The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled nearly $35 billion worth of cryptocurrencies, blockchain analytics firm TRM Labs found. Source
The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space. Source link
Bitcoin’s advance to $71,375 on March 26, approaching its all-time high, was stalled due to intensified profit-taking activities, according to insights from Glassnode. “Several on-chain indicators have flagged an uptick in profit-taking events,” the analytics firm wrote in a newsletter received by Crypto.news. Glassnode’s analysis revealed that as Bitcoin’s price retracted from its all-time high to a recent low of $61,200, approximately 2.0 million Bitcoin shifted from ‘in-profit’ to ‘in-loss.’ However, as the market recovered slightly, around 1.0 million of these coins regained their ‘in-profit’ status due to the substantial…
On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […] Source CryptoX Portal
Jihan Wu-founded crypto mining firm Bitdeer is reportedly seeking $100 million to ramp up its mining capacity. Bitdeer Technologies Holding, a Bitcoin mining firm founded by Jihan Wu, is reportedly in pursuit of $100 million in funding to bolster its mining capabilities, Bloomberg has learned, citing sources close to the matter. According to the report, the Singapore-based company aims to utilize the funds to expand its mining capacity, especially in anticipation of the fourth halving expected in April, which will reduce mining rewards. The valuation of the company following the…
AI has seen a surge in mainstream interest since the start of 2023 thanks to tools such as ChatGPT. However, there have been concerns that the largest companies – Microsoft, Alphabet, Amazon, Apple and Meta – will establish an oligarchy over the space. That has spurred blockchain and Web3 companies to throw their hats into the ring to present an alternative where data is more transparent and shared between contributors. Source
GDA Capital (GDA) Ventures Into the Future of Influencer Marketing, Backs Chirpley as a Key Venture Capital Partner with International Distribution Support – Press release Bitcoin News You need to enable JavaScript to run this app.ryxnre475n Original
Singapore, Singapore, March 27th, 2024, Chainwire OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens, AI system then takes over, trading continuously on 10,000+ cryptocurrencies, such as Bitcoin, Ethereum, and Binance Coin. OPZ-AI: AI Analysis OPZ Token uses blockchain technology and sophisticated Artificial Intelligence (AI) technology to accelerate and secure transactions. The…
Okcoin Europe, the European branch of the cryptocurrency exchange OKX, recently received a €304,000 fine from the Malta Financial Services Authority (MFSA) for failing to comply with local laws related to virtual assets. According to the MFSA, when determining the amount of the fine, ot took into account the fact that OKX representatives cooperated with the regulator. However, no detailed information was provided regarding the specific violations. OKX Faces Financial Penalty in Malta OKX, which has been operating in the Maltese market since 2018, is one of the largest entities…