Hello and welcome to ALPEX Global’s weekly newsletter. In our weekly newsletter, we cover the latest news and developments in the world of cryptocurrencies and blockchain.

ALPEX Global provides a high level of security for its platform of digital assets, which facilitates spot and derivatives trading, OTC, Launchpad, digital forex, and digital stocks. Our vision is to create the most trusted entity in the industry, offering various services such as a trading platform, an educational ALPEX Academy, and an APX Utility token. The ALPEX Global Platform is planning to launch its own token, APX. Tokens will be used to build an ecosystem consisting of a DAO, an academy, a wallet, a mining pool, information, and investments. During the next phase of ALPEX’s development, the focus will be on ecology. As APX integrates vigorously into the crypto industry, it will play a crucial role in connecting the entire ecosystem.

· Resolved the issue where users received an error message when they clicked on the Register Now button on the login page.

· The problem of no error prompt appearing when the wrong mobile phone number was entered and clicked the login button has been solved.

· A fix was applied to the problem that when you enter a verification code on the password recovery page, you are prompted to obtain that verification code first.

· We resolved the problem that when the email registration page was empty, there would not be a prompt asking you to enter the email verification code if you click Register Now.

· Coinbase Global’s disappointing first-quarter earnings report — in which the U.S.’s largest cryptocurrency exchange posted a quarterly profit of $430 million and a 19% drop in monthly users, contains an update on the risks associated with using Coinbase, which is likely to come as a shock to its millions of users.

Furthermore, according to Coinbase, users may also lose all cryptocurrency stored in their accounts if Coinbase goes bankrupt. The company said in its earnings report on Tuesday that, on behalf of its customers, it holds $256 billion in both fiat currencies and cryptocurrencies. Even so, the exchange stated that in the event it ever declared bankruptcy, “the crypto assets we hold for our customers may be subject to bankruptcy proceedings.”

· A new application called “Digital Collectibles” is tested by Instagram and uses non-fungible tokens (NFTs). Collectibles such as art, images, videos, music, and trading cards are included. A stated objective is to “bring NFTs to a broader audience.” It appears that “Similar functionality” is also coming to Facebook.

· A Belgian museum tokenized a million-euro artwork so that it could be owned fractionally. Royal Museum of Fine Arts Antwerp (KMSKA) in Belgium is collaborating with two blockchain companies in an effort to tokenize Carnaval de Binche, a million-euro oil painting by Belgian artist James Ensor, so that anyone can share ownership of it. Rubey and Tokeny have partnered with the museum to tokenize the masterpiece on the Polygon (MATIC) blockchain, which uses Tokeny’s ERC-3643-based security token, a standard for permissioned tokens.

Terra’s ecosystem devolved last week when UST lost its peg and LUNA essentially ceased to exist. As a result, the entire market is down approximately $500 billion. This was the most eventful week in many months, but, unfortunately, the loss of $500 billion from the total cryptocurrency market capitalization.

The value of LUNA is zero. In addition, exchanges have delisted most trading pairs associated with both cryptocurrencies, wiping away billions from the market. In the past, Luna Foundation Guard purchased up to $1.5 billion in Bitcoins for its reserves, an amount that has now been exhausted. This event pulled the entire market down. As a consequence, $500 billion was erased from the market capitalization. Bitcoin’s price fell below $26,000 on some exchanges, which hasn’t happened since December 2020.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

Blackrock, the world’s largest asset manager and hedge fund giant Citadel Securities, have denied any involvement in the decline in terrausd (UST) and terra (LUNA). Additionally, the cryptocurrency exchange Gemini has denied making a bitcoin loan that led to the collapse of Terra.

There have been rumors that Blackrock, Citadel Securities, and Gemini were involved in the collapse of Terra (LUNA) after terrausd (UST) lost its peg to the U.S. dollar this week. The three companies have denied the allegations.

This concludes our weekly newsletter. Thank you for taking the time to read our weekly newsletter. Please stay tuned for more exciting and important update next week — as we will provide you with even more insightful content.

Follow us on Discord , Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — May Week 3 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello and welcome to ALPEX Global’s weekly newsletter. In our weekly newsletter, we cover the latest news and developments in the world of cryptocurrencies and blockchain.

ALPEX Global provides a high level of security for its platform of digital assets, which facilitates spot and derivatives trading, OTC, Launchpad, digital forex, and digital stocks. Our vision is to create the most trusted entity in the industry, offering various services such as a trading platform, an educational ALPEX Academy, and an APX Utility token. The ALPEX Global Platform is planning to launch its own token, APX. Tokens will be used to build an ecosystem consisting of a DAO, an academy, a wallet, a mining pool, information, and investments. During the next phase of ALPEX’s development, the focus will be on ecology. As APX integrates vigorously into the crypto industry, it will play a crucial role in connecting the entire ecosystem.

· Our technical team has resolved the issue whereby when the user clicks the banner, the hyperlink in the corresponding language cannot be accessed.

