• The Bitcoin price experienced a drastic downward movement in the early morning hours of March 3, causing it to drop to around $22,000.
• Over $62 million in long BTC positions were liquidated in a matter of hours.
• Investors should closely follow developments and adjust their investment decisions accordingly.

Overview of the Latest Developments

The Bitcoin price experienced a drastic downward movement in the early morning hours of March 3, causing it to drop to around $22,000 in a very short time. This confirmed one forecast in particular: namely the forecast that the Bitcoin course was about to make a directional decision. The cryptocurrency has trended about 4 percent weaker over the past 24 hours of trading, marking the biggest bitcoin sell-off so far this year. An event that many investors could not count on. Over $62 million in long BTC positions were liquidated in a matter of hours. This was the third liquidation cascade within the last 12 months: after the Terra crash and the FTX bankruptcy in 2022.

Forecasts are Difficult

Forecasts are extremely difficult. Some talk of a clear oversell, which should level off again. On the other hand: Negative funding rates currently give buyers an incentive for new entry into Bitcoin. A temporary price recovery is expected by many investors and positive signs on US stock markets shortly after this Bitcoin crash underline this scenario. Overall, it will remain uncertain what direction prices will take in coming weeks and months as analysts see both positives and negatives that can affect them.

Investing Tips

For new investors entering crypto market, buying shares instead of investing large amounts with whole Bitcoins is recommended as strategy for professional investors remains unchanged despite sudden movements or crashes like this one seen recently.. Investors should closely follow developments and adjust their investment decisions accordingly as per situation demands because things can change swiftly at any time due to ever changing market conditions caused by news related events or just general trends affecting prices either negatively or positively across different asset classes globally .

Fundamentals Remain Stable

Despite negative headlines surrounding recent price correction , fundamentals of bitcoin network remain stable as Network activity shows that hash rate measuring total computing power on proof-of-work network continues rising almost doubling since November 2021 although price has fallen significantly during same period . Number of active addresses on network has also increased .

ConclusionOverall , situation for bitcoin course will be uncertain over coming weeks and months requiring close attention from traders who must adapt quickly according to everchanging market conditions . Fundamentals however remain strong giving confidence its future prospects with various strategies available for each type investor depending upon risk profile helping overcome volatility seen lately .

• CryptoUnity is a cryptocurrency exchange that seeks to make it easier for beginners to navigate the crypto ecosystem.
• The CUT token powers the CryptoUnity ecosystem, providing holders with many different benefits and utility cases on the CryptoUnity platform.
• Users can benefit from lower fees, rewards and giveaways, as well as access further education and secure a spot in other legitimate ICO presales.

CryptoUnity Exchange

CryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange. The cryptocurrency exchange seeks to close the gap for beginners in the ecosystem by providing users with an user-friendly interface and comprehensive educational resources. CryptoUnity also implements cold wallets with NFC cards to provide its users with a secure way of storing funds, as well as partnerships with leading tech companies such as Lenovo. In addition, CryptoUnity has passed audits by QuilAudits and CertiK.

CUT Token

The CUT token is the utility token that powers the CryptoUnity ecosystem. It has a total supply of one billion tokens which provides holders with many different benefits and utility cases on the CryptoUnity platform such as lower fees, rewards, giveaways and access further education or securing spots in other legitimate ICO presales.

User Benefits

Users can benefit from various rewards offered through holding CUT tokens such as lower fees, rewards and giveaways, as well as access further education and secure a spot in other legitimate ICO presales.

Safety Features

CryptoUnity focuses on safety by implementing cold wallets with NFC cards which provides its users with a secure way of storing funds while also passing audits by QuilAudits and CertiK.

Partnerships

CryptoUnity’s partnership with Lenovo serves as an example of its commitment to transparency in business operations by demonstrating its high level of accountability .

• Gate Group announces the launch of its Visa debit card, to be run by its Lithuania-based subsidiary Gate Global UAB.
• The card will support crypto payments at more than 80 million merchant locations worldwide and feature a tracking and management app.
• This follows Visa’s strategic deal with crypto payments platform Wirex, although the company had paused all crypto-related deals due to market uncertainty and increased regulatory pressure.

Gate Group Announces New Visa Debit Card

The Gate Group has announced their plans for launching a new Visa debit card in Europe. The new venture, Gate Visa debit card, will be run via the company’s Lithuanian subsidiary Gate Global UAB and will be open to users within the European Economic Area (EEA).

Features of the Card

The Gate Visa debit card is designed to enable users to easily spend their cryptocurrencies at over 80 million merchant points globally. It also features a tracking and management app that allows users to monitor their cryptocurrency spending.

