No.93983 <> 93983 <> 93983 <> 0 <> <> 2024”N03ŒŽ27“ú(…) 15Žž48•ª16•b <> 1711522096 <> CDailyAmula <> cforday@inbox.lv <> <> Crypto Highlights [Sunday, March 25] <> Binance, one of the world's largest cryptocurrency exchanges, is currently facing intense scrutiny after a presidential adviser in Nigeria called for a ban on the platform. With a rising popularity of cryptocurrencies in Nigeria, concerns regarding the unregulated nature of these digital assets have prompted this call. As Binance under scrutiny: calls for Nigerian ban intensify, authorities are evaluating the potential risks associated with cryptocurrency trading, ultimately aiming to protect the Nigerian people from potential financial scams and fraud. This development raises significant questions about the future of cryptocurrencies in Nigeria and the role Binance plays in this dynamic landscape. <a href=https://cryptoforday.com/binance-under-scrutiny-calls-for-nigerian-ban>Binance under Scrutiny: Calls for Nigerian Ban</a>. Following the executive order signed by President Biden, the <a href=https://cryptoforday.com/biden-administrations-key-ai-actions-post-executive-order>Biden Administration's Key AI Actions Post-Executive Order</a> have been announced, marking a significant step towards harnessing the potential of artificial intelligence. These actions aim to prioritize research and development, enhance AI leadership globally, and address concerns around ethics and fairness in AI applications. By investing in AI innovation, promoting collaboration with industry leaders, and prioritizing public engagement, the administration seeks to harness the power of AI to drive economic growth, improve public services, and address societal challenges while ensuring the responsible and ethical use of this transformative technology. <a href=https://cryptoforday.com/merlin-chain-founder-believes-bitcoin-requires-layer-2-networks-more-than-ethereum>Merlin Chain Founder Believes Bitcoin Requires Layer-2 Networks More Than Ethereum</a> According to the founder of Merlin Chain, the growing popularity of decentralized finance (DeFi) has placed a strain on the Ethereum network, leading to scalability issues and high fees. However, the founder argues that Bitcoin requires layer-2 networks even more than Ethereum. With its limited transaction capacity and slow confirmation times, Bitcoin struggles to keep up with the increasing demand for fast and efficient transactions. Layer-2 solutions such as the Lightning Network can provide the necessary scalability and lower fees for Bitcoin, allowing it to compete with other cryptocurrencies in terms of usability and user experience. Therefore, the founder believes that implementing layer-2 networks is crucial for Bitcoin's long-term success and adoption. The implementation of the EU Data Act poses a concerning risk for the future of crypto innovation within the European Union, as it may inadvertently trigger an exodus of groundbreaking projects towards overseas destinations. The <a href=https://cryptoforday.com/eu-data-act-and-crypto-innovation-potential-overseas-exodus>EU Data Act and Crypto Innovation: Potential Overseas Exodus</a> emphasizes the passporting of data, which could severely hamper the development and advancement of cryptographic technology. By imposing strict regulations on data transfers, the EU risks stifling its own potential to become a global leader in this rapidly evolving field. As companies fear the burden of compliance and the potential for limited innovation opportunities, they may be driven to seek more favorable environments outside the EU. Consequently, if not carefully navigated, the EU Data Act could inadvertently drive away innovative crypto projects, leaving the European Union lagging behind in the race for technological advancements and economic growth. <a href=https://cryptoforday.com/crypto-biz-updates-microstrategy-increases-bitcoin-holdings-ether-etfs-delayed>Crypto Biz Updates: MicroStrategy Increases Bitcoin Holdings, Ether ETFs Delayed</a>. In a bold move, MicroStrategy, the business intelligence firm, has decided to double down on Bitcoin by increasing its holdings. The company believes in the long-term potential of the cryptocurrency and sees it as an attractive store of value. This development comes as Ether ETFs face delays in their approval process. Despite growing interest in a potential Ether ETF, regulatory hurdles and concerns surrounding market manipulation have caused delays. Investors eagerly await further progress on this front, hoping for the advent of new investment vehicles that can provide exposure to the second-largest cryptocurrency. Google has been slapped with a hefty fine of 250 million euros by the French watchdog, as it found the tech giant guilty of infringing on intellectual property rights through its AI technology. In a landmark ruling, the French regulatory body highlighted that Google had unlawfully used copyrighted material and patented innovations without permission. This substantial penalty serves as a stern warning that even the tech industry's most prominent players are not exempt from adhering to intellectual property laws. The decision marks a significant milestone in safeguarding innovation and protecting the rights of creators. <a href=https://cryptoforday.com/google-fined-250m-euros-for-ai-ip-infringement-by-french-watchdog>Google Fined 250M Euros for AI IP Infringement by French Watchdog</a>. <a href=0>CoreScintific Rakes in $812M in BTC Mining in 2023</a>. CoreScintific, the prominent Bitcoin mining firm, has achieved remarkable success in the year 2023 by mining a staggering $812 million worth of BTC. After relentless efforts and cutting-edge mining technology, CoreScintific has managed to emerge as a major player in the crypto mining industry, solidifying its position as a leading force. With its unwavering dedication and commitment, CoreScintific has indeed raked in an impressive sum of $812 million in BTC mining, establishing itself as an influential entity in the ever-evolving world of cryptocurrencies. <a