BTC price action snatches at $30,000, but Bitcoin market participants dismiss it as a "deviation" at range highs.
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Bitcoin spikes above $29K as 'fakeout' fuels BTC price strength doubts
Bitcoin (BTC) set new nine-month highs overnight on March 30 as traders continued to stay cautious.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Deviation" takes BTC price closer to $30,0
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $29,170 on Bitstamp.
A rejection entered almost immediately, sending the pair back to its starting point and causing already suspicious market participants to call a “fakeout.”
“Nothing has changed- yea we got a nice little pop above the highs but this was expected,” popular trader Credible Crypto wrote in part of a Twitter reaction, calling the move a “deviation.”
BTC/USD annotated chart. Source: Credible Crypto/ TwitterFellow trader Crypto Chase likewise applied the “deviation” tag, calling for $29,000 to hold in order to consider long positions.
Thai SEC wants to lift restrictions on initial coin offerings
The latest proposal by the SEC of Thailand follows a series of regulatory changes targeting the digital asset market in the country.
Crypto donations to surpass $10B in a decade: The Giving Block
The Giving Block reported that in the last year, USDC took 44% of the crypto donation volume, ETH took 24%, and BTC got 17% within its charity platform.
Crypto donations to surpass $10B in a decade: The Giving Block
The Giving Block reported that in the last year, USDC took 44% of the crypto donation volume, ETH took 24%, and BTC got 17% within its charity platform.
From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation
The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to ‘study Bitcoin.’
From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation
The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to ‘study Bitcoin.’
Government requests for user data from Big Tech increased by 25%: Report
Requests for user data from Big Tech companies such as Apple, Google and Microsoft continue to rise year after year from governments around the world.
Revolut not happy with how fintech deals with audit red flags: Report
Revolut reportedly issued a public statement and hired lawyers in March in order to prove “misreporting” of the audit opinion by BDO.
Axie Infinity creator works with studios to push Web3 adoption through new games
Sky Mavis head of business development Kathleen Osgood told Cointelegraph that their goal is to onboard as many people into the ecosystem as possible.
Blockchain and regulated stablecoins to be widely used by 2030, industry execs say
Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi
Blockchain and regulated stablecoins to be widely used by 2030, industry execs say
Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi
DeFi KYC: Not an issue as ‘99% have nothing to hide,’ industry execs say
Traditional finance observes “money laundering happening every day” despite rigorous KYC measures, according to DeFi industry execs.
OKX seeks Australian expansion citing 'huge appetite' for crypto
Seychelles-based crypto exchange OKX has signaled its intention to expand its crypto services to Australia, a country it believes is primed to take on the next wave of crypto adoption.
The trading platform explained in a March 29 statement that Australia would be a key growth market for the firm moving forward. The firm states it provides services to over 100 countries. In July 2022, it secured a provisional license in Dubai.
"We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office,” the firm wrote in a statement.
Haider Rafique, the chief marketing officer of OKX told Cointelegraph that the decision to expand "Down Under" was driven by a “huge appetite” of Australians for more crypto investment and trading products:
“What I’ve interestingly found over the last 5-6 years is that Australian retail investors certainly show a huge appetite for exploring crypto as an investment vehicle and also for trading. When I came to OKX, I certainly saw that in terms of web traffic and people from Australia trying to explore OKX services.”
OKX seeks Australian expansion citing 'huge appetite' for crypto
The exchange's chief marketing officer believes Australians are above-the-curve when it comes to crypto education and interest.
Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council advisor
Crypto Council for Innovation advisor Sean Lee said more education is needed for policymakers and financial regulators.
SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'
SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”
Bitcoin price briefly hits $29K despite regulatory crackdowns
Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,132.82 on March 30, clocking a new high for 2023.
FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed
The creditor's committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay.
Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot.
Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.
“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.
EVE Online, MapleStory to get Web3 treatment
While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.
