The cryptocurrency market gains strength on the morning of this Wednesday (16), in line with the appreciation of Asian stocks and in anticipation of the Federal Reserve meeting. Bitcoin is up 5% in the last 24 hours, trading at $40,469.28, data from CoinGecko shows. Ethereum is up 6% to trade at $2,684.99. In Brazil, Bitcoin advances 4.95%, quoted at R$ 207,351.43, according to the Bitcoin Portal Index (IPB). The highest-cap cryptocurrency rose as much as 5.7% in Asian trading Wednesday to $41,691, outside the narrow range in which it has been trading for most of the past week. Edul Patel, co-founder of automated digital trading platform Mudrex, told Bloomberg the brief jump may have been driven by retail investors betting on a smaller-than-forecast rate hike by the Federal Reserve in today’s decision. earnings in asia The performance of equity indices in Asia may also have helped, with positive signals from China. After a meeting, the Chinese government’s Financial Stability and Development Committee pledged to “actively introduce policies that benefit markets” shaken by controls over real estate, overseas business listings and internet giants. Other cryptocurrencies show gains this Wednesday such as Binance Coin (+2.1%), XRP (+1.6%), Cardano (+1.5%), Avalanche (+4%), Polkadot (+5.6%). %), Dogecoin (+2%) and Shiba Inu (+1.4%). Bitcoin has spent the past few days plunging into the narrowest trading range since October 2020, a phenomenon some market watchers attribute to long-term investors who jump in to buy whenever the cryptocurrency drops. At the same time, selling by short-term investors prevents BTC and other digital assets from accumulating consistent gains. limited rally With the prospect of higher interest rates in the US and fallout from the Russia-Ukraine war, billionaire Michael Novogratz, a crypto investor who runs Galaxy Digital, said Bitcoin should continue to trade in a range between $30,000 to $30,000. 50,000 in 2022. “I don’t think Bitcoin can go up ‘aggressively’ until we take a break,” Novogratz said in a TV interview with Bloomberg Crypto. “Bitcoin is a storytelling story, it’s bringing people into the community,” Novogratz said. “It’s hard to bring in new people when their house is on fire.” Ukraine-Russia War On the geopolitical scene, President Volodymyr Zelensky speaks to the US Congress on Wednesday in an appeal for more military aid. The leaders of Poland, the Czech Republic and Slovakia meet with the Ukrainian president on Tuesday in Kiev, according to the New York Times. US President Joe Biden will announce $800 million in aid to Ukraine as NATO defense ministers meet to discuss sending more forces to eastern European borders. Other highlights “CZ” in Brazil: Binance CEO Changpeng “CZ” Zhao posted on Twitter on Tuesday afternoon (15) a photo with the governor of São Paulo, João Doria, in which he commented that it was a great pleasure to meet the politician. A few minutes later, Doria replied: “Count on São Paulo”. The meeting took place on Monday afternoon, according to the governor’s official schedule. The reason for the meeting was not informed by Organs public bodies consulted by the Bitcoin Portal or by the brokerage’s communication office. CZ should be present at Ethereum.Rio, an event that takes place throughout the week at the Museum of Tomorrow, in Rio de Janeiro. Brazil Blockchain Network: Also on Ethereum.Rio, Gladstone Arantes, head of blockchain initiatives at BNDES, brought details about the Rede Brasil de Blockchain (RBB), which will run on Hyperledger Besu 2.0, a system with a consensus protocol based on proof of authority ( “proof of authority”), in which there will be no mining. BB crypto fund: With an initial investment from R$ 1 thousand and a promise to invest 100% of the resources in ETFs and international cryptoactive funds, BB Multimercado Criptoativos Full IE arrives as an alternative for qualified investors – with at least R$ 1 million in investments – that seek to expand the diversification of the portfolio, highlights Valor Investe. Expansion of Banco24Horas: Marcelo Gomes, director of administration, finance and people at TecBan, owner of the Banco24Horas network, told Folha’s SA Panel that the company wants to expand investments in open banking and open insurance, in addition to advancing in the digital currency market. Currently, the company’s ATMs already convert cryptocurrencies into cash. venture capital ConsenSys capture: The software incubator for Ethereum announced on Tuesday (15) that it had raised $450 million in a “series D” round (funding aimed at companies that want to achieve new goals) led by ParaFi Capital and other important names, including Microsoft and SoftBank. With the new capital injection, ConsenSys is now valued at more than $7 billion. custody bet: Hex Trust, a Hong Kong startup offering custodial services for cryptocurrencies, is now valued at $300 million, 10 times more than a year ago, following a funding round led by Animoca Brands and Liberty City Ventures. The “series B” round, which raised $88 million, also saw participation from investors including Ripple, Terra, Morgan Creek and Primavera Venture Partners, the startup said in a statement on Wednesday. investment in crypto: Global investors are acquiring stakes in cryptocurrency funds and companies, a sector that, for many, could withstand the fallout of the Russia-Ukraine conflict. In a note to clients published by Reuters, research firm Fundstrat said that venture capital investors injected around $4 billion into cryptocurrencies in the last three weeks of February. Regulation and CBDCs Mayor support: Miami Mayors Francis Suárez and New York Mayors Eric Adams see blockchain technology as a way to increase equality and diversity in their respective cities, and also to challenge authoritarian regimes, according to CoinDesk. Suárez and Adams participated in a panel at fintech Inveniam’s Web3 conference on Wednesday. Metaverse, Games and NFTs NFTs on Instagram: “We are working to bring NFTs to Instagram in the short term,” Mark Zuckerberg, Meta’s CEO, said Tuesday on a panel at Austin’s South by Southwest Festival, according to a report. tweet from Engadget Senior Editor Karissa Bell. But Zuckerberg added: “I’m not ready to announce today exactly what it will be.” NFTs at Rio festival: With the aim of uniting art, music and technology, a partnership with the crypto company Digitiva intends to use blockchain to issue 400 NFTs, which will be marketed during the eight days of the Tim Music Noites Cariocas Festival and signed by the artist René Machado. The event will feature concerts by IZA, Ney Matogrosso and AnaVitória, according to Exame. Brazilian game integrates NFTs: Wildlife Studios, a mobile game developer that records more than two billion total downloads of its games, announced on Tuesday that it will use the Avalanche blockchain to integrate NFTs and tokens into the Brazilian game Castle Crush, available for iOS systems and Android and which has been downloaded over 75 million times to date.
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