Institutional demand for Bitcoin continues to grow. Goldman Sachs investors are clamoring for more bitcoins and Ark says the cryptocurrency will occupy 20% of investment portfolios. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Cathi Wood, CEO of Ark Invest, said during a interview on CNBC that Bitcoin (BTC) It is becoming an asset with more presence among investors, and soon the cryptocurrency will occupy 20% of everyone's portfolios and investment portfolios.
📍The token TFUEL of Theta, reached a new all-time high on March 11, $0,30 USD, showing a growth of more than 59% in the last few hours. Also, so far this year, the TFUEL token has grown by 880%, starting January with a value of $0,034 USD and trading at $0,29 USD per unit to date. Much of TFUEL's revaluation is due to the importance that this token is taking within the complex Theta ecosystem.
Bitcoin and Blockchain Adoption
📍The Israeli investment firm Altshuler Shaham Investment House revealed a $100 million investment in Bitcoin through Grayscale Bitcoin Trust (GBTC) at the end of last year. According to informs According to a local media outlet, the firm invested in BTC when the price of the cryptocurrency was around $21.000 USD, and to date, it has grown by more than 70%, with the price of BTC trading near the $56.900 USD At the time of writing, Altshuler Shaham Investment House is the first Israeli institutional organization to acquire such a large stake in a firm that offers Bitcoin exposure to its clients, the outlet notes.
📍The COO of Goldman Sachs, John Waldron, he assured during a interview Reuters reported that the company is experiencing growing demand for bitcoins from its clients. According to its statements, Goldman Sachs is evaluating how to continue participating in the crypto industry, to meet the demand of its clients, without violating the regulations established in this area.
NFT and DeFi Markets
📍Jack Dorsey, CEO of Twitter and Square, said that the funds raised from the sale of his first NFT will be donated to charity for the benefit of Africa through GiveDirectly. Dorsey is talking about the $2,5 million, so far, that Sina Estavi offered for his NFT.
The auction ends on March 21, and the funds will be converted into Bitcoin to be delivered to GiveDirectly. The highest bidder at the moment, Estavi, said that if the offer for Dorsey's NFT increases, he is willing to increase the amount to benefit this noble cause.
Development and Technology
📍On Reddit, the COMIT Network working group announced the launch of a test network called Stagenet, which offers interoperability between Bitcoin and Monero through atomic exchanges or Atomic SwapThis network allows users to exchange the native tokens of these blockchains, namely BTC and XMR, quickly, securely and completely anonymously.
Although the testnet still has many limitations, developers are working hard on it to usher in a true era of anonymous decentralized exchanges, where users can exchange their cryptocurrencies without third-party intervention and without counterparty risks. Privacy is the central and starting point of the Monero community.
📍Dogecoin (DOGE) now has its own decentralized peer-to-peer (P2P) exchange called DogeDEXThrough this decentralized exchange, developed and powered by Shiba, DOGE users and holders will be able to exchange their tokens directly, without the intervention of trusted third parties.
Cybersecurity
📍Twitter, one of the most popular social media platforms in the world, has reportedly suspended several official accounts of important personalities related to the world of cryptocurrencies, marking them as spam by mistake. According to the statement issued by the network at the time of the suspension, the actions were taken because these accounts violate Twitter's rules, although it did not give further explanations at the time.
Among the accounts that were temporarily affected are: @thecryptodog, @woonomic, @KoroushAK and @100trillionusd de PLANBE, and even Willi Wo's account were suspended. At the time of this writing, the platform had reinstated all accounts and their owners have access again.
📍On the other hand, BlockFi was the victim of a spam attack in which it received email messages with racist and offensive language from about 1.000 email addresses. BlockFi CEO and co-founder Zac Prince had reported that the company's platform was experiencing problems with new user registrations; although in a interview With Forbes, it was revealed that it was a spam attack in which a malicious user filled the first and last name fields on the registration page with offensive and racist words.
Regulations
📍IAMAI, the Internet and Mobile Association of India pide The country's government should not prohibit the use of cryptocurrencies and digital assets, but rather implement robust regulations that allow it to take advantage of the advantages and benefits that this new class of assets brings with it for development and innovation.
📍South Korea's Financial Services Commission (FSC) is drafting a new penalty standard applicable to cryptocurrencies. exchanges and cryptocurrency and digital asset service providers. As explained by the release According to the regulator, the proposed regulation seeks to minimize violations committed by these services, in relation to illegal activities such as money laundering and non-compliance with KYC (Know Your Customer) regulations.
The entity also reports that financial institutions and VASPs with cryptocurrency services will be subject to sanctions if they are found to be in breach of the law and established internal control duties. The entity cites as an example the failure to report suspicious transaction activities and failure to comply with the duties of maintaining relevant data on this type of transactions. In addition, it cites that VASPs must maintain separate management of clients' transaction records, among other things. The review of this proposal will take place from March 11 to April 20; and after its official announcement, it will come into effect.
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