News updates March 25, 2022
1. Anz launches its first stablecoin
Australian Bank, ANZ announced it has launched an Australian-dollar-backed stablecoin called A$DC, which it says it believes to be the first such asset issued by an Australian bank.
A$DC will be programmable for the needs of their institutional customers, instead of a retail focus, they added.
2. Russia's energy chief says it would accept Bitcoin for oil and gas
The Russian Federation's energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey.
He said those countries could begin paying for energy in Russian Rubles, Chinese Yuan, Turkish Lira — or even Bitcoin (BTC) — rather than the international standard US dollar.
3. Resident In Portsmouth Can Now Pay Their Bills In Bitcoin
Residents in Portsmouth now have the opportunity to pay their bills using cryptocurrencies. This is coming after the mayor brought the ideas to city leaders. The mayor, Deaglan McEachern, stated that he wants residents in Portsmouth to start embracing the cryptocurrency industry and have more options when it comes to paying bills.
The mayor added that any crypto payment will be automatically converted into US currency, which means that the change will not affect the city’s financial practices.
4. David Beckham Joins Metaverse, Becomes DigitalBits Blockchain Global Brand Ambassador
Famous football star and entrepreneur David Beckham is appointed as a global brand ambassador for the DigitalBits blockchain.
5. Bitcoin clings to $43K as Fed signals up to 7 rate hikes in 2022. Bitcoin (BTC) continued to fight for $43,000 support at the Wall Street open on March 24 amid fresh jitters tied to United States economic policy.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying just below the $43,000 mark as trading began on March 24.
6. Bitcoin Touches $50,000 on OKX.
Bitcoin briefly rose to about $50,000 in one of the world’s biggest exchange, OKX, which handles some $17 billion in daily trading volumes.
At 10:19 UTC this morning, bitcoin’s price began to suddenly spike in one of the future contracts, 0624, as can be seen above.
In 15 minute candles, it all looks over as soon as it began, but if we zoom in, we see some story.
7. Bitcoin Tests USD 44K, Ethereum Extends Gains, SOL and AXS Rally.
Bitcoin price extended gains above the USD 43,500 resistance.
Ethereum surpassed USD 3,080, XRP is still struggling to clear the USD 0.85 resistance.
SOL gained 9% and cleared the USD 100 resistance, AXS jumped 20%.
Bitcoin price started a fresh increase above the USD 43,350 resistance zone and even traded above the USD 44,200 level. It is currently (04:16 UTC) consolidating gains above USD 43,900 and eyeing an upside break above USD 44,350.
Similarly, most major altcoins are trading in a positive zone. ETH was able to clear the USD 3,080 resistance zone. XRP is still facing a strong selling interest near USD 0.85. ADA rallied close to USD 1.20 before correcting lower.
