On 20 March, the IMF published the seventh edition of its Balance of Payments Manual (BPM7). The updated manual sets new guidelines on how Bitcoin and other digital assets should be recorded in global economic statistics.
The recent surge in market capitalisation is largely driven by Tether ($USDT), which continues to dominate the sector. $USDT currently holds over 60% of the total market, with a valuation of nearly $144 billion.
According to the SEC, PoW mining does not meet the legal definition of an investment contract under the Howey Test.
Solana gains momentum with its first ETF, Bonk surges in trading, XRP rises post-Ripple victory, Mubarak leads BSC memecoins, and Ethereum sees network upgrades.
Following the announcement, $XRP’s price surged by approximately 13%, reaching nearly $2.56.
Becoming a national bank could provide major benefits for crypto companies. It would allow them to lower borrowing costs by accepting customer deposits, which could provide a stable source of funding.
Mass investor exodus, ETF outflows, Mt. Gox repayment concerns, and market-wide declines has fuelled a bearish sentiment for Bitcoin.
After several weeks of upward momentum, the cryptocurrency market has recently seen a notable decline. Its overall market capitalisation has decreased by more than 3% in a single day.
Recently, Ethereum has experienced a bullish surge, crossing the crucial $3,000 mark. This uptick is largely due to major stakeholders withdrawing and staking significant amounts of $ETH.