Crypto News Weekly Digest 31.03.2023

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2023-03-31

 

 

Crypto market

 

BTC - $28021 -1.98%. Bitcoin tested support levels at night, but did not go below $27,700. Now trading with high volatility, the bulls are trying to push the coin back to $28,500.

Alts mostly fall. The investor sentiment index shows greed (63).

Growth leaders among altcoins are HBAR, XLM, HEX.

Fall leaders are FLR, FXS, RNDR.

BTC dominance is 47.39%.

Altseason index 24.
 

TOP-3 current news of cryptocurrency exchanges

 

OKX will open a new office in a country where there are many, many wild kangaroos. Because Australia has high retail demand for crypto.

Gemini will offer perpetual futures trading to international clients. While Binance is running around, the Winklevoss twins have decided to reshape the market.

Hong Kong licences 8 exchanges, including OKX, by the end of the year. This was discussed at the Wow summit in Hong Kong.

 

Irish farmer mines cue ball with cow dung

 

The Tom Campbell Dairy Farm is famous throughout the area. After all, the cows themselves produce energy for its maintenance.

The Irishman built a processing complex, in the depths of which methane is produced from manure, and from it, in turn, electricity.

In total, the farm produces up to 700 kW. The surplus goes to bitcoin mining. Videos on YouTube.

 

The US government is the largest owner of bitcoin

 

He has 205,000 BTC at his disposal, valued at $5.5 billion. This is almost 1% of the entire bitcoin supply. And if we take into account those not yet mined and forever lost, then 1.42%.

The cue ball was obtained by confiscating the Bitfinex exchange from hackers, darknet marketplaces and other dirty sources (Silk Road, Blockbuster).
 

Hong Kong is the official outpost of China in the crypto sphere

 

Chinese businessmen are flocking to the island en masse to enter into crypto contracts.

Even the oldest bank in the country, Bank of China, Bank of Communications (fifth in terms of assets) and SPDB are actively interested in crypto services.

The Chinese authorities look at this disgrace through their fingers. What happened, is the crypto climate really getting warmer?!
 

The US banking system is bursting at the seams

 

Small banks siphoned off almost $700 billion in loans from the Fed.

Potential 4 bankrupt bank First Republic is being rescued by the whole country.

The leadership of the insurance companies Charles Schwab and Capital One is in a state of shock.

In the event of massive defaults, they will have to pay the wildest amounts. The whole truth about the situation in the states

 

Nasdaq stock exchange to launch crypto asset storage service at the end of July

 

By the end of the first half of the year, the exchange expects to collect all permissions and create a platform for the provision of this service.

Initially, institutional investors (all kinds of funds, family offices) will be offered to hold cue ball and ether. Then other alts will be added.

The news indirectly concerns simple cryptans, but it demonstrates glimpses of consciousness in the ranks of companies working with large investors.