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03/29/2023

Will this new development push the BNB price to a new all-time high?
The price of BNB will increase significantly after the approval of the new governance proposal to reduce transaction fees on the BNB Chain.

The BNB Smart Chain (BSC), widely regarded as one of Ethereum's most formidable competitors, is currently contemplating a new governance proposal that, if approved, would reduce on-chain transaction costs. This will ultimately benefit the network by increasing its competitiveness against contemporaneous networks.

The recently submitted proposal states that BSC needs a “more flexible transaction fee structure” to ensure efficient block allocation and make it more attractive to new users. According to the new proposal, the reduced costs will further support the BNB economy and enhance BSC's position in the crypto market.

While transactions on the BSC network incur a flat fee of 5 gwei, Layer 2 solutions that exist outside of the BNB ecosystem, such as Arbitrum (ARB), charge much more reasonable fees. According to data obtained from crypto analytics firm Nansen, the gas fee for the average of Arbitrum is set at 0.1 gwei at the time of writing.
The proposal claims that network activity on the blockchain has decreased due to the high gas prices of BSC. According to the information provided, the usage of BSC in the overall crypto space is in the range of 15-20% and could get worse if the network does not reconsider its high gas prices.

User suggestions were cited as follows:
Over the past 6 months, the network's key measurements have stabilized, creating a situation where the network is underutilized.

The Binance community and the larger crypto market have responded positively to the new proposal, and market participants suggest that this could ultimately lead to a bullish scenario for Binance's token, BNB. As it stands, the BNB price is trading at $316, representing a 1.46% gain in the last 24 hours, as opposed to a 3.82% drop over the past seven days.

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03/29/2023

Gucci partners with Yuga Labs for Metaverse fashion fusion

Luxury fashion giant Gucci is diving deeper into Web3 by announcing a multi-year partnership with Yuga Labs, the Web3 powerhouse responsible for some of the most popular NFT collections including Bored Ape Yacht Club, CryptoPunks, Meebits, and the narrative-driven project 10KTF.

Yuga Labs also operates Otherside, a virtual world and gaming platform themed around the Bored Ape Yacht Club.

The collaboration aims to explore the intersection of fashion and entertainment in the Metaverse, fostering engagement between both companies’ communities.

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03/29/2023

XRP (https://www.facebook.com/Ficarusapp) hits new 5-month high on Tuesday, extending recent winning streak

XRP rose to a new five-month high on Tuesday, as prices rallied for the fourth straight session. The token has moved to its highest level since November, despite the red wave sweeping through the crypto market. Global market capitalization is down 2.35% as of writing.

XRP, formerly Ripple, rallied for a fourth straight session on Monday, as the price hit a five-month high.
XRP/USD rallied to an intraday high at $0.5029, less than 24 hours after dropping as low as $0.4573.
As a result of this move, XRP hit its strongest point since November 6, breaking out of the $0.4950 ceiling in the process.
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03/29/2023

People Are Waiting To Buy Bitcoin For $25,000?

Bitcoin was rejected at $28,000 and is currently above the support at $26,900. It is likely that the price will continue to decline to the very strong support at around $25,000. Those looking to leave the commodity system and join Bitcoin banking can wait until this support level is reached to buy. At the moment, Bitcoin is experiencing a diamond top pattern and the price has broken down to the downside. Traders can expect a suitable correction to test the previous key resistance, which has now turned into support. However, the market cannot do what people expect. DCA can be a good method for those who want to buy Bitcoin at this time. Given the predicament of the commodity system, investing in Bitcoin banking could turn out to be a good option. However, this article is for informational purposes only and is not intended to provide investment, financial, legal or tax advice.

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03/27/2023

Chinese state-owned banks are seeking access to crypto companies in Hong Kong

Hong Kong, a city that has emerged as a major hub for the cryptocurrency industry, is witnessing a surprising development. As reported by Bloomberg, the Hong Kong branch of three Chinese state-owned banks , Bank of Communications Co., Bank of China Ltd., and Shanghai Pudong Development Bank, have begun providing banking services to local crypto companies or inquiring about the sector.

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03/27/2023

Upland and the EOS Network Foundation have teamed up to host Upland's second Hackathon, focusing on the development of Metaverse web3.

Upland is a Metaverse superapp that simulates the real world and is accessible via the Web, iOS, and Android. Web2 and web3 developers are invited to participate in three different roadmaps, including Metaverse Innovation, 2023 Women's World Cup Track and Design Track.

The best ideas will be rewarded and have the opportunity to access the Incubator after Upland's Hackathon. The event is designed to foster community engagement in the Metaverse, create new experiences, and take advantage of the unique characteristics of the Upland ecosystem.

