In an interview with CNBC, Kris Marzsalek, CEO of Crypto.com, characterized the recent downturn in Bitcoin price as a “healthy” market correction. Following a bullish trend that pushed Bitcoin to new heights, the cryptocurrency experienced a correction, currently trading at $68,715 according to CoinMarketCap. As the dip drew attention from investors, Marzsalek discussed this recent...
Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista. Notably, selected North American and European countries rank significantly lower. The data was gathered by the Consumer Insights Global Survey of Internet users worldwide....
Hong Kong-based crypto platform Bitfinex warned BTC miners on March 15 of a potential centralization of power post-halving in a comprehensive blog report forecasting financial pressure on small miners. The fourth Bitcoin halving is a widely anticipated event in the crypto sector. The halving, expected around April 19, will slash the current reward in half,...
Long-term holders of Bitcoin are starting to sell off their holdings of the cryptocurrency, signaling that the bull market has “definitely begun,” according to data released on Monday from investor and entrepreneur Anthony Pompliano. “This shouldn’t be a surprise — as the price of Bitcoin rises, some percentage of holders are willing to sell their...
The U.S. Securities and Exchange Commission (SEC) is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector. U.S. Securities and Exchange Commission Requests Increased Budget According to the SEC’s March 11 Congressional Budget Justification, the agency is requesting a...
Thailand Digital Asset Association has warned Thai users that the recent crypto price uptrend could potentially attract hackers. The association which comprise of a network of blockchain evangelists, aims to create awareness among citizens on the dark side of crypto-asset bubble. According to Suppakrit Boonsat, founder of Bitcast and the association’s director, despite the crypto...
Grayscale’s spot Bitcoin exchange-traded fund (ETF), GBTC, has seen the biggest outflow on March 18 as Bitcoin price continues to drop. As per BitMEX Research, a total amount of $643 million exited Grayscale Bitcoin ETF on the day. Bloomberg Intelligence ETF analyst Eric Balchunas stated that it is the “biggest outflow for GBTC thus far.”...
The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition. In December 2023, the SEC denied Coinbase’s petition for rulemaking. Coinbase has argued that the SEC has acted arbitrarily. An amicus curiae are briefs written...
-- North American investors still have more room to invest in Japanese stock markets, BOFA analysts said in a recent note, with a bulk of investors on the cusp of allocating more capital after a stellar rally over the past year. Citing meetings with U.S. and Canadian investors, BOFA said that while several Asian investors...
In recent trading activity, the John Rosatti Revocable Trust, a significant shareholder in BurgerFi International, Inc. (NASDAQ:BFI), executed a series of stock sales totaling over $36,000. The transactions, which took place on March 14, March 15, and March 18, were disclosed in a regulatory filing with the Securities and Exchange Commission. According to the filing,...