Crypto Magazine

Bitcoin Fog mixer founder Roman Sterlingov was convicted of facilitating money laundering Bitcoin Fog mixer founder Roman Sterlingov was found guilty of facilitating money laundering, operating an unlicensed money transmission business, and other offenses. However, Sterlingov argued that he was only a user of the mixer and not its operator. Approximately 1.2 million BTC was transacted through Bitcoin Fog, which mostly came from darknet platforms. The evidence used to convict Sterlingov showed that the "vast majority" of the cryptocurrencies he deposited on exchanges were from bitcoin clusters linked to Bitcoin Fog.

According to the data, Bitcoin hit new all-time highs with trade volumes reaching $51bn. Despite some profit-taking, liquidity on exchanges remains strong, reflecting robust market demand.

After the 🔵 Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 gas fees. According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, #Base will be reduced from $0.58 to $0.01.

JUST IN: Michael Saylor says Bitcoin is going to "eat" gold and has all the great attributes of gold.

The US President, Joe Biden, unveiled his proposed fiscal year 2025 budget, which includes a crypto mining excise tax and addresses crypto in wash-sale rules. These are similar taxes to those proposed last year, which ultimately weren't taken up by Congress. However, according to the administration, these regulations could generate nearly $10bn in 2025 and north of $42bn over the next decade.

🦊MetaMask is reportedly testing a blockchain payment card with Mastercard issued by Baanx, allowing users to spend crypto for everyday purchases worldwide.

💰 Bull Market Max and Average Correction : 2010-11: -51.28% | -18.41% 2012-14: -70.28% | -21.71% 2015-18: -32.93% | -10.93% 2018-21: -60.24% | -19.39% 2023: -19.11% | -5.47%. In the current Bitcoin bull cycle, the market has witnessed relatively minor corrections, attributing to ETF buying pressure and hype so far.

📅This week, the US will release major inflation data, while CME predicts a 97% chance of the FOMC keeping interest rates unchanged on March 20.

🤯 BlackRock's #Bitcoin ETF recently pulled in a MASSIVE $788m❗️ Smashed the previous record of $612m. They will be taking in +$1 Billion a day soon 🔥

📊 DeFi TVL reaches $100B as Bitcoin pumps sentiment The demand for Bitcoin is fueling sentiment around the crypto industry, driving the capital locked on-chain to over $100 billion on March 9. According to data from DefiLlama, the global total value locked (TVL) in decentralized finance (DeFi) protocols reached $100.1 billion, with more than $10 billion in volume in the past 24 hours at the time of writing. However, these figures still fall short of the $189 billion record set in November 2021.

📊 Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted chains.

⚡️⚡️⚡️⚡️⚡️⚡️: Blackrock CEO Larry Fink on live TV: “Bitcoin 🥇 could be a great long-term store of value and If you are fearful of your goverment then it is the best cross border asset for you."

Elon Musk is about to join the game.

💰 Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April. Solana-based DeFi protocol Kamino plans to airdrop its KMNO token in April after taking a snapshot of eligible users on March 31. "The amount of points you have will contribute to the amount of tokens you will get," Thomas, a contributor to Kamino, said on a monthly Solana developer call, explaining that the protocol will employ mechanisms to prevent airdrop farmers from sybil attacking the system with multiple wallets.

❌More than $335 million have been liquidated (24h). Longs: $178.07M/ Shorts: $157.16M

🥇 A visualization of the market cap of Bitcoin hitting a new all-time high 🚀

BlackRock to buy 🥇 Bitcoin ETFs through its $15b Global Allocation Fund. Its $36b Strategic Income Opportunities Fund will also buy Bitcoin ETFs, as announced last week. What are your thoughts on BlackRock's strategic move into Bitcoin ETFs through their major funds? How do you think this will impact the broader cryptocurrency market and investor confidence? Share your insights and opinions in the comments section below!

Arkham has reportedly identified 🥇 BTC holdings of Tesla and SpaceX. Analysts state that Tesla currently holds 11.51k BTC ($780m) across 68 addresses, and SpaceX holds 8.29k BTC ($560m) across 28 addresses.

🥇 Bitcoin miners earned the second highest daily revenue yesterday: $75.9M. The record is $77.3M on April 14, 2021.