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Binance Faces Lawsuit for Alleged Evasion, but CEO Stands Firm; AI-Powered Crypto Soars While Bitcoin Falters

As the cryptocurrency landscape rapidly evolves, artificial intelligence (AI) and blockchain technology are revolutionizing the sector, driving both innovation and growth.
Binance Faces Lawsuit for Alleged Evasion, but CEO Stands Firm; AI-Powered Crypto Soars While Bitcoin Falters

Banks Keep Purging, Bitcoin Takes a Breath After CFTC Complaint Against Binance

What Market Phase are we entering into has been the introductory question for our last appointments. Are we going to listen to the Bulls or the Bears? Are we going to see a Bull Market or a Bear Market?
Banks Keep Purging, Bitcoin Takes a Breath After CFTC Complaint Against Binance

Zero-Knowledge Proofs Now Live on Bitcoin

Zero-knowledge proofs are now live on Bitcoin, marking a new era in cryptocurrency privacy. Zero-knowledge proofs are a form of cryptography that allows users to prove the validity of a transaction without revealing any sensitive information.

MicroStrategy Moves to Bitcoin Standard – Firm Now Up +77%

Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin. While repaying its $205 million SIlvergate loan at a 22% discount. Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes. MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.

CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers

Binance's regulatory troubles may exacerbate liquidity problems in crypto markets, which have been plaguing the industry since the collapse of FTX in November. The US Commodity Futures Trading Commission has sued Binance for running an alleged illegal exchange and a "sham" compliance program. Binance has long been the leading digital assets exchange, accounting for 81% of the total bitcoin traded on centralized exchanges in February. Observers worry that the lawsuit would bring a deeper decline in market liquidity, exacerbating volatility and causing large players to stay on the sidelines. Liquidity is measured by a metric called the 2% market depth, which has been slipping since FTX's sister firm Alameda Research closed shop five months ago. Some observers expect bitcoin to revisit former resistance-turned-support near $25,000 in the wake of regulatory uncertainty.

Bitcoin in Africa: How Cryptocurrency Could Revolutionize Financial Inclusion

As African nations face banking challenges, Bitcoin offers a disruptive and transformative alternative to traditional financial systems, potentially unlocking economic power for those previously left out.
Bitcoin in Africa: How Cryptocurrency Could Revolutionize Financial Inclusion

Tested on Ethereum, StarkWare’s Zero-Knowledge Proofs Are Now Live on Bitcoin

The ZeroSync Association, a non-profit organisation based in Zug, Switzerland, has launched a new software development kit (SDK) that integrates zero-knowledge proofs (ZKPs) into the Bitcoin network. The system offers users the ability to validate Bitcoin network transactions without downloading large amounts of blockchain history or relying on third parties. The ZeroSync product offers faster access to the Bitcoin blockchain and provides a method for compressing transaction histories. The system features the Cairo programming language created by Israeli start-up StarkWare, and uses ZKPs that do not require a trusted setup, while claiming to be more scalable than zk-SNARKs in use by other cryptocurrencies such as Zcash. ZeroSync initial supporters include Lightning Labs among others, and intends to offer a better user experience at a more affordable price than standard software for the Bitcoin protocol.

President Nayib Bukele Touts El Salvador as the 'New Land of the Free' in Vintage Americana Poster Featuring Bitcoin as Legal Tender

President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including the adoption of bitcoin as legal tender.

Binance Bitcoin Balance Drops by 3.4K BTC Within 24 Hours of CFTC Lawsuit

Following the US Commodity Futures Trading Commission's (CFTC) lawsuit against Binance and CEO Changpeng Zhao, investors have reportedly pulled more than 3,400 Bitcoin from the exchange within 24 hours. This comes as investors have started spreading out their assets to minimize the impact of a potential shutdown. Binance's total Bitcoin balance has decreased by over 3,900 BTC over the past week, with 3,400 BTC withdrawn in the past 24 hours. Other exchanges, including Coinbase, Bitfinex, and Gemini, have seen an increase in BTC reserves during the same period. It's worth noting that Bitcoin balances on major exchanges have been decreasing since March 20, with nearly 27,000 BTC taken off exchanges in the past week.

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a 'Domino' Run on the Banks

Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB).