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• Microsoft Edge users may soon have access to a crypto wallet feature, according to screenshots circulating on Twitter.
• The leak shows a potential integration of a wallet for cryptocurrencies directly within the popular web browser.
• If confirmed, the Microsoft Edge wallet will be embedded in Edge rather than a separately installed browser plugin, and it will be non-custodial in that Microsoft will have no access to the wallet’s passwords or recovery keys.

Microsoft Edge Crypto Feature Leaked

Screenshots have been circulating on Twitter showing a potential integration of a crypto wallet feature directly within Microsoft Edge. This would allow users to store and manage their digital assets securely and conveniently within the popular web browser.

Wallet Features

The leaked screenshots show that the Microsoft Edge Wallet includes features such as an explorer for decentralized applications, a news feed, and options to purchase cryptocurrency using Coinbase and MoonPay. It also allows users to swap, send, and buy crypto assets directly from the browser.

Non-Custodial Wallet

The potential new feature would make use of Web3 infrastructure which aims to decentralize data and give users more control over their online experiences. It would be non-custodial in nature meaning that Microsoft would not have access to the wallets passwords or recovery keys providing extra security for users funds.

Microsoft’s Foray Into Web3

Microsoft has been making strides in the world of Web3 with initiatives such as decentralized identity (DID) systems which allow users to create and manage their own digital identities without relying on centralized authorities. DID utilizes blockchain technology in order to provide secure storage and management of data for users.

Confirmation Awaited

Microsoft has yet to confirm this new feature but speculation is already swirling about its possible impact on the growing digital asset market should it be released publicly by Microsoft Edge at some point in future releases of the software.

•Circle, a stablecoin issuer, disclosed that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank (SVB) after the bank’s share price dropped precipitously in response to a run on deposits by nervous consumers.
•Silicon Valley Bank was shuttered by California banking regulators and a new bank, National Bank of Santa Clara, has been set up to hold all of SVB’s assets.
•USDC’s market capitalization decreased to $42.4 billion on Friday and de-pegged from the US dollar, raising concerns about its existing reserves.

The Collapse Of Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank (SVB). This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers.

Regulators Shut Down SVB

Silicon Valley Bank crumbled on Friday morning, sending shockwaves through the cryptocurrency and global markets, 48 hours after a capital crisis triggered the second-largest collapse of a US financial institution in history. According to data from CoinMarketCap, USDC’s market capitalization decreased to $42.4 billion on Friday. The USDC also de-pegged from $1, a hint of concern over its existing reserves.

Silicon Valley Bank has been shuttered by California banking regulators, who are now in charge of the lender’s deposits, a Friday press statement from the Federal Deposit Insurance Corporation shows. Based on reports, the FDIC has set up a new bank, the National Bank of Santa Clara, which will hold all of SVB’s assets. With around $209 billion in assets at the end of 2022, Santa Clara-based SVB was listed as the sixteenth largest bank in the United States.

Circle Responds To Concerns

In an effort to provide clarity on the problem, Circle reported on March 10 through Twitter that: “Following confirmation at end today that wires initiated Thursday were not yet processed…$3.3 billion remain at SVB.” In its most recent audit, Circle disclosed that as of January 31st , nearly 20% ($8 .6b) if it’s reserves were stored with various financial institutions including Silvergate and defunct SVB .

USDC Depegs From USD

Late this week , concerns grew concerning USDC . Friday evening in New York ,the price of USD Coin dropped below 1 USD for first time since launch . Although it recovered shortly afterwards , it served as evidence for some investors that stablecoins can lose their peg when there is disruption or lack confidence within their underlying infrastructure .

Conclusion

The collapse if Silicon valley bank impacted confidence surrounding USD Coin but circle responded quickly with information regarding remaining each held at this institution . It appears however ,that questions still remain concerning how stablecoins will react under similar scenarios going forward

• Litecoin released an upgrade called Litecoin Core 0.21.2.2 to increase its network security and fix critical issues affecting nodes.
• LTC prices spiked after the upgrade, encouraging miners to join the network.
• Despite the upgrade, LTC’s price has dropped significantly and numerous indicators show bearish activity in the market which may lead to miners losing interest in the coin.

