US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation
The US Treasury Secretary Janet Yellen joined CNBC’s Squawk Box and acknowledged Bitcoin’s exponential growth as an investment tool.
Janet Yellen stated that innovation in the payment system can be beneficial and the upcoming US regulations as advisory rules would ensure the healthy growth of crypto.
24 hours after Fair Launch on ONUS: BBC grew by 160.26%, ATH was 4 times higher than the launching price
Only 1 day after being listed through Fair Launch, Bitback Token (BBC) has witnessed rapid growth, attracting significant interest from trader community.
Specifically, BBC was first distributed at 11:00 March 27th on ONUS with a launching price of 170 VNDC. Only 45 minutes after listing, BBC price has increased by 4 times the launching price, hitting an All-time High of 647 VNDC.
Nearly 50% of Germans are ready to invest in crypto
Almost half of the German population is motivated to invest in cryptocurrency, as revealed by digital asset exchange KuCoin’s ‘Into the Cryptoverse 2022’ report.
According to the report, 44% of Germans are somewhat motivated to “invest in cryptocurrencies to be a part of the future of finance.” 35% of them would do it for the opportunities of earning passive income and 30% consider crypto to be a reliable store of value.
Highlights of the week
$EGLD announces partnership with MEXC Global
$AVAX announces launching new ‘Core’ wallet
$FTT launches crypto exchange services in Australia
Fashion takes center-stage in the Metaverse at $MANA‘s Metaverse Fashion Week
PUBG publisher Krafton partners with $SOL
$LUNA raised $2.2 billion for Terra stablecoin UST’s BTC reserves
ALTAVA Group partners with $SAND to launch exclusive NFT collection
SHIB loses almost 55,000 holders in 10 days
In the past ten days, SHIB has gone from having 1,198,789 meme token holders on March 15 to just 1,144,118 as of March 25, a decrease of 54,671, according to CoinMarketCap data.
Earlier in March, Finbold had revealed that the amount of on-chain transactions involving the SHIBA INU token had declined for the fourth month in a row. During the period January to February 2022, this figure had decreased from 283,268 to 257,003, a decrease of 9.27%.
Top 10 Ethereum wallets now hold 23.7% of total ETH supply
Santiment on-chain data aggregator shows that since last year, the ten largest Ethereum wallets have increased their ETH balance, raising it to a total 23.7% of the second-biggest cryptocurrency that is circulating out there at the moment.
According to Glassnode, whales have recently removed a staggering $1.4 billion worth of Ethereum from multiple crypto exchanges, compared to $739.7 million of ETH inflows.
Luna Foundation’s Bitcoin reserve wallet now holds $1.1 billion in BTC
From March 22 to now, Luna Foundation Guard (LFG) continuously makes BTC purchases with regularity every day, with a value of each purchase of about 3,000 BTC, to form the escrow reserve fund for the stablecoin UST of the Terra ecosystem (LUNA).
This means that LFG has added up to 15,000 BTC in the last 5 days. As of the morning of March 27, LFG is holding up to 24,954 BTC, equivalent to 1.1 billion USD.
Israel’s largest bank enables crypto trading to its customers
Pepper Invest, the digital platform of Israel’s biggest bank, Leumi announced the news on March 24, following a partnership with U.S. blockchain startup Paxos. For the time being, only Bitcoin and Ethereum will be available to Pepper Invest clients to buy, hold, and sell.
Pepper will collect tax according to the guidelines of the Israeli Tax Authority so that customers will not need to manage tax complexities. Additionally, the service would remove the hazards associated with downloading a digital cryptocurrency wallet.
Zil rises 75.58% after 24h
ZIL, the utility token belonging to the Zilliqa network, has increased by 75.58% with an explosive transaction volume of 391.57 million USD, an impressive number compared to the previous 10 days’ average of around 45 million USD.
With these achievements, ZIL has officially reached the milestone of 93.05% increase after only 1 week and 122.26% increase after 1 month.
The number of Bitcoin addresses holding from 1,000 to 10,000 BTC increases again
The number of Bitcoin addresses holding between 1,000 to 10,000 BTC has increased by 8.3% since the Russia-Ukraine war officially broke out. Currently, there are 2,203 Bitcoin addresses holding between 1,000 to 10,000 BTC, hitting a 1-year high.