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Web3 devs, gamers, investors thrive despite India’s crypto policy hurdles
India is witnessing a significant surge in its contribution to the global Web3 ecosystem, marking substantial year-on-year growth across software development, gaming, investments, and startup funding, even amid the absence of tailor-made local cryptocurrency regulations. According to the India Web3 Landscape Report 2024 by Hashed Emergent, India’s share of global Web3 developers has leaped from…
Continue ReadingSEC looking to abandon effort requiring crypto firms to register as exchanges
A significant shift in the regulatory landscape for cryptocurrency may be on the horizon as the acting chairman of the U.S. Securities and Exchange Commission (SEC), Mark Uyeda, advocates for a reevaluation of a proposed rule change affecting digital asset firms. This proposed regulation aimed to categorize certain crypto operations as exchanges, thereby subjecting them…
Continue ReadingStrategy shares down 30% since Saylor’s Forbes cover
Strategy (MSTR) has witnessed a significant decline in its share price, plummeting by 30% since its executive chairman, Michael Saylor, graced the cover of Forbes. According to stock price data from Yahoo Finance, the company’s shares dropped from $340.09 on January 30 to $238.25 by March 10. Notably, March 10 marked a particularly rough day,…
Continue ReadingCalifornia financial regulator warns of 7 new types of crypto, AI scams
2024 has seen an alarming increase in reports of cryptocurrency and artificial intelligence scams, as highlighted by the California Department of Financial Protection and Innovation (DFPI). A recent statement from the DFPI revealed that users lodged 2,668 complaints, uncovering seven novel types of scams previously uncharted in their records. Among the most concerning scams are…
Continue ReadingIs Bitcoin Immune to Stock Market Volatility? Expert Weighs In
Bitcoin recently experienced a significant fluctuation, dropping below the $80,000 mark, which has reignited discussions about its connection to the conventional financial markets. Notably, CrediBULL Crypto, a prominent trader with a following of over 465,000 on X, argues that concerns surrounding Bitcoin’s correlation with traditional stocks are overstated. He posits that the recent correction in…
Continue Reading4 things must happen before Ethereum can reclaim $2,600
Ether (ETH) has faced significant challenges since its price dipped below $2,600 on February 24, 2023. The cryptocurrency has struggled to recover and has seen over $918 million in leveraged long liquidations within just 15 days following its recent correction toward the $2,000 mark, as reported by CoinGlass. This downturn has raised questions among traders…
Continue ReadingStrategy Announces Preferred Stock Offering to Fund Additional BTC Purchases
Michael Saylor’s business intelligence company, Strategy, has announced a significant move by entering into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock. This announcement was made through a filing with the U.S. Securities and Exchange Commission (SEC), which highlights the growing financial ambitions of the firm…
Continue ReadingRecent SEC Guidance On Memecoins Suggests Broader Policy Change
On February 27, 2025, the SEC’s Division of Corporate Finance unveiled crucial guidance that positions memecoins—digital assets driven by internet culture—largely outside the realm of securities regulation. This announcement marks a pivotal shift from previous regulatory approaches, particularly under former Chair Gary Gensler, who sought broader oversight of the emerging digital-asset landscape. The SEC defined…
Continue ReadingTexas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded
The recent developments in the cryptocurrency landscape highlight a significant shift in regulatory approaches across various states and countries, aiming to both leverage and protect participants in the digital asset market. Texas Senate Passes Bitcoin Strategic Reserve Bill On March 6, the Texas Senate took a bold step by passing Bill SB-21, aimed at establishing…
Continue ReadingHow Low Will BTC Drop This Week Following Loss of $80K
Bitcoin has recently experienced notable downward momentum, plunging below its crucial 200-day moving average at $83,000, a significant bearish indicator for the market. As the cryptocurrency grapples with this challenge, it is currently testing the $80,000 support level—often regarded as the last line of defense for buyers. A breach here could trigger further declines, potentially…
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