The Bitcoin strategic reserve’s purpose is to store BTC as a reserve asset, composed of holdings procured through civil or criminal asset forfeiture proceedings. The US Digital Asset Stockpile aims to fulfill the same role, housing altcoins obtained via similar seizure efforts.

This move has become a hot topic, sparking numerous reactions from the crypto community. Prominent industry figures have shared their thoughts. Among them is Arthur Beitman, co-founder of the Tezos blockchain platform, who described the strategic reserve as an “intriguing idea.” He indicated that only time would reveal its effectiveness.

Alex Shevchenko, Aurora’s CEO and co-founder, labeled the establishment of a BTC reserve a “game-changer,” signifying the acknowledgment of the premier cryptocurrency as a key financial tool by not just businesses but governments as well.

Other insightful opinions came from Anthony Scaramucci and Michael Saylor. Scaramucci, a former White House official, expressed his belief in the BTC reserve, stating it would benefit the United States more than Bitcoin. Michael Saylor, Strategy’s Executive Chairman, hailed the creation of a strategic BTC reserve as a “significant shift in the financial and geopolitical landscape of the 21st century.”

However, the move was not without criticism. Notably, Peter Schiff, a renowned crypto skeptic and gold enthusiast, argued that the decision was driven by political and financial interests.

The post The Crypto Sphere Responds to Trump’s Bitcoin Reserve Strategy appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

However, the overall transactional activity on Tezos witnessed a 5% decline during the same period, with average monthly transactions and contract calls hovering around 3.2 million. As per a recent report by Messari, this drop aligns with the current trend of users migrating to Layer 2 solutions such as Etherlink, which provides speedy and cost-effective transactions, reinforcing Tezos’ scalability plan.

Interestingly, while the total number of transactions reduced, there was a 37% rise in daily active addresses (DAA) from the previous quarter, averaging 1,800 distinct addresses per day. This rise in unique wallets indicates that despite a decrease in transaction volume, Tezos’ user base is still growing, suggesting an overall growth in adoption.

The fourth quarter of 2024 saw a significant increase in Web3 gaming and NFT activity on Tezos, propelled by Etherlink, an EVM Layer 2 that provides quick transaction finality and low fees. The gaming industry flourished with major integrations such as the launch of BattleRise Founder Pass by Rarible, the first gaming NFT on Etherlink.

Further, Etherlink experienced successful NFT drops like MDCL and Chapter 00, both of which sold out rapidly. Etherlink’s gaming-centric infrastructure allows developers to deploy Ethereum-based smart contracts smoothly on Tezos. With high throughput and cost efficiency, the ecosystem continues to lure new projects. Presently, over 100 projects are under development on Etherlink, cementing its status as a top choice for Web3 gaming, NFT marketplaces, and blockchain-powered digital experiences.

On the DeFi side, the total value locked (TVL) in USD grew by 6% QoQ in Q4 2024, ending at $53 million. However, this growth was primarily due to XTZ’s increasing price, as TVL in XTZ terms actually decreased by 37% compared to the previous quarter. Simultaneously, Etherlink’s TVL soared past $1.5 million, nearly doubling from Q3 levels. This implies that liquidity is moving from Tezos to Etherlink amid the rising adoption of Layer 2 solutions.

The post Tezos Records Increased Revenue Amid Decreased Activity Due to Layer 2 User Migration appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

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With over 100 available payment methods, funding a Skrill account is easy. After purchasing their first cryptocurrency, users can manage their portfolios in real-time. The platform also allows placing conditional orders on cryptocurrency buying. Thus, Skrill automatically buys or sells the chosen asset with the set triggers.

What Cryptocurrencies Are Available?

Crypto buy and sell transactions happen instantly. The platform converts users’ balances in fiat currencies into digital assets. Clients can exchange 40 different currencies to Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Litecoin, Chainlink, Cardano, Stellar Lumens, 0x, Tezos, EOS, and OMG Network, with more crypto to be added in the future. Moreover, users who already hold Bitcoin in their Skrill accounts can also exchange it to Dash, Cosmos, and Kyber. It is worth noting that cryptocurrency support is not yet available to Skrill users in certain countries.

Limits and Fees

Skrill’s FAQs suggest that the minimum amount of crypto purchase is about EUR 10. On the other hand, the maximum amount depends on the user’s transaction limits. After the transaction is completed, it only takes a few seconds to receive crypto in the account. For each cryptocurrency transaction, users pay a relevant fee. Users pay EUR 0.99 for each transaction of up to EUR 19.99 and EUR 1.99 for each transaction between EUR 20 and EUR 99.99. Clients pay 1.5% per transaction if they transact over EUR 100 and 0.5% for each P2P transaction.

Skrill Cards and Rewards

Skrill provides cryptocurrency buying and selling services thanks to its partnership with crypto exchanges. It is a digital payment platform that allows clients to send and receive money instantly anywhere in the world. Moreover, users can pay for products and services online and offline with Skrill Prepaid Mastercard or Skrill Virtual Prepaid Mastercard.

Clients who use their Skrill accounts frequently can also take part in rewards programs from the platform. For instance, they can join the loyalty program Knect to earn points and exchange them for cash rewards, become VIP members or affiliates.

The post Cryptocurrency buy and sell feature is live in the Skrill app appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.