Terra Now Holds $1.47 Billion Bitcoin After Adding $139 Million

There has been more interest in Bitcoin by institutional holders lately. After MicroStrategy announced the increase of its Bitcoin holdings to $5 billion worth of BTC, Terra form Labs has done the same, adding $139 million worth of BTC to its Bitcoin wallet. This brings the total amount of Terra’s Bitcoin accumulation to $1.47 billion …

The U.K FCA Adds More Grace For Some Crypto Companies

The U.K’s Financial Conduct Authority (FCA) has announced the extension of its Friday deadline for crypto exchanges to complete their registration with the regulator. This means that the firms with temporary registration status will still be allowed to carry out their operations. As of March 25, only 12 companies are allowed to “carry out crypto …

Broader Market Celebrates Bitcoin Breakout, But What About Perp Traders?

Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above $47,500. However, perp traders have …

Time To Be Fearful? Bitcoin Index Reaches Greediest Point Since Peak

Data shows the Bitcoin fear and greed index has now reached the highest level since the peak in November as the price of the crypto rallies up. Bitcoin Fear And Greed Index Now Points At “Greed” As per the latest weekly report from Arcane Research, the BTC fear and greed index has surged to values …

Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000

Bitcoin had successfully flipped the $47,000 level this week. A welcome change after the digital asset had spent a long stretch of time plagued by low momentum. It officially signaled a break out of the consolidation of the past two-and-a-half months. Now the real work begins as bears have begun mounting significant resistance to keep …

Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback

Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback.  According to a report from The Australian, Bengal Energy is set to conduct a pilot program where roughly 70 Bitcoin …

Historic Rally in Sight for Ethereum? Crypto Analyst Benjamin Cowen Compares ETH Price Action to 2017 Bull Cycle

Ethereum (ETH) could be mimicking the early stages of the 2016/2017 bull run, according to popular crypto analyst Benjamin Cowen. In a new YouTube update, Cowen tells his 722,000 subscribers that Ethereum’s current price patterns indicate it’s in a similar re-accumulation phase to when it bounced between $7 and $14 in 2016 and early 2017. …

Crypto Billionaire Do Kwon Says Terra (LUNA) Plans on Being Biggest Bitcoin Holder in World, Other Than Satoshi

The co-founder of Ethereum challenger Terra (LUNA) says that the crypto project plans to keep stacking BTC until its stash is second only to Satoshi, Bitcoin’s anonymous founder. In a new interview on the Unchained Podcast, Terraform Labs CEO Do Kwon explains the plan to accumulate the top crypto asset by market cap in an …

Big Breakouts in Store for Ethereum Challengers Avalanche (AVAX) and Near (NEAR), According to Crypto Analyst

A closely tracked crypto strategist is predicting price surges for Ethereum (ETH) rivals Avalanche (AVAX) and Near (NEAR) as the markets continue to build strength. Pseudonymous analyst Cantering Clark tells his 120,600 Twitter followers that he sees smart contract platform Avalanche making a big move after breaking its immediate resistance at $84. “AVAX waking up …

Ted Cruz introduces companion to Emmer’s bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of …

DeFi sector TVL rises as investors return to a bullish crypto market

The month of March has been a tale of two halves for the cryptocurrency market and the weakness seen since the start of the year has began to fade. Bitcoin’s (BTC) strong move above the $40,000 level is helping to lift sentiment across the sector, and DeFi tokens are also beginning to move upward.  Crypto …

Omnichain developer LayerZero Labs raises $135M

On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol. The round was led by notable venture …

Visa launches immersion program to help creators build their business with NFTs

Visa announced the official launch of the Visa Creator Program, a one-year product strategy and mentorship program for entrepreneurs working in art, music, fashion and film who seek to accelerate their small business through nonfungible tokens, or NFTs. According to Visa, the goal of the Creator Program is to bring together a global cohort of digital …

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