Japan’s Third-Richest Person Just Gave Bitcoin ‘Huge Endorsement’
SoftBank Group has made a $50 million investment into industrial-scale Bitcoin mining company Cipher Mining. …
Solana revenue slumps 93% from January high after memecoin bubble bursts
Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy. However, revenue has since tanked 93% to…
SEC considers dropping controversial rule affecting crypto firms
A controversial rule that expanded the definition of exchanges to include crypto firms may be abandoned as U.S. Securities and Exchange Commission Acting Chairman Mark Uyeda calls for a reassessment. The regulation in question is a 2020 rule originally designed to refine oversight of Alternative Trading Systems but was later broadened under former SEC Chair…
Trump crypto push could hurt Europe’s financial stability: Top EU official
Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability. “The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism (ESM) managing director Pierre Gramegna said at a Eurogroup press…
Mt. Gox makes second $900M+ move in a week as Bitcoin taps $76K
Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11. Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred…
Bitcoin, Ether Slide as Stock Selloff Weighs on Crypto
(Bloomberg) — Cryptocurrencies slid further as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Most Read from Bloomberg Bitcoin (BTC-USD) fell more than 3% on Tuesday morning in Asia while second-ranked token Ether (ETH-USD) dropped as much as 6% to $1,756, an intra-day low not seen…
SEC looking to abandon effort requiring crypto firms to register as exchanges
A proposed rule change pushing for some crypto firms to register as exchanges could be abandoned under a new directive from the acting chairman of the US Securities and Exchange Commission. During a March 10 speech at the Washington Conference of the Institute of International Bankers, acting SEC Chairman Mark Uyeda said he had “asked…
The Beginning of the End for Gender Medicine? Why Trump Could Be Its Toughest Foe Yet
Advocates for the lucrative field of pediatric transgender medicine are fighting back after President Trump moved to cut federal funding for treatments like puberty blockers, hormones, and gender surgeries. Those who support the move consider it a golden opportunity and perhaps the beginning of the end of the transgender movement. Trump’s January 28th executive order,…
Strategy shares down 30% since Saylor’s Forbes cover
Strategy (MSTR) shares have fallen 30% since its executive chairman and former CEO, Michael Saylor, was featured on the cover of Forbes, according to stock price data from Yahoo Finance. Between Jan. 30 and March 10, Strategy’s shares dropped from $340.09 to $238.25. The tumble includes a 17% decline on March 10 amid the wider…
Bitcoin Will Help the United States
American financial Anthony Scaramucci has shared his latest take on the recently announced strategic Bitcoin reserve, arguing that it will actually help the U.S. “We believe in a United States Strategic Bitcoin Reserve not because it will help Bitcoin, but because it will help the United States,” he said on the X social media network. Back…
California financial regulator warns of 7 new types of crypto, AI scams
A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they…
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