Litecoin Network Upgrade

The Litecoin Foundation recently announced an update named Litecoin Core 0.21.2.2 on March 2 to improve its network security and fix critical issues affecting nodes.

Price Spike Following Upgrade

Following the update, LTC ended 2022 at $68 and recorded an intraday high of $70 and an intraday low of $67.79 on January 1st . The coin continued an uptrend until it hit $90 on January 14th and $101 on February 2nd . From February 3rd to March 3rd , LTC traded between $80, $90, and $100 on some days before falling again today at press time trading at around 89$. Coinwarz’s data shows that the network hashrate recorded a slight uptick indicating new miners joining the network following this price spike.

Bearish Market Indicators

Despite this positive response from miners, LTC once recorded a price drop of 7% in 24 hours scaring investors away from investing further into this crypto asset as well as numerous other indicators showing bearish activity in this market such as RSI being below neutral mark, lower part of Bollinger Bands touching indicating move into high volatility area as well as MACD suggesting bear runs in coming days leading to miners slowly losing their interest in this crypto asset if prices continue to drop or remain stagnant for long periods of time.

Increasing Investor Interest

One way developers can increase investor interest is by improving the networks efficiency by proposing improvement proposals that accommodate user needs while also fixing any hindering issues with transactions on their blockchain networks allowing for seamless transactions for users which could potentially encourage new investors into these markets due to increased confidence in these projects stability as well as trustworthiness when it comes to making transactions within their platforms or networks securely without any loss of funds or tokens due to any bugs or glitches existing within their systems priorly fixed through these updates or upgrades released by developers over time building more trust with investors even though there are still dangers present such as hacks or malicious actors attempting theft within these networks they are mostly avoided via proper safety measures taken by developers themselves before releasing them publicly for usage increasing investor confidence even further resulting in more investments made into these projects potentially increasing overall value of each specific asset across different exchanges globally if done correctly reassuring investors that they have nothing much too worry about when investing into cryptos apart from extreme risks associated with any type of investments no matter how secure they may seem during the initial stages of investment due to various elements involved impacting prices constantly like regulations or bans imposed by several governments worldwide reducing access for certain users drastically causing drastic drops within prices temporarily but not always since regular traders tend too mitigate such losses quickly depending upon how deep their pockets are filled with enough funds allowing them too stay afloat during hard times caused occasionally due too external factors beyond our control unless we act quickly using proper strategies designed keeping such scenarios in mind beforehand preventing losses caused otherwise if adequate preparation is done properly priorly before investing money into cryptos generally speaking not just limited too one specific crypto but all types available across different exchanges worldwide regardless off what type it maybe Fiat currencies digital tokens etcetera all should be treated equally when deciding where too invest your money wisely only then you will find success eventually reaching your desired goals set initially either short term mid term long term goals whatever may be good luck everyone!

Conclusion

While Litecoin’s recent update encouraged miners into joining its network, bearish indicators suggest that miner’s interest may begin fading away soon if prices don’t pick up shortly thereafter leaving many wondering whether this was just a mere pump & dump scheme used by whales preying upon innocent victims who are unaware off what goes behind closed doors manipulating markets according too their own whims & fancies damaging entire ecosystems built around single projects potentially destroying entire projects over night unless appropriate measures are taken swiftly preventing them from happening entirely completely eliminating potential threats posed against innocent victims directly & indirectly through adequate research & development teams working diligently day & night ensuring safety off all participants involved maintaining order within markets ensuring smooth sailing operations throughout lifetime off each project benefiting everyone involved directly & indirectly respectively until then good luck everyone!

• Ukraine turned to social media for donations in crypto when Russia invaded in February 2022.
• The Ukrainian government has been using crypto to purchase military supplies like helmets and bulletproof vests.
• Binance launched a “Ukraine Emergency Relief Fund” to support the crisis, accepting donations in crypto.

Conflict Between Ukraine and Russia

The ongoing conflict between Ukraine and Russia has brought attention to the benefits of using digital currencies for military aid. In February 2022, when Russia began its invasion of Ukraine, the Ukrainian government asked for donations in cryptocurrencies such as bitcoin, ethereum, and stablecoin via social media. This call was met with an overwhelming response of over 100,000 people contributing to help the Ukrainian military effort.

