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This Crypto Sector Will Grow To $16 Trillion, Here’s How

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The world of crypto assets has seen significant growth in recent years, with the total market capitalization reaching over $ 3 billion in November 2021. A new sector within the cryptocurrency industry is poised to continue the trend and explode in growth terms. 

According to the decentralized finance expert under the pseudonym “Edgy,” the real-world asset sector (RWA) is set to change the course of the nascent industry. Edgy believes that the real-world asset sector could reach a market cap of $ 16 trillion by 2030, which could catalyze cryptocurrencies into the mainstream.   Read more...

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War On Bitcoin And Crypto: Here’s How The Industry Will

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If the US Securities and Exchange Commission’s (SEC) Wells Notice against Coinbase makes anything clear, it’s that the agency is at war with the crypto industry. Coinbase is the poster child for the American crypto industry and has always been committed to regulatory compliance and license registration – otherwise, the exchange wouldn’t have been able to get its IPO approved either.

Nevertheless, the SEC decided to send a Wells Notice to Coinbase focusing on staking and asset listings. A Wells Notice typically precedes an enforcement action, as CEO Brian Armston said.  Read more...

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White House Releases Economic Report On Bitcoin: Here’s What They Got Wrong

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The latest report from the Biden Administration writes off the benefits of Bitcoin while ignoring the fundamentals and economic activity that give it value.

The White House has released the extensive “Economic Report of the President,” which included a section titled “Digital Assets: Relearning Economic Principles.” This section detailed Bitcoin, its functionality and various “possible benefits that proponents claim for this popularity of crypto assets.” 

The proponent’s claims the report intends to address vary from crypto assets serving as investment vehicles and enabling fast digital payments, to improving the United States’ current financial technology infrastructure. The report then addresses the “Reality of Crypto Assets,” as the section is so titled, setting the record straight in the eyes of the Administration.   Read more...

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These 5 Cryptos Are Seen Shooting Up In Price With Bitcoin This Week – Here’s Why

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After Bitcoin led the rally among top cryptos yesterday and breaching the $ 28,000 level, there has been a reversal in the sentiment surrounding the digital currency market. According to CoinMarketCap, the total market valuation of cryptocurrencies rose by 2.17% in the past 24 hours, leading to investors grabbing profits as prices follow the alpha coin.

Altcoins have benefitted from this heavily. CoinGecko data shows that L1 tokens and Smart Contract-related coins have enjoyed a boost in price from the latest rally by Bitcoin. With the anticipation that the US Federal Reserve would not impose another interest rate hike, these five tokens below are expected to advance further in the coming days.  Read more...

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BNB Whales Dump Millions Of BUSD, Here’s What They Are Buying

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Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged. There has since been a slowdown in the selling but BNB whales are still getting rid of the troubled stablecoin in high numbers.  Read more...

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US Could Fall Behind In The Race To Lead Crypto Revolution, Here’s Why

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The United States which has always been the world’s second leading country in technology after Japan is about to step down to lose its race as a leader in cryptocurrency innovation and technology.

Over the past years, the US has been keen on regulating the industry, and while that is not a problem, the regulators have portrayed to be against the industry more than been interested in regulating it.

Could this be the downfall of the US in the race to lead the crypto revolution? A prominent lawyer suggests it could be.  Read more...

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Coinbase Introduces New Feature To Attract Millions Of Users To Web3, Here’s How

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Coinbase has announced the launch of a new feature that the largest exchange in the U.S. claims will attract millions of users to web3. The new product, “Wallet as a Service” (WaaS), will allow businesses to build new web3 experiences with simplified wallet onboarding.

With the creation of WaaS, companies can integrate native wallets into their applications. Users with access to Web3 multi-party computation (MPC), cryptographic technology that allows users to create a “key” to be shared between the end customer and Coinbase.

Major companies focused on creating Dapps, developing frameworks, and delivering token-based experiences on the web3, such as Floor, Moonray, Thirdweb, and Tokenproof are currently building on Coinbase’s WaaS.  Read more...

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Litecoin New Update Not Sufficient To Keep Miners Going – Here’s Why

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One of the ways to increase investors’ interest in crypto is network improvement. Developers of cryptocurrencies usually come up with improvement proposals to make the network efficient, accommodating the needs of the users and fixing issues hindering seamless transactions. 

In a recent development, Litecoin released a network upgrade to improve its network security and fix critical issues affecting nodes.

The Litecoin Foundation announced the update named Litecoin Core 0.21.2.2 on March 2 and shared the information on Twitter. But it seems the update is insufficient to keep miners’ interest in the network high, given the drop in LTC price.  Read more...

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Britain Wants To Get Ahead In CBDC Race, Here’s How

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With the rise of central Bank digital currency (CBDC) emerging and proving a notable use case, several central banks across the globe have been pressured into a race to work and experiment with developing their a central bank digital currency (CBDC). On Tuesday, Bank of England Deputy Governor Jon Cunliffe said Britain is competing in the CBDC race. 

This update comes months after the region announced its newly elected prime minister, Rishi Sunak, who is said to be a believer and supporter of the crypto industry. So far, Sunak has demonstrated more interest in stablecoins which has also played a massive role in Britain’s push for a digital pound.   Read more...

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Metaverse To Become Venue Of Colombia’s Court Trials – Here’s Why

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This month, a Colombian court conducted its first legal trial in the metaverse.

A court case involving parties to a traffic conflict was reportedly heard on February 15 in the Metaverse, as reported by Reuters on February 24.

