BITCOIN

Ethereum started a fresh decline from the $3,450 resistance against the US Dollar. ETH price must stay above $3,200 to start a new upward move. Ethereum started a fresh decline from the $3,480 and $3,450 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it manages to stay above the $3,200 support zone. Ethereum Price Remains Supported Ethereum failed to gain bullish momentum above the $3,450 resistance zone. ETH formed a high near $3,446 and the price started a fresh decline. There was a move below the $3,350 support zone and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $3,300 on the hourly chart of ETH/USD. Ether price is now trading below $3,300 and the 100 hourly simple moving average. It ev

Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion. BNY Mellon to Become USDC’s Primary Custodian Circle has chosen America’s oldest investment bank to custody the firm’s usd coin (USDC) reserves, according to an announcement published on March 31. While BNY Mellon will become the primary custodian for USDC, Circle expects the partnership to further “facilitate an exchange of expertise on a range of topics across digital and traditional markets.” The announcement on Thursday says the benefits of the newly announced relationship between Circle and BNY Mellon include: Bridging of traditional and digital capital markets, investment management, digital asset custody, cash management for fiat and non-fiat payments, and the exploration of digital cash for purposes

Bitcoin failed to stay above the $46,000 support against the US Dollar. BTC is sliding and might even test the $43,200 support zone. Bitcoin is down over 4% and there was a move below the $46,000 support. The price is trading below $45,500 and the 100 hourly simple moving average. There was a break below a key breakout pattern with support near $46,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline and test the $43,200 support zone in the near term. Bitcoin Price Dips Below Support Bitcoin price started a key decline after it struggled to stay above $46,500 and $46,400. BTC declined below the $46,000 support to move into a short-term bearish zone. There was a clear move below the 50% Fib retracement level of the upward wave from the $44,470 swing low $48,200 high. The bears were able to push the price below the $45,500 support and the 100 hourly simple moving average. Besides, there was a break below a key breakout pattern with s

The International Monetary Fund (IMF) says a lot more work needs to be done on crypto regulation. “We’ve certainly seen an increase in the use of cryptocurrencies before this war, and we’ve seen it happen more in emerging markets than in others,” said the deputy managing director of the IMF. IMF Chief Kristalina Georgieva Pushes for Harmonized Crypto Framework The top two leaders at the International Monetary Fund (IMF) discussed crypto regulation on the Foreign Policy Live podcast, published last week. IMF Managing Director Kristalina Georgieva and Deputy Managing Director Gita Gopinath were asked how governments should respond to the growing number of challenges facing the global economy, including cryptocurrency. Georgieva explained that the IMF separates digital assets into three types: “crypto assets like bitcoin,” stablecoins, and central bank digital currencies (CBDCs). Regarding crypto assets, she said: Time has passed to have regulatory frameworks that are as much as pos

On Tuesday, the fund manager Wisdomtree announced the launch of three crypto asset exchange-traded products (ETPs). The ETPs are associated with the cryptocurrency networks Solana, Cardano, and Polkadot and the new crypto investment products are currently listed on Börse Xetra, SIX, and the Swiss Stock Exchange. Wisdomtree Launches Cardano, Solana, and Polkadot Exchange-Traded Products Wisdomtree has announced the launch of three new digital currency exchange traded products (ETPs) and the products are physically-backed by cryptocurrency. Wisdomtree revealed on Tuesday that the new funds will include Wisdomtree Solana (SOLW), Wisdomtree Cardano (ADAW) and Wisdomtree Polkadot (DOTW). All three of these digital currencies are currently positioned in the top 20 list of the largest crypto market capitalizations today. The fund manager further disclosed that the three crypto ETPs will list on Euronext exchanges in Amsterdam and Paris on March 31. “The ETPs have a total expense ratio (T

Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries has obtained a bitcoin-backed loan to purchase additional BTC . Microstrategy CEO Michael Saylor tweeted Tuesday: Macrostrategy, a subsidiary of Microstrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase bitcoin. Silvergate Bank “has issued a $205 million term loan under its Silvergate Exchange Network (SEN) Leverage program to Macrostrategy LLC,” Microstrategy detailed. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account with a custodian mutually authorized by Silvergate a

Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum formed a base above the $3,120 support zone. ETH started another increase and cleared the $3,250 resistance. There was also a clear move above the $3,350 level and the price settled above the 100 hourly simple moving average. It traded to a new multi-week high at $3,431 and is currently consolidating gains. There was a minor move below the $3,400 level. Ether price declined below the 23.6% Fib retracement level of the recent rise fr

