Bitcoin trial of the year is on
One of the most followed Bitcoin trials is happening right now in London. The trial is between Dr Craig Wright, a person behind Bitcoin fork Bitcoin SV, and Peter McCormack, famous Bitcoin podcaster, who stated that he believes Wright is a fraud. Allegedly, Wright’s career suffered because of this, which is the reason why he is suing McCormack.
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Texas introduces a Bitcoin bill
Texas introduced a bill that should protect Bitcoin miners, holders, and developers. The bill explains how Bitcoin made several technological breakthroughs, including blockchain and distributed ledger.
After Balaji made a bet that Bitcoin would hit $1 million, Strike CEO, Jack Mallers, joined him. This is due to fears of hyperinflation in the US. In the meantime, the fear and greed index reached 16-month highs, bringing euphoria to the crypto market.
Cryptocurrencies continue to skyrocket
Despite the recent rally, the crypto market continues to take off. Bitcoin jumped more than 8%, and Ethereum is up 3.7%.
Arbitrum (ARB), one of the leading Ethereum Layer 2 networks, has just announced the airdrop of its governance token. The Arbitrum Foundation stated it would happen on March 23rd. The airdrop will give 11.5% of the total supply to eligible Arbitrum users and 1.1% to DAOs that function in the Arbitrum ecosystem.
Bitcoin continues to explode π
Bitcoin continues to skyrocket by 9% above $26,000. This is after markets digested new inflation data from the US. It’s up 32% in the last three days.
Bitcoin explodes in the midst of chaos
Investors are dumping stocks for cryptocurrencies amid several bank collapses. That caused Bitcoin to rise by more than 13% above $23,000 and Ethereum to jump 11% in the past 24 hours.
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The euro strengthened against all fiat currencies, supporting the ongoing trends. EUR/AUD jumped 1.5%, while EUR/JPY and EUR/GBP are up 1.2%.
Texas introduces a Bitcoin bill
Texas introduced a bill that should protect Bitcoin miners, holders, and developers. The bill explains how Bitcoin made several technological breakthroughs, including blockchain and distributed ledger.
FRC gains 30% amid banking mayhem
After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.
Canada’s annual inflation rate dropped to 5.2% from the previous month’s 5.9%. This is the lowest reading since January 2022 and falls short of the market’s projection of 5.4%. Core inflation decreased as well, from 5% to 4.7%.
After Balaji made a bet that Bitcoin would hit $1 million, Strike CEO, Jack Mallers, joined him. This is due to fears of hyperinflation in the US. In the meantime, the fear and greed index reached 16-month highs, bringing euphoria to the crypto market.
Florida Governor wants to ban CBDCs
Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.