Bitcoin and Ethereum Remain Stable as Cryptocurrency Market Cools Off
Today, the cryptocurrency market experienced a slight cooldown, with its total market capitalization dropping by 1.14% to $2.76 trillion, as reported by Coingecko. This adjustment comes after significant movements in recent days, particularly with Bitcoin and Ethereum encountering resistance levels.
Bitdeer to Raise $100 Million To Expand Bitcoin Mining Facility
According to informed sources, Bitdeer Technologies, a prominent crypto-miner, is in the process of seeking more than $100 million from private credit firms to facilitate its expansion strategies. The move comes in anticipation of the impending Bitcoin halving, a pivotal event for miners, just three weeks away.
KuCoin and Founders Charged for Violations of Bank Secrecy Act and Commodity Exchange Act
Cryptocurrency exchange KuCoin, along with its founders GAN and TANG, are facing criminal charges for breaching the Bank Secrecy Act and the Commodity Exchange Act. This follows an investigation by the Commodity Futures Trading Commission (CFTC), which filed a civil enforcement action against Mek Global Limited, PhoenixFin PTE Ltd., Flashdot Limited, and Peken Global Limited, collectively operating as KuCoin.
Munchables Project Hit by Massive Hacker Attack on Blast Platform
The Blast platform was rocked by a significant security breach as the Munchables project fell prey to a hacker attack, resulting in the loss of 17,400 ETH, equivalent to $62.5 million. Notably, ZachXBT closely monitored the perpetrator, identified by the address 0x6e…09c5, during the incident, marking it as the largest breach on Blast to date. Munchables has since taken action to track the transaction and prevent further unauthorized access.
Binance to Remove Two Spot Trading Pairs to Improve Trading Experience
Binance, a major cryptocurrency exchange, has revealed plans to eliminate two spot trading pairs as part of its ongoing commitment to upholding a high-quality trading environment and safeguarding its users. Specifically, the GNS/BTC and XVG/TUSD trading pairs will be delisted from Binance Spot.
Binance Philippines Users Rush To Liquidate Holdings
Following legal challenges in the Philippines, Binance, the main cryptocurrency exchange, is experiencing a chaotic moment as consumers hurry to dump their holdings at huge discounts. Meanwhile, the recent prohibition by the country’s Securities and Exchange Commission (SEC) has sparked a surge of activity among Binance investors, with reports showing significant USDT discounts and concerns about expensive on-chain costs.
London Stock Exchange to Accept Bitcoin and Ethereum ETN Listings
The London Stock Exchange has announced its decision to accept listing applications for Bitcoin and Ethereum exchange-traded notes (ETNs) starting from April 8, 2024. The move comes following a March 25 Market Update titled “Admission of Bitcoin and Ethereum ETNs,” which outlined the exchange’s plans for the introduction of cryptocurrency ETNs to its platform.
Autism Capital Urges Vitalik Buterin to Return to Twitter Amidst Debate Over Engagement
Autism Capital, a prominent voice in the crypto community, has called for Ethereum co-founder Vitalik Buterin to return to Twitter (referred to as “X” in the conversation) rather than isolating himself on a decentralized platform. They argue that engaging with a larger community on Twitter would allow Buterin to have a greater influence and impact on the culture war surrounding Ethereum.
Binance Executive Escapes Custody Amidst Nigerian Tax Evasion Allegations
Nadeem Anjarwalla, a Binance executive detained in Nigeria on tax evasion charges, has reportedly escaped custody, sparking concern over the handling of the case. Despite being held at a guest house, Anjarwalla managed to flee, prompting authorities to launch a search for his whereabouts.
EU Votes to Ban Cryptocurrency Payments to Hosted Wallets in New AML Law
The EU Parliament’s lead commission has greenlit new AML laws, including a ban on cryptocurrency payments to “hosted wallets” via unidentified self-custody wallets. Patrick Breyer and Gunnar Beck, the two dissenting voices, expressed concerns over the potential impact on financial freedom and the efficacy of such measures in combating crimes. Historically, EU citizens have opposed cash payment prohibitions, emphasizing the importance of anonymity in financial transactions and questioning the effectiveness of such restrictions in curbing criminal activities.