· Fixed the issue where when the user clicks the asset overview page, the denomination currency cannot be unified into USDT.

· We have resolved the issue wherein users attempting to trade in ETH/USDT spot would crash and exit directly to the main interface.

· Crypto.com has restarted its stake-rewards program. In a statement, Crypto.com’s CEO Kris Marszalek said the firm would continue to offer staking rewards to its card users each day despite eliminating the reward program. The decision sparked a backlash among community members who used social media sites like Reddit and Twitter. The majority of comments were critical and negative, while Crypto.com’s native CRO tokens fell by as much as 11% in the hours following the announcement. Crypto.com has since reversed its decision to eliminate stake rewards, where cardholders used to lock up CRO for 180 days to earn yields.

· Goldman Sachs, one of the largest global investment banks, recently opened the world’s first loan facility backed by bitcoin. Goldman Sachs was attracted to the transaction because of its risk management framework and 24-hour availability. A year ago, Goldman Sachs began trading bitcoin derivatives, and in March 2022, it conducted its first OTC crypto transaction. There is increasing evidence that Wall Street is warming to crypto, and that mainstream adoption is imminent.

· Bored Ape Yacht Club’s NFTs have raised more than $320 million in cryptocurrency by selling 55,000 plots of virtual land through its metaverse. Virtual real estate purchases were reported to have been so intense that they crashed the Ethereum network and sent fees on the blockchain system skyrocketing. The land sale offered buyers the opportunity to purchase a plot in the Otherside Metaverse for approximately $5,800, plus transaction costs. It is believed that this was the largest virtual land sale of its kind, according to Bloomberg, which calculated the total proceeds at $320 million. Reuters estimated that the amount was closer to $285 million, based on the price of ApeCoin.

Cryptocurrency market capitalization has fallen to its lowest level in ten months. Over the weekend, an additional $130 billion left the space, resulting in a market capitalization decline to $1.62 trillion. This is the lowest level since mid-August.

Bitcoin (BTC) and Ethereum (ETH) are the top losers during the Asian trading session on Monday. Researching last week’s data shows that Bitcoin is down another 3.1% to $33,486, and Ethereum is down 4.2% to $2,443, its lowest price since January.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

The Luna Foundation Guard (LFG) is in the process of purchasing bitcoins (BTC) since announcing plans to hold $10 billion in BTC reserves for Terra USD. The LFG announced in February that it had created a reserve in BTC denominated in US dollars. UST is pegged to the USD, and the mechanism for peg involves issuing and burning Luna tokens.

In addition, when the price of UST (Terra USD) is above $1, users can mint UST by burning Luna. The burning of LUNA reduces the supply of LUNA, which increases its value of Luna

LFG has made efforts to purchase BTC in order to reach its $10 billion BTC reserve goal. A new major purchase was announced by the LFG last week. We will keep you informed as further developments unfold.

This concludes our weekly newsletter. Thank you for taking the time to read our weekly newsletter. Please stay tuned for more exciting and important update next week — as we will provide you with even more insightful content.

Follow us on Discord , Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — May Week 2 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello and welcome to ALPEX Global’s weekly newsletter. In our weekly newsletter, we cover the latest news and developments in the world of cryptocurrencies and blockchain.

ALPEX Global provides a high level of security for its platform of digital assets, which facilitates spot and derivatives trading, OTC, Launchpad, digital forex, and digital stocks. Our vision is to create the most trusted entity in the industry, offering various services such as a trading platform, an educational ALPEX Academy, and an APX Utility token. The ALPEX Global Platform is planning to launch its own token, APX. Tokens will be used to build an ecosystem consisting of a DAO, an academy, a wallet, a mining pool, information, and investments. During the next phase of ALPEX’s development, the focus will be on ecology. As APX integrates vigorously into the crypto industry, it will play a crucial role in connecting the entire ecosystem.

· Resolved an issue with the verification center being unable to send the verification code in accordance with the area code of the request.

· We have resolved the issue where the Chinese interface for modifying mailboxes, mobile phones, login passwords, and fund passwords is in English.

· We have resolved the issue where the user’s email address does not exist or the verification code cannot be accepted when clicking on the verification code during email registration.

· Cryptocurrencies perform better than cryptocurrency stocks. In terms of trading volume, Coinbase is down 40% so far this year; TeraWulf, Marathon Digital, and Riot Blockchain are all down sharply. Cryptocurrency prices have fallen recently even though millions of people now trade bitcoin, ether, and other digital assets. For example, bitcoin is down 11% so far this year. Ethereum is down 16%.

· Twitter Inc. and Stripe Inc. announced on Friday they will begin testing cryptocurrency pay-outs for users of the social media site’s content monetization products. Twitter’s Ticketed Spaces and Super Follows program participants will have the option of receiving their earnings in USD coins. A USD coin is a stable coin whose value is tied to the U.S. dollar.

Coinbase launches the NFT marketplace in beta and plans to expand beyond Ethereum. Furthermore, beta testers will be able to create an account on Coinbase NFT and begin buying and selling NFTs.

The crypto market cap declined by 3.93% to $1.77 trillion, as investors shied away from risky assets amid a more hawkish outlook for Federal Reserve policy tightening.

The largest cryptocurrency has fallen more than 20% from its high price of last month, down 3.2% to $38,236, its lowest level since 15 March. Ether, the second largest cryptocurrency, dropped to $2,799, the lowest level since March 18.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

Grayscale’s Bitcoin Trust has been trading at a massive discount in recent months amid speculations and uncertainty in the market. At the time of writing, the GBTC fund traded at a discount of 23.29%.

Grayscale has made a new attempt to win approval for its crypto investment vehicle from a US securities watchdog so that it can be traded on major Wall Street exchanges. As part of its application with the Securities and Exchange Commission to convert its $40 billion Bitcoin Trust into an exchange traded fund, the asset manager focused on a legal aspect, according to a letter sent to the regulator.

In the meantime, the Securities and Exchange Commission’s relationship with applicants is continuing to take interesting turns. However, the result remains: an indefinite delay. Investment vehicles that track the performance of specific assets or groups of assets are called exchange-traded funds, or ETFs. ETFs enable investors to diversify their portfolios efficiently without having to directly own the assets. Unlike its counterpart, a spot ETH involves owning a cryptocurrency.

Due to speculation and uncertainty in the market, Grayscale’s Bitcoin Trust has been trading at a steep discount for the past few months. At present, GBTC is trading at a discount of 23.29%.

This concludes our weekly newsletter. Thank you for taking the time to read our weekly newsletter. Please stay tuned for more exciting and important update next week — as we will provide you with even more insightful content.

Follow us on Discord , Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — April Week 4 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

The billionaire and Bitcoin advocate, Ricardo Salinas, believes that the growth of Bitcoin is inevitable, but its future is dependent on how quick and cheap transactions can be. North Korean hackers target gamers in a $615 million crypto heist. The latest edition of the newsletter includes all of these stories and more.

Ricardo Salinas, founder, and chairman of Grupo Salinas, shared his thoughts about the legalization of bitcoin in Mexico at the Bitcoin 2022 Conference in Miami, Florida. In fact, Salinas has experienced firsthand the highs and lows of the Bitcoin (BTC) market since its $200 days and has learned a few things along the way.

Salinas began his day as a panelist on the main stage of the Miami Beach Convention Center alongside fellow billionaires Orlando Bravo, Marcelo Claure, and Dan Tapiero. A discussion titled “Bitcoin Billionaire Capital Allocators” revealed that 60% of Salinas’ portfolio consists of Bitcoin investments, while the remaining 40% consists of oil and gas investments.

In conclusion, he noted that Bitcoiners remain a small percentage of the total population and that there is still a long way to go before Bitcoin is widely accepted. Further, he reminded viewers that no matter a person’s age, the most significant quality an investor can possess is curiosity and a willingness to continuously learn.

In other news, the crypto entrepreneur who paid $2.9m for NFT of Jack Dorsey’s first tweet is set to lose almost that amount. An entrepreneur in the cryptocurrency space, Sina Estavi, made headlines in March 2021 by paying $2.9m for the NFT of Twitter CEO Jack Dorsey’s first tweet. However, his efforts to resell it have failed, with a top bid of only $6,800 on Thursday.

At the time, it was at the top of the list of the most expensive purchases of a non-fungible token, or NFT, and came amid a flurry of interest in the niche assets. Estavi listed the tweet for resale on the popular NFT marketplace OpenSea last week, initially asking for $48 million. The price tag was removed after offers in the first week were in the low hundreds of dollars. The highest bid as of Thursday was 2.2 ethers, which is approximately $6,800.

US authorities have linked North Korea-backed hackers to a massive cryptocurrency theft last month from players of the popular online game Axie Infinity worth $615 million (£469 million). By playing the game or trading their avatars, players can earn cryptocurrency.

Among the largest hacks in the history of cryptocurrency, this one is likely to rank among the top. It has been determined that the breach is linked to a group called Lazarus, believed to be controlled by North Korea’s primary intelligence bureau. During our investigations, we determined Lazarus Group and APT38, cyber actors associated with [North Korea], were responsible for the theft, the FBI said in a statement on Thursday. The Lazarus Group was notorious in 2014 for allegedly hacking Sony Pictures and releasing confidential data to the public.

Cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and Binance have been quiet during the holiday week. Global cryptocurrency market capitalization fell by 1.29% over the past day to $1.85 trillion.

The total cryptocurrency market volume over the last 24 hours increased by 21.75 percent to $60.62 billion, according to CoinMarketCap data. A total of $7.l7 billion was transacted on Defi during the 24-hour period, which represents 11.82% of the overall volume of the crypto market. Stable coin volume was $49.53 billion, which represents 81.71% of the total 24-hour volume of a cryptocurrency.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

A recent report indicates that Germany is one of the most crypto-friendly countries. In the first quarter, the country passed Singapore

According to the company’s first-quarter 2022 report, 46 countries were evaluated based on a range of factors, including newly added categories such as the number of initial coin offerings (ICOs) in each country, the prevalence of fraud cases, and the availability of crypto courses at top educational institutions.

As a result of an upgrade last month, crypto exchange KuCoin reported that 16% of Germans between the ages of 18 and 60 own cryptos or have traded them in the past six months. In the next six months, 41 percent of those investors plan to increase their investments in the space.

The German magazine Capital first reported in December that the country’s savings banks, which hold more than 1 trillion euros, were exploring the possibility of offering a wallet to trade cryptocurrencies. The Coincub report referred to the decision as a “groundbreaking” development that indicates a higher level of institutional acceptance of cryptocurrency.

The German stock market operator Deutsche Boerse has also listed more than 20 crypto exchange-traded products (ETPs) on its digital exchange, Xetra, in recent months. Several fund issuers have recently listed products in the country, including WisdomTree, CoinShares, and 21Shares.

This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.

Follow us on Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — April Week 3 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bank of America warns of an impending “recession shock”. Global coffee giant Starbucks plans to enter the NFT market. OpenSea customers will soon be able to make payments via credit or debit cards without the use of cryptocurrency. All this and more are included in this week’s newsletter.

According to Bank of America strategists in a weekly research note, the macro-economic picture is deteriorating rapidly and may push the U.S. economy into recession as the Federal Reserve tightens monetary policy to control inflation. The inflation shock is worsening, the rate shock is just beginning, and the recession shock is on its way. Bank of America Chief Investment Strategist Michael Hartnett wrote in a note to clients. He added that in this scenario, cash, volatility, commodities, and cryptocurrencies could outperform bonds and stocks.

As it confronts inflation running at a four-decade high, the Federal Reserve indicated on Wednesday that it will likely start shrinking its $9 trillion balance sheet during its meeting in early May, and at a pace nearly twice as rapid as it did in its previous “quantitative tightening” exercise.

By the end of the year, Starbucks, an American multinational chain of coffeehouses, plans to enter the non-fungible token (NFT) business. In a blog post, Starbucks confirmed NFT plans, saying that it is among the company’s plans “in the works.” Billionaire businessman Howard Schultz, who has returned to Starbucks as interim CEO, revealed the news during an Open Forum on Monday.

The announcement comes as the company faces a variety of challenges, including dissatisfaction among some employees, higher prices due to rising inflation, and growing competition in its key China market.

Customers on OpenSea, one of the world’s most popular marketplaces for non-fungible tokens, will soon be able to pay for NFTs with their credit cards, debit cards, or Apple Pay without having any cryptocurrency. MoonPay, a fintech company that builds payment infrastructures in the crypto space, announced the news on Friday morning. It is also MoonPay that has facilitated the purchase of Bored Ape NFT by so many celebrities.

This move is likely intended to attract more mainstream buyers, similar to the strategy taken by NBA Top Shot when it was hot one year ago. In addition, the announcement comes at a busy time for OpenSea, which has made its fair share of crypto headlines in recent months.

The NFT marketplace also confirmed this week that it will begin listing Solana NFTs this month. The exact date is not yet known when OpenSea will begin listing Solana NFTs in April, but the NFT marketplace tweeted a short teaser video in which it described the announcement as one of the most well-kept secrets in Web3.

Finally, Georgia is preparing to regulate its crypto market. According to Koba Gvenetadze, Governor of the National Bank of Georgia, this regulation has already been drafted following the specifications established by international agencies.

While bitcoin and other cryptocurrencies were steady or even rose slightly on Friday, the digital asset space remains under similar pressure to the stock market as investors grapple with a shift in U.S. monetary policy.

The leading cryptocurrency, Bitcoin, is up less than 1% in the past 24 hours, holding at around $43,500, the level it has maintained since Thursday. After having been above $45,000 for the first time since January in a rally more than a week ago, it plunged below that level on Wednesday. On a technical basis, bitcoin rejected the 200-day moving average on March 28 — around $48250 at the time — and this is likely to limit its advance in the short term, according to Nicholas Cawley, a strategist at broker DailyFX.

“We have identified two major areas of support, $42,000 and $39,600,” Cawley noted. “These must remain in place to prevent further declines.” A trading range will likely be established with the 200-day moving average capping the upside.”

Bitcoin’s smaller peer, ether, was also slightly higher following a recent decline, rising less than 2% to $3,300. As we begin a new week, the token supporting Ethereum’s blockchain network was trading above $3,500.

Similar price movements were seen in smaller cryptos, or “altcoins,” with Solana’s rise being 2%, Cardano’s rising less than 1%, and UniSwap’s up 2%. Dogecoin and Shiba Inu, which were originally intended to be internet jokes and not significant blockchain projects, also rose slightly, as dogecoin ticked up almost 2% and Shiba Inu was almost 1% higher.

The recent weakness in digital assets has largely mirrored similar trends observed in the stock market. Even though Bitcoin and other digital assets are supposed to trade independently of mainstream financial markets, they have shown a correlation with other risky assets such as technology stocks.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

According to the Financial Times, Meta is considering introducing virtual tokens and cryptocurrencies. As reported, the social media giant plans to use these digital assets to reward creators and provide lending and other financial services.

Meta’s plan is currently in its infancy. A move like this is taking place at a time when the company is focusing its services on the metaverse — a virtual platform where people can interact, work and play. Reuters reports that the tokens could be a new source of revenue for Meta and will give it control over transactions in its apps and services. These include Facebook, Instagram, WhatsApp, and Meta Quest, a virtual reality platform. Financial Times reported that Meta’s cryptocurrencies — internally referred to as “Zuck Bucks” — may not run on blockchain technology and are intended to be used in the metaverse. It was also reported that an in-app token controlled by Meta could be introduced. According to the report, these tokens may be used to reward creators or to pay favorite creators.

As a spokesperson for Meta told Reuters, the company is primarily focused on building for the metaverse, including financial services and non-fungible tokens (NFTs). Mark Zuckerberg, the CEO of the company, announced last month that NFTs would be introduced soon.

This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.

Follow us on Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — April Week 2 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

While digital currency donations continue to pour into Ukraine, the country legalizes the crypto sector. Elon Musk says he will not sell his crypto holdings. The price of bitcoin has increased. We have these stories and more in this week’s newsletter.

As we begin our newsletter, Ukraine has passed a law that establishes a legal framework for the cryptocurrency industry in the nation. According to the country’s Ministry of Digital Transformation, this law, which was approved by Ukraine’s parliament last month and signed into law by President Volodymyr Zelenskyy on Wednesday, will allow foreign and Ukrainian cryptocurrency exchanges to operate legally.

In the “virtual assets” law, the legal status, classification, and ownership of virtual assets are regulated. In addition, virtual assets will be subject to financial monitoring. The Ukrainian Securities and Stock Exchange Commission will oversee the market. It will have responsibility for areas such as issuing licenses to crypto businesses and implementing state policy.

Ukraine began accepting donations via digital currencies like bitcoin and ether for its military defense against Russia last month. According to Elliptic, a blockchain analytics firm, it has since expanded the number of cryptocurrencies it accepts for donations and has raised more than $63 million so far.

The Ukrainian government has launched an official website where people from around the world may donate via cryptocurrencies. These funds will be used to support Ukraine’s military and humanitarian efforts.

The popular Ethereum wallet “MetaMask” has officially launched its own token, as confirmed by Consensys CEO Joseph Lubin. It is also reported that the team will establish a decentralized autonomous organization (DAO) to finance the wallet’s growth. MetaMask competes with other self-custodial wallets such as MyEtherWallet and Coinbase Wallet for interaction with the web 3. Individuals and institutions can use the wallet to access Ethereum and other smart contract chains for such purposes as minting NFTs and accessing Defi, for example.

The DAO concept is typically conceived as an alternative governance model (compared to more hierarchical corporations) however, MetaMask’s DAO will not dictate the project’s growth. Rather, it is intended to serve as a funding mechanism, as numerous donation-oriented DAOs have done in the past. Aside from that, little information was provided regarding the DAO.

Recently, MetaMask has experienced tremendous growth, surpassing over 30 million active monthly users. This is an increase of over 40% from November when the company behind it — ConsenSys — was only half of its current value. The wallet was recently involved in some controversy after temporarily censoring Venezuelan transactions, due to the fact that the Node it routes — Infura — is required to limit transactions from certain regions. The issue has since been addressed.

In other news — Several cryptocurrencies, including Dogecoin, Bitcoin, and Ether, briefly spiked last Monday following Tesla CEO Elon Musk’s tweet that he still owns the cryptocurrencies and will not sell them.

The Dogecoin price rose 3.9% to $0.11, according to CoinDesk, before falling 1.2% in early morning trading. Initially, Bitcoin, the world’s largest cryptocurrency, rose by 3.4%. It is currently up 0.2%. The Ethereum token, which underpins the Ethereum blockchain, increased by 0.3%.

“For those looking for advice from this thread, as a general principle, it is generally better to own physical things like a home or stock in companies that you believe make excellent products rather than dollars when inflation is high,” tweeted Musk — “I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.”

In the last week, several leading cryptocurrencies gained more than 10%, with tokens that are linked to leading Layer-1 networks such as Ethereum, Solana, Cardano, and Avalanche posting some of the highest gains.

Ethereum posted a seven-day growth of 12.6%, double that of Bitcoin. Bitcoin is up about 6% over the same period. The world’s second-most popular cryptocurrency is currently trading just above $2,900.

Avalanche has experienced the greatest growth spurt among the top 20 cryptocurrencies by market capitalization. Before the beginning of the week, the Ethereum rival had risen nearly 30% to $90.97. Although the price is still 37.5% below its previous all-time high of $146.22, set four months ago, it is the biggest gain in leading cryptos in the last seven days.

