This week, 21.co’s onchain data analyst Tom Wan presented figures revealing that tokenized U.S. Treasury bonds on public blockchains have surpassed the $1 billion mark. The analyst highlighted that Blackrock’s BUIDL experienced significant growth of 400%, escalating from $40 million to $240 million within a span of a week. The Rise of Tokenized Real-World Assets […] Source: https://news.bitcoin.com/tokenized-us-treasury-bonds-hit-1-billion-milestone-on-public-blockchains/
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Ethereum Creator Vitalik Buterin Pushes ‘Positive-Sum’ Vision for Meme Coins
Ethereum co-founder Vitalik Buterin has outlined a “positive-sum” vision for meme coins, arguing that the current crop of meme-inspired cryptocurrencies do little more than “go up and down in price and contribute nothing of value in their wake.” In a recent blog post, Buterin argued that “many people feel uneasy” about the current crop of meme coins, and outlined how…
Bitcoin Technical Analysis: BTC Consolidation Points to Potential Shifts Ahead
On March 29, 2024, with a trading price of $70,075, and oscillating within a 24-hour range of $68,362 to $71,754, bitcoin’s current market behavior reveals significant consolidation and neutrality. Bitcoin Bitcoin’s 1-hour chart reveals recent volatility, with a significant bounce from a low of approximately $68,362, suggesting a strong support level. Conversely, the resistance near […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-consolidation-points-to-potential-shifts-ahead/
Detained Binance Exec Sues Nigerian Goverment Over Human Rights Violations
A Binance executive detained in Nigeria has sued the government for violating his fundamental human rights. According to local publication Punch, Binance’s Head of Financial Crime Compliance Tigran Gambaryan has filed a motion with the Federal High Court in Abuja, seeking a declaration that the seizure of his passport contravened Nigeria’s constitution. Gambaryan has also asked that the Office of the…
Underdogs Defy Odds, Shaking up NCAA Tournament Brackets
With the dust settling from Thursday’s upsets, attention shifts to an equally promising lineup of games in the South and Midwest Regions, where teams like Marquette, NC State, Houston, and Duke vie for dominance in their quest for the Final Four. March Madness Delivers Rising Underdogs and Steadfast Favorites Statistically, this tournament has been one […] Source: https://news.bitcoin.com/underdogs-defy-odds-shaking-up-ncaa-tournament-brackets/
SBF Sentencing – Decrypt
SBF Sentencing BTC: 70.7k (+1%), ETH: 3585 (0%), SOL: 186 (-1%). Top 100 gainers: DOGE, GT, BCH, RBN. Crypto mixed, BTC-beta & memes outperform. SEC case vs Coinbase set to go to trial. DeFi win as case dismissed vs Coinbase wallet. ETFs see $244m inflows led by Ark. BlackRock ETF fastest growing in history: Fink. ETH ETF possible even if…
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […] Source: https://news.bitcoin.com/uk-us-probe-20b-in-usdt-transfers-by-sanctioned-russian-crypto-exchange/
Bitcoin and Ethereum Wobble Heading Into the Weekend
Bitcoin and Ethereum have shown some volatility in the past 24 hours, both trading 1% lower than they were this time yesterday. The Bitcoin price has been hovering around $70,000 after looking like it might rise above $71,000 yesterday evening. It’s now 0.9% lower than it was this time Thursday. Ethereum has also seen its own dip, currently trading at…
On the Halving, Bitcoin is Getting New Technologies: Rollups and Tokens. Sovryn’s New Initiative is How to Get In Early
Sovryn’s and BOB are offering early users a piece of the new Bitcoin economy. With the Bitcoin Halving less than a month from now, Bitcoin will get two significant technological additions: Rollups, which will allow an increase in user adoption, lower fees, and smart contract capabilities, and native Bitcoin tokens called Runes. These two additions […] Source: https://news.bitcoin.com/on-the-halving-bitcoin-is-getting-new-technologies-rollups-and-tokens-sovryns-new-initiative-is-how-to-get-in-early/
‘Trust in Authority’ Sustains Popularity of Centralized Exchanges in Latin America, Says Ricardo Da Ros
According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.” Da Ros suggests that this culture, combined with the […] Source: https://news.bitcoin.com/trust-in-authority-sustains-popularity-of-centralized-exchanges-in-latin-america-says-ricardo-da-ros/