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March 12, 2025
The Web3 gaming industry is facing tighter investment conditions as capital flows become more selective, with investors prioritizing sustainable projects over hype-driven fundraising.In February, Gunzilla Games Web3 director Theodore Agranat described blockchain gaming as a “game of musical chairs” in which the same capital cycles through different projects and “no new money” comes in. The...
Opinion by: Mohammed Idris, Minister of Information of NigeriaNigeria has emerged as one of the most active and dynamic crypto markets in recent years. From bustling tech hubs in Lagos to grassroots communities in smaller cities, young Nigerians have turned to cryptocurrencies to address fundamental economic challenges, from hedging against inflation to accessing global markets...
US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values.On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at...
Bitcoin (BTC) is up 5% over the past 24 hours, as the cryptocurrency rallied from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential moving average or 50W-EMA indicator (blue line) as support.Bitcoin 1-week chart. Source: Cointelegraph/TradingViewAs observed in the...
Bitcoin (BTC) whales are back buying BTC while “panic” keeps smaller investors away, new research reports.Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling.Bitcoin whales reset market approachBitcoin at $80,000 is proving attractive for large-volume investors — or at least a poor-value selling proposition for those wishing to exit the market.In...
Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization...
The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed.Among the affected ETFs are Grayscale’s...
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...
The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker rule that aimed to expand existing...
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...
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