The other smart contract-enabled rivals in the top 10 are Solana and Cardano, which are up by nearly 11% and 12% respectively. Solana’s price stood at $90.10, while Cardano’s was $0.89.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

SushiSwap has launched a proposal titled “Sushi Legal Structure” to create an association or foundation to reduce future risks. SushiDAO will thus provide legal clarity regarding the rights and obligations of token holders and contributors, in addition to creating an entity that will manage SushiDAO. There is a community initiative to establish DAO entities in multiple jurisdictions, with the Swiss Association Act currently being the most popular option.

As the Federal Reserve increases interest rates, billionaire cryptocurrency investor Michael Novogratz says bitcoin is unlikely to rally in a big way. He also says investors are now reassessing the risks and consequences of the Russia-Ukraine war, while the Fed is preparing to raise interest rates. Previously, he had predicted that the price of bitcoin would range from $30,000 to $50,000 in 2022.

This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.

Follow us on Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — March Week 3 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

While Airbnb continues to focus on providing free housing to 100,000 Ukrainian refugees, the company is planning to support cryptocurrency. Gavin Wood, the founder of Polkadot, donated $5 million in DOT to Ukraine. Find out more in this week’s newsletter.

Starting off with — Airbnb confirms that it is interested in supporting cryptocurrency in our first newsletter. Airbnb has also offered to house up to 100,000 Ukrainian refugees. An estimated four million people may try to flee Ukraine due to the Russian invasion, according to the European Union. Airbnb’s CEO, Brian Chesky, spoke with the media Tuesday about cryptocurrency and the company’s efforts to aid Ukrainian refugees. According to its website, Airbnb has approximately 6 million active listings worldwide with over 4 million hosts. Airbnb has listings in approximately 100,000 cities and towns.

Airbnb has been considering cryptocurrency for a considerable period of time. Blockchain and cryptocurrencies were listed as some of the technologies the firm is considering in its prospectus filed with the Securities and Exchange Commission (SEC) in November last year.

Another development is that Gavin Wood, the founder of Polkadot, recently donated $5 million worth of DOT to support Ukraine’s defense against the military aggression of Russia. The founder agreed to provide the funds so long as Ukraine provided a publicly available DOT address, which it has now done.

As a result of Russia’s invasion of the country, Ukraine took to Twitter on February 26th to appeal for help through crypto donations from the international community. At the time, the country provided a public Bitcoin and Ethereum address to accept Bitcoin (BTC), Ether (ETH), and Tether (USDT).

Gavin Wood presented a proposal to their account manager the following day. He would donate $5 million worth of Polkadot to their cause if they supplied a public Polkadot address. The Polkadot platform is an open-source platform for connecting assets from different blockchains. It was founded in 2016, and its native cryptocurrency, DOT, is currently the 11th largest in terms of market capitalization.

EBay, an American multinational e-commerce giant, plans to integrate cryptocurrency payments. In a recent interview, Jamie Iannone stated that the firm might leap very soon. eBay is primarily interested in capturing millennials and GenZ audiences. The company is one of the oldest in the online marketplace industry. It was established in 1995. In an exclusive interview with renowned media, Iannone indicated that the official announcement for the much-anticipated crypto integration platform may take place on March 10. A spokesperson for the company stated that the marketplace will become a go-to place for millennials and Gen-Z.

The eBay platform has so far been enabled with Google Pay and Apple Pay. It has also partnered with a fintech company, Afterpay in Australia, “which is a platform that appeals to Generation Z,” Iannone said, hinting that now may be the best time to evaluate other forms of payment. Additionally, the founder expressed an interest in exploring new opportunities.

Although eBay has not yet rolled out the crypto payments feature, it placed significant bets on the burgeoning NFT sector in May of last year. It has been reported that the company has enabled the sale of non-fungible tokens on its platform. Only whitelisted sellers were permitted to list and sell NFTs.

It was not only eBay that interfaced with emerging technologies such as NFTs and blockchains. Last year, PayPal and JD.com, a Chinese e-commerce firm, also entered the NFT market.

Every day, ALPEX Global provides market wrap — following analyses are based on keeping an eye on the markets and what we anticipate.

Throughout this week, BTC’s price fluctuated between US$45,000 and US$38,000. The value of the ruble is falling in Russia, and the upcoming Fed interest rate hike seems to be spooking investors. A see-saw week in the crypto markets has ended with a steep decline that saw the price of Bitcoin (BTC) rise just 4% for the week following a strong start that saw BTC jump 15% in 12 hours.

BTC’s price increased by almost 20% on Monday to $45,000, a three-week high. The increase is attributed to speculation that Russians will turn to cryptocurrencies as a result of financial sanctions and a falling ruble.

BTC and other digital assets were predicted to be successful in this environment, and this was not unfounded. Rubble-denominated Bitcoin volumes reached a new all-time high in Russia on Tuesday. The spike in volumes is attributed to the decision by the EU, Japan, the United States, and the United Kingdom to disconnect numerous major Russian banks from the SWIFT interbank messaging service. SWIFT facilitates most of the world’s cross-border payments between banks in different countries.

