Mediaboss Marketing

Market picture

Bitcoin is down 2.6% in the last 24 hours to $27K. The crypto market's total capitalisation fell 1.9% to 1.14 trillion. The decline was triggered by the CFTC's surprise lawsuit against Binance. According to the agency, the platform violated derivatives trading rules by operating without proper registration. Its issued coin, BNB, lost more than 5% overnight.

According to CoinShares, investments in cryptocurrencies rose last week for the first time after six weeks of decline, amounting to $160 million - the highest in the previous eight months.

Investments in Bitcoin increased by $128m, while Ethereum decreased by $5m due to investor concerns about the traditional financial sector (TradFi), suggest Coinshares.

As with FTX, it is difficult to question the viability of Bitcoin or Ethereum. However, investors should ask themselves again: Are my funds safe? If banks are a risk, crypto exchanges are an even more significant risk. But is cash and crypto so risky in cold wallets?

MicroStrategy has bought 6,455 BTC worth $150 million since mid-February at an average price of $23,238, said company founder Michael Saylor. In total, MicroStrategy holds 138,955 BTC worth $4.14 billion.

At their next meeting in May, the leaders of the Group of Seven (G7) countries will discuss tighter regulation of digital assets worldwide.

US venture capitalist Tim Draper has urged to prepare for the collapse of new banks if the government continues to print money and raise rates. In his opinion, it is worth having investments in at least two cryptocurrencies and two accounts at different banks.

Crypto-enthusiast DonAlt, who accurately predicted the "bottom of BTC" in 2022, believes the first cryptocurrency is in the early stages of a new bullish cycle with targets at $100K.

Coinbase, Crypto exchange, is considering launching a so-called "flatcoin" linked to the inflation rate. The value of the token would reflect the cost of living.

More here:

The lawsuit against Binance highlights cryptocurrency infrastructure risks - FXStreet

CITY OF INDUSTRY, CA / ACCESSWIRE / March 27, 2023 / In the latest development, Fmytex Global emerges as a reliable platform for cryptocurrency trading and revenue growth. Fmytex increased over 1,000,000 verified users, a number that has continued to grow steadily over time. This substantial increase in the number of users is a testament to the trust that customers have placed in Fmytex as a reliable platform for cryptocurrency trading and investment.

Fmytex Global, Monday, March 27, 2023, Press release picture

In Q4 of 2022, the exchange saw a 34% increase in transaction volume, reaching $6.43 billion. This growth continued into January and February of 2023, with a notable increase in the exchange's average daily volume to $95 million. According to Fmytex's Chief Financial Officer, "Looking back on 2022, we're proud of our ability to execute and position our business as a regulated and legitimate market leader." Fmytex's focus on regulation and legitimacy has paid off, as evidenced by the significant increase in trading volume.

A number of venture capital firms have invested in Fmytex Global, reflecting the investors' confidence in the company's potential for growth and profitability. The company received a $500,000 Series A investment in 2019, followed by a $5 million Series B investment in 2019. In 2021, the company received a massive investment total of $497 million from a consortium of venture capital firms. In conclusion, the increased interest and investment from venture capital firms for Fmytex highlight the immense potential of the company.

Additionally, the company's strong global expansion plan and acquisition of innovative technologies have helped position Fmytex as a stronger player in the cryptocurrency exchange industry. The company's strong overseas expansion plan includes laying out pivot points in Europe, East Asia, Southeast Asia, and Africa.

Fmytex has already established a physical office in the United States and is operational in more than 37 countries around the world. The company is committed to providing its services to a wider audience and is expanding its services for retail users in Malta, where it has also opened a physical office. Furthermore, Fmytex has completed the establishment of its organizational structure in Japan and has made its first acquisition in the country, demonstrating its commitment to the East Asian market.

Story continues

The company is registered with FinCEN in the US and holds further licenses in Malta, and Japan, ensuring compliance with regulatory requirements in the jurisdictions in which it operates. With a commitment to using new technology to automate customer experience tools, Fmytex is poised to continue expanding its operations and providing its services to a wider audience around the world.

Fmytex Global is quickly becoming a household name in the crypto space.

Contact:

ELIEZER LANDA BARTOLOCompany Name: Fmytex Co., LTDWebsite:https://fmytex.com/Email: service@fmytex.com

SOURCE: Fmytex Global

View source version on accesswire.com: https://www.accesswire.com/745996/Fmytex-Global-Emerges-as-a-Reliable-Platform-for-Cryptocurrency-Trading-and-Revenue-Growth

Continue reading here:

Fmytex Global Emerges as a Reliable Platform for Cryptocurrency Trading and Revenue Growth - Yahoo Finance

Read U.TODAY on

Google News

Chris Burniske, a prominent cryptocurrency analyst, has expressed a bullish outlook on the future of the crypto market, despite the ongoing banking crisis, regulatory battles and other challenges. Burniske believes that the current issues may lead to short-term volatility but will ultimately prove to be beneficial for cryptocurrencies in the long run.

