Daily news update: March 22nd, 2022

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Crypto market update

Shortly after dipping below $41,000, Bitcoin went on the offensive once again and briefly exceeded $43,000, but slightly retraced later. BTC thus painted its highest price tag since March 3rd. The altcoins are also mostly in the green today, with ADA nearing $1 and Ethereum exceeding $3,000. PlatonCoin gained 4.4% and is back in the top 500 coins on Coingecko. The cumulative market cap of all crypto assets is up by $60 billion in a day and has exceeded the $2.0 trillion level.

Bitcoin (BTC) is now trading at 42,792 USD up by 4.3% in 24h

Ethereum (ETH) is now for 3,008 USD up by 3.0% in 24h

PlatonCoin (PLTC) is now for 0,680 USD up by 4.4% in 24h

Total marketcap is currently at 2.02 trillion USD up by 2.7% in 24h

(all data valid at the time of publishing, from Coingecko.com)

Daily news update

Tokens and other investments: A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance, which is driven by factors such as ease of access and an adolescent crypto market. Among the 2,000 U.K. residents who were surveyed by OnePoll via Tokenise, 81% of the responders chose tokens as the safer and securer alternative to traditional investments such as gold, oil, shares and real estate.

Investors and exchanges: A massive volume of BTC left centralized exchanges tracked by Glassnode in March. According to the on-chain data provided, traders and investors removed approximately 61,000 BTC worth $2.6 billion from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.

Coincheck and NASDAQ: Coincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc. The combined holding company would be called Coincheck Group, N.V and is expected to list on Nasdaq after finalization of the deal by the second quarter of 2022 with the ticker symbol CNCK. The value of the merger deal is reported at $1.25 billion for 125 million shares and upon completion, the combined holding company will receive $237 million in cash held in trust by Thunder Bridge IV. The deal has been approved by the board of directors of Coincheck, Coincheck parent company Monex Group, Inc. and Thunder Bridge IV.

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