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Bitcoin Fever Grips South Korea As “Kimchi Premium” Soars
A key indicator of retail investor enthusiasm for Bitcoin in South Korea has climbed to heights not seen in over two years this week. The “Kimchi Premium,” referring to the gap between Bitcoin prices on South Korean crypto exchanges compared to global exchanges, rose to 10.32% on March 1st, according to data firm CryptoQuant. This......
Spain Orders Worldcoin to Halt Data Collection and Processing
Spain's data protection regulator, the Spanish Agency for Data Protection (AEPD), has issued an order requiring Worldcoin to cease collecting and processing personal information within the country. According to the Financial Times, the regulator has given the Sam Altman-backed cryptocurrency project a 72-hour window to abide by its requirements. Additionally, the AEPD's decision mandates that......
Arizona Senate Considers Proposal to Include Bitcoin ETFs in Retirement Funds
The Arizona State Senate is currently reviewing a Bitcoin ETF proposal related to the investment portfolios of the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The proposal suggests that these retirement systems evaluate the potential inclusion of Bitcoin ETFs in their investment strategies. The bill, which passed the Senate's......
🥛 2 BIG reasons crypto prices dumped 💩
Today’s edition is brought to you by Shardeum - the autoscaling blockchain.Scale with them now.GM. This is Milk Road. We're like your crypto morning alarm – relentless, a bit annoying, but you'll thank us later.Here’s what we got for you today:WTF happened yesterday?? 🧐Coachella is launching a new NFT collection 🍪Prices as of 8:00 AM......
Binance.US Suffered Massive Layoffs and Revenue Loss Following SEC Lawsuit
A recent court deposition has shed light on the impact of the Securities and Exchange Commission's (SEC) lawsuit against crypto exchange Binance.US in June 2023. Christopher Blodgett, a Binance.US executive, testified that the company experienced a 75% loss in revenue and was forced to lay off 200 employees, which is two-thirds of its workforce. Key......
Cryptoqueen’s Brother Freed After Serving 34 Months in $4 Billion OneCoin Fraud
Konstantin Ignatov, the brother of the fugitive "Cryptoqueen" Ruja Ignatova, has been freed after being sentenced to the 34 months he had already spent in jail for his involvement in the $4 billion OneCoin cryptocurrency fraud. U.S. District Judge Edgardo Ramos in Manhattan freed Ignatov on Tuesday, according to a report by Bloomberg. The judge......
SEC Files Cease-and-Desist Order Against ShapeShift, Agrees To Pay $275,000
The U.S. Securities and Exchange Commission (SEC) has issued a cease-and-desist order against ShapeShift. The cryptocurrency exchange was previously headquartered in Denver, Colorado. The SEC alleged that the company operated as an unregistered dealer for cryptocurrencies that were considered securities before 2021. Key points: SEC files a cease-and-desist order against ShapeShift for operating as an......
Nexo Secures Initial Approval from Dubai’s VARA
Nexo, a prominent digital assets institution, has announced that its Dubai-based entity, Nexo DWTC, has been granted an Initial Approval (IA) by Dubai's Virtual Assets Regulatory Authority (VARA). The approval covers virtual asset lending and borrowing, management and investment, and broker-dealer activities. It positions Nexo as one of the first digital asset lending institutions to......
🥛 Crypto’s feeling greedy 🤑
Today’s edition is brought to you by LMNT – an electrolyte drink mix with everything you need & nothing you don't. No sugar. No artificial ingredients. No fillers.Receive a free LMNT sample pack with any order.GM. This is Milk Road. Think of us as your crypto news barista – we know your order, and yes,......
Bitcoin Hits $69,000: BTC Reaches New All-Time High
Bitcoin has achieved a new milestone by surpassing its previous all-time high of $69,000. The historic moment occurred today and marked the end of an 827-day journey for BTC to reclaim its former peak. Since hitting a low of around $15,000 in the last quarter of 2022, Bitcoin has appreciated by approximately 360%. In 2024......
