This compilation, which is sometimes difficult to make, presents 5 articles that are considered the most significant from the past week. This is to keep abreast of innovations and important advances in the field. At the end of this compilation, a full technical analysis of the price of bitcoin and other iconic cryptocurrencies is presented, taking into account the news of the week.
A good way to keep an eye on the cryptocurrency ecosystem while enjoying your weekends.
Good reading…
Banking crisis – “Bitcoin was made for this moment”
The banking crisis hitting the United States could quickly turn into a global problem, already having major repercussions for the stocks of major banks such as BNP Paribas and Société Générale. But also the intervention of the Federal Reserve System (Fed), which should calm in the context of accelerating deterioration. A situation regularly compared to the 2008 financial crisis. That’s why investor and author Tatiana Koffman asks herself a simple question: Wouldn’t Bitcoin be a solution designed specifically for this historic moment?
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Meta – opting out of NFTs on Instagram and Facebook
The evolution of the cryptocurrency industry is sometimes difficult to keep track of. First, because innovations continue to follow each other at breakneck speed. But also because their acceptance very often fluctuates depending on the direction of the wind…and the orientation of the market. And the last weather vane is nothing short of a giant meta regarding the integration of non-fungible tokens (NFTs). Because the head of trading and financial technology, Stefan Kasriel, just announced the unexpected conclusion of this experience.
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Last step for Ethereum before withdrawing staked ETH
The long-awaited hard fork of Ethereum, allowing validators to withdraw their ETH from the Beacon chain, has been successfully completed on the Goerli testnet. The Shanghai update is expected next month.
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Circle partners with Cross River Bank
The initiator of the fighting was the bankruptcy of Silvergate Bank, which voluntarily lowered its flag on March 8, but which Circle was not subjected to. This was followed by the Silicon Valley Bank (SVB) ruling by the FDIC on March 10. Then, on March 12, regulators shut down Signature Bank, both of which also serve crypto companies, including the issuer of USDC. But Circle was quickly able to find a new bank to manage its auto-settled stablecoin through Cross River Bank.
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EU – European Parliament wants to regulate smart contracts
Today, regulation of the cryptocurrency industry is a major concern for many governments. With a surge of initiatives, often aggressive, since the beginning of this year. And solutions that are often incompatible with the mode of operation or the aspirations of this ecosystem based on self-government and freedom. But ironically, the European Union persists and reaffirms its desire to harm this digital economy. Last suggestion: impose on smart contract developers the ability to terminate transactions…
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Bitcoin is a week full of emotions!
This week has been an emotional one for Bitcoin and the entire cryptocurrency industry. As the banking market in the United States is experiencing bankruptcies and record losses, and crypto banks are very clearly on the radar of regulators. But at the same time, BTC, which is rising again, closed above $24,700 yesterday. The opportunity to focus in this analysis on the situation of the main cryptocurrency in the sector, as well as Ethereum and BNB.
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