Dear Teroxx Community,
This week we saw a digital asset market which again made positive moves in the market.
As usual, we are also providing detailed videos for those who want to delve deeper into the subject.
Digital Asset News
On Friday, the 19-millionth Bitcoin (BTC) was mined, a true milestone for the market-leading cryptocurrency. As of now, this leaves only 2 million BTC that can be mined at all, but this is expected to take until 2140.
With block 730002 mined by SBI Crypto, Bitcoin number 19 million has entered circulation. SBI Crypto earned just under $293,000 for this creation process, so it was a worthwhile effort.
Kjetil Hove Pettersen of Kryptovault, one of the world’s largest mining companies, explains to Cointelegraph the importance of the event, pointing out that “there are only two million Bitcoin left, less than 10% of the supply available at all.” To this he adds:
“Of course, at first glance, this seems quite little, but I am sure that the golden age of mining is yet to come.”
Popular web browser Opera, which has been at the forefront of crypto adoption, has now incorporated eight of the major blockchains to make the Web3 increasingly accessible to the browser’s 380 million users.
In January 2022, Opera launched its proprietary crypto browser, which aims to make access to Decentralized Applications (DApps), blockchain games, and metaverse platforms user-friendly and accessible to the masses. Now, to decisively expand the range of functions, the browser also has the cryptocurrencies Bitcoin (BTC), Solana (SOL), Polygon (MATIC), StarkEx, Ronin, Celo, Nervos DAO and IXO, after previously only Ethereum (ETH) was available.
As Jorgen Arnesen, Opera’s vice president of mobile, explains, the inclusion of multiple blockchains is intended to ensure that the widest possible interaction with the Web3 is possible:
“Sooner or later, Web3 will become the new mainstream, and users won’t even know they’re interacting with it. All they want is the best possible user experience and real value.”
There is currently a lot of discussion in the EU about the future regulation of the crypto sector, the so-called MiCA Regulation (English: The Markets in Crypto-Assets Regulation). In this regard, the European crypto community could recently breathe a sigh of relief: the amendment on a de facto ban of the energy-hungry consensus and protection process “Proof-of-Work” and thus a ban of some of the best-known cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) was rejected.
Are stricter regulations for unhosted wallets now coming?
Now, however, the EU Parliament is causing trouble in the crypto space again. The European Parliament’s Committee on Economic and Monetary Affairs will vote tomorrow, March 31, on an anti-money laundering or “transfer of funds” (TRF) regulatory package. At issue is whether so-called unhosted wallets, i.e. wallets that are not managed by a custodian such as a crypto exchange, must be subject to identity verification for transactions.
Technical term of the week
Unhosted Wallets: are wallets that are not managed by a custodian such as a crypto exchange, where transactions must be subject to identity verification. Unhosted wallets are private wallets that do not require a higher-level financial institution to conduct transactions with cryptocurrencies. These wallets include, for example, the Minerva Wallet, Trezor, Ledger, Metamask, imToken and Trust Wallet.
Bullish outlook: Breaking $50,000 would provide for a new “hype scenario”.
Bearish outlook: Sell-offs down towards $40,000 would quickly end the positive trend.