Daily news update: March 2nd, 2022

chance, news

Crypto market update

Bitcoin kept climbing in the past 24 hours and tapped $45,000 to mark its highest price line in roughly three weeks. As of now, bitcoin has lost some ground and stands around $44,000. Most altcoins have calmed now, and the crypto market cap is now hovering around $2 trillion.

Bitcoin (BTC) is now trading at 43,739 USD down by 1.9% in 24h

Ethereum (ETH) is now for 2,952 USD down by 0.6% in 24h

PlatonCoin (PLTC) is now for 0,540 USD down by 4.9% in 24h

Total marketcap is currently at 2.010 trillion USD down by 0.8% in 24h

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

Daily news update

Women and crypto investments: About one-third of women are planning on buying cryptocurrencies this year, according to a new survey conducted by BlockFi. Of those women, 60% said they plan on buying digital assets within the next few months. That’s more than double the 29% of women who said, in a September 2021 survey, that they would purchase within the next year.

Sberbank and Europe: As a result of the economic sanctions against Russia, the largest financial institution in the country – Sberbank – will reportedly withdraw from the European market. The organization said its subsidiaries spread around Europe face large cash outflows while the safety of its employees is threatened. Interestingly, Sberbank is one of the Russian banks that have displayed a pro-crypto stance over the past several months.

Vodafone and IoT on blockchain: Vodafone has launched a blockchain-backed platform that authorizes connected devices to perform secure automated transactions on a customer’s behalf. Most connected devices and sensors today collect and send information via the Internet. However, the new ‘Economy of Things’ platform from Vodafone goes further than that. It allows verified connected devices, vehicles, smart street furniture, and machines to transact seamlessly and securely on a user’s behalf without their intervention.

EU and crypto legislation: The latest version of the EU’s “Markets in Crypto-Assets” or MiCA directive has been stripped of a passage that many feared would lead to a ban on cryptocurrencies that use proof-of-work — namely, Bitcoin. The rapporteur for the legislation as the head of the ECON Committee, Berger last week delayed votes that he had scheduled for February 28 in response to outcry over the offending language. Today, in announcing that the paragraph in question had been removed, he also said that the committee still needed to vote on the provision.

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