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 Bitcoin Is in a Tight Range as It Surpasses the $28K High – March 21, 2023 BTC/USD is progressively breaking through a barrier level as it surpasses the $28K high. The upward movement is resisted in the resistance zone. If Bitcoin overcomes the $28,000 barrier level, it will eventually approach the important resistance levels between $30,000 and $32,000. At the moment, Bitcoin is trading in an overbought region of the market. Bitcoin Price Statistics Data: •Bitcoin price now – $28,119.45 •Bitcoin market cap – $543,182,327,218 •Bitcoin circulating supply – 19,324,293 BTC •Bitcoin total supply – $590,284,408,935 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 The price of Bitcoin (BTC) has been fluctuating as it surpasses the $28,000 obstacle. On March 19, BTC’s price surged to a high of $28,460 before tumbling under $27,000.Similar ...

Bitcoin touched a high of $28,504 on Tuesday and briefly retraced in price towards the $27,750 level. BTC went from a low of $20,000 to $28,000 in less than two weeks, making it a prime investment in the markets. However, leading altcoins and meme coins failed to join the bandwagon and they were mostly up by a bit in the market, except for Ethereum which went from $1,400 to $1,800. Both BTC and ETH rallied in the last two weeks despite the banking crisis that rocked the global stock markets. Financial expert John Squire, the partner at Ojamu, an AI & Blockchain-powered platform, spoke exclusively to Watcher Guru about Bitcoin’s recent rise. According to Squire, Bitcoin’s recent rise could be artificially inflated and is a bull trap in the making. He warned investors to remain cautious as BTC could drop hard after it reaches $30,000 next. Also Read: Credit Suisse CEO Claimed Bitcoin Was a ‘Bubble’: Now Bank Sold To Survive Bitcoin Could Crash After Touching $30,000 S...

Trava veTrava Marketplace a representative of the users’ voting power in the Trava Finance ecosystem To fulfill the “decentralized” part of the Trava Decentralized Marketplace, they launched Trava Governance to give users decision-making power. In this case, veTRAVA represents this power in the Trava ecosystem. The voting power will be determined by the time and amount of locked tokens as it shows your commitment toward the future of Trava Finance. As Trava Launches veTrava Marketplace. Whenever users lock their $TRAVA, $rTRAVA, and TRAVA/BNB liquidity pair in the Trava ecosystem for a specific period, they will receive a certain amount of veTRAVA corresponding to their locked time and amount. The more veTRAVA you own, the higher your voting power in the Trava ecosystem. The Benefits Of veTRAVA As mentioned above, veTRAVA is a representative of the users’ voting power in the Trava Finance ecosystem, which means that the more veTRAVA users hold, the more significant their votes are. Mor...

Derivatives liquidity protocol Synthetix seals new partnership with DWF Labs, landing a $20 million investment from the quantitative trading firm. Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs will be tasked with increasing SNX token Liquidity and market making across centralized and decentralized exchanges. Synthetix’ perpetual futures will be integrated into DWF Labs’ trading business as part of the deal. DWF Labs has also committed to purchase another $5 million worth of SNX tokens once the integration of Synthetix’ services has been completed. Synthetix allows users to tokenize a variety of real-world assets into derivatives called Synths, which provide exposure to a range of different assets. Hold...

The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are Difficult to Fathom, Vulnerable to Fraud Most countries in the West are “tightening the reins” on crypto but a total ban is “difficult to imagine”, the Chair of the Dutch Authority for the Financial Markets (AFM), Laura van Geest, noted in a column devoted to cryptocurrencies in the business daily Het Financieele Dagblad. However, despite the tightening in the final phase of the negotiations over EU’s Markets in Crypto Assets (MiCA) legislation, the upcoming regulations remain less strict for cryptocurrencies than those for existing financial products, the executive remarked and stated: We do not think cryptos are good news. They are difficult to fathom, vulner...

