Author: News Room
On March 28, Tron Foundation urged a New York federal court to drop a lawsuit initiated by the U.S. SEC, arguing that the SEC is overreaching by targeting actions that primarily occurred outside the U.S. The foundation’s dismissal motion highlights its stance against the SEC’s global jurisdiction claims over its digital asset offerings. The SEC’s legal action against Tron, initiated last March, centers on allegations that the sale of Tron (TRX) and BitTorrent (BTT) tokens constituted unregistered securities offerings. The lawsuit also involves the BitTorrent Foundation and Rainberry Inc., both associated with Tron since their acquisition in 2018. However, Tron,…
Tether, the world’s leading stablecoin issuer, has significantly bolstered its reserves by acquiring 8,889 Bitcoin (BTC). Tether’s most recent purchase brought its total Bitcoin reserves to over 75,000 BTC, with a combined value exceeding $5.3 billion. Tether’s Growing Embrace of Bitcoin The on-chain data reveals that Tether received the Bitcoin from Bitfinex’s hot wallet on March 31, 2024, at 17.21 UTC. At the time of the transaction, those Bitcoins were worth approximately $627 million. Over the past year, Tether has demonstrably increased its Bitcoin holdings. Tether first disclosed its Bitcoin holdings in the first quarter of 2023. At the time,…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Brazilian stock exchange will offer bitcoin futures contracts, Paraguay advances measures to curb illegal bitcoin mining operations, and Worldcoin gets a legal victory in Chile. Brazilian Stock Exchange B3 to List Bitcoin […] Read the full article here
Bitwise CIO Matt Hougan says a cohort of investors holding $100 trillion in wealth is in the early stages of getting Bitcoin (BTC) and crypto exposure. In a weekly memo to investment professionals, the executive of a Bitcoin spot market exchange-traded fund (ETF) issuer says BTC is in the midst of a “raging” bull market. According to Hougan, deep-pocketed investment professionals now have access to Bitcoin and crypto following the launch of spot BTC ETFs in January. “These investors control tens of trillions of dollars – globally, the best estimate is over $100 trillion – and they are just starting…
Meme coin hype has dominated crypto social media recently as more seemingly worthless tokens were pumped over the weekend. Industry observer “L” told their 46,000 X followers on April 1 that it is “obvious” that the meme coin craze is retail-driven. “Meme coins are the clear indicator of whether retail is here. It’s obvious to anyone who has been in the trenches that we are in a bull market now.” There were just 2 billion dollars worth of meme coins in all of 2023, and nowadays, these assets are running to 9 figures in the blink of an eye, they…
Stacks Foundation, an innovative team that is working on various implementations of programmable Bitcoin (BTC) L2s, shares details of its latest R&D initiative, its objectives and funding plan. Stacks Working Group starts researching BitVM Stacks Working Group, a new research team of cryptocurrency professionals, starts its study program with focus on BitVM, a computational layer based on Bitcoin (BTC), the largest cryptocurrency. This statement was made by Stacks Foundation’s Head of Growth Mitchell Cuevas on March 28, 2024. Can we build better Bitcoin layers with BitVM? 🟧A new @Stacks Working Group with an initial allocation of $500,000 is going to…
Terra Luna Classic (LUNC) price has recorded 180% gains this year and 400% rally since October last year amid chain developments and support from the world’s largest crypto exchange Binance. An analyst predicts there’s still more than 270% upward movement left in LUNC due to the formation of a bullish pattern. Read the full article here
As the much anticipated Bitcoin halving is approaching, Bitcoin (BTC) is marking the first day of April by climbing back to $71,000. However, as of writing, Bitcoin has retraced to the $70,500 level. Bitcoin Halving is Now 2,818 Blocks Away This remarkable rally comes as the crypto market’s pivotal event, Bitcoin halving, is now 2,818 blocks away. NiceHash’s countdown reveals that Bitcoin halving is estimated to happen on April 21, 2024. This phenomenon has been widely discussed over the weekend on social media platforms such as X (Twitter). Bitcoin halving itself has historically catalyzed significant price movements within the digital…
The Solana Foundation has given its take on the offensive meme coin issue that originates on the Solana blockchain. Austin Federa, head of strategy at the Solana Foundation, sustained that the core components of Solana should be permissionless while blocking some of these offensive assets should be left to individual applications. Solana Unlikely to Deal […] Read the full article here
Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the latest development, South Korean authorities have reportedly arrested two anonymous individuals in their 20s and 30s for orchestrating a similar scam that targeted a senior citizen. Two Fraudsters Arrested For Targeting Elderly The local report by the popular Korean daily, ‘Chosun,’ stated that the victim,…