Visa Partnerships with Crypto Companies

This collaboration between Visa and Gate.io marks another partnership between a payments giant and a cryptocurrency focused company. In addition, this comes shortly after news reports that Visa had decided to pause all crypto-related deals due to market uncertainty and increased regulatory pressure. However, both companies have stated they are still pursuing their blockchain strategies despite this decision.

Goals of the Partnership

Dr. Lin Han, the founder & CEO of Gate Group commented on the launch of the new visa card stating it is one way of bridging crypto with everyday life as well as ensuring greater financial inclusion for its users. Cuy Sheffield, head of crypto at Visa also discussed how this partnership aims to bring more convenience when it comes to spending cryptocurrencies across different merchants worldwide by providing an easier method for users compared to traditional methods involving exchanges or wallets etc..

Conclusion

In conclusion, this latest collaboration between two giants in the payment industry signifies an important step towards greater adoption of cryptocurrencies across different parts of Europe as well as making it easier for people who want access these digital assets without having worry about complications such as exchange fees or wallet fees etc..

• Cerus Markets has just launched its Mobile Trading App Giveaway with a total prize of $10,000.
• The trading app allows traders to access derivatives that enable speculation on major global stocks, commodities and metals trading paired against currencies and crypto.
• To enter the giveaway, participants can visit cerus.app and sign up for the waitlist to download the app when it becomes available.

Cerus Markets Launches Mobile Trading App

Cerus Markets is excited to announce their upcoming release of their trading platform and Mobile Trading App! This revolutionary way of trading digital assets will allow traders to access derivatives that enable speculation on major global stocks, commodities and metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1.

$10,000 Cash Giveaway

To celebrate the launch of this new technology, Cerus Markets is offering a one-time cash giveaway worth a total of $10,000! Three lucky winners will be chosen at random upon signing up for the waitlist at cerus.app: first place wins $5,000; second place wins $3,000; third place wins $2,000.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority in Malaysia. They strive to provide market access for all levels of traders without charging any entry fees – users can access from their mobile device or web browser with as little as $50 per trade. Learn more about Cerus Markets at cerusmarkets.com

How To Participate

To register for the Giveaway and have a chance to win one of three cash prizes totaling $10K USD:

1) Visit cerus.app 2) Sign up for the waitlist 3) Download the trading app once it becomes available 4) Follow Ceru’s social media accounts (Telegram | Twitter | Instagram) 5) Cross your fingers!

Contact Information

For additional information or press inquiries please contact Marketing Director Veronica Imasheva at marketing@cerrusmarkets.com

• Amp price is on a bullish momentum, rising to its highest point since September 11 last year.
• On-chain metrics show that the number of people using and holding Amp was relatively negligible.
• A recent statement from New York’s attorney general noted that tokens like Amp, Luna, and RLY were securities under the Martin Act.

Amp Price Bullish Momentum

Amp token has been increasing in value recently, with its current price reaching the highest point since September 11 last year. This rise in price is despite the on-chain metrics showing that there are relatively few users or holders of the token.

New York Prosecution Lawsuit

Recently, New York prosecutors have filed a lawsuit against CoinEx for offering unregistered securities in their platform. The statement mentioned tokens like Amp, Luna, and RLY as being included in this case.

Analysis of Daily Chart

The daily chart shows that amp has made a strong recovery over the past few days, moving above key resistance levels at $0.0059 and $0.005 psychological levels. It has also moved above both 25-day and 50-day moving averages while oscillators such as RSI and MACD have kept rising. These gains are happening at a period of high volume, suggesting further upside potential to $0.008 level if support at $0.006 holds up well enough.

4H Chart Analysis

On the four-hour chart we see that amp has been in an overall bullish trend crossing several resistance points including those at $0.0053 and $0.0059 which were previously seen on Feb 8th and Jan 7th respectively . Oscillators such as RSI and MACD remain positive signaling further growth potential while support is seen at around 0$0$.006 level should it be breached then bearish outlook will be likely to emerge soon after .

Conclusion

Overall amp continues to remain bullish though there are some concerns regarding its lack of usage by users or holders which may act as barrier towards further growth potentials . Despite this analysts expect it may still reach an all time high when compared to previous highs with support seen at 0$0$.006 level should any unexpected dip occur .

• The cryptocurrency market rebounded in 2023 after a bearish market in 2022.
• Ethereum appeared to find strong support at $1000, and the daily chart showed a bullish reversal pattern.
• Ethereum may continue to rally on the short-term perspective as it formed an inverse head and shoulder pattern.

