Tag: Digital

XRP price risks another 20% drop after ‘Digital Asset Stockpile’ letdown

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As of March 8, XRP (XRP) faces mounting technical and fundamental pressures that suggest a possible 20% price decline in the near future. Drawing from recent market analyses and historical patterns, investors should watch three key signals. XRP price chart hints at 20% drop ahead XRP/USD is currently forming a symmetrical triangle on its weekly chart, a pattern reflecting a tug-of-war between buyers and sellers. XRP/USD weekly price chart. Source: TradingView Contrary to popular belief, symmetrical triangles are not always bullish continuation patterns. They indicate a bias conflict, often resolving…

Trump Signs Order Establishing ‘Digital Fort Knox’ Bitcoin Reserve Funded by Seized Assets

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President Donald Trump enacted an executive directive on Thursday, instructing federal agencies to launch a U.S. strategic bitcoin repository and a complementary repository for other digital currencies, solely funded by assets seized in civil or criminal cases. Trump’s ‘Digital Fort Knox’ Unveiled The order mandates the creation of a Bitcoin Strategic Reserve to store cryptocurrency […] Original

AI agents and blockchain are redefining the digital economy

Opinion by: Arunkumar Krishnakumar, head of institutional growth at Marinade Finance The rise of the internet and social media has redefined how brands reach out to billions of users worldwide. There is constant competition for users’ attention, to the extent that the digital ecosystem is meticulously engineered for distraction. Welcome to the attention economy, where engagement metrics are prioritized over meaningful user experiences.  People are bombarded with notifications, advertisements and content optimized to capture clicks rather than fulfill needs. A 2020 study by The Economist Intelligence Unit found that 28%…

Lutnick Hints at Diverging Crypto Reserve Policies for Bitcoin and Other Digital Assets

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In remarks shared with the news publication, The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick disclosed that the forthcoming White House Crypto Summit will likely serve as the stage for unveiling the strategic crypto reserve. He also noted that certain tokens within the proposed reserve could be subject to distinct regulatory considerations, stating they may […] Original

Marathon Digital stock down 5% amid concerning Bitcoin production announcement

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Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. Marathon Digital‘s Bitcoin (BTC) production dropped 6% month-over-month in February due to higher network difficulty and fewer operational days, the company said. In a Bitcoin production report released on March 4, the Florida-based company revealed a 4% increase in crypto production per day compared to January, although Bitcoin production decreased by 6% month-over-month. Despite the decline, Marathon’s energized hashrate remained stable, the company emphasized. “Blocks won…

Turkish digital bank Bankpozitif to debut crypto custody with Taurus

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Turkish digital bank BankPozitif is set to launch cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, making it the latest financial institution in Turkey to embrace digital assets. On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional clients to store crypto assets with the bank. The service is expected to be rolled out by June and will initially feature support for the top five crypto assets by market cap, including Bitcoin (BTC), Ether (BTC), Tether USDt (USDT), XRP (XRP) and Solana (SOL), a spokesperson…

Israel releases preliminary CBDC design for digital Shekel

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The Bank of Israel released a preliminary design proposal for the digital Shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent for an official launch. On March 3, the Bank of Israel’s Steering Committee issued an initial design for an in-house CBDC — outlining its supporting ecosystem, functionality, technical design, regulatory considerations and next steps. The central bank’s committee had previously identified six possible motivations for issuing a digital shekel, which include creating an alternative payment system and infrastructure, lowering costs, improving privacy and supporting the…

Economist Torches UK’s Digital Pound: ‘Ill-Fated Venture’ Doomed to Fail

Economist Neil Record has criticized the UK’s digital pound initiative, calling it an “ill-fated venture” due to a lack of customer demand. Cash Use Decline British businessman and economist Neil Record has described the United Kingdom’s digital pound initiative as an “ill-fated venture” due to a lack of customer demand. Record argues that the digital […] Source CryptoX Portal