Day: 12 March 2025

An executive at NFT platform Yuga Labs has warned that Ethereum's price could fall to between $200 and $400 in an extreme bear market scenario if the cryptocurrency market enters a new downturn. Under the pseudonym "Quit," the executive shared these concerns in a post on X, challenging more optimistic ...

South Korea is gearing up to launch a large-scale real-world test of its central bank digital currency (CBDC) this March,  involving 100,000 consumers and seven major banks. According to local reports, the pilot will feature financial giants such as KB Kookmin, Shinhan, and Hana Bank, marking a significant step in ...

Defunct cryptocurrency exchange Mt. Gox has transferred nearly $1 billion in Bitcoin (BTC) during its second large-scale transaction within a week, coinciding with a significant drop in Bitcoin’s price to a four-month low on March 11. According to blockchain analytics firm Lookonchain, which cited data from Arkham Intelligence, Mt. Gox ...

European Union finance officials are concerned that U.S. President Donald Trump’s favourable stance on cryptocurrencies, particularly dollar-backed stablecoins, could threaten Europe’s financial stability and monetary sovereignty. Pierre Gramegna, managing director of the European Stability Mechanism, raised concerns during a Eurogroup press conference about the U.S. administration's crypto-friendly stance. He warned ...