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A Market Rebound and Mixed Reactions. A pair of posts by President Donald Trump regarding his plans for a US crypto reserve triggered a significant marketwide rebound in cryptocurrencies on March 2. The global market capitalization surged nearly 7%, reaching $3.04 trillion, according to Cointelegraph. However, a closer examination reveals that the concept of a…
Solana Co-Founder Rejects US Crypto Reserve, Cites Decentralization Risks. In a bold statement, Solana co-founder and CEO Anatoly Yakovenko has expressed his preference for a ‘no reserve’ approach to US cryptocurrency management. He argues that government control could jeopardize the core principles of decentralization that underpin the crypto ecosystem. On March 6, Yakovenko took to…
Trump’s WLFI Triples Ether Holdings Amid Market Turmoil The decentralized finance (DeFi) platform associated with US President Donald Trump has made headlines by significantly increasing its Ether holdings over the past week. This surge comes in the wake of a notable dip in the cryptocurrency market, where Ether’s price briefly fell below the critical $2,000…
Tether Freezes $27 Million USDT on Sanctioned Russian Exchange Garantex. Tether, the leading stablecoin issuer, has taken a decisive step in the ongoing conflict involving cryptocurrency and international sanctions. On March 6, Garantex, a Russian cryptocurrency exchange, announced via its official Telegram channel that Tether has frozen wallets containing over 2.5 billion rubles, equivalent to…
Axie Infinity Unveils New Web3 Game: Atia’s Legacy In a thrilling announcement, the popular non-fungible token (NFT) gaming project, Axie Infinity, has released a captivating trailer for its upcoming massively multiplayer online (MMO) game, Atia’s Legacy. This new venture is set within the expansive Axie universe, and it promises to elevate the gaming experience for…
What’s Driving Today’s Surge? As of March 6, the global crypto market capitalization has reached an impressive $3.10 trillion, marking a significant 5% increase over the last 24 hours. Leading this intraday rally are top cryptocurrencies, Bitcoin and Ether, each experiencing a robust daily gain of 5.6%. This remarkable recovery in the crypto market closely…
Understanding the Ethereum Prague-Electra (Pectra) Upgrade The Ethereum blockchain is on the brink of a significant transformation with the upcoming Prague-Electra (Pectra) upgrade. This upgrade is poised to enhance the network’s efficiency, scalability, and security, making it a pivotal moment for developers and users alike. In this article, we will delve into the details of…
Emirates NBD Launches Crypto Trading on Liv X App In a significant move for the financial landscape, Emirates NBD, one of the largest banking groups in the Middle East, has officially launched its crypto trading services through the Liv X app. This innovative offering is a collaboration with Aquanow and Zodia Custody, marking a pivotal…
Indian Town Revolutionizes Land Records with Avalanche Blockchain. A groundbreaking initiative in Dantewada, Chhattisgarh, has set a new standard for land governance in India. The district administration has successfully digitized over 700,000 land records, securing them on the Avalanche blockchain to ensure transparency and prevent tampering. This innovative move marks a significant step towards modernizing…
Bitcoin Surges Past $92K Amid Ongoing ‘Extreme Fear’ Sentiment Bitcoin has recently made headlines by climbing approximately 16% after dipping below $79,000 on February 28. As of now, the cryptocurrency is trading at $92,170, reflecting a 5.7% increase over the past 24 hours, according to CoinMarketCap data. However, despite this impressive price recovery, the overall…
