Cointelegraph.com News https://cointelegraph.com Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money. cointelegraph.com Tue, 19 Mar 2024 10:21:29 +0000 en hourly 1 Cointelegraph.com News https://cointelegraph.com https://cointelegraph.com/assets/img/CT_Logo_YG_tag.png Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money. <![CDATA[ Bitcoin mining firm Bit Digital reports revenues up nearly 40% ]]> https://cointelegraph.com/news/bit-digital-earnings-2023-44-million-bitcoin-mining Tue, 19 Mar 2024 08:42:14 +0000 https://cointelegraph.com/news/bit-digital-earnings-2023-44-million-bitcoin-mining

Bitcoin mining company Bit Digital said that its venture into artificial intelligence had already produced $4 million of revenue in February 2024.

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<![CDATA[ BitMEX whale tanks Bitcoin price to $8.9K during BTC sell-off ]]> https://cointelegraph.com/news/bitmex-whale-tanks-bitcoin-price Tue, 19 Mar 2024 08:08:53 +0000 https://cointelegraph.com/news/bitmex-whale-tanks-bitcoin-price

An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.

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<![CDATA[ Bitcoin levels to watch next as BTC price risks sub-$60K retest ]]> https://cointelegraph.com/news/bitcoin-levels-next-btc-price-risks-sub-60k Tue, 19 Mar 2024 07:37:08 +0000 https://cointelegraph.com/news/bitcoin-levels-next-btc-price-risks-sub-60k

Bitcoin bulls face an uphill struggle to stem selling amid worries that BTC price weakness will end up challenging levels below $60,000.

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<![CDATA[ World’s largest pension fund explores diversifying into Bitcoin ]]> https://cointelegraph.com/news/japan-gpif-state-pension-fund-bitcoin Tue, 19 Mar 2024 07:29:01 +0000 https://cointelegraph.com/news/japan-gpif-state-pension-fund-bitcoin

Japan’s Government Pension Investment Fund, the largest pension fund in the world, is willing to learn more about Bitcoin as a potential diversification tool.

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<![CDATA[ Slerf’s memecoin launch: ‘Mindless’ screw-up or marketing stunt? ]]> https://cointelegraph.com/news/slerf-memecoin-launch-accident-or-intentional-community-debates Tue, 19 Mar 2024 06:40:32 +0000 https://cointelegraph.com/news/slerf-memecoin-launch-accident-or-intentional-community-debates

The developer behind the Slerf memecoin claims the snafu was due to a “mindless misclick,” but skeptics suggest the drama may have been a very daring marketing stunt.

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<![CDATA[ Novogratz’s Galaxy reaches $10B AUM amid surge of investor interest in crypto ]]> https://cointelegraph.com/news/novogratz-galaxy-asset-management-hits-10-billion-aum Tue, 19 Mar 2024 06:02:02 +0000 https://cointelegraph.com/news/novogratz-galaxy-asset-management-hits-10-billion-aum

Galaxy’s asset management arm partially attributed the milestone to its spot Bitcoin ETF with Invesco, though inflows have been low.

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<![CDATA[ Spot Bitcoin ETFs hit negative flows as GBTC sheds $642M in a day ]]> https://cointelegraph.com/news/grayscale-gbtc-outflow-highest-daily-record-spot-bitcoin-etfs Tue, 19 Mar 2024 04:31:16 +0000 https://cointelegraph.com/news/grayscale-gbtc-outflow-highest-daily-record-spot-bitcoin-etfs

Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum.

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<![CDATA[ USDM stablecoin eyes retail rollout next month: Mehen founder ]]> https://cointelegraph.com/news/usdm-stablecoin-retail-rollout-april-mehen-founder Tue, 19 Mar 2024 03:38:37 +0000 https://cointelegraph.com/news/usdm-stablecoin-retail-rollout-april-mehen-founder

Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.

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<![CDATA[ Crypto’s ‘Alameda Gap’ vanishes amid Bitcoin’s meteoric rise: Kaiko ]]> https://cointelegraph.com/news/crypto-alameda-gap-liquidity-slump-vanishes-bitcoin-rally-kaiko Tue, 19 Mar 2024 03:25:23 +0000 https://cointelegraph.com/news/crypto-alameda-gap-liquidity-slump-vanishes-bitcoin-rally-kaiko

Crypto market depth has almost fully recovered and is back to its pre-FTX average, reports crypto research firm Kaiko.

