According to Glassnode's latest weekly report, Bitcoin net flows have been mostly negative over the past few months, although the price has tended to decline over the period. A negative net flow indicates that Bitcoin exits from exchanges.
Two More German Banks Plan to Offer Cryptocurrency Services
Commerzbank and Volks- und Raiffeisenbank – a German universal bank and brand of cooperative banks, respectively – have started developing concepts to enable customers to buy and sell cryptocurrencies.
Tension in the Markets Before the Fed Decision
The US government plans to reduce the rate of adding new assets to its balance sheet and, possibly, leave the monetary stimulus. The price of Bitcoin has also fallen by more than 31 percent since its all-time high of $69,044 in November, and economic uncertainties have pushed down the prices of major U.S. stocks.
Avalanche Integrates Circle's USDC to Boost DeFi Adaptation
Circle has announced that it will provide local support for the USDC stablecoin pegged to the dollar in Avalanche. After integration, users will be able to use USDC directly on Avalanche. USDC is currently the most widely used fixed coin in Avalanche.
AccuWeather Chainlink Node Goes Live
AccuWeather's Chainlink node has gone live. The node will allow AccuWeather to provide weather data to smart contracts. Many other companies have gone to an agreement with Chainlink in recent months.
Another Lawsuit against Tether
A class-action lawsuit has been filed against Tether Holdings, the issuer of the USDT stablecoin, by a group of disgruntled investors. The legal complaint was filed in a New York court by US citizens Matthew Anderson and Shawn Dolifka. The plaintiffs represent other class members who have purchased USDT.
The Central Bank of Ukraine to Launch the Pilot of Digital Currency Using Stellar
The Stellar Development Foundation announced today that the Stellar blockchain would be used to pilot an electronic version of the hryvnia, the national currency of Ukraine. The pilot application was conducted by the FinTech firm Bitt and TASCOMBANK, with the encouragement of the Ministry of Digital Transformation and the country's central bank
will supervise it.
Three Arrow Capital Buys Ethereum Again
According to data from Etherscan, crypto hedge fund Three Arrows Capital (3AC) has made a $56 million purchase (about 14,833 ETH) on Ethereum following a market downturn.
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.