Month: March 2025

AUSTRAC Tightens Screws on Crypto Exchanges, Warns of Enforcement Action

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The Australian Transaction Reports and Analysis Centre has announced that peer-to-peer cryptocurrency exchanges will be required to capture user information starting March 31, 2026. Reporting Suspicious Transactions The Australian financial agency responsible for monitoring transactions has said virtual assets services providers such as peer-to-peer cryptocurrency exchanges and custody service providers will be required to capture […] Source

Ethereum $2,000 Support Retest Key For ETH’s Next Move

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Este artículo también está disponible en español. On Tuesday, Ethereum (ETH) retested the $2,000 support zone, falling below this level for the first time in over a year. Some analysts suggested the second-largest crypto risks a 40% correction as its price attempts to hold its support level “between heaven and hell.” Related Reading Monday Dump Sends Ethereum To 15-Month Low Ethereum has fallen to a yearly low of $1,993, according to Binance market data. The cryptocurrency has dropped below $2,000 for the first time in 15 months, hitting its lowest…

Why is Cardano (ADA) price up today?

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Cardano (ADA) has recovered strongly, bouncing 30% from March 4 low of $0.7570 to an intraday high of $0.9792 ahead of this week’s first-ever White House Crypto Summit.  The top-ten altcoin is up 13% over the last 24 hours to trade at $0.9384 at the time of writing. ADA/USD daily chart. Source: Cointelegraph/TradingView Let’s take a closer look at all the main factors driving ADA price up today. Anticipation for the White House Crypto Summit The first-ever White House Crypto Summit, scheduled for March 7, 2025, is generating significant buzz…

Tether Strengthens Regulatory Focus With New CFO

Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) to lead its efforts toward a full financial audit, reinforcing its commitment to transparency. The move comes as Tether expands its institutional reach. Tether Appoints New CFO to Drive Full Audit, Reinforcing Transparency Efforts Tether, the world’s largest stablecoin issuer has appointed Simon […] Source CryptoX Portal

$75,500? Analyst Reveals Historical ‘Magnet’ Level

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Este artículo también está disponible en español. An analyst has pointed out how the 50-week moving average (MA) of Bitcoin has historically acted as a sort of magnet for the asset’s price. 50-Week MA Is Currently Situated At $75,500 For Bitcoin In a new post on X, analyst Ali Martinez has discussed about the 50-week MA of Bitcoin. An “MA” is a technical analysis indicator that calculates the average value of any asset’s price over a given period of time and as its name suggests, moves in time, updating its…

Linea Transitions to Native USDC, Enhancing Blockchain Payment Solutions

Caroline Bishop Mar 05, 2025 07:17 Linea’s upgrade to native USDC marks a pivotal moment for blockchain payment networks, promising seamless transactions and enhanced security for DeFi and personal finance applications. In a groundbreaking move for blockchain payment networks, Linea, a prominent Layer-2 (L2) blockchain, is set to upgrade from Circle’s Bridged USDC Standard to native USDC. This transition is expected to bring significant enhancements to the network without requiring any action from users or developers, according to linea.mirror.xyz. The upgrade, which…

OFAC designates Iranian administrator of darknet marketplace with Bitcoin and Monero addresses

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The U.S. Treasury sanctioned an Iranian national for operating Nemesis, a darknet drug marketplace, and blacklisted almost 50 crypto addresses tied to it. The U.S. Treasury has taken action against Behrouz Parsarad, an Iranian national behind Nemesis, a darknet marketplace involved in fentanyl and other drug trafficking. In a March 4 announcement, the Office of Foreign Assets Control revealed it had also sanctioned 49 cryptocurrency addresses tied to the platform. Founded in 2021, Nemesis became a big hub for illegal drug sales, offering fentanyl and other substances. Per OFAC, Nemesis…

BlackRock’s BTC ETF (IBIT) Registers Highest Trading Volume in 3 Months

Last week, prices for BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since mid-November, according to data source TradingView. Over 331 million shares of the ETF, which trades under the IBIT ticker on Nasdaq, changed hands as the fund’s price dipped below the January support of $50.69, eventually sliding to $46.07, the lowest since early November. That might be a disappointment development for the bulls. For decades, one of the cardinal rules in the market has been that price movements must be validated…

Bitcoin ETFs see net outflows double as optimism fades over Trump’s crypto reserve plan

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Spot Bitcoin exchange-traded funds in the United States saw their net outflows nearly double as market experts expressed concerns over U.S. President Donald Trump’s proposed crypto reserve plan. According to data from SoSoValue, the 12 Bitcoin ETFs recorded $143.43 million in net outflows on March 4—almost double the previous day’s net inflows of $74.19 million. Fidelity’s FBTC and ARK 21Shares’ ARKB saw outflows of $46.08 million and $43.92 million, respectively. Franklin Templeton’s EZBC followed with net redemptions of $35.71 million. Other BTC ETFs contributing to the negative momentum included Bitwise’s…