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March 5, 2024
Big brands like Gucci, Adidas and Lacoste continue to explore and create virtual experiences in The Sandbox’s metaverse throughout the bear market. Significant partnerships with luxury brands and entertainment figures and a focus on developing new experiences and events helped The Sandbox endure a prolonged cryptocurrency bear market. Co-founder Sébastien Borget and CEO Arthur Madrid...
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Launched jointly with the custody provider Crypto Finance, the DBDX offers an ecosystem for crypto trading, settlement and custody for institutions. German securities marketplace Deutsche Börse has officially launched its own cryptocurrency trading platform targeting institutional clients. Deutsche Börse announced the launch of its proprietary crypto spot platform for institutional clients, Deutsche Börse Digital Exchange...
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Bitcoin ETFs see over half a billion dollars in net inflows, outpacing the current market supply of Bitcoin 10 times. United States-based spot Bitcoin exchange-traded funds (ETF) saw net inflows of $562 million on March 4, as the BTC price breached $68,000, with the cryptocurrency’s edging ever closer to its all-time high of about $69,000....
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Analysts expect Bitcoin price to breach $150,000 by the end of 2025, driven by the upcoming halving and the demand introduced by Bitcoin ETFs. Bitcoin had its highest daily close at $68,245 on March 4, beating its previous record close of $67,525 on Nov. 8, 2021. The world’s first cryptocurrency is up over 18% on the...
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Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators. Major global cryptocurrency exchange Binance is exiting the Nigerian market, announcing the full discontinuation of all services in the local fiat currency, the Nigerian naira (NGN). Binance officially announced on March 5 that the platform will...
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Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive. Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether (USDT) stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization. Tether announced the launch of a blockchain recovery plan on March 4 to ensure...
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Bitcoin deals a swift blow to late longs on the cusp of all-time highs, saving BTC price discovery for another day. Bitcoin (BTC) almost hit new all-time highs into March 5 as volatility swiftly liquidated late trades. Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory coming within inches of $69,000. Despite daily...
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U.S. Virginia Senate Bill No. 339, which aims to create a work group dedicated to study cryptocurrencies, blockchain and crypto mining, received a majority support from Senate. The Virginia Senate in the United States passed a landmark bill that would lead to the creation of a workgroup dedicated to studying the overall crypto ecosystem and...
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Kole Lee, the leader of Stanford’s Blockchain Club pitched the student-run fund to invest in BlackRock’s spot Bitcoin ETF as early as February. An investment fund that manages a portion of Stanford University’s endowment has as much as 7% of its portfolio dedicated to Bitcoin (BTC) investments. On March 5, Computer Science Major and leader...
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Coinbase has continued to stamp out bugs that have been drawing the ire of users over the last week while the exchange’s share prices keep climbing. Coinbase shares have climbed by nearly 4% in after-hours trading despite another day of platform latency and display hiccups caused by a surge of traffic on the website.  On...
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