Bitcoin’s correlation to stocks continued to strengthen as the largest cryptocurrency rebounded along with other risk assets as fast-moving developments related to Russia’s invasion of Ukraine saw investors swing the other way very quickly.
Bitcoin, Ether Mark Big Gains as Wider Crypto Market Foots a Comeback After Concerns of an Imminent Crash
Fundraising via Cryptocurrency Now Criminalised in China, Offenders Will Face Time in Jail
Residents of China that engage in fundraising activities via cryptocurrencies will now be subject to jail time, if caught. China has banned crypto-based fundraising, making it a criminal offence. Along with prison sentence, violators may also have to pay hefty fines as part of the punishment.
Stock Exchange of Thailand Plans to Bring Crypto-Related Services ‘Soon’
The Stock Exchange of Thailand (SET) is awaiting approvals to bring crypto investment services to its users. As soon as the Thai Securities and Exchange Commission (SEC) gives a nod to the proposal, the SET will launch its crypto service.
BNY Mellon Ropes in Blockchain Analysis Firm Chainalysis to Monitor User Transactions
Blockchain data platform Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide a suite of compliance software and help the custodian bank track, record, and make use of the data surrounding crypto assets.
Cryptocurrency Prices Fall After Russia Invades Ukraine, Bitcoin Slumps to Lowest in a Month
Bitcoin slumped to its lowest in a month on Thursday after Russian forces fired missiles at several cities in Ukraine and landed troops on its coast, sparking a sell-off of riskier assets.
Illegal Crypto Mining Facilities Busted in Kazakhstan Amid Prevailing Power Crisis
The ministry of energy in Kazakhstan identified 13 illegal crypto mining centres and busted their operations. The development comes after the government of Kazakhstan instructed all crypto mining centres to identify themselves with relevant paperwork before March 19. Crypto mining is overloading the power grids in the central Asian country.
Warner Music Group Partners With Splinterlands to Work on Arcade-Style Play-to-Earn Games
Warner Music has partnered with Splinterlands to tap the GameFi and Play-to-Earn communities and will allow artists to create and develop blockchain-based games.
Neon Launches World’s 1st NFT Vending Machine in New York City
World’s first NFT vending machine has been set up by crypto startup Neon in New York City’s Financial District. It will allow non-crypto holders to become NFT collectors by allowing them to purchase these digital collectibles via cash, debit cards, and credit cards.
Apple Store Hostage Taker, Who Demanded EUR 200 Million in Cryptocurrency, Dies of Injuries in Amsterdam
A 27-year-old man who held several people hostage at an Apple store on a busy Amsterdam square has died in hospital from his injuries, Dutch prosecutors said.
Sotheby’s CryptoPunk Auction of 104 NFTs Called Off After Seller Pulls Out Last Moment
A group of 104 CryptoPunks that were supposed to be auctioned at Sotheby’s on Wednesday evening were not sold after the bid was withdrawn in an unexpected turn of events for the New York auction house.