March 2024 - Page 2 of 2 - CryptoCurrencyWire

FridayMar 08, 2024 9:00 am

Bitcoin Soars to Highest Price Ever as More Money Invested in ETFs

Monday, March 4, 2024, saw Bitcoin soar to its highest price ever, ending a more than two-year period of stagnation that had many questioning the viability of the entire cryptocurrency industry. The trailblazing digital currency surpassed its previous high of $68,789 on Nov. 10, 2021, with a remarkable $68,791 in trading. In recent months, the surge in Bitcoin’s value has been significantly boosted by the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC). This provided a gateway for traditional investors to add Bitcoin to their investment portfolios. The road to approval was lengthy, marked by…

WednesdayMar 06, 2024 7:52 pm

Press Release of The R.AI.SE Summit April 8th, 2024, Westin Paris Vendôme

R.AI.SE Summit 2024: Enterprise Gateway to Generative AI’s Future February 12th, 2024, Paris, France - The R.AI.SE Summit, a global reunion of 1,500 global leaders and Generative AI pioneers, is set to take place on April 8th, 2024, at the prestigious Westin Paris Vendôme, Paris, France. The landmark conference will bring together the corporate world and the top artificial intelligence builders to share first-hand insights on using Generative AI to address essential business and societal challenges. "Excited to discuss Generative AI advancements at RAISE Summit, showcasing Mistral AI's innovations" comments Arthur Mensch, Co-Founder and CEO of Mistral AI. Featuring more…

WednesdayMar 06, 2024 9:00 am

UK Regulations Easing Crypto Asset Seizures to Take Effect Soon

The United Kingdom government has released statutory instrument material that represents a major advancement in the field of cryptocurrency law enforcement. As per the provided material, authorities will have the right to freeze cryptocurrency assets linked to illicit activity as of April 26, 2024, even in the absence of an official conviction. The announcement made public on Feb. 29, 2024, delineates the revisions introduced to the “Economic Crime and Corporate Transparency Act 2023.” These revisions extend authority to the UK’s crime agency, empowering it to confiscate and take cryptocurrency assets suspected of being involved in illegal activities without the necessity…

MondayMar 04, 2024 2:48 pm

Blockchain Life Week in Dubai: we have never seen this before

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 attendees from 120 countries, this massive Forum has to be considered as the main event of the first half of 2024. But the excitement doesn't stop there. From April 13 to 21 crypto people will dive into an unbelievable Blockchain Life Week, filled with exciting…

MondayMar 04, 2024 9:00 am

US Judge Orders Government to Halt Attempts to Audit Crypto Miners’ Energy Use

The United States government has halted its efforts to monitor crypto mining operations due to concerns about increasing energy consumption, following a lawsuit by a sector accused of exacerbating the climate crisis by environmental organizations. A Texas federal judge has ordered a temporary injunction to stop the imposition of new regulations aimed at evaluating the energy use of cryptocurrency miners. According to the judge, if these restrictions were made mandatory, the crypto sector would be severely harmed. An emergency initiative was launched last month by the U.S. Energy Department to assess how much energy mining activities used. These activities make…

FridayMar 01, 2024 9:00 am

Bybit Research Shows Ether Overtook Bitcoin as Favorite Investment for Institutions

According to a recent report released by Bybit, institutional investors are favoring Ethereum (ETH) over Bitcoin (BTC) in their investment portfolios, in contrast to retail investors, who show more enthusiasm toward the latter digital currency. Bybit’s analysis, which polled traders who are active on the platform, revealed that institutions have boosted their allocation to Ether and Bitcoin, making up 80% of their portfolio. This shift is notably influenced by the awaited Dencun upgrade, particularly driving the significant bet on ETH. Meanwhile, retail investors display a different pattern, demonstrating a lower concentration on Ether and Bitcoin while showing a stronger inclination…