Important Points:

• The overall market capitalization of cryptocurrencies drops to $2.041 trillion as XRP loses 3.40% in the midst of a wider sell-off.
• Talk of an appeal in the SEC v. Ripple case is heating up; this could effect the stability of the price of XRP.
• The SEC’s decision to file an appeal will determine how much XRP will cost; in the upcoming weeks, volatility is predicted.

XRP Falls During a Cryptocurrency Sell-Off

After dropping 2.20% the day before, XRP fell 3.40% on Tuesday, August 27, finishing at $0.5674. XRP tracked the overall decline in the cryptocurrency market, which experienced a 5.30 percent decline in market capitalization to $2.041 trillion.

Better than anticipated Investor expectations on repeated 2024 Fed rate cuts were put to the test by US economic data, which sparked a widespread sell-off in cryptocurrencies. On Tuesday, investor sentiment was impacted by US consumer confidence. Investor concerns about a hard US landing and the necessity of swift Fed rate cuts to support the economy were probably allayed by an unanticipated surge in confidence.

SEC vs. Ripple: Talk of an appeal heats up ahead of the SEC closed meeting

It has been three weeks since August 7th, when Judge Analisa Torres rendered the final decision in the SEC vs. Ripple case. Regarding whether or not to file an appeal, the SEC has not said anything.

Pro-crypto attorney Fred Rispoli reopened the appeals debate on Tuesday by posing the question,

“Can any securities lawyers provide me with an answer on the likelihood of an SEC vs. Ripple appeal? If Ripple prevails on all fronts against the SEC, would the SEC be required to pay statutory interest on it as well?”

James Farrell, general counsel at AscendEX and a former member of the SEC,

“Saying that typically Ripple would post a bond securing the decision and delay payment while an appeal was pending. The cost of the bond would normally be assessed against the SEC in the event of a loss as part of the appeal’s costs under FRAP 39 (at the 2d Circuit is discretion, just like any bill of costs).”

Farrell continued,

“Even more complicated if the Second Circuit remands for a new trial—for instance, if it determines that certain factual concerns should have prevented the award of summary judgment. All of this presupposes a cross-appeal. Because if Ripple does not file a cross-appeal, it is essentially admitting that it owes $125 million and that the appeals court is powerless to address matters that are not before it.”

Farrell’s remark emphasized the danger the SEC would run if it decides to appeal the Ripple case’s decisions. The decision that Ripple sold unregistered XRP in violation of US securities laws may be contested by a cross-appeal filed by Ripple. A cross-appeal might undermine the SEC’s regulatory strategy by creating a precedent for XRP sales.

A SEC Appeal Could Happen Soon?

On Thursday, August 29, the SEC will have a secret meeting where the Ripple matter may come up for discussion. An appeal might compel Ripple to file a cross-appeal and drag out the litigation until 2025.

Early October is when the 60-day appeal deadline finishes, therefore the appeals process will go on even after the US presidential election. It might be necessary for the SEC to think about the potential effects of an administration change.

The Future of XRP Price Depends on SEC Action

The SEC’s preparations for an appeal will determine price movements. The SEC’s appeal might cause XRP to drop below $0.40. On the other hand, if the SEC decides not to appeal the case’s decisions, XRP may aim to recover to $1.00. The July 2023 Programmatic Sales of XRP judgment caused XRP to spike from $0.4696 to a high of $0.9327.

Investors should be on the lookout because news about appeals will probably affect XRP price movements. Keep yourself informed about XRP and the wider cryptocurrency industry by following our most recent news and analysis.

Price Action of XRP

Every Day Schedule

Bullish price indications were sent by XRP as it stayed above the 200-day and 50-day moving averages.

A bounce back to $0.6000 might be supported by a breakout from the 50-day EMA. Moreover, a bounce back to $0.60 would portend a move up toward the resistance level at $0.6609 and the high of $0.6434 on August 7.

Updates pertaining to SEC vs. crypto cases and SEC activity should be taken into account.

On the other hand, a decline beneath the 200-day and 50-day EMsA would indicate a positive trend reversal and a potential decline below $0.50.

At 46.54 on the 14-day RSI, XRP might drop below $0.50 before going into oversold territory.

At the moment, India’s regulations surrounding cryptocurrencies are mostly focused on counterterrorism financing (CTF) and anti-money laundering (AML).

