Is the Banking System's Problems will be the Rescue for Crypto? (+ European countries interested in Crypto & Square Enix enters NFTs)

What happened this week in the crypto space??

GM! This is Mateusz Kara.

And you've just found the best place in the crypto space to know more about the blockchain industry. I'm also giving you updates on my biz.

In Today's edition:

1/ Banking system problems a rescue for Cryptocurrencies

2/ Which European countries are most interested in Crypto

3/ Square Enix will use the NFTs

Sounds interesting? I think so.?

Let's dive deeper into the crypto rabbit hole:

1/ Banking system problems a rescue for Cryptocurrencies

Bitcoin was created as a response to the 2008 banking crisis. Satoshi Nakamoto, the creator of BTC, wanted to create a currency that would not be as vulnerable to inflation as fiat money and would be independent of the policy of any central bank. As we can see today, he succeeded!

Recently, Silicon Valley and Signature banks have declared bankruptcy. As a result, the US authorities have announced that they will ensure deposit protection for all their customers and that taxpayers will not be affected. It means that there will be further and renewed printing of dollars.

In addition, experts expect the Fed to stop raising interest rates, as its policy of quantitative tightening is leading to hitting banks. The Washington elites fear a repeat of 2008. Analysts believe the Federal Reserve will only raise interest rates by another 25 basis points and then return to lowering them.

@federalreserve?announces Bank Term Funding Program (BTFP) to support American businesses and households, assure banks have ability to meet needs of all their depositors:?https://t.co/JIMjkooIDV— Federal Reserve (@federalreserve) March 12, 2023

My take on the future situation of bitcoin

All the above raises the question of what the future holds for cryptocurrency investors. Mateusz Kara, CEO of Ari10, is optimistic:

The price of bitcoin has started to rise strongly due to the macroeconomic environment. Inflation in the US is slowly falling, which is an important signal for the Fed, which may be thinking about lowering interest rates.

However, aside from the above, the Federal Reserve sees that its previous policy has harmed the banking system in the US. We have seen the collapse of two large banks in recent days alone. The US authorities may fear the spreading of this crisis to other institutions and a repeat of 2008. This is the second - and perhaps more important - factor that may cause the Fed to return to interest rate cuts. As a result, more capital will return to financial markets, including cryptocurrencies. A bull market in bitcoin could even begin before the halving, which is still a year away.

Square Enix will use the NFTs

Although many are not convinced about NFTs, this technology may have a bright future. Square Enix, a game company that is behind brands such as "Final Fantasy", has confirmed that in the coming years, it will release a series of productions in which tokens will play an important role.

One of the first games of this kind will be "Symbiogenesis", which will guarantee us "a completely new form of entertainment based on NFTs". The production will feature up to 10,000 collector graphics - character illustrations representing "various races and professions". They are to appear on the market in stages, as new chapters of "Symbiogenesis" begin.

The creators claim that the whole thing is "the first artistic collector project prepared from scratch with Web3 fans in mind".

Which European countries are most interested in cryptocurrencies?

Crypto company - Dua Crypto decided to find out which countries in Europe are most interested in blockchain and digital assets. The analysis used the Ahrefs Keyword Explorer tool, which allowed us to check from which parts of the continent the most queries regarding cryptocurrencies are coming.

What conclusions were reached? The most interested are citizens of the Netherlands, Slovenia, and Switzerland. In turn, Russia was almost at the very bottom (43rd out of 46). Moldova and Belarus also performed poorly.

Poland ranked 23rd.

ARI10 COMPANY UPDATE ??

Two new significant partnerships!

Firstly, we officially signed a contract as part of the Blockchain City project!

During the Blockchain City meeting, we discussed projects that will be presented and a structured work plan as well as a schedule of lectures.

We're thankful to the Ari10 team, especially our project & product manager, Paulina Samborska, who passionately represented us there. ??

The event is under the patronage of BMW Foundation Herbert Quandt, and the contract was also signed by: ArchitectsPL, Chain4Energy, Polish Blockchain Association, Billon, and Longpass.

Together, we can do more and build a better future for all with the help of Blockchain Technology! ??

Secondly, we established a partnership with Collegium Humanum ??

It's an award-winning management college based in Warsaw with branches in many cities and countries.

At Ari10, we believe in the importance of Higher Education in areas such as Blockchain, so we're confident that this partnership will bring many benefits to both sides. ?

We would like to express our sincere gratitude to JM Rector prof. dr hab. Pawe? Czarnecki, MBA, LL.M, DBA, dr h. c., as well as, our entire Ari10 team for their commitment. ??

We're already planning exciting activities and will share more details soon, so keep an eye out for updates!

And that’s all for today. Thanks for your time, investors & Crypto Geckos! ?? ????

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Thanks for your feedback and see you next week!?

Mateusz Kara