Kraken Australia's Managing Director Jonathon Miller said institutional crypto demand is lagging in Australia, but stablecoins and the right policy moves could help it catch up. Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a...
Last week, a predominantly bullish trend occurred among the sector’s top cryptocurrencies, primarily attributed to a rise in the price of Bitcoin (BTC). Altcoins such as Shiba Inu (SHIB) and ORDI (ORDI) experienced substantial gains, riding on Bitcoin’s momentum. The upsurge observed in the market culminated in a 4.3% increase in the global crypto market capitalization, which...
Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin. Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department...
Bitcoin futures open interest surged to over $38 billion today, as BTC price increased 10% over the week. The surge reflects growing investor interest and speculative activity around Bitcoin’s future price movements. Binance, the world’s leading cryptocurrency exchange, reported its highest BTC open interest to date, at $8.4 billion. Record-setting open interest in Bitcoin futures comes as $15.1 billion...
A British court has issued a global freeze on $7.6 million of Craig Wright’s assets, effectively blocking him from transferring the funds abroad. A legal ruling earlier this month found Wright not to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, contrary to his previous claims. Judge James Mellor presided over the lawsuit initiated by the Crypto Open Patent...
IDEX, the native token of the hybrid decentralized exchange (DEX) and market-making protocol of the same name, has increased 33% over the past 24 hours as it records a surge in investor interest. The crypto asset, often leveraged for gas fees and liquidity provision on the Idex exchange, had witnessed a generally bearish trend over the...
ParaSwap, a decentralized finance aggregator, has started returning crypto to users after fixing a critical vulnerability in its Augustus v6 smart contract identified last week. The smart contract bug emerged shortly after the contract’s introduction on March 18, aimed at improving swapping efficiency and reducing gas fees. However, the contract contained a critical vulnerability, allowing hackers...
Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time,...
In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The company plans...
Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Meanwhile, Ethereum continues to come under regulatory scrutiny. Do Kwon released from prison A court in Montenegro denied Do Kwon’s appeal against his extradition to South Korea. However, Montenegro’s office of the prosecutor voiced against the development, asserting that Do Kwon’s extradition to...
