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Cryptocurrency News
Cryptonews
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Ripple Drops Cross-Appeal in SEC Showdown: Can XRP Price Benefit?
- Ripple has ended its 4+ year legal battle with the SEC, with both sides dropping their appeals, but final court and SEC approval are pending.
- Under the settlement, the SEC retains $50M of the $125M fine in escrow, with no admission of wrongdoing from Ripple.
- Ripple's closure comes amid easing crypto oversight, though XRP's price remains largely unchanged.
- XRP is currently trading at $2.44, showing little impact from the settlement news.
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The Fintech Times
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ADGM and Chainlink Sign MoU to Improve Utility of Tokenised Assets While Remaining Compliant
- ADGM and Chainlink have signed an MoU to advance compliant tokenisation frameworks.
- The collaboration aims to leverage Chainlink's expertise to maximize the utility of tokenised assets.
- ADGM and Chainlink will foster dialogue on regulatory matters and educate the UAE ecosystem on blockchain and AI.
- This alliance strengthens ADGM's position as a global hub for technology-driven innovation.
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Bitcoinist
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Over 5,100 Bitcoin Transferred To Exchanges – Potential Market Impact Ahead
- Bitcoin is showing signs of recovery after weeks of selling pressure and investor anxiety.
- Over 5,100 BTC were transferred to exchanges, potentially signaling increased sell-side pressure.
- Bitcoin must reclaim $90K to confirm a full-scale recovery rally.
- The $88K-$90K zone is a significant resistance level that needs to be overcome for a bullish push.
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Cryptonews
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BlackRock’s Crypto Fund BUIDL Reaches $1.7B, Welcomes Solana to its Growing Portfolio
- BlackRock's USD Institutional Digital Fund (BUIDL) will expand to Solana.
- BUIDL has reached $1.7B in cash and treasury bill holdings and is projected to reach $2B in early April.
- The expansion into Solana signifies growing interest in blockchain technology by large traditional finance entities.
- BUIDL now offers investors the option to 'park' their funds in seven different blockchains, including Solana.
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Cryptonews
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Trump-Tied Firm Launches USD1 Stablecoin, Raises Questions About Intentions
- World Liberty Financial (WLF), closely associated with Donald Trump, has introduced USD1, a new stablecoin pegged to the US Dollar.
- The stablecoin will initially launch on Ethereum and Binance Smart Chain, with each token maintaining a $1 value through a third-party audited reserve portfolio.
- BitGo will manage the coin’s custody, leveraging their experience with projects like Wrapped Bitcoin (WBTC) in collaboration with Justin Sun and BiT Global.
- The launch has raised questions about potential insider knowledge, with Binance founder Changpeng Zhao previously highlighting a similarly named contract, and the project’s governance forums showing no prior discussion or activity.
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TronWeekly
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Abracadabra.Money Hit by $13 Million Exploit Amid GMX Integration Breach
- $13 million in Ethereum stolen from Abracadabra.Money’s GMX-integrated pools.
- GMX’s core contracts remain secure, limiting the exploit to Abracadabra’s cauldrons.
- Stolen funds moved from Arbitrum to Ethereum, dispersed across three addresses.
- The breach affected Abracadabra.Money's smart contracts, but not GMX's core contracts.
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Coin Telegraph
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Crypto influencer Ben ‘BitBoy’ Armstrong arrested in Florida
- Crypto influencer Ben Armstrong, also known as “BitBoy,” has been arrested in Florida after disclosing on social media just days ago that a warrant was out for his arrest.
- Armstrong was previously arrested in September 2023 while livestreaming outside the house of a former business associate whom he alleged had possession of his Lamborghini.
- Armstrong has faced other legal woes as well, including being named in a class-action lawsuit in March 2023 for promoting Binance and settling the case in August 2024 by paying a combined $340,000.
- In addition, Armstrong had a fight with a pseudonymous memecoin developer in Mexico in February 2024 and was declared the victor by unanimous decision.
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Coinpedia
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Ripple vs. SEC Lawsuit Update: Final Timeline Revealed – Case Set to End in 60 Days!
- The SEC and Ripple have reached a final stage in their legal battle.
- The SEC will keep $50 million of the $125 million fine, with the remaining balance returned to Ripple.
- The SEC will request the court to lift the imposed injunction on Ripple.
- The case is expected to be fully resolved within 60 days, bringing clarity to the legal status of XRP.
