Cryptocurrencies this week, bitcoin and some major cryptocurrencies fell for the first time on Monday before recovering, and on Wednesday traders pushed the price of bitcoin sharply higher in the market, supported by the "turning point" executive order. " of Joe Biden and the stock market. rally, before falling again on Thursday as US inflation soared and the ECB slowed down asset purchases. Ethereum rose with the broader market as fees hit a 7-month low, setups for the final testnet before the Ethereum merger went live, fantom and a few other tokens dropped as Andre Cronje and Anton Nell quit DeFi, and a survey said that BNB will not hit ATH this year but could hit $2.500 by 2030.
Meanwhile, crypto donations to Ukraine have slowed over the past weekend. However, Kraken will distribute €10 million to its Ukrainian clients, Ukrainian blockchain developers have issued guidelines on crypto donations for Russians and people based in Belarus, and Ukraine's Deputy Minister of Digital Transformation Alex Bornyakov praised the efficiency of the cryptocurrencies and said that donations are spent on the military. necessities. Justin Sun appears to be "playing both sides" of the war as he spoke to a senior Russian diplomat after making a donation to Ukraine. Meanwhile, three Ukrainian outlets have started offering exclusive content behind an NFT paywall.
The EU clarified its cryptocurrency-related sanctions against Russia and Belarus leaving many questions unanswered, the CEO of Pantera argued that Russian sanctions could lead some countries to switch to bitcoin reserves, and a Credit Suisse report revealed that BTC will “likely benefit” from a new global monetary order, while Russia is exploring the idea of allowing citizens to buy fiat in Chinese yuan and banks can turn to Chinese UnionPay following the suspension of Visa and Mastercard operations. Coinbase's CLO said the transparent nature of crypto made it a terrible choice for sanctions evaders, and Trezor halted wallet shipments to Russia and Ukraine.
The US and EU took their latest regulatory action, Joe Biden's executive order on crypto calling for consumer protection, consideration of CBDCs, and support for technological innovation dividing the cryptocurrency community, and before the order was upheld , the US Treasury issued and later removed an announcement that further crypto regulatory measures were coming. Japan's top financial and crypto regulator has proposed legal amendments to payments legislation, all crypto exchanges in Japan will adopt the FATF travel rule on April 1, and we look at how South Korea's next president could change crypto , economics and politics in East Asia.
Additionally, eBay teased its new “digital wallet” and announced “split” plans, while crypto support returned to Stripe, along with NFT support. The Caribbean CBDC is now back to life after a two-month hiatus.
Meanwhile, Okcoin announced a $165 million Bitcoin plan and Goldman Sachs has decided to exit Russia and will reportedly increase its focus on cryptocurrencies.
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