The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house of parliament. Parliament member S. Ramalingam asked the finance minister “whether it is true that some cryptocurrency exchanges were involved in evasion of goods and services tax (GST) and it was also detected that other cryptocurrency exchanges and major investors in digital currencies are under investigation by the government.” In addition, the parliament member asked the finance minister about “the action taken or proposed to be taken by the government against those cryptocurrency exchanges that were detected in GST evasion.” The minister of state in the ministry of finance, Pankaj Chaudhary, repli

Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework. Vietnam Creating Legal Framework for Crypto Vietnamese Deputy Prime Minister Le Minh Khai reportedly notified three ministries last week instructing them to work with the central bank, the State Bank of Vietnam, and other relevant bodies to build a legal framework for cryptocurrencies. The three ministries are Finance, Justice, and Information & Communications. The deputy prime minister has tasked the Ministry of Finance with the prime responsibility of reaching an agreement with other regulatory bodies and the central bank to identify specific pieces of legislation that need to be amended, supplemented, and promulgated as well as recommending a specific time frame for implementation. The legal framework for crypto will be

PRESS RELEASE. At the Dubai Crypto Expo that happened between March 16 and 17, 2022, the NoVa Battles team led by CEO Lucian joyfully received the prestigious title of “Best Crypto Game 2022” in Dubai. The NoVa Battles ecosystem is designed to reward its community members in multiple ways for their time and effort. In addition to incorporating their own NFTs and Crypto Token, more blockchain technology is planned for the NoVa Battle system such as digital real estate, subdivisions of the game ecosystem, and Metaverse, complete player customization of virtual assets, which will create a truly unique and decentralized virtual environment. All of these factors and even more were responsible for its victory at Crypto Expo Dubai 2022 as a prize winner in the category of “The Best Crypto Game” . Keep reading to learn more about NoVa Battles and how it won the best crypto game at the Expo. What is NoVa Battles? Nova Battles is a mobile multiplayer online arena game powered by Ethereum

PRESS RELEASE. Finally, Rigel Protocol is ready to join the NFTs Buzz with its first NFTs Collections for each unique DApp on the platform ( SmartSwap , GiftDApp and LaunchPad ). NFTs would be available for purchase at the Rigel Protocol NFT Marketplace or will be claimable on Rigel Protocol DApps after NFTs Sales are completed. All you need to know about Our NFTs Collections The Rigel Protocol Collections will be unlike most NFTs we see ongoing in the Defi ecosystem. As NFTs are not going to be just minted and worthless images put out there for you to hold, whilst just keeping them shining in your wallets. The Rigel Protocol NFTs are going to be backed by Proof of work with massive use cases built around them, thus giving them notable value. The NFT Launch will start off with the main NFTs versions on the SmartSwap , GiftDApp and LaunchPad applications on both Binance Smart Chain and the Polygon Networks as preferred by our active community. SmartSwap NFT Collection First N

Israel’s second-largest bank, Leumi, is launching a cryptocurrency trading service to allow customers of its digital investment platform to trade cryptocurrencies. “The service will allow Pepper Invest customers to buy, hold, and sell cryptocurrencies.” Major Israeli Bank Launching Crypto Trading Service Pepper Invest, the digital investment platform of Pepper by Leumi (TASE: LUMI), announced Friday the upcoming launch of its cryptocurrency trading service. “Pepper will be the first banking platform in Israel … to allow its customers to trade cryptocurrencies, in an attractive pricing model,” the announcement details, adding that the service will also become accessible to other Bank Leumi customers in the near future. The new service is a collaboration between Leumi Group and Paxos, a regulated U.S. blockchain infrastructure platform. The announcement adds that upon completion of the regulatory approvals required: The service will allow Pepper Invest customers to buy, hold and s

U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury Secretary Yellen Sees Benefits of Crypto U.S. Treasury Secretary Janet Yellen talked about cryptocurrency in an interview with CNBC Friday. She was asked about cryptocurrency given that Russia has said it is considering accepting bitcoin as payment for energy resources. Yellen replied: Crypto has obviously grown by leaps and bounds and it’s now playing a significant role, not really so much in transactions, but in investment decisions of lots of Americans. She proceeded to explain that President Joe Biden’s executive order tasks the treasury department and other federal agencies with “thinking about the regulation of crypto.” When asked a

