quick take Bitcoin’s price soared by 45% in February, surpassing the $60,000 mark for the first time since November 2021 and approaching its all-time high. Grayscale analysts warn that rapid inflation and the possibility of continued high interest rates set by the U.S. Federal Reserve might impede further increases in cryptocurrency valuations. Despite acknowledging potential…

summary The Texas Blockchain Council achieved a significant victory over the Biden administration in supporting Bitcoin miners, marking a pivotal moment in the dialogue between government and the cryptocurrency sector. Their advocacy efforts, representing the interests of Texas’s blockchain community, led to favorable outcomes amidst concerns over Bitcoin mining’s environmental impact. This win underscores the…

The Wall Street Journal is currently embroiled in a defamation lawsuit regarding an article that allegedly falsely implicated a Thai-based aviation fuel broker and his company in illicit activities associated with stablecoin issuer Tether and cryptocurrency exchange Bitfinex. Christopher Harborne, the proprietor of AML Global Ltd., initiated the lawsuit in a Delaware state court on…

summary As of March 1, Ripple has secured 800 million XRP in its escrow accounts, marking a notable departure from its typical escrow practices. At the beginning of the month, only 500 million XRP was unlocked, demonstrating an adjustment in the quantity of XRP held in escrow to maintain market liquidity. Transactions were conducted in…

summary Upon the launch of the Blast Mainnet, users withdrew $400 million, unlocking $2.3 billion in staked crypto. Blast provides up to 5% APY on Ether and stablecoins generated from staked ETH and T-Bills. Controversies emerge regarding withdrawal restrictions, marketing tactics, and alleged exit scams. The eagerly awaited mainnet launch of Blast, a layer-2 blockchain…

According to Chainalysis’s 2024 Crypto Crime Report, privacy coins are facilitating the proliferation of child sexual abuse material (CSAM). The report underscores crypto’s increasing utilization as a means of payment among dark web vendors involved in CSAM. Similar to other items available on the dark web, CSAM is frequently traded using Bitcoin. However, the privacy-focused…

On March 1, a cryptocurrency trader took to social media to share an intriguing story, detailing an inadvertent purchase of a non-fungible token (NFT) at a staggering 1,000% markup from its listing price. Identified by the username PrincePablos, the trader mistakenly bought a Bitcoin Ordinals NFT for 0.21 BTC (approximately $12,877), despite its listing price…

summary El Salvadorian president Nayib Bukele responds to critics as the country’s Bitcoin (BTC) portfolio experiences a gain of over 40% during the Bitcoin bull market. Peter Schiff, a prominent Bitcoin skeptic, challenges Bukele to acknowledge the profits before boasting about them. Nayib Bukele delivers a brief rebuttal, urging Schiff to “cry harder.” Schiff’s comments…

BlackRock plans to expand Brazil’s cryptocurrency market by unveiling the nation’s premier spot Bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust BDR (IBIT39). Scheduled to debut on March 1st on Brazil’s primary stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will initially target qualified investors. There are intentions to broaden…

summary House Committee votes to overturn SEC rule on crypto custody, aiming to facilitate bank involvement with digital assets. Bipartisan support with 31 members backing the resolution, citing concerns over bank barriers in crypto. Critics caution against overturning SAB 121, fearing loss of SEC clarity and potential impact on the crypto industry. The House Financial…