XRP flips Ether’s FDV amid change in market dynamics

XRP’s fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko.  The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger’s decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana. As of … Read more

‘Scale or fail’: RLNC technology can boost Web3 adoption — MIT Professor

After 15 years of research at the Massachusetts Institute of Technology (MIT), Random Linear Network Coding (RLNC) is ready for commercialization in the Web3 industry, according to Muriel Médard, an MIT professor and founder of blockchain infrastructure developer Optimum. Optimum emerged from stealth on Feb. 28 as a decentralized memory infrastructure that can be utilized … Read more

BlackRock now holds over 567,000 BTC, valued at over $47 billion

BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin (BTC), valued at over $47.8 billion — making the asset manager one of the largest holders of BTC in the world. According to Arkham Intelligence, the asset manager’s most recent BTC acquisition occurred on March 14 … Read more

US House kills IRS DeFi broker rule, Solana won’t cut 80% inflation rate: Finance Redefined

In a significant regulatory development for the crypto industry, the United States House of Representatives voted to nullify a bill that threatened the privacy-preserving properties of decentralized finance (DeFi) protocols. In the wider crypto space, one of the Solana network’s most significant governance proposals was rejected; it sought to implement a mechanism to reduce Solana’s … Read more

Growth in Bitcoin and stablecoin adoption could accelerate dedollarization

The US dollar has long reigned as the world’s primary reserve currency and the default choice for global trade and international transactions. But its dominance is now facing growing scrutiny as shifting geopolitical and economic forces—and concerns over the potential weaponization of the greenback—push more countries to accelerate efforts to loosen their dependence on the … Read more

Argentina finalizes rules for virtual asset providers

Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions.  The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058.  According to a … Read more

Bolivia to use crypto to pay for energy imports — Report

Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production. A spokesperson for YPFB said that a system had … Read more

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