India’s SEBI Chairperson Urges Faster Settlements to Compete with Crypto
Cryptopolitan (RSS)
To bolster India’s financial markets and prevent investors from migrating to cryptocurrency platforms, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), has issued a stark warning.
Buch emphasized the need for regulated markets to offer instantaneous settlement processes, citing the growing allure of cryptocurrencies, which provide swift transactions and tokenization. This move comes amidst escalating concerns about potential market exodus and follows Bitcoin’s recent surge to an all-time high, crossing the $73,000 mark.
SEBI’s push for faster settlements
SEBI has unveiled plans to introduce a same-day settlement cycle, effective from March 28, 2024, on an optional basis. This initiative positions India as the second country, after China, to implement such a rapid sett...
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Cryptopolitan (RSS)
To bolster India’s financial markets and prevent investors from migrating to cryptocurrency platforms, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), has issued a stark warning.
Buch emphasized the need for regulated markets to offer instantaneous settlement processes, citing the growing allure of cryptocurrencies, which provide swift transactions and tokenization. This move comes amidst escalating concerns about potential market exodus and follows Bitcoin’s recent surge to an all-time high, crossing the $73,000 mark.
SEBI’s push for faster settlements
SEBI has unveiled plans to introduce a same-day settlement cycle, effective from March 28, 2024, on an optional basis. This initiative positions India as the second country, after China, to implement such a rapid sett...
View original post
SendingNetwork Launches Testnet for Bandwidth Mining, Redefining Decentralized Communication Infrastructure
Cryptopolitan (RSS)
Austin, Texas, March 13th, 2024, Chainwire
SendingNetwork, communication infrastructure for web3, today announced the launch of its testnet for bandwidth mining. This launch is set to revolutionize the way we utilize bandwidth around the world. Through the implementation of an incentive testnet, rigorous security measures, and a clear roadmap towards token launch, SendingNetwork is dedicated to building a robust, secure, and community-driven network.
By participating, node providers can transform bandwidth into a valuable asset that enhances the network, earning SendingNetwork Points in the process. This initiative not only promotes the efficient use of bandwidth but also lays the foundation for a decentralized network designed to encourage the sharing of bandwidth, creating a more secure, scalable and decent...
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Cryptopolitan (RSS)
Austin, Texas, March 13th, 2024, Chainwire
SendingNetwork, communication infrastructure for web3, today announced the launch of its testnet for bandwidth mining. This launch is set to revolutionize the way we utilize bandwidth around the world. Through the implementation of an incentive testnet, rigorous security measures, and a clear roadmap towards token launch, SendingNetwork is dedicated to building a robust, secure, and community-driven network.
By participating, node providers can transform bandwidth into a valuable asset that enhances the network, earning SendingNetwork Points in the process. This initiative not only promotes the efficient use of bandwidth but also lays the foundation for a decentralized network designed to encourage the sharing of bandwidth, creating a more secure, scalable and decent...
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Crypto mining giant Core Scientific optimistic despite $137.9M revenue dip
Cryptopolitan (RSS)
Core Scientific, a prominent crypto mining firm, has disclosed a decrease in its year-on-year revenues in the fourth quarter (Q4) of 2023. The company’s total revenue for the entirety of 2023 was $502.4 million, indicating a notable decline from the $640 million achieved in the previous year.
This downturn in revenue is primarily attributed to Core Scientific‘s departure from the mining rig sales business and the heightened global Bitcoin hash rate observed throughout 2023.
Core Scientific positive momentum amid revenue challenges
Despite the decrease in annual revenue, Core Scientific’s Q4 2023 results displayed some positive indicators. The company ...
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Cryptopolitan (RSS)
Core Scientific, a prominent crypto mining firm, has disclosed a decrease in its year-on-year revenues in the fourth quarter (Q4) of 2023. The company’s total revenue for the entirety of 2023 was $502.4 million, indicating a notable decline from the $640 million achieved in the previous year.
This downturn in revenue is primarily attributed to Core Scientific‘s departure from the mining rig sales business and the heightened global Bitcoin hash rate observed throughout 2023.
Core Scientific positive momentum amid revenue challenges
Despite the decrease in annual revenue, Core Scientific’s Q4 2023 results displayed some positive indicators. The company ...
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Terraform Labs Gains Court Approval for Legal Defense Amid Bankruptcy
Cryptopolitan (RSS)
In a recent decision that underscores the complexities of navigating legal challenges within the cryptocurrency industry, Terraform Labs has received the green light from a U.S. bankruptcy court to engage the services of the global law firm Dentons.
The development comes amid Terraform’s ongoing battle with the U.S. Securities & Exchange Commission (SEC), further highlighted by the firm’s bankruptcy status and the intricate dance of legal and financial strategy that has unfolded as a result.
Court sanctions Dentons engagement
On Tuesday, U.S. Bankruptcy Judge Brendan Shannon presided over a hearing in Wilmington, Delaware, where he endorsed Terraform’s choice to hire Dentons for its legal representation. The approval was not just a procedural step but a significant endorsement of Terraform’s ...
