Banks push to block stablecoin legislation over market share fears
">
" alt="Banks push to block stablecoin legislation over market share fears">Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an https://www.americanbanker.com/news/the-genius-act-existential-threat-to-banks-or-opportunity
Ethereum average gas fees drop 95% one year after the Dencun upgrade
">
">The average Ethereum gas fee has dropped by 95% in the year following the Dencun upgrade, one of Ethereum’s most significant network improvements.On March 13, 2024, https://cointelegraph.com/news/dencun-upgrade-live-ethereum-mainnet
">
" alt="Wallet in Telegram to list 50 tokens and launch yield program">Wallet in Telegram, a third-party cryptocurrency wallet Mini App on Telegram, is set to expand its custodial crypto services, adding at least 50 new cryptocurrencies and launching an earn feature for users.The Open Platform (TOP), the largest venture builder in The Open Network (TON) ecosystem, which manages Wallet in Telegram as one of its portfolio businesses, announced the rollout of the next wallet generation on March 13, introducing a wide range of new features.With the rollout, Wallet in Telegram will add at least 50 new crypto assets, including major cryptocurrencies such as Ether (ETH) and XRP (XRP), as well as memecoins like Dogecoin (DOGE) and Pepe (PEPE), a spokesperson for Wallet told Cointelegraph.
Ripple secures Dubai license to offer crypto payments in UAE
">
" alt="Ripple secures Dubai license to offer crypto payments in UAE">Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone with its own tax policies and regulatory framework.The announcement came almost six months after the company announced its receipt of anhttps://cointelegraph.com/news/ripple-in-principle-license-dubai-dfsa-cross-border-payments
Hardware wallet Ledger helps competitor Trezor resolve security vulnerability
">
" alt="Hardware wallet Ledger helps competitor Trezor resolve security vulnerability">Hardware wallet provider Trezor has patched up a security flaw in two of its latest models after competitor firm Ledger’s open-source research arm discovered a vulnerability in their microcontrollers. Ledger Donjon acknowledged Trezor has made several security advancements of late but found cryptographic operations could still be performed on the microcontroller of Trezor’s Safe 3 and 5 models, which could make them “vulnerable to more advanced attacks.”Fortunately, Trezor has since addressed the vulnerabilities found, Ledger’s chief technology officer Charles Guillemet https://x.com/P3b7_/status/1899863761856426434
Cboe BZX files Solana ETF application on behalf of Franklin Templeton
">
" alt="Cboe BZX files Solana ETF application on behalf of Franklin Templeton">The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (https://cointelegraph.com/solana-price-index
Luxury fashion giant LVMH sued over NFT patent tech for watches
">
" alt="Luxury fashion giant LVMH sued over NFT patent tech for watches">A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement.In a March 10 complaint filed to a Texas federal court, Watch Skins Corporation alleged that LVMH misappropriated its “pioneering NFT display technology.”Watch Skins claimed it developed a unique system that allows users to display verified https://cointelegraph.com/learn/articles/what-are-nfts-and-why-are-they-revolutionizing-the-art-world
Bitcoin jumps 7% despite metrics flashing ‘bearish territory’
">
">Bitcoin has clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off.“All Bitcoin valuation metrics indicate that we are in bearish territory,” onchain analytics platform CryptoQuant said in a March 11 markets report viewed by Cointelegraph. Demand falling at “fastest pace” since JulyCryptoQuant said its Bitcoin Bull-Bear Market Cycle Indicator is at its “most bearish level’ of this cycle, and Bitcoin’s MVRV Ratio Z-score — a key metric to assess whether Bitcoin (https://cointelegraph.com/bitcoin-price
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Web3 devs, gamers, investors thrive despite India’s crypto policy hurdles
">
">India’s contribution to the global Web3 ecosystem — primarily in software development, gaming, investments and startup funding — increased year-on-year despite an absence of locally tailored crypto regulations.India’s share of global Web3 developers grew from 5% to 12% in the last 10 years, second only to the United States as of 2024, according to the India Web3 Landscape Report 2024 by Hashed Emergent, shared with Cointelegraph.
Pomp: Trump deliberately crashed markets to get interest rates down
">
">The Trump administration may be intentionally creating uncertainty in the stock markets to corner Federal Reserve chair Jerome Powell into lowering interest rates, according to a market commentator. Doing so increases the likelihood that the US won’t need to refinance around $7 trillion in debt it owes over the next few months, Bitcoin commentator Anthony Pompliano https://x.com/APompliano/status/1899154245783359849
Investors flee from risk assets as JPMorgan ups recession odds to 40%
">
">Crypto and tech stocks saw large selloffs on March 10 as fears of a US recession heightened despite efforts from the White House to temper concerns. Economists at Wall Street investment bank https://cointelegraph.com/news/institutional-traders-no-plans-trade-crypto-despite-trump-promises-jpm
Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded
">
">The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet. Amid fears of Bitcoin (https://cointelegraph.com/bitcoin-price
Why is the crypto market down today?
">
">The cryptocurrency market erased all gains from President Trump’s US Crypto Strategic Reserve announcement, plunging by over 14.7% in seven days to reach $2.7 trillion on March 10.
If selling pressure persists, the 100–week SMA at $2 trillion could become the next downside target.Holding the 50-week SMA as support may strengthen the ongoing rebound toward the pattern’s lower trendline, aligning with the $3.1 trillion level.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin
">
">Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, is looking to raise up to $21 billion in fresh capital to purchase more BTC.On March 10, Strategy officially https://www.strategy.com/press/strategy-announces-21-billio
US dollar plunge powers Bitcoin bull case, but other metrics concern: Analyst
">Real Vision analyst Jamie Coutts says Bitcoin is playing a “high-stakes game of chicken” with central banks, giving it a cautious outlook.
Robinhood to pay $30M to settle US regulator probes
">Robinhood agreed to pay $29.75 million in fines and restitution for failing to respond to several “red flags” stemming from its supervision and compliance practices.
Weekend Wrap: Brazil blockchain goes postal, Gemini, Kraken IPO plans and more
">Brazil’s state-owned postal service mulls blockchain, crypto exchanges Gemini and Kraken are reportedly moving toward an IPO, and El Salvador reopens a veterinarian hospital funded through Bitcoin profits.
Bitcoin reserve backlash signals unrealistic industry expectations
">“Not that long ago, even the idea of BTC Reserve held and supported by a federal government was a revolutionary idea,” a blockchain regulatory expert told Cointelegraph.
Michael Saylor pushes US gov’t to purchase up to 25% of Bitcoin supply
">Strategy founder Michael Saylor believes the US government should aim to hold 25% of Bitcoin’s supply by 2035, when 99% of all BTC will have been issued.
David Sacks pushes back against idea of crypto transaction tax
">The Trump administration is currently exploring proposals for major tax, cryptocurrency, and administrative reform in the United States.
