Bitcoin Bollinger Bands Setting Up BTC Price for “Powerful Move”

Bitcoin (BTC) could see further upside volatility as several technical and onchain indicators suggested the BTC price was due for a “powerful“ upward breakout. Key takeaways: Bitcoin’s Bollinger Bands indicator hints at major volatility ahead. BTC’s symmetrical triangle breakout targets $84,500. Heavy BTC accumulation by investors around $83,900-$85,200 could stop bulls. Bitcoin Bollinger Bands point at “strong” breakout Bollinger Bands, a technical indicator used by traders to assess price momentum and volatility within a certain range, have reached their tightest point ever on the monthly time frame, signaling that volatility…

Do Bitcoin Halvings Matter Anymore If Strategy’s STRC Exists?

Michael Saylor’s Strategy is using its preferred stock, STRC, to buy Bitcoin (BTC) at an accelerating pace. But can this create a more powerful supply shock than the halving? Key takeaway: Strategy raised $1.18 billion via MSTR shares to fund Bitcoin purchases last week. Bitcoin’s next cycle may be driven less by the halving calendar and more by large-scale corporate accumulation. Strategy outpacing new Bitcoin mined seven times In the week ending March 15, Strategy bought 22,337 BTC, funded partly by about $1.18 billion from STRC sales. That is equivalent…

South Korea Police Draft Guidelines for Seized Crypto Assets: Report

South Korea’s National Police Agency (KNPA) has reportedly drafted new guidelines for handling seized cryptocurrencies, including privacy-focused assets, as authorities move to standardize how digital asset evidence is stored and managed. According to a report by local media outlet Asiae, the KNPA completed a draft directive outlining compliance requirements at each stage of crypto seizure. The directive includes measures for managing software wallets needed to handle crypto assets and privacy-focused tokens.  A police spokesperson told Asiae that as investigative paradigms change, field investigators need systematic guidelines along with appropriate support.…

Crypto.com Enables Tourist Crypto Payments in Korea With KG Inicis Deal

Crypto.com has partnered with KG Inicis, one of the largest South Korean payment gateways and value-added network providers, to introduce crypto payment options for foreign visitors across the country. KG Inicis, which processes hundreds of millions of transactions annually with its service used by around 190,000 affiliated merchants, will support the rollout of Crypto.com Pay across its network, according to a Tuesday announcement. “KG Inicis boasts an unrivalled merchant acceptance network with 40% market share and we’re proud to partner with this fintech powerhouse to make digital asset payments easier…

Messari CEO Eric Turner Steps Down Amid AI Expansion

Blockchain data provider Messari has announced a series of layoffs on Monday as its CEO, Eric Turner, stepped down to make way for the company’s “next phase” as an AI-first company.  “Today, I stepped down as CEO of Messari and handed the reins to Diran,” Turner said on X on Monday, referring to Diran Li, who ascended after serving as chief technology officer of the company for more than seven years.  He added that it “wasn’t an easy decision, but it’s the right one for the company’s next phase, and…

DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens

Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto. Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, filed a pre-enforcement challenge against the SEC that year. The lawsuit alleged the regulator had adopted its digital asset enforcement policy without a formal notice-and-comment rulemaking process, in violation of the Administrative Procedure Act. The…

Ex-LA Cop Gets 5 Years for Helping Crypto ‘Godfather’

A former Los Angeles County Sheriff’s Department deputy has been sentenced to more than five years in prison for helping Adam Iza, a jailed crypto founder dubbed “The Godfather,” extort victims. A California federal court handed Michael Coberg 63 months in prison and an order to pay $127,000 in restitution for helping Iza extort one of his rivals and arrange a drug possession arrest of another person, the Los Angeles US Attorney’s office said on Monday.  Coberg had pleaded guilty in September to conspiracy to commit extortion and conspiracy against…

Bitcoin ETF Inflows See 6-Day Streak

US-based spot Bitcoin exchange-traded funds recorded their sixth day of inflows on Monday as Bitcoin rose over 12% over the period, marking the longest streak of fresh capital into the ETFs since October last year.  Data from Farside Investors shows Bitcoin ETFs raked in $199.4 million of net inflows on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund led with $139.4 million and $64.5 million in inflows, respectively. The Bitwise Bitcoin ETF and Franklin Bitcoin ETF tallied inflows of $2.8 million and $2.1 million, while…

Solana (SOL) Momentum Explodes as $100 Barrier Comes Into Focus

Solana started a fresh increase above the $92 zone. SOL price is now consolidating near $95 and might aim for more gains above the $98 zone. SOL price started a fresh upward move above the $92 and $95 levels against the US Dollar. The price is now trading above $92 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $94 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $98 resistance…

SEC has Proposed Narrowing Rule 15c2-11 to Equity Securities Only

The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market.  The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers to maintain up-to-date public information about an issuer before it can publish over-the-counter quotes. In 2021, the rule was reinterpreted to also include fixed-income securities (such as government or corporate bonds), which saw backlash from…