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Cryptopolitan (RSS)
In a recent decision that underscores the complexities of navigating legal challenges within the cryptocurrency industry, Terraform Labs has received the green light from a U.S. bankruptcy court to engage the services of the global law firm Dentons.
The development comes amid Terraform’s ongoing battle with the U.S. Securities & Exchange Commission (SEC), further highlighted by the firm’s bankruptcy status and the intricate dance of legal and financial strategy that has unfolded as a result.
Court sanctions Dentons engagement
On Tuesday, U.S. Bankruptcy Judge Brendan Shannon presided over a hearing in Wilmington, Delaware, where he endorsed Terraform’s choice to hire Dentons for its legal representation. The approval was not just a procedural step but a significant endorsement of Terraform’s ...
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BlackRock (IBIT) & Fidelity (FBTC) Bitcoin ETF Rally Amid Record $1.05 Bln Inflow
CoinGape (RSS)
In the pre-market trading today, BlackRock’s IBIT and Fidelity Wise’s FBTC, both prominent Spot Bitcoin ETFs, surged notably following a strong influx of funds on Tuesday. This surge was mirrored by their main competitors, including Grayscale’s GBTC, VanEck’s HODL and Valkyrie’s BRRR.
BlackRock & Fidelity BTC ETFs Surge
BlackRock’s iShares Bitcoin ETF (IBIT) saw a 2.60% increase to $41.79 during pre-market trading on Wednesday, March 13, according to Yahoo Finance data. This rebound follows Tuesday’s closure at $40.73, reflecting a 0.95% decline. Moreover, the resurgence mainly attributed to a record high inflow of $849 million.
Whilst, Fidelity Wise’s FBTC soared 2.53% to $64.08 in pre-market trading. Moreover, Grayscal...
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CoinGape (RSS)
In the pre-market trading today, BlackRock’s IBIT and Fidelity Wise’s FBTC, both prominent Spot Bitcoin ETFs, surged notably following a strong influx of funds on Tuesday. This surge was mirrored by their main competitors, including Grayscale’s GBTC, VanEck’s HODL and Valkyrie’s BRRR.
BlackRock & Fidelity BTC ETFs Surge
BlackRock’s iShares Bitcoin ETF (IBIT) saw a 2.60% increase to $41.79 during pre-market trading on Wednesday, March 13, according to Yahoo Finance data. This rebound follows Tuesday’s closure at $40.73, reflecting a 0.95% decline. Moreover, the resurgence mainly attributed to a record high inflow of $849 million.
Whilst, Fidelity Wise’s FBTC soared 2.53% to $64.08 in pre-market trading. Moreover, Grayscal...
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Just-In: Coinbase (COIN) Target Price Revised on Estimated $220B Bitcoin ETF Inflows
CoinGape (RSS)
Crypto exchange Coinbase shares has picked a spectacular rally amid bullish Bitcoin and crypto market. After Goldman Sachs and other financial giants, investment banking and asset management firm JMP Securities has raised the target price of Coinbase shares to $300.
Coinbase (COIN) Price Target
JMP Securities analyst Devin Ryan revised the target price for Coinbase Global Inc. (NASDAQ: COIN) from $220 to $300, on March 13. Coinbase being the major regulated market for crypto investing and surveillance partner and custodian for spot Bitcoin ETFs have proved beneficial for the crypto exchange.
As per JMP Securities, spot Bitcoin ETFs can see $220 billion of inflows over the next three years. This is significantly higher than what has already been experienced, with assets under man...
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CoinGape (RSS)
Crypto exchange Coinbase shares has picked a spectacular rally amid bullish Bitcoin and crypto market. After Goldman Sachs and other financial giants, investment banking and asset management firm JMP Securities has raised the target price of Coinbase shares to $300.
Coinbase (COIN) Price Target
JMP Securities analyst Devin Ryan revised the target price for Coinbase Global Inc. (NASDAQ: COIN) from $220 to $300, on March 13. Coinbase being the major regulated market for crypto investing and surveillance partner and custodian for spot Bitcoin ETFs have proved beneficial for the crypto exchange.
As per JMP Securities, spot Bitcoin ETFs can see $220 billion of inflows over the next three years. This is significantly higher than what has already been experienced, with assets under man...
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Toncoin Price Rallies 23% As TON Partners DWF Labs & Fireblocks
CoinGape (RSS)
The crypto sphere witnessed a dramatic surge as the Toncoin (TON) price noted a remarkable 23% rally on Wednesday, March 13, following key announcements. Notably, this notable climb follows the announcement of groundbreaking collaborations with industry giants DWF Labs and Fireblocks.
Meanwhile, the strategic partnerships aim to fortify Toncoin’s position in the Web3 landscape, promising enhanced security, accessibility, and interoperability for users.
