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💰 Sell-side risk ratio hit 3-year high as Bitcoin broke above $73k Bitcoin, a specific metric silently predicts the market's next move — the sell-side risk ratio, a nuanced measure comparing daily investor activity against Bitcoin's total market capitalization. The metric has recently hit levels not seen since March 2021. This surge came after an impressive price jump from $45,330 to $73,104, catching the eye of savvy investors. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🪙 Spot Ethereum ETF approval has 'no positive signs,' says ETF expert While the prospects of a spot ether exchange-traded fund receiving approval from the U.S. Securities and Exchange Commission are up for debate, one ETF expert remains largely pessimistic. Bloomberg Senior ETF Analyst Eric Balchunas posted on X today their belief that the odds of an ether ETF garnering approval are "a very pessimistic 25%." "Personally hope they do approve it but it just ain't looking good," he added. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🇳🇬 Nigeria files tax evasion charges against 🟠 Binance as exec escapes from custody: reports Nigeria’s federal government filed charges against crypto exchange Binance for tax evasion at the country’s High Court on Monday, local newspaper Punch reported. Nigeria’s Federal Inland Revenue Service, the country’s tax agency, accuses Binance of four tax evasion charges in the filing: the non-payment of value-added tax, the non-payment of company income tax, failure to file tax returns and complicity in aiding customers to evade taxes through its platform. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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💰 Bitcoin ETFs become hottest product in BlackRock, Fidelity’s repertoire of funds BlackRock and Fidelity Investment’s spot Bitcoin ETFs — IBIT and FBTC — have become the most popular funds the two asset managers currently offer in less than 50 days of trading, based on data shared by Bloomberg ETF analyst Eric Balchunas. IBIT and FBTC were launched on Jan. 11 and have consistently posted record-setting numbers and generally outperformed the wider ETF market. The strong performance is evidence of Bitcoin’s growing popularity in traditional financial circles. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🚨 Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🇮🇸 Iceland's PM gives cold shoulder to crypto as miners search worldwide for cheap electricity: Reports Iceland's vast network of hydroelectric and geothermal plants have made the island nation the world's largest energy producer per capita. A robust crypto mining industry has also made it the world's foremost Bitcoin hashrate producer by the same metric. Yet when Prime Minister Katrín Jakobsdóttir looks to the future, she prefers to picture corn over crypto mining. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🇦🇷 Argentinians Turn to 💰 Bitcoin Amid Increasing Inflation Rates: Report Argentina’s 276% inflation drives Bitcoin buying frenzy: 34,700 BTC purchased in March’s first week, the highest in 20 months. In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency. This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S. dollar. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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💰 LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. The event first came to light through coverage by KTLA, with local journalist Josh DuBose revealing the identities of the accused as 47-year-old Vardan Vardanyan, 36-year-old Vagarshak Vardanyan, and 34-year-old Samvel Pilovan. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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💰 Ripple leaders forecast SEC defeat in Ethereum security saga Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) would lose its war against Ethereum. In a March 22 post on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his company’s XRP token and is on course to suffer a similar fate if it attempts to classify ETH as security. Ripple’s Chief legal officer Stuart Alderoty, sharing similar views with Garlinghouse, added that the US Congress should stop funding this “insanity.” Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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🇪🇪 Estonia passes legislation to regulate crypto service providers The government of Estonia has enacted a bill that introduces stringent legal requirements for digital assets service providers, local media reported on March 21. Estonia has been a significant location for crypto service providers, with estimates in 2021 suggesting that nearly half of the world’s crypto service companies were registered in the country. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus
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