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Latest headlines from Coindesk.

Beware of Bitcoin's 'Rising Wedge,' Chart Analyst Says

"Normally rising wedges resolve bearish," crypto analyst and trader Josh Olszewicz told CoinDesk.

https://www.coindesk.com/markets/2024/03/14/beware-of-bitcoins-rising-wedge-chart-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry

An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday.

https://www.coindesk.com/policy/2024/03/14/australian-court-dismisses-lawsuit-by-market-regulator-against-finder-in-landmark-ruling-for-crypto-industry/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Detained Binance Executives to Remain in Nigerian Custody Until Hearing: WSJ

The two men were arrested on Feb. 26 after arriving in Abuja to meet with Nigerian leaders who accused the crypto exchange of crashing the country’s currency, the naira.

https://www.coindesk.com/policy/2024/03/13/detained-binance-executives-to-remain-in-nigerian-custody-until-hearing-wsj/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Could Drop to $58K as Cool-Off Period Is Imminent, Swissblock Says

Bitcoin nearly doubled in price since late January, but a "counter move seems to be near," Swissblock analysts said.

https://www.coindesk.com/markets/2024/03/13/bitcoin-could-drop-to-58k-as-cool-off-period-is-imminent-swissblock-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin

The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.

https://www.coindesk.com/business/2024/03/13/michael-saylors-microstrategy-raising-another-500m-to-buy-more-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud.

https://www.coindesk.com/policy/2024/03/13/us-attorneys-office-files-civil-forfeiture-action-to-return-23m-in-crypto-tied-to-37-scam-victims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising for Las Vegas Sphere Showing

The meme coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signa...

https://www.coindesk.com/markets/2024/03/13/dogwifhat-becomes-4th-largest-meme-coin-as-community-completes-fundraising-for-las-vegas-sphere-showing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?

Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path.

https://www.coindesk.com/tech/2024/03/13/the-protocol-is-ethereums-dencun-update-all-its-cracked-up-to-be/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defenda...

https://www.coindesk.com/policy/2024/03/13/judge-rules-against-gemini-genesis-motion-to-dismiss-sec-case-against-earn-product/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Nixes Page Promoting 'Elizabeth Whoren' Meme Coin

Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is runni...

https://www.coindesk.com/business/2024/03/13/coinbase-nixes-page-promoting-elizabeth-whoren-meme-coin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities

Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said.

https://www.coindesk.com/business/2024/03/13/spot-bitcoin-etfs-could-see-220b-of-inflows-in-next-3-years-jmp-securities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Why Prime Brokers Could Be a Source of Crypto Contagion

Prime brokers are a new source of liquidity in this cycle, which could be good and bad in the long-run, says Phillip Moran, CEO of the Digital Opportunities Group.

https://www.coindesk.com/markets/2024/03/13/why-prime-brokers-could-be-a-source-of-crypto-contagion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Why Diversification Matters for Crypto, Too

The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why.

https://www.coindesk.com/business/2024/03/13/why-diversification-matters-for-crypto-too/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Craig Wright's Counsel Hits Back at COPA's Fraud Allegations in Closing Argument

Anthony Grabiner, Wright's attorney, hit back at COPA's argument that private signing sessions Wright hosted to prove he was the Bitcoin founder had been subverted, saying that no proof had been prese...

https://www.coindesk.com/policy/2024/03/13/craig-wrights-counsel-hits-back-at-copas-fraud-allegations-in-closing-argument/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?

While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire.

https://www.coindesk.com/tech/2024/03/13/debating-dencun-will-ethereums-big-update-help-or-harm-the-network/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

El Salvador Axes Income Tax for Investments From Abroad

The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas.

https://www.coindesk.com/policy/2024/03/13/el-salvador-axes-income-tax-for-investments-from-abroad/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked

Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.

https://www.coindesk.com/tech/2024/03/13/ethereum-staking-protocol-swell-unveils-layer-2-rollup-with-1b-total-value-locked/?utm_medium=referral&utm_source=rss&utm_campaign=headlines