Digital Assets Report 62
- Lugano makes Bitcoin & Tether Legal Tender
- Bitcoin faces volatility as price drops below $40k
- Jerome Powell emphasizes need for Crypto Regulation amidst Ukraine conflict
Business
Lugano competes with Zug as Switzerland’s blockchain hub
The city of Lugano has announced plans to recognize Bitcoin as legal tender and promote the blockchain industry.
Electric Capital Raises $1 Billion To Launch Crypto Venture, Token Funds
Crypto VC firm Electric Capital has raised $1 billion, its largest fundraise to date, to deploy capital to Web3, NFT and DeFi projects.
Venture Capital Giant Andreessen Horowitz Invests $70,000,000 in Ethereum Staking Platform - The Daily Hodl
A Silicon Valley-based investment firm is pouring tens of millions of dollars into a crypto project that aims to lower the costs of staking top smart contract platform Ethereum (ETH).
Options on Micro BTC and Micro ETH Futures to Launch in March: CME
CME Group intends to roll out options on their Micro Bitcoin and Micro ETH futures at the end of the month
Schwab files with SEC to create ‘Crypto Economy ETF’
Investment brokerage Charles Schwab filed to create a “Crypto Economy ETF” on Thursday, according to regulatory filings.
Banking Giant JPMorgan Makes New Investment in Crypto Analytics Firm - The Daily Hodl
The largest bank by assets in the United States is investing in a blockchain intelligence firm as the adoption of crypto assets continues to deepen.
FTX Launches Philanthropic Fund With Plans To Deploy at Least $100M
Cryptocurrency exchange FTX has launched its inaugural philanthropic fund in a bid to inject digital assets cash into charitable pursuits.
This feels like a turning point for fiat currencies globally.
— Pomp 🌪 (@APompliano) February 26, 2022
A country that is currently engaged in violent combat to preserve its sovereignty and freedom is publicly soliciting bitcoin and crypto donations.
Hard to imagine just a few years ago. pic.twitter.com/jgK5BSxBBl
Markets
Crypto Charts 59
BTC A five-wave move above $40k is in play with stops set at $34.4k ETH A move above $2′658 is in play with stops set at last week’s low of $2′531 Bitcoin Last time we said: ’a move below $32′921 confirming a larger zigzag correction is playing out. Until
Market Intelligence 16
Bitcoin has gained 15% in the last week and has erased all losses incurred by the invasion of Ukraine Investors continue to accumulate Bitcoin at low prices and hold for the long-term Derivatives traders are uncertain of near-term price action Macro cycle suggests Bitcoin is in the early accumulatio…
Weekly Bitcoin USD chart analysis calendar week 9 - 2022
Bitcoin USD daily basis Bitcoin USD chart analysis - 45′000 resistance zone marks preliminary end of the countermovement The reporting week was quite
Regulations
CEXs refuse blanket asset freeze of all Russian users, though questions linger
For now, ordinary Russians may still access services on centralized exchanges, but that may change in the future.
MetaMask, Infura Block ‘Certain Areas’ Amid Crypto Sanctions Fury
The two pillars of the Ethereum ecosystem did not say which areas were under blockade.
Fed Chair Powell: ‘War Underscores Need’ for Crypto Regulation
“[The Ukraine-Russia conflict] underscored the need for congressional action on digital finance including crypto currency,” Fed Chair Jerome Powell said in Congressional testimony on Wednesday.
Opinions
One of Bitcoin’s Harshest Critics Now Admits Being Wrong About Crypto
On Tuesday (March 1), a well-known billionaire hedge fund manager admitted being wrong about crypto and said that his firm has to “give serious consideration to being a market maker in crypto.”
Binance CEO says it’s ‘unethical’ to block all Russians from accessing its crypto exchange
“Whoever is on the sanctions list, they won’t be able to use our platform. For whoever is not, they can,” Changpeng Zhao told Bloomberg TV.
Readings / Podcasts
Here’s the next big thing in NFTs, according to Multicoin Capital’s Kyle Samani
The Block’s Frank Chaparro spoke with Multicoin Capital co-founder Kyle Samani.
Blockware Intelligence Newsletter: Week 28
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 2/25/22-3/4/22