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Coinpedia
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Ripple’s $50M SEC Settlement Confirmed, But Where Are the Final Legal Papers?
- The legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is officially over.
- As part of the settlement, Ripple will pay a $50 million fine and drop its cross-appeal.
- The court will lift the injunction placed on Ripple, allowing them to operate freely.
- The remaining paperwork and court steps are expected to be finalized smoothly within 60 days.
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TronWeekly
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Bitcoin Price Prediction: BTC Could Soar to $109K After Crucial Breakout
- Bitcoin has surged nearly 8% in the past week, reclaiming key levels and reinforcing its bullish momentum.
- A crucial resistance level at $89,000 could determine the next breakout, with potential targets reaching $109,000.
- Market analysts suggest BTC may retest $80,000 before confirming a breakout from the falling wedge pattern.
- BTC's price action in the next few days could determine the trajectory for the remainder of the quarter.
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Cryptonews
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SEC Drops Case Against Australian Web3 Company Immutable
- The SEC has dropped its case against Australian Web3 gaming company Immutable after issuing a Wells Notice in October 2024.
- This decision is part of a trend of dismissing crypto investigations following the change in administration, including cases against Ripple, Kraken, Coinbase, and others.
- Co-founder Robbie Ferguson views this as a significant victory, enabling accelerated growth and bringing more global gamers into web3 platforms.
- Immutable operates a layer 2 platform for building web3 games and is recognized as the fastest-growing web3 gaming ecosystem in 2024.
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TronWeekly
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Top Meme Coins to Buy Now: 8 Picks That Combine Viral Appeal with Market Potential
- Meme coins are gaining prominence in the crypto world, offering viral appeal and potential market gains.
- Notable meme coins include Arctic Pablo Coin, Neiro, Notcoin, Book of Meme, Turbo, Cat in a Dog’s World, Ponke, and Baby Doge Coin.
- Arctic Pablo Coin stands out with its unique presale model, offering a location-based journey with increasing prices at each stop.
- Neiro combines artificial intelligence with meme culture, providing insights, staking rewards, and community-driven campaigns.
- Notcoin transitioned from a Telegram game to a full-fledged crypto project, emphasizing simplicity and scalability.
- Book of Meme blends humor with serious token mechanics, including burns and liquidity locks, establishing itself in the meme coin arena.
- Turbo focuses on speedy development, DAO governance, and NFT utility layers, creating a dynamic community-driven environment.
- Cat in a Dog’s World challenges the norm with its branding, tokenomics, and grassroots movement in a market dominated by dog-themed coins.
- Ponke on Solana showcases a community-first model with fast transactions and meme-driven marketing, gaining traction in the crypto space.
- Baby Doge Coin, a successor to Dogecoin, maintains a loyal following with deflationary mechanics and real-world applications.
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Cryptonews
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Berkshire Hathaway Backed Nubank Expands Crypto Offerings to Include Cardano, Near Protocol, Cosmos and Algorand
- Neobank and FinTech solution Nubank, backed by Berkshire Hathaway, is expanding its crypto offerings.
- The new cryptocurrencies added to Nubank's platform include Cardano, Near Protocol, Cosmos, and Algorand.
- Nubank, with over 90 million users and as the largest neobank in South America, aims to broaden crypto adoption worldwide.
- Latin America has shown strong crypto adoption, with Brazil, Argentina, and Mexico leading the way in the region.
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Cryptonews
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Image Credit: Cryptonews
GameStop Adopts Bitcoin as Treasury Reserve, Shares Surge on Cryptocurrency Strategy
- GameStop has updated its investment policy to include Bitcoin as a treasury reserve, with no cap on accumulation and the ability to sell as needed.
- The board unanimously approved this change on March 18, as disclosed in the company's 2024 SEC annual report.
- GameStop's investment policy now allows for investment in certain cryptocurrencies, including Bitcoin, with no set maximum limit on accumulation.
- The announcement led to a surge in GameStop shares, with a 8.7% increase in the daily timeframe.
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Medium
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How I Earned $15 Daily with Minimal Effort
- The HAHM App offers a simple and effective way to earn daily income with minimal effort.
- With an initial investment of $500, users can earn around $15 per day.
- The tasks on the app are easy to complete and don't require technical expertise.
- The app features a cumulative interest model that allows earnings to compound over time.
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