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Ukraine's President Zelenskyy approves the law to recognize cryptocurrencies. Ukraine has moved to clear the legal path to both recognize crypto assets in the country and receive crypto donations from the international community.

On March 16, Ukrainian President Volodymyr Zelenskyy signed into law the "Law on Virtual Property", officially recognizing the cryptocurrency sector in this country.

The law will designate agencies that will oversee and manage crypto-asset regulation and citizen ownership, including the State Bank of Ukraine and the National Securities and Exchange Commission. Meanwhile, Ukrainian and foreign crypto exchanges will be able to operate normally under the under-constructed regulatory framework and will be allowed to open bank accounts.

The Ukrainian Ministry of Digital Transformation is drafting a proposal to amend Ukraine's Tax Law to include the crypto sector, paving the way for the creation of a comprehensive crypto-asset market in the Eastern European country.

The approval of the “Virtual Property Law” by the President of Ukraine will be an important step in bringing the crypto sector “to the light” and legitimizing that emerging market.

The regulation to recognize cryptocurrencies has been cherished by the Kyiv government since 2021 and submitted to the President of Ukraine for approval in October, but was rejected by Mr. Zelenskyy at the time. The Ukrainian Digital Transformation Ministry then made the necessary amendments and passed the law by the National Assembly on February 18, just a few days before the conflict with Russia broke out.

Cryptocurrencies have been an important tool to help Ukraine overcome adversities following a military attack by Russia. As Cointelegraph reported, Ukraine raised over $100 million in crypto donations in just over 2 weeks. Much of that money was used to buy non-lethal weapons and supplies for Ukraine's armed forces.

Ukraine recently launched an official cryptocurrency donation website, accepting 9 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT TRC-20), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), ICON (ICX) and NEO N3 (NEO).

Not stopping there, Ukraine also intends to open for sale a collection of NFTs representing the "museum of the Russian-Ukrainian war". This is an alternative to Kyiv's previously canceled airdrop plan.

In the past few weeks, many countries around the world have shown extremely positive regulatory signals to support and recognize the cryptocurrency sector, such as the US, EU, South Korea, Bahrain and Dubai.

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Goldman Sachs becomes the first major bank in the US to conduct OTC cryptocurrency trading. Goldman Sachs, one of the largest investment banks in the world, is reported to have conducted the first OTC crypto options trading with investment firm Galaxy Digital.

As CNBC reported on March 21, Goldman Sachs traded a Bitcoin (BTC)-linked instrument called a non-distributable option with popular crypto hedge fund Galaxy Digital. . Essentially, this is a cash-settled crypto options trading type.

Through the above event, Goldman Sachs became the first major bank in the United States to conduct OTC cryptocurrency trading, setting a solid sign for the growth of the crypto market for institutional investors. .

Furthermore, Goldman Sachs and Galaxy Digital announced in more detail that both companies are in an ongoing partnership. Galaxy Digital notes that the latest OTC settlement move is a continuation of the hedge fund's key strategy to increase the bank's exposure to cryptocurrencies.

Max Minton, Asia-Pacific head of crypto assets at Goldman Sachs said:

“We are excited to execute our first cash-settled crypto options transaction with Galaxy Digital, marking an important milestone in Goldman Sachs' long-term goals for this exciting asset class. .”

As reported by Coin68, Galaxy once facilitated the launch of Goldman Sachs' Bitcoin futures trading product for CME Group in June 2021. About 2 weeks ago, according to data from Cointelegraph. The United States Securities and Exchange Commission (SEC), Goldman Sachs also offers its clients exposure to ETH through Galaxy Digital's Ethereum fund.

Goldman Sachs is one of the largest traditional financial institutions in the United States that is fiercely involved in the cryptocurrency industry. The banking giant is known for backing Circle, the blockchain technology company behind the development of USD Coin (USDC), the second-largest stablecoin by market capitalization.

In 2021, Goldman Sachs has taken a historic step into the market by launching its first trading services for Bitcoin and Ethereum derivatives. Interestingly, Goldman Sachs even has its own “collection” of bold future price predictions for both of the world’s largest coins, at $100,000 for BTC and $8,000 for Bitcoin, respectively. Ether. Not only that, in terms of the metaverse space alone, Goldman Sachs confidently identifies this field as an investment opportunity worth $8 trillion in market capitalization in the future.

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Liverpool FC releases NFT collection. Liverpool FC has become the latest English Premier League (EPL) football club to enter the crypto industry with the release of the NFT collection.