Ajay Seth, the Economic Affairs Secretary, said that India will publish a discussion paper by September detailing its policy position on cryptocurrencies. The purpose of this project is to get input from pertinent parties regarding the suggested legal framework for cryptocurrencies in the nation. The upcoming discussion paper will examine existing constraints and solicit feedback on the scope of bitcoin legislation in India.

In an interview with Moneycontrol, Seth mentioned that anti-money laundering (AML) and counter-terror financing (CTF) regulations currently govern cryptocurrencies in India. Should the scope of regulation be expanded beyond that point, as it cannot extend further? What position should the policy take? The discussion paper will contain all of that information.”

India expanded the scope of CTF and AML regulations to cover cryptoassets and intermediaries in March 2023. A more comprehensive strategy for cryptocurrencies is presently being developed by an inter-ministerial group that comprises the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI). An interministerial panel is now investigating a more comprehensive cryptocurrency policy. Before September, we hope to release the discussion paper,” Seth continued.

The choice to write a discussion paper came about as a result of the G20 member nations endorsing the principles during India’s leadership last year. The Financial Stability Board (FSB) and the International Monetary Fund (IMF) developed these guidelines, which recommended against a complete prohibition on cryptocurrency activities because they were deemed unfeasible.

Seth emphasised the significance of the G20’s established roadmap, which offers a structure for evaluating the risks and possible applications of cryptocurrencies. This approach is probably going to have an impact on how India’s discussion paper develops.

What Does the Paper Expect To Present?
The purpose of the paper is to introduce concerns to stakeholders and solicit their opinions in order to start a conversation. This strategy is consistent with a story by Reuters earlier this year, which stated that Sebi has proposed that many regulators supervise the trading of cryptocurrencies, indicating the willingness of certain authorities to allow private virtual assets. On the other hand, the RBI has voiced worries over the macroeconomic dangers that private digital currencies provide.

By obtaining feedback from different stakeholders, a balanced regulatory framework may be able to be created. India’s focus on cryptocurrencies is currently on AML and CTF regulations, but Edul Patel, CEO of Mudrex, told ABP Live that “a wider mandate is definitely needed to expand the scope to include consumer protection, market integrity, and innovation that can ensure responsible growth.” “The interministerial group’s decision to include RBI and SEBI indicates a cooperative effort that strikes a balance between innovation and risk mitigation. We eagerly await the September publication of the paper.”

Ashish Singhal, a co-founder of CoinSwitch, stated, “We look forward to reading the fine print and contributing to robust cryptoasset regulations focused on consumer protection and innovation in India.”

Significant progress has been made in India’s regulation of cryptocurrencies, notably the central bank’s 2018 ban on financial institutions working with cryptocurrency users or exchanges, which was later overturned by the Supreme Court in 2020. The government attempted to submit a bill in 2021 that would have prohibited private cryptocurrency use, but it was never passed.

Quick analysis of cryptocurrency prices on July 18: The market value increased to $2.37 trillion globally.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), began to decline early on Thursday, breaking below $65,000 following a strong few days. According to CoinMarketCap statistics, other well-known altcoins, including as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), all received negative ratings, with the Market Fear & Greed Index as a whole standing at 57 (Neutral) out of 100. The most valuable token was Lido DAO (LDO), which increased by more than 6% in a single day. Following a 24-hour decline of more than 7 percent, Mog Coin (MOG) emerged as the largest loser.

As of the time of writing, the value of the entire cryptocurrency market was $2.37 trillion, a decrease of 1.33 percent in a day.

Price of Bitcoin (BTC)
According to CoinMarketCap, the price of Bitcoin was $64,780.29 today, a 1.55 percent decrease over the previous day. As per the Indian exchange WazirX, the current price of Bitcoin was Rs 57 lakh.

Ethereum Price (ETH) Now
At the time of writing, the price of ETH was $3,425.87, indicating a 1.64 percent decrease over the previous 24 hours. The price of Ethereum in India was Rs 3.02 lakh, according to WazirX.

Price of Dogecoin (DOGE)
According to CoinMarketCap data, DOGE saw a 1.78 percent 24-hour loss today, with a current price of $0.1233. The price of Dogecoin in India was Rs 10.84, according to WazirX.

Price of Litecoin (LTC)
Litecoin had a 1.68 percent 24-hour decline today. It was trading at $72.23 at the time this was written. The cost of LTC was Rs 6,235.35 in India.

