Month: March 2024

Polygon and chainlink investors ape into algotech; analysts predict it is the token of 2024

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In the world of cryptocurrency, profitability reigns supreme, whether through trading or investing. With Bitcoin’s soaring prices, many individuals seek alternatives, turning to altcoins, which have historically shown remarkable performance. However, the lack of solid foundations behind some altcoins breeds uncertainty, eroding investor confidence. Among these, Polygon and Chainlink, once formidable players, now face challenges … Read more

Donald Trump’s Crypto Portfolio Soars to $7.5 Million, Fueled by TRUMP Coin’s Ascension and Ethereum Gains

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After the former 45th President of the United States, Donald Trump, saw his cryptocurrency holdings exceed $5 million, just ten days later, the value of Trump’s digital asset collection has escalated to $7.5 million. This increase is largely due to $4.66 million emanating from the cryptocurrency he holds called TRUMP, which has experienced a significant … Read more

Bitcoin Technical Analysis: BTC Bulls Regain Strength After Recent Pullback

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In the last day, bitcoin exhibited a dynamic display, marked by significant fluctuations and upward movements across different periods. Upon hitting a peak at $69,210 per unit on Mar. 5, the cryptocurrency dipped below the $60,000 threshold, only to climb again on Wednesday, positioning itself in the $66,500 to $67,500 bracket. Bitcoin Over the course … Read more

Alchemy Pay Gains Approval with New Hampshire Money Transmitter License in the USA

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Alchemy Pay, the leading fiat-crypto payment gateway, proudly announced another successful Money Transmitter License (MTL) acquisition in the USA, the state of New Hampshire, adding to its existing licenses in Arkansas and Iowa. Alchemy Pay is actively pursuing MTL licenses in additional U.S. jurisdictions as part of its efforts to expand its crypto payment services, … Read more

Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June

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Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and Futures Commission (SFC). The commission closed the period for these institutions to introduce their applications to obtain a license on February 29 and will progressively expel the noncompliant exchanges from the Hong Kong market. Hong … Read more

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

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On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” … Read more

Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February

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Cryptocurrency hackers stole over $360 million during February, almost doubling the amount stolen in January. According to Peckshield, a cryptocurrency and blockchain security firm, the largest hack event in February involved a security breach in Playdapp, a Web3 gaming platform, that lost $290 million four days after being attacked. Fixedfloat, a cryptocurrency exchange, also lost … Read more

South Korea Launches Investigation Into Worldcoin’s Data Collection Practices

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The government of South Korea has opened an investigation into Worldcoin, the iris scanning cryptocurrency and digital wallet project. According to a press release, the Personal Information Protection Commission, the data privacy watchdog in the country, will investigate the actions taken by Worldcoin regarding the treatment of the data collected from users and will take … Read more

Mega Whale Resurfaces: 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210

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On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known … Read more

Bitcoin ETFs Break Trading Volume Record — Blackrock’s IBIT Now Holds Over 170K BTC

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Ten spot bitcoin exchange-traded funds (ETFs) shattered their trading volume record on Tuesday, reaching a staggering $10 billion. Blackrock’s Ishares Bitcoin Trust (IBIT) continues to dominate, surpassing $11 billion in assets under management (AUM) and accumulating over 170,000 bitcoins. Record Volume Day for Spot Bitcoin ETFs Ten spot bitcoin exchange-traded funds (ETFs) extended their record-breaking … Read more