@Lixten 31 March 2022

March: Crypto at a glance - BCH price spikes Here’s a glance at some of the happenings in the crypto space. Bitcoin Cash (BCH) Spikes to over $380

Bitcoin Cash hasn’t been this high since mid January. For the last two weeks, the price has surged. Now, as of the writing of this email, the price is $386. How will this impact trading and investing? Axie Infinity Hack: Hackers steal over $600 million - biggest crypto hack ever?

*Image source* https://axie.win/en/what-step-hack-axie-infinity/ Cryptocurrency hacks are not rare, but record-breaking sums are not stolen everyday. Just several days ago Axie Infinity's Ronin Bridge (which acts as the foundation for the popular play-to-earn game hosted on the Ethereum blockchain) was exploited and a sum larger than 600 million dollars in ETH and USDC was stolen. This might be the largest cryptocurrency hack ever. Find out more here. https://edition.cnn.com/2022/03/29/tech/axie-infinity-ronin-hack/index.html Bitcoin.com Announce $Verse - the native utility and reward token of the ecosystem

*Image Source* https://news.bitcoin.com/bitcoin%E2%80%A4com-to-launch-utility-and-rewards-token/ $Verse, a native token and rewards of the Bitcoin.com ecosystem has been announced. “*With 29 million wallets created and over five million monthly active users, it is time to launch a mechanism to reward the Bitcoin.com community for buying, selling, spending, swapping, investing, and staying informed about crypto – and that mechanism is Verse"* - Bitcoin.com CEO Dennis Jarvis. You can read the **Verse white paper** for details on the token. https://email.bitcoin.com/e/c/eyJlbWFpbF9pZCI6IlJPem5CUU1BQVhfZ1NxUXlFdmZkSWhCY1ZselNYUT09IiwiaHJlZiI6Imh0dHBzOi8vYml0Lmx5LzNMN3dkazMiLCJpbnRlcm5hbCI6ImVjZTcwNTE5Yzg3ZGY5ZTAyZSIsImxpbmtfaWQiOjUwMjl9/4976487ca0edd3d20fc8d7117147addc44e1cc8de5bc5b5433bf903190ad2e18 South Korea to become Crypto Hub

*Image Source* https://www.fxempire.com/education/article/south-korea-is-making-deliberate-efforts-to-become-a-cryptocurrency-powerhouse-524374 *Yoon Suk-yeol – South Korea’s new president – promised he will allow initial coin offerings (ICOs) and impose friendly crypto taxation rules.* Smaller South Korean exchanges were forced to flee. They head to Singapore because the current regulations stifle their crypto businesses. The South Korea's newly elected President, Yoon Suk-yeol,  plans to change all of that. His first target is the 20% levy on crypto trading profits over 2.5 million Won ($2,035), which has people excited about the future for South Korea. Find out how South Korea’s new President aims to turn the country into crypto hub here. https://cryptopotato.com/this-is-how-south-koreas-incoming-president-aims-to-turn-the-country-into-crypto-hub/ White House Executive Order on Cryptocurrency

*Image Source* https://beincrypto.com/biden-administration-planning-executive-order-on-crypto/ The cryptocurrency markets have been holding their breath. Before the U.S. President Joe Biden signed the executive order, rumors were that the coming regulatory framework for digital assets in the U.S. might change everything by giving several government agencies broader oversight. U.S. President Joe Biden signed an executive order on March 9 directing different federal agencies to examine the risks and benefits of cryptocurrencies and to coordinate their approach to this space. The executive order neither laid out specific positions or directions the administration would like agencies to adopt, nor does it impose new regulations on the space. How has the order impacted the Crypto World? Read more here. https://www.nasdaq.com/articles/what-the-biden-executive-order-means-for-crypto-blockchain BitConnect Founder on the Run It isn't the start of a novel, but it could be. BitConnect, now infamous, has been charged with running a $2.4 Billion Ponzi Scheme, and founder Satish Kumbhani bolted. Reportedly, he’s gone to ground in India, but the SEC has no idea where to find him.  Want to read the whole sorted story? Find out more here. https://clt1345364.bmetrack.com/c/l?u=D84C3B1&e=13F3C5C&c=148754&t=0&l=737BDB84&email=gUewTHZ2sQXGnmX7uLqNgI9nNPuw6lIV&seq=1