Advantages of Crypto Donations

One advantage of using digital currencies for these donations is the speed at which they can be completed. Traditional financial systems would have taken too long compared to crypto payments, which enabled quick and efficient purchases for combat essentials like helmets, bulletproof vests, optical sights and other equipment.

Binance’s “Ukraine Emergency Relief Fund”

Binance, one of the largest cryptocurrency exchanges globally, responded by launching a “Ukraine Emergency Relief Fund” that allows users to easily donate in cryptocurrency. Over $55 million was donated in a week back in March as international donors poured money into this fund.

Crypto Adoption Rates Increasing

Prior to the Russian invasion, Kyiv had already seen increasing adoption rates of cryptocurrency due to its placement at No 4 worldwide for cryptocurrency adoption last year according to market research firms. Furthermore on September 2021 Ukraine officially recognized cryptocurrencies as legal tender which further increased their use during times of crisis like this war with Russia.

Conclusion

Cryptocurrencies provide numerous advantages during times of crisis such as speed and efficiency when it comes to making donations or purchasing military supplies. This is why many countries are turning towards digital currencies instead of traditional methods during times like this conflict between Ukraine and Russia where every second counts .

• Floki Inu, a meme currency built on Binance’s BNB chain, has been growing in popularity lately due to external factors that have caused investors to flock to the token.
• KuCoin and Binance recently listed the token, causing its trading volume to increase with today’s trading volume reaching $201 million.
• With its current price of $0.00005048, Floki Inu is just behind Dogecoin in terms of social score and is currently held back by resistance at $0.0000674.

Floki Inu Making Big Headlines

Floki Inu, a meme currency built on top of Binance’s BNB chain, has been making big headlines of late. Amidst the big names in the meme coin space like Dogecoin and Shiba Inu, this dog-themed cryptocurrency emerges strong in the market. According to CoinGecko, FLOKI grew by 15% in the past 24 hours with 145% in the weekly time frame. These most recent price actions are caused by external factors that led to investors flocking to the token.

High Bullish Sentiment

BSCDaily, a Twitter account dedicated to BNB Chain news, recently shared that Floki Inu is one of the tokens that has an overwhelmingly positive bullish sentiment. Floki Inu currently occupies the 98th spot in the cryptocurrency list in terms of market cap.

Listing On KuCoin And Binance

Due to FLOKI’s rise in prominence, multiple large exchanges have listed the token. KuCoin, one of the top exchanges in the market, recently listed the token with Binance following KuCoin’s lead. This led to the token’s trading volume to balloon with today’s trading volume reaching $201 million. This led to investors flocking to Floki Inu, further increasing the social score of the token according to Gem Hunters .

Where Is Floki Headed?

Floki’s bullish price movement is only being slowed down by resistance at $0.0000674. This resistance is currently keeping back Floki from gaining more traction as it follows closely behind Dogecoin and surpasses Shiba Inu for social score metric according Gem Hunters The listing would inevitably gain more traction as more people would have access through exchanges such as KuCoin or Binance which together have nearly $30 billion worth of trading volume combined With its current price at $0..00005048 , there is potential for growth if this resistance can be broken .

Conclusion

As meme coins are becoming increasingly popular , many investors are looking for their own way into these types of tokens . With it’s recent addition onto major exchange platforms coupled with its current low price point , Floki may be one potential option for those looking for exposure . It will be interesting how this canine themed currency will fair against other competitors within this space over time .

• In November 2020, Meta (Facebook’s parent company) undertook its largest-ever downsizing, laying off more than 11,000 employees.
• Meta Platforms is now contemplating a new round of layoffs and performance appraisals are being conducted.
• Meta expects its 2023 spending to range between $89 billion and $95 billion, according to CEO Mark Zuckerberg.

Facebook’s Parent Company Undergoes Largest Downsizing

Last November, Facebook’s parent company, Meta, undertook its largest-ever downsizing, laying off more than 11,000 employees. This was part of CEO Mark Zuckerberg’s strategy to reduce expenses and bring the 2023 spending down between $89 billion and $95 billion.

