Category: crypto

Solomon calls for clear US rules for crypto as momentum for the CLARITY Act grows. He believes that cryptocurrency must operate within a regulated framework and rejects the idea of a rule-free environment. Senator Moreno aims for an April passage of the bill, while Ripple’s Garlinghouse predicts an 80% chance of it becoming law.

Senator Elizabeth Warren warned the Federal Reserve and Treasury Department against using taxpayer funds to bail out cryptocurrency investors amid market volatility. She raised concerns about potential benefits to wealthy individuals and a crypto venture linked to former President Trump. Warren called for clarity on government authority to support crypto assets and highlighted potential ethical…

Russia’s central bank proposes penalties for cryptocurrency transactions outside regulated framework to combat rising fraud complaints. Over 1,800 Russians faced bank account freezes due to suspicious crypto inflows. Officials advocate for legalization of cross-border crypto payments and are working on broader licensing regulations. New legislation may be approved by summer.

Santiment reported that 50.18% of ETH supply is in staking, but CoinShares disputes this, saying active staking is closer to 30.8%. The disagreement arises from Santiment counting all deposits, while CoinShares considers only active staking. This raises questions about the accuracy of Ethereum staking data.

The United Arab Emirates has accumulated around $700 million worth of Bitcoin through state-linked mining operations, with government-controlled wallets holding approximately 6,300 BTC. The holdings come from industrial-scale mining by Citadel Mining, making the UAE one of the largest sovereign Bitcoin holders globally.

Binance Junior now offers gifting, payments, and educational tools for kids and teens under parental supervision. The platform aims to promote financial literacy and savings habits in a family-friendly setting. New features include Red Packet gifting, Merchant Pay, and an educational eBook. Binance emphasizes the importance of early financial education for children.

Coin Center is advocating for the advancement of legislation that would protect cryptocurrency developers from prosecution if they do not control user funds. Recent convictions of developers for unlicensed money transmission have raised concerns about liability. The organization warns that weakening the legislation could discourage blockchain innovation in the United States.

ETHZilla Corp (ETHZ) shares dropped 5.13% in pre-market trading after billionaire Peter Thiel and Founders Fund liquidated their 7.5% stake. Once a biotech firm, ETHZ shifted to a corporate Ethereum treasury model, leading to a 97% stock decline. The company is now pivoting to tokenizing assets like jet engines and home loans to stabilize amid…

Russian regulators are tightening controls on Telegram, with thousands of channels blocked and potential full blocking on April 1. Despite this, the messaging platform is taking steps to comply with Russian requirements to continue operating in the country. Russian users are turning to VPNs and alternative apps like imo for messaging.

Altcoins are experiencing a five-year extreme of selling pressure, with a cumulative net sell of $209 billion over 13 months. This trend indicates fading retail demand and lack of institutional buying, contrasting with Bitcoin’s performance. Market reversals historically require sustained buying to replace selling.