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<![CDATA[ SEC requests extra $158M from federal budget to police crypto’s ‘Wild West’ ]]> https://cointelegraph.com/news/sec-2025-federal-budget-extra-160-million-crypto-enforcement Tue, 19 Mar 2024 02:40:20 +0000 https://cointelegraph.com/news/sec-2025-federal-budget-extra-160-million-crypto-enforcement

Part of the funds would hire staff across SEC divisions, with one job dedicated to crypto and another to help with the increased lawsuits the agency faces.

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<![CDATA[ Fidelity amends spot Ethereum ETF proposal to include staking ]]> https://cointelegraph.com/news/fidelity-amends-spot-ethereum-etf-proposal-include-staking Tue, 19 Mar 2024 00:14:26 +0000 https://cointelegraph.com/news/fidelity-amends-spot-ethereum-etf-proposal-include-staking

The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.

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<![CDATA[ SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case ]]> https://cointelegraph.com/news/sec-s-conduct-in-debtbox-case-constituted-a-gross-abuse-of-power Mon, 18 Mar 2024 21:51:21 +0000 https://cointelegraph.com/news/sec-s-conduct-in-debtbox-case-constituted-a-gross-abuse-of-power

The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate.

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<![CDATA[ OKX reportedly delists USDT pairs in Europe ]]> https://cointelegraph.com/news/okx-delists-usdt-pairs-tether-europe Mon, 18 Mar 2024 20:18:37 +0000 https://cointelegraph.com/news/okx-delists-usdt-pairs-tether-europe

Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.

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<![CDATA[ AI Act and stablecoin regulations in the EU, 30% crypto mining tax in the US: Law Decoded ]]> https://cointelegraph.com/news/ai-act-stablecoin-regulations-eu-30-crypto-mining-tax-us-law-decoded Mon, 18 Mar 2024 20:00:00 +0000 https://cointelegraph.com/news/ai-act-stablecoin-regulations-eu-30-crypto-mining-tax-us-law-decoded

The European Parliament granted final approval to the European Union’s artificial intelligence law, one of the world’s first set of comprehensive AI regulations.

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<![CDATA[ Is Bitcoin ready for new all-time high now that excessive leverage is gone? ]]> https://cointelegraph.com/news/is-bitcoin-ready-for-a-new-all-time-high-now-that-the-excessive-leverage-is-gone Mon, 18 Mar 2024 19:45:00 +0000 https://cointelegraph.com/news/is-bitcoin-ready-for-a-new-all-time-high-now-that-the-excessive-leverage-is-gone

The funding rate for Bitcoin perpetual futures has been reset after $370 million in contracts was liquidated. Is that a good sign?

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<![CDATA[ Crypto-focused lawmaker wants to lead House Financial Services Committee in 2025 ]]> https://cointelegraph.com/news/french-hill-lead-house-financial-services-committee Mon, 18 Mar 2024 19:45:00 +0000 https://cointelegraph.com/news/french-hill-lead-house-financial-services-committee

French Hill has chaired the Subcommittee on Digital Assets, Financial Technology and Inclusion since its creation in January 2023.

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<![CDATA[ Here’s what happened in crypto today ]]> https://cointelegraph.com/news/what-happened-in-crypto-today Mon, 18 Mar 2024 19:35:09 +0000 https://cointelegraph.com/news/what-happened-in-crypto-today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

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<![CDATA[ Bitcoin maxis are about to kick off the altseason as BTC turns institutional ]]> https://cointelegraph.com/news/bitcoin-maxis-kick-off-altseason-btc-turns-institutional Mon, 18 Mar 2024 19:22:04 +0000 https://cointelegraph.com/news/bitcoin-maxis-kick-off-altseason-btc-turns-institutional

As the Bitcoin behemoth grows, we should expect some of the original OGs to depart in search of decentralized alternatives and bigger gains.

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<![CDATA[ Bitcoin investment products see another record $2.9B inflow ]]> https://cointelegraph.com/news/us-bitcoin-spot-etfs-see-another-record-inflow Mon, 18 Mar 2024 19:16:51 +0000 https://cointelegraph.com/news/us-bitcoin-spot-etfs-see-another-record-inflow

The total assets managed by crypto exchange traded notes have eclipsed $100 billion.