Cryptocurrency Market Rebound

The cryptocurrency market had experienced a bearish decline in 2022, but with Bitcoin leading the rebound in 2023, other cryptocurrencies such as Ethereum followed suit. Strength of the US dollar was one of the reasons investors fled from crypto, but other factors also contributed to what is known as the “crypto winter”.

Long-Term Perspective

On the monthly chart for ETH/USD, there was a strong support found at $1000 level. This is common for round numbers offering either support or resistance depending on its strength on larger timeframe like this one. With that being said, it is not surprising that Ethereum bounced from support when looking at it from a long-term perspective.

Medium-Term View

When looking at the daily chart for ETH/USD, there appears to be a bullish bias still present after consolidating above mentioned support level earlier and forming a contracting triangle which acted as a reversal pattern once price broke above its upper trendline.

Short-Term Outlook

From a short-term perspective, Ethereum seems to be forming what looks like pennant – which usually indicates another rally ahead – and an inverse head and shoulder pattern which could add further confidence in potential upcoming rally.

Conclusion

Ethereum has shown significant recovery since early 2021 with solid technical analysis conclusion drawn from long-term view providing strong support at $1000 down to medium and short term outlooks indicating potential upside movements in near future.

• Aave, a leading DeFi protocol, has deployed its GHO stablecoin on the Ethereum Goerli testnet.
• The mainnet launch of GHO is still pending approval from the Aave DAO through community proposals and voting.
• The launch of GHO will bring increased competition to MakerDAO’s DAI stablecoin and Curve’s crvUSD stablecoin.

Aave Deploys GHO Stablecoin on Ethereum’s Goerli Testnet

Leading crypto decentralized finance (DeFi) protocols, Aave, has successfully deployed its native stablecoin GHO on Ethereum’s Goerli testnet. Potential adopters and developers of the stablecoin can access the codebase and test how it works before being released to the general public on Ethereum.

Aave Governance Through Proposals & Voting

The launch of the GHO mainnet depends on community discussions and approval through the Aave DAO which is in charge of Aave governance through proposals and voting. The DeFi community has been eagerly awaiting for the GHO stablecoin launch since August 2020 when it was supported by the Aave community.

Stiff Competition From Maker’s DAI Stablecoin

Aave’s involvement with stablecoins means it will face stiff competition from rival DeFi protocols like Maker that have issued their own native stablecoins such as DAI. Currently, MakerDAO’s DAI stablecoin is one of the largest decentralized ones in circulation today. Curve is also developing its own crvUSD token too.

Advantage for Aave?

Despite this competition, however, Aave may have an advantage due to its top position in terms of total value locked (TVL) at $7.15 billion which could give it a jumpstart with its own project development compared to other established players in the space such as Maker or Curve.

Conclusion

In conclusion, while Aave has successfully deployed its native stable coin GHO on Ethereum’s Goerli test net ,the mainnet launch awaits approval from Aaves governance system via proposals and voting by users in their community . Additionally ,the release ofGHo into mainstream adoption presents new competition for existing popular Stable coins such as MakerDAOs Dai or Curve’s Crvusd . However ,due to their current market standings ,Aaves jump start with their project may give them an edge over these established projects .

• BNB Chain has released a whitepaper for its new blockchain, BNB Greenfield.
• The new blockchain will provide the infrastructure for a decentralized data economy, powered by BNB.
• Developers are working on a testnet expected over the next few months.

BNB Chain has announced the release of the Greenfield whitepaper, offering a new decentralized data ownership and storage network. The new blockchain-based Web3 data system will provide the infrastructure and ecosystem needed for a decentralized data economy. It will leverage smart contracts to facilitate easy storage and management of data, helping to power the future of Web3 innovation.

BNB Greenfield is designed to offer a new structural and economic paradigm for data in the Web3 era. The architecture of the blockchain is comprised of a storage-oriented blockchain (BNB Greenfield Core), decentralized applications system (BNB Greenfield dApps) and a cross-chain bridge on the BNB Chain. Each of these components will work together to provide an integrated, secure, and efficient data storage and usage platform.

To enable data storage and usage, BNB Greenfield will offer a distributed storage protocol and consensus mechanism. This will enable users to securely store and share data across multiple nodes, with the underlying blockchain providing a secure, immutable record of all transactions. Additionally, the underlying consensus protocol will ensure that all transactions are recorded, validated, and stored in a secure and efficient manner.

