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Credit: Image by Yahoo via YAHOO NEWS XRP Surpasses Ether’s FDV: A Shift in Blockchain Dynamics The recent surge in XRP’s fully diluted valuation (FDV) has marked a significant turning point in the competitive landscape of layer-1 (L1) blockchain networks. As of March 14, XRP’s FDV reached approximately $235 billion, surpassing Ether’s FDV by over…
Credit: Image by Yahoo via YAHOO NEWS US House Overturns IRS DeFi Broker Rule, Solana Inflation Proposal Fails. The recent decision by the United States House of Representatives to nullify the IRS DeFi broker rule marks a pivotal moment for the cryptocurrency industry. This move has been celebrated by many as a significant victory against…
Credit: Image by Yahoo via YAHOO NEWS BlackRock’s Bitcoin Holdings Surpass 567,000 BTC Worth $47 Billion. BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin, valued at over $47.8 billion — making the asset manager one of the largest holders of BTC in the world….
Credit: Image by Yahoo via YAHOO NEWS Bitcoin and Stablecoin Adoption: A Catalyst for Dedollarization. A US-led tariff war, combined with preexisting economic sanctions, is driving countries to explore alternatives to the US dollar. The rise of Bitcoin and stablecoins is becoming a significant factor in this shift, as nations seek to reduce their reliance…
Credit: Image by Yahoo via YAHOO NEWS Crypto Influencer TJ Stone Sentenced to 45 Months for Wire Fraud. Thomas John Sfraga, widely known as “TJ Stone,” has been sentenced to 45 months in prison for his involvement in a wire fraud scheme that targeted unsuspecting crypto investors. In addition to his prison term, Sfraga has…
Credit: Image by Yahoo via YAHOO NEWS Bitcoin’s Bull Market Faces Challenges Amid US Recession Fears. In the first three months of his presidency, Donald Trump has ignited trade tensions by announcing tariffs on Canada, Mexico, and China, resulting in unexpected turmoil in US and global markets. The fallout from these tariffs has been swift,…
Court Approves 3AC’s $1.53B Claim Against FTX: Major Creditor Battle Ahead. The Delaware bankruptcy court overseeing the FTX estate has made a significant ruling, allowing Three Arrows Capital (3AC) to expand its claim against the estate from an initial $120 million to a staggering $1.53 billion. This decision represents a crucial development in the ongoing…
Credit: Image by Yahoo via YAHOO NEWS Argentina Sets New Regulations for Virtual Asset Providers. Argentina’s securities regulator, the Comisión Nacional de Valores (CNV), has officially finalized comprehensive rules for virtual asset service providers (VASPs). These regulations aim to establish a robust framework for the operation of cryptocurrency exchanges and platforms that facilitate digital asset…
Weekly Crypto Recap: Regulatory Advances Amid Market Struggles. This past week was marked by significant downturns in both the cryptocurrency and traditional markets. Bitcoin, the leading digital asset, saw a sharp decline, dropping below $80,000 on March 10. Ethereum (ETH) also faced challenges, falling to $1,821 on the same day. This downturn came despite the…
Credit: Image by Yahoo via YAHOO NEWS Bolivia Embraces Cryptocurrency for Energy Imports Amid Crisis. In a significant move to address its ongoing energy crisis, Bolivia’s state-owned energy firm, YPFB, is set to utilize cryptocurrency for paying energy imports, as reported by Reuters on March 13. This decision comes in response to the South American…
