The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the exchange calls a “wasteful, politically motivated campaign” and “clears the path toward a stable, forward-thinking regulatory regime.” According to Kraken, the lawsuit is being dismissed with prejudice, with no…
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Shares of Strategy (MSTR), formerly MicroStrategy, opened sharply higher on March 3 as investors reacted to a weekend Bitcoin rally that was fueled by US President Donald Trump’s crypto reserve plans. MSTR rose by as much as 15% to trade at $295.10, according to Yahoo Finance data. Before March 3, MSTR stock was mired in…
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Opinion by: Irina Heaver, crypto lawyer Any crypto entrepreneur trying to navigate the United Arab Emirates’ crypto ecosystem inevitably encounters the myriad acronyms used in the country’s legal landscape. From the SCA and VARA to the DMCC, ADGM and DFSA, what do these mysterious combinations of letters stand for, and how does one navigate this…
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Cryptocurrency markets surged following US President Donald Trump’s announcement of a potential strategic crypto reserve, but analysts cautioned that the rally may be short-lived. On March 2, Trump said his Working Group on Digital Assets had been directed to include three altcoins — XRP (XRP), Solana (SOL) and Cardano’s ADA (ADA) — in the US…
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Crypto scammers stole over 1 million British pounds ($1.2 million) from nine residents in Kent, England, after gaining access to their personal information from a data leak. On March 1, Kent Police urged residents to be vigilant against ongoing cryptocurrency fraud attempts. Bad actors accessed the Kent residents’ personal information and misused it to generate…
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Some altcoins outperformed the broader cryptocurrency market as Bitcoin staged a significant rebound above the $90,000 psychological level, driven by positive news on crypto adoption in the United States. Cardano’s (ADA) token was the biggest gainer among the 100 largest cryptocurrencies, rising over 43% in the 24 hours leading up to 10:15 am UTC on…
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Cryptocurrency exchange-traded products (ETPs) experienced the biggest weekly sell-off ever, with outflows reaching a record $2.9 billion last week. Amid three consecutive weeks of outflows, global crypto ETPs have seen $3.8 billion wiped out, European crypto investment firm CoinShares reported on March 3. The crypto ETP bloodbath was likely driven by several factors, including the…
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Cryptocurrency exchange Binance is set to delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA). On March 31, Binance will delist spot pairs for users in the EEA, with nine stablecoins, including Tether’s USDt (USDT) and Dai (DAI), set to be removed to comply with Europe’s…
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More than 1,200 cryptocurrency ATMs mysteriously went offline in the United States during the first weekend of March, just days after a senator introduced the Crypto ATM Fraud Prevention Act to stop crypto ATM fraud. On Feb. 25, Illinois Senator Dick Durbin proposed legislation to target fraud at crypto ATMs in the US, citing a…
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Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets. After resuming crypto staking in the United Kingdom in early February, Uphold has now relaunched the feature in the US, the firm said in an announcement shared with Cointelegraph on Monday,…
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