Day: March 24, 2025

Democrats Propose More Bad Bitcoin And Crypto Regulation

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On Friday, Maryland Delegate Adrian Boafo (D) and New York Assemblyman Clyde Vanel (D) sent a joint letter to Democratic Congressional leaders urging them to pass comprehensive crypto legislation at the federal level. In the letter, the elected officials cited New York State as being a leader in crypto regulation and proposed that New York’s BitLicense be used as a model for what federal crypto regulation should look like. The letter’s authors also noted that New York State has placed a two-year moratorium on proof-of-work cryptocurrency mining that uses fossil…

Is This The Way Before Hyperbitcoinization?

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Lava has developed a self-custodial Bitcoin borrowing platform. Unlike traditional crypto loan services that take custody of users’ assets (and sometimes engage in risky practices like rehypothecation), Lava is self-custodial and leverages native bitcoin smart contracts (DLCs) to enable a more secure borrowing experience. The platform’s primary product is the Lava Vault, available on mobile and desktop, which serves as a secure, self-custodial wallet and borrowing interface. It uses advanced security features, such as device-based secure chips for private key management and biometric/two-factor authentication, to ensure user funds remain safe.…

Trump-backed World Liberty Financial tests USD1 stablecoin on BNB Chain

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Key Takeaways World Liberty Financial launched the USD1 stablecoin on BNB Chain. The project is working on three products, including a lending and borrowing market. Share this article World Liberty Financial (WLFI), a DeFi project backed by President Trump and his sons, has tested a new stablecoin called USD1 on the BNB Chain, according to on-chain data tracked by Lookonchain. Trump’s World Liberty (@worldlibertyfi) has deployed a stablecoin, $USD1, on @BNBChain. And #Wintermute‘s public wallet appears to have run some test transfers with #USD1. https://t.co/lgH9DWJ8uJ pic.twitter.com/H1ZJAiktYm — Lookonchain (@lookonchain) March…

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

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Bitcoin (BTC) rose 4.25% last week to close above $86,000, and the bulls extended the recovery above $88,700 on March 24. 10x Research founder Markus Thielen said in a March 23 report that Bitcoin’s reversal indicators had turned positive, suggesting a “renewed uptrend.” Buyers seem to be returning to the markets. According to SoSoValue data, US Spot Bitcoin exchange-traded funds (ETFs) witnessed net inflows of $744.4 million last week after recording five consecutive weeks of outflows. However, Ether ETFs could not replicate a similar performance as they witnessed a fourth…

What to expect at Paul Atkins’ SEC confirmation hearing

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Former US Securities and Exchange Commission (SEC) member Paul Atkins is scheduled to appear before lawmakers in the Senate Banking Committee on March 27 as part of the Trump administration’s efforts to get the president’s picks into high-level government positions. Since US President Donald Trump took office on Jan. 20, the SEC, under the leadership of acting chair Mark Uyeda, has dropped several investigations and enforcement actions against major crypto firms, many of which had been in court for months or years. Many analysts see the SEC’s recent actions as…

Bitcoin price pumps, but will BTC break $92K anytime soon?

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Bitcoin (BTC) price surged by 3% on March 24, distancing from its $76,900 low on March 11 despite failing to sustain the $88,000 level. Now, traders are wondering what factors could drive Bitcoin’s daily close above $92,000, which last occurred on March 3. Adding to cryptocurrency investors’ frustration, gold is trading just 1% below its record high of $3,057, while Bitcoin price trades 19% away from its all-time high. S&P 500 futures (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph Some analysts attribute Bitcoin’s recent price gains to the US-listed…

Bitcoin must reclaim this key 2025 level to avoid new lows — Research

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Bitcoin (BTC) neared $90,000 at the March 24 Wall Street open as analysis warned of “conflicting signs and signals.” BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price daily gains near 3% in risk-asset relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $88,772 on Bitstamp — its highest levels since March 7. Bitcoin followed stocks by opening the week higher after almost a month of sell-side pressure. The S&P 500 and Nasdaq Composite index were up 1.6% and 2%, respectively, at the time of writing. Commenting, trading resource The…

Tabit offers USD insurance policies backed by Bitcoin regulatory capital

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Barbados-based insurer Tabit has raised $40 million in Bitcoin for its insurance facility, in a move the company said would bolster its balance sheet and allow the insurance sector to capitalize on digital assets. Tabit’s Bitcoin (BTC) regulatory capital will be used to back traditional insurance policies, which are all denominated in US dollars, the company disclosed in a March 24 announcement.  Tabit claims to be the first property and casualty insurer to hold its entire regulatory reserve in BTC. The company was founded by former executives of Bittrex, a…

Tabit Insurance Raises $40 Million Bitcoin-Funded Insurance Facility

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Tabit Insurance SCC has announced the capitalization of a $40 million insurance facility, funded entirely in Bitcoin, according to a press release sent to Bitcoin Magazine. This marks the first time a property and casualty (P&C) insurer has held all of its regulatory reserves in BTC while continuing to denominate its insurance policies and premiums in U.S. dollars. The company expressed the benefits of its funding approach, allowing regulators and auditors to verify reserves in real time. According to Tabit, its use of BTC as capital is intended to provide…

Ethereum down 57% from its all-time high, but it’s still worth more than Toyota

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Ether is trading at around half its all-time high price, but the Ethereum network is still valued higher than some of the world’s most prominent companies. Ether (ETH) traded at roughly $2,088 at the time of writing amid continued exchange-traded fund (ETF) outflows, down over 57% from its all-time high of nearly $4,900 set in mid-November 2021, according to CoinMarketCap data. Despite this decline, Ethereum maintains a market capitalization of nearly $252 billion, surpassing global corporations such as Toyota ($250 billion) and the total market value of the precious metal…