Latest news from the Web3 ecosystem
Bitcoin faced resistance below $70,000 throughout the month, as global economic indicators showed falling inflation in Japan and evolving cryptocurrency tax policies in several nations.
Higher-than-expected US Producer Price Index (PPI) data has led to a significant downturn for Bitcoin, while precious metals experienced a surge.
The CoinDesk 20 Index experienced a downturn, primarily driven by notable decreases in Solana (SOL) and Ethereum (ETH) prices.
A new initiative called PYUSDx, a collaboration between PayPal, MoonPay, and M0, empowers application developers to create their own branded stablecoins backed by PayPal's PYUSD.
South Korea's National Tax Service mistakenly disclosed a wallet seed phrase in a public announcement, leading to the rapid loss of $4.8 million in seized cryptocurrency.
The UK Gambling Commission is exploring the possibility of permitting cryptocurrency payments for online betting, with stringent consumer protection measures in focus. This potential shift could reshape how digital assets interact with the iGaming sector.
Prominent firms Pantera and Franklin Templeton are participating in Sentient's new Arena platform, designed to rigorously test artificial intelligence agents in real-world enterprise scenarios.
Bitcoin's price chart is displaying patterns reminiscent of previous historical cycles, suggesting that the cryptocurrency's downturn may not yet have reached its nadir. Analysts are closely monitoring these formations for signs of further price depreciation.
A New York judge has denied Binance's request to move certain US investor claims against the crypto exchange to private arbitration, allowing these disputes to proceed in public court.
Major cryptocurrencies like Bitcoin, Ether, and Solana have experienced a downturn. Meanwhile, Decred and AI-linked tokens are seeing upward momentum as traders adjust their positions.
Bitcoin faces potential continued headwinds in March, as historical trends and current price resistance levels suggest a prolonged downtrend may persist.
Marathon Digital and CleanSpark saw significant pre-market gains following Q4 earnings, contrasting with CoreWeave's dip amidst mixed sector performance.