Author: RedWave Media

According to data tracked by Cryptorank and Santiment, the number of wallets held in wallets tied to centralized exchanges has fallen to a nine-year low of 8.97 million tokens. That's the lowest tally since November 2015.Continuous departure of coins from centralized trading platforms could reduce the availability of coins in the market, leading to a surge in rising prices.”Investors will continue to move ETH to cold storage to reduce available liquidity. BTC saw a similar trend when exchange reserves hit their seven-year low in January and then a sharp price surge followed,” Cryptorank said.ETH supply on exchanges. (Cryptorank, santiment) The…

Trump token rally after President Trump said it was “very cool”The official Trump (Trump) memo coin linked to US President Donald Trump jumped over 12% to $12.25 in 40 minutes on March 23, after the president called it “the greatest of all of them.””I love $Trump – so cool!!! The best of them!!!!!” Trump told UTC on the truth about social.Source: Donald TrumpBefore Memecoin returned to $11.38 after about 90 minutes, by 3:11am, about $250 million added to Trump Token's market capitalization, Coingecko's data was displayed, and is currently trading at $11.82.Despite being the 53rd largest coin by market capitalization,…

Below is a guest post Brendon Ced, Core Dao's first contributor.Satoshi didn't invent Bitcoin to make it a generalist network – Jack of all trades, master without master. Bitcoin deliberately trades speed and scalability for decentralization and security. But contrary to popular myths, this is not a barrier to building new Bitcoin-based applications. Slowness is the strength of Bitcoin, not its weakness. And the “building on Bitcoin” movement is only successful if the developers embrace it, strategically inheriting “around the edge” while inheriting the slow architecture of Bitcoin. Don't try to change your bitcoinBitcoin slowness is essential to the security…

Pakistan is pushing for a crypto-friendly policy, with plans to invite crypto mining businesses and blockchain data centres to the coast. At the first meeting of the newly formed Pakistan Crypto Council (PCC) on Friday, members discussed the debate on channelling the country's surplus energy to mine Bitcoin and other proof of work coins.PCC CEO Bilal Bin Saqib has presented a surplus energy proposal that includes exploiting Pakistan's excess energy to harness Bitcoin mining operations. This strategy could turn a country's energy liability into economic assets by generating revenue from otherwise wasted energy.The meeting was Finance Minister Mohammed Aurangzeb, who…

Bitcoin analysts are repeating their close week to measure Bitcoin price trajectory next week, as traditional and crypto markets lack direction amid a mix of global war horrors that ease inflation concerns.Bitcoin (BTC) prices could be seen more downside next week unless they can close a week beyond the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.”At the FOMC meeting and Bitcoin relief rally after the fall in CPI readings, analysts are above $85,000, making it important to resume the upward momentum,” Lee told Cointelegraph, adding:”Beyond this level, it prevents signal strength from dropping at $76,000,…

US asset manager Fidelity Investments has submitted documents to register a tokenized version of a blockchain-based US dollar money market fund with the aim of participating in the tokenized asset race.According to a filing Friday with the Securities and Exchange Commission (SEC), the company is attempting to register a “Onchain” share class for the Fidelity Treasury Digital Fund (FYHXX) and using the blockchain as a transfer agent. Fyhxx holds cash and US Treasury securities, which was launched later last year.The fund's on-chain class currently uses the Ethereum (ETH) network, and the company could expand to other blockchains in the future,…

Cryptocurrency wallet providers are more refined, but so are bad actors. So the battle between security and threats is at a dead end, says the executive at a hardware wallet company.”It's always going to be a cat and mouse game,” ledger chief experience officer Ian Rogers told Cointelegraph when explaining the constant race between crypto wallet companies adding new security features and hackers who find more sophisticated ways to access victims' wallets.Rogers said the easiest scams are the most effective, unfortunately, because scammers rely on people who make simple mistakes.”People give people 24 words of phrases every day, so as…

Below is a guest post from Georgi Koreli, CEO and co-founder of Hinkal.For years, crypto wallets have been as transparent as glass, indicating all transactions, balances, and interactions in open ledgers. This was once considered a fundamental asset in blockchain technology, but many now see it as a significant weakness. According to State Street Global Advisors 62% of institutional investors Prefers indirect or regulated exposure to Crypto. In an ecosystem that aims to be exchanged or rival Tradfi, it is a serious responsibility to not be able to keep business secret.The recent Buybit Hack, which cost $1.5 billion on the…

The Securities and Exchange Commission aims to reset its relationship with the crypto industry, even before the permanent chair is confirmed by Congress. The latest initiative, held at the SEC headquarters in Washington, DC, at the roundtable Friday, features dozens of lawyers representing a range of views and positions within the crypto industry.You are reading the status of Crypto, the newsletter of Koindsk, looking at the intersection of cryptocurrency and government. Click here to sign up for a future edition.storyThe SEC reset began when Chairman Mark Weda launched a cryptographic task force, withdrawing his agency, withdrawing staff accounting notice 121,…

Both cryptocurrencies and traditional markets will be under pressure on global trade war concerns until at least early April, but potential solutions could potentially catalyze the next big market.Bitcoin (BTC) prices have exceeded 17% since US President Donald Trump first announced import duties on Chinese products on January 20th, the day after the president's inauguration.According to Nansen research analyst Nikolai Sondergaard, there are a number of positive developments specific to encryption, but they will continue to put pressure on the market until at least April 2nd.BTC/USD, one-day chart. Source: CointeLegraph/TradingViewThe research analyst said on the March 21st Cointelegraph's ChainReaction Daily…