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Crypto News:Mantle Steals the Show as BTC Holds Firm at $70K

27-Mar-2024 By: Lokesh Gupta
Crypto News:Mantle S

Crypto prices surged, gaining momentum over the past 24 hour

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Crypto News Key Highlights:

  • FTX Exchange founder Sam Bankman-Fried faces intensifying scrutiny with additional victim impact statements submitted by US Attorney Damian Williams. Users express financial losses and betrayal, contrasting with character testimonials. Amidst debates on accountability, Bankman-Fried's sentencing, scheduled for March 28, awaits amidst the fallout from FTX's collapse.

  • In March, South Korean investors showed significant interest in the VolatilityShares’ BITX ETF, investing $122 million. BITX, serving as an alternative to Bitcoin spot ETFs unavailable in South Korea, attracted investors seeking exposure to Bitcoin's performance without direct ownership. Despite its success, caution is advised due to inherent risks.

  • HSBC has introduced tokenized gold for retail customers in Hong Kong, signifying a notable advancement in the adoption of digital assets. The HSBC Gold Token, conveniently accessible through online banking and mobile apps, caters to the increasing interest in digital assets among consumers. Utilizing blockchain technology via HSBC Orion, it promises enhanced efficiency, transparency, and adherence to regulatory standards.

  • On March 26, Munchables, an NFT game, reported an Ethereum hack of $62.8 million by a developer, later identified. After negotiations, the developer returned the funds. Blast blockchain's creator will aid in redistribution. ParaSwap faced a $24,000 hack, resolving it with white hat hackers but faces ongoing vulnerabilities.

  • Inkeverse allocates $100 million to crypto investments amidst Hong Kong's evolving crypto stance. With potential regulatory shifts anticipated, the move signals a transformative phase. The firm aims to diversify assets, mitigate fiat risks, and navigate crypto volatility prudently while ensuring regulatory compliance and transparency.

  • Bitcoin whales have been accumulating more BTC amidst its recent highs, with the cryptocurrency surpassing $70,000. Despite trading around $68,000 to $70,000 lately, whales are holding onto their assets, anticipating future gains. Data reveals a rise in whale activity, with notable transfers from exchanges to self-custody wallets. The looming Bitcoin Halving event in April fuels optimism among whales and investors, expecting further price hikes.

  • With the rise in cryptocurrency scams, non-custodial wallets like CashFusion ensure enhanced security. They encrypt data locally, enabling anonymous transactions and enhanced privacy. Leveraging the Tor network, CashFusion conceals IP addresses, further safeguarding user anonymity. As it expands compatibility, CashFusion aims to offer even stronger privacy features.

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. #Cryptocurrency and #NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Also read - Crypto News March 26: Crypto Investors Await Economic Impact

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