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Crypto Markets Tank $100B Amid Hawkish Fed Projections

Total market capitalization has declined by almost $100 billion in less than 24 hours before and after the Federal Reserve’s meeting on Wednesday. The metric is now at around $2.52 trillion after falling from just below a six-week high of $2.61 trillion on Wednesday. Over the past 24 hours, around 136,000 traders were wrecked, with […]

North Korea-Linked Hackers Suspected in Bitrefill Breach That Drained Wallets

Bitrefill disclosed that it was targeted in a cyberattack on March 1, which resulted in the theft of cryptocurrency funds, and said its investigation found multiple indicators linking the incident to tactics used by the DPRK-associated Lazarus/Bluenoroff group. The company stated that similarities in the attackers’ methods, malware, on-chain tracing patterns, and the reuse of […]

What the SEC and CFTC’s New Guidance Actually Means for Your Crypto

For years now, the entire cryptocurrency industry has operated under a fog of regulatory uncertainty. Investors and developers alike were wondering which crypto asset the U.S. government might suddenly decide to classify as an unregistered security. Take Ripple’s XRP, for instance – one of the most obvious examples. The company was tangled in a prolonged […]

SEC Finally Clarifies That Most Crypto Assets Are Not Securities

The SEC issued an interpretation on Tuesday clarifying how federal securities laws apply to certain crypto assets and transactions involving cryptocurrencies. This is a “major step in the Commission’s efforts to provide greater clarity regarding the treatment of crypto assets,” it stated. The guidance also “complements Congressional endeavors to codify a comprehensive market structure framework […]

Analyst: Bitcoin ETF Holders Are $5K Underwater Even as Institutional Demand Returns

Bitcoin (BTC) touched $76,000 on March 17 to register its highest price level since early February, as institutional investors continued to put money into U.S. spot ETFs, extending a multi-day recovery streak coming after heavy outflows in February. However, the rebound in demand is running into a key constraint, according to analyst Axel Adler Jr., […]

Argentina Orders Nationwide Block on Polymarket Over Unlicensed Gambling

Argentina has moved to restrict access to the prediction market platform Polymarket after a Buenos Aires court determined it was operating as an unauthorized betting service. In a ruling issued by Judge Susana Parada, authorities ordered a country-wide block on the website and instructed Google and Apple to remove or limit access to its application […]