Crypto Vesting

Bitcoin’s (BTC) price action has closely mirrored that of the US equity market in recent years, particularly the tech-heavy Nasdaq and the benchmark S&P 500.

Now, as fund managers stage a historic exodus from US stocks, the question arises: could Bitcoin be the next casualty?

Fund managers dump US stocks at record monthly pace

Investors slashed their exposure to US equities by the most on record by 40-percentage-points between February and March, according to Bank of America’s latest survey.

This is the sharpest monthly decline since the bank began tracking the data in 1994. The shift, dubbed a “bull crash,” reflects dwindling faith in US economic outperformance and rising fears of a global downturn.

With a net 69% of surveyed managers declaring the peak of “US exceptionalism,” the data signals a seismic pivot that could ripple

Read More at https://cointelegraph.com/news/fund-managers-dump-us-stocks-recession-bitcoin?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Bitcoin’s (BTC) price action has closely mirrored that of the US equity market in recent years, particularly the tech-heavy Nasdaq and the benchmark S&P 500.

Now, as fund managers stage a historic exodus from US stocks, the question arises: could Bitcoin be the next casualty?

Fund managers dump US stocks at record monthly pace

Investors slashed their exposure to US equities by the most on record by 40-percentage-points between February and March, according to Bank of America’s latest survey.

This is the sharpest monthly decline since the bank began tracking the data in 1994. The shift, dubbed a “bull crash,” reflects dwindling faith in US economic outperformance and rising fears of a global downturn.

With a net 69% of surveyed managers declaring the peak of “US exceptionalism,” the data signals a seismic pivot that could ripple

Read More at https://cointelegraph.com/news/fund-managers-dump-us-stocks-recession-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Blockchain For Impact (BFI), a charity established by Polygon co-founder Sandeep Nailwal, has committed $90 million to advance biomedical research, driving healthcare innovation, and enhancing climate resilience — a development that could spur blockchain’s adoption for charity initiatives.

The Polygon co-founder’s BFI plans to allocate an additional $200 million to support the growth of healthcare startups, expand biomedical research, and strengthen the public health systems.

BFI has backed several impactful projects in India’s healthcare sector, including Solar-Powered Public Health Centers (PHCs), a floating hospital in Assam to aid communities in flood-prone areas, the UNICEF Healthcare Innovation Partnership, and relief funding during the COVID-19 crisis. Their further initiatives will place a greater emphasis on healthcare innovation and research.

Incorporating blockchain technology can make philanthropic efforts more transparent and accountable thanks to the ledger’s verifiability, according to Sandeep Nailwal, Founder of Blockchain for Impact and co-founder of Polygon.

Nailwal told Cointelegraph:

“All donations received by BFI can

Read More at https://cointelegraph.com/news/polygon-cofounder-sandeep-nailwal-bfi-crypto-donations-2024?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Blockchain For Impact (BFI), a charity established by Polygon co-founder Sandeep Nailwal, has committed $90 million to advance biomedical research, driving healthcare innovation, and enhancing climate resilience — a development that could spur blockchain’s adoption for charity initiatives.

The Polygon co-founder’s BFI plans to allocate an additional $200 million to support the growth of healthcare startups, expand biomedical research, and strengthen the public health systems.

BFI has backed several impactful projects in India’s healthcare sector, including Solar-Powered Public Health Centers (PHCs), a floating hospital in Assam to aid communities in flood-prone areas, the UNICEF Healthcare Innovation Partnership, and relief funding during the COVID-19 crisis. Their further initiatives will place a greater emphasis on healthcare innovation and research.

Incorporating blockchain technology can make philanthropic efforts more transparent and accountable thanks to the ledger’s verifiability, according to Sandeep Nailwal, Founder of Blockchain for Impact and co-founder of Polygon.

Nailwal told Cointelegraph:

“All donations received by BFI can

Read More at https://cointelegraph.com/news/polygon-cofounder-sandeep-nailwal-bfi-crypto-donations-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The European Union Agency for Law Enforcement Cooperation (Europol) published a report explaining how artificial intelligence and crypto affected organized crime. 

In a threat assessment report on serious and organized crime, Europol stated that AI and crypto play a role in criminal efficiency. The law enforcement organization said criminal networks have demonstrated an ability to rapidly adapt to new technology. 

The report said AI’s transformative qualities make it an attractive tool for criminals. The report said that generative AI had “lowered the barriers to entry” for digital crimes. 

The government agency said AI lets criminals craft messages in multiple languages, targeting victims more precisely and globally. It also allowed malicious actors to create malware and child sexual abuse material. 

