Monday, May 9, 2022

Your Weekly Update On All Things Crypto

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TL;DR

Binance Receives DASP Registration In France As CZ Continues To Work Alongside Regulators...
Vasil Hardfork Just Around The Corner As All Eyes On Cardano...
Google Is Assembling A Web 3.0 Team...
Gucci Moves To Accept Crypto In Select Stores...
Polkadot Has Announced Cross-chain Communications Protocol...
Bitcoin Support Fails, Suffers ~12% Loss on the Week
ETH/BTC Ratio Flat, but M omentum is Waining

MACRO NEWS

Binance Receives DASP Registration In France As Changpeng Zhao Continues To Work Alongside Regulators...

The AMF (Autorité des marchés financiers) has officially provided Binance France a DASP (Digital Asset Service Provider) registration, with the consent of the ACPR (Autorité de Contrôle Prudentiel et de Résolution).

This achievement marks Binances first DASP in Europe and reflects the exchanges dedication...

Vasil Hardfork Just Around The Corner As All Eyes On Cardano...

As the Cardano (ADA) ecosystem grows and evolves, its team has been working tirelessly in terms of providing important updates which outline all of the developments that regularly occur with the eventual goal of adhering to the projects roadmap. Most recently, all eyes are on the upcoming Vasil hardfork...

Google Is Assembling A Web 3.0 Team...

Google is reportedly assembling a Web 3.0 team to create new services for developers operating blockchain apps....

Gucci Moves To Accept Crypto In Select Stores...

The Central African Republic has now become the worlds second country to accept Bitcoin (BTC) as legal tender, confirming reports that had circulated for a few days.

As per a statement from President Faustin Archange Touadera, the National Assembly recently approved an officially signed...

Polkadot Has Announced Cross-chain Communications Protocol...

Polkadot (DOT) has just announced a new cross-chain communications protocol, with the team claiming it shall eliminate the need for clunky bridging procedures which have already cost the cryptocurrency sector billions of dollars...

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TECHNICAL ANALYSIS

Bitcoin Support Fails, Suffers ~12% Loss on the Week

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ETH/BTC Ratio Flat, but Momentum is Waining

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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.