Price of Ripple (XRP)
The price of XRP was $0.6096 today, up 2.60 percent in the last 24 hours. WazirX reported that the price of ripple was Rs 53.30.

Solana (SOL) Cost
The price of Solana today was $158.51, indicating a 1.77 percent decrease in a day. The price of SOL in India was Rs 13,949.76, according to WazirX.

Top Bitcoin Gainers Right Now, July 18
The top five cryptocurrency gainers during the last 24 hours, according to CoinMarketCap data, are as follows:

Lido DAO (LDO)

Cost: $1.99
Gain in a day: 6.28 percent

Render (RNDR)

Cost: $6.78
Gain in a day: 4.42 percent

Neo (NEO)

Cost: $11.93
Gain in a day: 4.37 percent

THORChain (RUNE)

Cost: $4.36;
Gain in 24 hours: 4.06 percent

The Axie Infinity (AXS)

Cost: $6.34
Gain in a day: 3.88 percent

IMPORTANT ANNOUNCEMENT OF EXCHANGES LISTING

1.WhiteBitcoin (WBTC) Listing on BisafeAI Exchange on December 25, 2024

We are thrilled to announce the listing of WhiteBitcoin (WBTC) on the BisafeAI Exchange, effective December 25, 2024. This exciting addition provides our users with new opportunities to trade and invest in one of the most innovative digital currencies on the market.

What Is BisafeAI Exchange?

BisafeAI Exchange is The World\u2019s First AI-driven CETF, SPOT, FUTURE, OPTIONS & STAKING cryptocurrency trading Upcoming platform, designed to offer a secure, efficient, and user-friendly experience for trading digital assets. It supports a wide range of cryptocurrencies and provides advanced trading tools, real-time market data, and competitive fees. Security is a top priority, with features like two-factor authentication, encryption, and cold storage for user funds. The platform ensures regulatory compliance and offers robust customer support to assist users. Whether you are a beginner or an experienced trader, BisafeAI Exchange aims to facilitate smooth and safe trading.

Trading Details

Trading Pair: WBTC/USDT

Trading Starts: December 25, 2024

Available for Spot Trading, Future & Options Trading

Benefits for BisafeAI Exchange Users

1. Diverse Investment Opportunities: Adding WBTC to our platform provides more options for diversifying your investment portfolio.

2. Enhanced Trading Experience: With our user-friendly interface and advanced trading tools, trading WBTC will be a seamless experience.

3. Promotional Events: Stay tuned for special promotions and bonuses to celebrate the listing of WBTC.

How to Get Started

1. Register: on the BisafeAI Exchange (www.bisafe.ai) if you haven’t already.

2. Complete Verification: Ensure your account is verified to start trading.

3. Deposit Funds: Add funds to your account to begin trading WBTC.

4. Start Trading: Navigate to the trading section and select the WBTC/USDT pair to begin your trading journey.

We Recommend After Listing Of WhiteBitcoin(WBTC)

Stay Updated

Follow us on our social media channels and subscribe to our newsletter to receive the latest updates and news about WBTC and other exciting listings on BisafeAI.

We look forward to seeing you trade WhiteBitcoin (WBTC) on BisafeAI and benefiting from the unique opportunities it offers.

Happy Trading!

For further assistance, please contact our support team at dev@bisafe.ai

2. WhiteBitcoin (WBTC) to Be Listed on Belpay Exchange in Futures & Options on December 25, 2024

WhiteBitcoin (WBTC) is set to be listed on the Belpay Exchange starting December 25, 2024. This listing will include futures and options trading, marking a significant step for WBTC in expanding its trading options and accessibility for investors.

The inclusion of WBTC in Belpay Exchange’s futures and options market provides traders with new opportunities to hedge and speculate on the cryptocurrency’s price movements. The introduction of these derivatives is expected to enhance liquidity and offer more sophisticated trading strategies for WBTC holders.

Belpay Exchange, known for its robust trading platform and a wide array of financial instruments, is set to facilitate this listing to attract a broader audience to WhiteBitcoin. This strategic move underscores the growing acceptance and integration of WBTC within the cryptocurrency financial ecosystem.

support@belpay.io

3. WhiteBitcoin (WBTC) Listing at Binance, Bybit, and Polonex in Q2 2027

Introduction:

WhiteBitcoin (WBTC), a prominent cryptocurrency known for its innovative blockchain technology and robust security features, is set to make a significant move in the digital currency market. In the second quarter of 2027, WBTC will be listed on three major cryptocurrency exchanges: Binance, Bybit, and Poloniex. This strategic listing is expected to enhance liquidity, accessibility, and overall adoption of WBTC among global investors.

