Tag: Blockchain

Coinbase Expands Government Partnerships, Delists Tokens for New York Users

Summary: Coinbase is now collaborating with 145 U.S. government agencies and 29 international ones as crypto regulations evolve. The exchange, which safeguards nearly 12% of global crypto assets, plans to expand its workforce by 2025 due to growing institutional demand. Meanwhile, it has delisted FLOKI, TURBO, and GIGA for New York users following a routine review, with trading set to end on April 14. The company remains a key player in institutional and governmental crypto adoption, with strong compliance credentials enabling it to operate across all U.S. states.

Coinbase is strengthening its ties with government agencies, now working with 145 in the U.S. and 29 internationally amid a changing regulatory environment. The exchange has established itself as a major custodian, securing nearly 12% of the world’s crypto assets and serving financial institutions offering spot crypto ETFs.

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CEO Brian Armstrong has signaled plans to hire 1,000 new employees by 2025, citing clearer regulations. After attending a White House crypto summit, he expressed confidence in increasing U.S. investments.

On March 13, Coinbase announced it would delist FLOKI, TURBO, and GIGA for New York users after a review found they no longer met listing standards. Trading will cease on April 14 at 2 PM ET.

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Coinbase remains a trusted partner for institutions and governments, helping them securely trade, store, and use crypto. The company holds key U.S. regulatory licenses, ensuring compliance in all states.

Brazil Eyes Blockchain for BRICS Trade, Moving Away from Joint Currency

Summary: Brazil is prioritizing blockchain to streamline BRICS cross-border trade during its presidency of the bloc, moving away from past discussions about a joint currency. The focus is on improving transaction efficiency rather than challenging the U.S. dollar, especially as concerns over potential trade tariffs grow. Brazil’s central bank has been testing Drex, a tokenized financial infrastructure, though regulatory and privacy hurdles remain.

Brazil appears to be pushing for blockchain-based improvements in BRICS trade, potentially making it a key priority during its year-long presidency of the bloc, which started in January. According to Brazilian newspaper Valor Econômico, the country is shifting focus from discussions about a common BRICS currency to enhancing transaction efficiency.

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Sources close to the talks suggest that Brazil has no plans to create a currency that could compete with the dollar. This comes as former U.S. President Donald Trump has threatened heavy tariffs on nations attempting to move away from the American currency.

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Instead, the strategy may involve integrating blockchain into Brazil’s financial system. The country’s central bank has been testing Drex, a project designed to create a tokenized infrastructure for financial transactions. However, the initiative faces challenges in maintaining both privacy and regulatory compliance.

Singapore and Vietnam Strengthen Ties with Digital Asset Cooperation

Summary: Vietnam and Singapore have signed a Letter of Intent (LOI) to collaborate on digital asset regulation and the regulation of capital markets. The agreement, signed between the Monetary Authority of Singapore (MAS) and Vietnam’s State Securities Commission (SSC), is intended to facilitate regulatory cooperation as well as the sharing of information.

This partnership will help Vietnam develop its regulatory system for digital assets and deepen cooperation in combating money laundering and counter-financing of terrorism. It is harmonious with the other economic ties between both nations, following an upgrade to Comprehensive Strategic Partnership.

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The signing of the LOI during a Singapore official visit was attended by Singapore Prime Minister Lawrence Wong and Vietnam General Secretary To Lam.

MAS Assistant Managing Director Lim Tuang Lee emphasized cross-border financial interconnectivity as key, while SSC Chair Vu Thi Chan Phuong characterized the agreement as a significant step towards promoting economic cooperation and having transparent financial markets.

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Bitcoin Rallies to $81K as Crypto Market Rebounds

Summary: Bitcoin increased 5.48% in the past 24 hours to $81,946.75 and took its market capitalization to $1.62 trillion. Trading activity also picked up with a 20.14% rise in 24-hour volume to $46.97 billion.

The general crypto market is recovering, with a market value of $2.64 trillion, up 1.84% from yesterday. Ethereum and XRP, other large cryptocurrencies, also registered slight gains.

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This rally follows a recent slide driven by inflation concerns and Trump’s foreign policy initiatives. All expected a rally after the White House Crypto Summit but witnessed prices drop instead. The last biggest price rally came when Trump indicated a U.S. crypto reserve.

And now, with Bitcoin leading the pack, hope is trickling into the markets again. Investors remain hopeful but fingers crossed, waiting to see if this trend holds.

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Chainlink’s Sergey Nazarov on White House Crypto Summit and U.S. Blockchain Leadership

Summary: Chainlink co-founder Sergey Nazarov had his say on the White House Crypto Summit, which was held for the first time at the behest of President Donald Trump on March 7, 2025. The summit reaffirmed the U.S. government’s resolve to position America as the world leader in blockchain and digital assets.

Nazarov highlighted the increasing take-up of stablecoins, whose 2-5% holdings of U.S. treasury market today mean that they can no longer be disregarded by regulators. He further indicated digital asset holdings, awareness among regulators, and greater intersection of DeFi and TradFi into on-chain markets.

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In order to win in the world of crypto, America must build new, regulation-friendly digital assets that can coexist harmoniously on blockchain platforms. Chainlink is a part of this infrastructure with its decentralized oracle network and making proof of reserves and linkages of tokenized assets possible through CCIP.

As regulatory systems take form, the world’s blockchain ecosystem is closely observing how the U.S. will define digital asset innovation, which could become the model for the future of decentralized finance.

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VanEck Files for AVAX ETF, but Token Price Keeps Dropping

Summary: VanEck has submitted an Avalanche (AVAX) ETF filing in the United States, its fourth crypto ETF filing after Bitcoin, Ethereum, and Solana. The move comes as AVAX struggles, declining 55% in 2025 and a further 5% over the last 24 hours to $16.78. Although there were some expecting an XRP ETF to be filed first, VanEck’s action has been controversial. If approved, the AVAX ETF would institutionalize investment and liquidity for Avalanche.

VanEck, an international investment firm, has formally applied for an Avalanche ETF in the United States, joining its line of cryptocurrency investment products. The application, dated March 10, 2025, in Delaware under the number 10125689, reflects VanEck’s efforts to bring more digital asset ETFs to market.

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Avalanche is the latest cryptocurrency for which VanEck has submitted an ETF application to the U.S., following on from Bitcoin, Ethereum, and Solana. VanEck also submitted a Solana ETF last year and is among the first to openly adopt crypto-related investment products.

Avalanche, founded in 2020 by Ava Labs and led by Emin Gün Sirer, is a smart contract and dApps-centric blockchain network. It was among the top 10 cryptocurrencies and is currently 20th with a $7 billion market capitalization.

The timing of VanEck’s application is coincidental with a rough year for AVAX, down 55% this year. The token dipped another 5% in the last day to $16.78. There are some within the crypto community questioning why VanEck opted for an AVAX ETF rather than an XRP ETF.

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VanEck is not alone in seeking crypto ETFs. In October 2024, Grayscale filed a request to convert its multi-coin fund—AVAX holding—into an ETF. If approved, a spot AVAX ETF would increase institutional adoption and liquidity for Avalanche.

Bubblemaps TGE Sees Massive 13,500% Oversubscription

Summary: Bubblemaps (BMT) wrapped up its Token Generation Event (TGE) with a staggering 13,500% oversubscription. Originally intending to offer 40 million BMT tokens for 1,503.42 BNB, the event saw around 202,990 BNB worth of subscriptions. Held on Binance Wallet, the TGE fueled speculation of a potential Binance listing, though no official word has been released. BMT is already listed on leading exchanges like MEXC, Kraken, and Bybit.

Bubblemaps, a blockchain analytics platform, has finished its Token Generation Event for its own token, BMT, with overwhelming subscription orders. The project had reserved 40 million BMT at $0.02 per token to be sold in order to raise 1,503.42 BNB but received some 202,990 BNB worth of subscriptions—13,500% more than expected. The event follows the recent $3.2 million funding round by Bubblemaps led by INCE Capital, Cryptorank.io reports.

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Since TGE was executed on Binance Wallet, there has grown rumor of an impending Binance listing. Even though not made formally public, BMT already finds exchange trading on platforms like MEXC, Kraken, and Bybit.

Bubblemaps provides blockchain analysis as bubble clusters for token and NFT holdings so that users can detect wallet relationships, hidden whales, and suspicious activity. BMT is the native token of Bubblemaps and is both a utility and governance token, with it enabling features on the platform.

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For the tokenomics of BMT, 26.3% is allocated to ecosystem and community, 24.3% to investors, and 22.2% for adoption and early rewards airdrops. Liquidity reserves 12.2%, team receives 9%, and 6% is assigned to protocol development and R&D.

Bitcoin Drops 4% as Trump Escalates Trade War With Canada

Summary: Bitcoin slipped 4.2% after President Donald Trump announced new tariffs on Canadian steel and aluminum, raising them from 25% to 50%. The move comes in response to Ontario’s 25% tariff on U.S. electricity. Trump also demanded Canada remove its high dairy tariffs and warned of further tariffs on Canadian automobiles by April 2. Markets reacted sharply, with the Dow Jones dropping nearly 600 points. Bitcoin briefly fell below $80,000 before recovering above $81,000.

Bitcoin and stock markets took a hit after President Donald Trump announced a tariff increase on Canadian steel and aluminum, citing Ontario’s 25% tariff on U.S. electricity. The new 50% tariffs are set to take effect on March 12.

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Trump also called for Canada to eliminate its dairy tariffs, which range from 250% to 390%, and warned that if they remain, U.S. tariffs on Canadian automobiles will rise significantly by April 2. He claimed such measures would cripple Canada’s auto industry.

Adding to the controversy, Trump stated that “the only thing that makes sense” is for Canada to become the U.S.’s 51st state, eliminating all tariffs.

Markets reacted swiftly. Bitcoin fell 4.2% to dip below $80,000, while the Dow Jones lost nearly 600 points. The drop was also fueled by the administration’s announcement that no new Bitcoin purchases were planned for the national reserve. However, Bitcoin has since recovered above $81,000.

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The tariff dispute follows previous trade tensions between the U.S., Canada, and Mexico, with both neighboring countries accusing the U.S. of violating trade agreements.

China Unveils Manus AI, Rivaling DeepSeek in the Race for Advanced AI

Summary: China introduces Manus AI, a next-generation artificial intelligence model with the capacity for independent thinking, planning, and doing. Developed by AI startup Monica, which was established by ex-Google and Tencent staffer Xiao Hong, Manus is not just a chatbot—it is one that bridges idea and action.

The AI stole the show when Peak Ji Yichao, one of the co-founders of Manus, tweeted a demo video on X. The video demonstrates Manus’s ability to browse the internet, gather information, and carry out complex tasks on its own. Some of the examples include making travel arrangements, analyzing stocks in depth, and assisting teachers prepare school materials.It also shows Manus’s ability to scan and summarize resumes at the human level of comprehension.

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Monica claims that Manus outperforms OpenAI’s Deep Research on the GAIA benchmark. However, the AI remains in an invite-only preview phase, with early users reporting occasional bugs and incomplete tasks. While there is no official public release date yet, the excitement surrounding Manus suggests it could be a game-changer in the AI space.

Dogecoin Drops 30%, Hits Lowest Price in Four Months Amid Market Sell-Off

Summary: Dogecoin has dropped 30% in the past month to a four-month low of $0.1735. Down 20% in the last week, in the past 24 hours alone, it has lost nearly 10%. Despite the price fall, Dogecoin remains in the top 10 cryptocurrencies based on market capitalization.

The sell-off comes as the crypto market struggles following Donald Trump’s “crypto reserve” announcement, which initially caused a surge in prices before leading to a broader downturn. Bitcoin and Ethereum have both declined, but Dogecoin has taken a sharper hit. The coin had previously benefited from optimism around Trump’s win and a government initiative humorously named DOGE, as well as continued backing from Elon Musk.

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Over the last three months, Dogecoin has lost over 40% of its value, with heavy selling pressure.In the space of only 24 hours, almost $22 million in Dogecoin positions were wiped out. Nevertheless, fresh investment opportunities such as ETFs could offer hope, with Bitwise seeking a Dogecoin ETF and Grayscale releasing a Dogecoin Trust. Experts rate the possibility of approval for these funds at 75% for this year, and this would stabilize the price.

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Until then, Dogecoin hovers in limbo, with dwindling buzz and ongoing sell-offs. Unless sentiment in the market changes, the coin will likely continue to fall.

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