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Don’t pray for lighter burdens, but for stronger backs! (weekly crypto updates)
5 min readMar 10, 2023
Everything is going down. What is happenning? Are we going back into the bear traps? Bitcoin under 20K, and the rest follows. Crypto-market in UK is suffering for now, BTC ATMs being taken down in East London, and Binance is stopping all their Earn programs interest in the United Kingdom. FTX continues the circus. What else? Read bellow:
- Bitcoin: Bitcoin NFT seems to evolve in a whole 4.5B market in the next 2–3 years. Arthur Hayes, well-known Bitcoin maximalist, is coming back, promoting BTC once more. He was six months in home detention, after Bitmex allegedly failed to implement an anti-money laundering program. Unlike SBF or Do Kwon, he never stole or misappropiateed any customer funds. TwelveFold sales, made by Yuga Labs, reached $16.50M, being first of its collection on Bitcoin as ordinals. Interest rates in US are going up, if we were to listen to Fed Chairman Jerome Powell, by a possible 0.5%, and Bitcoin is not under 20K ($19973 at current moment). Silicon Valley Bank dropped some, making BTC fall under $20K, loosing close to $1.8B while doing it. UK authorities are taking actions against Bitcoin ATMs operating illegally in East London. Biden Admin budged proposed 30% tax on crypto mining energy.
- Ethereum: Account Abstraction (AA) is a core Ethereum roadmap initiative aiming…