Category: CoinDesk
Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday. Source: https://www.coindesk.com/business/2024/03/12/rapper-drake-posts-michael-saylors-bitcoin-video-to-his-146m-instagram-followers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The laws are to ensure sanctions rules are applied uniformly across the EU’s 27 member states. Source: https://www.coindesk.com/policy/2024/03/12/eu-parliament-approves-new-sanctions-laws-that-also-apply-to-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed’s willingness to begin cutting rates. Source: https://www.coindesk.com/business/2024/03/12/us-cpi-unexpectedly-rises-to-32-in-february-core-rate-rises-to-38/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The regulator invited applicants with a “genuine interest in developing a stablecoin issuance business” to join the sandbox. Source: https://www.coindesk.com/policy/2024/03/12/hong-kongs-central-bank-starts-regulatory-sandbox-for-stablecoin-issuers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high. Source: https://www.coindesk.com/markets/2024/03/12/ether-put-demand-signals-weakness-after-4k-price-breakout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues. Source: https://www.coindesk.com/business/2024/03/12/el-salvador-is-sitting-on-84m-profit-from-its-bitcoin-holdings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Earlier this year, the regulator had denied permission to trade bitcoin ETFs. Source: https://www.coindesk.com/policy/2024/03/12/thailands-sec-greenlights-investment-from-institutional-and-wealthy-individuals-in-crypto-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That’s significantly lower than the 2020-21 bull run. Source: https://www.coindesk.com/markets/2024/03/12/this-bitcoin-bull-run-is-breeding-millionaire-whales-at-slower-pace-data-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Source: https://www.coindesk.com/consensus-magazine/2024/03/11/where-did-we-go-wrong-with-ethereum-scaling/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The rally could be a sign of traders rotating some of their capital to tokens that haven’t moved yet. Source: https://www.coindesk.com/markets/2024/03/11/xrp-jumps-20-after-mysterious-binance-transfers-as-crypto-rally-expands-to-laggards/?utm_medium=referral&utm_source=rss&utm_campaign=headlines