• On March 19, 2023, the Federal Reserve and five other central banks took coordinated action to boost liquidity in response to a banking crisis.
• The action included increasing the frequency of 7-day maturity operations from weekly to daily.
• Social media commentators have speculated about the repercussions of the central banks‘ easing policies.

Coordinated Action To Boost Liquidity

On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve and five other major central banks announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. This was in response to a banking crisis that began with the collapse of three U.S. banks and spread internationally.

Increased Frequency Of Operations

The participating banks agreed to increase the frequency of 7-day maturity operations from weekly to daily starting on Monday, March 20th, and continuing through April at least. This move was meant to improve effectiveness of providing U.S dollars for funding purposes as well as shore up confidence in financial institutions across international markets during this time of distress for many companies in both private and public sectors alike .

Turmoil In Banking Industry Leads To Coordinated Action

Prior to Wall Street opening on Monday morning and ahead of the next Federal Reserve meeting, these six major central banks took decisive action aimed at adding liquidity into the financial system by increasing their efforts with 7-day maturity swaps lines that provide US dollars for funding purposes such as emergency loans or commercial paper transactions for businesses who need it most during these difficult times .

Social Media Speculates Impact Of Easing Policies

The turmoil in banking industry began after Silicon Valley Bank and Signature Bank collapsed while Swiss banking giant Credit Suisse borrowed 50 billion francs from its own central bank due to severe signs weakness within its balance sheets . These events have caused social media commentators like Bitmex founder Arthur Hayes speculate about what kind repercussions will come out of these easing policies set forth by these international monetary bodies .

Conclusion

Even though there is still much speculation regarding how effective furthering easing policies can be when it comes dealing with current economic downturn , it is clear that six major Central Banks have taken swift action towards addressing long-term issue facing global market’s stability . These new measures are expected continue throughout April which could potentially bring more stability any future market volatility resulting from this banking crisis .

• Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia to expand its reach in Latam.
• The product is part of a partnership with Movii, a Colombian neobank that also issues its own Mastercard card.
• The release of this card gives Colombia the third spot for Binance products in Latam, after Argentina and Brazil.

Binance Launches Prepaid Card in Colombia

Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia to expand its reach in Latam. This card will allow customers with their identity verified to make payments with crypto and establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina.

Binance Announces Crypto Prepaid Card In Partnership With Movii

The product is part of a partnership with Movii, a Colombian neobank that also issues its own Mastercard card. Among the currencies supported by the card will be BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC and LINK among other stablecoins. The card will feature real-time exchange from crypto to fiat currency allowing users to spend crypto while merchants receive fiat instantly. Additionally zero-fee withdrawals are available at ATMs up to 8% cashback rewards in selected purchases.

Colombia: Another Expansion Spot In Latam

Binance believes that offering this type of service will foster an even broader adoption of cryptocurrencies among Colombians contributing to blockchain and crypto ecosystem development within the country according to Daniel Acosta general manager of Binance Colombia. The launch of this prepaid card makes Colombia the third country where such product is available from BInance in Latam after Brazil and Argentina were released earlier this year.

Supported Currencies

The list of supported currencies includes Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Solana (SOL), Shiba Inu (SHIB), Ripple (XRP), Matic Network (MATIC) Chainlink (LINK) and other stablecoins which can be configured by users on which currency they want to spend on transactions

Conclusion

This new move by Biance shows how cryptocurrencies can be used more efficiently through payment cards streamlining payments between buyers and sellers while expanding its services across Latin America making it easier for people within those countries to use cryptocurrencies as part of their everyday lives

• CoinEx recently introduced Strategic Trading, a new segment designed to help users set sound investment plans and stay ahead.
• A trading strategy is important as it enables investors to take advantage of market swings, make easy investments and minimize losses.
• The platform offers versatile trading strategies that meet different investment demands such as conservative or quant trading.

What is a Trading Strategy?