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<![CDATA[ Facing potential prison time, former Binance CEO hints at new project ]]> https://cointelegraph.com/news/changpeng-zhao-former-binance-ceo-new-project Mon, 18 Mar 2024 18:35:32 +0000 https://cointelegraph.com/news/changpeng-zhao-former-binance-ceo-new-project

Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”

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<![CDATA[ Price analysis 3/18: SPX, DXY, BTC, ETH, SOL, BNB, XRP, ADA, AVAX, DOGE ]]> https://cointelegraph.com/news/price-analysis-3-18-spx-dxy-btc-eth-sol-bnb-xrp-ada-avax-doge Mon, 18 Mar 2024 18:30:00 +0000 https://cointelegraph.com/news/price-analysis-3-18-spx-dxy-btc-eth-sol-bnb-xrp-ada-avax-doge

Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.

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<![CDATA[ Bitget Wallet to launch native token 1 year after $30M raise ]]> https://cointelegraph.com/news/bitget-wallet-launch-native-token-1-year-after-30-m-raise Mon, 18 Mar 2024 17:25:00 +0000 https://cointelegraph.com/news/bitget-wallet-launch-native-token-1-year-after-30-m-raise

The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.

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<![CDATA[ Why is Bitcoin price down today? ]]> https://cointelegraph.com/news/why-is-bitcoin-price-down-today Mon, 18 Mar 2024 17:15:52 +0000 https://cointelegraph.com/news/why-is-bitcoin-price-down-today

Bitcoin price is down today as traders realize profits and futures liquidations surge.

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<![CDATA[ MetaMask partners with CoinLedger to make tax reporting easier for users ]]> https://cointelegraph.com/news/meta-mask-partners-cryptocurrency-coin-ledger-taxes-tax-reporting Mon, 18 Mar 2024 17:00:00 +0000 https://cointelegraph.com/news/meta-mask-partners-cryptocurrency-coin-ledger-taxes-tax-reporting

The partnership allows MetaMask users to export their tax information into CoinLedger via a single click.

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<![CDATA[ Binance’s user assets under custody surpass $100B ]]> https://cointelegraph.com/news/binance-user-assets-under-custody-surpass-100-b Mon, 18 Mar 2024 16:41:06 +0000 https://cointelegraph.com/news/binance-user-assets-under-custody-surpass-100-b

“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.

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<![CDATA[ Bitcoin ‘dumb money sells’ as whales, sharks add 328K BTC in a month ]]> https://cointelegraph.com/news/bitcoin-dumb-money-sells-whales-sharks-328k-btc-month Mon, 18 Mar 2024 16:19:51 +0000 https://cointelegraph.com/news/bitcoin-dumb-money-sells-whales-sharks-328k-btc-month

Bitcoin big players seem ready to buy BTC at any price, while smaller market participants decrease exposure.

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<![CDATA[ Ether ETF is less likely than Bitcoin ETF was — Recharge Capital founder ]]> https://cointelegraph.com/news/ether-etf-less-likely-bitcoin-etf-recharge-capital-founder Mon, 18 Mar 2024 16:01:38 +0000 https://cointelegraph.com/news/ether-etf-less-likely-bitcoin-etf-recharge-capital-founder

The SEC could bring more regulatory scrutiny toward Ether ETF applications, despite the prior approval of spot Bitcoin ETFs, according to Recharge Capital’s John Lo.

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<![CDATA[ Milady NFT memecoin reaches $18.6M presale goal in less than 2 hours ]]> https://cointelegraph.com/news/milady-nft-memecoin-reaches-18-6-million-presale-goal-less-2-hours Mon, 18 Mar 2024 15:32:40 +0000 https://cointelegraph.com/news/milady-nft-memecoin-reaches-18-6-million-presale-goal-less-2-hours

“Presale is live for the ever-fashionable SOL-loving Milady wif hat. Sending some love to the SOL community now,” the project wrote.

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<![CDATA[ Coti launches $10M rewards program to support v2 token rollout ]]> https://cointelegraph.com/news/coti-rewards-program-v2-token-rollout Mon, 18 Mar 2024 14:00:00 +0000 https://cointelegraph.com/news/coti-rewards-program-v2-token-rollout

In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.

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<![CDATA[ Worldcoin says it’s legal in all countries it operates in despite Spanish ban ]]> https://cointelegraph.com/news/worldcoin-legal-all-operated-countries-ban-spain Mon, 18 Mar 2024 13:50:28 +0000 https://cointelegraph.com/news/worldcoin-legal-all-operated-countries-ban-spain

Worldcoin operates “lawfully in all of the locations in which it is available” and is designed to fully comply with related laws, the firm said.

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