The Nigerian Securities and Exchange Commission (SEC) has disclosed plans to introduce new regulations for crypto operators following recent challenges with Binance. New regulations The planned regulation would include licensing, registration, and screening guidelines for digital and virtual asset services providers (VASPs). In addition, the new guideline would ensure that…

Quick Take Comparing the performance of the ‘Magnificent 7’ tech stocks—Nvidia, Meta, Microsoft, Amazon, Google, Tesla, and Apple—to Bitcoin shows that the coveted group of assets is seeing significant competition from Bitcoin. A one-year comparison reveals Bitcoin’s superior performance, posting a 195% increase compared to the Mag 7’s average rise…

Quick Take BitMEX data showed $332 million in inflows into Bitcoin ETFs, equivalent to 4,995 Bitcoin, on Mar. 6. Leading the charge was BlackRock’s IBIT, which added $282 million to its coffers, bringing its total net inflows to $9.4 billion. This implies that IBIT currently holds around 188,000 BTC. Table…

Quick Take Realized price, a metric reflecting the collective price at which each coin was last utilized on-chain, experienced significant fluctuations over the past week. The short-term holder (STH) realized price, showing the average on-chain acquisition price for coins moved outside exchange reserves within the past 155 days, is inching…

SEC chair Gary Gensler cautioned investors to carefully consider the merits of each project after the market experienced extreme volatility following Bitcoin’s ascent to a new all-time high. Gensler made the statements during an interview with Bloomberg on March 6 and likened the crypto market’s volatility to a roller coaster…

Digital Currency Group (DCG) and its CEO Barry Silbert have filed motions to dismiss the $3 billion fraud lawsuit filed by the New York Attorney General’s Office (NYAG), arguing that the allegations levied against them are “baseless innuendo.” The NYAG filed the lawsuit in October 2023 over allegations that DCG…

The Arizona State Senate passed a resolution to consider digital assets — specifically Bitcoin exposure — as potential investments for the state’s retirement systems. The 56th legislature — Senate Concurrent Resolution 1016 (SCR 1016) — proposes that the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System…

Solana has emerged as the inaugural winner of CoinMarketCap’s CMC Crypto of the Year award, according to a Mar. 6 statement shared with CryptoSlate. The CMC award is designed to celebrate excellence in the crypto space across eight categories, honoring outstanding projects and individuals. It was awarded after a meticulous…

CFTC chair Rostin Behnam told Congress there is an urgent need for legislation that can provide regulatory clarity for the crypto industry to ensure investors are appropriately protected. Behnam made the statement during his testimony before the House Agriculture Committee on March 6 that primarily focused on the C FTC’s…

Quick Take Data from BitMEX shows that on March 5, a staggering $648 million inflow was recorded into the US Bitcoin ETFs, which equates to approximately 10,238 BTC. This was the third biggest day in terms of net inflows since trading began. The principal driver was BlackRock IBIT, with a…