It has been another turbulent week in the world of cryptocurrencies. For example, we saw some important developments regarding regulations and we saw the prices of bitcoin (BTC) and many altcoins fluctuate strongly. So every reason to take a look at this week’s most important crypto news in the new Crypto Insiders weekly update!
Most important crypto news of the week
This week saw perhaps one of the biggest hacks in the crypto world. A whopping $600 million worth of ether (ETH) was stolen from the Ronin Network that runs on Ethereum. The network supports the well-known non-fungible token (NFT) game Axie Infinity (AXS).
It appears that more and more Dutch young people are investing in crypto. However, this is often due to a lack of knowledge, which the Netherlands Authority for the Financial Markets (AFM) finds worrying. In the coming months, the agency will therefore teach at dozens of MBO schools about the risks of crypto.
Meanwhile, star footballer Lionel Messi makes another million dollar deal with the Chiliz (CHZ) platform Socios.com and even Lidl is now venturing into NFTs! The Dutch branch of the well-known supermarket chain is going to auction NFT Easter eggs, or is it an April Fool’s Day joke?
Perhaps the most important news this week was the decision of the European ECON Commission to pass a problematic law regarding unhosted wallets† What are the possible consequences of this?
Bitcoin price analysis and a noticeable riser
As mentioned before, bitcoin and most crypto made quite a swing this week. Prices shot up last Sunday, but caught a big blow yesterday. So every reason to take a good look at the bitcoin chart again! Wiebe also takes a look at the price of a crypto that rose remarkably fast this week.
Stay up to date with the latest crypto news
Do you want to stay informed of the latest crypto news, but are you often busy during the week? No worries! Every Friday we look back at the most important and interesting developments. In addition, a lot of other interesting videos about crypto publish. Subscribe to it Crypto Insiders YouTube Channel and click the bell.
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