- As stocks markets fell and Wall Street speculated on the future of banks, with forced selling in the derivatives market increasing, BTC price returned to price levels seen in January. Over the month, prices have fallen by 15% and 17%, respectively. Meanwhile, over the past day or two, over $300 million worth of trading positions have been liquidated in USD.
- The US Treasury Department has proposed a 30% excise tax on electricity used for "mining" digital assets. If approved, the tax would be implemented in stages over three years, starting from 2024, and at a rate of 10%. It is commented that this would essentially mean the end of BTC "mining" in the US, but at the same time, there are doubts that such a tax will be implemented at all.
- The vice chairman of the Federal Reserve Board (Fed), Michael Barr, said that the bank is assembling a team of experts to help oversee the Bitcoin and crypto industry and make sense of these innovations.
- John Toro, the trading manager of the cryptocurrency exchange Independent Reserve, comments that this sell-off was caused precisely by the downturn in stock markets.
- At the same time, the drop in prices was also reduced by the decreased trading volume in the market due to the problems of Silvergate bank, which created conditions for stronger price fluctuations.
- Kaiko analysts are considering that current unfavorable regulatory moves in the US for BTC and the crypto market, along with difficulties with local banks, may encourage more trading in Europe, where there is more regulatory clarity.
- Reports indicate that Crypto.com, one of the largest crypto platforms, is also forced to seek new banking partners to help clients transfer/withdraw funds to/from the platform.
- In the world of ordinals aka NFTs on Bitcoin, some users have started experimenting with a new type of fungible token called BRC-20.
- The interbank payment and information transfer system Swift is also developing a central bank digital currency (CBDC) system to help with international settlements.
- BitBox Wallet has released version v4.36.0 of its companion app which features Pocket Bitcoin integration, design improvements, and more.
- Bitcoin Core has released libsecp256k1 v.0.3.0.
- Bitcoin games developer THNDR Games has published a new game called Bitcoin Blocks. It allows players to win BTC by testing their problem-solving skills.
- The Venezuelan government has exempted Bitcoin and crypto transactions from the large financial transactions tax (IGTF).
- Mark Zuckerberg-led Meta is exploring possibilities of creating a decentralized social network called P92. It would be linked with Instagram and allow sharing of "text updates". However, what this actually means is not very clear at this time. Also, it is currently unclear at what stage this project is.
- Arthur Hayes, co-founder of BitMEX, has proposed NakaDollar (NUSD), a new stablecoin backed by bitcoin and BTC derivatives.
- Samourai Wallet developers have released RoninDojo v.1.15.1.
- Bitcoin Beach Wallet has become the first sponsor of Bitcoin for Beginners course byAfrican Bitcoiners. The next 100 students will each earn 10,000 sats for completing the course.
- Hedera Hasgraph (HBAR) network acknowledged that yesterday it experienced technical difficulties due to a hack.
- New York's attorney general has accused one of the larger crypto exchanges, KuCoin, of operating illegally in the state and claims in the lawsuit that ethereum (ETH) is a security.
Prepared with dessenter.ghost.io.