Binance Listing:

Binance, the world’s largest cryptocurrency exchange by trading volume, will include WBTC in its diverse portfolio of digital assets. This listing will allow Binance users to trade WBTC against various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The inclusion on Binance provides WBTC with exposure to millions of traders worldwide, significantly boosting its market presence.

Bybit Listing:

Bybit, a rapidly growing derivatives exchange known for its advanced trading features and user-friendly interface, will also list WBTC. This listing will enable Bybit’s users to engage in spot trading as well as leverage WBTC for futures contracts. Bybit’s integration of WBTC is anticipated to attract both retail and institutional traders, offering new opportunities for hedging and speculation in the crypto market.

Poloniex Listing:

Poloniex, a well-established exchange known for its broad selection of altcoins and high-security standards, will add WBTC to its trading platform. The listing on Poloniex will allow users to trade WBTC with various fiat and cryptocurrency pairs. Poloniex’s reputation for reliability and security is expected to attract a diverse user base to WBTC, promoting its stability and growth.

Market Impact:

The simultaneous listing of WBTC on Binance, Bybit, and Poloniex marks a significant milestone in its development. This strategic move is expected to enhance the liquidity and trading volume of WBTC, making it more attractive to investors. The increased accessibility through these major exchanges will likely drive adoption and foster greater confidence in WBTC as a viable investment option.

Conclusion:-

The listing of WhiteBitcoin (WBTC) on BisafeAI, Belpay in Q4 2024 & Binance, Bybit, and Poloniex in Q2 2027 represents a pivotal moment in the cryptocurrency landscape. By joining forces with these leading exchanges, WBTC is poised to expand its reach and influence, solidifying its position as a key player in the digital currency market. Investors and traders are encouraged to take advantage of this opportunity to engage with WBTC on these reputable platforms, potentially benefiting from its promising prospects.

REGARDS

TEAM VIP WALLET – BTC, WBTC & WEB3

Web3, or Web 3.0, is the next generation of internet services characterized by decentralized protocols, blockchain technologies, and Coin/token-based economies. It aims to create a more open, transparent, and user-centric internet. Here’s a closer look at what Web3 entails and why it matters:
Key Features of Web3.

Decentralization

• Blockchain Technology: Web3 uses blockchain to decentralize control, ensuring no single entity owns or controls the network, unlike the centralized platforms dominating Web2.
• Peer-to-Peer Networks: Users interact directly with each other, enhancing privacy and reducing dependency on centralized entities.

Trust and Transparency:

• Smart Contracts: These self-executing contracts have terms directly written into code, automatically enforcing and executing agreements, which reduces the need for intermediaries and enhances trust.
• Immutable Ledgers: Transactions are recorded on the blockchain in an immutable and transparent manner, ensuring data cannot be altered once added.

User Ownership and Control:

• Digital Assets and Coin/Token: Web3 allows the creation and ownership of digital assets and cryptocurrencies, giving users real ownership and control over their digital interactions and transactions.
• Decentralized Identity: Users maintain control over their digital identities, reducing the risks associated with data breaches and identity theft.

Economic Incentives:

• Coin/Token Economies: Cryptocurrencies and tokens incentivize participation and contributions to the ecosystem, rewarding users for their engagement.
• Decentralized Finance (DeFi): Web3 includes a range of decentralized financial services, offering alternatives to traditional financial systems and enabling more inclusive financial access.

Why Web3 Matters

Empowerment and Ownership:

• User-Centric: Web3 shifts power from centralized entities to individuals, giving them more control over their data, digital identities, and assets.
• Monetization: Creators and users can directly monetize their contributions without intermediaries, leading to fairer compensation models.

Innovation and Inclusion:
• New Business Models: Web3 fosters new business models like decentralized autonomous organizations (DAOs) and decentralized applications (dApps) that were not possible under Web2.
• Global Access: By removing barriers associated with centralized control, Web3 provides global access to financial services, information, and digital resources.

Enhanced Security and Privacy:

• Data Ownership: Users maintain ownership of their data, reducing the risk of breaches and misuse by third parties.

• Cryptographic Security: The use of cryptographic techniques enhances security, ensuring secure transactions and interactions.
Reduced Intermediary Costs:

• Efficiency: By eliminating intermediaries, Web3 reduces transaction costs and improves efficiency, making processes quicker and more cost-effective.
• Direct Interactions: Users can engage in direct transactions and interactions, streamlining processes and reducing overhead costs.

Challenges and Considerations

• Scalability: Current blockchain technologies face scalability issues that need addressing to handle large-scale applications and user bases.
• Regulation: The regulatory landscape for cryptocurrencies and blockchain is still evolving, posing potential risks and uncertainties.
• Usability: Web3 applications often have a steep learning curve, requiring further development of user-friendly interfaces for mass adoption.
• Security Risks: While blockchain itself is secure, the surrounding ecosystem (such as smart contracts and dApps) can be vulnerable to exploits and hacks.

Conclusion
Web3 represents a transformative shift in how we interact with the internet, promising greater decentralization, security, and user empowerment. Despite the challenges, the potential benefits of a more open, user-centric, and equitable internet make Web3 a critical development in the digital landscape. As the technology matures, it is likely to have profound implications for various aspects of society, from finance and governance to social interaction and digital content creation

Key Takeaways:

• Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.

• VIP Web3 wallet come in various types. Non-custodial wallets provide user autonomy, while custodial wallets offer convenience with third-party management. Advance Blockchain wallet introduces programmable features for advanced functionalities and enhanced security.

• Popular examples of Web3 wallets include MetaMask and Trust Wallet.

Introduction:

VIP Web3 wallet have emerged as essential tools for users seeking to explore the world of cryptocurrencies and decentralized finance (DeFi). In this guide, we will discuss the fundamental concepts of Web3 wallet and their different types, followed by some popular examples.

What Is a VIP Web3 Wallet?

VIP Web3 wallet are digital wallet designed for the world of Decentralised Finance They act as gateways for users to interact with blockchain networks and decentralized applications , providing a secure way to manage cryptocurrencies, NFCs and other digital coin.

VIP Web3 Wallet vs. Crypto Wallets

Although the two terms are often used as synonymous, not all crypto wallets are compatible with DApps and DeFi platforms. So, while both VIP Web3 and crypto wallets are used to manage cryptocurrencies, VIP Web3 wallet support a wider variety of digital assets.

How VIP Web3 Wallet Work

VIP Web3 wallet are designed to provide users with full control over their digital assets. This means that users are responsible for managing their Seed Phrases and Private Key.

Typically, whenever you create a new VIP Web3 wallet, you will generate a unique seed phrase of 12 words. This is what gives total access to your crypto wallet and its private keys (used to Sign and verify transactions). Do not share your seed phrase and private keys with anyone.

Key Features of VIP Web3 Wallet

Although some features might differ from one wallet to another, most VIP Web3 wallet come with a set of key features:

• Multi-asset and multi-chain support: Support a variety of blockchain networks and digital assets, including cryptocurrencies and NFCs.

• Advance Blockchain and DeFi interoperability: Facilitate seamless interactions with Advance Blockchain, giving users access to DApps, decentralized exchanges, marketplaces, and other blockchain-based applications.

• Peer-to-peer transactions: Enable users to send and receive digital assets without the need for centralized services or intermediaries.

• Security: VIP Web3 wallet should offer robust security and implement encryption techniques to protect seed phrases and private keys from potential threats. Some also include notifications and warnings against potentially malicious websites and Advance Blockchain.

• Pseudonymity: Although most blockchain transactions are publicly available, users can create VIP Web3 wallet without sharing sensitive data or personal information.

Custodial vs. Non-Custodial Web3 Wallet

1. Non-custodial wallet

Non-custodial or self-custody wallets provide users with complete control over their assets. Popular examples include MetaMask and Trust Wallet. Non-custodial VIP Web3 wallet is considered the safest option for most traders and investors, as long as their private keys and seed phrases are kept private and secure.

2. Custodial wallets

Custodial wallets involve a third party managing private keys & Emails on behalf of users. The wallet you have in your VIP wallet account are example of a custodial wallet. While offering convenience, users must trust the custodian with their assets, so it’s important to choose a reliable and trustworthy Service Provider.