On the evening of March 24, Liverpool football club (LFC) said it had partnered with the famous auction house Sotheby's to launch a private NFT collection, named LFC Heroes Club.

LFC Heroes Club will be divided into two categories. The first are “Hero” NFTs with Match Mode, Fresh Mode, and Super Mode features, with a purchase price of $75/NFT. In addition, there will be 24 "Legendary" NFTs representing the 24 players playing in Liverpool's main squad. These NFTs will all be auctioned on Sotheby's on March 30.

Liverpool announced that it will donate 50% of the proceeds from the NFT Legends auction, 10% of the sales from the NFT Hero sale and 10% of the sales of the NFTs resale to the LFC Foundation, the team's charity. shadow.

The “Red Brigade” also claims that their NFTs are created on the Polygon platform, the blockchain with the lowest environmental impact in the crypto industry. Creating an NFT on Polygon only causes the same greenhouse gas emissions as sending 2.5 emails, 10 times less than Ethereum.

NFT Liverpool collection partner Sotheby's is not only a prestigious auction house of the art world, but in 2021 also successfully organized many NFT sales and raised up to 100 million USD.

With the move, Liverpool is the latest name in the “Big Six” of English football to come into contact with the cryptocurrency space – after Manchester City, Manchester United and Arsenal – but will be the first to launch. Official NFT collection.

Recently, President Joan Laporta of FC Barcelona also revealed the idea of ​​​​issuing NFT to help the team overcome the current difficult economic period. The English Premier League itself is said to be in the process of bidding for the NFT copyright with a value of up to nearly 590 million USD.

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Avalanche announces $100 million fund to invest in Web3 content creators. This is the second investment fund announced by Avalanche this March, focusing on content development initiatives in the field of Web3.

Within the framework of the ongoing Avalanche Summit event in Barcelona (Spain), the Avalanche Foundation and web3 social networking platform Op3n have launched a $100 million investment fund to build web3 initiatives. Future.

Dubbed Culture Catalyst, this $100 million AVAX token fund will initially support singer Grimes, the ex-girlfriend of billionaire Elon Musk, who is in the process of creating a “metaverse book for children".

Grimes' book and subsequent projects backed by Culture Catalyst will premiere exclusively on Op3n, the social network that calls itself the "WeChat of the Web3 industry." Op3n founder Jaeson Ma also revealed that his company is about to sponsor an upcoming music video for vocalist Ava Max.

Meanwhile, the President of the Avalanche Foundation stated that the $100 million Culture Catalyst fund will help further popularize Avalanche in popular culture, where Bitcoin and Ethereum dominate in terms of perception regarding crypto. .

At the beginning of March, Avalanche announced a $290 million Avalanche Multiverse fund to incentivize the development of subnets, and launched its own crypto wallet platform, Core, to serve that direction.

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Visa officially announced the enterprise-level NFT support program. After months of careful preparation, payments giant Visa has finally officially announced its global NFT funding program.

As Coin68 reported, after significant efforts in the process of penetrating the NFT field, especially the “historic” event of spending nearly 150,000 USD to buy NFT CryptoPunks in October, Visa has made the crypto community Can't help but be surprised when she continues to tease another NFT sponsorship campaign to create a development platform for creative artists.

However, at the time Visa only revealed that the company only helps artists sell their NFT work as well as help them learn about the cryptocurrency and blockchain industry. Now, the scope has been much wider. In which selected SME owners in various fields such as music, fashion and film will be helped by Visa to strengthen their business through the use of NFT.

However, considering the current situation, although there has been some cooling down recently, the NFT has shown many signs that the field may explode again at any time. Because NFT's momentum is being catalyzed extremely strongly by the Bored Ape Yacht Club project with the skyrocketing growth rate of the newly launched ApeCoin (APE) token, helping the project immediately raise 450 million USD. . Therefore, Visa's urgent move is also understandable.

Under Visa, program participants must commit to a year-long agreement with Visa. What's more, they get many other benefits such as product technical advice, community building, and access to thought leaders, as well as Visa customers and partners.

One of the first entrants to the Creators Program was former Major League Baseball (MLB) prolific Micah Johnson, who launched his NFT Aku collection last year.

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Axie Infinity's Ronin bridge was hacked for 622 million USD, the most serious in history. The news that shook the cryptocurrency industry on the evening of March 29 was that Axie Infinity's Ronin bridge was attacked by hackers, resulting in more than $622 million in damage.

According to an announcement posted at 10:30 PM on March 29, Ronin Network (RON), the sidechain connecting to Ethereum of today's leading P2E game, Axie Infinity, reported that it had been hacked into the cross-bridge. chain, resulting in a loss of 173,600 ETH and 25.5 million USDC.

