Facebook lifts the cryptocurrency ads ban

Facebook, now Meta, has ended the ban for cryptocurrency ads. Many believe that this decision was made due to the introduction of Facebook into Metaverse, which is an ever-growing part of the cryptocurrency world. The ban was in place since January 2018, as a protection from ICO mania.

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Magic Eden supports Bitcoin NFT trading

Magic Eden has become one of the first major NFT marketplaces to support Bitcoin NFTs (Ordinals). The company aims to leverage the rising interest in Ordinals after over 560,000 inscriptions were made. This is the fourth supported blockchain after Solana, Ethereum, and Polygon.

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.

Crypto optimism grows

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 announces airdrop

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 🚀

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.

More market movers

Magic Eden supports Bitcoin NFT trading

Magic Eden has become one of the first major NFT marketplaces to support Bitcoin NFTs (Ordinals). The company aims to leverage the rising interest in Ordinals after over 560,000 inscriptions were made. This is the fourth supported blockchain after Solana, Ethereum, and Polygon.

Russia to internationalize Chinese Yuan

Putin advocated for the internationalization of the Chinese yuan, saying that around two-thirds of trade between Russia and China is conducted in yuan and ruble. The president said his country supports the use of the yuan in trade between Russia and countries in Asia, Africa, and Latin America.

Inflation levels rise

The annual inflation rate in the UK unexpectedly jumped from 10.1% to 10.4%, significantly higher than the 9.9% forecast. Lebanon’s inflation surged from 123.53% to 189.67%. South Africa’s inflation jumped by 0.1% from 6.9% to 7%.

EUR gains on all fronts

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.

News

GBP/USD jumps after UK inflation; awaits Fed’s decision
GBPUSD
-0.5%

GBP/USD jumps after UK inflation; awaits Fed’s decision

Today's headline (FOMC) event could cause significant movements in the financial markets.
Banks cool down even more before Fed – another green day for stocks
SP500
1.3%

Banks cool down even more before Fed – another green day for stocks

The US Treasury stepped in again to make sure every little bank can count on it. All eyes are starting to turn on Fed.
Gold respects $2,000 resistance for now – can it smash through?
XAU
2.33%

Gold respects $2,000 resistance for now – can it smash through?

Gold could pause its rally as investors now anticipate the Fed’s monetary policy meeting, which can go either way.

Financial sector jumps as Yellen calms investors

Markets think the crisis is over, bidding up regional banks and the whole financial sector.