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Fidelity Crypto Investment Product Now Available to All Users
Today’s Cryptocurrency Headline
Fidelity Digital Assets has recently made its crypto investment product, Fidelity Crypto, available to the general public. This move allows millions of users to trade Bitcoin and Ethereum on the platform without paying any commissions. The app was previously restricted to a waitlist. Now, new customers can create a Fidelity brokerage account during the setup process to gain access to Fidelity Crypto.
BingX’s Bitcoin Chart
Source: TradingView& BingX
Bitcoin is down 1.35% over the last 24 hours and fell to an intraday low of $23,908.45. On March 14, the bulls managed to push Bitcoin above the key overhead resistance level of $25,250. However, the presence of a long wick on the candlestick suggests that the bears are not willing to give up. The 20-day exponential moving average, or EMA ($23,012), has started to turn up, and the relative strength index (RSI) is in the positive territory, suggesting that buyers have an edge in the market. If the price remains above $25,000, the BTC/USDT pair may have the potential to surge to $30,000.
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富達的加密投資產品Fidelity Crypto已向所有用戶開放
富達數字資產(Fidelity digital Assets)近日已悄然為大眾開放了對其加密投資產品Fidelity Crypto的訪問。數百萬用戶現在可以在該平台上免佣金交易比特幣和以太坊。知情人士透露,Fidelity Crypto的全面開放是在過去幾週內進行的。該應用程式之前僅限於等候名單。目前新用戶客戶必須在設置過程中建立富達經紀帳戶才可使用。
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Sei Network to Launch Final Version of Testnet, Atlantic-2
Today’s Cryptocurrency Headline
Sei Network has announced the upcoming launch of the final version of its testnet, Atlantic-2. It will use Sei’s Twin Turbo consensus, DeliverTx and Enblock parallelization, and permissionless deployment. Twin Turbo consensus features Intelligent Block Propagation and Optimistic Block Processing, allowing Sei to broadcast and process blocks faster than vanilla Tendermint. In terms of parallelization, Sei uses two different types of parallelization to further improve network throughput and latency. DeliverTx parallelization allows parallelization of all types of transactions, while Enblock parallelization is only applicable to orderbook related transactions.
BingX’s Bitcoin Chart
Source: TradingView& BingX
The Bureau of Labor Statistics (BLS) reported on Tuesday that the Consumer Price Index (CPI) increased by 6.0% in the 12 months through February, in line with economists’ predictions. Bitcoin is up 1.35% over the last 24 hours and rose to an intraday high of $26265.00. The cryptocurrency market experienced massive volatility today with Bitcoin trading between $24,055.06 to $26,265.00, indicating a struggle for dominance between bulls and bears. If the price remains above $25,000, the BTC/USDT pair may have the potential to surge to $30,000.
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CME Group Launches Trading for Bitcoin Futures Event Contracts
Today’s Cryptocurrency Headline
CME Group launched trading in bitcoin futures event contracts on Monday. It will “provide a limited-risk, highly transparent way for a wide range of investors to access the bitcoin market via a fully regulated exchange,” the company said in a statement. Such contracts offer payouts based on specific events and are also known as prediction contracts or information contracts, meaning they expire daily, and are settled in cash. Investors use this to trade their views on bitcoin price movements. According to previous news, in February this year, the open interest of CME Bitcoin options hit a record high, breaking through $1 billion for the first time.
BingX’s Bitcoin Chart
Source: TradingView& BingX
According to CoinShare, digital asset investment products saw outflows for the 5th consecutive week totalling US$255m, the largest single weekly outflows on record representing 1.0% of total assets under management (AuM). Bitcoin is up 11.25% over the last 24 hours and rose to an intraday high of $24409.07. The aggressive purchasing of Bitcoin has been triggered by the banking crisis in the United States. The rebound of Bitcoin on March 13th, which saw it climb above $24,000 from a local low of $19,549 on March 10th, signals a significant change in market sentiment. This recent upward momentum has opened the door for a possible retest of the strong overhead resistance level at $25,250, and if buyers are successful in breaking through this level, the BTC/USDT pair could potentially surge to $30,000.
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SVB Draws Support From More Than 100 Investors and Venture Firms
Today’s Cryptocurrency Headline
According to Bloomberg, more than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies. As of Saturday afternoon in San Francisco, about 125 venture firms including Sequoia Capital had signed on to the statement, spearheaded by venture firm General Catalyst, according to a person familiar with the matter. First released Friday by a smaller group of signatories, the statement called the events of the last two days “deeply disappointing and concerning,” and said that the investors would continue relationships with the institution if it were bought by another entity.
BingX’s Bitcoin Chart
Source: TradingView& BingX
Bitcoin is up 9.55% over the last 24 hours and rose to an intraday high of $22,600.00. The largest cryptocurrency has rebounded above $22,000 after stablecoin issuer Circle announced the company will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary. The rebound witnessed today has resulted in the relative strength index (RSI) returning to a neutral position, indicating a substantial decline in the short-term selling pressure. If the price maintains above $22,000, the BTC/USDT pair may reach $22,800.
