This week's round-up of news from the cryptocurrency industry

Over the past week, certain events and news have managed to influence the cryptocurrency market. Read on for a roundup of the week's top stories!

Over the past week, a number of events have taken place that have directly and clearly affected the direction of the digital currency market. In this article, we review for you a summary of the most important news in the cryptocurrency market this week.

The most important news from the world of digital currencies not to be missed this week

The cryptocurrency market entered a major correction phase last week, as the price of Bitcoin fell sharply and returned to the $60,000 line before recovering slightly later. Let's take a look at some of the important news that the digital currency market saw last week.

Here is some cryptocurrency industry news for this week:

- Dubai International Financial Center publishes new law on encrypted digital assets

Take The Dubai International Financial Center takes another step towards strengthening its position as a leading center for digital assets by enacting the world's first comprehensive digital assets law, a new security law and making amendments to certain existing legislation.

The new Digital Assets Law defines the legal characteristics of digital assets. Including ownership, control, transfer and management by the parties concerned. This law also addresses common legal issues related to the nature of digital assets and their impact on various aspects of commercial transactions.

Therefore, this new legal framework aims to ensure that the Centre's laws keep pace with the rapid developments in international trade and financial markets arising from technological advancements. Providing a transparent legal environment for users and investors in digital assets.

New vulnerability in MacBook devices allows hackers to steal cryptocurrencies

In a new academic development, researchers have revealed a serious security vulnerability in Apple's M-series chips, fundamentally affecting the security of crypto assets. The flaw, which allows attackers to access secret keys, was detailed in a publication prepared by researchers from reputable institutions.

Lie The problem lies in the microarchitecture of Apple's M1 and M2 chips, and unfortunately it is impossible to directly fix this vulnerability. To mitigate their impact, it is necessary to modify third-party encryption software, which can negatively impact performance.

- Securities and Exchange Commission delays approval of Ethereum Fund again

Once again, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on Hashdex and ARK 21Shares Ethereum spot exchange-traded funds (ETFs).

Following the SEC's announcement, the price of Ethereum fell. Which indicates the sensitivity of the market to regulatory decisions. Market sentiment has also changed recently, with analysts expressing doubts about the likelihood of approval.

- Black rock cooperate With Coinbase for the token investment fund And you say goodbye $100 million on Ethereum to launch an institutional digital liquidity fund

Coinbase has become a major infrastructure provider for the world's largest asset manager, BlackRock. This collaboration represents an important step in the integration of traditional finance with blockchain technology, notably through the launch of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).

The market reacted positively to this project, with Cowen shares rising sharply on Wednesday. This increase actually reflects the market's confidence in the strategic alliance between Coinbase and BlackRock.

After the BUIDL Fund was announced, blockchain enthusiasts noticed a big deal. It's done transformation $100 million USDC stablecoin from Circle on the Ethereum network, likely linked to new BlackRock project.

This strategic decision by BlackRock is not the first in the cryptocurrency ecosystem. Previously, the company launched a Bitcoin (BTC) spot exchange-traded fund (ETF) and requested a similar product for Ethereum (ETH), reflecting its growing commitment to cryptocurrency investment solutions.

Fraudulent digital currency investment fund manager loses millions to another fraudulent fund!

The Australian Securities and Investments Commission (ASIC) has discovered a new case of cryptocurrency fraud. It rendered a decision prohibiting Brian Jack Craig from carrying out any activity in the field of financial services. After collecting money from investors, he lied to them and made them believe that he was an expert in digital currency trading and could increase their returns tenfold. But he caused them millions of dollars in losses, after losing his clients' money to another fraudster!

The ban was issued after an in-depth investigation revealed that Craig managed the "Panacea Capital Cryptocurrency Investment Fund" without a license between April 2021 and June 2022.

ASIC also confirmed that Craig did not have the required training and skills. He could not read or notice the warning signs before sending the money that investors had entrusted to him to another fraudulent money management company in the digital currency market!

- Investor He investigates $23.5 million Shiba Inu in two months and Andrew Tate he pretends Reaching $85 Million in the Digital Currency Market and Criticizing Meme Currencies

Analytics platform Spot On Chain has revealed that a cryptocurrency investor made a huge profit of $23.5 million by investing in Shiba Inu coin (SHIB) in just two months.

The investor started purchasing large quantities of Shiba Inu coin in January 2024, when its price was below $0.00001. The total number of Shiba Inu coins purchased was 1.24 trillion, costing $11.66 million.

Over the next two months, the Shiba Inu saw its price skyrocket, more than quadrupling. Its price reached a high of $0.00004 before falling. Thanks to this rise, the investor made huge profits, with the value of his investment rising to more than $32 million by mid-March.

For his part, Andrew Tate, the famous Internet personality, has made a splash in the world of digital currencies. After describing cryptocurrency enthusiasts as “corrupt losers” and raising rumors about the possibility of launching its own digital currency, which turned out to be just a “joke”! He also claimed to have amassed enormous wealth during the latest cryptocurrency market rally.

Tate noted that he made $85 million on the platforms Decentralized finance (DeFi) during the latest market bull run. He asked his followers a question about their knowledge of digital currencies that have performed well during this period.

- Bitcoin records biggest daily loss since FTX collapse

Bitcoin (BTC) recorded its biggest daily loss since November 2022. The leading cryptocurrency fell more than 8% to below $62,000 on Tuesday, March 19.

This represents the largest single-day percentage decline (UTC time) since the collapse of the FTX exchange, which was the third largest exchange at the time. This sharp decline is also due to several factors, the most important of which is the outflow of huge investments from Bitcoin futures ETFs.

- More news on digital currencies:

• Excited The U.S. Securities and Exchange Commission (SEC) is making a big deal with its $2.6 billion budget request for fiscal year 2025. The sizable sum aims to strengthen the agency's oversight of the cryptocurrency industry .


• In a strategic approach to compete with its adversaries, Spear Aave (AAVE) launched a new rewards program in the form of an airdrop called “Merit” last Tuesday. This program targets the most loyal users.


• attest The price of Dogecoin (DOGE) rose sharply after Coinbase announced plans to list futures contracts for the coin. This decision surprised many and reflects a fundamental shift in the community's view of digital currencies. Dogecoin has been classified as a simple meme currency, created as a joke.


• I witnessed The BitMEX exchange suddenly dropped the price of Bitcoin on Monday evening to $8,900, while other trading platforms maintained prices above $60,000. The sharp decline was short-lived. Currency prices quickly reached $67,000 within minutes.


• He stood up Ansem, a scammer claiming to be a popular cryptocurrency influencer, stole over $2.6 million in Solana (SOL) tokens. The thief took advantage of the memecoin craze to lure investors into a false sale of a non-existent token called “BULL”.


• Announce The president of El Salvador announced the transfer of a large portion of the government's bitcoins to a cold wallet, publishing the address of the government wallet. The post revealed that El Salvador owns at least 5,692 bitcoins, worth approximately $390 million. This is double what was previously announced.


• warn Cryptocurrency market experts noted the phenomenon of speculation in meme coins, for which funds are raised through the pre-sale model, and the wave of meme coin craze began after the launch of the BOME coin. Which I entered List of the top 100 cryptocurrencies by capitalization two days after its launch.

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