Crypto Market Overview March 22nd | Dex-Trade

Crypto Market Overview March 22nd | Dex-Trade

Ukrainian CBDC Will Be: Work on Its Development is Underway, Albeit Belatedly

The CEO of the crypto giant Stellar, Denelle Dixon, said that Ukraine, together with foreign partners, is developing its own CBDC, despite the invasion of russian occupying forces into the territory of an independent European country. Dixon talked about working with the Ukrainian Ministry of Digital Transformation as part of a government crypto pilot project during an interview with the Coindesk platform. According to her, the trial launch of the CBDC announced for the current year will not take place on the specified dates. This event had to be postponed indefinitely. However, development of the National Banks’ digital currency continues. Recall that in addition to the technical part of the work performed by Stellar, financial “contractors” Bitt and Taskombank are also involved in the project, which will serve as a kind of testing ground for launching a prototype digital hryvnia. By the way, Dixon also mentioned in the interview the news that Ukraine has recently started accepting donations in cryptocurrencies to help in the defense against putin’s “second army of the world” and in the work of humanitarian organizations in the country. According to her, this decision is a clear sign of the work of reforms in the Ukrainian government. She also added that Stellar is already discussing scenarios for humanitarian assistance to the Ukrainian people with the Administration of President Zelensky.


$1.7 Million NFT Theft From Under the Nose of The Founder of DeFiance Capital

On March 22, Arthur Cheong, the founder of the web3-centric, decentralized venture capital company DeFiance Capital, received a phishing email in his mailbox, which he, for some unknown reason, decided to open… Thanks to spear phishing tactics, unknown hacker instantly gained access to Cheong's Ethereum wallet and stole some very valuable NFT works from there, including 17 tokens from the Azuki collection, 5 from CloneX, 2 from Hedgies and 33 from Second Self. Their total cost today is about $1.7 million. The fraudster immediately put the stolen tokens up for sale on the OpenSea platform. However, in addition to the “hot” collectible NFTs, Cheong’s wallet ended up with several other rather expensive tokens, including wrapped ETH, Lido DAO, LooksRare and DYDX. He transferred them to his address. Of course, this way of stealing tokens is far from unique. For example, during a similar incident in January 2022, a New York-based NFT collector named Kramer revealed that an unidentified person hacked into his wallet and stole several cards from the Bored Apes and Mutant Apes collections, totaling $2.2 million.


Crypto Market Capitalization Closes to $2 Trillion Again

This morning, the price of BTC briefly rose above $43,000 and the market showed signs of recovery, which stimulated cascading purchases of the crypto flagship. Thanks to this, the market capitalization almost came close to the amount of $2 trillion lost at the beginning of winter. Interestingly, according to CoinGecko, the daily maximum capitalization was $2.018 trillion, while on CoinMarketCap the daily maximum was $1.939 trillion. And in personalities. Today Bitcoin reached an intraday high at $43,116, but subsequently there was a correction, as a result of which it returned to $42,118. However, the flagship continued the uptrend in a small range. Growth did not exceed 3.5% per day, but BTC has not shown similar results since March 9. As for the ETH we saw the first overcame the psychological barrier at $3,000 and reaching a maximum value of $3,037 per coin since March 2. Thus, the daily increase in crypto-silver was 3.8%. The asset was already “at a low start” towards $3,000, but at the end of last week, most crypto analysts predicted a continuation of the downtrend.