digital

Germany's central bank joins global financial tokenization initiative

Germany's central bank, Deutsche Bundesbank, has joined Singapore's Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) to modernize financial markets through asset #tokenization .
Launched in 2022, Project Guardian will work with financial institutions and global regulators to set industry standards and promote the adoption of tokenized assets in capital markets, ultimately leading to greater global financial connectivity.
the participation of the Bundesbank, one of Europe's leading central banks, signals progress in integrating #digital assets into the mainstream financial system. The bank is actively participating in the pilot project Project Guardian, which aims to create a #blockchain platform for the efficient management of cross-border assets.
Burkhard Balz, a member of the Bundesbank's Executive Board, emphasized that the project is in line with European research on distributed ledger technology (DLT) and the application of blockchain in finance.
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Permanent link to this post: the House Oversight and Government Reform Committee wants to investigate the FDIC's debanking practices under the previous administration.

Chairman Comey released the agency's uncut records to investigate these cases.
Custodia Bank CEO Caitlin Long says President Trump has done nothing to address the problem of debanking.
The House Committee on Oversight and Government Reform is investigating the actions of the Federal Deposit Insurance Corporation (FDIC) under the previous administration.
The focus of this investigation is whether financial institutions were forced to shun #digital assets.
The focus of this investigation is whether financial institutions were forced to shun digital assets, which could stifle innovation and limit access to banking services for people and businesses.
The new acting FDIC chairman, Travis Hill, said that under President Biden, the agency was concerned about banks' attempts to offer #cryptocurrency services. He expressed concern about the antagonism. One possible reason was reports that some companies and individuals were allegedly forced into bankruptcy because of their alleged involvement in #cryptocurrencies , and he warned of perceived overreach by the regulator.
In early February, the FDIC released a redacted version of a document about its interactions with banks that had been released to the public. Sixty-four documents reveal correspondence with 24 banks that received suspension letters, while 111 documents show records of correspondence with the FDIC and cryptocurrency-related activities of other regulated institutions.
However, House Oversight and Government Reform Committee Chairman James Comer argues that full disclosure of the documents is necessary to better understand the situation. He has already requested access to uncensored FDIC documents to understand why the FDIC ordered banks to refrain from cryptocurrency projects.

He also asked them to share their experiences with the FDIC.

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#BlockchainFuture #TrendingTopic

On Capitol Hill, legislative debate is intensifying on two key cryptocurrency bills.

On Wednesday, the Senate Banking, Housing and Urban Affairs Committee will examine a bipartisan legislative framework for #digital assets.
March 5, the House Financial Services Committee will hear testimony on Stablecoin and
On Tuesday, White House Director of Artificial Intelligence and #Cryptocurrencies David Sachs held his first press conference on cryptocurrencies, outlining legislative priorities, the first time the Trump administration will look to regulate the industry. The key steps are a market structure bill and a comprehensive stable coin bill. At the event, which was attended by key House and Senate leaders, Senate Banking Committee Chairman Tim Scott (Republican) announced his intention to bring both key #cryptocurrency bills to a vote in the Senate before the end of the president's term.
Last year, there was a bipartisan call for a cryptocurrency bill in Congress, but in 2024.
earlier this month, Senator Tim Scott (Republican), chairman of the Senate Banking Committee, tried to fulfill a campaign promise related to the digital asset industry during the 100 days of President Donald Trump's cryptocurrency-friendly administration, and among others involved in pushing for a cryptocurrency bill, promised to pass a bill on the structure of the stablecoin market and regulatory framework.
the Financial Innovation and Technology for the 21st Century Act (FIT21) was passed by the House of Representatives last year. However, as the new Congress begins its work, this market structure bill must be approved again by House members before it moves to the Senate.
Meanwhile, the GENIUS Act, which gives issuers of stable coins, including #Tether and Circle, a federal path to legalization in the U. S. , is gaining momentum.
CBDCs are similar to stable coins as assets tied to the price of fiat currencies such as the U. S. dollar.

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#CryptoUpdates

In a note to clients released today, Bernstein analysts led by Gautam Chhugani are confident that bitcoin will eventually replace gold as a reliable security asset, the note said.

We expect #bitcoin to become a major asset of a new era over the next 10 years, replacing gold, becoming an integral part of institutional multi-asset holdings and the standard for corporate financial governance.
Bitcoin is up 141% since the beginning of the year. But much of that growth was due to the victory of pro-cryptocurrency Republican candidate Donald Trump in the 11th U. S. presidential election.
After Trump's victory, the #cryptocurrency market saw a surge of optimism as the president-elect is expected to create a favorable regulatory environment for #digital assets. Since 11/4, the total cryptocurrency market has grown from a staggering 2.4 trillion to a staggering 3.9 trillion at the time of writing, representing a staggering 62.5% growth.
In his post, Bernstein predicts that #Btc could rise in value to 200,000 baht by the end of 2025. The trading firm's predictions are in line with those of Charles Edwards, founder of Capriole Investments, and BTC could double in value within weeks as its relatively low market value allows for faster price movements.
Bernstein's optimistic forecast cited mainstream adoption of bitcoin as a key factor in its success. A. It was complemented by Gil Luria, an analyst at Davidson. However, he warned that bitcoin still has a long way to go before it becomes widely accepted as a medium of exchange and unit of account. This is the first time I've ever seen a video with a girl in it. :
Bitcoin is currently being used as a savings vehicle, a low correlation asset that replaces gold as a hedge against declining economic stability.
While bitcoin is not yet widely recognized as a currency, it has gained popularity as a reliable asset class on companies' balance sheets. Recently, Hut8, a leading cryptocurrency mining company, announced plans to create a strategic reserve for btcoin.
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#CryptoMarketTrends

XRP investors have made more than $500 million in the past 48 hours.

Short-term holders are responsible for much of the selling after the CME announced #XRP futures.
XRP could fall nearly 20% to $2.62 as bulls show signs of exhaustion. Potential. Ripple's
XRP fell 3% in early trading on Friday as blockchain and technical indicators show bulls are losing momentum
XRP fell 3% in early trading on Friday as U. S. President Donald Trump signed the Presidential Task Force on #Digital Assets. Despite the positive developments surrounding the signing of the executive order creating the Presidential Task Force on Digital Assets, the cryptocurrency showed no signs of recovery.
According to Eleanor Terrett of Fox Business, the Chicago Mercantile Exchange (CME) has not decided to launch a futures contract on XRP. This disappointment could be the reason for the market weakness.
the news caused a wave of negative sentiment in the XRP community, which was waiting for the launch to confirm the possible approval of the Securities and Exchange Commission (SEC) XRP ETF.
as a result, the #token has continued to strengthen, and in the last 48 hours investors have made a profit of $ 500 million.
Realized gains were driven by potential selling activity from short-term holders, as evidenced by small jumps in turnover over 90, 180 and 365 days of hibernation.
additionally, XRP's open interest (OI) growth has stalled over the past few days, reaching up to 2.14 billion XRP from an all-time high of 2.34 billion XRP. Open interest is the total number of open contracts in the derivatives market; a decline in OI indicates that traders are closing positions.
Despite the decline in OI, XRP bulls still dominate the spot market after net outflows increased on #Binance and Kraken last week. dominate the spot market. dominate the spot market. However, Coinbase and Bitstamp saw inflows.

According to Coinglass, $ 10.

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Hackers attacking decentralized exchange (DEX) KyberSwap have been seen moving millions of digital assets from one blockchain to another.

On February 26, analytics firm PeckShield detected the moves from the attacker's wallet address to KyberSwap.
According to the #blockchain data, the hacker moved 798.8 Ether (ETH) worth nearly £2.5 million from Arbitrum to the #Ethereum network.
In addition to the £2.5 million, the hacker also transferred about $1 million in stable coins. A wallet associated with Exploiter transferred £826,500 in stable #Dai (DAI) coins to another wallet.
The KyberSwap hack was one of the biggest hacks of 2023, with DEX notifying the community on November 23 that a "security incident" had occurred and advising users to withdraw funds.
It was initially reported that around £46 million of #digital assets had been withdrawn as a result of the hack. However, it was later revealed that the total loss amounted to £49 million.
That day, the hacker also left a message online for the KyberSwap team saying that negotiations would begin "after a full rest".
In response, the KyberSwap team offered a reward of £4.6 million in exchange for 90% of the stolen funds.
However, the reward negotiations took a nasty turn when hackers began to express their dissatisfaction with KyberSwap's approach.
On November 29, the hacker posted online that he would postpone negotiations if the KyberSwap team continued to threaten legal action or threats, which the hacker described as unfriendly.
The hackers then made an unexpected demand, demanding full control of KyberSwap and all of its assets.
The hackers also claimed temporary full right and possession of KyberDAO, which acts as Kyber's governance structure, and all Kyber-related documents.
The company was given until December 10, 2023 to make a decision before the "contract expires.

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#CryptoAdoption

Ripple seeks April 16 deadline to file a cross-appeal against the SEC Ripple has requested an April 16, 2025 deadline to file a cross-appeal in its ongoing proceeding with the SEC.

the SEC argues that sales of #XRP to retail investors should be classified as securities.
legal experts speculate that the SEC may withdraw the appeal as the case progresses.
#Ripple Labs has filed an appeal in its litigation with the SEC. A new deadline has been officially requested.
Ripple's legal team filed a request for April 16, 2025. Crypto giant Ripple continues its fight with the SEC over the classification of XRP sales
This move follows the SEC's appeal filed on January 15. It challenges the New York District Court's 2023 ruling.
the court ruled partially in favor of Ripple. It ruled that sales of XRP to retail investors are not securities. However, the SEC's appeal argues that these retail sales should in fact be subject to the securities laws.
The SEC's appeal is based on the argument that, among other things, sales of XRP to retail investors should be classified as securities.
The SEC's position is that sales to Ripple's employees and business partners are not securities. The SEC's position is that these sales to Ripple's employees and business partners are not securities; the SEC's position is that these sales and gifts should have been subject to regulatory oversight. In 2023, Ripple won a partial victory when a court ruled that sales of XRP to retail investors were not securities. The ruling allowed Ripple to maintain its position as a major player in the #cryptocurrency market.
However, Ripple still had to pay a fine of more than $125 million. This was for institutional sales, which the court found to be a violation of securities rules.
the SEC's appeal seeks to overturn the decision. According to the regulator, the lower court erred in its decision, especially with regard to the classification of XRP sales.
This dispute highlights the ongoing debate over how #digital assets should be treated under U. S. securities laws.

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Senator Cynthia Lummis is actively working on a bill to create a bitcoin reserve in the U.S. and has scheduled a meeting in Washington on March 11 to discuss the initiative with industry leaders, Bitwise CEO Hunter Horsley told CNBC Fast Money this week. He told CNBC Fast Money this week.

Asked about the seeming lack of movement on the possibility of creating a strategic #bitcoin reserve in the U. S. , Horsley confirmed that the concept is definitely in play.
It's one of the things we need to evaluate. . It was in President Trump's executive order shortly after he took office. It's on the Treasury Department's agenda, Horsley said. Senator Lummis is working on a related bill.
Moreover, on March 11, she will be hosting a meeting where I and many other CEOs will be in Washington, D. C. , to discuss this initiative, he added.
Horsley also noted that various countries are embracing bitcoin, citing the recent purchase of bitcoin by investment firm Mubadala as an example. According to recent SEC filings, Abu Dhabi's sovereign wealth fund invested about $437 million in Blackrock's bitcoin fund, iShares Bitcoin Trust.
According to the Bitwise co-founder, about 11 countries are now using bitcoin to some degree. to some degree. are using bitcoin. This fact confirms the legitimacy of bitcoin as a strategic asset.
Believe it or not, but it is quite real, he said.
Bitcoin's exchange rate has been volatile in recent weeks amid macroeconomic uncertainty. On Thursday, BTC fell below $80000 for the first time since November.
Commenting on bitcoin price volatility, Horsley said it is a well-known feature of #digital assets, but it still surprises people.
He said that historically, the first quarter is the best time for investors to
Mr. Horsley also noted that during this period of bitcoin price volatility, Bitwise has attracted the attention of more traditional investors such as asset managers, wealth managers and banks.
I think price is always the story in this sector.

the US Securities and Exchange Commission recently dismissed enforcement actions against #Coinbase and #Uniswap .

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#DigitalCurrency

It's still taxpayer money, and we have a responsibility and a duty to protect it, state Rep. Stephen Kelly said on the House floor Feb. 22, adding that this type of investment is too risky

State #Rep . Bill Mercer also didn't like the idea of a Montana Investment Commission. That's not why I'm here, he said, adding, like another legislator, I smell speculation.
Montana Update: #Bitcoin Reserve Bill HB 429 failed to pass its second reading in the Montana House of Representatives. The bill was effectively repealed.
the vote was 41 to 59. The vote was largely along party lines, with many Republicans voting against the bill.
analysis However, Representative Lee Deming argued that Montana should strive to maximize the use of its tax dollars, and this bill would help with that.
If we're going to keep the tax, I think we have an obligation to get the most out of the money that's out there.
The only risk is not passing this bill, said bill sponsor Curtis Schommer, who said the Montana Investment Commission Continuing the Investment Commission's investment in bonds would result in a loss of purchasing power, he emphasized. Montana State Representative Steve Fitzpatrick said the Montana Investment Commission has a lot of bank deposits that could be better utilized by investing in precious metals and #digital assets
we can return those funds to the taxpayers and ultimately return more money, lower taxes and provide the economic relief that people have been waiting for.
Other lawmakers saw potential in Bill 429, but called for more amendments. This was the first time the Montana Business and Labor Committee voted in favor of it on February 19. It came just days after the Montana Business and Labor Committee passed Bill 429 by a 12-8 vote.
Twenty-four states, including New Hampshire, New Mexico, New Mexico, North Dakota, Ohio, Ohio, Oklahoma, Pennsylvania, South Dakota and Texas, have introduced a bitcoin reserve bill.
According to Bitcoin Laws, bills in 20 of those 24 states Utah made the most progress among U. S.
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