Parallel to the rise in the price of Bitcoin in Russia, the ruble’s value against the dollar has plummeted. At the beginning of February, 1 US dollar was worth 77 RUB. Now, 1 US dollar is worth 124 RUB. Russian citizens have suffered a 61% decline in purchasing power as a result of this decline in value.

During the current geopolitical storm, many Russians have turned to BTC as a safe haven. A Bitcoin alternative was created as a response to global citizens who had been failed by their governments, central banks, and private banks. As a result of its decentralized, permissionless, and censorship-resistant architecture, it can be used practically regardless of global political conditions.

The situation in Russia with its fiat currency serves to illustrate both the inherent value and the utility of bitcoin. BTC may be utilized by both the ultra-wealthy and the general public in Russia to circumvent banking sanctions and protect against a weak local currency. In the second half of last week, excitement regarding BTC’s utility in Russia began to wane. On Tuesday, Bitcoin was trading near US$45,000, but on Sunday, it was trading close to US$38,000. This drop demonstrates the volatility of digital assets and the fickle nature of investors.

• Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

The digital RMB has the potential to replace SWIFT. Zhang Jingwei, a guest researcher at Chongyang Institute of Finance of Renmin University of China, points out that the digital RMB can replace SWIFT by avoiding interference in finance and trade at the political level through digital means in addition to a simplified authentication process, fewer intermediate links, and low transaction costs. As a means of creating a truly neutral international settlement system, the digital RMB can contribute to the construction of a new global financial system infrastructure.

Chicago Mercantile Exchange will offer micro Bitcoin and Ether options. The new micro options contracts will be one-tenth the size of the respective base specifications for Bitcoin and Ether and are designed to provide more trading options to a wider range of market participants, including both institutional and retail investors. Currently, they are awaiting regulatory approval before they launch on March 28. Options contracts are used by traders to protect themselves against large swings in stock prices and speculate on stock price movements. While cryptocurrencies are moving into the mainstream, their prices have varied dramatically over the past year as central banks signalled an end to epidemic-era economic stimulus measures and revealed their intentions to raise interest rates to curb unmanageable inflation.

This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.

Follow us on Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — March Week 1 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

This week, the United States and its allies are kicking certain Russian banks out of the SWIFT system. Since the Russian invasion of Ukraine last week, Bitcoin’s price has seen a new level of volatility that has affected both the crypto and stock markets. This and much more in this week’s newsletter.

Starting off with — ALPEX Global stands in support of peace. War is not the solution. As a response to Russia’s invasion of Ukraine, the White House last week announced the United States and its allies would expel certain Russian banks from a major international banking system. This is a significant step in crippling Russian economic activity.

In a sudden shift from just days ago, when it appeared such a move was unlikely to take place, the Biden administration and European allies have decided to block Russia’s access to SWIFT. As part of the agreement, the United States and European nations committed to taking measures to prevent the Russian Central Bank from using its reserves to undermine sanctions and strengthen the ruble.

In other news, El Salvador’s President Nayib Bukele is offering citizenship to foreign investors. The crypto community was informed on Sunday by President Bukele that he would send a list of 52 legal reforms to Congress. Bukele’s proposals included the removal of red tape, reducing bureaucracy, creating tax incentives, and, most importantly, granting citizenship to foreigners investing in the nation. The president has promised to make El Salvador one of the most free countries in the world at a time of global tyranny. Bukele is not only an outspoken advocate for Bitcoin adoption (BTC) but also a controversial figure in international politics for the same reasons. In the United States, a group of bipartisan senators recently introduced new legislation to mitigate the risks associated with El Salvador’s adoption of Bitcoin as legal tender.

Meanwhile, the Chinese Supreme Court has ruled that virtual asset transactions are “illegal fundraising,” opening the door to judicial prosecution of the crypto industry. In September 2021, the People’s Bank of China and a host of other top-level agencies designated crypto transactions as illegal fundraising; however, the court ruling formally designates them as a crime and determines appropriate penalties.

It was stated in Thursday’s ruling that the suspects will be prosecuted under Article 176 of the Chinese criminal law, which stipulates prison sentences between three and 10 years and fines ranging from RMB 50,000 (US$7,900) to RMB 500,000 ($79,000) for crimes involving large sums of money. The criminal law provides for less serious crimes to be punished with less than three years in prison and fines between RMB 20,000 ($3,160) and RMB 200,000 ($31,600). This amendment will be effective on March 1.

Finally, Bitcoin had been trading above $40,000 for much of February, after a slow start to the year. Bitcoin’s price dropped below $34,000 in January, the lowest level since July 2021. In recent weeks, Bitcoin’s price has lagged due to a continued surge in inflation, the stock market’s worst month since March 2020, and indications that the Federal Reserve will begin raising rates in March to combat inflation. However, government representatives continue to show interest in stronger regulation and involvement with digital currencies — including the possibility of establishing a government-issued currency. In recent weeks, Ethereum’s price has followed a similar trend to that of Bitcoin.

