Cryptoslate

Wyoming to recognize DAOs as legal entities under newly passed law

Wyoming has passed a law recognizing blockchain-based decentralized autonomous organizations (DAOs) as legal entities. The bill — titled the Decentralized Unincorporated Nonprofit Association Act (DUNA) — was signed by the state’s Governor on March 7 and will be effective starting July 1. The full text of the bill does not explicitly name DAOs. Instead, it […]
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Cryptocurrency

Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2

Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts of which were shared on social media. Influx of institutional interest Hougan wrote that Bitwise, and […]
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Cryptocurrency

Worldcoin files lawsuit to appeal Spain’s ban

Worldcoin developer Tools for Humanity has filed a lawsuit to appeal Spain’s recent ban on its data collection and usage within the country for three months. Worldcoin said in a March 6 blog post that Spain’s regulators circumvented the regular process around EU GDPR rules by issuing their order, leaving it no choice but to […]
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Cryptocurrency

FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY

The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and the use of digital assets in cybercrime. The 2023 IC3 report serves as a comprehensive overview of the current state of internet crime, including the challenges and risks posed by the use of crypto in […]
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Cryptocurrency

Bitcoin sees violent volatility after hitting new ATH second time in a week

Bitcoin hit a new all-time high for the second time this week and once again experienced a violent sell-off that erased its gains and stirred memories of past volatilities in the crypto space. Bitcoin broke its previous record early in the US trading hours on March 8, climbing to an all-time high of $70,136 after […]
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Cryptocurrency

BlackRock’s spot Bitcoin ETF surpasses $10B in AUM, faster than any other to date

BlackRock’s iShares Bitcoin Trust (IBIT) now has more than $10 billion in assets under management (AUM), according to data from CoinGlass. Bloomberg ETF analyst Eric Balchunas noted that IBIT is one of just 152 exchange-traded funds (ETFs) that have reached the $10 billion mark. Currently, roughly 3,400 ETFs exist in total. He observed that IBIT […]
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Cryptocurrency

Anthropic releases next generation of Claude, claims it is ‘superior’ to GPT-4

Anthropic is launching its latest generative AI (GenAI) technology, Claude 3, with the claim that it is superior to OpenAI’s Chat GPT-4, according to a March 4 press release. The new suite of models, comprising Claude 3 Haiku, Claude 3 Sonnet, and the most advanced, Claude 3 Opus, is positioned to rival OpenAI’s GPT-4 in […]
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Cryptocurrency

India mandates tech firms to seek regulatory approval before launching AI tools

The Indian government has announced a new requirement for technology companies to secure government approval before publicly releasing artificial intelligence (AI) tools that are still in development or considered “unreliable,” Reuters reported March 4. The move is part of India’s efforts to manage the deployment of AI technologies, aiming to promote accuracy and reliability in […]
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Cryptocurrency

TRON DAO at ETH Denver and Host of TRON Builder Tour Denver Stop

Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space. In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event unfolded, drawing enthusiasts into the dynamic world of the TRON ecosystem with an event packed with insights, networking, and more. At […]
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Cryptocurrency

Crypto investment products near all-time high with $1.84 billion weekly net inflow

Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges. James […]
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Cryptocurrency

How stablecoins have fueled the recent rise in Bitcoin’s value

Quick Take The Stablecoin Supply Ratio (SSR) created by Glassnode has emerged as a significant factor in analyzing Bitcoin price action. The SSR, a ratio between Bitcoin supply and the supply of stablecoins expressed in BTC, serves as a proxy for the supply/demand dynamics between Bitcoin and USD. This ratio reveals that when it’s low, […]
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Cryptocurrency

Worldcoin userbase nears 4 million amid global privacy probes

Worldcoin’s adoption continues to grow despite the growing privacy concerns from several jurisdictions. According to its website, registered users on its platform have reached almost 4 million in less than a year after its launch, registering more than 600,000 accounts within the past week. Worldcoin, a crypto project co-founded by Sam Altman, is a blockchain-based initiative […]
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Cryptocurrency

Record-breaking Bitcoin price surge on horizon as OTC desks dry up, predicts 10X Research

Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop […]
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Cryptocurrency

Bitcoin ETPs surpass 1 million BTC, amid gold and bond ETF outflows

Quick Take Recent data from ByteTree highlights Bitcoin held in global Exchange Traded Products (ETPs) had crossed the one million Bitcoin mark, setting a new record. In the past 90 days, these ETPs have experienced a significant inflow of 133,000 BTC, largely attributed to the success of US spot Bitcoin ETFs. Interestingly, this surge in […]
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Cryptocurrency

