Author: Crypto Insider

The Crypto Council for Innovation (CCI) submitted a comment on the proposed stablecoin regulatory regime in Hong Kong on the last day of the comment period. The advocacy group’s five-page letter contained substantial criticism of the proposed reserve and operational requirements and mounted a lively defense of algorithmic stablecoins, which Hong Kong authorities had taken…

The Bitcoin bull market officially started on March 1, according to pseudonymous quantitative analyst PlanB, who is also the creator of the controversial stock-to-flow (S2F) model for Bitcoin’s price. The Bitcoin accumulation phase has ended, along with the easy Bitcoin buying opportunities, according to an X post by PlanB, referencing the S2F chart. “Bull market has…

Starknet’s network activity continues to fall despite revisions to its controversial token unlock schedule. For the second time since Starknet announced its provisions airdrop on Valentine’s Day, active users fell below 100,000 addresses, reaching around 43,000 on March 1, according to Starkscan data. Meanwhile, transactions per second declined to 1.90 from the peak of 12.3 observed on airdrop day….

South Korea’s ruling People Power Party has indefinitely delayed its proposal to ease cryptocurrency restrictions, including lifting the ban on local spot Bitcoin exchange-traded funds (ETFs), as per local sources. According to a report by local media outlet Chosun Biz, the party’s reversal of pledges could be linked to challenges in aligning with the government and financial…

Around $400 million in Ether (ETH) has been taken out of the Ethereum layer-2 network Blast after the launch of its mainnet on Feb. 29 at 9:00 pm UTC — unlocking nearly $2.3 billion in staked crypto previously locked up on the network. The optimistic rollup blockchain scaler gives users up to 5% annual percentage yield…

United States Securities and Exchange Commission Commissioner Hester Pierce has advocated for more decentralization in the U.S. financial system, along with a softer approach to crypto regulation and enforcement. Hester Pierce, also known as ‘Crypto Mom,’ closed her fireside chat with CNBC’s MacKenzie Sigalos at the ETHDenver conference on Feb. 29 by stating that decentralization…