In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, however, a trading strategy refers to a predetermined plan or trading behavior designed to help investors profit from buying or selling cryptos in both long and short markets. A mature and well-designed trading strategy is crucial for investors, as it helps them take advantage of market swings, make easy investments, and maximize profits or minimize losses. Generally speaking, a comprehensive trading strategy may cover elements such as choosing the target cryptocurrency or project; using professional platforms such as crypto exchanges and market monitoring platforms; mastering crypto tools and indexes; setting up trading time and stop-loss conditions; minimizing the influence of emotional decisions.

CoinEx Introduces Strategic Trading

In February 2023, CoinEx rolled out Strategic Trading – a new segment featuring Auto-Invest Plan – designed to help users set out sound investment plans and stay ahead. The system enables users to invest in crypto with ease without having to worry about complex parameters or study programming/trading scripts. It also offers versatile trading strategies that meet different investment demands such as conservative investing (stock up on more coins while minimizing risks and costs) or seizing volatile market trends (engage in quant trading).

Why is Setting Up a Trading Strategy Important?

Having an effective trading strategy helps investors mitigate potential risks during extreme market conditions by enabling them to take prompt countermeasures and minimize their losses. Furthermore, having an appropriate plan can help investors benefit from market swings by taking advantage of opportunities for profitable investments.

Requirements for Beginner Investors

For beginner investors or retail users there are certain requirements that need to be met when setting up a sound trade strategy: First the system should be easily accessible with “lazy” operations so that they don’t have any difficulties understanding it. Second it should offer diverse strategies meeting different investment needs like conservative investing versus engaging in quant trades.

Conclusion

Overall setting up an appropriate trade strategy is essential for any investor regardless if they are beginners or experienced traders since it enables them not only to benefit from available opportunities but also protect themselves from potential risks during extreme market conditions .

• 2022 was a year of major cryptocurrency collapses, with billions of dollars in value lost.
• Several high-profile projects imploded during Crypto Winter 2022, eroding trust and confidence in the crypto economy.
• Among the crypto assets that crashed were Celsius (CEL), Terra (LUNA), Bitcoin Diamond (BCD), U Network (UUU), and EOS (EOS).

Crypto Winter 2022

The year 2022 saw a devastating crash in the world of cryptocurrencies, wiping out billions of dollars in value from the crypto economy and severely damaging trust in digital currencies. This was widely referred to as Crypto Winter 2022.

High-Profile Cryptocurrency Implosions

During Crypto Winter 2022, several high-profile crypto projects experienced massive implosions. These included:

• Celsius (CEL)
• Terra (LUNA)
• Bitcoin Diamond (BCD)
• U Network (UUU)
• EOS (EOS).

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Impact on Value & Trust

These project failures had a huge impact on both the value and trustworthiness of the entire cryptocurrency ecosystem. CEL tokens have lost 88.73% of their value since January 1st 2022, while LUNA has dropped from being the ninth largest cryptocurrency by market capitalization to 55th place today. Ownership of CEL is highly concentrated in just 100 wallets holding 98.90% of all tokens, while over 38% are locked up within Celsius’ bankrupt company wallets.

Projects From The Past

History shows that there have been many failed projects throughout the history of cryptocurrencies; an example is eight out four top ten coins back on May 5th 2013 that are now forgotten despite still having some value left in them such as freicoin (FRC), Terracoin(TRC), Devcoin(DVC) and Mincoin(MNC).

Conclusion

The events that took place during Crypto Winter 2022 highlight how volatile this asset class can be and illustrates why it is essential to do your due diligence before investing in any cryptocurrency project or asset

• The Bank of Zambia and the country’s Securities and Exchange Commission are currently testing a technology to regulate cryptocurrencies.
• Felix Mutati, Zambia’s Minister of Technology and Science, believes cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve.
• The Bank of Zambia has previously discouraged the use of cryptos, but President Hakainde Hichilema’s government is now embracing them in an effort to bring financial inclusion to the region.

