Author Archives: admin

Tether USDt custody and transfers ‘not restricted’ under MiCA — ESMA

The European Securities and Markets Authority (ESMA) clarified the status of custody and transfers of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). On March 3, Binance announced plans to delist nine non-MiCA-compliant stablecoins, including Tether’s UDSt (USDT), for users in the European Economic Area (EEA). Despite removing the affected tokens […]

Ex-girlfriend of crypto ‘Godfather’ pleads guilty to $2.6M tax charge

Iris Ramaya Au, the former girlfriend of admitted crypto fraudster Adam Iza, dubbed “The Godfather,” has agreed to plead guilty to a federal criminal tax charge. Au pled guilty to a single count of giving a false tax return “for failing to report more than $2.6 million in ill-gotten gains she obtained via her then-boyfriend’s […]

Mexican billionaire says he’s ‘all in’ on Bitcoin with 70% exposure

Ricardo Salinas, founder and chairman of Mexican conglomerate Grupo Salinas, said 70% of his investment portfolio is now allocated to Bitcoin-related assets — up from 10% in 2020. Speaking with Bloomberg on March 4, Salinas said he’s “pretty much all in” on Bitcoin (BTC), while the remaining 30% of his investments are in gold and […]

Bitcoin will face ‘significant resistance’ reclaiming $94K: Analysts

Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet […]

US Senate passes resolution to kill ‘unworkable’ IRS DeFi broker rule

The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to include decentralized exchanges […]

El Salvador’s Bukele says Bitcoin buys will continue amid IMF pressure

El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily […]

El Salvador’s Bukele says Bitcoin buys will continue amid IMF pressure

El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily […]

Solana upgrades will strengthen network but squeeze validators — VanEck

Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck.  In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers and adjust the […]

As Trump tanks Bitcoin, PMI offers a roadmap of what comes next

The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets.  Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans. However, 24 hours […]