The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind. The bankruptcy court is scheduled to consider Genesis’ request to approve […] Source CryptoX Portal
“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head of Digital Assets. Source
Amid a recent downturn in the broader crypto market, the concept of “buying the dip” has once again surfaced, tempting traders and investors with the prospect of snagging assets at lower prices. However, caution is the watchword from Markus Thielen, CEO of 10x Research, a top analyst in the crypto space. Thielen’s latest advisories suggest that the current market conditions may not yet be ripe for the optimistic strategy of dip purchasing. The Basis Of Bearish Sentiment Thielen’s recent analysis, released earlier today, underscores a bearish outlook on flagship cryptocurrencies…
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse Source
In the late hours of Tuesday, Trezor’s X account was compromised. The hacker used the hardware wallet company account to promote a fake crypto presale with a malicious link attached. Members of the crypto community quickly realized the suspicious activity from the company and alerted other X users about the scam. Since then, Trezor’s team has regained control of the account. Crypto Community’s Solidarity, Hackers’ New Prey In the now-deleted tweets, the hacker announced that Trezor was “willing to support the $SLERF Community.” Taking advantage of the ongoing efforts from…
March 21: Morph, a fully permissionless Ethereum Virtual Machine (EVM) layer 2 for value-driven dApps, announced the close of a $19 million seed round, led by DragonFly Capital with additional participation from Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, Everyrealm, with an additional $1MM raised in an angel round. According to the press release: “The innovative technology is built within three key pillars – decentralized sequencer, optimistic zkEVM integration and modular design.” Source
March 21: Elastos, a blockchain project, announced BTC Oracle, “a radical new solution that will enable every EVM-compatible blockchain to be a Bitcoin L2, the most comprehensive solution for cross-chain operability involving Bitcoin and EVM blockchains yet.” According to the team: “The BTC Oracle is part of Elastos’s BTC L2, ‘BeL2,’ the first BTC L2 to enable the direct development and management of Bitcoin-native smart contracts. Elastos’ BTC Oracle acts as a zero-knowledge proof data feed that provides real-time Bitcoin information to EVM smart contracts. A prototype is now available…
SINGAPORE, March 20, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 20, 2024. Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options OKX DEX, a multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, has added support for Merlin Chain. This integration enables users to trade assets and perform cross-chain transactions on the Merlin Chain through OKX DEX.OKX also recently announced that it is the first major industry player to fully integrate Uniswap Labs’ trading APIs into its offerings.…
Bitcoin remains under pressure when writing and is within a bearish formation following sharp losses on March 19. While prices tank, one analyst on X thinks this retracement aligns with historical performance, especially as the network prepares to slash miner rewards in April 2024. Bitcoin Retracement Similar To Pre-Halving Cool-Off Of 2020 Based on the analyst’s assessment, BTC is currently down roughly 18% from its recent swing high. This retracement is at the same level as the ballpark 19% decline observed before the previous halving event in 2020. Bitcoin pre-halving rally |…
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance. Original