El Salvador’s Bitcoin-loving leader Nayib Bukele has added to the country’s crypto holdings, which have swelled to almost $400 million in virtual currency. In a Monday Twitter post, the popular President showed off an address holding over 5,695 BTC. At today’s prices, that would mean the country holds over $391 million in digital coins. President Bukele’s administration was previously opaque…
On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first positive inflows, breaking a streak of five consecutive days of outflows totaling $887.6 million. The momentum continued into Tuesday, with the ETFs amassing $418 million in inflows, building on the $15.4 million gained the previous day. Bitcoin ETFs’ Fortunes Flip The week prior […] Source: https://news.bitcoin.com/us-spot-bitcoin-etfs-rebound-with-418-million-inflow/
The British financial watchdog has put out a warning for financial influencers who could be sharing misleading advice online—including tips about popular crypto memes. Britain’s Financial Conduct Authority (FCA) said Tuesday that advice “must be fair, clear and not misleading.” If it’s not, so-called “finfluencers” could face up to two years imprisonment, an unlimited fine, or both. “Promotions aren’t just…
PRESS RELEASE. Oslo, Norway, March 27, 2024 – Dune, a web-based platform that allows users to query public blockchain data and create it into interactive live dashboards, has officially integrated the TRON network, a high-performance blockchain known for being the home of Web3. This collaboration marks a significant milestone in increasing coverage of accessible data […] Source: https://news.bitcoin.com/dune-integrates-the-tron-network-and-joins-hackatron-season-6-as-a-partner/
New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […] Source: https://news.bitcoin.com/judge-rules-against-coinbase-in-key-dismissal-motion-in-sec-lawsuit/
A federal judge overseeing the U.S. Securities and Exchange Commission’s (SEC) sweeping lawsuit against Coinbase ruled Wednesday that the regulator’s arguments against the crypto exchange are largely “plausible,” permitting the case to proceed and denying Coinbase’s motion to dismiss it in its entirety. Rulings on motions to dismiss, such as today’s, are not resolutions of factual disputes. When evaluating such…
Crypto gaming store Elixir Games announced Wednesday that it has raised $14 million in seed funding to build out a decentralized gaming ecosystem that will launch this year. Final Fantasy developer Square Enix took part in the round following a partnership announced with Elixir last year, plus the Solana Foundation and Shima Capital also participated. Square Enix isn’t exclusive with…
The cryptocurrency market witnessed a slight cool-down today, with the total market capitalization dropping 1.14% to $2.76 trillion according to Coingecko. This minor correction follows significant movements in the market over the past few days, as Bitcoin and Ethereum face resistance at key levels. Bitcoin, the world’s leading cryptocurrency, has been attempting to break past the $70,000 barrier. However, this…
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin […] Source: https://news.bitcoin.com/20-million-in-bitcoin-long-positions-liquidated-as-price-tumbles-from-intraday-high/
There are thousands of different cryptocurrencies on the market, but not many of them provide users with real utility — or find their footing and rise to the top despite direct competition with other top crypto coins and tokens. Avalanche, however, is one of such crypto assets. But what is AVAX, and how does it work? Let’s take a look…
