Crypto market

 

BTC - $23868 -2.1%. The price of bitcoin has dropped overnight from $24,465 and continues to fall. The forecast for a 0.5% increase in the base rate in the US is 24%.

 

Alt charts in the red zone. Trading volume $55.9 billion. Fear and greed index is neutral (53).

 

▪️Growth leaders among altcoins are OP, SNX, OKT.

 

▪️The leaders of the fall are NEO, XTZ, ENJ.

 

▪️BTC dominance is 43.89%.

 

▪️Alt season index 41.

 

3 countries at once tighten the regulatory nuts in the crypto-sphere.

 

Israel will ban algorithmic stablecoins, force issuers to obtain licenses, and hold 1:1 reserves.

 

Taiwan will introduce the Cryptocurrency Law and Digital Currency Industry Development Plan by May 16.

 

Canada is forcing all crypto companies to pre-register in March.

 

Valuable artifacts from the Titanic will be turned into NFTs.

 

Artifact Labs will release a collection of 5500 NFTs using its own blockchain system.

 

Digital copies of artifacts can be used in games and other WEB3 projects.

 

Possession of them will also open access to invitations to VIP events, exhibitions, and seminars.

 

Solana Spaces closes stores in New York and Miami.

 

500-1000 people were served in these stores per week. How much does the DRiP NFT platform serve daily.

 

Therefore, the company decided to focus on the development of the digital space.

 

Shops have been open for the last week. Some merch is available for free.

 

Ankr added 50% in 2 hours on news of a partnership with Microsoft.

 

Thanks to the innovation, Web3 project developers will be able to use Ankr blockchain technologies and Microsoft cloud solutions.

 

The service will allow you to conduct transactions, deploy smart contracts, and record blockchain data.

 

This will greatly save the time and effort of the creators of crypto projects.

 

News from China had a positive impact on the growth of the BTC price.

 

If you look at the forecasts for the Fed rate hike in March, the likelihood of drastic measures has already risen to 21%. This is bad for crypto.

 

However, BTC is not getting cheaper. Crypto has no jurisdiction, and it is affected by any negative and positive news on a global scale.

 

So thanks to China for the current support of the crypto market.

 

Hong Kong will ease the regulation of crypto assets.

 

Hong Kongers forced to trade on FTX due to the trading ban have lost a lot of money.

 

Therefore, not only cryptans, but even many politicians have criticized the actions of regulators.

 

From June 1, 2023, the authorities may relax the rules and allow retail investors to trade on licensed platforms.

 

The US, the IMF and the G20 will develop a unified regulation of stablecoins.

 

▪️The United States will be represented by the Financial Stability Board (FSB), which will offer its developments to the IMF and the G20 countries.

 

▪️The agency has already submitted a plan to eliminate cross-border risks and create a unified regulatory framework for crypto regulation.

 

Yuga Labs stole the logo for their NFT collection from a children's art book.

 

Blame a freelancer hired to draw the logo for the Bored Ape Kennel Club.

 

He just copied the wolf skull from the Easy Drawing Tutorial website, which teaches people with no experience how to draw step by step.

 

Now Yuga Labs will remove the logo from everywhere it can, and it's also likely to pay a hefty compensation.

 

5 years in prison for laundering $300 million.

 

This is how much the accomplice of the Crypto-Queen received, on whose account the fraud of investors for $ 4 billion.

 

Gilbert Armenta, 59, was involved in the OneCoin scam.

 

He was arrested in 2018. The litigation lasted 5 years, he will spend the same amount in prison.

 

OpenSea introduces 0 transaction fees and a mandatory author's fee.

 

The developers have tweeted that the previous policy has alienated many traders and they are looking for ways to fix it.

 

They introduce a temporary 0 commission and a 0.5% royalty for all NFT collections, in the contracts of which the fee is not specified initially.

 

Considering that the average royalty for the site was 5-10%, the innovation looks good.