With the ETH price at the time of writing at $3,435, this means that the attacker has extracted more than $622 million from Ronin, making this the most serious security incident in the history of the cryptocurrency industry. – surpassing Poly Network's figure of 611 million USD in 2021. ETH price immediately dropped sharply to only 3,368 USD. Axie Infinity said it had stopped working both the Ronin bridge and the Katana DEX exchange.

Earlier on March 23, 4 Ronin nodes of Sky Mavis (Axie Infinity development unit) and Ronin node of Axie DAO were compromised, resulting in 137,600 ETH and 25.5 million USDC being stolen over just 2 transaction. Currently on Ronin there are 9 active nodes, to make a deposit or withdraw money, it needs the approval of 5/9 nodes, and this is what the hacker did to attack.

The incident was only discovered on the morning of March 29 when users reported that they could not withdraw money from the Ronin bridge. Axie Infinity immediately raised the deposit and withdrawal conditions to 8/9 nodes, and contacted the security teams of many major exchanges to trace the cash flow. Most of the stolen money, including 175,913 ETH is currently still lying in the hacker's wallet.

Part of the amount, specifically 1,220 ETH, was transferred to the FTX exchange, CEO Sam Bankman-Fried confirmed this and affirmed to provide the necessary support.

According to security unit SlowMist and PeckShield, the hacker also transferred 3,751 ETH to Huobi exchange, Crypto.com. Meanwhile, the money used to carry out the attack originated from the Binance exchange. All of the above platforms have announced that they will support Ronin in tracing cash flows. In addition, the entire stolen 25.5 million USDC was also swapped to ETH by the hacker via Multichain.

Axie Infinity's AXS token price is plummeting nearly 6.5% to $63.41, while Ronin's RON token has lost nearly 25% of its value and is trading at just $1.83.

This is considered a huge step backwards for Axie Infinity, in the context of this blockchain game about to launch a new version called Axie Infinity: Origin.

This is the second largest bridge attack of this 2022, after Solana's Wormhole ($325 million). Ethereum founder Vitalik Buterin in February warned of the risks of such bridges.

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The huge number of Bitcoins "sleeping" for more than 7 years suddenly moved before the sudden drop of BTC. Many Bitcoins that have long been “frozen” have suddenly moved higher this week than at any other time in history.

As revealed by data from Whale Shadows analyst Philip Swift, more than 11,000 BTC suddenly left his wallet on March 29, having previously been dormant for nearly a decade. Coincidentally, this move comes just two days before the Bitcoin price dropped to $44,200, accompanied by negative European regulatory elements when it comes to expanding AML/KYC regulation to crypto.

The spike described is related to Bitcoins that have been dormant for 7-9 years, one of the largest holding periods ever in the history of the industry. The only time BTC moved on such a scale was in December 2017 when BTC hit an all-time high at $20,000.

Swift argues that the funds involved are likely tied to a hack of cryptocurrency exchange Cryptsy in 2014. On the other hand, for the event, several other analysts are voicing the prospect. less bright with BTC. Because Bitcoin has failed to hold the support around $45,000, beyond the yearly open of $46,200, Bitcoin is now facing a deeper retracement and a return to its previously established trading range. me.

However, considering the miner's position index (MPI) at the time of writing, the above negative view will be supported. Because on March 29, MPI peaked in the past year. Signs that miners' psychology is really unstable, ready to create pressure to release at any time. Essentially, the MPI is an indicator that tracks the percentage of BTC leaving a miner's wallet.

In simpler terms, this indicator tells us how the current miner selling behavior compares to the past. As the value of this indicator increases, it means that miners are selling more BTC in recent times. On the other hand, a decrease in the value of the index means that miners will be less active because they are performing cumulative behavior.

This is also an understandable move from miners. Because in the period from December 2021 to February 2022, they continuously "collected" despite the profit level that once reached 20% in order to expect a strong short-term recovery of BTC. . But the reality is that Bitcoin has stagnated so far. Therefore, the barriers of mining equipment burden as well as electricity costs force them to sell BTC to cover.

However, the move from large institutional investors showed optimistic signals. As soon as the Bitcoin price surged to $47,650 at the beginning of the week, institutional inflows immediately returned strongly, the highest in 3 months. Not only that, the subsidiary of giant MicroStrategy has borrowed up to 205 million USD to prepare to buy more Bitcoin. Finally, the focus is on the Luna Foundation Guard (LFG), which has just continued to add nearly 5,000 BTC to its reserves, aiming to become the largest representative of Bitcoin ownership in the world, after Satoshi Nakamoto. At press time, Bitcoin is trading around $45,123, down 4.34% over the past 24 hours.

