Crypto News

Key takeaways The Bitcoin Dogs presale has ended and the project has raised nearly $13.5 million. The team is now working to list $0DOG on exchanges while allowing investors to claim their tokens.  What is Bitcoin Dogs? The cryptocurrency market has been bearish over the last few days but that hasn’t stopped new projects from raising funds.  Bitcoin Dogs is one of the projects on the Bitcoin blockchain that is attracting interest from investors.  It is a unique project as it is the first BRC-20 ICO on the Blockchain network. Bitcoin Dogs is offering investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.  The Bitcoin Dogs presale lasted for only a month and it raised more than $13 million. The team is now preparing to list the $0DOG token on decentralised and centralised exchanges.  The presale launched right after the US SEC approved 11 s...

Square Enix has made a strategic investment in Web3-native game platform HyperPlay. HyperPlay will use the funding to scale its game store. Square Enix, the gaming giant behind such titles as the Final Fantasy and Kingdom Hearts, has invested in Web3-native game store HyperPlay. HyperPlay shared news of the strategic investment on March 19, 2024. “Today, we’re thrilled to share that HyperPlay has received a strategic investment from none other than Square Enix. This partnership marks the beginning of an exciting journey as we collaborate to revolutionize gaming distribution models,” HyperPlay posted on X. Partnership also brings SYMBIOGENESIS to HyperPlay While it did not disclose the investment amount, HyperPlay said in press release that it will use the funding to expand its game store The partnership also includes the addition of SYMBIOGENESIS®, Square Enix’ first Web3 game title to the HyperPlay game store. This brings a new NFT-based entertainment to the HyperPlay s...

Genesis settles $21M SEC penalty, permanent injunction for Gemini Earn violations. SEC Chair Gensler emphasizes crypto compliance with securities laws. Genesis authorized to sell $1.6B GBTC assets. Genesis Global Capital has agreed to pay a $21 million penalty and accept a permanent injunction for selling unregistered securities, according to an official press release by the U.S. Securities and Exchange Commission (SEC) . The agreement, finalized by a New York federal judge, marks a significant step in resolving the lawsuit against Genesis and Genesis Trust Co. The settlement underscores Genesis’s failure to register its retail crypto lending product, bypassing critical disclosure requirements intended to protect investors. SEC Chair Gary Gensler has emphasized the importance of compliance with securities laws in the crypto lending space. Impact on the crypto market Following the collapse of FTX , Genesis faced challenges, including the suspension of repayments, withdrawals, a...

Bitcoin price tanked more than 7% on Tuesday morning as the bloodbath across the crypto market pushed altcoins deep into correction territory. BTC reached lows of $62,438 as bears threatened to plunge prices to the $60k level. BTC price near key level as alts bleed As the benchmark cryptocurrency struggled, altcoin bloodbath also intensified. Ethereum, Solana, BNB, Cardano and Avalanche all fell double digits, with ETH dipping to $3,200, SOL to $172 and BNB to $502. Cardano and Avalanche dropped to $0.59 and $55 respectively. According to data from Coinglass , a total of 242,841 traders had been liquidated in the past 24 hours (as at 7.40 am ET on Tuesday). The total liquidations stood at over $651 million, longs the hardest hit at over $538 million and shorts at $113 million. BTC accounted for over $190 million in liquidated longs in the past 24 hours, while ETH accounted for over $126 million.  Data showed the largest single liquidation order occurred on the OKX exchange ...

Arbitrum (ARB) and PEPE face sell-off pressure, down 9.53% and 25.65% respectively. Memeinator’s MMTR gains traction, offering innovative utility and market dominance. MMTR token priced at $0.0292 in the final presale stage, attracting investor interest. The cryptocurrency market has witnessed significant turbulence in recent days, with notable sell-off pressure impacting tokens like Arbitrum (ARB) and PEPE. As popular tokens suffer bearish pressure, Investors’ attention is shifting towards t he Memeinator presale , where investors are eyeing opportunities amidst the market fluctuations. Arbitrum (ARB) sell-off post token unlock Arbitrum, a prominent player in the cryptocurrency space , experienced a substantial sell-off following a significant token unlock event on March 16th. Whales moved $58 million worth of ARB tokens to exchanges, triggering a downward price spiral. As a result, Arbitrum’s native token, ARB, faced a 9.53% decline in value within a day, now priced at $1.50...

Former Binance CEO Changpeng Zhao teases educational project. Zhao has emphasized there will be no new tokens. The new project follows Zhao’s resignation amid legal challenges. Former Binance CEO Changpeng Zhao has sparked intrigue within the cryptocurrency community with a cryptic announcement regarding an upcoming educational project. Despite stepping down from his role at Binance, Zhao remains a significant figure in the industry, and his latest endeavour is eagerly awaited for its potential impact on the crypto landscape. Changpeng Zhao’s new project In a brief message shared on X, Zhao revealed that the new project would not involve the creation of new tokens but instead focus on providing educational resources to the community. With details yet to be unveiled, speculation abounds regarding the nature and scope of this initiative. Launching a new project. No, no new tokens. Education project. More details soon… — CZ 🔶 BNB (@cz_binance) March 18, 2024 Zhao’s dec...

Zodia Custody (HK) has received the Trust or Company Service Provider (TCSP) license. The Standard Chartered-backed digital assets custody platform will offer regulated services to institutional clients. Zodia Custody (HK), a crypto custody solutions provider, has received the Trust or Company Service Provider (TCSP) license. The license allows the Standard Chartered-backed digital assets custody provider to bring its services to the Hong Kong market, according to details in a company news report . This pivotal milestone allows Zodia Custody (HK) to solidify its position within the crypto space, it added. Zodia Custody targets Hong Kong market Zodia Custody’s targeting of the Hong Kong market comes as the region looks to enhance their global standing as a digital assets hub. The various initiatives include the push for proper licensing of crypto firms and the reported pursuit of spot Ethereum c exchange-traded funds (ETFs). The company recently appointed Kal Chan as CEO, wit...