Crypto

While geopolitical tension and weak labor data are hurting market sentiment, institutional buying below $75,000 may soon exhaust sellers and spark a bull run. Bitcoin (BTC) failed to break beyond $71,000 on Thursday, partially driven by the decline in the US stock market, with BTC funding rates dropping deeper into negative territory. Key takeaways: Bitcoin bears show high conviction as funding rates drop, but steady institutional buying keeps sellers in check. Read more

AI pressure points in tech labor are real, and Bitcoin will feel them through macro, not mystique After years of claims that AI will cause chaos in the labor market, sentiment seems to be at an all-time low around AI layoffs, with social media accounts surfacing to track how fast white-collar tech work is already […] The post AI is now “stealing” thousands of jobs a month from humans – but is it as bad as we all feared? appeared first on CryptoSlate.

US lawmakers are eyeing tax exemptions for US dollar stablecoins, which are pegged and do not change in value, but not other cryptocurrencies. Executives at Coinbase have denied allegations that the crypto exchange is blocking a de minimis tax exemption for Bitcoin (BTC) transactions below a certain threshold to push for stablecoin tax exemptions. Several Bitcoin advocates speculated on social media that the exchange told US lawmakers that a BTC tax exemption is not needed because BTC is not widely used as a medium of exchange. Coinbase CEO Brian Armstrong responded by calling the allegations “totally false” and a form of misinformation. Read more

Nvidia released its most capable open-weight model yet and revealed plans to spend $26 billion over five years building frontier open models—a direct challenge to Chinese AI dominance.

A surge in tokenized finance is driving demand for systems that reconcile blockchain transactions for audits and reporting, pushing digital asset accounting into focus. Cryptio, an accounting and data platform focused on regulated digital assets, has raised $45 million in a Series B funding round, highlighting growing demand for tools that help financial institutions reconcile and report blockchain-based transactions within traditional accounting systems. The round was co-led by venture firms BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, Alven and Ledger Cathay Capital.  Cryptio develops software that helps companies reconcile activity across wallets, custodians and exchanges, translating blockchain transaction data into accounting records used for financial reporting, audits and compliance. Read more

Optimism developer OP Labs is letting go of 20 employees to help it narrow focus amid shifts in the broader Ethereum landscape.

Bitcoin has risen 7% since the U.S.-Iran conflict began, beating gold and the Nasdaq 100, according to Arthur Hayes.

Investigators said the service infected thousands of routers and enabled fraud including crypto account takeovers.

Illicitly traded gold from the Amazon Basin is increasingly being bought in Venezuela using the USDT stablecoin, according to a new report.

Bitcoin is beating gold and stocks since the crisis began—and institutions are taking notice.

A looming private credit crisis risked triggering liquidity crunches that could initially suppress Bitcoin prices, but Fed interventions may ignite a major BTC rally. There is a growing risk that a looming crisis in the private credit market, fueled by rising redemptions and defaults, could spill over into Bitcoin (BTC) and crypto markets, according to analysts. Key takeaways: The $2 trillion private credit sector faces a crisis from defaults, redemptions, and limited oversight. Read more

The lawsuit claims JPMorgan Chase should have done more to prevent a customer from allegedly pulling off a massive crypto fraud.

The funding will support development of a programmable execution layer designed to enable faster issuance and settlement of digital assets on the network. Tether’s investment arm has invested in Ark Labs, the developer of the programmable Bitcoin infrastructure Arkade, as part of a $5.2 million funding round to expand stablecoin capabilities on the Bitcoin network. According to Thursday’s announcement from Ark Labs, the investment is intended to support infrastructure that enables stablecoins such as USDT (USDT) to be issued, transferred and settled more efficiently on Bitcoin (BTC). The Lugano, Switzerland-based startup is developing an execution layer designed to support instant and programmable transactions on Bitcoin. The funding round brings the company’s total funding to $7.7 million. Read more

“This ends today,“ said CFTC Chair Michael Selig, who has been reiterating his position that the agency has exclusive jurisdiction overseeing prediction markets platforms. Update (March 12 at 8:56 pm UTC): This article has been updated to include comments from CME Group Chief Executive Terry Duffy. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), has proposed a rule that could amend or issue new regulations over event contracts on prediction markets platforms like Kalshi and Polymarket. In a Thursday notice, the CFTC issued a staff advisory classifying event contracts on prediction markets as a “financial asset class.” The regulator also submitted an Advanced Notice of Proposed Rulemaking to be published in the Federal Register, asking for public comment on how the Commodity Exchange Act (CEA) would apply to prediction markets. Read more

Why crypto still hasn’t solved a single everyday problem, argues VerifiedX’s Pollak.

One analyst believes that SOL below $90 is a "phenomenal offer."

The United States spent in the first six days of its war with Iran an amount equal to nearly half the current market value of the Bitcoin held by the federal government. The administration told lawmakers this week that the war cost at least $11.3 billion through its first six days, Reuters reported on March […] The post White House admits Iran war burned equivalent of half the US Bitcoin reserve in 6 Days appeared first on CryptoSlate.

Advertisers spend millions on ads that may never be seen by real people. Alkimi is aiming to make the online advertising market transparent.

The bill including a CBDC ban still faces a winding road to becoming law, due to obstacles in the House and at the White House.

Shares in Eightco spiked Thursday after the firm revealed fresh investments from Tom Lee's BitMine and Cathie Wood's Ark Invest.