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Ethereum (ETH) moves closer to “union” with the ultimate test network Kiln. The process of moving forward the much-anticipated Proof-of-Stake (PoS) consensus on Ethereum has come one step closer after the network's final testnet, Kiln, was officially launched.

On March 14, the Ethereum Foundation called on Ethereum stakeholders to run tests using the Kiln testnet to ensure a smooth transition on existing public testnets. Ethereum developer Tim Beiko confirmed that Kiln is live and will soon be ready to merge with Beacon Chain – the mainnet of Eth2.

“We strongly recommend that developers run through a full test and deployment cycle on Kiln. Please do not hesitate to report any issues that arise to us.”

Kiln is currently operating in a Proof-of-work (PoW) test environment for Ethereum developers, node operators, and analysts. This is the last test network before the entire ETH mainnet switches to PoS from PoW which is expected in Q3 of this year.

Furthermore, Beiko said that the launch of the Kiln testnet by Ethereum developers to give the community a chance to test their products through the consolidation process.

The transition of the Ethereum mainnet to PoS will be a major milestone in the development of the platform. This next phase of Ethereum will enable blockchain security based on the amount of ETH staked instead of consuming too much equipment and electrical energy for previous PoW mining.

However, as of press time, there are now more than 10 million ETH locked in the Beacon Chain, which is bringing about a return of about 4.8% per year for investors. Once consolidated, that yield could increase to 15%, and the network operating costs would drop to a fraction of the PoW “predecessor.” More specifically, Ethereum can reduce energy consumption by 99% thanks to PoS.

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Legendary rapper Snoop Dogg launches NFT collection on Cardano. Legendary American rapper Snoop Dogg has taken his crypto space a step further by betting on Cardano (ADA).

Snoop Dogg, who joined the NFT space last year, has become a hugely popular KOL in the field due to his unwavering support and tens of millions of USD worth of collections, most of which is in Ethereum. . Now, he is turning his attention to Cardano for his latest foray by launching his own collection of NFTs on the ADA blockchain.

The announcement was made official by Clay Nation, who are launching NFT in association with Snoop Dogg and artist Champ Medici. The partnership will liven up a variety of collections such as unreleased Snoop Dogg tracks and limited edition exclusives. This partnership was also confirmed by Cardano founder Charles Hoskinson.

Snoop Dogg's musical intro video features an animation gliding across the TV screen before Charles Hoskinson invites both artists to the platform. The video ends with Snoop Dogg picking up the phone to contact the founder of Cardano to work together on the ADA blockchain.

Indeed, the NFT and DeFi space on the Cardano network has continued to grow actively over the past two weeks. The total value of locked down (TVL) of the Cardano ecosystem has increased by more than 50% since there were signs of organizations starting to "rush" to ADA, typically Grayscale's move to set up an investment fund for blockchain projects. replacing Ethereum, with ADA accounting for the highest share of investment, up to 24.6%.

Furthermore, Cardano recently celebrated the milestone of 4 million native assets deployed on the network. A number that surprised even founder Charles Hoskinson, although he has to admit that he was wrong when he made an "extravagant" prediction about the state of ADA dApps a few years ago.

Interestingly, the NFT and metaverse became the main cause of Cardano's boom in early February, driving the ADA price to a 2022 high at $1.61. Even when confidently declaring that the Cardano ecosystem is likely to explode in June with the Vasil hard fork, Charles Hoskinson also revealed that the projects being built on ADA are mostly NFTs, accounting for 34, 7% overall.

However, with the contribution from Snoop Dogg, Cardano will certainly receive more sustainable motivation on the way to conquer the new generation of DeFi according to the ambition and will set forth by Charles Hoskinson from the beginning. Because, the male rapper is too "advanced" in the NFT field, for example, the partnership in January with The Sandbox through the NFT collection "Snoop Avatars", creating a great motivation to help the price of SAND. strongly recovered before the market storm at that time.

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Dogecoin (DOGE) price recovered after the news that billionaire Elon Musk became the largest shareholder of Twitter. Dogecoin (DOGE) in the last 48 hours has increased by more than 13% after Mr. Elon Musk announced to buy 9.2% shares of the social network Twitter.

On April 4, Tesla CEO and the richest billionaire in the world Elon Musk shocked both the US technology world and the crypto community when he announced that he had acquired 9.2% of Twitter shares, making him a become the largest shareholder of this social network.

