“I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin,” he said, according to a Reuters report, citing a video appearance at the Australian Financial Review business summit. “I will personally never buy Bitcoin and I do think it’s a risk if you are a buyer. When governments look at all this stuff, why do they put up with it?” Source
Bitcoin briefly touched $73,000 today before facing a correction and dropping below $72,000. The largest cryptocurrency is up nearly 50% this month and has set new weekly peaks. Several factors are driving BTC’s bullish rally. Earlier today, Thailand’s SEC gave asset management firms the green light to launch spot Bitcoin ETFs. At the same time, the London Stock Exchange announced that it will start accepting applications for Bitcoin exchange-traded notes (ETN) in the upcoming quarter. The largest Bitcoin ETF issuer, Blackrock, also reached a milestone today. The IBIT ETF achieved…
“Scalability is the fundamental unlock that enables permissionless collaboration between developers across projects and teams,” said Karl Floersch, CEO of OP Labs, the primary developer firm behind the Optimism network. “With EIP-4844 and Dencun, devs across the Ethereum ecosystem can more seamlessly build together.” Source
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential tax benefits. Grayscale Unveils Bitcoin Mini Trust With […] Original
Celebrities endorsing crypto has been a trend during the last bull market, including Larry David’s now famous FTX Super Bowl ad – which he later regretted. This time around, however, there haven’t been too many celebrities and influencers who have been shilling crypto to the masses. Drake’s post likely would mark one of the first large-scale endorsements of any kind during this bull market and may pique retail investors’ interest back into the digital assets market. Original
Crypto analyst Michaël van de Poppe recently cast a spotlight on two altcoins poised to significantly impact the Web 3.0 ecosystem. In a detailed exposition shared on X (formerly Twitter), Van de Poppe introduced “modular blockchains” and “DePin” as emerging concepts set to redefine the crypto landscape. Emphasizing the need for tangible use cases, Van de Poppe stated, “I’m advocating for investing into projects that fulfill actual use cases. Hence why I’m not that much focused on projects within the Gaming, Metaverse, NFT or Meme space, […] I’d rather want…
One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation…
“We must continually be fair and consistent in evaluating the products and proposals presented for our consideration,” Behnam said.”The commission must abide by core regulatory principles that prioritize, among other things, customer protections, market stability, and resilience. And, we must ensure a level playing field, regardless of the asset class.” Source
Sweden’s central bank governor said he wants “as little bitcoin as possible in the Swedish financial system.” Source
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility of Tether for millions of people.” Tether Announces USDT’s Launch on […] Source CryptoX Portal