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03/26/2023

Notable news of the week

1. The Fed announced to raise interest rates by 0.25%, temporarily not changing the uptrend when the US is facing the risk of a banking crisis, helping Bitcoin rise sharply.

2. The crypto community on Twitter is spreading information that the main character of the LUNA-UST crash, Do Kwon, has been arrested.

3. Arbitrum (ARB) reached 106 USD on Bybit exchange.

4. Tether expects a profit of $700 million in the first quarter of 2023.

5. Binance users lock up $2.8 billion in BNB to join the Space ID (ID) launchpad.

6. G-Dragon launches NFT collection 7. EVE Online developer raised 40 million USD to make blockchain game.

8. Telegram supports USDT transfers in messaging apps.

9. SushiSwap and CEO Jared Gray received subpoenas from the SEC.

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03/25/2023

Bitcoin, Ether prices move sideways during financial turmoil week

Despite banking unrest and increased regulatory scrutiny, bitcoin and ether are still trading roughly where they started the week.

If you looked at the prices of digital assets seven days ago, promised yourself you wouldn't look back until a week has passed, and then looked at their prices on Thursday, you might think that nothing is worth it. tell happened.

Bitcoin and ether prices were little changed, with BTC down 0.57% and ETH down 2.52%. Trading was orderly, with overall volume following the 20-day moving averages for both assets.

This week, however, was not unsettling, with the Federal Open Market Committee (FOMC) announcing another rate hike, the banking industry trying to avert a crisis and US regulators. Ky is increasing scrutiny of the cryptocurrency industry.

Even the Biden administration is scrutinizing the crypto industry this week. The “President’s Economic Report” commented that the design of crypto assets “often reflects a lack of understanding of economic fundamentals that have been learned in economics and finance over the centuries.” century, and this inappropriate design is often detrimental to consumers and investors.”

However, much of this week's economic turmoil is tied to the bond portfolios of traditional banking institutions. The value of that bond has plummeted after the fastest rate hike in history.

The Federal Open Market Committee finally raised interest rates by 25 basis points as expected and said it expected to continue to do so because of inflation, a partial result of the 0% interest rate environment. lasted two years, still too high.

The FOMC raised its Core PCE inflation estimate for 2023 from 3.1% to 3.3%, but its final rate forecast of 5.1% was left unchanged.

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03/24/2023

US House of Representatives backs PoW mining in new resolution

The Republican-led US House of Representatives presents a resolution highlighting the importance of PoW mining for certain presumptive cryptocurrencies such as Bitcoin in its ability to achieve its energy goals. and end the domestic economy. This status is in stark contrast to the recent White House announcement of a 30% VAT increase on PoW mining. The Resolution was filed by the Sessions on March 21, 2023 and has been forwarded to the Committees in Energy and Trade, Foreign Affairs, Financial Services and Science, Space and Technology. This process sets the rules for miners to train and verify the legitimacy of every transaction using the blockchain.

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03/24/2023

⚡️ Daily news

1.Metaverse NFT trading volume hit new all-time high.

2.Bitcoin inches towards $28K.

3.Stablecoin issuer MakerDAO votes to retain USDC as primary reserve.

4.BTC/USD Skyrocketed 3.2% In The Last Session.

5.ETH/USD Skyrocketed 4.3% In The Last Session.

6.The RSI is currently in the positive zone.

7.The Stochastic indicator is currently in the positive zone.

8.The Ultimate Oscillator is currently in the positive zone.

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03/23/2023

⚡️ Daily news

1.Cryptocurrency startups in Europe raised $5.7 billion in Venture Capital in 2022.

2.Australian regulator seeks risk reports from banks on startups, crypto reports

3.Bitcoin fell below $27,000 as the US Federal Open Market Committee raised interest rates again, a quarter point.

4.BTC/USD plummeted 3.3% in the previous session.

5.The Stochastic-RSI is signaling an overbought market.

6.ETH/USD is up 4.2% in the previous session.

7.The last oscillator is currently in the negative region.

8.XRP/USD has plummeted 10.0% in the previous session.

9.The Williams indicator is currently in the negative zone.

10.LTC/USD jumped 5.0% in the previous session.

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03/23/2023

📜 Telegram supports users to send USDT in chat

❤Telegram users can now send USDT to each other in the chat. USDT has been added to Telegram's bot, expanding the messaging app's ability to buy and sell cryptocurrencies.

❤Currently Telegram's wallet feature only supports Bitcoin, Toncoin and USDT. Users can storage, send - receive, P2P Market, buy with bank cards.

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