This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode’s Tuesday report. Bitcoin Spot Volume: Now Versus 2021 Glassnode noted that spot volumes peaked at $14.1 billion in March, similar to levels seen at “the...
Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales. El Aissami had been on the run from Venezuelan law enforcers for around a year after allegedly converting cash “into cryptocurrencies.” Prosecutors think El Aissami and other senior government...
Bitcoin mining equipment manufacturer Auradine has raised $80 million in a Series B funding round to expand its footstep in blockchain, security, and artificial intelligence industries. According to a recent announcement from Auradine , this round saw participation from new investors including StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, in addition...
US stock traders are exacting a big influence on Bitcoin (BTC) prices, a South Korean crypto researcher has claimed. Per the media outlet KyungHyang Games, the comments came from Kim Min-seung, the head of the Korbit Research Center at the Korbit crypto exchange. BTC prices versus the South Korean won over the past five days....
It’s much the same for BTC’s relative strength index (purple), which has risen from nearly 20 a couple of days ago to around 60 today. This indicates that momentum has increased for Bitcoin, yet because the RSI hasn’t climbed over 70, we may see another wave of buyers very soon. One other interesting detail of...
The web3 move-to-earn app STEPN has launched a 100 million FSL Points ‘trailblazer’ airdrop campaign ahead of its partnership announcement. According to a press release shared with Cryptonews.com, the Solana-based non-fungible token (NFT) project would divide this airdrop worth a total of $30 million into two phases, as the FSL Points are redeemable for STEPN’s...
Arthur Hayes predicts a potential downturn in the Bitcoin market around the April 20 halving event, challenging the usual bullish sentiment. This Bitcoin price prediction reflects his analysis of market consensus, economic factors, and the impact of U.S. dollar liquidity on crypto assets. Crypto Billionaire Arthur Hayes Says BTC Will Drop Around Halving Time Arthur...
Matthew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), expressed the watchdog’s commitment to easing the regulation burden for smaller crypto entities. Speaking at a regulatory panel discussion during the Paris Blockchain Week, White acknowledged the imperfections in crypto regulations and emphasized the need for improvement. VARA CEO Advocates for Innovative Solutions to Regulatory...
Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15. However, their availability is expected to commence roughly two weeks after approval, Tencent News reported Wednesday. Financial analysts were quoted as projecting that the first Spot Bitcoin ETF in Hong Kong could reach a size of $20b. This...
Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue. The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on...