🧸 The CEO of CryptoQuant stated that Bitcoin has entered a bearish market phase, with 6 to 12 months of bearish or sideways price movement expected.

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🕵️‍♂️ Detective ZachXBT stated that the crypto industry is doomed when it comes to security — hacks and money laundering happen too easily, while exchanges and protocols react too slowly.

He pointed out that "decentralized" projects receive almost all their revenue from illicit transactions but take no responsibility. Centralized exchanges are even worse — blocking funds takes hours, while laundering takes only minutes.

He also criticized KYT for its vulnerabilities and KYC for being useless, as accounts are often bought. In his view, North Korea laundering $1.4 billion recently highlights the scale of the problem.

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🇨🇭 Crypto wealth manager Xapo Bank introduces Bitcoin-backed loans up to $1 000 000.

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🇺🇸 Publicly traded American miners now control 30.2% of Bitcoin's network hashrate — a new record.

After the halving, the 14 largest companies increased their market share by 8%, strengthening the influence of U.S. players in the industry.

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🇺🇸 The managers of Trump Media are launching a new company to acquire cryptocurrency firms.

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🇵🇰 Pakistan plans to legalize crypto to attract foreign investment into the country.

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🇦🇪 The Dubai government has launched the pilot phase of its real estate tokenization project on the blockchain, with the main goal of digitizing property ownership and simplifying transactions.

It is expected that by 2033, the market for tokenized real estate in Dubai could reach $16 billion, accounting for about 7% of all market transactions.

@DeCenterOrg

🎰 On February 24, hackers allegedly breached the Hong Kong payment platform Infini and stole nearly 50 000 000 USDC. However, project representatives accuse their own developer of the theft, claiming that he simply transferred the crypto from a multi-signature wallet to his personal wallet.

Infini is also concerned that he might spend the funds on gambling.

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⚒️ The SEC has officially stated that the activities of miners and mining pools under the Proof-of-Work (PoW) mechanism do not constitute the offering of securities.

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🇦🇪 The second most influential person in Abu Dhabi, Sheikh Tahnoun bin Zayed Al Nahyan, met with crypto leader David Sacks to discuss the transformative effects of AI across various sectors, the growing role of digital currencies in reshaping financial systems, and investment opportunities emerging from their convergence.

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🇦🇺 Australia is developing a new cryptocurrency regulatory framework and plans to integrate digital assets into the economy.

The government will introduce a draft law for public discussion and collaborate with major banks on de-banking issues.

@DeCenterOrg