Avatars were used to portray the lawyers and defendants involved in the case virtually.

The case at hand was “more real than a video chat,” Magistrate Maria Quinones Triana said in a recent report, who was clad in black legal robes.

The judge compared it to Zoom, wherein she stated that, “A lot of people switch off their cameras, you don’t know what they’re doing.”  Read more...

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Crypto Bill Seeks To Protect Financial Freedom, Here’s How

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Amid the turmoil that the Securities and Exchange Commission (SEC) and the crypto industry have been involved in over the past few weeks, digital assets may see a step forward in regulatory relief. In particular, new legislation seeks to enhance financial freedom for American customers in the U.S. 

On February 22nd, member of the House of Representatives Tom Emmer introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act to implement monetary policies that help to prevent the control of the economy and promote financial freedom for Americans. Tom Emmer stated:  Read more...

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Ethereum Rally A Bull Trap? Here’s What Taker Buy/Sell Ratio Says

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Is the latest Ethereum rally a bull trap or the start of a fresh bull market? Here’s what the ETH-taker buy-sell ratio says about it.

Ethereum Taker Buy/Sell Ratio Has Fallen Below 1 Recently

An analyst in a CryptoQuant post pointed out that the recent sentiment has been bearish according to the metric. The “taker buy-sell ratio” is an indicator that measures the ratio between the taker buy and taker sell volumes in the Ethereum futures market.  Read more...

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Here’s Why The Dogecoin Price Could See Another Bull Rally Soon

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Dogecoin (DOGE) like the rest of the crypto market has slowed down in the last day. This comes after a massive leg-up that saw the likes of Bitcoin and Ethereum break through four-month highs before correcting downwards. However, for Dogecoin, it looks like the party may not be over.

Dogecoin Social Sentiment Surges To October 2022 Levels

Dogecoin’s social sentiment has actually been on an uneven path over the last couple of months. The last time that the digital asset really saw a good surge was back in October of 2022. If you’re wondering why this month is significant, it is because this is the month that billionaire Elon Musk completed his takeover of the social media platform Twitter.  Read more...

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Dogecoin Wallet Abruptly Revives After 9 Years, Here’s How Much Profit It Made

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Data shows a Dogecoin wallet has suddenly come alive after being dormant for 9 years. Here’s how much profit its holder would have made.

Dormant Dogecoin Wallet Has Abruptly Revived After 9.1 Years

As per data from the cryptocurrency transaction tracker service Whale Alert, a very old DOGE wallet has shown some activity in the past day. This Dogecoin address had been sitting inactive since about 9.1 years ago and had been carrying a total balance of around 2,043,137 DOGE.

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Floki Inu (FLOKI) Gains Momentum – Here’s Why

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Floki Inu, a meme coin birthed by fans and the SHIB community, has joined the class of rising coins. The meme coin has seen tremendous performance over the past few hours after its governing DAO issued an important developmental proposal. 

The coin is a strict Shiba Inu competitor, hence the name “Shiba Inu-Killer.” Being the people’s cryptocurrency (governed by a decentralized autonomous organization), Floki received a community proposal to burn an enormous number of its circulating tokens. After the proposal issuance, FLOKI saw a massive price increase of 25%.   Read more...

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UK’s FCA Gives Regulatory Approval To Crypto Firms But Only A Few, Here’s Why

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Despite its goal to become a crypto hub, the United Kingdom (U.K.). is still strict with its crypto regulations. Today, the U.K. financial conduct authority disclosed its regulatory approval of crypto firms, and out of the 300 that applied for approval, only 41 were cleared. Rejected applications were referred to law enforcement agencies.

The U.K.’s FCA is a regulatory body focused on regulating the financial markets and companies in the region. The regulator aims to protect consumer funds and ensure legal and financial systems. Given its ability to authorize and oversee firms in the financial market, the FCA has an upper hand to either approve or disapprove the operation of crypto firms in the U.K.   Read more...

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Ripple Is Hosting A Panel On The Digital Pound, Here’s Why

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In its predictions for 2023, the Ripple leadership team highlighted Central Bank Digital Currencies (CBDCs) as one of the biggest trends, as Bitcoinist reported. To drive this agenda, Ripple continues to actively work with the private and public sectors.

One country where Ripple is very active is the United Kingdom. On Thursday, January 26, James Wallis, Vice President of Central Bank Engagements and CBDCs at Ripple will deliver the keynote at a webinar addressing the potential use cases and benefits of a digital pound.  Read more...

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Dogecoin Mining Profitability Higher Than Bitcoin, Here’s The Difference

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Dogecoin mining profitability is actually higher than that of bitcoin, according to data from the mining calculator website CoinWarz. With the market seeing declines over the past year, the mining industry has taken a hit when it comes to its profitability. This is evidenced by multiple miners going bankrupt while others continue to struggle to keep the lights on. With prices so low, it looks like it is more profitable to mine the meme coin than the OG bitcoin.  Read more...

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Is The NFT Bull Market Back? Here’s What The Data Says

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The NFT market took a rather significant beating in the year 2022 despite reaching its peak trading volume at the start of the year. Since then, volume is down more than 94% as investors move away from these highly illiquid assets. However, there has been an upturn in NFT volume in the last month, so is the NFT bull market back?

What The Data Says

Looking at data from IntoTheBlock, it does show that there has been a rise in NFT trading volume over the last month but this has not been steady growth. In fact, the graph shows more of a zig-zag pattern meaning that the volume has seen highs and lows during this time.  Read more...

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