Day: March 17, 2025

Telegram ‘exceeded’ its legal obligations

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Telegram founder Pavel Durov said the company had always met and “exceeded” its legal obligations in moderation, cooperation and fighting crime.  On March 17, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.” The post follows reports that the Telegram founder was allowed to leave France and return home. On March 15, a report citing anonymous sources said the executive had…

Spot Bitcoin ETFs saw over $1.6b in outflows in the first half of March

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U.S. spot Bitcoin exchange-traded funds recorded over $1.6 billion in net outflows during the first two weeks of March amid escalating U.S. trade tensions and broader market uncertainty. According to data from SoSoValue, the 12 spot Bitcoin (BTC) ETFs saw weekly outflows of $799.39 million and $870.39 million in the first two weeks of March, adding up to a total outflow of $1.67 billion over the period. These outflows marked the fifth straight week of net withdrawals, wiping out over $5.4 billion from these ETFs. In contrast, these Bitcoin ETFs…

Crypto ETPs see $1.7B in outflows, longest streak since 2015

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Cryptocurrency exchange-traded products (ETPs) continued seeing massive selling last week, recording the fifth week of outflows in a row, with $1.7 billion leaving the market.  After seeing slightly softened outflows of $876 million in the previous week, crypto ETP liquidations accelerated during the past trading week, bringing the total five-week outflows to $6.4 billion, CoinShares reported on March 17. The ongoing outflow strike has also marked the 17th straight day of outflows, the longest negative streak since CoinShares started records in 2015, CoinShares’ James Butterfill wrote. Despite notable negative sentiment,…

Dormant whale sends 300 BTC to FalconX as Bitcoin nears $84k CME gap

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A whale that has been dormant for 1.5 years has deposited 300 BTC to crypto brokerage FalconX alongside 1,050 BTC to two other wallets. According to data on SpotOnChain, an anonymous whale with $85.7 million in Bitcoin (BTC) holdings just sent 300 BTC through digital asset broker FalconX. At current market prices, the transaction is worth around $25.1 million in BTC. In addition to FalconX, the whale also sent 1,050 BTC, equal to around $87.2 million, to two fairly new wallets. At press time, the address still holds around $12.55…

Ethereum and Solana Prices Tank While Lightchain Delivers Hope

This content is provided by a sponsor. PRESS RELEASE. Cryptocurrency markets are infamous for their unpredictability, and recent developments have once again fueled excitement and anxiety in equal measure. Ethereum ( ETH) and Solana ( SOL), two of the most prominent players in the blockchain space, have seen notable price drops, shaking investor confidence. However, […] Source CryptoX Portal

Brazilian lawmaker introduces bill to regulate Bitcoin salaries

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Brazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin. Federal deputy Luiz Philippe de Orleans e Bragança has introduced a bill proposing regulation of crypto payments for wages, remunerations and labor benefits. Filed on March 12, the bill PL 957/2025 legalizes voluntary and partial salary payments in cryptocurrencies like Bitcoin (BTC) while also requiring employers to proceed with a part of the pay in the national currency, the Brazilian real. Preview of the draft bill PL 957/2025 by Luiz Philippe…

Bitcoin Price to $20,000? Peter Schiff Shares Bearish Insight as Miners Cash Profit

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Key Notes Bitcoin critic Peter Schiff claims that BTC could see a potential drop to $20,000. Bitcoin has formed a symmetrical triangle pattern on the 4-hour chart. BTC miners have sold over 1,000 BTC, cashing in profits worth over $27 million . Gold advocate and Bitcoin critic Peter Schiff has once again shared a bearish forecast for the leading cryptocurrency. On March 17, Schiff took to X to note Bitcoin’s correlation with the Nasdaq and warned of a major downturn if the stock market enters a deeper bearish phase. …

Not every AI agent needs its own cryptocurrency: CZ

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Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds. AI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data. While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange. 30-day market…

S.Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report

South Korea’s central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea Economic Daily report. In response to a question posed by a member of the National Assembly’s Strategy and Finance Committee, the BOK made it clear on Sunday that it has not entertained the notion of embracing BTC. The primary deterrent for the BOK is bitcoin’s notorious price instability, where the central bank fears that the wild swings in…

Peak ‘FUD’ hints at $70K floor — 5 Things to know in Bitcoin this week

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Bitcoin (BTC) heads into FOMC week in a cautious mood, with multimonth lows still uncomfortably close. BTC price action preserves $80,000 support as upside liquidity looks ripe for the taking. The Fed is the center of attention with a decision due on interest rates and traders eagerly scanning Chair Jerome Powell for dovish signals. A return to accumulation among Bitcoin top buyers forms grounds for confidence over market stability going forward. Historical BTC price cycle analysis delivers an impressive $126,000 target for the start of June. Those looking to “be…