Fed pricing eggs in Bitcoin?

Yesterday, The St.Louis Federal Reserve has released a rather interesting post. In it, they priced the eggs in bitcoins (satoshis) and compared it to the price of eggs in dollars. While the Fed has tried to do everything they could to make it look bad for Bitcoin, the crypto community was quick to respond and correct their misleading statements.

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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.

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 πŸš€

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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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.

Canada’s inflation drops

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%.

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.

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.

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