Monday March 27, 2023

Your Weekly Update On All Things Crypto

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TL;DR

UAE Announces CBDC Strategy, Work Begins On Digital Dirham
Do Kwon Arrested In Montenegro After Months On The Run
New CBDC Ban Suggested By Florida Governor
Leading VC Firm Successfully Closes $1.2 Million Seed Round
Bitcoin(-0.5%) Flat On The Week But Finds New Support Level Above $26,700
Ethereum(-0.6%) Turns 50-week Moving Average Into Support

MACRO NEWS

UAE Announces CBDC Strategy Work Begins On Digital Dirham...

As the United Arab Emirates (UAE) prepares its core infrastructure for the future of finance, the UAE Central Bank has started implementing its central bank digital currency (CBDC) strategy, the Digital Dirham. A CBDC is a digital representation of government-issued currency.

Do Kwon Arrested In Montenegro After Months on the Run...

Do Kwon, the fugitive crypto boss responsible for the infamous collapse of the Terra (LUNA) ecosystem, was recently apprehended in Montenegro, according to South Korean police.

New CBDC Ban Suggested By Florida Governor...

Florida Governor Ron DeSantis has introduced new legislation to protect residents from a national CBDC (Central Bank Digital Currency) in accordance with the new Uniform Commercial Code.

Leading VC Firm Successfully Closes $1.2 Million Seed Round...

Contango Digital Assets has successfully closed its $1.2 million seed round for its parent business to establish Web3 infrastructure and spread awareness for Contango as a top investment firm going forward.

Thus far, Contango has deployed over $7 million to support more than 50 Web3 teams, with plans to at least double that figure this year.

INDUSTRY EVENTS

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TECHNICAL ANALYSIS

Bitcoin (-0.5%) Flat On The Week But Finds New Support Level Above $26,700

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Ethereum (-0.6%) Turns 50-week Moving Average Into Support

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.