“We didn’t know exactly when the market would start expanding again, but it was clear to us it would happen sooner or later,” Shaulov said in an interview. “Our mission is supporting crypto is not around where the price of bitcoin is going to be, but the underlying usage of crypto rails for payments, tokenization, and big brands.” Source
Artificial Intelligence (AI)-related tokens took the lead Thursday, with Fetch.ai (FET) rallying 35% in 24 hours, followed by SinglarityNET (AGIX), which jumped 30%. According to Miles Deutscher, a crypto analyst, AI-related tokens are pumping as the global AI Nvidia conference for developers and engineers approaches on March 18. Deutscher tweeted he expects the AI-run to continue. Render (RNDR), a GPU marketplace that lets users contribute computational power to 3D rendering projects and earn tokens in return, also rallied, gaining 31%. AI-related tokens witnessed a surge late last month after Nvidia…
Adoption of the central bank digital currency pales in comparison to the use of cash in the country. Source
“While this seems to be an unorthodox move for a decentralized wallet suite, inaccessibility is a pressing issue plaguing crypto users that needs to be solved for better onboarding and adoption,” said Veronica Wong, CEO and co-founder of SafePal, said in a message to CoinDesk. Source
AI tokens remain a hot narrative for crypto traders because the technology is expected to drive key innovations in the global economy in the coming years. However, the relationship between AI and crypto is unclear: Artifical intelligence cannot run on a blockchain. Even so, developments in traditional AI companies, such as OpenAI, drive gains in AI tokens as traders utilize them as a proxy bet on the industry. Source
The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria’s government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on the current status. Source
The firm is floating the Pantera Solana Fund to investors, stating it has an opportunity to buy up to $250 million of SOL tokens at a 39% discount below a 30-day average price of $59.95, Bloomberg said, citing documents sent to potential investors last month. Source
Project Ensemble will “seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through wCBDC,” with an initial focus on tokenized deposits, the Hong Kong Monetary Authority (HKMA) said Thursday. Source
“The popularity and interest in ETH and SOL has increased substantially over the past few months,” Josh Deems, head of institutional business development for Figment, said in the statement. “However, it is still challenging for institutions to buy crypto and stake directly. The ETPs will contribute to an increased accessibility to staking rewards for a wide audience, and we at Figment are proud that Apex and Issuance.Swiss chose Figment to be part of this development.” Source
Zama, started in 2020, describes FHE as the “holy grail” of cryptography, allowing companies to offer services to users without the need to see their data and expose it to greater risk. Zama’s most recent product, fhEVM, is a confidential smart contract protocol for Ethereum-compatible blockchains, allowing on-chain data to remain end-to-end encrypted during processing. Source