Bitcoin has been rising steadily this week, reaching the $47,000 level, pulling the largest altcoins along with it.
Bitcoin's growth may have been influenced by rumors that Luna Foundation Guard (LFG) intends to invest in bitcoin to ensure the stability of the UST stablecoin.
Cardano is up 25.5%. Doge is up 15%.
According to CoinCodex service, the blockchain token Zilliqa rose the most during the week. Its price rose by more than 166%.
Cryptocurrency regulation in Russia
The Prime Minister stated the need to integrate cryptocurrencies into the Russian economy. In parallel, the Deputy Prime Minister of Russia also called for the start of regulation of bitcoin mining in the country.
The cryptocurrency exchange Binance removed Russian sanctioned banks' payment solutions from P2P this week. At the same time, all banks and systems on Binance P2P work under the "Transfer by card" item.
Crypto.com will become a sponsor of the World Cup
The International Football Federation announced that Crypto.com cryptocurrency platform will become the official sponsor of the World Cup in Qatar.
Ethereum's hardfork London protocol has burned over 2 million ETH
The Ethereum network has burned over 2 million ETH worth over $7 billion since August 2021. The leader in terms of coins taken out of circulation is NFT-marketplace OpenSea with over 230 000 ETH.
The protocol burns an average of 6 ETH per minute. The NFT segment accounts for 35% of all coins destroyed, or 701 597 ETH. The second place is occupied by DeFi services with 651 336 ETH (33%).
FTX opens a division in Australia and plans to enter the United Kingdom market
Polkadot's Acala ecosystem project announced the launch of aUSD Ecosystem Fund, a $250 million fund designed to encourage use of the Acala USD (aUSD) staple.
GameStop has launched a beta version of the NFT marketplace
GameStop, a U.S. chain that sells game consoles and computer games, launched an NFT trading platform based on Ethereum's Loopring Level 2 solution. Amid the announcement, the price of the Loopring token (LRC) rose almost 45% in the moment.
Robinhood launched a payment card with a cashback in cryptocurrencies
Online broker Robinhood announced the replacement of debit cards with new Cash Cards with the ability to receive cashback in crypto assets. There are no fees or interest on the Cash Card. Spending is rounded up to each subsequent dollar when purchasing goods and services.
Trust Wallet returned to the App Store, but not for users from Russia
On March 22 the developers of cryptocurrency wallet Trust Wallet said that the application was temporarily unavailable in the App Store for iOS users. Already on March 25 the project team reported that the application is available again in the app store. However, users from Russia reported that the wallet cannot be downloaded from the Russian account.