Types of Web3 Wallets

There are multiple ways to categorize Web3 and crypto wallets. In this section, we will explore some of the most common types: hardware, web, desktop, mobile, paper, smart contract, advanced blockchain wallets. Keep in mind, however, that there are overlaps between the different categories. For example, some Web3 wallets like MetaMask & VIP WEB3 are available as both web and mobile wallets.

Hardware wallets

Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they’re safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice. 

You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.

Web wallets

Web wallets usually operate through a browser interface, allowing users to access their cryptocurrency holdings online. Most web wallets today are also available as mobile wallets. While convenient, users must be cautious when connecting their wallets to DeFi platforms and DApps. Interacting with malicious websites or smart contracts may put your assets at risk.

Mobile wallets

Mobile wallets operate similarly to web wallets but are specifically crafted for smartphones. They enable users to send and receive cryptocurrencies conveniently using QR codes. They also offer easy mobile access to DeFi and DApps.

However, just like computers, mobile devices are susceptible to malicious apps and malware. It’s advisable to secure a mobile wallet by encrypting it with a password and backing up your seed phrase (or private keys) in case of phone loss or malfunctions.

MetaMask, VIP Web3 Wallet, and Trust Wallet are notable examples of mobile crypto wallets. We will cover each in more detail in the next section.

Advance Blockchain wallet

Advance Blockchain wallet are managed by Advance Blockchain on the blockchain. This wallet introduces programmable, self-custodial accounts and enables advanced functionalities. Unlike traditional wallets, advanced blockchain wallet allow users to define rules and conditions for transactions, automate financial activities, and enhance security through programmable logic. 

Advanced blockchain wallets often leverage blockchain technology, providing users with decentralized control over their funds and facilitating integration with DeFi applications. Security features such as multi-signature requirements, time locks, and upgradability are common aspects of advanced blockchain wallets, making them versatile tools for managing and interacting with cryptocurrencies.

Desktop wallets

Desktop wallets were more common in the early years of Bitcoin, WhiteBitcoin and cryptocurrencies. They are software applications installed on your computer, providing complete control over your cryptocurrency keys. Security relies on the user’s computer integrity, and regular backups of the wallet data are essential to prevent loss.

Paper wallets

Paper wallets are often discouraged and considered by many obsolete. They involve the physical printing or writing of cryptocurrency addresses and private keys on paper. Offering offline storage, they are resistant to online hacking but require careful handling and secure storage to prevent physical damage or loss.

Examples of Web3 Wallets

MetaMask

MetaMask stands as one of the most popular non-custodial Web3 wallets, known for its compatibility with Ethereum and various EVM-compatible blockchains, such as BNB Chain, Polygon, Avalanche, Arbitrum, and many others.

Users can use MetaMask to interact with DApps, manage digital assets, and engage in token swaps. MetaMask prioritizes user autonomy, as it doesn’t control private keys, offering a secure and intuitive experience for both beginners and experienced users.

VIP Web3 Wallet

The VIP WEB3 Wallet integrated into the VIP Wallet app, targets both new and experienced DeFi users. Leveraging advanced blockchain technology, it enhances cryptographic security by eliminating the need for a single storage location for private keys. The wallet’s Two “key shares” are distributed across the Web3 Wallet, cloud storage, and the user’s device. This approach ensures enhanced security and reduced risks of single points of failure.

VIP Web3 Wallet Features

• Easy setup: Quick creation through the VIP Wallet app with seed phrases and private keys.

• Convenience: Seamlessly connected to VIP Wallet Bridge and other service providers for easy coin swaps and exploration of DApps.

• Security measures: Wrong address protection and identification of potentially malicious Advance Blockchain, with transactions controlled by Advance Blockchain (ABC20) technology.

• Self-custody: Encrypted by Two “key shares” and a password, offering complete autonomy over assets.

Trust Wallet

Trust Wallet another prominent non-custodial wallet, offers a seamless mobile experience for managing cryptocurrencies. Supporting a wide range of blockchains, Trust Wallet enables users to store assets, explore DApps, and participate in DeFi activities. Its user-friendly interface and strong security measures make it an ideal choice for mobile users seeking both convenience and protection.

Closing Thoughts

Web3 wallets have become indispensable tools for those delving into cryptocurrencies and DeFi, allowing users to engage with blockchain networks and decentralized applications (DApps). Whether opting for MetaMask, VIP Web3 Wallet, or Trust Wallet, users should always keep their seed phrases and private keys confidential and safe.

