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Cryptocurrency and Artificial Intelligence – Get an Overview of Market News

The most important news of the last week

2 min read

Another exciting week in crypto space is coming to an end. The most important events around BTC and Co. at a glance.

Andre Cronje says goodbye to crypto space

Bad news for the DeFi sector: The legendary duo Andre Cronje and Anton Nell are putting an end to crypto. After years of working on DeFi applications, both want to retire from the crypto space.

As a developer, Cronje is behind the DeFi protocol, for example Yearn Finance (YFI) and has thus established itself in the scene. Many DeFi applications are made to work without the creators thanks to smart contracts. However, the resignation of the duo is always a symbolically meaningful step.

Final MiCa draft is waiting for approval

A real back and forth: Draft for the MiCa guidelines can be understood as a de facto BTC ban, the respective paragraph in the document was removed.

As chairman of the EU Committee on Economic and Monetary Affairs (ECON), Stefan Berger (CDU) has now announced that the final application has now been submitted. Bergers tweet According to the report, cryptocurrencies are to be included in the EU taxonomy. The vote will take place tomorrow, March 14th.

Hive wants to double hashrate with Intel mining chips

Intel’s ASIC-Miner is and remains a closed book. While there is only speculation (albeit fairly definitive) as of this writing as to the exact performance specs of the second-generation, energy-efficient BTC mining chip, the mining company suggests hive now properly.

According to its own statements, the mining giant has concluded a deal with Intel that is intended to guarantee Hive custom-made products with the respective chips. By the end of 2023, Hive plans to increase its computing power by 95 percent.

Biden’s crypto regulation friendlier than expected

US President Biden signed an executive order regulating cryptocurrencies in the United States last week. The aim is to “encourage innovation” but also “reduce risks for consumers, businesses, the financial system in general and the climate,” according to the document.

Accordingly, selected government agencies should now examine the crypto space more closely. The crypto market reacted quite positively to the news from Washington and saw some sharp price increases.

Kraken donates $10 million in BTC to Ukraine

The crisis situation in Ukraine, triggered by Putin’s war of aggression, continues to escalate. The BTC Exchange Kraken is now responding with an extremely generous donation project.

The trading place digs pretty deep into the wallet: All Ukrainian citizens who register before March 9th can look forward to $1,000 in BTC in support. In total, the crypto exchange would like to give away 10 million US dollars. According to the company, further relief measures are still pending, depending on how the war situation develops.

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