Zambia Testing Technology for Cryptocurrency Regulation

The Bank of Zambia and the country’s securities regulators are currently testing technology to regulate cryptocurrencies, according to Felix Mutati, Zambian government minister and Minister of Technology and Science. Mutati argued that this „revolutionary technology“ encapsulates „the future the country desires to achieve.“

Upscaling Regulatory Technology

To help achieve an inclusive digital economy in Zambia, the testing of regulatory technology will soon be upscaled. Additionally, infrastructure is being put in place as part of measures for Zambia’s goal of becoming a regional tech hub.

Bank Of Zambia’s Previous Discouragement Of Cryptocurrencies

In spite of President Hakainde Hichilema’s government embracing cryptos, the Bank Of Zambia had previously discouraged their use. It remains unclear if there has been any policy change from these institutions regarding cryptos at this time.

Financial Inclusion Through Crypto & CBDC

Minister Mutati foresees cryptocurrency as a driver for financial inclusion once a payments infrastructure is in place. Furthermore, Central Bank Digital Currency (CBDC) may also be used as part of efforts towards financial inclusion in the region.

Zambia Establishing Magnetism For Investments

Mutati also claimed that investors have taken note, making Zambia an investment destination choice for many people wanting to invest in Africa. He stated that “Zambia created magnetism that attracts investments and it is one of the countries in Africa that is becoming a must-be place for investment.“

• Peter Schiff’s Warning: Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes.
• Inflation Cause: The cause of inflation is the U.S. government and the Federal Reserve acting in concert with one another, where the U.S. government spends money it doesn’t have, and then the Fed prints the money for the government to spend.
• Federal Reserve Chairman Jerome Powell’s Speech: Federal Reserve Chair Jerome Powell claimed that disinflation „has begun“ but is going to take time; however, Schiff argued that this disinflation is transitory.

Peter Schiff’s Warning

Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. „The economy is not only going to weaken, but weaken much more than the markets expect,“ he stressed.

Cause of Inflation

According to Peter Schiff, the cause of inflation is a result of an act between two parties – The U.S. government spending money it doesn’t have, and then The Fed printing money for them to spend, which results in inflation.

Federal Reserve Chairman Jerome Powell’s Speech

Federal Reserve Chair Jerome Powell recently spoke on disinflation saying that it has begun but will take time; however, Peter Schiff claims that this disinflation is transitory as he believes that if The Fed chairman believes slowing down economics will cool inflation, he would be wrong as it will fuel fire instead.

Prediction by Peter Schiff

At the end of last year, Peter Schiff predicted that inflation was about to get worse; furthermore he added that The US dollar will crash and The US would default on its debt which could lead to market crashes, massive financial crisis and severe recession according to his prediction.

Conclusion

It remains uncertain what consequences could arise from these warnings by economist Peter Schff; however one thing remains certain – there are greater economic issues at hand which need attention from both The US Government & Federal Reserve before things get worse in terms of finances & economy within US soil .

• Google has invested $300 million in the AI firm Anthropic, with sources claiming that the tech giant will own a 10% stake.
• Anthropic previously raised approximately $500 million from sources including Sam Bankman-Fried and Caroline Ellison.
• The capital will be used to fund computing resources, and Google Cloud is the preferred cloud provider for Anthropic’s AI systems.

Google Invests in AI Firm Anthropic

Google has announced an investment of $300 million into the artificial intelligence (AI) firm Anthropic, giving them a 10% stake in the company. This comes after their series B funding round which saw them raise a total of $580 million from investors such as Sam Bankman-Fried, Caroline Ellison and other prominent individuals.

Funding Used For Computing Resources

The funding will be used to fund computing resources, particularly those related to their AI system Claude which utilizes steerable AI techniques and safety enhancements. To facilitate this they have chosen Google Cloud as their preferred cloud provider to train, expand and implement their AI systems.

Controversy Surrounding Sam Bankman-Fried

Reports suggest that of the total sum raised during the series B funding round at least $500 million came from Bankman-Fried and his associates. This has sparked controversy within some circles of the crypto community with some suggesting that he had stolen user money to invest in Anthropic’s AI system.

