March 2025 - CryptoCurrencyWire

FridayMar 28, 2025 9:00 am

Crypto Debanking Could Persist Until Early 2026, Expert Says

Despite recent positive regulatory moves, the U.S. crypto industry may still be struggling with banking restrictions, according to industry insiders and experts. Concerns about banks cutting ties with crypto firms resurfaced after several crypto-friendly institutions collapsed in 2023. Some critics contended that this was part of a larger government initiative—Operation Chokepoint 2.0—to coerce banks into cutting ties with crypto companies. While President Donald Trump has made several crypto-friendly decisions, such as the March 7 executive order to create a national Bitcoin reserve using seized assets, industry leaders say that banking challenges persist. Custodia Bank CEO Caitlin Long warned that it’s…

ThursdayMar 27, 2025 9:00 am

Acting SEC Chairman Rejects Enforcement, Prefers Rulemaking for Cryptos

On March 21, Acting U.S. SEC Chair Mark T. Uyeda led the first session of the commission’s Cryptocurrency Task Force roundtable in Washington, D.C. During the event, he emphasized the need for the SEC to adopt formal rulemaking rather than relying on enforcement actions to regulate digital assets. Addressing legal experts, regulators, and industry stakeholders, Uyeda highlighted the importance of establishing clear guidelines through proper regulatory procedures. He pointed out that issuing official rules orwA explanatory releases would have bwween a more effective way to classify digital assets under securities laws rather than using enforcement as the primary tool. His…

TuesdayMar 25, 2025 10:00 am

US SEC Hosts Cryptocurrency Taskforce Roundtable as President Trump Mulls Regulatory Overhaul

The U.S.SEC convened its crypto task force for the first time in a public setting on Friday, bringing together crypto experts to discuss how existing securities laws relate to digital assets. The discussion took place as the Trump administration pushes for a major shift in crypto regulation. Key figures at the roundtable included former SEC Commissioner Troy Paredes, former head of the agency’s Office of Internet Enforcement John Reed Stark, and Andreessen Horowitz’s cryptocurrency division lead counsel Miles Jennings. Leading the initiative is SEC Commissioner Hester Peirce, who is spearheading efforts to create clearer regulatory guidelines for the crypto sector.…

FridayMar 21, 2025 9:00 am

Crypto Outflows Hit $6.4bn as Long Holdings Pile Up

Cryptocurrency exchange-traded funds (ETFs) continued to experience outflows last week, with investors pulling out $1.7 billion, according to CoinShares’ latest report. Over the past five weeks, total outflows have reached $6.4 billion. Despite this trend, data from CryptoQuant indicates that long-term crypto investors are still accumulating Bitcoin (BTC), even as the market faces corrections. The Coinshare report also highlighted a sharp decline in assets under management (AUM) for crypto products. From a peak of $134 billion in 2024, AUM has now dropped to $48 billion, underscoring the impact of the sustained withdrawals. In terms of regional data, the United States…

ThursdayMar 20, 2025 9:00 am

The Triumphant Cryptocurrency Industry is Now Going After the US SEC

The crypto industry recently faced intense scrutiny from the SEC but ultimately emerged victorious. Now, key figures in the crypto world are turning their attention to the regulator, pushing back in various ways. With the political landscape shifting after Donald Trump’s election, partly due to substantial financial backing from the crypto sector, industry leaders are flexing their newfound influence. They are calling for accountability from the regulator and even seeking retribution for past regulatory actions. Ripple’s legal chief, Stuart Alderoty, and Coinbase CEO Brian Armstrong are encouraging firms to steer clear of law offices that hire former SEC employees involved…

TuesdayMar 18, 2025 9:00 am

Sources Say Russia is Leveraging Crypto to Conduct Oil Trade

Russia has turned to crypto for oil transactions with India and China to bypass Western sanctions, per sources familiar with the matter. Although Russia legalized crypto for international trade last summer, its role in oil deals had not been widely reported until now. Some Russian oil firms are leveraging Bitcoin, Ethereum, and stablecoins like Tether to facilitate currency conversions between the Russian ruble, Chinese yuan, and Indian rupee. While this practice accounts for a small portion of the overall trade, it is reportedly expanding. The International Energy Agency estimates that Russia’s oil trade was valued at $192 billion last year.…

FridayMar 14, 2025 9:00 am

Fear Index Reading Still High as Crypto Market Grapples with Shifting Realities

Understanding the ever-changing landscape of crypto involves more than just tracking price fluctuations. Investor sentiment plays a crucial role in shaping market movements, and the Crypto Fear and Greed Index is a well-known tool that measures emotional trends within the crypto community. Although the index has seen a slight rise, extreme fear still reigns. The index had a score of 24 on March 11, up four points from the day before. Even though this increasing trend may appear encouraging, the index is still firmly in the zone of “Extreme Fear.” This indicates that investor fear and uncertainty continue. The key…

ThursdayMar 13, 2025 9:00 am

Hackers from North Korea Convert 20% of Their ByBit Loot into Cash

The Lazarus Group, believed to be linked to North Korea, has turned at least $300 million from their recent $1.5 billion cryptocurrency hack into funds that are now impossible to recover. The hackers managed to steal the massive sum after breaching the ByBit crypto exchange. Since the attack, investigators have been racing to block the hackers from converting the stolen digital assets into cash. According to experts, the group is working nearly nonstop, possibly channeling the funds into North Korea’s military operations. Dr. Tom Robinson, co-founder of the crypto analytics firm Elliptic, explains that the hackers are using advanced techniques…

TuesdayMar 11, 2025 9:00 am

Trump Signs Executive Order Setting Up Bitcoin Reserve

President Donald Trump recently issued an executive order to set up a strategic crypto reserve using digital assets already in the government’s possession. The strategic reserve will consist of Bitcoin (BTC) previously confiscated by the government through criminal and civil asset seizures, according to White House cryptocurrency advisor David Sacks. This decision has disappointed some investors who had expected a concrete plan for acquiring new assets. Following the news, Bitcoin’s value dropped by approximately 5%, reaching $85,000. However, it rebounded to $89,200 later on. The executive order leaves room for potential future Bitcoin purchases. A White House fact sheet states…

FridayMar 07, 2025 10:00 am

The Energy Demand of Crypto Mining is Raising Concerns

Crypto mining has been outlawed in Abkhazia, yet it continues to thrive due to the region’s low-cost hydropower. Abkhazia already faces power shortages, especially in winter when water levels drop. The round-the-clock energy demand of cryptocurrency mining has worsened these outages. Power blackouts have become routine, initially lasting four hours daily in November but stretching to nearly ten hours by mid-December. Mining digital currencies requires powerful computers to perform countless calculations every second. The more processing power involved, the higher the electricity consumption. While Abkhazia’s situation is extreme, it reflects a global trend. Cryptocurrency mining is expanding rapidly, driven by…