Month: March 2024

PRESS RELEASE. Alchemy Pay has announced that it has entered into a partnership with Polyhedra Network, a Web3 ZK infrastructure provider that aims to revolutionize interoperability and scalability through Zero-knowledge (ZK) proof technology. Through this collaboration, Alchemy Pay will integrate Polyhedra Network’s ZK infrastructure to improve the interoperability, security, and user experience of its global […] Source: https://news.bitcoin.com/alchemy-pay-and-polyhedra-network-announce-upcoming-collaboration-for-seamless-ramp-solution/

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […] Source: https://news.bitcoin.com/0g-raises-35-million-to-fuel-ai-integration-in-web3-ecosystem-with-modular-innovation/

Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance between the surging demand and the decreasing sell-side liquidity, with […] Source: https://news.bitcoin.com/institutional-investors-and-whales-push-bitcoin-demand-to-new-heights/

Veteran trader and renowned chartist Peter Brandt says bitcoin is “vying to become the Level 1 ‘store-of-value’ standard replacing fiat currencies and government bonds.” He explained that fiat currencies, like the U.S. dollar, “will still be used to buy groceries and pay for gas.” Moreover, he expects governments to “constantly be issuing new currency replacements.” […] Source: https://news.bitcoin.com/peter-brandt-bitcoin-vying-to-replace-fiat-currencies-as-primary-store-of-value/

Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin “going to zero,” he countered by suggesting that fiat currencies like […] Source: https://news.bitcoin.com/robert-kiyosaki-sees-bitcoin-as-perfect-asset-at-the-right-time-calls-us-dollar-giant-ponzi-scheme/

Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive step towards an on-chain financial future, setting […] Source: https://news.bitcoin.com/coinbase-to-shift-usdc-accounts-to-its-layer-two-blockchain-base/

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants […] Source: https://news.bitcoin.com/sec-asks-judge-to-fine-ripple-2-billion-in-xrp-case-ripple-ceo-says-there-is-absolutely-no-precedent-for-this/

Apple Mac computers and iPad tablets are potentially susceptible to a serious vulnerability that could expose cryptographic keys and passwords on certain devices. A flaw in Apple’s M-series chips can be used by hackers via a malware attack to steal cryptographic keys, including those that secure cryptocurrency wallets, according to researchers from various universities.  And while the real-world risks of…

Continue Reading→

Bitcoin’s ascent faces a shaky $70,000 resistance, but data from the blockchain suggests participants are gearing up for a sustained rally. Recently, Bitcoin surged above $71,000, marking its highest point since March 15, propelled by capital inflows into spot BTC exchange-traded funds (ETFs). On March 26, Bitcoin saw a 0.55% increase over 24 hours, reaching a weekly peak at $71,582.…

Continue Reading→

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions on 13 entities and two individuals involved in the financial services and technology sectors of the Russian economy. These entities, including those dealing with virtual assets, are accused of aiding Russian entities in evading US sanctions. According to the Treasury Department, these designations come after…

Continue Reading→