Chatgpt & Microsoft Investment In Openai

This investment follows on from Microsoft’s recent investment into Openai as well as Chatgpt’s launch earlier this year – a clear sign that competition between major players in the Artificial Intelligence market is intensifying rapidly.

Conclusion

Overall it appears that Google’s investment into Anthropic signals its commitment towards developing more advanced AI technologies utilizing its unique cloud computing capabilities while also ensuring its place among competitors like Microsoft and Chatgpt in what is quickly becoming one of today’s most important markets – Artificial Intelligence technology development.

-Litecoin’s hashrate has recently reached an all-time high (ATH) of 798.43 terahash per second (TH/s).
-Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031.
-Viabtc is the top Litecoin mining pool with 192 TH/s, or 27% of the total Litecoin hashrate.

Litecoin (LTC) has seen a surge in computational power (hashrate) over the past 30 days, with the blockchain’s hashrate reaching an all-time high (ATH) of 798.43 terahash per second (TH/s) on Wednesday, Jan. 25, 2023, at block height 2,411,048. This is a significant increase from the 576 TH/s recorded on Dec. 28, 2022, representing a 38% surge in hashrate. This surge in hashrate has been accompanied by a corresponding rise in difficulty, which hit an all-time high of 23,505,031 the following day.

The increase in hashrate and difficulty reflects the growing popularity of the Litecoin blockchain, with its price also increasing by 34% against the U.S. dollar over the past 30 days. The top Litecoin mining pool is Viabtc, which is currently contributing 192 TH/s to the network, or 27% of the total hashrate. It is followed by F2pool (121 TH/s), Antpool (104 TH/s), Litecoinpool.org (77 TH/s), and Binance (69 TH/s). All five Litecoin mining pools also participate in dogecoin (DOGE) merge mining through a process called auxiliary proof-of-work (AuxPoW).

The difficulty of the Litecoin network has seen an increase of 3.28% over the last week, 14.80% over the last 30 days, and 32.41% over the last three months. This increase in difficulty indicates that the network is becoming more secure, as miners are expending more computing power to process transactions.

As the hashrate and difficulty of Litecoin’s blockchain continues to rise, the network is becoming increasingly secure and reliable. This could lead to more adoption of the blockchain by users and businesses, as well as more investment in the cryptocurrency. With its current all-time high of 798 TH/s, Litecoin is just 202 TH/s away from reaching a single petahash per second (PH/s), which equates to 0.798 PH/s.

• Dogecoin (DOGE) rose to a six-week high on Saturday, climbing above a key resistance level to start the weekend.
• Avalanche (AVAX) surged by as much as 14% higher to start the weekend, as prices raced past a long-term point of resistance.
• The global crypto market cap was mostly in the green with Dogecoin and Avalanche leading the pack.

The crypto market was buzzing on Saturday, as Dogecoin and Avalanche saw significant price surges. Dogecoin (DOGE) rose to a six-week high, climbing above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Dogecoin (DOGE) was one of Saturday’s most notable movers, as prices rose to their highest point in six weeks. Following a low of $0.08507 on Friday, DOGE/USD rallied to an intraday peak of $0.09297 earlier in the day. As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930.

Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00. As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808. Should DOGE bulls push price strength past the 61.00 mark, it is likely that prices will break out of today’s ceiling at $0.0930.

Avalanche (AVAX) also saw a surge in price, hitting its strongest point since August. AVAX/USD jumped to a high of $21.68 earlier in the day, which comes less than a day after falling to a low of $17.83. Today’s rally has seen avalanche rise to its highest level since August 26, cementing a five-month high in the process. Earlier gains have already begun to fade, with previous bulls seemingly opting to close positions and secure profits. This decline has resulted in the RSI finding its floor, with price strength now tracking at 70.35, which is marginally below overbought territory.

The weekend session ended on a positive note, with the majority of the crypto market in the green. Dogecoin and Avalanche have been the biggest contributors to the gains, with investors looking forward to further upside potential in the coming weeks.