New Round Of Layoffs Expected

It appears that other staff will soon be given the pink slip as well. The Financial Times reported on Saturday that Meta Platforms has put off finalizing the budgets of numerous teams as the company contemplates a new round of layoffs. In the last few weeks, there was a lack of clarity on budgets and future headcount, the Financial Times disclosed citing two Meta employees familiar with the matter. Layoffs are anticipated to occur in March after employee performance appraisals have been conducted by the firm.

Costly Terminations For The Company

The impending terminations are costly for the company; three current and former employees of Meta who requested anonymity said that severance and other employee related costs amounted to $975 million on Meta’s balance sheet or an average of $88000 per terminated employee.

CEO Addresses Difficult Decision To Reduce Workforce Further

During a recent earnings call, Zuckerberg addressed this difficult decision: “I said clearly that this was the beginning of our focus on efficiency and not the end,” Zuckerberg said referencing mid-term cost reduction plans which included flattening organizational structures across different departments such as Instagram Whatsappand Facebook while sparing Metaverse positions from termination at least initially.

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• The Bitcoin price continues to be strongly influenced by the macroeconomic conditions in the US, with the recent 5-month high of $24,241 followed by a 3% decline this weekend.
• The strong US labor market data released last Friday was largely responsible for this drop as it caused a surge in the dollar index (DXY).
• This week, investors will mainly be focusing on Fed Chairman Jerome Powell’s comments tomorrow and US initial jobless claims data on Thursday.

Bitcoin Price Drop After US Labor Market Data

The Bitcoin price has been declining since its 5-month peak of $24,241 last Wednesday due to macroeconomic factors in the US. Over the weekend, BTC dropped another 3% and was priced at $22,810 as of press time. The initial surge was a result of Federal Reserve’s interest rate hike decision and dovish comments from Jerome Powell but this was dampened by strong US labor market data released last Friday.

US Job Growth And DXY Bounce

According to figures from the U.S. Bureau of Labor Statistics, an impressive 517,000 new jobs were added last month which is likely to extend the Federal Reserve’s current monetary policy leeway. As a consequence, there has been a surge in the dollar index (DXY) from below 101 to 103 – dragging down BTC accordingly.

Focus On Fed Chair Powell And Initial Jobless Claims

This week crypto investors will mainly be paying attention to what Fed Chairman Jerome Powell has to say during his press conference tomorrow (Tuesday), hoping that he will repeat his dovish statements from FOMC or make new ones that could potentially support Bitcoin prices again. Additionally, U.S.’s initial jobless claims report on Thursday will also influence investor confidence as this is considered one of the most important measures for assessing labor market conditions in America.

A Chance To Rebound?

On February 14th there will be another significant event when Consumer Price Index (CPI) for January comes out which could offer an opportunity for BTC prices to rebound if its results are favorable enough for investors’ sentiment towards Bitcoin and other cryptocurrencies in general..

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Bullet Points:
– On-chain data shows a significant amount of old Bitcoin supply has flowed into Binance today, potentially bearish for the crypto’s price.
– The relevant indicator here is the “Spent Output Age Bands” (SOAB), which measures the total amount of Bitcoin that each age band in the market is moving currently.
– The 1m-3m and the 3m-6m age bands are the relevant cohorts for the current discussion, and their SOAB values have been quite high today.

Recently, on-chain data has revealed that a significant amount of old Bitcoin supply has flowed into Binance today, something that could potentially be bearish for the crypto’s price. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which measures the total amount of Bitcoin that each age band in the market is moving currently.

The “age bands” here refer to coin groups divided based on the age of the coins belonging to them. For example, the 6m-12m age band includes the total number of coins that have been sitting dormant on the blockchain since at least 6 months and at most 12 months ago. The SOAB metric for this age band would then tell us how many of these coins from this age band are being transferred right now.

A modified version of this indicator is the “exchange inflow SOAB,” which only tracks transactions that are going toward exchanges. Investors usually deposit to these platforms for selling purposes, so large values of this metric can have a bearish impact on the price.

In the context of the current discussion, the 1m-3m and the 3m-6m age bands are the relevant cohorts. An analyst from CryptoQuant recently pointed out that this aged supply is likely to be in profits and hence the deposits could have been done to sell it.

A chart of the trend in the SOAB data for these two age bands over the past day shows that the value of the metric seems to have been quite high today. This suggests that a significant amount of old Bitcoin supply has been deposited to Binance today, which could potentially impact the crypto’s price negatively.

