French Montana opted for a unique release strategy for his previously unreleased track “Bag Curious.” On March 14, the Mac & Cheese 5 account on X (formerly Twitter) announced that the song had been inscribed ont the Bitcoin blockchain. This marks an early example of a mainstream musician exploring blockchain distribution. The Mac & Cheese...
Nigeria’s Securities and Exchange Commission (SEC) amended the regulatory framework governing platforms offering cryptocurrency services on Friday, suggesting increased registration fees for crypto exchanges. Nigeria’s securities regulatory body is looking to increase registration fees for cryptocurrency firms by 400%, signaling a tightening stance on the sector. Nigeria’s SEC Proposes Substantial Fee Hikes for Crypto Exchanges...
Applied Digital announced on March 15 that it had concluded the sale of its 200-megawatt (MW) Bitcoin mining facility to Marathon Digital Holdings for $87.3 million. In the announcement, the Nasdaq-listed mining company mentioned that the mining plant is in Garden City, Texas. The second quarter of 2024 is the expected date of completion for...
South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18. Per Yonhap, the event was hosted by the Seoul-based Financial Services Commission (FSC), South Korea’s top financial regulator. South Korean Regulators Aiming for International Crypto Cooperation? The FSC announced that...
The Bitcoin (BTC) price saw big swings on Friday, with droves of traders on both the bullish and bearish sides getting their positions wiped out as US spot Bitcoin ETF buyers continue to battle against profit-taking sellers. BTC began Friday’s session above $71,000 before selling off sharply during Asian trading session. Having dropped to as...
A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days. The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency. On March 15, the whale purchased at least 1,000 Bitcoin, which accounted for 52% of...
Tokenize Xchange, a crypto exchange founded in 2017, has successfully raised $11.5 million in a latest funding round for expansion in Singapore. According to a recent report by The Straits Times, the Series A, Phase 2 funding round was led by the local venture capital firm Trive with other participants including high-net-worth individuals. Tokenize Xchange’s...
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,...