Crypto Espresso: Your quick shot of the latest crypto moves and news
Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
Is Matic a Doge or an automatic for the people?
And in breaking news (not) no one likes Chelsea, not even He Who Made Binance.
Let’s kick this one off.
Capital.com: Bitcoin was up by 8% in European morning as traders were relieved to learn the US government under President Biden is planning to embrace cryptocurrency with its new strategy on digital assets rather than to crack down on its use.
Meanwhile, Changpeng ‘CZ’ Zhao, Chinese-Canadian founder and chief executive of Binance – one of the world’s biggest crypto exchanges – has now abandoned any plans to buy the Chelsea Football Club from former owner Roman Abromovich. Because: Chelsea.
Capital.com: Has the fever has now cooled off for ‘NFT’s? Online searches have been on a gradual decline since the end of January, Google Trends show.
Capital.com: Canine-inspired meme coin DOGE is struggling to gather momentum and is re-entering bearish territory, despite a 3% rise on Wednesday, 9 March.
Capital.com: The price of MATIC, the coin of Polygon, the Ethereum interoperability framework, is up 6% as it tries to recapture some of the momentum it picked up at the start of March.
The Hill: There is no way the crypto markets can handle the amount of money to move the needle for the Russian state.
CNBC: The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation.
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