It is important to note that this analysis is based on on-chain data, which is not always a reliable indicator of market movements. Therefore, investors should also consider other factors before making any decisions.

• Crypto executives have issued warnings in response to Stephen Jones’ comments about the country’s regulatory framework on digital assets.
• Jones proposed token mapping as a part of an effort to bring in legislation to regulate the digital asset sector.
• He also mentioned that the government is not keen on structuring an entirely new set of rules for crypto, which fundamentally shares the same characteristics as a financial product.

The crypto industry in Australia is up in arms following a comment made by Stephen Jones, Assistant Treasurer and Minister of Financial Services, in an interview with the Sydney Morning Herald on January 22. Jones proposed token mapping as a part of an effort to bring in legislation to regulate the digital asset sector later in 2023. This has caused a flurry of disquiet among crypto executives in the country, who are wary of the government’s stance on classifying all cryptocurrencies as financial products under the law.

One crypto executive admitted that token mapping would be necessary as part of the government’s efforts to regulate the digital asset sector. This would be followed by a consultation process within the industry. However, Jones mentioned that the government is not keen on structuring an entirely new set of rules for crypto, which fundamentally shares the same characteristics as a financial product. He said: “I don’t want to pre-judge the outcomes of the consultation process we are about to embark on. But I start from the position that if it looks like a duck, walks like a duck, and sounds like a duck, then it should be treated like one.”

The minister further added that “Other coins or other tokens are essentially used as a store of value for investment and speculation. There is a good argument that they should be treated like a financial product.” While this may be true, the crypto executives are concerned that such a move would stifle innovation in the industry. It could also hinder the growth of cryptocurrency businesses in Australia, as they would be subject to the same stringent regulations as traditional financial products.

The debate surrounding the classification of cryptocurrencies as financial products is ongoing and the crypto industry is keen to see how the government will move forward with its plans. It remains to be seen whether the government will go ahead with its proposal of classifying digital assets as financial products, or if it will come up with an entirely new set of rules for the crypto sector. Nevertheless, it is clear that the crypto executives in Australia are not happy with the potential implications of such a move and are hoping that the government reconsiders its stance.

• On-chain data shows that large Bitcoin whales have been accumulating in the last 10 days as BTC has rallied strong.
• A relevant indicator here is the “BTC Supply Distribution” which tells us which wallet groups on the network are holding what percentage of the total supply.
• The total percentage of the Bitcoin supply held by the 10-100 coins band has been rising for the past 10 weeks or so.

In the past 10 days, large Bitcoin whales have been accumulating as Bitcoin (BTC) has rallied strongly. On-chain analytics firm Santiment has been tracking the activity of whales and other large holders through its “BTC Supply Distribution” metric. This metric tells us which wallet groups on the network are holding what percentage of the total supply.

The wallet groups here refer to ranges that denote the upper and lower bound for the number of coins that each wallet in a given group is currently holding. For instance, the 1-10 coins band includes all wallets that are carrying at least one Bitcoin and at most ten Bitcoin right now. The Supply Distribution metric for this group would then show the share of the total Bitcoin supply that the combined balances of all the wallets falling into this range currently occupy.

In the context of the current topic, there are three wallet groups of interest: 10-100 coins, 100-1,000 coins, and 1,000 to 10,000 coins. As displayed in the graph from Santiment, the total percentage of the Bitcoin supply held by the 10-100 coins band has been rising for the past 10 weeks or so. Holders with balances in this range are usually called “sharks.”

Over this period, the value of the Supply Distribution metric for this band has risen from around 6.45% to 7.55%. This indicates that wallets with balances between 10 and 100 Bitcoin have added a total of 37,100 BTC to their holdings in the past 10 days. This is a significant amount of Bitcoin, and it suggests that large holders have been accumulating during the recent rally.

This accumulation of Bitcoin by whales is a positive sign for the market. It indicates that large investors are confident in the long-term prospects of the cryptocurrency and are taking advantage of the current market conditions to add to their holdings. The recent accumulation of Bitcoin by whales could also indicate that the current rally is far from over and that more upside could be in store for the cryptocurrency in the near future.