Day: March 8, 2025

El Salvador acquired over 13 BTC since March 1, despite IMF deal

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El Salvador acquired 13 Bitcoin (BTC) since March 1, despite International Monetary Fund (IMF) pressure on the country’s public sector to stop accumulating the decentralized store of value asset. According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury holds a total of over 6,105 BTC, valued at more than $527 million at current prices. The Central American country typically acquires BTC at a steady pace of 1 coin every 24 hours. However, on March 3, El Salvador purchased 5 BTC in a single day. El Salvador struck a…

David Sacks pushes back against idea of crypto transaction tax

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White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin (BTC) reserve and the crypto stockpile with digital assets. During a recent appearance on the All In podcast, host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction, which would be denominated in the asset that is transferred, bought, or sold. Sacks responded: “That’s always how taxes start. They are described as being very modest. You know, when the income tax started,…

Bitcoin investors share mixed reactions to White House Crypto Summit

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The Bitcoin (BTC) community voiced mixed reactions to the March 7 White House Crypto Summit, with some investors characterizing it as a historic day for Bitcoin and cryptocurrencies, while others called the event underwhelming. Crypto trader Miles Deutscher said the event was a “massive net positive” for Bitcoin, despite the mixed reactions. Kyle Samani, the managing partner at Multicoin Capital and an attendee of the summit, characterized it as a “historic moment” for the cryptocurrency industry. Following the event, Coin Bureau founder and CEO Nic Puckrin asked, “Just looking at…

The future of Ethereum scaling lies in hardware, not software

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Opinion by: Leo Fan, co-founder of Cysic Running Ethereum today is like trying to play a modern game on a 1980s laptop — the outdated hardware would struggle to load, lag endlessly, and likely crash under the weight of new demands. Designed for a simpler blockchain era, Ethereum’s infrastructure can no longer keep up, processing just 10 to 62 transactions per second, far below the thousands needed for mainstream adoption.  Meanwhile, with sub-second block times and near-zero fees, Solana enjoys growing mainstream popularity, which is evident in surging wallet downloads…

$COCORO token hits $100M FDV after Doge’s mom adopts new rescue pup

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Key Takeaways Atsuko Sato adopted a new rescue dog named Cocoro and launched an official token on the Base blockchain. The COCORO token will support Sato and her charitable causes, marking a departure from unauthorized token projects. Share this article Atsuko Sato, who raised the famous Shiba Inu Kabosu that became the face of the Doge meme, announced today she has adopted a new rescue dog named Cocoro. In addition to introducing the new family member, Sato said she authorized her community partner “Own The Doge” to create an official…

Will XRP Hit $27? Historical Data Suggests Another 718% Price Surge

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Nigeria’s new crypto tax policies may not drive the revenue it needs

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In February, Nigeria sued Binance for unpaid taxes and introduced new cryptocurrency taxations in an effort to boost its faltering economy, but it may not have the intended effects. As the 53rd largest economy in the world, Nigeria is predicted to enjoy the highest average GDP growth between 2010 and 2050, according to Citigroup. However, the country’s economic development has faltered in recent years, forcing the government to introduce significant tax reforms, a minimum wage framework, and more.  The country claims pursuing unregulated crypto exchanges like Binance can provide more…

Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategy

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US President Donald Trump has placed cryptocurrency at the center of his economic strategy, marking a major policy shift for the US blockchain industry, according to Crypto.com CEO Kris Marszalek. Trump hosted a White House Crypto Summit on March 7, signaling that he intends to make crypto policy a national priority and make the US a global hub for blockchain innovation.  The summit marked a “truly historic day at the White House,” Marszalek said in a March 8 X post. Source: Kris|Crypto.com Marszalek credited Trump with reversing policies like Operation…

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…

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…