- BTC is still hovering in the same range, but getting closer to USD 22,500. Meanwhile, trading volume and market activity are still lower compared to last week. The testimony of the chairman of the US central bank (Fed) Jarome Powell in Congress today could also move markets, as investors try to decipher possible signals about future interest rate hikes.
- Today, the market is also watching a court hearing in the US where the manager of the largest BTC fund, Grayscale, is fighting the Securities and Exchange Commission (SEC) for a permission to turn GBTC product into an exchange-traded fund (ETF). Grayscale's victory in this case could lead to the creation of more Bitcoin ETFs in the United States, which are expected to significantly increase American investments in BTC.
- However, Grayscale itself is facing a new lawsuit from the failed exchange FTX regarding "excessive servicing fees."
- Meanwhile, the SEC is going after the creators of a USD 100 million crypto Ponzi scheme BKCoin.
- NFT giant Yuga Labs announced the final results of its TwelveFold NFT auction yesterday, with a total of 288 winners earning BTC 735.7 (USD 16.5 million). The minimum price paid for one NFT was BTC 2.25, while the highest was BTC 7.11 (USD 160,000). The collection contains a total of 300 NFTs, but 12 of them were reserved for other purposes, such as philanthropy. With this auction, Yuga Labs has also faced harsh criticism that such an auction model sets a bad precedent, as scammers could start using it - participants have to send their bids, and in case of losing, BTC is returned.
- Europe-based BCB Group, which supports payments between crypto companies and banks, is accelerating its plans to launch USD payments.
- Meanwhile, the crypto exchange Kraken plans to open its own bank "very soon."
- Coinbase is defending itself in court, too. The exchange argues that it is not responsible for its client's USD 96,000 losses when he was robbed and the criminals gained access to his Coinbase login information.
- The Bank for International Settlements, which represents central banks, says it has tested a central bank digital currency (CBDC) model for retail consumers with the central banks of Israel, Norway, and Sweden. It says this helps central banks create a token that can be used for international settlements.
- According to Coingecko data, investments shifted from centralized projects (down 73%) to DeFi (+190%) last year.
- In Pennsylvania, USA, TeraWulf's Nautilus Bitcoin mining facility that uses nuclear energy has been officially launched.
- El Salvador President Nayib Bukele stated that making Bitcoin a legal tender in the country has increased tourism by 95%. The remark was made in a recent interview on Turcker Carlson Today.
- Lightning Development Kit (LDK) released its v0.0.114.
- Peach Bitcoin opened its beta version to more users.
- Bitcoin Film Fest will take place on March 24 to March 26, 2023, in Warsaw, Poland.
Collected with the help of DESSENTER.