- 100 sats would equal $1 if we repeat last cycle’s dollar demiseThe inverse of the standard BTC/USD chart gives an interesting perspective on the rise in the purchasing power of Bitcoin over time. The USDT/BTC chart below highlights the dollar’s decline against Bitcoin since 2015. From its peak, the dollar has fallen 99.7% against Bitcoin. When viewed in this form, it’s hard to be bearish on… Continue reading 100 sats would equal $1 if we repeat last cycle’s dollar demise
- Layer 2 labyrinth: Navigating scalability and decentralizationIn the latest episode of the SlateCast, CryptoSlate welcomed Roy Hui, the founder of Pellar and LightLink, to discuss the role of enterprise and permissioned blockchains in the evolving world of Web3. Joined by Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill , the conversation delved into the unique value proposition of platforms… Continue reading Layer 2 labyrinth: Navigating scalability and decentralization
- No outflows for Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflowBitcoin exchange-traded funds experienced a net outflow of $154 million on March 18, according to data from Bitmex Research . This marks the first outflow day since March 1, breaking a streak of consistent inflows. The outflow represents 2,229 BTC, based on the market reference rate. Grayscale’s GBTC product accounted for the entirety of the… Continue reading No outflows for Bitcoin Newborn Nine ETFs as Grayscale forces $154 million net outflow
- Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off eventBitMEX 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… Continue reading Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off event
- $620 million liquidated as Bitcoin breaks below $64kUpdate: 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… Continue reading $620 million liquidated as Bitcoin breaks below $64k
- Court sanctions SEC, orders it to cover legal fees in DEBT Box caseThe 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… Continue reading Court sanctions SEC, orders it to cover legal fees in DEBT Box case
- SEC chair Gensler condemns ‘AI washing’ after regulatory action against 2 companiesUS 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… Continue reading SEC chair Gensler condemns ‘AI washing’ after regulatory action against 2 companies
- Fidelity adds staking to Ethereum ETF application amid mixed receptionFidelity 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… Continue reading Fidelity adds staking to Ethereum ETF application amid mixed reception
- OKX removes USDT pairs in Europe as new stablecoin regulations loomCrypto 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.… Continue reading OKX removes USDT pairs in Europe as new stablecoin regulations loom
- Nigeria intensifies probe into Binance with court-ordered data disclosureA 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… Continue reading Nigeria intensifies probe into Binance with court-ordered data disclosure
- Worldcoin clarifies legality issues following Spain’s banWorldcoin has publicly recently reaffirmed the legality of its operations across the globe amid rising regulatory concerns that have led some countries to halt its operations in their jurisdictions. The public declaration comes in the wake of a recent decision by Spain’s National Securities Market Commission (CNMV) to prohibit the startup’s activities within the country.… Continue reading Worldcoin clarifies legality issues following Spain’s ban
- Memecoin volumes are just vanity metrics for desperate blockchainsThere’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… Continue reading Memecoin volumes are just vanity metrics for desperate blockchains
- Record $13.2 billion YTD inflow into digital assets eclipses 2021 totalLast week, digital asset investment products experienced a $2.9 billion net flow, marking two consecutive weeks of record-breaking inflows, according to CoinShares’ latest weekly report . This achievement propelled digital asset products to a new annual net flow record of $13.2 billion, exceeding the entire inflow for the 2021 bull run, which stood at $10.6… Continue reading Record $13.2 billion YTD inflow into digital assets eclipses 2021 total
- Why Standard Chartered reviewed its Bitcoin price forecast to $150,000Global 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… Continue reading Why Standard Chartered reviewed its Bitcoin price forecast to $150,000
- USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant marketThe 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,… Continue reading USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market