The light you see at the end of the tunnel is the front of an oncoming train! (weekly crypto updates)

Mihalache Catalin (aspiring polymath)
Coinmonks

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A new week and Operation ChokePoint is going on as usual, with the US government realized that they cannot control crypto, so they are trying to block the withdrawal from blockchain to a bank account. Unintended consequences law activated, most probably other countries will become crypto-friendly, get lots of money in their economy, and use another fiat ramp than the dollar soon, more probably. The USA will lose the tech and blockchain race, as many other times when they ignored emerging technologies. Not an ideal world, but we can roll with it. The next 20 years will show us how this will happen. What else? Read below:

  • Bitcoin: BTC was once again above 28K lately hitting $28.619 on Wednesday, very close to the last 90-day highs of $28.803, and it has appreciated 71.4% since the year started. Last year had suffered losses every single quarter. MicroStrategy buys another 6455 BTC for $150M, at the average price of $23.238. Not bad!
  • Ethereum: Shanghai and Capella’s upgrades are scheduled on April 12, and you will be able to withdraw your staked ETH, at least in theory, with a possible long queue being introduced. The upgrade was tested already on three testnets: Sepolia, Zhejiang, and Goerli. The maximum bounty was doubled…

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Mihalache Catalin (aspiring polymath)
Coinmonks

All my books are self-published on Amazon. I have written all my life, mostly poetry and short fiction. I care about me. I care about others. I care as a job.