The move was revealed by Mr. Musk at the end of March when he continuously opened surveys on his personal Twitter page with more than 80.6 million followers, asking them questions such as "Should we open the source code of Twitter?”, “Is Twitter guaranteeing freedom of speech for users?” and “Should Twitter Add Editing Options?”.

On April 5, the new Twitter CEO Parag Agrawal personally welcomed Elon Musk to join the company's board of directors, after receiving a commitment from the billionaire that he would not increase the number of shares held beyond the limit. 14.9%. In response, Mr. Musk confirmed that Twitter was about to welcome important changes in the coming months, but did not elaborate.

The reason this information is noticed by not only the world in general but also the crypto community in particular is because Twitter is the most popular social networking platform of the crypto industry. Many big projects as well as big names in the industry use Twitter as a communication channel to interact with the community.

And yet, plus Elon Musk's relationship with crypto, the community is eagerly waiting to see what plans the billionaire is hatching in the context that Twitter has made many moves to accept tangible cryptocurrencies, including allows users to add a Bitcoin/Ethereum address to their profile to send and receive funds, as well as set NFT as their profile picture.

Dogecoin (DOGE), the coin that has been promoted a lot by Elon Musk in the past time, including accepting payments at Tesla, has recovered slightly since the news that Mr. Musk suddenly "dipped" on Twitter was revealed. confirm. Some argue that the billionaire will "pressure" on Twitter to accept DOGE similar to BTC and ETH. Some people are even more "dreamy" when claiming that Twitter will soon allow advertising payments with DOGE. If this happens, it will be a significant turnaround on Twitter's stance on cryptocurrencies, as former CEO Jack Dorsey is an ardent Bitcoin supporter, while new CEO Parag Agrawal is not directly involved. continues to speak out on this issue, but has many moves in favor of Ethereum.

However, on the other hand, sitting on Twitter's board chair may make Mr. Musk more careful with his posts on social networks if he does not want to get into trouble with the Twitter management team, as well as legal. Elon Musk's purchase of 9.2% of Twitter shares is currently being targeted by the SEC for violating regulations on transaction reporting time and participation in the social network's board of directors.

Another crypto-related change that Elon Musk may require Twitter to adopt soon is to be tougher on spam accounts set up to impersonate celebrities, calling gullible people to join the forums. cryptocurrency scams, with Mr Musk personally being the most frequently hacked. This problem has existed for a long time and once made Elon Musk uncomfortable, but Twitter still ignores it.

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The US Treasury Secretary wants to regulate crypto like the traditional financial industry. In her first speech on cryptocurrencies, US Treasury Secretary Janet Yellen wanted to regulate the sector in a regulated way.

On April 7, US Treasury Secretary Janet Yellen will give her first official speech ever on the field of cryptocurrencies at the American University in Washington, D.C. The CoinDesk page has previewed the content of the keynote, with many interesting points.

Specifically, Ms. Yellen stated that the financial industry, including the latest advancements in crypto, should be subject to comprehensive and neutral regulation to protect investors from scams, whether assets are stored on balance sheets or distributed ledgers.

The Finance Minister emphasized:
“Digital assets may be an emerging aspect, but its current problems are not. As new technologies bring about new activities, products and services, financial regulation should change accordingly.

Companies holding client assets will have to ensure that such assets are not lost, stolen or used without the customer's consent. Investors will have to pay the same taxes on crypto earnings as stocks and bonds, they must have the right information to report to the IRS.”

Yellen's speech was seen as a continuation of the US administration's stance on crypto, which was clearly established in the executive order signed by President Joe Biden in March.

In addition, Ms. Yellen also implied that the Treasury Department would expand the powers of current US financial regulators on crypto-related issues, making necessary recommendations and assessments, leading to legal changes. physical. The US Treasury Department will rely on history to classify cryptocurrencies into an appropriate asset class.

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The “unicorn” Bolt spends $1.5 billion to own the Wyre platform, the largest crypto acquisition. San Francisco-based e-commerce startup Bolt is moving into the crypto space, specifically the NFT space, by acquiring crypto service delivery platform Wyre.

On April 7, Bolt reached an agreement to buy Wyre, aiming to close the deal by the end of 2022. According to a report by The Wall Street Journal, the deal could be worth up to 1 , 5 billion USD. Although neither Bolt nor Wyre confirmed the news, neither did they object to the news.

