Month: March 2024

summary Las Vegas CEO Martin Mizrahi, found guilty on various counts including wire fraud and money laundering, is confronted with a potential 127-year prison sentence. Mizrahi’s illicit activities comprised laundering more than $4 million via Bitcoin, including funds sourced from a New York nonprofit organization and a Mexican cartel. The worldwide crackdown on cryptocurrency fraud…

The Arizona Senate is currently considering the possibility of integrating Bitcoin exchange-traded funds (ETFs) into the investment portfolios of state retirement funds. This move represents a significant step towards modernizing investment strategies and embracing emerging financial technologies within the state’s retirement system. If implemented, allowing Bitcoin ETFs in state retirement portfolios could potentially offer several…

quick take Bitcoin’s price has rebounded notably, exceeding $66,000 following a recent dip. South Korea’s ‘Kimchi premium’ on Bitcoin has reached its peak in the last two years. The surge in the Kimchi premium suggests a robust comeback of Korean retail investors in the cryptocurrency market. Bitcoin (BTC) has experienced a noteworthy price rebound, exceeding…

Solana’s DeFi Ecosystem Witnesses Explosive Growth in Trading Volume Recent data from DefiLlama reveals a significant expansion in Solana’s decentralized finance (DeFi) sector over the past week. Notably, decentralized exchanges (DEXs) operating on the Solana network have seen remarkable spikes in trading volume, particularly between March 3 and March 6. Insights into Solana’s DEX Trading…

On March 7, crypto analyst Dylan LeClair published an extensive report discussing the present condition of the Bitcoin market. LeClair noted the onset of supply distribution, emphasizing the trend of Bitcoin holders beginning to sell off their holdings as new participants, particularly exchange-traded funds (ETFs), enter the market. Despite this development, LeClair reassured readers that…

Amidst a significant resurgence in user activity in India, CoinSwitch has achieved the milestone of becoming the first Indian crypto exchange to surpass 20 million registered users. Several factors have contributed to this accomplishment. The approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, along with the potential approval of Ethereum ETFs, has…

Amid a market rebound, crypto asset manager 21Shares has achieved a significant milestone by surpassing $5 billion in Assets Under Management (AUM). In a press release issued on Tuesday, the company, renowned as the largest issuer of cryptocurrency exchange-traded products (ETPs) globally, disclosed that $3.17 billion of the total AUM is attributable to its subsidiary,…