South Korean authorities are reportedly looking into blocking crypto exchange platforms that may have operated without adhering to the requirements set by the country’s financial regulator. On March 21, local media Hankyung reported that the Financial Intelligence Unit (FIU) of the Financial Services Commission is considering sanctions against crypto exchanges for allegedly operating in the…
Read more
XDAO, a protocol based on The Open Network (TON), has enabled over 367,000 decentralized autonomous organizations (DAOs) to achieve legal status through its initiative that automates legal recognition for such organizations. In an announcement, XDAO said it had streamlined the DAO creation process to allow DAOs to achieve legal status. An XDAO spokesperson told Cointelegraph…
Read more
Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. In an announcement, the company said it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However,…
Read more
Nearly all United States spot Bitcoin exchange-traded funds (ETFs) had net negative performances in March as analysts expect a bearish Bitcoin trend of up to 12 months. Farside Investors data showed that spot Bitcoin ETFs struggled in March, with net outflows surpassing their monthly net inflows. Asset manager BlackRock’s iShares Bitcoin Trust ETF (IBIT) suffered…
Read more
The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves. The bill directs the government to buy 200,000 BTC annually over five years, to be paid for with…
Read more
Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone…
Read more
The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet. Amid fears of Bitcoin (BTC) contending against the US dollar as a…
Read more
Software intelligence firm turned Bitcoin investment behemoth Strategy remains $7.8 billion in profit on its Bitcoin holdings despite the cryptocurrency’s recent drop to $80,000. On March 10, Bitcoin (BTC) recorded its largest weekly decline on record, shedding more value in the past seven days than at any other time in its trading history. Cointelegraph Markets…
Read more
As the United States moves forward with its Strategic Bitcoin Reserve, speculation is growing over whether China will respond with its own national crypto strategy. On March 7, US President Donald Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” The reserves will initially be funded using Bitcoin (BTC)…
Read more
Solana co-founder and CEO Anatoly Yakovenko said he would prefer no US crypto reserve, citing the risks to decentralization if a government was in charge. On March 6, Yakovenko posted on X, sharing the order of his preferences regarding a US reserve of cryptocurrencies. The Solana co-founder said his No. 1 preference would be having…
Read more