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 Trump
Before 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, Trump's Post has contributed to being the eighth most traded token in the last 24 hours with a $1.4 billion trading volume.
Not everyone who bought the cards left the winner on March 23rd.
One of the whales who previously stolen about $108 million in Trump to the bank has lost $207,000 from a recent deal. Blockchain analytics company LookonChain pointed out.
Trump tokens have been trading mostly downward and sideways since reaching a peak market capitalization of $14.6 billion on January 19th.
Changes in Trump prices from January 18th onwards. Source: Coingecko
Tornado Cash will be live on Megaeth Testnet
A little-known Crypto developer to go under the name “Gunboat” on X, he launched the Crypto Privacy Mixer Tornado Cash on Megaeth TestNet.
The Crypto developer showed the command line interface (terminal window) of the Tornado Cash Smart Contract “0x0CB…65142…65142) deployed in Block 1,397,845 that was in effect at UTC on March 21, according to Megaeth Explorer.
Source: Gunboat
The consolidation occurred two months after the US Treasury removed tornado cash from its sanctions list on March 21, and the US Court of Appeals said it could not sanction tornado cash contracts because the Department of Foreign Assets Control's Treasury is not a foreigner's property.
Megaeth also launched a testnet on the same day the Tornado Cash Connection was lifted.
It's not clear whether a full launch will occur, but the company behind Megaeth Public TestNet claims to be offering “unparalleled performance” of 10 millisecond block time, processing around 20,000 transactions per second.
Solo Bitcoin Miner wins BTC blocks and banks $266K
Solo Bitcoin Miners, believed to be using miners less than 1 tera hash (TS/s) per second, resolved one of the blockchain blocks and earned a reward of $266,552.
“Another solo miner found a block!! This time in a self-hosted public pool. We're not sure, but I'd guess it was the miner less than the first,” the Nerdminer store said on the X-Post March 23rd.
Bitcoin Miner snatched a total of 3.15 BTC to resolve blocks 888,989 timestamped at 1:30am on March 23, Mempool.space data shows.
That prize included the current 3.125 Bitcoin subsidy and another 0.027 Bitcoin ($2,254) from the transaction fee.
If it was correct for the nerdminer to believe that a less than 1 miner was used to mine the block, the machine would probably have been a hand or pocket-sized rig that had some of the hashrates that an industrial-scale application-specific integrated circuit (ASIC) has.
An example of a pocket-sized Bitcoin mining rig that may have solved Bitcoin block 888,989. Source: ASIC Minor Value
In the context, Bitcoin Mining Marketplace estimates that the odds of 1.2/s of rig mining are 1 in 4.6 million chances of mining a solo block at any time.
This is banking $263,000 in total reward after a 0.48 Th/s mining machine resolved Bitcoin block 887,212 on March 10th.
No, the IMF did not say that Bitcoin is “digital gold.”
Bitcoin was mentioned several times in the 7th edition of the International Monetary Fund in the “Integrated Payment Balance and International Investment Position Manual,” published on March 20th, but none of its kind, in contrast to some reports, was called “digital gold.”
The IMF offers a classification of “crypto assets” such as Bitcoin as “a medium of exchange,” and says many new digital assets are designed to also serve as “value stores.”
The IMF's comments on digital assets were misunderstood by members of the crypto industry. Source: IMF
“This is a massive stretch to jump to 'IMF says Bitcoin is digital gold',” said Dennis Porter, CEO of Satoshi Action Fund, in the X-Post March 23rd.
“(That's a good indication) that the IMF recognizes this, but definitely not support Bitcoin as a 'digital gold'. ”
The IMF also distinguished releasable tokens from those that cannot be fangered, and classified the latter as tokens or security designed to act as exchange media.
Related: Who is running in the Trump race to make us “Bitcoin Super Powers”?
Bitcoin and “crypto assets” were one of nine “big changes” in the 7th edition, consisting of 1,076 pages.
The seventh edition of the IMF was released as it continues to negotiate with El Salvador about narrowing the scope of its country's Bitcoin activities.
More news:
Stablecoin Issuer Tether engages with Big Four accounting firms to audit their asset reserves and ensures that their Tether (USDT) Stablecoin is supported by a 1:1 ratio. Under Tether's President Donald Trump, it is expected to make it easier to audit Tether's $143.5 billion worth of assets, reported Tether's CEO Paolo Aldoino.
Pakistan's CEO, Crypto Council, Bilal Bin Saqib proposed using the country's effluent energy to promote Bitcoin mining at the first meeting of the Crypto Council on March 21.
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