When you come out of a storm you won’t be the same person that walked in. That’s what the storm is all about(weekly crypto updates)

​

What happened in crypto in the past week? What else? Read below:

• Bitcoin: The Bitcoin price is hovering around $70K today, but Monday is only the first day of the week. The BTC future is under scrutiny after a test transaction was made from the US Department of Justice to a Coinbase Prime wallet. Swiftly followed by $2B worth of BTC being transferred to a different address, the BTC that was seized from the Silk Road marketplace, making people panic thinking if all this BTC would be dumped on the market. Talking about negative milestones, Ark Bitcoin ETF managed to surpass Grayscale for the first time, in terms of outflows. Translation: they are losing a lot of money. This is surprising as the total trading volume for Spot BTC ETFs almost tripled, from $42B to $111B in March, with BlackRock being the clear leader in trading volume. Australia got ready for its first spot BTC ETF. Paraguay’s energy grid is feeling the heat, and they are proposing a new bill aiming to temporarily ban all crypto mining farms. But there is a problem in the wording, as they suggested a temporary ban on creating, storing and selling crypto, which makes you when you just try to sell some crypto on the exchange. Tether added…