YouTube has stated it will reinstate former US President Donald Trump ’s channel. Moreover, the decision arrives more than two years after Trump was suspended from the media platform following the January 6th attack on the US Capitol. The reinstatement follows a similar decision made by some of the largest social media platforms in the world. Specifically, both Facebook and Twitter have announced Trump’s return to the platforms respectively. JUST IN: YouTube reinstates former President Donald Trump 's channel. — Watcher.Guru (@WatcherGuru) March 17, 2023 Trump Back on YouTube Following a suspension of more than two years, YouTube has reinstated former President Donald Trump ’s channel. Subsequently, the media network released a statement on the decision, following various other social media networks in rebuilding the former president’s social platform. “We carefully evaluated the continued risk of real-world violence, while balancing the chance for voters...

"I just want to know why, we, a billion dollar project that paid $10m dollars to develop our layer 2, have another projects Chain ID," wrote one user. A series of events erupted in the official Shiba Inu (SHIB) Discord on Mar. 17, when a top-ranked community member, Steve, alleged identical chain IDs between that of the Shibarium layer-2 beta testnet ID and the Rinia testnet ID, an existing block chain . "So why is it that it looks like shibarium test net has taken rinia testnet genesis file Changed the name from renia But forgot to change the chain ID Rinia has been live and owned that chain Id since Feb. And was planned in December." Steve also alleged that "there's no way for it to be taken over without shytoshi and kaal [Shiba Inu developers] specifically having coms with him and asking him to reboot (tricking him) so they could take his genesis file and steal his work." To which Kaal responded: "Dispelling some FUD ever since we did the A...

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s U.K. subsidiary, finance minister Jeremy Hunt delivered the spring 2023 budget on Wednesday. Hunt, who was previously dealing with the bank’s failure, told BBC reporters that the shutdown of the U.K. financial institution posed no immediate danger to the British financial system. The budget, published by the Treasury, discusses the decisions the U.K. government has made to “restore economic stability, support public services, and lay the foundation for long-term growth.” The budget also discusses tax and spending and specifically addresses “tackling promoters of tax avoidance.” The U.K. go...

Join Our Telegram channel to stay up to date on breaking news coverage Binance has revealed plans to move its zero-fee Bitcoin (BTC) trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. What: Binance announced a 0% trading fee for BTC/TUSD trading pair on its cryptocurrency exchange Why: The change follows the recent events within the crypto playing field: Changpeng Zhao What next: The move is expected to enhance the stablecoin’s leaps and bounds, including the adoption In a March 15 statement, Binance said that it would move its zero-fee Bitcoin (BTC) trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. Moreover, the exchange said BUSD’s zero fees would exclude its pair with other assets such as Binance Coin (BNB) and Ethereum (ETH). Other details include applying standard trading fees to its Bitcoin trading pairs like Tether (USDT) and several other fiat currencies like the British Pounds (GBP), Australian Dollars (AUD), and Euros. Binan...

On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe. This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg. We kick things off with this week’s top stories Silicon Valley Bank collapse: Everything that’s happened until now The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins , leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank. Our experts here at Cointelegraph Markets & Research break down everything that has happen ed so far, so you’re up to date with all the latest developments.  ‘Nobody left to bank crypto companies’ — Cr...

CNBC reported one Signature Bank board member’s opinion that the closure was “a strong anti-crypto message,” from regulators. Moreover, the bank’s failure joined Silicon Valley Bank, and Silvergate — three of the most prominent crypto banks in the industry. In a statement made by the Federal Reserve regarding aid to depositors of the Silicon Valley Bank crisis, it was revealed Signature Bank was closed by New York regulators. Conversely, it appears ulterior motives regarding the digital asset industry could have come into play. JUST IN: Signature Bank board member says regulators shut down the bank to send "a strong anti-crypto message." — Watcher.Guru (@WatcherGuru) March 13, 2023 Signature Bank Failure Fuels Crypto Attack Concerns The fall of Silicon Valley Bank was among the most surprising developments in the banking industry. The financial institution failure indicated the largest since the financial crisis of 2008. Yet, was fo...

