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Latest headlines from Coindesk.

El Salvador Doubles Down on Bitcoin

The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.

https://www.coindesk.com/consensus-magazine/2024/03/22/el-salvador-doubles-down-on-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight

Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pi...

https://www.coindesk.com/policy/2024/03/22/us-sec-asking-for-more-millions-dozens-of-lawyers-to-beef-up-crypto-oversight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court

Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to e...

https://www.coindesk.com/policy/2024/03/22/do-kwons-extradition-to-south-korea-postponed-by-montenegrin-supreme-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens

SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.

https://www.coindesk.com/business/2024/03/22/floki-developers-plan-regulated-bank-accounts-in-next-value-capture-for-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Momentum continues to build in the company’s ancillary businesses, the report said.

https://www.coindesk.com/business/2024/03/22/coinbase-is-more-than-just-a-crypto-exchange-jmp-securities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Fantom’s FTM Outperforms Market Ahead of Upgrade

The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/03/22/first-mover-americas-fantoms-ftm-outperforms-market-ahead-of-upgrade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services

Decentralized infrastructure network (DePin) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post.

https://www.coindesk.com/business/2024/03/22/aioz-network-partners-with-alibaba-cloud-to-boost-ai-storage-and-streaming-services/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Fantom’s FTM is the Best Performing Non-Meme Token of the Past 30 Days

Fantom's impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency.

https://www.coindesk.com/markets/2024/03/22/fantoms-ftm-is-the-best-performing-non-meme-token-of-the-past-30-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says

The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.

https://www.coindesk.com/markets/2024/03/22/bitcoin-remains-overbought-despite-recent-correction-jpmorgan-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Frax Finance Targets $100B Value Locked in Singularity Roadmap

Frax's singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal.

https://www.coindesk.com/markets/2024/03/22/frax-finance-targets-100b-value-locked-in-singularity-roadmap/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Tests $66K as Analysts Expect More Volatility Before Calm

The market might take a breather this weekend, says Singapore's QCP Capital.

https://www.coindesk.com/markets/2024/03/22/bitcoin-tests-66k-as-analysts-expect-more-volatility-before-calm/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Government's Legal Precedents Don't Support Lengthy Prison Term, Bankman-Fried's Defense Argues

Sam Bankman-Fried's lawyers have pushed back against the U.S. government's sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 y...

https://www.coindesk.com/policy/2024/03/22/us-governments-legal-precedents-dont-support-lengthy-prison-term-bankman-frieds-defense-argues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor

Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.

https://www.coindesk.com/policy/2024/03/21/do-kwons-south-korea-extradition-uncertain-after-challenge-from-top-prosecutor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the 'Pullback Is Over'

Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.

https://www.coindesk.com/markets/2024/03/21/bitcoin-slips-to-65k-amid-stronger-dollar-but-analyst-says-the-pullback-is-over/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Pixels Crypto Game Fuels Resurgent Ronin Blockchain

This year's bull market has seen a resurgence of many crypto narratives from yonder cycles, including crypto gaming. In that sector the Ronin network – whose game Axie Infinity reigned over the last g...

https://www.coindesk.com/business/2024/03/21/pixels-crypto-game-fuels-resurgent-ronin-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)

The reported move, if confirmed, could have serious ramifications for the blockchain’s developers. But success for the troubled regulator is far from certain and unanswered questions abound.

https://www.coindesk.com/consensus-magazine/2024/03/21/what-happens-if-the-sec-classifies-eth-a-security-wrong-answers-only/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Newly Issued Gaming Token Exploited on Blast With $4.6M Drained

A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token's Telegram channel.

https://www.coindesk.com/business/2024/03/21/newly-issued-gaming-token-exploited-on-blast-with-46m-drained/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto for Advisors: Understanding The Ethereum Economy

This article examines the advantages of Ethereum as a protocol economy and how one could gain exposure to this breakthrough technology asset.

https://www.coindesk.com/business/2024/03/21/crypto-for-advisors-understanding-the-ethereum-economy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines