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According to a recent MIT master’s thesis by a U.S. Space Force major, Bitcoin (BTC) is more than just an online payment method. Instead, the paper mentioned that the Pentagon should use it as a weapon in modern conflicts. According to Major Jason Lowery, the proof-of-work (PoW) consensus protocol used by BTC represents a significant change in the potential for global warfare. Instead of having soldiers on the ground and missiles in the air, countries can battle each other for block rewards. Lowery is a U.S. National Defense Fellow at MIT. He is also an astronautical engineer on active duty with the U.S. Space Force. According to the biography of his most recent book, his responsibility is to counsel top military people on the ramifications of Bitcoin. In some aspects, Lowery compares the role of PoW competitors, to that of a game of chess and the Olympics during the Cold War. It involves a sort of rivalry that is less violent than a shooting match. The victor in PoW competitions ac...

Join Our Telegram channel to stay up to date on breaking news coverage DeeLance is a new entrant in the decentralized cryptocurrency market, bringing forth a space where the world works together smartly. It operates as a freelancing and recruitment platform based on Web3 technology to revolutionize how freelancers connect with potential employers. As a #freelancer, it's important to have a platform that values and protects your work. #Deelance does just that, with its #decentralized solutions and transparent payments… Visit today! https://t.co/SllWxefpkj#Crypto #Digitalmarketing #BSC — DeeLance (@deelance_com) March 28, 2023 The platform is built atop a solid foundation, supported by three strategic pillars. Cutting-edge non-fungible token (NFT) marketplace. A revolutionary metaverse. An innovative recruitment platform These three fundamentals provide comprehensive infrastructures to streamline the freelance process while creating a more seamless experien...

In early March, a couple of major U.S. Banks were on the verge of collapse. However, the federal government along with other prominent financial institutions stepped in and took decisive actions. Testifying during a hearing of the House Financial Services Committee recently, Nellie Liang, the U.S. Treasury Department’s Undersecretary for Domestic Finance asserted that the American economy relies on a “healthy and diverse” banking system. Liang said that the Treasury continues to “closely monitor” developments across the banking and financial system. Parallelly, it is coordinating with federal and state regulators as well. Opining on the current state of affairs, she said, “We think the system has stabilized. We have information and evidence that deposits have stabilized.” Liang added that the regulators will need to address reforms going forward to cater to the concerns about moral hazard. Also Read: Hong Kong Regulators to Assist Crypto Firms with Banking The crypto t...

Join Our Telegram channel to stay up to date on breaking news coverage The new play-to-earn (P2E) sensation, the “Fight Out” game has reached an impressive milestone, raising over $6 million in the presale which ends in less than 72 hours. The FGHT presale ends on March 31 at midnight as the crypto community anticipates the much-awaited listing on exchanges on April 5.   $FGHT is going live on @LBank_Exchange 🚀 ⏰ Trading from April 5th at 9:00 AM UTC. Set your reminders 👉 https://t.co/9pikKGRjSd #Crypto #Listings #Presale https://t.co/wbtAZgT1DZ — Fight Out (@FightOut_) March 29, 2023 With its unique concept and promising growth potential, gamers, and investors are urged to take advantage of this exciting opportunity. Investors still have time to get the $FGHT token for $0.0333, but they will have to move fast as the price is expected to rise once it is listed on exchanges.  Fight Out is the first avatar-based P2E g...

Balaji Srinivasan, who used to be the chief technology officer of Coinbase, thinks that Bitcoin (BTC) is a way for US citizens to leave the money system and get away from government control. In a new interview with Bitcoin bull Anthony Pompliano, Srinivasan says that the Federal Reserve’s plan to start its new digital payment and settlement service, FedNow, in July worries him in particular. The service is called a central bank digital currency by the former CTO of Coinbase (CBDC). Srinivasan says that FedNow could give the government more power over how people spend their money. “It’s really going to be one of two things. First, there are all kinds of chaotic printing and bank runs in the weeks to come, as worried depositors check on their funds, and the big branch point is whether they wire it to big banks or they turn it into Bitcoin. And that determines literally whether freedom lives, as funny as that sounds. Because if everybody wires to big banks, ...

Bitcoin (BTC), the original cryptocurrency, witnessed a spike in fund inflows after the banking crisis in the United States. However, investors are now facing a new set of problems: low liquidity and increased slippage. The market depth for Bitcoin (BTC) implies that liquidity is at a 10-month low. According to Kaiko, BTC’s liquidity is significantly lower than it was during the FTX meltdown in November. According to Kaiko, the market depth for BTC-USD and BTC-USDT is 5,600 BTC, or roughly $155 million. Kevin de Patoul, CEO of Keyrock, says that liquidity will remain a challenge in the short term. Furthermore, slippage for BTC trades has also increased. Slippage is a liquidity metric that quantifies how much a trade’s price changes from placement to execution. According to Kaiko, slippage for purchasing Bitcoin (BTC) using U.S. dollars on Coinbase is 2.5 times higher than it was at the beginning of March. In the last month, the slippage for a hypothetical $100,000 sell or...

The founder of NMKR, Patrick Tobler (@Padierfind), shared a recent video by Cardano’s Charles Hoskinson in a tweet this morning. In the tweet, Tobler stated that the recent video by Hoskinson served as a reminder for him as to why he joined the Cardano (ADA) ecosystem. Tobler stated that he joined the Cardano ecosystem because he believed in its power to “level the playing field for everyone,“ and mentioned the high levels of inclusivity native to the Cardano ecosystem. Sometimes you need a reminder of why you're even doing what you're doing. This video from @IOHK_Charles was that reminder for me today: https://t.co/cBLZJAdkXh. I joined Cardano because I believe in its power to level the playing field for everyone. One system for everyone.… https://t.co/usouQ1ACla pic.twitter.com/IsGPbIQeEu — Patrick Tobler (@Padierfind) March 20, 2023 The tech leader’s tweet went on to say that the majority of founders and crypto enthusiasts get side-tracked when it come...

The Terra crash took place months ago, yet it continues to remain a hot topic of discussion. However, the latest news around the arrest of Terra form Labs founder Do Kwon , has been a comprehensive action taken by the law. Now, Daniel Shin, Co-founder of Terra might be next in line. Earlier today, the prosecutors’ office in Seoul acknowledged the decision to apprehend Shin. The arrest comes hot on the heels of the other founder Do Kwon , who was brought in last week, in Montenegro. It should be noted that this isn’t the first time that South Korean prosecutors were trying to arrest Shin. Back in December 2022, officials were looking to charge Daniel Shin and the others with fraud, under the Capital Markets Act and the Electronic Financial Transactions Act, and breach of duty. According to the prosecution, Shin promoted the Terra stablecoin [ Terra USD] as a payment option despite repeated warnings from regulators. Additionally, he reportedly made illegal profits of over 140 billi...

Bitcoin market volatility dries up as sideways trading cools bullish BTC price predictions in the near term. Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. BTC/USD 1-hour candle chart (Binance). Source: TradingView Bitcoin in "slow chop" until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500 at the time of writing. After losing $28,000 the day prior, weekend trading offered little by way of its usual volatility as traders hoped for a break before resumption of TradFi markets. “Looking like a slow chop around the CME close price so far,” Daan Crypto Trades wrote in part of Twitter commentary. “Not expecting too much to happen with BTC during the weekend after last week's volatility.” Daan Crypto Trades referred to the closing price of CME Group Bitcoin futures markets, a level which could become significant in the event that volatility up or down appears before the start of...

The state of California is considering using blockchain technology to increase efficiency and lower costs. According to the Bank of America, the California Department of Motor Vehicles (DMV) tokenization project is one example, in which the state is leading novel technology adoption. The department intends to completely overhaul its vehicle title and transfer management system. To do so, it plans to tokenize more than 14 million vehicles registered in the state. The department will issue non-fungible tokens (NFTs) for vehicle titles. Moreover, ownership information will be available on a private version of the Tezos blockchain . According to analyst Alkesh Shah and Andrew Moss, “tokenization of vehicle titles could also enable fractionalized vehicle ownership.” Furthermore, It can enhance liquidity on vehicle marketplaces and enable holders to pledge vehicle-title NFTs as security in the real world or using decentralized finance (DeFi) protocols. California is a techno...

Bitcoin moved below $28,000 on Thursday, as markets reacted to the latest Federal Reserve interest rate hike. The Fed opted to increase rates by 25 basis points (bps) as many had anticipated, and signal one more hike this year. Ethereum was also lower on the news, falling below $1,800. Bitcoin Bitcoin (BTC) dropped below $28,000 on Thursday, as markets continued to react to the latest Federal Reserve rate hike. The Fed moved to increase rates by 25 basis points, whilst signaling that no cuts will be made this year. BTC/USD fell to an intraday low of $26,760.00 on the news, which comes a day after trading at a peak of $28,803.34. BTC/USD – Daily Chart From the chart, the decline appears to have come as a result of the relative strength index (RSI) failing to break out of a ceiling at 72.00. As of writing, the index is tracking at 66.54, with the next visible point of support at the 62.00 mark. Overall, prices are still relatively overbought, which could lead to further bea...

Telegram is one of the most underrated instant messaging apps. It is free to use and offers a fast and secure platform with end-to-end encryption. The platform offers not just the Features to send and receive messages, but also a wide array of useful Features . Telegram is gradually making its way into the cryptocurrency realm. It had added support for cryptocurrency payments, according to a tweet from the TON ( Telegram Open Network) Foundation in April. The TON token can be used to make cryptocurrency payments on Telegram . Also read: Circle Chief Strategy Officer’s Twitter Account Compromised According to the latest details from an announcement shared with CoinDesk, Telegram has added the feature to send users Tether ( USDT ). Source: CryptoTrends Telegram takes a leap with USDT The new feature will now allow users to send and receive the largest stablecoin, USDT. USDT has always appeared as a much better option for investors due to its less volatile na...

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis. The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis , which will only “ attract more institutions ” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis “is going to attract more institutions.” “The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive,” she added. ARK Investment Management CEO Cathie Wood says the behavior of the Bitcoin's price through the latest banking turmoil will attract more institutions and investors https://t.co/2d8cT7SX3n pic.twitter.com/Eaymh05lhq — Bloomberg Crypto (@crypto) March 21, 2023 Institutional interest in Bitcoin may have already arrived according to Oliver...

Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of $3 billion related to unregistered oil sales. Sunacrip Boss Joselit Ramirez Arrested Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18 on alleged corruption charges. According to reports from the local newspaper Ultimas Noticias, the arrest of Ramirez is part of a national special operation against corruption, that also encompassed the capture of more high-profile individuals, including Cristobal Cornielles, president of the judicial circuit of Caracas, and Pedro Hernandez, a city mayor. While details of the investigation have not been disclosed, local outlets suggest that the arrest is linked to the disappearance of $3 billion obtained from th...