According to Burniske, the current banking crisis is a result of monetary policy-induced issues, such as hasty rate hikes, which can be resolved by adjusting monetary policies. He expects that the Federal Reserve and other central banks will lower interest rates, potentially even this year, which will improve the balance sheets of struggling banks and reinvigorate growth stocks and cryptocurrencies.

Burniske also opines that the ongoing banking crisis is more likely to cause disinflation than hyperinflation. He highlights the difference between the buying the dip strategy and stimulus payments, stating that while stimulus payments directly affect consumer spending, such an approach helps shore up bank balance sheets without an immediate impact on the broader economy.

In terms of regulation and legislation, Burniske acknowledges that the crypto industry is currently in the "fight" stage, with the scale of the fight revealing the enormous opportunity at stake. He predicts that crypto will be an issue for voters in the 2024 elections, indicating progress for the industry.

Burniske agrees with the idea that fiat currency will eventually lose its value but emphasizes that this process takes time, and the U.S. dollar is still in demand with low velocity. He remains highly optimistic about the potential of cryptocurrencies, describing blockchains as critical infrastructure that can provide solutions to various societal challenges, including artificial intelligence.

Excerpt from:

Prominent Analyst Says Cryptocurrency Is Stronger Than Ever, Here's Why - U.Today

Officials from the Group of Seven (G7) leading industrial countries will discuss regulations on cryptocurrencies to improve transparency and consumer protection as part of preparations for the next meeting of the group in Hiroshima, Japan, in May, Kyodo News reported on Sunday. The group aims to take the lead in setting global standards for emerging digital asset industries, the report said.

See related article: Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June

The members Japan, the U.S., U.K., Canada, France, Germany and Italy make up the group along with the European Union plan to include cryptocurrency regulation in the leaders declaration that typically follows a G7 meeting, Kyodo News reported citing unnamed officials with knowledge of the plan.

Cryptocurrency related issues will also be a part of the upcoming G20 meeting of financial ministers and central bank governors set to take place in Washington D.C this April, according to Kyodo.

Since last year, Japan has announced relaxed restrictions on the crypto sector, such as plans to allow domestic investors to trade certain stablecoins issued overseas on local platforms.

Other Asian regions, such as Hong Kong and South Korea, have also announced new approaches to the crypto and digital asset industry, as well as metaverse initiatives, to promote the efficiencies and benefits of the new asset class.

In contrast, U.S. financial regulators have cracked down on local crypto trading platforms, imposing fines and threatening legal action against digital asset staking services, alleging they violate the countrys securities laws.

However, the state of Texas is introducing legislation to attract crypto investment and protect the interests of such companies, illustrating the divide over how to treat the emerging industry and its potential disruption of traditional financial interests.

The International Monetary Fund (IMF) released an action plan in February which said countries should not grant cryptocurrencies official currency or legal tender status, citing risks to monetary stability.

See related article: Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes

View post:

G7 nations set to push for stricter cryptocurrency regulations at Japan summit in May - Yahoo Finance

The Grand Theft Auto series is known for its humorous ways of interpreting life and its unapologetic brand of jokes makes the game stand apart. Rumors are rife that Rockstar Games could integrate cryptocurrency and Metaverse in the upcoming GTA 6.

GameRant claims that GTA 6 might bring in crypto and Metaverse but would be revered as a joke in the game. According to the game publication, GTA 6 could mock and poke fun at cryptocurrencies and Metaverse either in their radio or game missions.

Also Read: Burger King Accepts Shiba Inu in Paris, Will McDonalds Accept SHIB Next?

From what is already known about the direction of GTA 6s humor. The contemporary relevance of things like cryptocurrency and the Metaverse will likely make them the subject of a lot of mocking humor in the massive new title, they predicted.

They noted that Rockstar Games could have taken notice of the massive growth of cryptocurrencies and Metaverse. GTA 6 could most likely include the new financial sector as a joke and nothing else.

Also Read: FTX: Sam Bankman-Fried Reaches New Bail Agreement With Prosecutors

In GTA 4, Rockstar Games introduced the stock markets but it had no relevance through in-game missions. Things changed in GTA 5 as the main character had a mission to manipulate the stock markets. Gamers could also trade stocks on their in-game mobile phone and earn extra income. Considering that Rockstar Games always keeps the bar high, it wont come as a surprise if cryptocurrencies are included in GTA 6. The inclusion might come as a joke, or in-game missions, only time will tell.

Also Read: Do Kwon Established a Company for $1 in October 2022

Also, a tentative release date for GTA 6 is not revealed by Rockstar Games. Speculations are rife that the game might release sometime in 2025. We will have to wait and watch for an official confirmation from the team regarding the release. GTA 5 was released in 2013, and its nearly a decade since the next GTA franchise has remained underworks.

More here:

GTA 6 Will Mock Cryptocurrency & Metaverse Through Radio ... - Watcher Guru