Quote of the Week: “There are benefits from crypto, and we recognize that innovations in the payments system can be a healthy thing.” – Janet Yellen, the 78th United States Secretary of the Treasury. Source: https://cointelegraph.
Crypto Winter is Over? As of March 31 at 9:30 a.m., Bitcoin was trading at $47,171.30. Bitcoin has seen a price surge this past week as sentiment has improved. The Bitcoin Fear & Greed Index entered “greed” territory, indicating bullish sentiment among cryptocurrency traders and community members.
Crypto Funds Have Largest Inflows Since December: The Digital Asset Fund Flows Weekly Report revealed that $193 million flowed into crypto funds in the seven days through March 25, after two straight weeks of outflows. The inflows occurred after the price of Bitcoin rose 14% last week. Inflows were led by European funds ($147 million) with American funds behind them ($45 million).
Ukraine Launches A NFT ‘Museum of War’ To Help Fund The War Against Russia: Ukraine had raised more than $50 million in cryptocurrency donations and is now turning to its second modern war fundraiser, featuring NFTs. 100% of the funds from NFT purchases will go directly to the official cryptocurrency accounts of the Ministry of Digital Transformation of Ukraine to support the army and civilians. The Ukrainian government is launching a Meta History: Museum of War NFT site where buyers will be able to purchase NFTs, starting March 30, to aid Ukrainians in the war against Russia. Source: https://finance.
Mastercard Forges Partnership With Cryptocurrency Exchange BTC Markets:
Mastercard recently formed a partnership with cryptocurrency exchange BTC Markets, which is an Australian cryptocurrency exchange. The companies forged a partnership to support crypto card payments and allow customers to make direct debit, prepaid, or credit card payments into the cryptocurrency exchange. Source:
Largest DeFi Hack to Date Occurred This Week: Crypto gaming giant Axie Infinity’s Ronin network suffered a $625 million exploit. Axie Infinity’s Ethereum-linked Ronin sidechain was exploited for 173,600 Ether and $25.5 million worth of USDC. This is the largest decentralized finance hack to date. Currently, the company is working with several government agencies to ensure that the criminals get “brought to justice.” Source: https://finance.yahoo.
And, that’s a wrap!