Category: Cryptocurrency News

Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability.“The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism (ESM) managing director Pierre Gramegna said at a Eurogroup press conference on March 10. Gramegna cautioned that the US crypto pivot “could eventually reignite foreign and US tech giants’ plans to launch mass payment solutions based on dollar-denominated stablecoin,” adding, “And if this were to be successful, it could affect the euro area’s monetary sovereignty and financial stability.”  The ESM “supports the ECB’s urgency in making the digital euro a reality to safeguard Europe’s strategic autonomy — this digital euro is today more necessary than ever,” he added.The ESM is an intergovernmental organization established by member states of the euro area, helping countries overcome financial crises and maintain long-term financial stability and prosperity.Pierre Gramegna speaking on US crypto threat. Source: YouTube“Policy developments in other jurisdictions can have important consequences for us here in Europe,” concurred Irish finance minister Paschal Donohoe. “These discussions are fundamentally linked to our own autonomy and to the resilience of our currency,” he added, stating that a European central bank digital currency (CBDC) was now critical to staying ahead of the curve.In February, the European Central Bank said it was expanding the development of its CBDC payment system to settle transactions between institutions. The ECB has been exploring CBDCs since 2020, including a consumer-facing retail digital euro and wholesale cross-border settlement between central banks.Meanwhile, Trump has spoken out against a Federal Reserve CBDC, signing an executive order in January to establish a crypto working group while prohibiting the “establishment, issuance, circulation, and use” of a US CBDC. Related: Crypto academics slam controversial ECB paper blasting BitcoinThe ECB has also rejected the idea of adding Bitcoin (BTC) to its monetary reserves or allowing other European central banks to do so. In late January, ECB President Christine Lagarde said that the reserves of central banks have to be “liquid, secure and safe,” implying that they would not include crypto assets. She added that she was “confident” that Bitcoin would not enter the reserves of banks under the European Council. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

Finance officials in the European Union are concerned US President Donald Trump’s embrace of digital assets could affect Europe’s monetary sovereignty and financial stability.“The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism (ESM) managing director Pierre Gramegna said at a Eurogroup press conference on March 10. Gramegna cautioned that the US crypto pivot “could eventually reignite foreign and US tech giants’ plans to launch mass payment solutions based on dollar-denominated stablecoin,” adding, “And if this were to be successful, it could affect the euro area’s monetary sovereignty and financial stability.”  The ESM “supports the ECB’s urgency in making the digital euro a reality to safeguard Europe’s strategic autonomy — this digital euro is today more necessary than ever,” he added.The ESM is an intergovernmental organization established by member states of the euro area, helping countries overcome financial crises and maintain long-term financial stability and prosperity.Pierre Gramegna speaking on US crypto threat. Source: YouTube“Policy developments in other jurisdictions can have important consequences for us here in Europe,” concurred Irish finance minister Paschal Donohoe. “These discussions are fundamentally linked to our own autonomy and to the resilience of our currency,” he added, stating that a European central bank digital currency (CBDC) was now critical to staying ahead of the curve.In February, the European Central Bank said it was expanding the development of its CBDC payment system to settle transactions between institutions. The ECB has been exploring CBDCs since 2020, including a consumer-facing retail digital euro and wholesale cross-border settlement between central banks.Meanwhile, Trump has spoken out against a Federal Reserve CBDC, signing an executive order in January to establish a crypto working group while prohibiting the “establishment, issuance, circulation, and use” of a US CBDC. Related: Crypto academics slam controversial ECB paper blasting BitcoinThe ECB has also rejected the idea of adding Bitcoin (BTC) to its monetary reserves or allowing other European central banks to do so. In late January, ECB President Christine Lagarde said that the reserves of central banks have to be “liquid, secure and safe,” implying that they would not include crypto assets. She added that she was “confident” that Bitcoin would not enter the reserves of banks under the European Council. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest

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XRP price started a fresh recovery wave from the $1.90 zone. The price is now consolidating and might struggle to clear the $2.10 resistance zone. XRP price started a fresh decline from the $2.250 resistance zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.06 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.10 resistance zone. XRP Price Dips Further XRP price started a fresh decline after it failed to clear the $2.250 zone, like Bitcoin and Ethereum. The price declined below the $2.10 and $2.050 support levels. The bears even pushed the price below $2.00. A low was formed at $1.90 and the price is now attempting to recover. There was a move above the $1.950 and $1.980 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.260 swing high to the $1.90 low. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.060 level. There is also a connecting bearish trend line forming with resistance at $2.06 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.080 level or the 50% Fib retracement level of the downward move from the $2.260 swing high to the $1.90 low. The next resistance is $2.120. A clear move above the $2.120 resistance might send the price toward the $2.1750 resistance. Any more gains might send the price toward the $2.20 resistance or even $2.250 in the near term. The next major hurdle for the bulls might be $2.450. Another Decline? If XRP fails to clear the $2.080 resistance zone, it could start another decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.90 level. If there is a downside break and a close below the $1.850 level, the price might continue to decline toward the $1.80 support. The next major support sits near the $1.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.950 and $1.900. Major Resistance Levels – $2.080 and $2.1750.

Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11.Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred to a warm wallet, according to blockchain analytics firm Lookonchain, citing Arkham Intelligence data. The transfer cost Mt. Gox just $2.13.Transaction details of Mt. Gox’s $931 million transfer. Source: Arkham IntelligenceIt comes less than a week after Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. Arkham noted that $15 million of those funds were sent to BitGo — one of the custodians facilitating Mt. Gox’s creditor repayments.Blockchain analytics firm Spot On Chain said the 332 Bitcoin that recently went into the warm wallet may also be moved to assist with the repayments.The movement coincided with a 2.4% price fall for Bitcoin to $76,784 over 30 minutes, CoinGecko data shows, retreating to November prices when the market was rallying on the back of US President Donald Trump’s election win.While Bitcoin recovered from the slump to $79,275 soon after, Maelstrom chief investment officer Arthur Hayes advised investors to “be fucking patient” in a March 11 X post in which he predicted Bitcoin would bottom around the $70,000 mark.Source: Arthur HayesRelated: Bitcoin may benefit from US stablecoin dominance pushMt. Gox’s main wallets now only hold 24,411 Bitcoin — worth $1.94 billion — after it started offloading around $9.2 billion worth of Bitcoin in June 2024, Spot On Chain data shows.Mt. Gox’s change in Bitcoin holdings since 2015. Source: Spot On ChainLast October, the defunct crypto exchange extended its deadline to fully repay its creditors, saying it would do so by Oct. 31, 2025.Mt. Gox was the largest Bitcoin exchange between 2010 and 2014 — handling around 70-80% of Bitcoin trades before it collapsed from a hack that saw up to 850,000 Bitcoin stolen from the Tokyo-based platform.Magazine: Train AI agents to make better predictions… for token rewards

Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11.Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred to a warm wallet, according to blockchain analytics firm Lookonchain, citing Arkham Intelligence data.The transfer cost Mt. Gox just $2.13.Transaction details of Mt. Gox’s $931 million transfer. Source: Arkham IntelligenceIt comes less than a week after Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. Arkham noted that $15 million of those funds were sent to BitGo — one of the custodians facilitating Mt. Gox’s creditor repayments.Blockchain analytics firm Spot On Chain said the 332 Bitcoin that recently went into the warm wallet may also be moved to assist with the repayments.The movement coincided with a 2.4% price fall for Bitcoin to $76,784 over 30 minutes, CoinGecko data shows, retreating to November prices when the market was rallying on the back of US President Donald Trump’s election win.While Bitcoin recovered from the slump to $79,275 soon after, Maelstrom chief investment officer Arthur Hayes advised investors to “be fucking patient” in a March 11 X post in which he predicted Bitcoin would bottom around the $70,000 mark.Source: Arthur HayesRelated: Bitcoin may benefit from US stablecoin dominance pushMt. Gox’s main wallets now only hold 24,411 Bitcoin — worth $1.94 billion — after the exchang started offloading around $9.2 billion worth of Bitcoin in June 2024, Spot On Chain data shows.Mt. Gox’s change in Bitcoin holdings since 2015. Source: Spot On ChainLast October, the defunct crypto exchange extended its deadline to fully repay its creditors, saying it would do so by Oct. 31, 2025.Mt. Gox was the largest Bitcoin exchange between 2010 and 2014 — handling around 70-80% of Bitcoin trades before it collapsed from a hack that saw up to 850,000 Bitcoin stolen from the Tokyo-based platform.Magazine: Train AI agents to make better predictions… for token rewards

Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11.Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred to a warm wallet, according to blockchain analytics firm Lookonchain, citing Arkham Intelligence data.The transfer cost Mt. Gox just $2.13.Transaction details of Mt. Gox’s $931 million transfer. Source: Arkham IntelligenceIt comes less than a week after Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. Arkham noted that $15 million of those funds were sent to BitGo — one of the custodians facilitating Mt. Gox’s creditor repayments.Blockchain analytics firm Spot On Chain said the 332 Bitcoin that recently went into the warm wallet may also be moved to assist with the repayments.The movement coincided with a 2.4% price fall for Bitcoin to $76,784 over 30 minutes, CoinGecko data shows, retreating to November prices when the market was rallying on the back of US President Donald Trump’s election win.While Bitcoin recovered from the slump to $79,275 soon after, Maelstrom chief investment officer Arthur Hayes advised investors to “be fucking patient” in a March 11 X post in which he predicted Bitcoin would bottom around the $70,000 mark.Source: Arthur HayesRelated: Bitcoin may benefit from US stablecoin dominance pushMt. Gox’s main wallets now only hold 24,411 Bitcoin — worth $1.94 billion — after the exchang started offloading around $9.2 billion worth of Bitcoin in June 2024, Spot On Chain data shows.Mt. Gox’s change in Bitcoin holdings since 2015. Source: Spot On ChainLast October, the defunct crypto exchange extended its deadline to fully repay its creditors, saying it would do so by Oct. 31, 2025.Mt. Gox was the largest Bitcoin exchange between 2010 and 2014 — handling around 70-80% of Bitcoin trades before it collapsed from a hack that saw up to 850,000 Bitcoin stolen from the Tokyo-based platform.Magazine: Train AI agents to make better predictions… for token rewards

Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11.Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred to a warm wallet, according to blockchain analytics firm Lookonchain, citing Arkham Intelligence data.The transfer cost Mt. Gox just $2.13.Transaction details of Mt. Gox’s $931 million transfer. Source: Arkham IntelligenceIt comes less than a week after Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. Arkham noted that $15 million of those funds were sent to BitGo — one of the custodians facilitating Mt. Gox’s creditor repayments.Blockchain analytics firm Spot On Chain said the 332 Bitcoin that recently went into the warm wallet may also be moved to assist with the repayments.The movement coincided with a 2.4% price fall for Bitcoin to $76,784 over 30 minutes, CoinGecko data shows, retreating to November prices when the market was rallying on the back of US President Donald Trump’s election win.While Bitcoin recovered from the slump to $79,275 soon after, Maelstrom chief investment officer Arthur Hayes advised investors to “be fucking patient” in a March 11 X post in which he predicted Bitcoin would bottom around the $70,000 mark.Source: Arthur HayesRelated: Bitcoin may benefit from US stablecoin dominance pushMt. Gox’s main wallets now only hold 24,411 Bitcoin — worth $1.94 billion — after the exchang started offloading around $9.2 billion worth of Bitcoin in June 2024, Spot On Chain data shows.Mt. Gox’s change in Bitcoin holdings since 2015. Source: Spot On ChainLast October, the defunct crypto exchange extended its deadline to fully repay its creditors, saying it would do so by Oct. 31, 2025.Mt. Gox was the largest Bitcoin exchange between 2010 and 2014 — handling around 70-80% of Bitcoin trades before it collapsed from a hack that saw up to 850,000 Bitcoin stolen from the Tokyo-based platform.Magazine: Train AI agents to make better predictions… for token rewards

Rwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies the Capital Markets Authority (CMA) as the regulatory authority overseeing the virtual […]

Michael Saylor, co-founder and chairman of Strategy (formerly Microstrategy), is intensifying efforts to acquire Bitcoin (BTC) by tapping into capital markets, announcing plans to issue up to $21 billion in preferred stock.  Strategy Plans Major Sale Of Preferred Shares According to Bloomberg, the new offering will consist of 8% series A perpetual-strike preferred shares, which are convertible into class A common stock. The company plans to sell these shares through an “at the market offering” program, allowing for flexibility in timing and pricing.  This approach builds on a previous successful effort in January, when Strategy raised $563 million by issuing preferred shares priced at $80 each, which were offered at a discount to their market value. Related Reading: Dogecoin Crash? Analyst Predicts Drop To $0.12 Before Rebound Preferred stocks are unique hybrid securities that combine features of both equity and debt, offering investors a fixed dividend while providing a claim on company assets. The favorable terms of the January deal reportedly attracted significant investor interest, contributing to a strong performance of the newly issued shares. Since late October, Strategy has been actively acquiring Bitcoin, and the latest capital raise is part of a broader strategy to secure $42 billion over the next few years through various securities offerings.  This includes a focus on selling fixed-income securities while managing common stock sales to fund additional BTC purchases. Currently, the firm holds approximately 499,096 Bitcoin, valued at around $42 billion. Shares Drop 10% Amid Bitcoin Crash Despite this purchase plan, Strategy reported that it did not purchase any Bitcoin between March 3 and March 9, according to a filing with the US Securities and Exchange Commission.  This pause comes amid a fluctuating cryptocurrency market, where the market’s leading crypto, BTC, recently trades at $79,000 down 4.5% for the day and approximately 18% on the monthly time frame. The preferred stock market has seen varied performance; while the shares climbed 18% from their initial pricing, they faced a decline of over 6% in a recent trading session as the supply increased.  Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break Despite this fluctuation, the preferred shares have outperformed common stock and Bitcoin over the same period, suggesting a robust demand from investors. As seen in the daily chart below, shares of Strategy (MSTR), also experienced a drop of around 15% to $238 on Monday, reflecting broader market trends that have seen the company’s stock down approximately 10% this year.  In contrast, shares have surged over 2,200% since Saylor began investing in Bitcoin as an inflation hedge in 2020, while Bitcoin itself has risen over 600%. The announcement of Strategy’s plans coincided with recent developments from the US government. President Donald Trump signed an executive order to create a strategic US Bitcoin reserve, which will be funded through cryptocurrencies forfeited in legal proceedings.  Featured image from DALL-E, chart from TradingView.com