Bitcoin dropped to $67,000, driven by fading rate-cut expectations and losses in gold and Nasdaq, although the overall upward trend is expected to remain intact with continued demand for spot BTC ETFs.
Australian computer scientist Craig Wright has been ruled by a judge at London's High Court to not be the pseudonymous inventor of bitcoin, Satoshi Nakamoto, in a case brought by the Crypto Open Patent Alliance (COPA) to prevent Wright from suing bitcoin developers. The judge stated that the evidence overwhelmingly proved that Wright was not Satoshi Nakamoto. COPA hailed the ruling as a victory for the truth and the open-source community.
Tesla CEO Elon Musk expressed support for Dogecoin, saying that at some point, Tesla should enable the purchase of its cars with the cryptocurrency, and citing the requests he received from people at Tesla and SpaceX to support Dogecoin as the reason for his endorsement. However, the environmental concerns associated with the proof-of-work consensus mechanism used by Dogecoin, similar to Bitcoin, could pose a roadblock to its acceptance as an official payment method for Tesla cars.
El Salvador's President Nayib Bukele revealed plans to transfer a significant portion of the country's bitcoin assets to an offline device stored in a physical vault, as the nation's bitcoin portfolio stands at around $407 million, amidst Bitcoin's current record high of $73,800.
The highly anticipated Runestones airdrop has begun, with 4 batches of 1,400 Runestones already inscribed and sent out, and 76 batches remaining to be distributed over the next 24 hours.
El Salvador has moved over 5,000 BTC, worth $400 million, into a cold wallet, nearly doubling the country's known stash of Bitcoin, according to President Nayib Bukele.
Worldcoin (WLD) is expected to receive support at the $10 level and could benefit from the upcoming Nvidia GTC conference, while Solana (SOL) may experience a 22% increase once it surpasses the $150-$160 zone, and Avalanche (AVAX) has potential for further growth after breaking the $50 level.
Amazon founder Jeff Bezos and his fiancée Lauren Sánchez are awarding $50 million each to retired Navy admiral Bill McRaven and actor Eva Longoria as part of Bezos' annual prize for individuals who make significant contributions to society.
Short sellers have lost $3.3 billion this year betting against Microstrategy's stock as Bitcoin's record-breaking rally boosted the company's shares by 180%.
Viral Telegram clicker game Notcoin is giving away 100,000 Toncoin (TON) to players through a new quest, with rewards including a 3 million Notcoin bonus and 1 TON for completing all the tasks.
Bitcoin is expected to experience a significant rise in adoption, with analysts predicting that one billion people will own Bitcoin by the end of this cycle, leading to potential price impacts as demand outstrips supply.
Veve, the Ethereum NFT collectibles platform, has launched VeVe Comics, offering over 300 new Marvel digital issues, with the unique feature of also selling limited-edition NFT versions of the comics.
Bitcoin initially fell below its all-time high of $73,700 due to concerns about inflation and a large transfer of Bitcoin by Grayscale, but has since recovered above $70,000.
Dollar General is removing self-checkout stands in 300 stores due to high levels of shoplifting, while converting others to regular checkout with cashiers and limiting self-checkout to purchases of five items or less in some stores, in an effort to reduce shrink.
Tesla CEO Elon Musk's comments about potentially enabling Dogecoin as an official form of payment for Tesla vehicles caused a brief surge in the meme token's value, but the overall volatility and uncertainty of the token continue to make it a speculative investment.
Carbonated, the studio behind the post-apocalyptic shooter game MadWorld, has raised $11 million in funding from investors including Com2uS, Andreessen Horowitz, and Bitkraft Ventures, and has opened registration for early access playtesting of the game's NFT-based territory control elements.
Industry experts are divided on the potential uptake of a spot ether exchange-traded fund (ETF), with some believing investors would be better off buying and staking their own ether rather than investing in an ETF that won't likely allow staking reward distribution, while VanEck thinks an ether ETF could attract huge demand and believes it could potentially be as big if not bigger than spot bitcoin ETFs.
Crypto fans have launched a $650,000 campaign to put the meme mascot of memecoin DogWifHat on the largest LED screen on Earth, known as the Sphere, in Las Vegas.
The U.S. Securities and Exchange Commission has sued 17 individuals involved in a $300 million Ponzi scheme that targeted the Latino community in multiple countries and promised high returns from investing in crypto and other assets but failed to deliver, as two of the defendants settle.
Crypto markets experienced a downward slide, with Bitcoin and Ether dropping 5%-6%, while Solana's native token (SOL) outperformed and could potentially reach $250 after surpassing a key resistance level.
The high court ruling in the United Kingdom determined that Australian computer scientist Craig Wright is not the inventor of bitcoin, refuting his claim to be Satoshi Nakamoto.
Bitcoin halving is a pre-programmed event in the Bitcoin protocol that reduces the reward for mining new Bitcoin blocks by half, with the upcoming halving in April 2024 expected to have significant effects on supply scarcity, miner revenue, price speculation, and network security.
Elon Musk expressed his interest in enabling Tesla to accept Dogecoin as a form of payment for vehicles, stating that he supports the cryptocurrency and its potential for widespread use.
This week in the crypto world, bitcoin hit a new all-time high, Solana experienced a price surge, Nigeria demanded disclosure from Binance, Worldcoin faced legal challenges in Spain, and NFT platform Zora offered a new way for AI model makers to earn money. The crypto market saw overall growth, with the total market cap reaching $2.75 trillion. Additionally, TechCrunch's Chain Reaction podcast delved into the partnership between Fox Corporation and Polygon Labs in tackling deepfakes using blockchain technology. Various web3 projects also secured funding, including an NFT marketplace, D2X, Polyhedra Network, ClearToken, and UXLINK.
