On March 12, Sweden’s Central Bank Governor, Erik Thedeen, cautioned against significant integration of Bitcoin into the country’s financial infrastructure, highlighting its speculative characteristics and the risk of potential investor losses. Thedeen, who heads the Riksbank, Sweden’s central bank responsible for monetary policy and the issuance of the Swedish krona currency, underscored that Bitcoin is…

in brief The Canton Network pilot by Digital Asset achieved successful execution, with participation from key firms including Goldman Sachs and BNY Mellon. The pilot showcased smooth tokenized asset transactions, indicating the network’s capability to facilitate seamless financial operations. Over 350 simulated transactions were conducted during the test, spanning across different facets of the financial…

summary Drake posted a snippet of Michael Saylor’s CNBC interview discussing Bitcoin to his vast Instagram following of 146 million, emphasizing Bitcoin’s superiority over gold as an asset. This share signifies significant celebrity involvement with cryptocurrency, potentially swaying public attention towards digital assets. MicroStrategy persists in its assertive investment approach towards Bitcoin, acquiring an extra…

in brief Gnosis Chain, a notable sidechain in tandem with Ethereum, has effectively integrated the Dencun upgrade. This upgrade introduces type 3 blob transactions on Gnosis Chain, specifically designed to bolster scalability for decentralized applications (dapps). The deployment of blobs on Gnosis Chain precedes their anticipated implementation on the Ethereum mainnet, set to occur concurrently…

Paolo Ardoino, CEO of Tether, the issuer of USDT, the world’s largest stablecoin by market capitalization, has taken a swipe at Digital Currency Group (DCG), a troubled crypto firm currently embroiled in a legal battle with the New York Attorney General (NYAG). In a post on X on March 11, Ardoino derided DCG following the…

On March 11, Israel’s Central Bank announced its intentions to introduce an interest-bearing Central Bank Digital Currency (CBDC) named the “digital shekel.” The Bank of Israel (BoI) detailed this initiative in a recent document, outlining essential aspects including wallet provisions and bank payment services. Israel is gearing up for the introduction of the “digital Israeli…

in brief Jamie Dimon maintains skepticism regarding Bitcoin, even as its price soars to $72,000. He critiques Bitcoin’s volatility and its connection with illicit activities. However, Dimon acknowledges people’s right to purchase Bitcoin. Dimon’s perspective mirrors a wider skepticism among financial figures regarding the fundamental value of cryptocurrencies. In the realm of cryptocurrency, the atmosphere…

summary Bored Ape Yacht Club (BAYC) NFTs, once highly sought-after on Ethereum’s NFT market, are now experiencing value declines. The current floor price for BAYC is approximately 13 ETH or $51,000, marking a significant drop from its previous levels. BAYC’s current value is 91.3% lower than its all-time high floor price of 153.7 ETH, recorded…

During an interview on March 11, FOX Business analyst Eleanor Terrett highlighted the growing influence of the cryptocurrency sector as the 2024 U.S. elections approach. Terrett pointed out the escalating prominence of crypto advocacy groups such as Coinbase’s “Stand With Crypto Alliance,” which has amassed a membership exceeding 310,000 individuals. Speaking with Tony Edward of…