.6 trillion…
Grayscale Drops Bombshell Report: Crypto Bull Run Progresses To ‘Middle’ Phase, Future Outlook Detailed
[Apr 2 7:00 PM] The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major…
Singapore Imposes New Rules for Digital Payment Token Services
[Apr 2 5:21 PM] Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated…
Bitcoin Price Plummets As US Government Transfers $2B In Seized Silk Road BTC, Coincidence?
[Apr 2 5:00 PM] The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price…
Crypto.com Expands Into South Korean Crypto Market
[Apr 2 3:29 PM] Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global…
MakerDAO Initiates Massive $600 Million DAI Investment In USDe And sUSDe
[Apr 2 3:00 PM] Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk…
Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security
[Apr 2 1:23 PM] Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and…
Crypto Organizations Rally for Bitcoin Emoji, Seek 50,000 Signatures to Convince Unicode
[Apr 2 11:38 AM] Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital…
US Government Transfers Nearly $2B in Bitcoin to Coinbase, Arkham Data Reveals
[Apr 2 11:10 AM] On April 2, 2024, the U.S. government executed a transaction involving nearly $2 billion in bitcoin (BTC), channeling the assets to Coinbase Prime, as Arkham Intelligence’s data reveals. The transfer comprised 30,174.70 BTC, successfully…
Owner of Thailand’s Largest Cryptocurrency Exchange Set to Go Public in 2025
[Apr 2 10:10 AM] Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, reportedly plans to go public in 2025. Jirayut Srupsrisopa, the CEO of the holding company, revealed that Bitkub Capital Group is currently hiring financial…
Buying Opportunity: Crypto Institutional Investors Pump $862 Million Into The Market
[Apr 2 10:00 AM] Crypto investment products are up again in terms of inflows, giving the crypto industry a much-needed breather. Recent market dynamics have seen Bitcoin leading the surge of inflows into crypto investment products, signaling a possible resumption…
US Bitcoin ETFs See $85.7M Outflow After 4 Days of Gains; Grayscale’s GBTC Leads the Dip
Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows
[Apr 2 7:36 AM] A recent study by onchain analysts at Glassnode reveals a significant increase in profit-taking activities as bitcoin surged to a new all-time high (ATH) of $73,794, marking a notable phase in the cryptocurrency’s market dynamics. Glassnode…
In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline
[Apr 2 6:29 AM] According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms…
Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours
[Apr 2 5:22 AM] The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit…
Cardano Rides The ETF Wave: Inflows Surge To Over $1 Million – Details
[Apr 2 4:37 AM] Cardano (ADA) has recently emerged as a focal point of investor attention, experiencing both a surge in inflows and mounting concerns over its performance. According to the latest data from CoinShares, Cardano-centric investment products witnessed…
Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
[Apr 2 3:46 AM] The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially…
New Platform Echo Launches, Aims to Democratize Angel Investing in the Cryptosphere
[Apr 2 1:15 AM] Jordan Fish, known as Cobie on the social media platform X, has helped launched a new project called Echo, aimed at revolutionizing angel investment in the crypto market by allowing investors to pool funds for large investments. Echo distinguishes…
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
[Apr 2 12:25 AM] Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
[Apr 1 11:41 PM] HSBC, the London-based financial institution, launched the first bank-backed tokenized gold product for its customers in Hong Kong. HSBC Gold Token will allow retail investors to purchase tokenized gold from their smartphones using the bank’s…
XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’
[Apr 1 11:23 PM] In the ever-evolving world of cryptocurrency investments, technical analysis continues to play a significant role in shaping investor sentiment and market trends. Amidst the volatile landscape, one analyst, known as Charting Guy, has garnered…