Every day, ALPEX Global provides market wrap — following analyses are based on keeping an eye on the markets and what we anticipate.

As geopolitical tensions have escalated in the past weeks, Bitcoin’s recent volatility has undermined the argument that cryptocurrencies offer a hedge. The value of the digital token has declined by about 6% so far in 2022, while it has still remained more than 30% below the record high of nearly $69,000 it had hit in November 2021.

Crypto prices have been volatile recently due to a broader market selloff triggered by investors recalibrating their portfolios in response to a more aggressive Federal Reserve, which is now expected to raise interest rates seven times this year as it fights surging inflation.

Bitcoin climbed above $43,000 after trading below $39,000 in yesterday’s session, according to a recent market report. Bitcoin’s price soared over 13% to $43,190, making it the world’s most popular crypto. Ether, the cryptocurrency linked to the Ethereum blockchain that has the second-highest market capitalization, rose over 10% to $2,912. 10% to $2,912. On the other hand, the Dogecoin price increased by 7% to $0.13 whereas the Shiba Inu price increased by more than 8% to $0.000026. Other digital tokens were also performing well, with Terra rising over 20% over the last 24 hours, while Solana, XRP, Avalanche, Stellar, Polygon, Litecoin, Cardano, Polkadot, and Terra showed gains in the range of 6–18%.

*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.

The Luna Foundation Guard has raised $1 billion to create a UST reserve denominated in bitcoin. Luna Foundation Guard, the nonprofit organization behind Terra USD’s open-source stablecoin network, has closed on the raising of $1 billion through the sale of LUNA tokens.

According to Terra, Jump Crypto and Three Arrows Capital led the $1 billion round, with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital, and others. In Terra’s ecosystem, UST; a stablecoin backed by Bitcoin — will be established as part of the proceeds of the $1 billion sales. Following a vote by the LFG, Do Kwon, founder of Terraform Labs, announced the injection of 450 million UST — roughly $450 million — into the Anchor protocol’s reserves on Friday.

The United States Securities and Exchange Commission has a good chance of losing its $1.3 billion lawsuit against Ripple based on the merits of the case, according to a former executive. Joseph Hall has expressed concern over what the SEC’s endgame might be regarding the high-stakes case against Ripple that will have implications for the entire industry.

The lawsuit contends that the company and its co-founders Brad Garlinghouse and Christian Larsen failed to notify the SEC about the sale of XRP beginning in 2013 as well as that the tokens are unregistered securities. The SEC has been attempting to prove that securities fraud occurred as a result. Ripple’s case may set the tone for investigations and litigation related to cryptocurrency in the foreseeable future, once a decision has been made. It is possible that the SEC may launch a deluge of new investigations and court cases against crypto projects if it prevails. By winning, Ripple may force the SEC to curtail its efforts to pursue the crypto industry.

This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.

Follow us on Facebook, Twitter, Instagram ,and Linkedin to stay up to date with all the latest news or visit our website.

TEAM ALPEX Global

ALPEX Global Weekly Newsletter — February Week 4 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin Resilient as Commodity Prices Inflate; Dollar Strength May Hurt.

● #BTC was trading around $38,191.10 at press time.
● #Bitcoin’s 24-hour range: $37,011.68-$39,444.5 (ALPEX EXCHANGE DATA)

#ETH is now at $2,637.
#COMP is now above $110.1.
#ADA is currently trading around $0.88.
#XRP is now at $0.72.
#DOT is consolidating around $16.94.

【#ALPEX Markets Wrap】
$BTC -2.83%
$ETH -6.21%
$COMP -6.03%
$ADA -1.86%
$XRP -3.81%
$DOT -9.12%

▷ For more information about ALPEX, join our Telegram Channel: https://t.me/ALPEXOfficialEN001

#ALPEXGlobal #MarketsWrap #Cryptocurrency

🔸ALPEX MARKETS WRAP — February 28, 2021🔸 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Short Positions See $143M in Liquidations as Bitcoin, Ether Gain 10%.

● #BTC was trading around $38,845.99 at press time.
● #Bitcoin’s 24-hour range: $35,741.43-$39,691.52 (ALPEX EXCHANGE DATA)

#ETH is now at $2,674.
#COMP is now above $108.1.
#ADA is currently trading around $0.86.
#XRP is now at $0.70.
#DOT is consolidating around $16.1.

【#ALPEX Markets Wrap】
$BTC +8.16%
$ETH +9.07%
$COMP +5.97%
$ADA +6.31%
$XRP +8.17%
$DOT +4.86%

▷ For more information about ALPEX, join our Telegram Channel: https://t.me/ALPEXOfficialEN001

#ALPEXGlobal #MarketsWrap #Cryptocurrency

🔸ALPEX MARKETS WRAP — February 25, 2021🔸 was originally published in ALPEX on Medium, where people are continuing the conversation by highlighting and responding to this story.