Month: March 2025

Privacy will unlock blockchain’s business potential

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Opinion by: Eran Barak, CEO at Midnight  It’s been almost 16 years since blockchain emerged from its esoteric fringes to enter global discourse, evidenced most recently by continued backing from Wall Street incumbents. Despite this remarkable ascendancy, the unfortunate truth is that this technology has yet to realize its true business potential. A core challenge persists: Too much sensitive data remains publicly unshielded. The crux of the issue is that companies must keep business data confidential, and people strive to safeguard their personal information as best they can. Once data…

How to buy Bitcoin in Australia

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Key takeaways Bitcoin is legal in Australia and is regulated by AUSTRAC and the Australian Taxation Office (ATO).  You can buy Bitcoin on various platforms, including centralized exchanges, decentralized exchanges (DEXs), P2P platforms and Bitcoin ATMs Payment options are diverse, including credit cards, debit cards, bank transfers and fiat cash deposits at ATMs Store your Bitcoin securely and opt for cold wallets, which protect you better than custodial wallets from crypto exchanges.  Bitcoin adoption continues to grow. More and more Australians are discovering the cryptocurrency as an investment vehicle, with…

Bitcoin price drops 3% on hot US PCE data as analyst says $84K must hold

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Bitcoin (BTC) sought a local bottom on March 28 while US inflation data came in higher than expected. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin wobbles as PCE comes in hot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $85,500 at the Wall Street open before reversing. Down over 3% on the day, the pair saw lows under $84,500 on Bitstamp, marking its lowest levels since March 23. The February print of the US Personal Consumption Expenditures (PCE) Index subsequently showed inflation quickening — in contrast to the…

Jelly token goes sour after $6M exploit on Hyperliquid

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Suspicious trading activity led decentralized exchange Hyperliquid to delist the Jelly-my-Jelly (JELLY) memecoin, with details of an exploit unraveling over the course of a few days.  The decentralized finance sector has already seen historic exploits in 2025, as the space struggles with issues of oversight and security. The Bybit hack saw North Korean hackers get away with $1.4 billion in February alone. The JELLY incident, in which a whale exploited the Hyperliquid exchange’s liquidation parameters, getting away with millions, is just the latest exploit to rock the industry.  Observers roundly…

Avalanche, Gelato launch enterprise sovereign chains for institutions

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Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption. Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM). Gelato emphasized that its service is ideal for advanced applications such as financial technology (fintech) requiring identity verification (KYC) and specialized gaming economies,…

Dog-eat-dog drama erupts in BNB Chain’s Broccoli token showdown

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Community members backing a Broccoli memecoin on BNB Chain are outraged, claiming their project was unfairly denied victory in the network’s liquidity support program. The BNB Chain Meme Liquidity Support Program, which kicked off on Feb. 18, offers $200,000 in permanent liquidity to the top-performing memecoins on the chain. But controversy erupted on day two of the competition on Feb. 19 when two memecoins — both inspired by Binance founder Changpeng Zhao’s dog Broccoli — went head-to-head. In the end, the Broccoli token ending in address “714” was declared the…

Is Bitcoin’s Bull Market Truly Back?

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Following a sharp multi-week selloff that dragged Bitcoin from above $100,000 to below $80,000, the recent price bounce has traders debating whether the Bitcoin bull market is truly back on track or if this is merely a bear market rally before the next macro leg higher. Bitcoin’s Local Bottom or Bull Market Pause? Bitcoin’s latest correction was deep enough to rattle confidence, but shallow enough to maintain macro trend structure. Price seems to have set a local bottom between $76K–$77K, and several reliable metrics are beginning to solidify the local…

Nasdaq seeks SEC approval for Grayscale’s Avalanche ETF listing

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US stock exchange Nasdaq submitted a filing to the US Securities and Exchange Commission (SEC) seeking permission to list Grayscale Investments’ spot Avalanche exchange-traded fund (ETF). The document, filed on March 27, asks for a rule change to list the Grayscale Avalanche Trust (AVAX). The derivative product in question would be a conversion of Grayscale Investments’ close-ended AVAX fund launched in August 2024. Grayscale said on its website that “its SEC-reporting Products present a strong case for uplisting when permitted by the U.S. regulatory environment.” The firm explained that, following…

XRP price may drop another 40% as Trump tariffs spook risk traders

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The XRP (XRP) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated US tariffs in April. XRP descending triangle pattern hints at 40% drop Since its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly chart, characterized by a flat support level mixed with a downward-sloping resistance line. A descending triangle pattern forming after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves…

Galaxy Digital to pay $200M over Terra promotion fallout

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Michael Novogratz’s crypto investment firm Galaxy Digital agreed to pay $200 million in a settlement related to its alleged promotion of the now-collapsed cryptocurrency Terra (LUNA) According to New York Attorney General’s Office documents filed on March 24, Galaxy Digital acquired 18.5 million LUNA tokens at a 30% discount, then promoted them before selling them without abiding by disclosure rules. The filing states: “Ultimately, Galaxy helped a little-known token increase its market price from $0.31 in October 2020 to $119.18 in April 2022, while profiting in the hundreds of millions…