As such, assuming an acquisition valuation of around $1.5 billion, this would become the largest merger in the crypto space unrelated to those of a merger with a single acquisition company. has a Special Purpose Acquisition Company (SPAC). Previously, the biggest milestone was set in May 2021, when investment fund Galaxy Digital agreed to acquire BitGo Inc. for $1.2 billion.

This deal continues at a record pace for mergers and acquisitions to begin pushing into the blockchain space as early as 2022. Some notable events include Coinbase ( acquired derivatives exchange FairX), Microsoft (acquired Activision Blizzard for $68.7 billion), Consensys (acquired Mycrypto wallet), FTX (acquired Japanese crypto exchange Liquid and game developer Good Luck Games).

Back to the main topic, Bolt and Wyre are currently planning to work together to create new commerce solutions for the popular trend, including integrating cryptocurrency usage for merchants, merchants, and merchants. Bolt retailers, shoppers and global developers. The two sides are also expected to fully integrate their services before the end of the year, adding Bolt's CheckoutOS payment system to the crypto ecosystem.

With the ultimate goal of promoting decentralized commerce, the partnership aims to enable Bolt's consumers to pay for goods with cryptocurrencies like Bitcoin (BTC) while providing merchants with the tools to accept payments. receive crypto. At the same time, Bolt also aims to help customers buy NFT through its platform thanks to Wyre APIs.

Founded in 2013, Wyre is a crypto-friendly payment platform focused on blockchain implementations to facilitate cross-border payments. While Bolt is a payments company that offers one-click shopping like PayPal and Apple Pay, it was first launched in 2014 by Ryan Breslow.

But, Bolt is really a technology unicorn in America. As of February 2022, the company has raised $ 355 million from famous investors including "giant" BlackRock. Bolt's valuation immediately jumped to nearly $11 billion, nearly doubling from $6 billion at the start of the year when it raised $709 million.

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Ethereum Launches First “Shadow Fork” on Mainnet, Continues Testing Before Consolidation. While Ethereum is still in the process of approaching the long-awaited transition to Proof-of-Stake (PoS), developers have launched the first “shadow fork” version of the mainnet.

According to Ethereum developer Parithosh Jayanthi, the purpose of launching the “shadow fork” is to test existing hypothetical cases of testnest and mainnet on Ethereum. Through inheriting the state of the existing testnet, block building and synchronization times can be examined more meticulously. The shadow fork is still connected to another network on the standard Ethereum blockchain, which means some transactions will appear on both chains.

Essentially, a “shadow fork” is a term that refers to copying data from the mainnet, in this case Ethereum, to a test network where developers can test out features in advance. when deploying their work to mainnet. In doing so, the Ethereum engineers made their test environment closely resemble the mainnet in order to solve the outstanding problems.

Van Der Wijden, another Ethereum Foundation developer, called the “shadow fork” a historic event. Meanwhile, developer Tim Beiko says that the success of this fork is key to determining a true merger date.

As of press time, the new Ethereum shadow fork network has processed 1.8 million transactions with an average block time of 13.8 seconds. However, Jayanthi claims to have incurred some perceived problems with Nevermind and Bisu - the providers of Ethereum-based software - following the shadow fork. However, these barriers are considered to be not too serious.

In general, many other test events for The Merge on Ethereum have gone quite smoothly since the beginning of this year. The most prominent is the success of the Kiln testnet – the last testnet that the ETH team just activated in mid-March.

The positive developments surrounding “The Merge” provided an extremely bullish narrative for Ethereum – allowing Ether price to temporarily break a multi-month downtrend. While ETH and the entire crypto market are taking a partial setback as Bitcoin unexpectedly corrects to $39,200, the prospect of earning passive rewards on the Ethereum network has attracted considerable interest from investors. .

The amount of ETH locked on the "heart" of Ethereum's Beacon Chain is rapidly reaching 10.9 million ETH. Beacon Chain now has over 340,000 validators, a 13% increase from early March when the 300,000th validator was first recorded.
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Ethereum's "The Merge" event will not take place in June. The Merge, an upgrade to help Ethereum switch to using the Proof-of-Stake algorithm, will not take place in June 2022 as previously rumored. .

Since the Ethereum network launched the Kiln testnet in mid-March and conducted testing the merging of the existing Proof-of-Work Ethereum 1.0 blockchain with the Ethereum 2.0 blockchain using Proof-of-Stake, the coin community Encryption had hoped The Merge event would be able to go on as scheduled in mid-2022.

The optimism became even more pronounced when earlier this week, the Ethereum development team announced that it had successfully executed a “shadow fork,” another major milestone in the merger of the two blockchains.