GBTC AUM sees modest $1.6 billion drop post-ETF launch, despite major outflows

Quick Take Data from BitMEX shows March began with the first total outflow since Feb. 21. The day saw an outflow of $140 million, significantly impacted by a massive $492 million outflow from the Grayscale Bitcoin Trust (GBTC), marking one of the largest single-day outflows. According to BitMEX data, the Grayscale Bitcoin Trust (GBTC) has […]
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Cryptocurrency

Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of […]
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Cryptocurrency

Binance CEO Richard Teng asked to appear before Nigerian committee

Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to […]
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Cryptocurrency

Consensys CEO believes decentralization will lead to a ‘generational paradigm shift’

Consensys CEO and Ethereum co-founder Joseph Lubin said the world is on the cusp of a generational paradigm shift fueled by decentralization as the current monetary system of the world is failing. He made the statements during a fireside talk at ETHDenver, where he discussed his thoughts on what could drive the next supercycle in […]
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Cryptocurrency

Biden administration’s notorious Bitcoin mining survey halted after legal backlash

The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council. According to the March 1 court filing, the EIA must destroy any survey information it has already received and information yet […]
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Cryptocurrency

Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs

Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their recent […]
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Cryptocurrency

Crypto losses hit $67 million in February, pushing yearly losses to $200 million – Immunefi

Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud. Despite the significant losses during the month, there was a notable decrease compared to January […]
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Cryptocurrency

StanChart exec predicts $200K Bitcoin by 2025-end as demand continues to outpace supply

Standard Chartered head of crypto research Geoffrey Kendrick predicts Bitcoin will continue to rally over the coming 24 months to culminate in a $200,000 price per coin by the end of 2025. Kendrick made the statement during a CNBC interview on Feb. 29. He said that macro and fundamental indicators all point to a sustained rally […]
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Cryptocurrency

Texas Blockchain Council challenges controversial Bitcoin mining energy survey

In the recent SlateCast episode, Texas Blockchain Council Chairman President Lee Bratcher discussed the controversial emergency survey recently issued by the Energy Information Administration (EIA) regarding Bitcoin mining energy usage. As Bratcher explained: “[The EIA] created this farce of an emergency and rushed it through without the notice and comment period.” He elaborated that the […]
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Cryptocurrency

Hungary issues draft law allowing banks to offer crypto services

Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law. The initiative marks a significant development in Hungary’s financial sector, aligning with a broader European movement towards the adoption of digital assets. Should […]
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Cryptocurrency

Bitcoin reclaims $54k two years after painful crash at the start of winter

Bitcoin (BTC) surged 6% on Feb. 26 to a new two-year high of $54,910 after US markets began trading, an indication of rising interest in the flagship crypto from retail and institutional investors. Bitcoin was trading at roughly $54,650 as of press time, up 5.6% on a daily basis, with a market cap of $1.07 […]
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Cryptocurrency

Polygon spinoff Avail raises $27 million in seed funding to build Web3 infrastructure

Avail, a blockchain infrastructure project, raised $27 million in its seed funding round led by notable venture capital firms Founders Fund and Dragonfly, according to a Feb. 26 statement shared with CryptoSlate. The raised capital will fuel the development of Avail’s three fundamental products: Data Availability (DA), Nexus, and Fusion. These components, forming what it […]
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Cryptocurrency

Ted Cruz spearheading anti-CBDC bill over financial privacy, government overreach concerns

A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presidential campaign discussions. The legislative effort reflects broader concerns over privacy and the role of […]
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Cryptocurrency

Saturn secures $800k for Bitcoin-based decentralized exchange development

Saturn, a peer-to-peer order book built on the Bitcoin network, secured $800,000 for its seed funding round led by Sora Ventures, according to a Feb. 26 statement shared with CryptoSlate. With this capital, Saturn intends to expedite its vision for Bitcoin-based fungibility. The funds will fuel further advancements in its technical infrastructure, team expansion, and […]
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Cryptocurrency

MSTR rallies 10% as MicroStrategy buys $155 million Bitcoin in 10 days

MicroStrategy bolstered its Bitcoin reserves by purchasing 3,000 BTC for approximately $155 million within ten days. This purchase takes the business intelligence and Bitcoin development firm’s total holding to 193,000 BTC, acquired for around $6.09 billion at an average price of $31,544 per BTC. According to Nasdaq data, the news has positively impacted the early […]
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Cryptocurrency