News updates March 27, 2022

1. Upcoming Crypto Events | Binance Blockchain Week | April Week 1. These upcoming crypto events will include mainnet launches, strategic partnerships, updates, etc. Also, the entire blockchain and crypto space is in the limelight. Hence, the need to inform our readers on some of these upcoming crypto events. 

Let’s find out some more top upcoming crypto events.

1. DSLA Metaverse Launch
The metaverse ecosystem has grown exponentially in recent times. Top corporations, firms, etc. are all looking forward to enjoying the perceived benefits of the metaverse.

In line with this, DSLA has revealed details of its upcoming metaverse launch. The launch is slated to take place on March 31, 2022. Notably, the metaverse will serve as a virtual and interactive learning and training experience. Also, it would be powered by $DSLA NFTs. 

2. EOS Network’s Upcoming Mandel 2.3 Launch
The EOS network has released more details of its Mandel hard fork. Mandel will be gotten from a fork of the EOSIO code repository. Also, Mandel 3.0 is the first version of the Mandel update. Interestingly, it was also be gotten from EOSIO 2.0.

Notably, the Mandel 3.0 final release took place on March 1, 2022. Mandel 2.3 has plans to launch on April 1, 2022, and will then feature the next Eden election on April 9, 2022. Finally, we expect the hard fork activation to take place on May 19, 2022. 

3. Rentible Beta Launch
Rentible plans on facilitating the evolution of renting. The platform is also a decentralized application (dApp) focused on ensuring smart rental contracts. This means that both landlords and tenants will be able to seamlessly send or receive rental payments in cryptocurrencies.

This is, therefore, an important innovation. It will also help introduce the benefits of the blockchain and crypto space to the real estate ecosystem.

Also, the proposed launch of the Rentible beta is a major improvement for the Rentible ecosystem. The launch, according to schedule, will take place on April 1, 2022.

4. Bitcoin Zero BZX Swap
Bitcoin Zero, an improved version of Bitcoin, plans on launching its BZX Swap soon. According to reports, the BZX Swap takes place at block height 683283, which is expected on April 1, 2022. 

5. Binance Blockchain Week
Hurray! The much-anticipated Binance Blockchain Week is finally here. The blockchain event will take place in Dubai from March 28 – 30, 2022. And will include talks and panel discussions with top blockchain experts.

Binance is also the world’s largest crypto exchange by trading volume. With a daily transaction volume of about two billion and over 1.4 million transactions per second.

2. Bitcoin (BTC) Price Retraces From $45,000; What’s Next? Bitcoin (BTC) price has finally surpassed the $45,000 psychological barrier nearly after two months time period. However, as predicted, the price has retraced from the resistance level after making a high of $45,104.07. Will Bitcoin see more downfall here? The recent data including on-chain data, price action, whale activity, and indicators suggest otherwise. Moreover, the Bitcoin sentiment remains positive. Bitcoin (BTC) Builds Bullish Momentum
Over the past few months, Bitcoin had been rangebound between $35,000 and $45,000. However, since bottoming out near the $37,000 level on March 14, the Bitcoin price has been moving up in an ascending channel, rising almost 20% in two weeks. The BTC price has retraced, but the $44,000 level looks like a support level for the short-term. Therefore, the BTC price action suggests bullish momentum as long as the price remains in the channel. According to data from on-chain analytics firm Glassnode, on-chain transaction volume and trading volume on exchanges for Bitcoin are higher between $42k-$45k levels. Moreover, the next crucial on-chain resistance for  Bitcoin is at $45,900, the short-term holder realized price.

3. UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects

Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects.

4. Ukraine To Immortalize Events In The War By Launching An NFT museum

Ukraine Ministry of Digital Transformation has launched a non-fungible token (NFT) museum to keep the memory of Russia’s invasion of the country. Although the NFT will include other events, the decision to launch one was spurred by the ongoing war in the country.

5. Russia’s Prime Minister Mishustin Calls For Crypto Integration Into Country’s Economy

Russian Prime Minister Mikhail Mishustin has reportedly stated that the Russian financial system is ripe for the integration of Bitcoin and other cryptocurrencies.

According to Russian news agency ‘RBC.ru,’ Mikhail made the pronouncement during a meeting with members of the Liberal Democratic Party in the State Duma Friday, March 25. The meeting which mostly touched on Russia’s plans to revitalize the economy after suffering a beatdown following sanctions due to its invasion of Ukraine saw the issue of cryptocurrencies prop up.

6. Majority Senators In U.S. Congress Are Pro-Crypto Says SkyBridge Director

Republican and Democrat senators appear to be setting aside political differences to collaborate over crypto regulation, according to Kristin Smith, Independent Director at hedge fund SkyBridge Capital.

In a series of tweets, Smith cited several instances where Senators from both parties presented pro-crypto stances, and even introduced crypto-friendly regulation legislation.

Her comments come in the wake of an executive order from President Joe Biden that called for U.S. regulatory bodies to cooperate over constructive  regulation in the space. The move was widely welcomed by the crypto community.

7. US DOJ Continues Crackdown On Crypto Criminals As It Charges Frosties NFT Creators For Fraud

Two young men have been charged with conspiracy to commit wire fraud and money laundering after allegedly ripping off Frosties NFT community.

They face up to 40 years in prison if found guilty on both counts.

The DOJ appears to be getting better at handling crypto crimes.

8. The Bank Of England Has Laid Out A Regulatory Framework For Cryptocurrencies 

The Bank of England has sketched a framework for how it intends cryptocurrencies to be regulated.

The apex bank hinted that cryptocurrency companies will be subject to the same rules that regulate the banking industry.
UK regulators have eyed cryptocurrencies with a strong measure of distrust in the past.

9. Scammers Are Using Fake Wallet Apps To Stealing Crypto Funds From Chinese

Cybersecurity researchers at ESET have uncovered a mobile wallet app scam that targets Chinese users. According to the researchers, the scammers created fake iOS and Android digital wallet apps to redirect cryptocurrency funds. The bogus apps are designed to look genuine, making it easier for users to fall prey to the scam. The hackers made sure that the fake apps they created function exactly like the originals to make them look more convincing.