Author: James Wilson

Tether has witnessed a significant surge in on-chain activity in recent weeks, which could signal potential buying pressure following the latest crypto dip. Market intelligence platform Santiment says on-chain data related to Tether (USDT) points in this direction. In particular, analysts at the on-chain and social metrics monitoring platform believe a spike in USDT volume indicates a shift in trader dynamics as they look to pounce on the available opportunity. In the market, major price drops often see traders retreat to top stablecoins, using the loaded-up buying power to flock into Bitcoin (BTC) and other top coins when the opportunity…

Bitcoin, Ethereum, and XRP face carnage in response to Trump’s policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday.  Bitcoin’s correlation (BTC) with the S&P 500 is 0.75 in the 30-day timeframe, signaling to traders that the top crypto is behaving like U.S. equities. Trumpism, or what U.S. President Donald Trump believes in a particular moment on a particular day about a subject that has ushered a steep correction in crypto within the first fifty days of his administration.  Why is crypto losing while Trumpism wins? U.S. stocks are facing a slump, the…

OKX says it’s set to expand its institutional offering in Europe after it secured the Markets in Financial Instruments Directive license. The crypto exchange’s Europe arm gets the license following the acquisition of a Malta-licensed firm that has the Markets in Financial Instruments Directive II license. The entity, per the announcement, will launch its operations later in the year after relevant nods from the Malta Financial Services Authority. While OKX did not disclose the acquired entity, it revealed the milestone for the MiFID II license at an exclusive event in Malta. Regulatory approval for the company’s newly acquired entity will…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI, dubbed the next XRP, is rapidly gaining traction and could challenge Solana and Cardano with its unique technology. An altcoin nicknamed the next XRP is gaining attention and is poised to challenge Solana (SOL) and Cardano (ADA). Lightchain AI, having already raised over $17.1 million at a presale price of $0.006, is quickly becoming a standout in the crypto space with its unique blend of AI and blockchain technology. What makes the ‘next XRP’ stand out Lightchain…

Inflation cooled more than expected in February, offering hope that the Federal Reserve may be closer to cutting interest rates. However, the crypto market remained largely unresponsive despite the positive economic signal. Wednesday’s Consumer Price Index report showed that inflation eased to 2.8% over the past 12 months, down from 3% in January and slightly beating the 2.9% forecasted by economists. Perhaps surprisingly, crypto prices were unresponsive. Bitcoin (BTC) was trading at $82,770.45 late Wednesday afternoon, roughly flat over the past 24 hours. The total crypto market was valued at $2.68 trillion, down 0.25% over the past day. Dr. Yang:…

Indian police have arrested Aleksej Besciokov, co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the U.S. and the European Union for facilitating money laundering.  Besciokov, a Lithuanian national, was detained in Varkala, Kerala, under India’s extradition law, according to state police officials, TechCrunch and Brian Krebs reported.  The arrest occurred at 4 p.m. local time on Tuesday following an arrest warrant issued by the Patiala House Court in New Delhi.  Besciokov is expected to be transferred to the court on March 14. Indian authorities have not disclosed whether the arrest was directly linked to his indictment in the U.S.,…

Etherlink has deployed its third protocol upgrade, Calypso, on mainnet to bring a massive performance boost to the Tezos layer 2 network. The Ethereum Virtual Machine-compatible layer 2 solution built on Tezos (XTZ) announced the Calypso upgrade was live on the mainnet on March 12, coming a few weeks after the EVM-compatible L2 deployed on testnet. The road to mainnet included a governance vote by Tezos bakers, key ecosystem components that work alongside Tezos nodes.  Following approval for the mainnet launch, Calypso has successfully deployed to bring improvements such as enhanced network speed, resilience, and efficiency to developers of decentralized…

Binance has received a $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in Binance’s history.  The investment was conducted entirely in unnamed stablecoins, which grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors.  MGX, known for its focus on AI and advanced technology, said the investment aligns with its strategy to support blockchain innovation and finance. “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” said Ahmed Yahia, Managing Director and CEO of MGX. “As institutional adoption accelerates, the need for…

The Bank of Russia has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under a three-year experimental legal regime. The initiative, following directives from the Russian president, would permit a restricted group of investors to buy and sell digital currencies. Under the proposal, only “particularly qualified” investors — those with investments exceeding 100 million rubles in securities and deposits or an annual income above 50 million rubles — would be eligible.  Additionally, corporate-qualified investors and financial organizations meeting regulatory standards could participate. The central bank will introduce specific risk-based requirements for financial institutions investing in…

Despite the recent volatility in crypto markets, the long-term potential of digital assets remains strong. Brett Reeves, Head of Go Network and European Sales at BitGo, who manages institutional digital asset infrastructure at the company, expressed this sentiment in a note to crypto.news. He reflected on the current market downturn while highlighting ongoing advancements in technology and regulation. “Market volatility in recent weeks has revived the voices of crypto doubters who feel vindicated by recent declines in asset prices,” said Reeves. “But for those innovators and believers in the technology and asset class, there’s much more to just falling prices.”…