Day: March 14, 2025

Spot Bitcoin ETF Bloodbath Starts Again, BTC Demand Seems Stuck

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Key Notes Spot BTC ETFs recorded $143.3 million in outflows. Fidelity’s FBTC leads the charts with an outflow of $75.5 million. CryptoQuant CEO says the demand for Bitcoin is stuck . The short-lived spot Bitcoin BTC $85 322 24h volatility: 1.8% Market cap: $1.69 T Vol. 24h: $38.70 B ETF inflows came to an end as the leading cryptocurrency slips below the $80,000 mark.  Spot BTC ETFs in the US recorded a net outflow of $143.3 million on March 13, ending the one-day $13.3 million inflows of March 12, according…

Bezos-Backed Stark Bank Rises as a Crypto Enabler in Brazil

Stark Bank, a startup backed by Amazon founder Jeff Bezos, has positioned itself as the go-to firm for serving cryptocurrency businesses in Brazil, filling the gap left by traditional institutions. The firm has built part of its business around this service offering, betting on the industry’s future as Brazilians become more comfortable with crypto. Bezos-Backed […] Source CryptoX Portal

Bitcoin MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin ETFs retain 95% of capital despite slowing inflows

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Bitcoin exchange-traded funds have held onto over 95% of their invested capital, even as inflows slow and Bitcoin’s price declines, according to senior Bloomberg ETF analyst James Seyffart. In a Mar. 14 post on X, Seyffart shared that Bitcoin ETFs have registered declining inflows, dropping to $35 billion from a peak of $40 billion. However, with total assets under management at $115 billion, most funds remain intact despite Bitcoin’s 25% price drop. According to Seyffart, this resilience is comparable to traditional U.S. stock ETFs, where long-term investors don’t panic sell…

Russian oil companies rely on Bitcoin, Ethereum, and stablecoins for trades with China and India: report

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Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist. Faced with Western sanctions, Russian oil firms are actively turning to cryptocurrencies to move money between China and India, Reuters has learned citing sources close to the matter. One of the sources say some Russian oil companies are using Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) to smooth the conversion of Chinese yuan and Indian rupees to Russian roubles. Although more companies are using…

Crypto Pundit Claims XRP Will Hit $1,000 – 10 Reasons Why

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz community—laid out a comprehensive argument for why he believes XRP could soar to four- and even five-digit price territory.…

US court gives Three Arrows nod to increase its FTX claim to $1.53B

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A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion. Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings. In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility…

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades […] Source CryptoX Portal

Texas court issues judgment against Bancor DAO after it ignored summons

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A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons.  Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO’s forum in January 2024. “Defendant Bancor DAO has failed to answer or otherwise defend itself within the time allowed, and that plaintiffs have demonstrated that failure,” wrote district court clerk Philip Delvin on March 13. The class action…

Association seeks to overturn Arkansas law aimed at foreign crypto miners

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The Arkansas Cryptomining Association is suing two Arkansas state officials, arguing that they enforced an unconstitutional and discriminatory state rule prohibiting foreign-born American citizens from engaging in crypto-mining activities, among other things. The complaint was made against Arkansas Attorney General Tim Griffin and the director of the Arkansas Oil and Gas Commission, Lawrence Bengal, on March 13 in the US District Court Eastern District of Arkansas.  It follows a federal court ruling last November that temporarily barred Arkansas from preventing a naturalized US citizen of Chinese descent from operating a…