MicroStrategy's use of leverage to acquire large amounts of bitcoin may contribute to a potential market downturn, according to JPMorgan, as the firm's debt-funded purchases add to the current crypto rally and raise the risk of severe deleveraging in the future.
The native governance token of TraderJoe (JOE), an Avalanche-based altcoin, is expected to experience a significant breakout and potentially rise by over 28% according to popular crypto trader Kaleo, who also predicts that Solana (SOL) will soar to $200 after breaking out of a bullish trendline in the $150 range.
The U.K. Judicial Office has declared that Craig Wright is not the creator of Bitcoin, Satoshi Nakamoto, after considering all the evidence presented in the COPA v Wright trial.
SuperRare, an Ethereum-based NFT marketplace, is expanding to Bitcoin by launching a collection of unique Ordinals inscriptions by artist Killer Acid, with each piece of art in the collection having a distinct image.
The Federal Reserve may be secretly pursuing a central bank digital currency (CBDC), despite publicly claiming otherwise, according to a document shared by GOP Majority Whip Tom Emmer. Emmer, a critic of CBDCs, received the document during a presentation to Congress and claims that it shows the Fed views CBDCs as one of its key duties.
The use of permissioned networks by large banks to tokenize real world assets and liabilities is being neglected in new rules on operational resilience, creating vulnerabilities for the global financial system.
Despite rumors of a $500 billion Bitcoin investment by Qatar's sovereign wealth fund, the Qatar Investment Authority has denied such claims, but experts believe that government-level investments in Bitcoin are becoming more plausible as digital assets gain acceptance on Wall Street.
Developers posted Jerry Seinfeld's B movie script on Ethereum after the gas fees were reduced, Robinhood is predicted to benefit from the crypto market growth, and meme coins show a correlation between price surges and user wallet growth on the blockchain.
Bitcoin's price dropped nearly 3% after February's inflation was higher than expected, with the producer price index jumping 0.6%, indicating that inflation is still a concern.
The founder of Tron, Justin Sun, deposited 120,000 ETH worth $480 million into the liquid restaking protocol Ether.Fi, which is nearing $3 billion in total value locked ahead of its token release.
Meme coins, such as Bonk (BONK), Dogecoin (DOGE), and Shiba Inu (SHIB), are highly speculative and risky investments that lack underlying functionality, making them prone to volatility and potential crashes.
The investment case for both Bitcoin and Ethereum is strong, with Bitcoin reaching new all-time highs and Ethereum offering different investment criteria, including decreasing supply, scalability improvements, and the potential for an ETH ETF approval in May.
Bitcoin DeFi app Sovryn is expanding to the Ethereum blockchain through a partnership with hybrid layer-2 network developer Build on Bitcoin, introducing a decentralized exchange (DEX) called Dex 2.0 that promises lower gas fees and faster transactions.
Satoshi Nakamoto, the pseudonymous creator of bitcoin, has been ruled not to be Craig Wright by a high court judge, bringing an end to a contentious trial in London.
The recent spike in the value of Bitcoin and other cryptocurrencies has led to increased demand for AMD Ryzen high-end chips for crypto-mining, causing shortages and price increases, which could potentially impact the launch of AMD's next-gen Zen 5 CPUs and create an opportunity for Intel in the CPU market.
BitMEX co-founder Arthur Hayes believes that the Bitcoin and crypto bull markets are just beginning, with the introduction of spot Bitcoin exchange-traded funds (ETFs) through retirement accounts driving "sticky flows" of funds into the market.
The US dollar is facing competition from local currencies, with around 10 currencies, including those of two BRICS countries, outperforming the USD this week.
A UK High Court judge has ruled that Craig Wright, an Australian computer scientist, is not Satoshi Nakamoto, the creator of Bitcoin, marking the end of a long-standing debate and potentially leading to further legal consequences for Wright.
The Dogwifhat community raised $650,000 to display a meme on the Las Vegas Sphere, leading to a 48% surge in WIF prices, while other meme coins like Pepe, Dogecoin, and Mog also experienced significant gains, indicating that the meme coin mania within the crypto circles is likely to continue due to low fees on platforms like Solana.
Leading wallet Xverse has announced that it will support the upcoming Bitcoin fungible token standard called Runes, developed by Ordinals protocol creator Casey Rodarmor, with testnet support already added and mainnet launch expected in April alongside the Bitcoin halving.
MicroStrategy is planning a private offering of $500 million in convertible senior notes to buy more bitcoin, as the software company continues to heavily invest in cryptocurrency; analysts remain bullish on the company despite a downside potential.
Polyhedra Network, a Web 3 infrastructure provider, has raised $20 million in a funding round led by Polychain Capital, with participation from Animoca Brands, for global expansion and hiring new employees.
Bitcoin could potentially reach its peak in the ongoing bull market cycle in late 2024 or early 2025, according to analyst Rekt Capital, with the possibility that the cycle could lengthen beyond previous ones.
The recent Dencun upgrade on Ethereum Layer-2 networks has significantly reduced transaction costs, with fees appearing as less than a penny but actually costing $0.0005, providing greater scalability and opening up more use cases for crypto. However, it is expected that transaction costs may increase over time as demand for blobs, the new data storage mechanism, grows.
Investors should consider overlooked sectors such as energy, real estate investment trusts (REITs), and gold miners, as billionaires like Warren Buffett and Stanley Druckenmiller are aggressively investing in these undervalued and high-yielding opportunities.
Meme coins have experienced significant price surges correlated with the growth of user wallets on underlying blockchains, despite lacking inherent value propositions, according to Franklin Templeton’s Digital Assets team.
