Month: March 2024

Spain Blocks Worldcoin Project Over Data Privacy Concerns, WLD Token Slides 7%

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The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered.  Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project’s use of an eyeball-scanning “orb” to collect customers’ data. The regulator is expected to announce a “precautionary measure” on Wednesday, and Worldcoin…

Ether Emerges as the New ‘Internet Bond’ Amid Booming Interest in Crypto Assets

With over $10 billion in inflows in less than two months, the spot bitcoin ETF is already considered the most successful product launch in ETF history, drawing widespread mainstream attention to the exciting crypto asset class. With its supply cap of 21 million tokens, bitcoin’s narrative as “digital gold” or a store of value is easily understood. Now, investors are asking, “What’s next?” Source

Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment

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In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an initial outlay of as much as $5 million. Canadian Fintech Mogo Dives Deeper Into Bitcoin The publicly traded Canadian enterprise Mogo (Nasdaq: MOGO) (TSX: MOGO) […] Original

Ethereum Aims For $10,000, Driven By 2 Key Factors, Experts Say

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Ethereum is emerging as the vanguard for a revolutionary financial system. Advocates of the second most valuable blockchain extol the virtues of smart contracts, envisioning a future marked by market transparency, tokenized funds, and expeditious settlement times. At the time of writing, Ether was trading at $3,780, up 2% and 8% in the daily and weekly timeframes, data from Coingecko shows. Ethereum’s Untapped Institutional Potential Experts argue that Ethereum is yet to undergo its institutionalized hype cycle, lagging behind the fervor witnessed by Bitcoin. Robby Greenfield, the visionary co-founder and…

Hong Kong to Host CoinDesk Consensus Conference

“Asia stands as a global powerhouse for Web3, boasting tens of millions of crypto users, blockchain developers, and governments at the forefront of regulatory innovation,” said Foster Wright, president of CoinDesk, in a press release. “Hong Kong has strategically positioned itself as a pivotal digital assets hub in this dynamic region. Consensus has consistently served as a global event, bringing together all facets of the cryptocurrency, blockchain, and Web3 community.” Source

Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000

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A crypto analyst has laid out a scenario where the Bitcoin price could rise above $200,000 by June. This is based on a historical occurrence that could play out again following BTC’s recent run above its previous all-time high (ATH). How BTC Could Rise To $207,000 By June The anonymous analyst behind the prominent crypto X (formerly Twitter) account, Bitcoin Archive, alluded to the 2021 bull run when Bitcoin’s price more than tripled in just 103 days after breaking the previous cycle’s ATH. That means Bitcoin could run to $207,000…

El Salvador’s Bitcoin gamble pays off, critic Schiff silenced

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. El Salvador reports a 40% gain on its Bitcoin holdings, challenging critic Peter Schiff. Meanwhile, InQubeta, a new AI cryptocurrency, gains traction. A series of positive developments in the crypto market have sparked widespread interest and debate. El Salvador’s bold move to adopt Bitcoin as a legal tender was initially met with acclaim and skepticism. President Nayib Bukele’s recent announcement of a 40% profit margin on the nation’s Bitcoin…