Neurospin

• The cryptocurrency market recently experienced a decline due to the price of Bitcoin dropping 0.87%. • Traders anticipate the Federal Reserve to adopt a more accommodating stance, either maintaining or increasing rates by only 25 basis points. • LHINU, XRP, FGHT, BNB, CCHG, and TARO are some of the best cryptos to buy now according to a combination of fundamental and technical analysis. Cryptocurrency Market Decline The cryptocurrency market recently experienced a decline as the price of Bitcoin dropped…

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• Bitcoin (BTC) and Ethereum (ETH) have reclaimed the $22,000 level on Monday, suggesting stability in the cryptocurrency market. • The global crypto market cap has rebounded to $1.02 trillion after a sharp decline. • Silicon Valley Bank and Circle have faced significant challenges in the crypto industry due to restrictions on withdrawals and deposits. Bitcoin Reclaims $22,000 Level Bitcoin (BTC) and Ethereum (ETH) managed to reclaim the $22,000 level on Monday, suggesting some stability in the cryptocurrency market. After…

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• David Duong, Head of Institutional Research at Coinbase, discussed the crypto market performance over the past year. • He noted that institutional investors are still paying attention to altcoins despite Bitcoin and Ethereum remaining on top. • Macro conditions for risk assets including crypto are neutral at the moment but could weaken in the second quarter with debt ceiling issues. Altcoin Markets Attracting Institutional Investors Amid Bitcoin & Ethereum Dominance Bitcoin & Ethereum Still On Top David Duong, Head…

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Polygon’s zkEVM Launch on March 25th • Polygon is Ethereum’s leading layer 2 blockchain, and its MATIC price has been facing a bearish wave since early last week. • The development team of the Polygon ecosystem has announced the launch of Polygon zkEVM Mainnet Beta on 27th March 2023 to unlock mass adoption and the full potential of Web3. • Following months of pushing the zkEVM to extreme limits, Polygon Labs have achieved various key milestones in order to ensure…

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• Binance is exploring opportunities to launch another stablecoin, beyond the dollar-based ones. • Private and public entities have shown interest in collaborating with the exchange on launching such a stablecoin. • However, the lack of regulations might prove to be a roadblock for non-USD based stablecoins to become prevalent. Binance Exploring Non-USD Based Stablecoins Binance, the world’s largest cryptocurrency exchange, is now looking beyond dollar-based stablecoins after U.S. regulators effectively canceled its BUSD stablecoin. Patrick Hillmann, Binance’s chief strategy…

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• Dogecoin (DOGE) dropped on Thursday due to a mix of Fed tightening fear and SEC crackdown on US-based crypto staking services. • DOGE/USD stabilized just above its 50-Day Simple Moving Average (SMA). • Elon Musk’s decreasing engagement on Twitter has some analysts concerned that it might not be the silver bullet for Dogecoin’s recovery. Dogecoin Price Prediction Dogecoin (DOGE), the cryptocurrency powering the meme-inspired Dogecoin crypto payments blockchain, has seen its price predictions worsen after breaking out of an…

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• The city of Suzhou, China has unveiled a plan to increase its digital yuan adoption drive sixfold in 2023. • The plan includes goals such as processing $30 billion worth of digital yuan-powered loans for small- and medium-sized enterprises. • Several other cities in China are also pushing for increased digital yuan adoption, with Changsha claiming that 300,000 stores now accept the coin. City of Suzhou Aims to Increase Digital Yuan Adoption The city of Suzhou, in China, has…

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• US Congressman French Hill plans to create a favorable regulatory framework for digital assets and blockchain technology to make America the leading place for innovation in fintech. • Hill spoke in favor of a spot Bitcoin ETF, but also stated that Bitcoin is not yet fit to be used as a real-time payment method. • He believes that the new subcommittee will be able to make progress on crypto-related matters, even with current SEC Chair Gary Gensler in charge….

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• Crypto lending company Nexo has agreed to pay a total of $45 million to United States regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP). • This settlement requires Nexo to cease its offer and sale of the EIP to U.S. investors. • The SEC claims the product is a security and thus Nexo should have registered with the agency. Crypto lending company Nexo recently agreed to pay a total of…

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