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EOS Experiences 25% Spike Following Vaulta Rebranding Announcement
EOS Network is making headlines with its decision to rebrand as Vaulta, embarking on a transformative journey towards establishing itself in the Web3 banking sphere. This rebranding effort is aimed not only at refreshing the platform’s identity but also at facilitating a strong connection between decentralized technologies and traditional financial systems. The company plans to…
Continue ReadingDigital Chamber Gets New Chief as U.S. Crypto Lobbyists Embrace Friendlier Washington
Cody Carbone will be stepping into the role of chief executive officer at the Digital Chamber next month, succeeding the founder, Perianne Boring. Boring has led the oldest U.S. crypto advocacy group for a decade and is transitioning to chair the organization’s board. This leadership change comes as the Digital Chamber gears up for its…
Continue ReadingCommunity slams Crypto.com CEO over 70B CRO re-issuance
Crypto.com, a prominent player in the cryptocurrency exchange landscape, recently came under scrutiny following a contentious vote related to the reversal of a massive token burn on its Cronos blockchain. A proposed re-issuance of 70 billion Cronos (CRO) tokens, initially planned for destruction in 2021, has sparked significant backlash from the community. On March 19,…
Continue ReadingCardano’s Social Sentiment Is Booming
Cardano (ADA) is currently navigating through a tumultuous phase, marked by a noticeable decline of nearly 12% over the past month, placing its value at approximately $0.70. This downturn reflects broader market trends, exacerbated by significant sell-offs from large holders, or ‘whales,’ who offloaded over 100 million ADA tokens in just the past week. Such…
Continue ReadingBattered BTC Market Looks to Federal Reserve for Support, BofA Predicts End of QT
As Bitcoin (BTC) continues to navigate the turbulent waters of a recent downturn, attention is shifting to the imminent Federal Reserve (Fed) rate decision scheduled for Wednesday. Market participants are keen for indications that the Fed might conclude its balance sheet runoff program, known as quantitative tightening (QT), a move that could provide significant support…
Continue ReadingBitcoin futures ‘deleveraging’ wipes $10B open interest in 2 weeks
Bitcoin exchanges are currently experiencing a significant “deleveraging event,” a phenomenon that is likely to influence future price movements, according to a recent analysis by CryptoQuant. The onchain analytics platform highlighted a staggering $10 billion capitulation in Bitcoin futures markets as part of its “Quicktake” series on March 17. ### Critical Deleveraging for Bitcoin Price…
Continue ReadingBitcoin is just seeing a ‘normal correction,’ cycle peak is yet to come: Analysts
Bitcoin’s recent correction from its peak in January is being analyzed by industry experts as a standard phase within its cyclical behavior, suggesting that a price recovery could still be on the horizon. Ben Simpson, CEO of Collective Shift, indicated that while there is turbulence in the crypto market attributed to macroeconomic factors, particularly global…
Continue ReadingStrategy Plans to Use Funds from Preferred Stock Offering for Bitcoin Acquisitions
Prominent business intelligence firm Strategy, recognized as the world’s largest corporate holder of Bitcoin, has unveiled its intentions to auction 5 million shares of its Series A Perpetual Strife Preferred Stock (PSPS) through a public offering. The proceeds from this offering are earmarked for general corporate purposes, primarily focusing on working capital and further acquisitions…
Continue ReadingMinnesota senator proposes Bitcoin Act after going from skeptic to believer
Senator Jeremy Miller of Minnesota has taken a significant step toward embracing cryptocurrencies with the introduction of the Minnesota Bitcoin Act. This legislative proposal emerges from a personal transformation for Miller, who originally held a skeptical view of Bitcoin. “As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone…
Continue ReadingFour.Meme resumes operations after $120K sandwich attack
The BNB Chain-based memecoin launch platform Four.Meme has recently reactivated its operations following a significant security breach that resulted in a $120,000 loss due to a sophisticated sandwich attack. On March 18, Four.Meme announced via a post on X that its launch functionality was back online after a comprehensive security evaluation. Initially, the platform had…
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