Quick analysis of cryptocurrency prices on March 27: The value of the world market fell to $2.66 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to hold steady on Wednesday, staying about $70,000. The current surge is mostly thought to have been influenced by the London Stock Exchange’s supportive position towards Ethereum and Bitcoin exchange-traded notes (ETNs) and their impending launch on March 28. Positive results were also seen for other well-known altcoins, such as Litecoin, Dogecoin, Ethereum, Ripple, and Solana. Memecoin dogwifhat (WIF), which had a surge of more than 19 percent in a day, emerged as the largest gainer of the group. After falling more than 13 percent in a single day, KuCoin Token (KCS) emerged as the largest loser of the group.

At the time of writing, the value of the entire cryptocurrency market was $2.66 trillion, a decrease of 0.07 percent over the previous 24 hours.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of bitcoin was $70,349.99, down 0.20 percent in a day.

Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $3,604.53, indicating a 0.63 percent decrease over the previous 24 hours.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE experienced a 3.32 percent 24-hour gain, with a current price of $0.1832.

Litecoin (LTC) Price Today
Litecoin witnessed a 6.80% rise in a single day. As of writing, its trade price was $96.80.

Ripple (XRP) Price Today
The price of XRP was $0.6315 after losing 1.97 percent in a day.

Solana (SOL) Price Today
The price of Solana was $189.95, a decrease of 0.87 percent in a day.

On Wednesday, Bitcoin resumed its upward trend following a slight decline from its peak, which was reached in less than a day, as investors continued to place bets on the biggest cryptocurrency in the world.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), was able to hold steady early on Thursday, hovering around $66,000. The venerable cryptocurrency doesn’t seem to be ready to give up on its recent surge, which allowed it to surpass its all-time high earlier this week. All other popular coins, like as Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Ethereum (ETH), Ripple (XRP), and WhiteBitcoin (WBTC), performed well overall. The token known as Fetch.ai (FET) saw the largest gain of all, rising by almost 50% in just a single day. Memecoin BONK suffered the most loss, falling more than 7% in a single day.

The digital currency has experienced a spectacular rise, up 55% so far this year, driven by investors flooding U.S. spot exchange-traded crypto products with cash and the possibility of a decline in global interest rates.

Lennix Lai, global chief business officer of cryptocurrency exchange OKX, stated that the surge is supported by ETF traffic and a view that includes an Ethereum upgrade and a bitcoin “halving,” which decreases the rate at which bitcoin is being mined.

“The trend also indicates an elevated level of mainstream acceptance of bitcoin, perhaps more than ever before.”

The U.S. Securities and Exchange Commission’s approval of eleven spot bitcoin ETFs in late January was a turning point for the industry after an 18-month crypto winter marred by many high-profile firm bankruptcies and scandals.

Due to the token’s abrupt and erratic movements, institutional investors who previously avoided it have started to commit long-term capital as well, which analysts believe could support the most recent leg of the surge.

The current euphoria around bitcoin has also affected its competitors, as seen by the fact that ether, the second-largest cryptocurrency, has increased by more than 60% year to date.

At $3,750, it was recently 6.4% higher.

However, some claim it’s difficult to ignore these assets’ speculative nature. Tuesday saw bitcoin reach a record high, but it quickly reversed direction and dropped more than 10% below the $60,000 mark.

“It appears to be the typical behavior of bitcoin: it consumes you and then releases you,” stated Matt Simpson, a senior market analyst at City Index.

Some weaker hands were wiped out by a pump and dump to previous record highs, and I believe we are already in the unpredictable and volatile phase that typically occurs when it reaches a record high.

The value of the global cryptocurrency market increased by almost 8% to $2.33 trillion. Over the past day, the overall volume of the cryptocurrency market increased by 110% to $198.71 billion.

The cryptocurrency market kept rising. On Thursday, bitcoin had yet another surge, closing in on $64,000 for the first time in about 27 months. The largest cryptocurrency token, valued at $1.24 trillion overall and up almost 11% in terms of market capitalization.

The long anticipated Bitcoin halving, the introduction of Bitcoin exchange-traded funds (ETFs), which is bringing in institutional flows, and rumors of Amazon’s Jeff Bezos’ interest in the digital asset class are largely responsible for the recent surge in the price of Bitcoin.

