World
27Mar

Do Kwon released, spot Bitcoin ETFs hit record outflows, Ethereum regulatory issues | Weekly Recap

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...

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27Mar

Iceland prime minister pledges renewable energy shift from Bitcoin mining to agriculture

Iceland Prime Minister Katrín Jakobsdóttir unveiled plans to pivot the country’s renewable energy efforts from crypto mining to agricultural development. In an interview with the Financial Times, Prime Minister Jakobsdóttir outlined her vision, emphasizing the importance of enhancing food independence and establishing a broader grid for renewable energy distribution across households and industries. The country is known for producing...

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27Mar

Bitcoin correction case of pre-halving peaking: analysts

As the 2024 Bitcoin halving approaches, Bitcoin (BTC) is struggling to hold above $63,000, and the price is expected to drop even further in what is termed a “correction.” Crypto analyst Michael van de Poppe took to X to state that the current consolidation is a case of “peaking pre-halving,” and there is still time for...

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27Mar

Kraken exec advocates for Bitcoin ETF in the UK

Kraken UK managing director Bivu Das is calling for the introduction of Bitcoin exchange-traded fund (ETF) in the UK. Speaking during an interview at the Digital Asset Summit in London, Das stated that Bitcoin ETFs, which are restricted in the UK, can offer investors an opportunity to make decent returns. “The UK has always said it wants...

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27Mar

EU bans anonymous crypto wallet to combat money laundering

The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value. A European Parliament representative revealed that the directive received approval from the majority of the EU Parliament’s leadership committee on Thursday. This latest regulation, aimed at combating money laundering, sets limits on cash transactions and bans all anonymous cryptocurrency transactions....

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27Mar

Ark Invest’s Cathie Wood expects Bitcoin to ride ‘financial superhighway’ to $3.8m

ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in...

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27Mar

SEC postpones decision on Grayscale Ethereum ETF again

The U.S. Securities and Exchange Commission (SEC) has once again delayed approving the Grayscale Ethereum (ETH) Futures Trust exchange-traded fund (ETF). The postponement, disclosed in an SEC filing on March 22, extends the deadline from March 31 to May 30. The decision has sparked significant interest and speculation within the cryptocurrency community, since it directly affects the status of...

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27Mar

Avalanche Foundation launches Memecoin Rush, injecting $1m into ecosystem

The Avalanche Foundation kicked off phase one of Memecoin Rush, a $1 million liquidity mining incentive program to catalyze the community coin ecosystem on the Avalanche (AVAX) blockchain. This initiative, announced in a blog post, will begin with SteakHut and Trader Joe — two prominent platforms native to Avalanche — to incentivize trading and provide liquidity for selected community tokens....

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27Mar

Bitcoin ETFs see a fifth consecutive day of net outflow

Spot Bitcoin exchange-traded funds (ETFs) reported total net outflows of $51.6 million on Friday, marking the fifth day of consistent withdrawals. Among these, the Grayscale ETF (GBTC) experienced a substantial single-day net outflow of $169 million. In contrast, the BlackRock ETF (IBIT) and Fidelity ETF (FBTC) saw modest single-day net inflows of $18.89 million and $18.13...

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27Mar

Sovereign funds circle FTX’s $1b stake in Anthropic

Investment giants and sovereign wealth funds are showing a keen interest in acquiring FTX’s shares in Anthropic, an artificial intelligence startup rivaling OpenAI. FTX invested $500 million in San Francisco-based Anthropic three years ago, securing an 8% stake. The value of that stake has since doubled to over $1 billion. Class B shares, which lack voting rights, are now...

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