News
Crypto NFT Today: Week 2 of March
Welcome to another edition of Crypto-NFT today! The last two weeks have been full of unmissable events that will set the tone for the future of blockchain, cryptocurrency, and NFTs.
With bitcoin spot ETFs breaking records, BitGo introducing replace-by-fee, and more, there’s a lot of essential news you should know. So, let’s dive in and see what’s going on!
Spot Bitcoin ETFs Break Records
Unprecedented investor interest increased into spot Bitcoin ETFs on March 12, with inflows exceeding $1 billion in a single day, as reported by BitMEX Research. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting nearly $850 million in capital. This highlights the growing enthusiasm for Bitcoin and its associated financial instruments.
Since its launch on January 11, 2024, IBIT has amassed an impressive $11 billion in inflows, overshadowing the combined inflows of nine other issuers approved by the Securities and Exchange Commission (SEC) to launch ETFs based on the spot price of Bitcoin. IBIT’s success signifies a significant shift in investment trends towards digital assets, particularly Bitcoin, which maintains its dominance as the leading cryptocurrency by market capitalization.
TrendRestaurants are using technology to survive the pandemic
BitGo introduces paid replacement
Announcing support for replace-by-fee (RBF) for Bitcoin 🎉
RBF support allows clients to replace blocked transactions in the mempool and gives users more control over their transactions.
Available for all BitGo Bitcoin wallets.
Find out more about the most important products in the sector… pic.twitter.com/bWN4Xv66ii
—BitGo (@BitGo) March 13, 2024
BitGo, a leading provider of cryptocurrency wallets and custody solutions, has revealed Replacement with fee (RBF). This announcement highlights BitGo’s commitment to providing its customer base with advanced features and capabilities to navigate the ever-evolving landscape of Bitcoin transactions.
The inclusion of RBF support in BitGo wallets offers customers a tool for managing transactions, particularly in adjusting fees for acceleration.
Initial investment of 6.4 million dollars for the Web3 fashion house
mmERCHa Web3 fashion startup that exploits blockchain technology, revealed its successful $6.4 million seed funding round, valuing the company at $25.7 million post-liquidation. Leading this significant advancement is Liberty City Ventures, marking a pivotal moment for the fashion house under the leadership of Colby Mugrabi.
The funding, as detailed in a press release from mmERCH on Thursday, will be allocated to enhancing the brand’s proprietary technology stack, expanding the engineering team, and fueling follow-on collections, all geared towards building a brand and a contemporary platform.
Judge Rules Craig Wright Not Inventor of Bitcoin
The judge presiding over a legal dispute regarding the origin of Bitcoin has done so condemned Australian computer scientist Craig Wright. The creator, known only by the pseudonym Satoshi Nakamoto, has remained anonymous ever since That of Bitcoin start.
Dr. Wright, originally from Australia, has been claiming to be Satoshi since 2016. However, his claims and supporting evidence have met with skepticism from cryptocurrency experts. Over the years, Dr. Wright has had legal disputes with individuals who dispute his claims, resulting in recurring court appearances.