href=https://cryptoforday.com/ethereums-rally-to-2-5k-strengthened-by-network-and-macroeconomic-factors>Ethereum's Rally to $2.5K: Strengthened by Network and Macroeconomic Factors</a>. Ethereum's rally to $2.5K has been strengthened by a combination of network strengths and macroeconomic factors. The Ethereum network has seen immense growth and development, with its scalability improvements and upgrade plans such as Ethereum 2.0 attracting investor confidence and driving the price upwards. Furthermore, macroeconomic factors such as increased institutional interest, the rising popularity of decentralized finance (DeFi), and a broader market uptrend have all contributed to Ethereum's impressive rally. As investors seek alternative investment opportunities and hedge against inflation, Ethereum's capabilities as a programmable blockchain and its potential for innovation have positioned it as a top choice, further enhancing its value in the market. <a href=https://cryptoforday.com/memecoin-traders-8-9m-profit-in-an-hour-sparks-insider-claims>Memecoin Trader's $8.9M Profit in an Hour Sparks 'Insider' Claims</a>. In a shocking turn of events, a memecoin trader has reportedly made an astonishing $8.9 million profit within just one hour, leaving many questioning whether there was inside information involved. The unprecedented success has raised suspicions among traders and experts, who are now questioning the legitimacy of the gains. While some argue it could be a stroke of exceptional luck, others are pointing towards possible insider trading. As regulatory bodies analyze the situation, the memecoin market and its players find themselves plunged into a whirlwind of scrutiny and speculation. Gemini, the renowned cryptocurrency exchange, had meticulously contemplated the possibility of embarking on an awe-inspiring journey with Genesis, a leading digital asset lender, in hopes of establishing an unassailable force in the industry. Strategizing intricate plans and envisioning unparalleled success, Gemini's potential juggernaut partnership with Genesis was poised to revolutionize the crypto landscape. However, these ambitious aspirations were abruptly shattered, disintegrating like wisps of smoke, as unforeseen circumstances unfolded. The once-promising alliance, destined to reshape the future of digital currencies, was now reduced to mere conjecture and bittersweet what-ifs. Alas, Gemini's potential juggernaut partnership with Genesis goes up in smoke, leaving behind a trail of unfulfilled potential and shattered dreams. <a href=https://cryptoforday.com/geminis-potential-juggernaut-partnership-with-genesis-goes-up-in-smoke>Gemini's Potential Juggernaut Partnership with Genesis Goes Up in Smoke</a>. Coinbase, the renowned cryptocurrency exchange, has recently announced its plans to raise a staggering $1 billion through a round of convertible notes. This strategic move solidifies Coinbase's commitment to expansion and innovation in the ever-evolving blockchain industry. With the objective of funding potential acquisitions, enhancing its infrastructure, and exploring new ventures, Coinbase's $1 billion offering in convertible notes presents an enticing opportunity for investors to partake in the digital currency revolution, further propelling the company's growth and impact in the global market. <a href=https://cryptoforday.com/coinbases-1-billion-offering-in-convertible-notes>Coinbase's $1 Billion Offering in Convertible Notes</a>. In a significant turn of events, the former CFO of Terraform Labs, Han Chang-joon, has been extradited to South Korea. After a lengthy legal battle, authorities successfully obtained his extradition, marking a significant victory for the country's justice system. The ex-CFO's extradition is linked to allegations of financial misconduct during his tenure at Terraform Labs, a high-profile technology company. With Han Chang-joon's return, South Korean authorities hope to conduct a thorough investigation, shedding light on the alleged misconduct and ensuring accountability for any financial irregularities that may have occurred. <a href=https://cryptoforday.com/ex-cfo-of-terraform-labs-extradited-to-south-korea>Ex-CFO of Terraform Labs Extradited to South Korea</a>. Tether's successful 2023 and the withdrawal of Global X's Bitcoin ETF filing have marked significant developments in the world of cryptocurrency. Tether, the world's largest stablecoin, has recently celebrated a bumper year in 2023, further solidifying its position as a key player in the crypto industry. Its success can be attributed to its commitment to maintaining a stable value tied to the US dollar, providing investors with a reliable and secure digital asset. Conversely, Global X's decision to withdraw their Bitcoin ETF filing may reflect the challenges faced by firms seeking regulatory approval for such products. Despite this setback, the cryptocurrency market continues to evolve, and investors eagerly await future opportunities for the mainstream adoption of digital assets. <a href=https://cryptoforday.com/tethers-successful-2023-bitcoin-etf-filing-withdrawn>Tether's Successful 2023 & Bitcoin ETF Filing Withdrawn</a>. BlackRock and ProShares Bitcoin ETFs have emerged as formidable contenders, overtaking GBTC's daily trading volume in a compelling turn of events. As the anticipation surrounding cryptocurrency continues to soar, it is evident that investors are gravitating towards these new offerings, showcasing their confidence in the benefits offered by the ETF structure. This development is a testament to the growing relevance of institutional players in the crypto space, with BlackRock and ProShares leading the way as prominent institutions that are successfully tapping into the massive potential of Bitcoin. The phrase that encapsulates this shift is clear: <a href=https://cryptoforday.com/blackrock-and-proshares-bitcoin-etfs-outpace-gbtc-in-daily-trading>BlackRock and ProShares Bitcoin ETFs Outpace GBTC in Daily Trading</a>, affirming a new era for cryptocurrency investments. <> <> 001
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