BRICS Announcement: De-Dollarization on the Horizon Kremlin aide Yury Ushakov has announced plans for a BRICS-led payment system based on blockchain. This move aims to reduce reliance on the US dollar in international transactions. Blockchain Revolution: A Secure, Transparent Ledger Blockchain is a decentralized digital ledger system that records every transaction securely and transparently. This…
Investor Jitters Bitcoin has hit a new high, but some investors are cautious. They’re not as excited as when it hit $60,000, and they’re looking at other cryptocurrencies. Bitcoin’s Balance Despite the caution, there are reasons to believe Bitcoin’s rally could continue. The current excitement is more balanced than at the $60,000 mark, which could…
Whale Activity and On-Chain Buying Ethereum (ETH) has seen a bullish weekend, with a 4.31% price surge in the last day. This rally is attributed to increased Ethereum accumulation by whales. Wallets linked to PulseChain and PulseX have purchased 163,295 ETH in just four days, totaling $621 million DAI. Additionally, a high whale trade volume…
Binance is adding support for a new altcoin that facilitates decentralized derivatives trading through its Launchpool platform. Launchpool Details The 48th Launchpool project will be Aevo (AEVO), an Ethereum-based exchange offering options, perpetual futures, and other products under a single margin account. Starting March 10th, Binance users can stake BNB and FDUSD to earn AEVO…
Sam Altman’s Worldcoin, a crypto project focused on privacy, is taking legal action against Spain after the government banned it. AEPD’s Order The Spanish Data Collection Agency (AEPD) ordered Worldcoin to stop collecting data, claiming its eye-scanning process violated users’ privacy. The AEPD also demanded that Worldcoin discard all collected data. Worldcoin’s Response Worldcoin denies…
Wall Street is keeping a close eye on a massive $8.8 trillion pile of cash that could spark a significant market rally. Money Market Cash Surge Over the past year, investors have flocked to money market funds amid banking concerns and the Federal Reserve’s interest rate hikes. These hikes boosted returns on short-term Treasury investments….
Sony’s Patent Application Gaming giant Sony has filed a patent application for “super-fungible tokens” specifically designed for gaming. The application, submitted in 2022, outlines a system that tracks gaming assets and creates these unique tokens. What are Super-Fungible Tokens? Super-fungible tokens are essentially a bundle of non-fungible tokens (NFTs) that represent ownership of a specific…
Ubisoft Joins XPLA as Validator Ubisoft, a renowned video game company, has become a node validator in the XPLA blockchain ecosystem. This move reflects Ubisoft’s commitment to exploring blockchain technology through its Strategic Innovation Lab. XPLA is a Layer 1 blockchain designed for digital media content, with a focus on “Explore and Play.” Ubisoft’s participation…
Wyoming is cementing its reputation as a crypto-friendly state with the passage of the Decentralized Unincorporated Nonprofit Association Act. DAO Legal Framework This legislation establishes a legal framework for Decentralized Autonomous Organizations (DAOs), addressing the challenges of fitting them into existing financial regulations. DAO Structure and Governance DAOs are decentralized organizations governed by community members…
Rising Excitement Shiba Inu (SHIB), the meme coin inspired by the Shiba Inu dog breed, has been making waves in the crypto market. After a brief dip, it’s now on a bullish run, with traders predicting it could surpass Dogecoin (DOGE). Strong Rebound According to Santiment, a crypto intelligence platform, SHIB is poised for a…
