“An eventful March of bank failures, ongoing inflationary and other macroeconomic headwinds left investors mulling where to place their trust – and cash – and ultimately proved favorable for bitcoin and other cryptos considered stores of value impervious to turmoil.
Bitcoin (BTC) was recently trading at around $28,500, up over 21% in March. At one point Wednesday, the largest cryptocurrency by market value broke the $29,100 mark to reach its highest mark since June 2022. BTC has widely outperformed the S&P 500, Nasdaq and other traditional assets. The tech-focused Nasdaq rose over 4% for the month.
The macro landscape has been extremely constructive for ‘alternative money’ in March.”
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“The license means Boerse Stuttgart Digital will be able to provide institutional investors with services for trading crypto as well as fiduciary custody, Germany’s second-largest stock exchange said in an email Thursday. Among the institutions it expects to make use of the offering are banks, brokers, asset managers and family offices.
Boerse Stuttgart, which is the sixth-largest stock exchange in Europe and which ranks behind the Frankfurt exchange in Germany, has been venturing into crypto services for several years. It unveiled a crypto trading app, Bison, in 2018, reporting that it reached trading volume of over $2.4 billion in 2021.”
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“Cryptocurrency exchange Bittrex will shut down its U.S. platform on April 30 after nine years of operation, the company announced on Friday. The closure does not affect Bittrex Global, which operates in Europe, Canada and South America, among other locales, and will remain open for trading.
It’s just not economically viable for us to continue to operate in the current U.S. regulatory and economic environment. Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape. Operating in the U.S. is no longer feasible.
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“Web3 domain provider Unstoppable Domains is rolling out artificial intelligence (AI)-generated profile pictures (PFP), allowing users to enhance their digital identities.
Unstoppable’s AI avatar software draws from a series of images to create unique and realistic PFPs that are computer generated. Users who pay a fee of $14.99 can upload up to 20 images of themselves, and within an hour can access 200 images generated by the software. These images can then be minted as a non-fungible token (NFT) on sidechain Polygon and used as an Unstoppable PFP.
Last week, Unstoppable rolled out a Polygon-based messaging service, allowing users to send encrypted messages to each other on-chain.”
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“In an academic thesis, Major Jason Lowery, who is also a National Defense Fellow at Massachusetts Institute of Technology (MIT), presented a new theory to the U.S. Department of Defense that Bitcoin is more than just a peer-to-peer payment system, but it is a new form of “digital-age warfare,” arguing that proof-of-work technologies will change the way humans compete globally.
Lowery’s research argues that the U.S. military could use Bitcoin to stop certain types of attacks, such as denial-of-service attacks, which overload servers with too many requests. The concept involves creating software programs that only respond to signals from large transactions recorded on the Bitcoin network.
Lowery also suggests that the Bitcoin network is like Maritime trade routes, which means it’s suited for economic exchange. Consequently, it’s crucial to protect freedom of navigation on the network, just as we protect trade routes.
According to the author, the U.S. should also stockpile Bitcoin, build a domestic Bitcoin mining industry, and extend legal protections to the technology. In his view, Bitcoin is a weapon of self-defense, and the country should protect it as it does other rights.“
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