However, a veteran Ethereum developer recently extinguished faith from the community when claiming that The Merge event would be several months away.

Answering a question from a miner on Twitter about whether to continue to invest in new equipment in the near future, developer Tim Beiko said that the current time is extremely sensitive because of the Proof-of upgrade. -Stake is approaching, which means that the Ethereum network will completely eliminate the mining mechanism.

However, when asked by the above miner more about the specific time of the upgrade, is it June as the rumor is spreading on social networks, Mr. Beiko revealed:

“It won't happen in June, it won't be until a few months later. We have not fixed a specific date yet, but we are in the final moments of the Proof-of-Work era on Ethereum.”

Ethereum's move to Proof-of-Stake is forecasted to benefit Ethereum Classic (ETC), a "twin" cryptocurrency to Ethereum that will still retain the Proof-of-Work mechanism, which will earn attract a large number of ETH miners to transfer their equipment. Even so, the hashrate of ETC in recent times has not had many notable fluctuations, showing that the "exit" of ETH miners has not yet begun.
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The Central Bank of Portugal is opening up the possibility of legally accepting cryptocurrencies with its latest move.

Bison Bank, a financial institution based in Portugal, has received a license from the National Central Bank (Banco de Portugal) to operate as a virtual asset service provider (VASP). legal in the country.

Specifically, Bison will establish a special business division, Bison Digital Assets, to act as a digital exchange. Notably, Bison Digital Assets is the first institution in Portugal within the scope of a bank authorized by Banco de Portugal to provide cryptocurrency trading and custody services.

In March 2021, the Central Bank of Portugal awarded an all-portfolio VASP license to Utrust (UTK), a crypto payments company based in the country, which has now been acquired. by the Elrond blockchain (EGLD). Less than two months later, the bank continued to license two other crypto exchanges, Criptoloja and Mind The Coin, to act as VASPs as well as the Luso Digital Assets platform.

Combining all the above data, it can be seen that the latest move from the Central Bank of Portugal is likely to signal that the country is gradually opening more favorable roads in legal reception of money. encode. The reason why Portugal has suddenly appeared as a jurisdiction with high probability of adopting BTC as currency in the near future at the Bitcoin 2022 Conference just took place last week.

Moreover, throughout 2021 with "easy" tax policies, Portugal has always been considered the most crypto-friendly destination in Europe for large companies in the world to test adoption. pay in Bitcoin, for example is Chinese giant technology group Xiaomi. Not only that, the pride of the country is that the Portuguese football team also cooperated with Socios to launch Fan Token.
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Bitcoin's rally is broken because of the Fed Chairman. Bitcoin price in the last 12 hours from a strong growth has dropped sharply after the Fed Chairman hinted at accelerating the level of interest rate hikes.

Federal Reserve Chairman Jerome Powell announced that interest rates could be raised to 0.5% in the next adjustment in May.

This is seen as the Fed's response to the fact that the inflation situation in the US has not shown any signs of being brought under control. As reported by Coin68, inflation in the US in March reached 8.5%, the highest level in 41 years.

Inflation in the US has been on the rise since October 2021, initially being the main driving force for Bitcoin's price to peak ATH in November 2021. However, with US economic planners going to be forced to make adjustments to curb inflation, with the most powerful tool being interest rates decided by the Fed, not just the crypto market in Q1/2022 and the stock market in recent years has continuously declined due to concerns about rising interest rates.

In the March meeting, the Fed agreed to raise interest rates by 0.25%, marking the first time since 2018 that the agency has adjusted interest rates upward. Mr. Powell also "disclosed" to the media about that move before the Fed made a decision.

However, with things still not improving and US consumers can clearly feel the price of many essential goods gradually increasing, the Fed is under pressure to take stronger actions, leading to more drastic action. to the proposal to raise interest rates by 0.5% in the next meeting of the Fed in May.

In addition, in the minutes of the March meeting, Fed officials also proposed to reduce the money supply in the US economy by up to $ 95 billion a month by selling the US Treasuries they are holding.

Mr. Powell's latest statement has caused Bitcoin price to turn sharply. On April 21, the world’s largest cryptocurrency found steady recovery to rally from $40,820 to a 12-day high of $42,976. However, after Mr. Powell's statement went viral, the BTC price quickly sold off to $39,751 before stabilizing around $40,400 at press time.
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The US sanctioned 3 more ETH wallet addresses related to North Korea in the Ronin hack. The US authorities are rolling out a broader net of sanctions against North Korean crypto wallets closely linked to the industry-wide shock of the Ronin sidechain hack of Axie Infinity.

