Santiment notes a surge in BTC discussions on social media, but it doesn't yet resemble classic FOMO, as there is a significant amount of skepticism regarding further BTC price growth. Additionally, many people are expecting and fearing a correction.
Santiment experts highlight that, with such mixed sentiment, the chances of continued growth remain high.
Santiment experts highlight that, with such mixed sentiment, the chances of continued growth remain high.
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The hack of Bybit for $1.5 billion was carried out by North Korea's Lazarus Group β ZachXBT
The hackers now control over 0.4% of the total supply of #ETH. This is more than the Ethereum Foundation, Fidelity, and Vitalik Buterin combined.
The hackers now control over 0.4% of the total supply of #ETH. This is more than the Ethereum Foundation, Fidelity, and Vitalik Buterin combined.
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IMF Bans El Salvador from Buying and Mining Bitcoin Under Loan Program
βͺοΈThe International Monetary Fund (IMF) has imposed a ban on the voluntary accumulation of Bitcoin by El Salvador's public sector, including purchases and mining. This condition is part of a $1.4 billion extended loan program, according to a technical memorandum published on the IMF website on March 3.
βͺοΈThe ban applies to all hot and cold wallets controlled by state entities, including the Chivo crypto wallet, the National Bitcoin Office, the Rio Lempa Hydroelectric Commission (CEL), and other government-controlled legal entities.
βͺοΈHowever, Bitcoin confiscated or seized by law enforcement agencies is exempt from the ban and may remain under government control.
βͺοΈThe document also states that El Salvador cannot issue debt obligations or tokenized instruments denominated in Bitcoin if they create liabilities for the public sector.
βͺοΈPreviously, as part of an agreement with the IMF, the countryβs authorities amended the Bitcoin law: its use is now strictly voluntary, tax payments are accepted only in U.S. dollars, and government participation in Bitcoin-related projects is restricted.
βͺοΈEl Salvadorβs public Bitcoin wallet holds 6,100 BTC (~$510 million). The government had been regularly purchasing Bitcoin, but new acquisitions may now be prohibited following the IMFβs requirements.
βͺοΈThe International Monetary Fund (IMF) has imposed a ban on the voluntary accumulation of Bitcoin by El Salvador's public sector, including purchases and mining. This condition is part of a $1.4 billion extended loan program, according to a technical memorandum published on the IMF website on March 3.
βͺοΈThe ban applies to all hot and cold wallets controlled by state entities, including the Chivo crypto wallet, the National Bitcoin Office, the Rio Lempa Hydroelectric Commission (CEL), and other government-controlled legal entities.
βͺοΈHowever, Bitcoin confiscated or seized by law enforcement agencies is exempt from the ban and may remain under government control.
βͺοΈThe document also states that El Salvador cannot issue debt obligations or tokenized instruments denominated in Bitcoin if they create liabilities for the public sector.
βͺοΈPreviously, as part of an agreement with the IMF, the countryβs authorities amended the Bitcoin law: its use is now strictly voluntary, tax payments are accepted only in U.S. dollars, and government participation in Bitcoin-related projects is restricted.
βͺοΈEl Salvadorβs public Bitcoin wallet holds 6,100 BTC (~$510 million). The government had been regularly purchasing Bitcoin, but new acquisitions may now be prohibited following the IMFβs requirements.
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Bitcoin ETF Net Inflows: $350.48M (10 Straight Days)
BlackRock ($IBIT): $217.65M
Fidelity ($FBTC): $105.66M
Bitwise ($BITB): $14.57M
Ark Invest ($ARKB): $2.05M
Invesco ($BTCO): $6.18M
Franklin ($EZBC): $0.00M
Valkyrie ($BRRR): $0.00M
VanEck ($HODL): $0.00M
WisdomTree ($BTCW): $0.00M
Grayscale ($GBTC): -$5.69M
Grayscale Mini ($BTC): $10.06M
BlackRock ($IBIT): $217.65M
Fidelity ($FBTC): $105.66M
Bitwise ($BITB): $14.57M
Ark Invest ($ARKB): $2.05M
Invesco ($BTCO): $6.18M
Franklin ($EZBC): $0.00M
Valkyrie ($BRRR): $0.00M
VanEck ($HODL): $0.00M
WisdomTree ($BTCW): $0.00M
Grayscale ($GBTC): -$5.69M
Grayscale Mini ($BTC): $10.06M
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The US Supreme Court has declined to hear a case regarding the application of the Fourth Amendment to digital financial data and the IRS's ability to access it, marking a setback for privacy advocates and cryptocurrency companies like Coinbase.
The Supreme Court's decision upholds a longstanding principle: if you share your information with a third party, the government can often access it without a warrant.
The Supreme Court's decision upholds a longstanding principle: if you share your information with a third party, the government can often access it without a warrant.
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