The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform.” Changes Affecting Coinbase Customers in Canada, Japan, Singapore The Nasdaq-listed cryptocurrency exchange Coinbase announced this week: Starting on April 1, 2022, Coinbase will introduce a few changes for customers in Canada, Singapore, and Japan to comply with local regulations in those countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform,” the exchange detailed. “This change will not affect a user’s Coinbase experience of buying and selling digital assets using Coinbase.” Coinbase detailed that customers located in the aforementioned three coun

Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session. Bitcoin BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs. On Saturday, BTC /USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49. Following four consecutive days of gains, today’s consolidation sees bulls identifying the current area of uncertainty, and wondering whether to sustain pressure or secure earlier gains. BTC has not truly traded above the current resistance level since December 29, when prices were falling from a then high of $52,198. Looking at the chart, the 14-day RSI indicator has marginally moved beyond its own resistance of 62.10, which is a slight positive for bulls. However, the p

PRESS RELEASE. Singapore, Singapore / Mar 26, 2022 / — APENFT Marketplace aims to lower the entry barrier for users through a new NFT market and build new forces in the TRON community by issuing exclusive Genesis NFT badges live on March 31. As an essential art foundation in the TRON ecosystem, APENFT’s goal is to achieve cross-field collection worldwide and provide a bridge for top traditional artists to make inroads into the NFT market. It’s backed by the TRON network’s underlying technology with support from the world’s most extensive distributed storage system, BitTorrent File System (BTFS) , to provide secure, reliable, efficient, and decentralized services to NFT art lovers across the globe. Like how blockchain democratizes finance, APENFT turns prominent art pieces into NFTs. It upgrades the way artworks are hosted and transforms them from elite-exclusive items to something that truly belongs to the people. APENFT believes in art for everyone. The Genesis NFT badge is an e

Exxon Mobil Corporation is reportedly participating in a pilot program that leverages excess natural gas to power crypto mining machines, according to a recent report quoting people familiar with the matter. The report states that the oil giant is partnered with the firm Crusoe Energy Systems, and the pilot is purportedly taking place in North Dakota at the Bakken shale basin. Unnamed Sources Say Exxon Is Piloting a Bitcoin Mining Operation in North Dakota Using Flare Gas On March 24, Bloomberg author Naureen S Malik reported that the largest American oil and gas corporation Exxon Mobil (NYSE: XOM ) is participating in piloting a bitcoin mining project with excess gas. Malik wrote that “people familiar with the matter” told Bloomberg that they could not be named because the information is not public. However, the people who asked to not be named said that currently, Exxon Mobil is working with Crusoe Energy Solutions in the state of North Dakota. Crusoe Energy is a firm that prov

PRESS RELEASE. MetaGods , the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, introduced an upcoming in-game land sale with a group of amazing backers involved, including world-famous Youtuber MrBeast. MetaGods is a game based on Greek mythology where players fight against gods as they ascend through the virtual world. Gameplay requires players to acquire unique characters through NFTs to increase their chances of winning battles and earning rewards. MetaGods players can also team up and fight epic bosses on their path to becoming gods. The blockchain-based role-playing game (RPG) uses two tokens – $MGOD and $RELIC – powering the entire MetaGods ecosystem. Players use $MGOD as the platform’s governance token, and also to participate in special in-game events. On the other hand, $RELIC is a token players earn through gameplay, usable for purchases in the MetaGods marketplace. Lands in the MetaGods Game Players can use either $MGOD or $ BNB to acq

Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges. Meta’s Trademark Filings Cover a Range of Crypto Services and the Metaverse Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo covering a range of crypto-related products and services. A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320147, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading. Kondoudis described Meta’s applications as a blueprint for how the company intends to engage

Bitcoin started a fresh increase above the $42,500 resistance against the US Dollar. BTC may soon attempt an upside break above the $43,500 resistance zone. Bitcoin remained supported near $42,000 and started a fresh increase. The price is trading above $42,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $42,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher if there is a clear move above the $43,300 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price found support near the $42,000 zone after a downside correction. BTC formed a base and started a fresh increase above the $42,500 resistance zone. There was a clear move above the $42,800 level and the price settled above the 100 hourly simple moving average. The price even spike above the $43,000 level and formed a high near $43,288. It is now consolidating near the $43,000 level. There was a move below the 2