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矽谷銀行獲得紅杉資本等超過100家風投公司支持
據彭博社報道,超過100家風險投資公司簽署了一份支持矽谷銀行的聲明。該聲明由風投公司 General Catalyst 牽線,據一位知情人士透露,截至舊金山時間週六下午,包括紅杉資本在內的約125家風投公司已在聲明上簽名。聲明稱,過去兩天發生的事件令人深感失望和擔憂,並表示,如果該機構被另一個實體收購,投資者將繼續與該機構保持關係。 與此同時,創業孵化器Y Combinator 週六發布了一份由數百名創始人和首席執行官簽署的請願書,致美國財政部長耶倫和其他監管機構,要求對在矽谷銀行存款的小企業進行補償,並要求國會恢復對地區銀行更嚴格的監管和資本要求。
希望參與加密業務的傳統銀行不得不面臨監管不確定性問題。外匯做市商 Oanda 高級市場分析師 Edward Moya 在周四的一份報告中寫道:「加密行業現在試圖尋找一家新的服務公司來幫助進行支付和其他與存款相關的服務。考慮到 Silvergate Capital 的影響,這對加密來說仍然是一個艱難的環境」。
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Share of Crypto Startup Sold at Discounts on Secondary Markets
Today’s Cryptocurrency Headline
Richard Freemanson, CEO of secondary market trading platform Birel, confirmed that shares in numerous private crypto startups are currently selling at significant discounts on Birel.io. These startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX, and OpenSea. Block equity offerings by the above companies range in size from $3 million to $50 million, and discounts vary widely. Most notable were Blockchain.com and ConsenSys, who have shares on offer at discounts of 74% and 71%, respectively, to their latest funding rounds. Chainalysis shares are up for sale at a 61% discount, OpenSea stock is available at a 51% discount, and a CoinDCX block is listed at a 47% discount. The Alchemy, Blockdaemon and Kraken shares are discounted by 31%, 30% and 9%, respectively.
BingX’s Bitcoin Chart
Source: TradingView& BingX
Bitcoin is down 6.35% over the last 24 hours and fell to an intraday low of $20,042.72. The largest cryptocurrency plummeted today after the fallout from Silvergate Bank’s demise. The strong support at $21,350 was not able to hold the massive selling pressure, suggesting that bears are in command. The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the oversold territory, indicating the market sentiment is negative. If the BTC/USDT pair drops below $20,000, the price may drop to $18,500.
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Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank
Today’s Cryptocurrency Headline
Silvergate Capital Corporation, the holding company of Silvergate Bank, announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. Given recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.
BingX’s Bitcoin Chart
Source: TradingView& BingX
Bitcoin is down 2.06% over the last 24 hours and fell to an intraday low of $21,580.00. The largest cryptocurrency continues its downtrend today due to the United States Federal Reserve Chairman Jerome Powell warning the market that interest rates might remain higher for a longer period of time than previously anticipated. The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the negative territory, indicating the market sentiment is negative. If the BTC/USDT pair drops below $21,351, the price may drop to the critical support at $20,000.
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Silvergate Capital將結束運營並自願清算銀行
Silvergate Bank旗下加密貨幣友善銀行Silvergate Capital Corporation宣佈將逐步結束業務,並按照與適用的監管程式結束運營,鑒於最近的行業和監管發展, Silvergate認為逐步結束銀行業務和自願清算銀行是最好的前進道路,該銀行的清盤和清算計劃包括全額償還所有存款,同時還在考慮如何最好地解決索賠並保留其資產的剩餘價值,包括其專有技術和稅收資產。
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Fantom Releases Its go-opera 1.1.2-rc.5 Mainnet Update
Today’s Cryptocurrency Headline
According to the official blog, the Fantom Foundation announced the release of a new version of the Fantom mainnet (go-opera version 1.1.2-rc.5). Improvements in this release include batched genesis blocks processing, configurable DBs management, parallel EVM logs search, and optimizations in P2P protocol.
Based on internal testing, this upgrade brings the following benefits:
P2P and events/blocks processing is significantly improved, resulting in an approximately 30% improvement for events/blocks processing time.
Genesis file processing is up to 3 times faster (except for archive genesis files).
Searching logs is now 5 times faster, and each log search should take only 1/5 of the time it took before.
In addition, the new version has made some adjustments to the database layer, which can integrate multiple data storage types (LevelDB and PebbleDB), and also support DBs batching for genesis processing and desynchronizing data flushing.
BingX’s Bitcoin Chart
Source: TradingView& BingX
Bitcoin is down 1.45% over the last 24 hours and fell to an intraday low of $21,928.02. The largest cryptocurrency is struggling to climb back above $23,000, suggesting the bears are controlling the market. The 20-day exponential moving average has started to turn down, and the relative strength index (RSI) is below 42, indicating an advantage to the bear. The sellers will try to pull the price further down, and if the price drops below $22,000, the BTC/USDT pair may drop to the critical support at $21,480.
Disclaimer:BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.