A monumental transaction involving 300 million XRP, valued at approximately $187.1 million, was executed from Binance to an undisclosed wallet on March 8, capturing the attention of the cryptocurrency community. This transaction, facilitated on the Ripple blockchain for a fee barely noticeable at 0.00001 XRP, stands as a testament to the efficiency and minimal cost of transacting with XRP. The anonymity of the receiving wallet adds a layer of mystery to this significant financial maneuver. The crypto data tracking entity, Whale Alert, has observed a notable uptick in XRP transactions, with several large amounts being transferred to unknown wallets from Binance in the last 24 hours alone. These included transfers ranging from 18.34 million to 18.91 million XRP, pointing towards possible strategic investments or portfolio adjustments by influential market participants. The buzz around these massive transactions not only showcases XRP’s robustness and appeal as a medium for large-scale transfers but also fuels anticipation for its future prospects and adoption in the digital currency ecosystem.

Whale Alert

Bitcoin Magazine is pleased to announce Unchained, the leading Bitcoin financial services provider, as the Title Sponsor for “21 Days of Bitcoin”. 21 Days is Bitcoin Magazine’s email-based course teaching participants the Bitcoin basics while rewarding them with bitcoin along the way. 21 Days has educated over 120,000 course participants since its inception in 2020, and through partnership with Unchained, will continue driving forward Bitcoin education for both individuals learning about Bitcoin for the first time as well as those wanting to refresh their Bitcoin knowledge.

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BIGCAP COINS:

1. Shiba Inu: Market Cap of $20.6 Billion.
2. Pepe: Market Cap of $3.7 Billion.
3. Cardano: Market Cap of $25.7 Billion.

MIDCAP COINS:

1. Gorilla: Market Cap of $11.8 Million.
2. JasmyCoin: Market Cap of $1.0 Billion.
3. Solama: Market Cap of $44.9 Million.

RISING COINS:

1. FLOKI: Market Cap of $1.3 Billion.
2. Node AI: Market Cap of $125 Million.
3. MAGA: Market Cap of $381 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Ethereum Soars, Touches $4,000 for First Time in Two Years
Today marks a monumental moment for Ethereum as it breaches the $4,000 threshold, a feat not seen in over two years, igniting enthusiasm among its followers. The cryptocurrency has witnessed a remarkable upturn, appreciating by over 4% due to a wave of substantial investments and a buoyant market outlook. This surge is a clear indication of Ethereum’s robust momentum and the growing investor confidence in its long-term value. The push beyond the $4,000 mark is a significant achievement for Ethereum, reflecting its solid position in the cryptocurrency landscape and suggesting a bullish trend for its future. This milestone has not only reinforced the optimism within the Ethereum community but also underscored the broader potential of Ethereum in the digital currency sphere.

Data

REDMOND, WASHINGTON 4 March 2024 – $KARMA has released the largest fungible token airdrop in Bitcoin history to over 60,000 wallets. In true Web3 tradition, the collection was launched by a seven-member $KARMA Council, bringing together 10 leading Ordinals communities behind $KARMA’s mission.

The $KARMA Council’s airdrop aims to foster a sense of community amongst early Ordinals participants and bolster the burgeoning ecosystem.

Strength in Numbers: Growing the Ordinals Ecosystem

$KARMA is a token launched by a seven-member council, including four representatives from the OnChainMonkey (OCM) community: Soldman Gachs (@DrSoldmanGachs), Fitzy (@fitzyOG), Rabbi (@RabbiGains), and Drheref…

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Have you fallen into the ‘rabbit hole’ of covenants?

Interviewer: Hua, freelance writer, independent researcher. X: @AmelieHua

Interviewee: Poly, a Controls Specialist, maintains multiple Distributed Control Systems (DCS’s) and has worked with other five nine systems (99.999% uptime availability). X: @Polyd_

Covenants are an old yet fresh topic. As early as 2013, developers began discussing this topic, and in recent years, multiple BIPs aimed at implementing covenants have been proposed, sparking intense debates and making it one of the hottest topics.

Covenants warrant serious discussion due to their powerful capabilities. They are considered to bring new possibilities to the…

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The bedrock of Bitcoin self-sovereignty is having control over your private keys. Without this, in one way or another, you are relinquishing control of your money to someone else. “Not your keys, not your coins” as the saying goes. A counter-intuitive aspect of Bitcoin for people who aren’t familiar with the technical underpinnings of it is “where” your Bitcoin actually is. When people think of a wallet, they think “the place where I keep my money.” Your bitcoin wallet doesn’t actually “hold” your Bitcoin, it just stores your private keys. Your Bitcoin is just entries of data on the blockchain hosted by everyone participating in the network. When you go to spend your…

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U.S. Senators Cynthia Lummis and Kirsten Gillibrand are working on a bill focused on stablecoins, aiming to bring regulatory clarity and investor protection. Stablecoins, digital currencies pegged to real-world assets for price stability, are at the heart of their efforts. After months of collaboration, the senators are close to unveiling their legislation, buoyed by positive feedback from various stakeholders, including the New York Department of Financial Services and the Treasury Department. This bill marks another step in Lummis and Gillibrand’s ongoing push to frame digital asset regulations, building on their previous initiatives to create a comprehensive framework for digital currencies. Known for her strong support of Bitcoin, Lummis has advocated for its benefits, highlighting its decentralized nature amidst broader financial discussions. This legislation could herald a new era of stablecoin use and oversight in the U.S., reflecting growing interest in cryptocurrency’s role in the financial system.

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