Category: Other Crypto News

KuCoin Introduces Perpetual Futures Tied to Tesla and Strategy stocks

boss

Crypto exchange KuCoin has launched equity-linked perpetual derivatives tied to stocks, including Tesla and Strategy, allowing traders to speculate on their price movements through USDt-settled contracts that trade around the clock. According to Friday’s announcement, the first listings include TSLAUSDT and MSTRUSDT perpetual contracts, which track price movements in the underlying equities but do not grant ownership of the shares. Instead, the products are synthetic derivatives settled in stablecoins. The contracts have no expiration date and can be traded continuously. Positions can be opened with as little as 1 USDt…

Why The Dogecoin EMA Is The Level That Will Determine The Next Price Move

boss

Crypto analyst Osemka has suggested that DOGE is at a make-or-break level, where it could see a parabolic move to the upside or suffer a huge decline. The analyst alluded to the Dogecoin EMA, which could determine the next move for the foremost meme coin.  Dogecoin EMA Set To Determine Next Move For The Meme Coin In an X post, Osemka said that something will soon have to give, alluding to the Dogecoin EMA. The analyst noted that DOGE has been getting slammed by the EMA for the past three…

AI Power Demand Fuels Nuclear Revival — Bitcoin Miners Were Early Adopters

boss

Nuclear power is gaining renewed attention in the United States as artificial intelligence and data center expansion drive demand for reliable, large-scale electricity. According to the latest Miner Weekly newsletter from TheEnergyMag, recent annual filings suggest that major utilities and power producers believe the United States may be entering a “nuclear renaissance.” The publication cited recent annual filings showing that utilities are linking the revival to long-term power contracts with AI hyperscalers such as Microsoft, Amazon and Meta Platforms. Rather than relying solely on renewable energy credits to offset emissions,…

Bitcoin Eyes Gold’s Crown As Institutional Money Quietly Shifts

boss

Wall Street’s biggest gold fund saw something unusual recently — a single-day outflow of $3 billion from SPDR Gold Shares, a number that dwarfed any comparable daily exit over the prior two years by more than 200%. The $3 billion single-day outflow from SPDR Gold Shares — a US gold-backed ETF trading under the ticker GLD — was flagged by the Kobeissi Letter as exceeding any comparable daily exit over the prior two years by more than 200%. Related Reading On the same side of the ledger, Bitcoin exchange-traded funds…

Bitcoin Grills $74,000 Again After US PCE Inflation Data

boss

Bitcoin (BTC) aimed for five-week highs at Thursday’s Wall Street open as US inflation trends stayed on track. Key points: US inflation data keeps crypto and stocks higher as BTC price action tests $74,000 again. Bitcoin traders diverge over the future of the move, with a “bearish retest” risking a new price collapse. BTC/USD finally recrosses its 50-day moving average trend line. PCE inflation emboldens Bitcoin bulls Data from TradingView confirmed new local BTC price highs near $74,000 following the January print of the Personal Consumption Expenditures (PCE) Index. BTC/USD…

Treasury Hits DPRK IT Web After $800M Fraud

boss

The US Treasury (OFAC) has sanctioned six individuals and two entities tied to the Democratic People’s Republic of Korea (DPRK) IT‑worker schemes that allegedly generated nearly $800 million in 2024. US Vs. DPRK Over Crypto Fraud Crypto is once again at the center of Washington’s latest sanctions push. On an official press release on March 12, the US Treasury announced that they have blacklisted a North Korean IT‑worker network accused of routing nearly $800 million through digital assets to fund weapons programs in 2024. The Secretary of the Treasury Scott…

Olivier Janssens’ Nevis Project Offers Residents $100 a Month

boss

Belgian-born crypto millionaire, Olivier Janssens, reportedly offered to pay Nevis residents $100 per month if the government approves his development plans for a tech-friendly libertarian community on the Caribbean island. Jannsens’ Destiny, a project aiming to buy and restructure about 2,400 acres of land on the Caribbean island, said it will begin paying residents $100 per month, “immediately once the final agreement with the government is approved,” according to an email seen by the Financial Times.  The monthly $100 figure is an increase from the initial 30 East Caribbean dollars…

Authorities Dismantle SocksEscort Proxy Network and Crypto Fraud

boss

US and European authorities said Thursday they had disrupted SocksEscort, a malicious proxy service used by cybercriminals to hide their identities while carrying out fraud, including cryptocurrency account takeovers. The DOJ said the service compromised at least 369,000 routers and other internet-connected devices in 163 countries, giving cybercriminals control over proxies that hid their true IP addresses. The platform reportedly enabled crimes, including bank fraud and cryptocurrency account takeovers, since 2020. In one case cited by prosecutors, a victim in New York lost roughly $1 million in cryptocurrency. Authorities said…

Yield-Bearing Stablecoins Surge as Washington Fights Over Yield

boss

Yield-bearing stablecoins are growing faster than the broader stablecoin market, according to Messari, as Washington remains divided over how crypto-linked yield should be treated under US law. Yield-bearing stablecoins have outpaced the growth of the broader stablecoin market 15-fold over the past six months, according to a Messari research report published on Thursday. The increase was driven by a 198% rise in the market cap of Circle’s USYC (USYC), a 169% increase in Paxos’ Global Dollar (USDG), a 114% rise in the value of the Tron DAO-linked Decentralized USD (USDD),…

Bank of England Comes Around on Stablecoins

boss

The Bank of England’s (BOE) position on stablecoins is evolving to a more friendly stance, but according to the bank’s deputy governor, constructive dialogue with the industry is still lacking. The UK’s central bank launched a consultation on stablecoins in November last year. Some of the proposed requirements drew the ire of crypto industry representatives, who claimed they could stifle innovation.  Over the past few months, the bank has been working with industry groups to develop its stance on stablecoins. These include revising backing requirements and rethinking account limits.  Some…