Author: News Room

The recovery in the cryptocurrency market and, especially in Bitcoin (BTC) price has dimmed many investors’ hopes for a pre-halving retrace. After the largest crypto bounced back from $60,500 support, its fork, Bitcoin Cash (BCH) price also gained immense momentum, climbing by 14% to $424 during the US business hours on Thursday. Read the full article here

A U.S. district court issued a severe reprimand to the Securities and Exchange Commission (SEC) for what was described as a “flagrant misuse of authority” during litigation against the cryptocurrency sector. The SEC faced judicial censure after a failed attempt to regulate the cryptocurrency industry more stringently. This misstep involved the SEC being labeled as “malicious behavior” by Judge Robert J. Shelby. He highlighted that the SEC deceitfully influenced the court to impose a temporary injunction against Debt Box, stemming from a legal action initiated in July. Source: X (Formerly Twitter) Judge Shelby’s decision detailed that the SEC’s actions egregiously…

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Immutable Games announced Tuesday that its long-in-the-works mobile role-playing game Guild of Guardians will finally launch globally on May 15 across Apple’s iOS App Store and Google’s Android Play Store. Running on Immutable zkEVM, an Ethereum scaling network, the free-to-play crypto quest lets you guide fantasy adventurers through dungeons and battle against powerful bosses as you amass loot. The game has notched over a million pre-registered players in the run-up to release. In advance of the global launch, Guild of Guardians is introducing an on-chain crafting system called The Altar of Sacrifice on March 25. This allows players to collect…

Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media to counter recent reporting about the U.S. Securities and Exchange Commission’s (SEC) potential classification of Ethereum (ETH) as a security. Grewal’s strongly-worded response comes as the crypto community anxiously awaits a decision on proposed spot Ethereum ETFs. A Fortune report published on March 20 suggests the SEC is ramping up its investigation into whether Ether should be classified as a security. The report details that several U.S. companies have received subpoenas demanding documents and records related to their dealings with the Ethereum Foundation, the non-profit overseeing the blockchain’s development.…

Optimism is growing within the halls of Congress that crucial crypto regulation could be enacted before the upcoming presidential elections. This sentiment stems from Rep. Patrick McHenry, a leading proponent of crypto within the House of Representatives. US Crypto Regulation Bill Under Works Rep. McHenry, the Republican chair of the House Financial Services Committee, highlighted the improved chances of passing legislation designed to bring regulatory clarity to the crypto market. “I think we have a couple of opportunities ahead before the election to see real policy,” McHenry remarked. He pointed to a significant shift in congressional support following the replacement…

In its latest “Halving Handbook,” Coinbase Institutional draws striking comparisons between the upcoming Bitcoin halving and the market cycle from 2018-2022, offering insights into the potential impacts on the crypto economy. Coinbase’s Halving Handbook The next Bitcoin halving, set for mid-April 2024, is poised to slash miner rewards from 6.25 BTC to 3.125 BTC, a […] Read the full article here

Smart contract platform Avalanche (AVAX) is powering a new web3-based voucher program for a Chinese digital payment platform. In a statement, Avalanche says the voucher program targets food and beverage merchants and consumers in Southeast Asia. The smart contract platform is partnering with Alipay’s merchant ordering solution, Alipay+ D-store, as well as the payment firm’s partner e-wallets. The Ethereum (ETH) competitor says consumers, particularly local milk tea buyers who complete branded minigames on partner platforms, will receive web3-enabled vouchers in their e-wallet, which they can use to pay for their purchase and get a discount. “Vouchers give users discounts of…

Bitcoin’s setback below $61,000 triggered a market-wide correction. Despite the inflow of fresh capital, the leading crypto asset registered 15% in weekly losses at one point after hitting new all-time highs earlier this month. QCP Capital’s analysis suggests that the Bitcoin bull market is far from over while simultaneously highlighting a continued liquidity rotation, which is likely to propel the asset to new highs post-halving. Having said that, a “violent” near-term correction due to lingering leverage might transpire. Bitcoin’s Bullish Momentum at Risk? One of the main catalysts of the Bitcoin rally this year and the subsequent improvement in investor…

The current recovery in the price of Bitcoin (BTC) has triggered another bout of liquidations in the industry. Current data from CoinGlass shows a shift in short traders, with market liquidations coming in at $311.83 million and more than 90,000 traders liquidated overall. The price of Bitcoin at the time of writing is pegged at $66,969.92, up by more than 6% over the past 24 hours. For a digital currency that traded as low as $62,082.55 within the time frame, recording this uptick is a major boost, one that has not favored short sellers. Exactly $98.99 million worth of Bitcoin…