David Sacks and his venture capital firm offloaded over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, according to a White House memorandum. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 … Read more
Global investment manager VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) seeking to offer investors direct exposure to the smart contract platform. A snippet of the S-1 filing was shared on social media on March 14 by Bloomberg analyst James Seyffart, who has been closely … Read more
The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested Hyperliquid’s limits on March 12 has entered another multimillion-dollar position, this time in Chainlink (LINK), onchain data shows. On March 14, the anonymous whale, referred to on X as “ETH 50x Big Guy,” took out long positions in LINK worth approximately $31 million with 10 times … Read more
A previously unknown type of cryptojacking malware called MassJacker is targeting piracy users and hijacking crypto transactions by replacing stored addresses, according to a March 10 report from CyberArk. The cryptojacking malware originates from the website pesktop[dot]com, where users seeking to download pirated software may unknowingly infect their devices with the MassJacker malware. After the … Read more
The odds of a recession are rising, markets are crashing and President Donald Trump is forging ahead with tariffs. This volatile playbook is eerily similar to Trump’s first term, which started with a bang before giving way to one of the biggest bull markets in recent history. However, this time, Trump seems to have dropped … Read more
XRP’s fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko. The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger’s decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana. As of … Read more
Thomas John Sfraga, also known as “TJ Stone,” received 45 months in prison for wire fraud and was ordered to pay more than $1.3 million in forfeiture as part of a scheme targeting crypto investors. In a March 14 notice, the US Justice Department said Sfraga was sentenced in the US District Court for the … Read more
Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a … Read more
Bitcoin (BTC) circled $83,000 at the March 14 Wall Street open as traders set out requirements to flip bullish. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price RSI teases key “bullish divergence” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 5% on the day before consolidating. A characteristic lack of momentum at … Read more
The decentralized finance (DeFi) industry is breathing a sigh of relief as Congress relaxes reporting obligations, but questions remain about how lawmakers will regulate DeFi. On March 12, the House of Representatives voted to nullify a rule that required DeFi protocols to report gross proceeds from crypto sales, as well as info on taxpayers involved, … Read more