Crypto market

 

BTC - $23651 -3.83%. Bitcoin, like the rest of the crypto, sank in the morning trading in the Asian market, as the growth of the Producer Price Index in the US to 0.7% (against the forecast of 0.4% and the previous -0.2%) demonstrates increased inflation. Along with the crypto, the stock market also sank.

Alts in the red zone. Trading volume added $4.7 billion ($80.7 billion). The fear and greed index shows greed (61).

Growth leaders among altcoins are FIL, ASTR, FLOKI.

Fall leaders are APT, XRD, FXS.

BTC dominance is 44.02%.

Altseason index 41.

 

Bitcoin mining is legal in the state of Mississippi.

 

The bill protects the rights of private miners and companies from opposition at the local level:

Complaints about noise from home mining during the daytime.

Requirements to move mining facilities to another territory at the discretion of local communities.

Setting high electricity prices.

 

Paxos rival Circle is to blame for BUSD stablecoin ban.

 

In 2022, the New York State Department of Financial Services (NYDFS) received a complaint.

In it, Circle pointed to the lack of BUSD backing and mismanagement of the reserves.

The NYDFS launched an investigation into Paxos in February, which led to a ban on issuing BUSD.

 

The consumer price index in the US for the year added more than predicted by 0.2%.

 

The figure is 6.4%, not 6.2%. This is bad for crypto. The cue ball has already gone down.

Given this, in March, an increase in the interest rate on loans in the US is possible with a probability of:

87.8% - by 0.25%.

12.2% - by 0.5%.

 

Floki token has risen in price by 40% after Elon Musk's tweet.

 

The CEO of Twitter dressed up his dog, Floki, in a T-shirt that says Gender in English.

This was enough for memcoins to rise in price. The Floki token, named after Musk's dog, added the most.

DOGE, SHIB and BABYDOGE also rose in price.

 

Blockchain-based SIM cards will be released in China.

 

BSIM will operate on the basis of the Conflux network. Thanks to the built-in keys, they will allow you to store and transfer crypto, as well as log in to blockchain applications.

The project is being implemented jointly with China Telecom, which has 390 million users. First, the cards will be issued in Hong Kong, then in Shanghai and other regions of China.
 

The price of bitcoin is manipulated by major market players.

 

February 16 was the biggest green day for bitcoin in the last 6 months.

However, many indicators say that in March the rate will be increased by 0.5%. Why is the price of bitcoin rising?

The data indicate that exchange activity is supported by a certain fund, which since February 10 has transferred more than $1.5 billion from the Circle payment system to exchanges.
 

The beta version of Shibarium by Shiba Inu is ready.

 

The main developer tweeted that the Shibarium blockchain is ready to launch. However, for objective reasons, there is no access to it yet.

But he undertakes to publish messages that will allow you to get to know their new brainchild.

Shibarium is an analogue of Polygon, a layer 2 network that allows you to speed up and reduce the cost of transactions on the Ethereum blockchain.

 

The Bank of Japan will launch a CBDC in April.

 

The pilot test of the digital yen is the result of 2 years of research and experimentation conducted by the regulator.

Now it's up to private and public financial institutions that will have access to CBDC.

They must actively engage their customers in digital settlements in a test environment.