Join Our Telegram channel to stay up to date on breaking news coverage The ApeCoin price prediction shows that APE is breaking toward the 9-day and 21-day moving averages to begin the bullish movement. ApeCoin Prediction Statistics Data: ApeCoin price now – $4.0 ApeCoin market cap – $1.5 billion ApeCoin circulating supply – 368.5 million ApeCoin total supply – 1 billion ApeCoin Coinmarketcap ranking – #37 APE/USD Market Key Levels: Resistance levels: $5.5, $6.0, $6.5 Support levels: $2.5, $2.0, $1.5 APE/USD is seen refreshing to a new high after touching the daily low of $3.78 to touch $4.0 as the coin currently trades at $4.06 with a bullish movement in the intraday. Today, the ApeCoin price continues to head toward the 9-day and 21-day moving averages but higher support is expected at the $3.5 level. ApeCoin Price Prediction: ApeCoin Price May Explode For the ApeCoin price, parallel trade can only take over if the $4.5 subsidy is mai...

After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why the practice can lead to economic instability. The History and Dangers of Fractional-Reserve Banking in the United States For decades, people have warned about the dangers of fractional-reserve banking, and the recent ordeal of Silicon Valley Bank (SVB) has brought renewed attention to the issue. Essentially, fractional-reserve banking is a system of bank management that only holds a fraction of bank deposits, with the remaining funds invested or loaned out to borrowers. Fractional-reserve banking (FRB) operates in nearly every country worldwide, and in the U.S., it became widely prominent during the 19th century. Prior to this time, banks operated...

Elon Musk is one of the most popular personalities on Twitter . He is also quite known for his witty responses and opinions on important matters. The recent trending event in the financial realm and social media is the shutdown of Silicon Valley Bank . California regulators recently ordered the closure of the Silicon Valley Bank . It all started when a number of concerns about the bank’s struggle to acquire capital came to light. This inability slowly turned into an effect when the bank was considering its sale. The bank has now closed as a result of the series of events. Also read: Gemini Dollar GUSD Depegs, Drops to $0.9793 In one of his recent tweet replies, Elon Musk stated his willingness to purchase SVB. JUST IN: Elon Musk says he's "open to the idea" of Twitter buying Silicon Valley Bank and making it a digital bank. pic.twitter.com/dE0uL1sQIY — Watcher.Guru (@WatcherGuru) March 11, 2023 Tesla investor doesn’t back Musk’s idea M...

“Degen Zoo” has seen more than 115,000 wallets register to join the game, pledging over $700 million. Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controversial Crypto Zoo concept, has seen more than 115,000 wallets register to join the game, with pledges of over $700 million. DAO Maker founder Christoph Zaknun took on the challenge of building his variant of the shelved zoo-themed game in just 30 days. In August 2021, Logan Paul announced a project called Crypto Zoo, which involved buying nonfungible token eggs that would supposedly hatch into animals, allowing owners to earn passive income through zoo tokens. The project reportedly raised over $3 million in NFT sales and tens of millions in zoo tokens. However, the project failed to deliver as promised, leaving many participants feeling that they had been rug pulled by the influencer. Inspired by Paul’s Crypto Zoo game, which critics have called a “scam," Christoph Zaknun’s "Degen Zoo” game simulates the impac...

Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary to Cambridge University Data, Analyst Says Bitcoin Mining Uses 52.6% Sustainable Energy These days, there is significant debate regarding the environmental impact of Bitcoin mining. On March 7, 2023, ESG analyst Daniel Batten tweeted about new ESG charts he helped design with Willy Woo that show Bitcoin’s progress toward using 52.6% sustainable energy. They also highlight total emissions, emissions per dollar, and emissions intensity. The Bitcoin Mining Sustainability chart shared by ESG analyst Daniel Batten on March 7, 2023. Batten shared a sneak preview of the charts and noted that the data will update dynamically. The analyst also said that information about the methodology and the cha...