Collaboration With DWF Labs & Fireblocks
In a recent statement, the Toncoin Foundation articulated its vision for revolutionizing internet ownership through the introduction of TON Space, a self-custody wallet designed to empower users while ensuring top-notch security standards. The collaboration with DWF Labs and Fireblocks, renowned entities in the ...
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CoinGape (RSS)
The crypto sphere witnessed a dramatic surge as the Toncoin (TON) price noted a remarkable 23% rally on Wednesday, March 13, following key announcements. Notably, this notable climb follows the announcement of groundbreaking collaborations with industry giants DWF Labs and Fireblocks.
Meanwhile, the strategic partnerships aim to fortify Toncoin’s position in the Web3 landscape, promising enhanced security, accessibility, and interoperability for users.
Collaboration With DWF Labs & Fireblocks
In a recent statement, the Toncoin Foundation articulated its vision for revolutionizing internet ownership through the introduction of TON Space, a self-custody wallet designed to empower users while ensuring top-notch security standards. The collaboration with DWF Labs and Fireblocks, renowned entities in the ...
View original post
Bitcoin Price: Why $1B ETF Inflows Could Accelerate BTC Momentum To $80,000 This Week?
CoinGape (RSS)
Bitcoin price is back on its north-facing trajectory after facing some volatility on Tuesday due to the US CPI coming in hotter than expected. The leading crypto briefly tumbled under $70,000 as investors reacted to inflation rising to 0.4% in February and 3.2% yearly.
However, as discussed, Bitcoin’s corrections tend to fill up quickly during bull markets due to investors buying the dip to maximize gains in the long run.
The uptrend resumed after the pullback, reinforced by positive sentiment across the market and skyrocketing Bitcoin ETF net inflows.
Bitcoin price hovers at $73,140 at the tai...
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CoinGape (RSS)
Bitcoin price is back on its north-facing trajectory after facing some volatility on Tuesday due to the US CPI coming in hotter than expected. The leading crypto briefly tumbled under $70,000 as investors reacted to inflation rising to 0.4% in February and 3.2% yearly.
However, as discussed, Bitcoin’s corrections tend to fill up quickly during bull markets due to investors buying the dip to maximize gains in the long run.
The uptrend resumed after the pullback, reinforced by positive sentiment across the market and skyrocketing Bitcoin ETF net inflows.
Bitcoin price hovers at $73,140 at the tai...
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Dutch Central Bank Slaps $3.1 Mln Fine on Crypto.com for Registration Violation
CoinGape (RSS)
Crypto.com has faced another roadblock in the Netherlands with a heavy fine levied on it. According to a report by Reuters, the virtual asset exchange has been fined $3.1 million by the country’s central bank.
Crypto.com Faces Allegation of Non-Compliance
Reuters highlights that the virtual asset exchange Crypto.com was fined 2.85 million euros ($3.11 million) by the Dutch central bank on Wednesday for providing its services in the country without the required registration. In the Netherlands, companies that want to offer cryptocurrency services have to register with the Central Bank (DNB). These legislations are designed to prevent money laundering and the funding of terrorist groups.
Due to Crypto.com’s huge client base in the Netherlands and its ability to maintain a compet...
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CoinGape (RSS)
Crypto.com has faced another roadblock in the Netherlands with a heavy fine levied on it. According to a report by Reuters, the virtual asset exchange has been fined $3.1 million by the country’s central bank.
Crypto.com Faces Allegation of Non-Compliance
Reuters highlights that the virtual asset exchange Crypto.com was fined 2.85 million euros ($3.11 million) by the Dutch central bank on Wednesday for providing its services in the country without the required registration. In the Netherlands, companies that want to offer cryptocurrency services have to register with the Central Bank (DNB). These legislations are designed to prevent money laundering and the funding of terrorist groups.
Due to Crypto.com’s huge client base in the Netherlands and its ability to maintain a compet...
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Crypto Price Prediction: 3 Altcoins Likely Reach New Highs As Bitcoin Targets $80,000
CoinGape (RSS)
Crypto Price Prediction: Over the past two weeks, the largest cryptocurrency by market cap, Bitcoin has continually surpassed its own record, reaching a new peak at $73571 on Wednesday. As per the Santiment data, this bullish trend has coincided with a notable increase in the number of small Bitcoin wallets, specifically those holding less than 0.1 BTC, which saw a growth of 277,000 wallets. In contrast, the count of larger Bitcoin wallets, specifically those with more than 1K BTC, has decreased by 105.
...
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CoinGape (RSS)
Crypto Price Prediction: Over the past two weeks, the largest cryptocurrency by market cap, Bitcoin has continually surpassed its own record, reaching a new peak at $73571 on Wednesday. As per the Santiment data, this bullish trend has coincided with a notable increase in the number of small Bitcoin wallets, specifically those holding less than 0.1 BTC, which saw a growth of 277,000 wallets. In contrast, the count of larger Bitcoin wallets, specifically those with more than 1K BTC, has decreased by 105.
...
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Ethereum Finalizes 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.