As Ethereum saw a 16% increase from a rally that took the coin to $3,000 on Monday, someone might have spotted an unusual link between Ether’s highs and times where the Ethereum Founder’s name, Vitalik Buterin, was trending on Google Searches worldwide. Ethereum And Google Trends “The last time Vitalik surged on Google Trends, $ETH pumped 2x from April-May,” a Twitter user noted while showing a recent surge of the founder’s name: The blue line represents searches of ‘Vitalik Buterin’ on Google and the red line represents ‘Vitalik’ To see if this could actually be taken into account as a possible indicator, we compared different moments in time in which Vitalik Buterin has surged on Google Trends and the price action that followed. In the following chart we can see the most relevant moments during 2022: And tracing back to 2021, we can further see this price action (yellow arrows still point at moments in which ‘Vitalik Buterin’ surged on Google Trends): Yellow arrows point at momen

Billionaire Carl Icahn, the founder of Icahn Enterprises, has predicted that the U.S. economy could be heading into “a recession or even worse.” The famous investor warned of “a lot of trouble ahead” and “a rough landing.” Billionaire Carl Icahn Predicts a Recession in the US Famous investor and billionaire Carl Icahn said Tuesday in an interview with CNBC that a recession or something worse could be on the horizon for the U.S. economy. Icahn is the founder of Icahn Enterprises, a public company and diversified conglomerate holding company based in New York City. His current net worth is approximately $17 billion. Noting that surging inflation is a major threat to the economy, he said: I think there very well could be a recession or even worse. He explained that based on his experience sitting on the boards of a lot of companies, “when you get to understand what these boards do, the system is needing fixing.” He also noted that at this point, “we have supply chain problems” bec

The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions. Fed Chair Powell Sees the Need for New Crypto Regulation Federal Reserve Chairman Jerome Powell talked about the need to establish new regulation for cryptocurrency Wednesday during a panel discussion on digital currencies organized by the Bank for International Settlements (BIS). Noting that new forms of digital money, including cryptocurrencies and stablecoins, will require new rules to protect consumers, the Fed chairman said: Our existing regulatory frameworks were not built with a digital world in mind … Stablecoins, central bank digital currencies, and digital finance more generally, will require changes to existing laws and regulation or even entirely new rules and frameworks. Powell reiterated his stance that crypto ought to follow the “same activity, same regulation” pr

The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CEO on Cryptocurrency and Regulation DBS Bank Group CEO Piyush Gupta talked about cryptocurrency and its regulation at the recent Economic Times Global Business Summit. DBS is Southeast Asia’s largest bank by assets. The Economic Times quoted Gupta as saying: I don’t think that cryptocurrencies will become money as we know it, but it can be an alternative to gold and its value. “The other big challenge [of cryptocurrencies] is volatility in value. If you want to use this to pay for something, you don’t know what it’s costing you,” he elaborated. “Today cryptos are a potential source of speculated value, it’s unlikely that this is a source of money as we know it.” The executive said that central banks across the world should consider bringing cryptocurrency into the regulated space. H

Bitcoin started a steady increase above the $42,000 resistance against the US Dollar. BTC tested the $43,400 zone and recently corrected lower. Bitcoin started a downside correction after a test of $43,400. The price is trading above $42,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $41,500 support zone to remain in a positive zone. Bitcoin Price Remains In Uptrend Bitcoin price started a steady increase after it cleared the $42,000 resistance zone. BTC gained pace for a move above the $42,500 level and settled above the 100 hourly simple moving average. The upward move was such that the price even broke the $43,200 resistance. It traded as high as $43,402 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the recent increase from the $40,510 swing low to $43,402 high. However

The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank for International Settlements (BIS) Innovation Summit that cryptocurrencies are “certainly” being used by Russian firms and individuals to bypass sanctions. A growing number of countries have levied heavy sanctions against Russian entities after Russia began its invasion of Ukraine . Expressing concerns over crypto’s continued use, the ECB chief said: They are certainly being used as a way to try to circumvent the sanctions that have been decided by many countries around the world against Russia. “A specific number of players, either individuals or corporates, are obviously trying to convert their rubles into cry

The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We have issued an enforcement notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they understand and are complying with the rules so that consumers are treated fairly. “The enforcement notice provides guidance to the crypto industry on how to stick to the rules and warns that we will monitor for compliance and implement sanctions if we do not see improvements,” the ASA added. “The notice applies to ads for cryptocurrencies, crypto exchanges and ads or promotions which otherwise involve the transfer, sale or supply of cryptocurr