VOC's Weekly Newsletter
Hey Crypto Geeks ??,?
Welcome to Voice of Crypto's Weekly Newsletter - Asynchronous?
Are you ready for this week's market news and updates? ??????? Get your appetite ready and prepare to digest the latest information. But before you start indulging, remember that conducting your own research is as important as adding salt to your favorite dish. ???? Keep a critical eye on the news and take the time to do your due diligence before making any investment decisions.
Here’s what we’ve got for you:
Market Pulse ??
?? The crypto market is experiencing significant losses today, with Bitcoin's value plummeting below $21,000 and dropping back to January levels ??. This drop is attributed to multiple factors, including inflationary pressure, fallout from the collapse of Silvergate Bank, and a lawsuit in New York state that claims ether and other cryptocurrencies are securities.?
In the past 24 hours, Bitcoin's price has decreased by 7.7% to $20,027 ??, wiping out almost half of the gains made in the first six weeks of the year when the cryptocurrency rose by about 40% and surpassed $25,000 in mid-February.
Meanwhile, the global cryptocurrency market capitalization has also fallen by 6.32% to $933B ??. Despite this decline, the total market volume has increased by an impressive 51% to $66.12B in the past 24 hours ??. However, investors are still worried about the recent turbulence in the crypto market, and the Fear & Greed Index is currently indicating fear with a value of 53 ??. As a result, many are exercising caution and refraining from taking significant risks.
Bitcoin Fear & Greed Index
Editor’s Pick
India’s Crackdown on Crypto: A Step Towards Combating Financial Crime
The Government of India notified through the official Gazette that cryptocurrencies would also be under the prevention of money laundering act. This action is in accordance with the standard view that cryptocurrencies might be used for the illegal purpose of money laundering. India defines Virtual Digital Assets (all blockchain-based financial instruments) under Clause (47A) of Section 2 of the Income-Tax Act, 1961 (43 of 1961). Till now, most of the regulations were either tax-oriented. Even the Budget 2023 had no mention of crypto. Read more
领英推荐
Beginners Guide to Bitcoin NFTs: Ordinals Sweep Crypto Space
Bitcoin has finally joined the likes of NFT-enabled blockchains with its latest innovation, called the Ordinals Protocol. The protocol enables users to add images, text, and videos to a single satoshi(the smallest unit of Bitcoin), similar to an NFT token on Ethereum or Solana. The Ordinals Protocol is the latest innovation where NFT-like functionality can be enabled in the native Bitcoin networks.? After the Ordinals Protocol was enacted, its popularity has been skyrocketing. Read more
What Is Doji Candlestick Pattern?
A Doji candle pattern appears when a security’s opening and closing prices are almost equal. This results in a narrow, horizontal line on the chart. This indicates that there was little price movement during the period represented by the candle. Thus, the bulls and bears were in balance, with neither side gaining the upper hand.? Doji candles in technical analysis help to identify potential trend reversals in the price. When a thin Doji candle appears in a chart, this can be a sign of indecision or uncertainty in the market. Thus, it may imply that a trend reversal is imminent. Read more
Yield Farming vs. Staking: What’s the Difference?
Yield farming and staking may seem similar but they are different. They are alike because people need to lock up their tokens to earn rewards, but different because of their elements. Below are the major differences between liquidity mining and staking. Staking is easier to do compared to yield farming. The former is a seamless way of earning passive income, as all the user needs to do is add their tokens to a stake pool run by a node or validator. Delegators or token holders are rewarded for binding their tokens to the network during staking. Read more
Video of the week
How To Start Trading Crypto?
Technical analysis uses the concept of price patterns from the past and technical indicators to analyse the charts and predict the future movements in price. This can be applied to any market, including cryptocurrencies such as Bitcoin (BTC).? When done right, technical analysis helps you accurately predict the lows and highs of Bitcoin prices over different time periods. Such predictions will help you make educated and data-driven decisions on buying Bitcoin at a good price and selling at a profit. Watch to know more!!
VOC Featured Events
Women Empowerment Takes Center Stage at Web3 Event Hosted at the House of Lords
The House of Lords in London played host to a groundbreaking event featuring founders, creators, and stakeholders in the web3, crypto, and blockchain space. Led by Baroness Manzila Uddin, a prominent figure in the industry, the event was an enlightening and engaging discussion about the future of the industry. To celebrate International Women’s Day, Voice of Crypto partnered with HQNFTs for a campaign giving away 100 free gasless NFTs, and all proceeds from the sale will go to Nina Aoulik’s charity organization “End Honor killings.” Read more
That’s a wrap for today!