In an update on April 22, the US Department of Justice added three more Ethereum wallet addresses to the sanctions list linked to the North Korean hacker group Lazarus. This is the mastermind that allegedly took more than 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC) from the Ronin bridge of Axie Infinity in March worth more than 600 million USD at the time, becoming The hack has the biggest loss ever.

The latest move is part of an effort by the US administration to prevent North Korea from evading sanctions imposed by the country and the United Nations. Specifically, three Ethereum wallet addresses have just been listed by the US Department of Justice including “0x53b6936513e738f44FB50d2b9476730C0Ab3Bfc1”, “0x3Cffd56B47B7b41c56258D9C7731ABaDc360E073” and “0xa0e1c89E5B7D20E489Ef7D20E489”

The total balances as of press time of these wallets are 21,629 ETH ($64.2 million), 8,601 ETH ($25.5 million) and 18,256 ($54.2 million) next to the first wallet, respectively. The first is on a government agency blacklist – “0x098B716B8Aaf21512996dC57EB0615e2383E2f96” with 94.821 ETH ($280 million).

As soon as the bad signal was received, the attacker quickly transferred 1,528.2 ETH (about 4.5 million USD) to a new wallet address from the intermediate address listed "0x3cffd56b47b7b41c56258d9c7731abadc360e073".

According to PeckShield, over the past two weeks, the hacker group has been gradually siphoning around 3,000 ETH, more than $9 million, every two to three days since the original stolen funds. Funds have been repeatedly sent to Tornado Cash, a leading cryptocurrency mixer on Ethereum that allows users to conceal the origin of their funds.

As of April 9, PeckShield said hackers have laundered about 7.5% of the stolen funds and still have about 159,710 ETH, or $512 million, in the wallet. Earlier this week, blockchain analytics firm Elliptic revealed that the laundered funds had reached 18%.

Faced with the above situation, Tornado Cash immediately blocked the Ronin hacker wallet to prevent illegal behavior from continuing. However, this was only a temporary solution because the hacker group very quickly found a way to "circumvent the law" by switching to a new wallet and linking with Tornado Cash to continue to carry out their money-laundering transactions. In a related development, Binance has also seized $5.8 million in cryptocurrency from hacker Ronin.

In fact, hacks with significant “impact” from North Korea are slowly becoming a major concern for the entire crypto industry. According to a report by Chainalysis in January 2022, North Korea stole around $400 million in cryptocurrency through cyberattacks in 2021, an increase of nearly 40% from 2020. Illegal funds involved to many hacking groups from the Pyongyang government mainly with Ethereum (58%), Bitcoin (20%) and other tokens (22%).

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🔥🔥🔥 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐫𝐢𝐬𝐞 𝐚𝐟𝐭𝐞𝐫 𝐅𝐞𝐝 𝐫𝐚𝐢𝐬𝐞𝐬 𝐫𝐚𝐭𝐞𝐬 🔥🔥🔥
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👉 Green fills the stock and crypto markets despite the 𝐅𝐞𝐝 just raising interest rates for the fourth time in a row in 2022.

👉 As soon as the news of a 0.75% increase was confirmed by the 𝐅𝐞𝐝, 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 (𝐁𝐓𝐂) even regained its momentum from the $21,900 region and even surged to the $23,100 mark. After that, the world's largest cryptocurrency is stabilizing around the $22,700-23,000 zone.

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🔥🔥🔥 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐓𝐞𝐭𝐡𝐞𝐫 (𝐔𝐒𝐃𝐓) 𝐬𝐡𝐨𝐰 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 🔥🔥🔥
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👉 The world's largest stablecoin Tether 𝐓𝐞𝐭𝐡𝐞𝐫 (𝐔𝐒𝐃𝐓) has expanded its circulating supply after nearly three months of continuous decline, which could be a sign that the crypto market is slowly recovering.
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🔥🔥🔥 𝐒𝐭𝐫𝐨𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐜𝐫𝐨𝐬𝐬𝐞𝐬 𝐭𝐡𝐞 $𝟐𝟒,𝟎𝟎𝟎 𝐦𝐚𝐫𝐤 🔥🔥🔥
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👉 At the beginning of the week of August 8, 2022, the cryptocurrency market had an amazing recovery thanks to the momentum from Ethereum 👈
👉After a series of gloomy days and sideways around the $23,000 mark, on the evening of August 8, 2022 Bitcoin made an amazing leap. BTC price increased 5% in the past 24 hours, crossed the $24,000 mark, and at one point touched $24,200.👈
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