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Bitcoin Developers Forge Alliance to Standardize BRC-20 Tokens Amid Rising Popularity

A coalition of Bitcoin developers have rallied to govern the BRC-20 fungible token standard as the Ordinals protocol surges in popularity. The coalition, which calls itself the Layer 1 Foundation, announced its new BRC-20 governance structure in a lengthy tweet on X on Monday. From now...

, by Tim Hakki

Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11. Moscow has fast-tracked the bill in an apparent bid to help domestic companies use digital tokens and CBDCs to evade...

, by Tim Alper

Israel Plans to Launch Interest-Bearing CBDC – Here’s What You Need to Know

Israel's Central Bank unveiled plans on March 11 to launch an interest-bearing Central Bank Digital Currency (CBDC), dubbed the "digital shekel". In a recent document, the Bank of Israel (BoI) outlined its proposal for the 'digital shekel,' highlighting key features such as wallet provision and...

, by Jimmy Aki

Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension

Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain's data protection authority, the AEPD. The authority used emergency powers granted by the European Union's General Data Protection Regulation (GDPR) to issue the local order, which can...

, by Ruholamin Haqshanas

Tether Launches USDT On Celo Chain

Tether, the issuer of the world’s largest stablecoin, USDT, announced on March 11 the launch of its stablecoin on the Celo chain. In a statement, the stablecoin issuer said the expansion marks a major milestone for the firm and Celo. Tether Launches On CeloAs of March 12, USDT is...

, by Dalmas Ngetich

Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience

Paolo Ardoino, the CEO of Tether, has taken a jab at Digital Currency Group (DCG), the distressed crypto firm currently facing a lawsuit from the New York Attorney General (NYAG). In a March 11 post on X, the CEO mocked DCG in the wake of newly revealed court documents. Filings allege that the...

, by Dalmas Ngetich

Bitcoin ETF Inflows Could Trigger a ‘Sell-Side Liquidity Crisis,’ Warns CryptoQuant

Institutional inflows into spot Bitcoin (BTC) ETFs could lead to a "sell-side liquidity crisis" by September, according to industry analyst Ki Young Ju, CEO of on-chain analytics platform CryptoQuant. In a thread on X, Ki predicted a watershed moment in BTC supply within the next six...

, by Ruholamin Haqshanas

Biden’s Budget Proposal for 2025 Rekindles Discussion of 30% Electricity Tax for Crypto Miners

President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025.The proposal, outlined in a document titled "General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals" by the U.S....

, by Ruholamin Haqshanas

Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations

Hong Kong's central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner. A regulatory sandbox is an environment where companies are permitted to...

, by Shalini Nagarajan

Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill

The Polish Financial Supervision Authority (KNF) received authoritative powers to tighten the crypto market, ahead of the EU’s MiCA rules. The Markets in Crypto Assets Regulation (MiCA) legislation, EU’s comprehensive crypto law, is set to take effect this year. The new powers will...

, by Sujha Sundararajan

Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks

Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks. Tigran Gambaryan, who leads Binance's criminal investigations team, and Nadeem Anjarwalla, Binance's regional manager for Africa based in Kenya, have...

, by Ruholamin Haqshanas

Nexon’s MMORPG MapleStory to Launch Web3 Version on Avalanche

Nexon, the South Korean video game developer, plans to launch a web3 version of MapleStory on the Avalanche blockchain, adding user-generated content and new gameplay mechanics. The official blog post by Avalanche detailed that this version, named MapleStory N, will enable players to design and...

, by Hongji Feng

Thailand SEC Clears Path for Accredited Investors to Dive Into US Bitcoin ETFs

The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be restricted to institutional investors and individuals with ultra high net-worth. Essentially, the decision enables a...

, by Shalini Nagarajan

Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity

Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking a court directive for the regulatory authority to establish clear guidelines for the cryptocurrency sector. In the lawsuit detailed in their March 11 court submission, Coinbase challenged the SEC's lack of...

, by Hongji Feng

El Salvador’s Bitcoin Investment Strategy Proves Lucrative as Profits Surge by 70%

El Salvador's Bitcoin (BTC) investment strategy is paying off handsomely, with the country now enjoying a remarkable 70% profit on its dollar-cost average purchase price. Following a recent Bitcoin rally, El Salvador's crypto treasury has surged to $85 million in profit, as reported by...

, by Ruholamin Haqshanas

Bitcoin’s Record High Above $72K Signals Strong Crypto Market Rebound

Bitcoin hit an all-time high on Monday, contributing to the rapid rebound of the cryptocurrency market. The largest crypto by market cap surged to as much as $72,710 late Monday. Meanwhile, Ether rose 4.5% to $4,038. “Extreme greed remains the driver of the crypto market, but major coins...

, by Shalini Nagarajan

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