How AI and crypto drive criminal efficiency

Europol also stated that AI’s automation capabilities have been transforming the efficiency of criminal operations. The government agency said criminals can automate their phishing

Read More at https://cointelegraph.com/news/europol-ai-crypto-organized-crime-threat-report?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

The European Union Agency for Law Enforcement Cooperation (Europol) published a report explaining how artificial intelligence and crypto affected organized crime. 

In a threat assessment report on serious and organized crime, Europol stated that AI and crypto play a role in criminal efficiency. The law enforcement organization said criminal networks have demonstrated an ability to rapidly adapt to new technology. 

The report said AI’s transformative qualities make it an attractive tool for criminals. The report said that generative AI had “lowered the barriers to entry” for digital crimes. 

The government agency said AI lets criminals craft messages in multiple languages, targeting victims more precisely and globally. It also allowed malicious actors to create malware and child sexual abuse material. 

How AI and crypto drive criminal efficiency

Europol also stated that AI’s automation capabilities have been transforming the efficiency of criminal operations. The government agency said criminals can automate their phishing

Read More at https://cointelegraph.com/news/europol-ai-crypto-organized-crime-threat-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Investors’ stablecoin positioning on the Solana network and a key technical chart pattern threaten more volatility for the Solana token, which may see a decisive moment for its price action.

Solana’s transport layer saw “extreme” volatility in trading the Tether’s USDt (USDT) stablecoin, which may indicate that traders are repositioning in search of new investment opportunities.

USDT trading on Solana’s transport layer saw an over 137% surge during the last week of February, after seeing a 61% plunge during the previous week, according to a report by global payments infrastructure platform Mercuryo, shared with Cointelegraph.

The stablecoin trading spikes show an unparalleled level of trading activity that may signal more volatility for the Solana (SOL) token, according to Petr Kozyakov, co-founder and CEO of Mercuryo.

The “frenetic activity” may “indicate that the chain is prone to be more volatile,” the CEO told Cointelegraph, adding:

“However,

Read More at https://cointelegraph.com/news/solana-stablecoin-extreme-sol-volatility?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Investors’ stablecoin positioning on the Solana network and a key technical chart pattern threaten more volatility for the Solana token, which may see a decisive moment for its price action.

Solana’s transport layer saw “extreme” volatility in trading the Tether’s USDt (USDT) stablecoin, which may indicate that traders are repositioning in search of new investment opportunities.

USDT trading on Solana’s transport layer saw an over 137% surge during the last week of February, after seeing a 61% plunge during the previous week, according to a report by global payments infrastructure platform Mercuryo, shared with Cointelegraph.

The stablecoin trading spikes show an unparalleled level of trading activity that may signal more volatility for the Solana (SOL) token, according to Petr Kozyakov, co-founder and CEO of Mercuryo.

The “frenetic activity” may “indicate that the chain is prone to be more volatile,” the CEO told Cointelegraph, adding:

“However,

Read More at https://cointelegraph.com/news/solana-stablecoin-extreme-sol-volatility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Major cryptocurrency exchange Crypto.com came under fire following an allegedly manipulated vote leading to a massive token burn reversal on Crypto.com’s Cronos blockchain.

Crypto.com CEO Kris Marszalek took to X on March 19 to highlight the firm’s financial and regulatory stability amid the ongoing controversy over the 70 billion Cronos (CRO) token re-issuance.

Essentially canceling the 70 billion CRO token burn announced in 2021, the vote on bringing back the tokens has triggered outrage from the community, with many commentators criticizing the CEO for not addressing the issue in his new thread on X.

“So you made $1 billion profit but needed to mine 70 billion CRO instead of using those funds to buy some off the market and help your core community remain positive,” one commentator wrote.

Source: Kris Marszalek

“The largest

Read More at https://cointelegraph.com/news/cryptocom-ceo-backlash-70-billion-cro-mint?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Major cryptocurrency exchange Crypto.com came under fire following an allegedly manipulated vote leading to a massive token burn reversal on Crypto.com’s Cronos blockchain.

Crypto.com CEO Kris Marszalek took to X on March 19 to highlight the firm’s financial and regulatory stability amid the ongoing controversy over the 70 billion Cronos (CRO) token re-issuance.

Essentially canceling the 70 billion CRO token burn announced in 2021, the vote on bringing back the tokens has triggered outrage from the community, with many commentators criticizing the CEO for not addressing the issue in his new thread on X.

“So you made $1 billion profit but needed to mine 70 billion CRO instead of using those funds to buy some off the market and help your core community remain positive,” one commentator wrote.

Source: Crypto.com CEO Kris Marszalek

“The largest token burn in history”

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Read More at https://cointelegraph.com/news/cryptocom-ceo-backlash-70-billion-cro-mint?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound