In 2012 when Blockchain pioneers Jed McCaleb, Arthur Britto and David Schwartz created Ripple Labs and its new cryptocurrency, known as XRP, they envisioned a new global financial standard that would enable banks to transfer money rapidly with minimal fees. During its first decade, dozens of financial institutions, including Bank of America and Banco Santander, signed up, eager to test Ripple's new network.

https://www.forbes.com/sites/stevenehrlich/2024/03/27/the-rise-of-cryptos-billion-dollar-zombies/

KuCoin, a leading cryptocurrency exchange, is currently facing a tumultuous period. Following a US government criminal complaint, the platform saw about $500 million in assets withdrawn on the Ethereum blockchain alone.

https://beincrypto.com/kucoin-users-withdraw-funds-us-charges/

While CBDCs might be the best option for those nations with existent currencies and mature banks, private stablecoins might help less advanced economies.

https://cointelegraph.com/news/imf-stablecoins-cbdcs-enhance-pacific-islands-economy

Optimism is growing within the halls of Congress that crucial crypto regulation could be enacted before the upcoming presidential elections.

https://beincrypto.com/us-crypto-regulation-bill-before-elections/

In a resounding testament to the enduring allure of non-fungible tokens (NFTs), CryptoPunk #7804, one of the coveted “aliens” within the CryptoPunks collection, has fetched an eye-watering $16 million in a recent sale.

https://zycrypto.com/cryptopunks-sells-for-a-record-16-million-is-the-nft-hype-back/

The lawyers of disgraced FTX founder Sam Bankman-Fried say that the prosecution's sentence recommendations for their client are “disturbing.” In a new letter addressed to Judge Lewis A. Kaplan, Bankman-Fried's attorneys say that the sentence recommendation is draconian and brands the former chief executive as a “supervillain.” “The government's memorandum is disturbing.

https://dailyhodl.com/2024/03/20/sbf-lawyers-call-prosecutors-sentence-recommendations-disturbing-in-new-letter-to-judge/

Kyle Davies, co-founder of the now-bankrupt hedge fund Three Arrows Capital (3AC), recently engaged in a revealing conversation with journalist Laura Shin. In the course of the interview, Kyle Davies shed light on the continued bankruptcy proceedings of 3AC, the challenges regulators across the globe are facing, and his activities following the downfall of the

https://coingape.com/kyle-davies-of-3ac-unfazed-by-firms-bankruptcy-outcome/

Bitcoin, the flagship cryptocurrency, encountered significant selling pressure following its recent all-time highs. Despite this, the market sentiment remained optimistic as Bitcoin approached the $68,000 mark.

https://thecurrencyanalytics.com/altcoins/cryptocurrency-market-sees-surge-despite-weekend-selling-pressure-103702

In the closing stages of the legal case over the identity of Bitcoin's creator, the Crypto Open Patent Alliance (COPA) said that Craig Wright has failed to establish his claims despite multiple attempts at forgery and should be prosecuted criminally.

https://cryptoslate.com/copa-to-seek-criminal-charges-for-craig-wrights-satoshi-lies/

The BRICS group of nations is reportedly set to collaborate on the development of a payment system that utilizes blockchain technology. BRICS is an acronym representing the alliance of five major emerging economies: Brazil, Russia, India, China, and South Africa.

https://www.cryptoglobe.com/latest/2024/03/brics-nations-to-develop-blockchain-based-payment-system-in-push-for-de-dollarization-reports-russian-news-agency/

The chairman of the Committee, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority for necessary actions.

https://cointelegraph.com/news/nigerian-committee-summons-binance-ceo-on-financial-crime-suspicion

The cryptocurrency market has witnessed a rally of sorts in February with the price of Bitcoin (CRYPTO: BTC) passing $54,000 and hitting levels not seen since November 2021. One member of Congress missed out on additional profits by selling three leading cryptocurrencies at the start of the month.

https://www.benzinga.com/markets/cryptocurrency/24/02/37353179/congressman-misses-out-on-profits-of-33-or-more-by-selling-3-cryptocurrencies-in-early-feb?utm_source=snapi

Europe's Data Act recently went into force, and the legislation has far-reaching requirements for smart contract developers.

https://en.cryptonomist.ch/2024/02/24/europes-data-act-requirements-smart-contract-developers/

Caleb Hammer, a YouTuber specializing in personal finance advice, had a guest on his show “Financial Audit" who experienced a financial loss in cryptocurrency trading and was relying on credit cards to sustain his daily life. What Happened: A 24-year-old vedic astrologer from Austin, Texas, named Racso, started with an investment of $40,000 in 2020, he managed to multiply his cryptocurrency holdings 10 times to $440,000 before losing much of it.

https://www.benzinga.com/markets/cryptocurrency/24/02/37281393/im-borderline-ready-to-kick-you-off-youtuber-caleb-hammer-faces-off-with-24-year-old-astro?utm_source=snapi

In this week's installment of "Money Reimagined," hosts Michael Casey and Sheila Warren are joined by Chris Dixon, a general partner at Andreessen Horowitz and author of the book 'Read, Write, Own. Building the Next Era of the Internet.

https://www.youtube.com/watch?v=8d8geWd8Stk