Bitcoin options worth $6 billion are expected to expire on Friday, March 26. BTC pricing may be positively affected if investors continue to buy BTC after the expiration date. If options are not exercised and the investors take profit, an opposite trend may be expected.
Young Investors Prefer Crypto Coins
The UK's financial regulator FCA has conducted a comprehensive research on young investors. Findings reveal that young investors are more interested in higher-risk investment vehicles, primarily cryptocurrencies.
Ethereum's High Gas Fee Problem May Not Be Solved
According to the report prepared by CoinMetrics, even a very strong network upgrade is probably not enough to reduce transaction fees of Ethereum. Even though the amount of gas used per transaction in Ethereum increases, gas fees continue to increase due to the transaction intensity.
NFT Step from Datça Municipality
Datça Municipality announced that it has put the tweet it posted on Valentine's Day into NFT and put it up for sale. The municipality has already started receiving offers and the highest bid is $6,000. NFT revenues will be used for female students in need.
New $3 Trillion Plan from Joe Biden
According to the news reported by the New York Times, US President Joe Biden is preparing a new $3 trillion spending plan. Details are expected this week for the spending plan, which will be financed by tax on wealthy US citizens and companies.
Liquidation of $1.6 Billion in One Night
With Bitcoin falling below $54,000 at night, there was a liquidation of $1.6 billion in the cryptocurrency market. Positions in liquidation include $953 million worth of Bitcoin and $255 million worth of Ethereum positions.
SEC Rejects Statements about Ethereum and Bitcoin
In the latest letter to the SEC, Ripple had asked for detailed documentation on the classification of Ethereum and Bitcoin. The SEC's final decision was to demand the denial of this request. The SEC also stressed that the main problem is with XRP, that BTC and ETH are a false source of defense for XRP.
Reactions to the Central Bank of India Grow
Nilekani, co-founder of Infosys, reacted to the Central Bank of India's step to ban cryptocurrencies. The famous billionaire argued that cryptocurrencies should be seen as an asset class.
Jack Dorsey Sells His First Tweet for $2.9 Million
Twitter founder Jack Dorsey turned his first Tweet posted on Twitter into NFT and put it up for sale at the auction. $ 2.9 million received from the sale of the NFT will be donated to charities in the African region.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.