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Category: Crypto Trends

Coinbase plans India comeback with FIU registration

March 12, 2025 Crypto Trends

The US cryptocurrency exchange appears poised to reenter the Indian market three years after its first attempt. Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit…

Lone Bitcoin miner wins block using tiny, cheap rig — ‘1 in a million chance’

March 12, 2025 Crypto Trends

A solo Bitcoin miner successfully mined Bitcoin block 887,212 using a pocket-sized Bitaxe machine and banked around $263,000. A solo Bitcoin miner using a relatively cheap, pocket-sized crypto mining rig has solved one of the blockchain’s blocks and earned the…

US stablecoin bill gets update ahead of Senate banking group vote

March 12, 2025 Crypto Trends

The Republican-led GENIUS Act saw a raft of changes after bipartisan discussions, and the Senate Banking Committee will vote on the stablecoin bill on March 13. US Senate Banking Committee is set to vote on a Republican-led stablecoin framework bill…

Hacking group ‘Dark Storm’ claims responsibility for DDoS attack on X

March 12, 2025 Crypto Trends

At the peak of the outage, Downdetector recorded nearly 40,000 users unable to access X; however, Elon Musk says user functionality was quickly restored. A hacking group with ties to Russia has claimed responsibility for the massive cyberattack on X,…

SEC looking to abandon effort requiring crypto firms to register as exchanges

March 11, 2025 Crypto Trends

Acting SEC chairman Mark Uyeda has asked SEC staff for ways to abandon a rule change that would expand the definition of alternative trading systems to include crypto firms. A proposed rule change pushing for some crypto firms to register…

Investors flee from risk assets as JPMorgan ups recession odds to 40%

March 11, 2025 Crypto Trends

The S&P 500, tech-heavy Nasdaq and Dow Jones Industrial Average all fell heavily this week. 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…

Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares

March 11, 2025 Crypto Trends

With cumulative outflows reaching $4.75 billion over the past four weeks, the year-to-date inflows have dropped to $2.6 billion, according to CoinShares. Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the…

DeFi TVL drops by $45B, erasing gains since Trump election

March 11, 2025 Crypto Trends

DeFi is shrinking, with the total value of assets in decentralized protocols losing all gains since Donald Trump was elected US president. The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since…

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

March 10, 2025 Crypto Trends

Canada’s new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.” The Liberal Party of Canada has announced Canada’s new prime minister is Mark Carney, a former…

US housing dept mulls blockchain, stablecoin to pay and monitor grants: Report

March 10, 2025 Crypto Trends

The US Housing Department has discussed possibly using a stablecoin to fund grants and tracking it using blockchain, ProPublica reports. The US Department of Housing and Urban Development is reportedly looking to experiment with using blockchain and a stablecoin for…

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