In the past day, Bitcoin has increased significantly, approaching $64,000. The US’s ten Bitcoin ETFs, whose trading volume surpassed $7.7 billion on a daily basis, are credited for this spike. In example, BlackRock’s Bitcoin ETF traded $3.3 billion on Wednesday, more than double its previous record volume, indicating the increasing demand.

In the first two months of 2024, Bitcoin increased by over 50%, and in February alone, it increased by almost 45%. The biggest cryptocurrency token has seen a 25% increase in valuation even in the past week. At 12:15 p.m. on Thursday, the price of bitcoin was almost $63,500.

With $7.5 billion traded in Bitcoin spot ETFs over the course of the last day, huge volumes were observed, doubling the previous record as BTC reached an all-time high in the Indian markets. With a gain of over 44% in February, bitcoin has had its largest monthly movement since December 2020.

Based on data from Coinmarketcap, the value of the global cryptocurrency market increased by almost 8% to $2.33 trillion. Over the past day, the overall volume of the cryptocurrency market increased by 109.95% to $198.71 billion. The percentage of Bitcoin users increased by over 1% to 53.27 percent.

With the market sentiment gradually shifting towards the category of “extreme greed,” all Indian investors who had previously made Bitcoin investments are now in a positive position. It is important to remember that during the halving event, Bitcoin has never reached its all-time high. It warned that the all-time high of $69,000 will serve as a significant obstacle.

The speculation that Jeff Bezos, who is rumored to have invested billions of dollars in Bitcoin, is interested in the digital asset class has caused the price of the cryptocurrency to skyrocket. But neither Bezos nor his massive online retailer Amazon have confirmed this.

The cryptocurrency industry has experienced a notable upswing, and Bitcoin has also experienced a rise, approaching its peak from November 2021. Strong inflows into BTC spot ETFs, historical patterns preceding halving events, and backing from significant institutions are driving this rise.

According to him, the rumored $8 billion Bitcoin investment by Jeff Bezos has fueled the flames even further. “Although the crypto world regards these claims with suspicion, the idea of Bezos joining the field has excited many. The rumors continue even though there isn’t any hard proof or an official announcement from Bezos or Amazon confirming the same.”

Market experts believe that institutional players are driving the current rally with less retail participation. They also believe that optimism in the crypto space stems from the possibility of the US Federal Reserve cutting interest rates this year amid the easing inflationary pressure, which pushes the appeal of Bitcoin future.

This indicates that as March approaches, Bitcoin may surpass its recent highs. Anticipation is only growing as the next halving event is scheduled for mid-April, creating the conditions for Bitcoin to go to previously unheard-of heights.

Although there are hints that the dollar index may be increasing, the technical indicators for BTC/USD point to a promising future. Additionally, the general increase in liquidity has encouraged investors to participate actively in the cryptocurrency market.

On Monday, a variety of major crypto tokens were trading. Other prominent cryptocurrencies including Ethereum, Solana, BNB, Avalanche, Toncoin, and Tron surged up to 2%, while Bitcoin declined 0.24% over the past 24 hours and traded at $51,513.69 about 12 pm India time. XRP, Cardano, and Dogecoin were the other losers in the group, with declines of up to 1.5%.

Bitcoin has been consolidating over the past few weeks, ranging between $50,000 and $53,000 after rising by around 36% since the beginning of 2024. Bitcoin is still below the resistance level of $53,000. He believes that a break out over this level will soon drive the price up to $60,000.

On the heels of the first net outflow from the Bitcoin ETF since January 25, 2024, CoinDCX expects bearishness. Technically speaking, BTC finished lower but remained within its range; CoinDCX market movement indicated that local support was at $50,600 and resistance was at $52,500. In contrast, ETH held steady in the $2,900–$3,000 range, with $3,030 acting as resistance and $2,880 serving as local support.

According to CoinDCX, the hints made on Reddit about investing extra money in Bitcoin and Ethereum are positive signs for these cryptocurrencies.

Regarding ETH, it has recovered the $3k mark twice in February, and its Relative Strength Index (RSI) has increased as a result of the recent upswing.

Uniswap’s governance token, UNI, saw a 60% increase in value on Friday night in the altcoin space as a result of a prominent Uniswap Foundation member’s proposal to restructure the protocol’s fees-sharing structure for token holders. The coin has managed to maintain its value at roughly $11 ever since. Concurrently, Avalanche (AVAX, +0.57%) experienced a significant outage on Friday, with network stress preventing the company from producing blocks for over four hours.