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The dynamics of the amount of user funds in the DeFi ecosystem correlates with Ethereum quotes.
On March 24, the total capitalization of cryptocurrencies dropped by about 6%, about 80% of the tokens from the list of the 100 largest lost up to 25% in value.
The intention to buy bitcoin as a corporate reserve coincided with a double-digit drop in GameStop shares.
Co-founder of the iconic short video app Vine Rus Yusupov unexpectedly broke into the cryptocurrency market Yusupov launched the Vine Coin (VINE) memcoin based on Solana, which provoked a wave of excitement in the crypto community. In the first day, the token's trading volume exceeded $1.3 billion.
The European financial Regulator said that service providers should stop any activity that promotes the purchase and circulation of unlicensed stablecoins linked to assets (ART) and fiat currencies (EMT) - including the exchange and execution of orders. The regulator recommended explaining the changes to customers by introducing technical solutions for simplified liquidation or conversion of unlicensed stablecoins into assets that comply with MiCA rules. Cryptocurrency service providers will be required to retain the ability to sell or convert such assets until March 31. On the territory of the European Union, the Digital Operational Resilience Act (DORA) came into force, which expands the scope of MiCA rules and requires European cryptocurrency companies to strengthen cybersecurity and risk management.
Speaking at the World Economic Forum in Davos, David Solomon called bitcoin an interesting speculative asset. At the same time, the blockchain technology on which bitcoin operates is of great interest to researchers from Goldman Sachs. The bank is exploring how blockchain can improve the efficiency of payments and settlements, despite regulatory challenges. Solomon explained that now, due to the uncertainty of cryptocurrency regulation, it is difficult for banks to directly invest in bitcoin. At the same time, the interest of large, institutional clients of the bank in cryptocurrencies is growing. The head of Goldman Sachs hopes that in the near future, financial regulators will change their agenda for overseeing digital assets. "Banks face many obstacles that prevent them from actively interacting with bitcoin. We can't own it, we can't be a principal, we can't be involved in bitcoin at all," Solomon protested.
With new coins launching daily, how do you identify a promising project from a potential scam?