The underlying infrastructure of BNB Greenfield will also enable developers to create decentralized applications (dApps) that are powered by the blockchain. These will include applications for data management, data sharing, and data monetization. Developers will be able to create these applications using the BNB Chain SDK, which will provide a comprehensive suite of tools and libraries for developing dApps.

In addition to the underlying infrastructure, BNB Chain has also announced a testnet for BNB Greenfield. This will enable developers to test and experiment with the new platform, helping to ensure that it is secure and reliable before it is released for mainnet use.

Overall, BNB Greenfield promises to provide a secure, efficient, and user-friendly platform for a decentralized data economy. With its underlying infrastructure, developer tools, and testnet, it is well-positioned to become a key player in the Web3 space.

• Primex Finance has rolled out a major update to its application with the launch of Beta 0.3.0.
• Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities.
• Early Users of the program are granted privileged access to all major protocol updates in the future, as well as direct communication with the Primex team and exclusive prizes.

Primex Finance, a cross-chain prime brokerage protocol, has launched its major update to its application, Beta 0.3.0. This new release is available in two stages, with Phase 1 being exclusively available for Primex Early Users, giving them the chance to have a hands-on experience with the update. From now on, Early Users will receive privileged access to all future protocol updates, along with direct communication with the Primex team and the opportunity to participate in private challenges and earn exclusive prizes.

Beta 0.3.0 introduces four new core features. Firstly, Primex now deploys to two new blockchains – the Polygon Mumbai and Polygon zkEVM testnets – allowing users to test the platform by trading and lending digital assets, as well as by participating in liquidity pools and staking. Secondly, Primex has now enabled the transfer of assets between different blockchains, allowing users to securely move their digital assets between different networks with ease. Thirdly, Primex now supports a variety of different order types, including limit, market, and stop orders. Finally, Primex has implemented an improved UI/UX design, allowing users to have a more intuitive and user-friendly experience.

In addition to the new features, Beta 0.3.0 also includes several improvements and fixes to existing functionalities. These include an improved fee structure, an updated collateral system, and a more secure and reliable data synchronization. Furthermore, the Primex team has also implemented a better security system, as well as measures to improve the platform’s privacy and data protection.

On January 18th, 2023, Primex Finance is opening access for the public to Beta 0.3.0, allowing anyone to launch the application and test the new release without restrictions. With this update, Primex Finance is taking a major step towards becoming the best cross-chain prime brokerage protocol in the industry.

• The SEC has filed 127 crypto-related enforcement actions since 2013.
• Of these, 82 were litigations and 45 were administrative proceedings.
• The monetary penalties across the settlements with the regulator reached $2.61 billion by the end of last year.

The US Securities and Exchange Commission (SEC) has been tightening its grip on the crypto industry for the past several years, with the aim of protecting investors from potential fraud and other dubious activities. Since July 2013, the agency has brought 127 such actions, with 30 of these in 2022 representing a 50% increase from 2021. The monetary penalties across the settlements with the regulator reached $2.61 billion by the end of last year.

The SEC’s first crypto-related enforcement action was in July 2013, when it charged Trendon T. Shavers, the operator of an alleged Ponzi scheme related to Bitcoin. Since then, the regulatory watchdog has gone on to bring charges against a wide range of crypto-related companies, including those that have been accused of running Ponzi schemes, market manipulation, and fraudulent ICOs.

One of the most recent cases is the high-profile charges against former FTX CEO and founder Sam Bankman-Fried, who was arrested following the exchange’s collapse. Also charged were Alameda’s Caroline Ellison and FTX’s Gary Wang. The SEC also filed charges against crypto platforms Gemini and Genesis.

The increased regulatory scrutiny has had a profound impact on the crypto industry, with many exchanges and other companies facing heavy fines for failing to comply with the SEC’s regulations. According to a recent report by Cornerstone Research, the total monetary penalties across the settlements with the regulator reached $2.61 billion by the end of last year.

The SEC’s enforcement actions have been met with some criticism, with some accusing the regulator of “regulation by enforcement”. However, the agency has maintained that its primary goal is to protect investors from potential fraud and other dubious activities in the crypto space.

The agency has also been pushing for greater regulatory clarity in the crypto space, and has recently proposed a new set of rules that would make it easier for crypto companies to register with the SEC. The SEC is also working on a new set of guidelines for crypto exchanges and other companies to follow, thus ensuring that they are compliant with the law.

It remains to be seen how the SEC’s increased enforcement actions will impact the crypto industry in the long run, but it is clear that the agency is taking a more active role in the space. With the increasing number of enforcement actions, the SEC is likely to continue to be a major force in the crypto space for the foreseeable future.