Important Highlights and Developments this Week

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Here are the top developments that happened around the market:

  • In the past 24 hours, Bitcoin (BTC) has dropped by almost 3.71%. BTC now stands at the price of almost $21k. Overall, we have seen that the price of BTC has decreased by 2.99% in a single week.
  • ETH was leading the market before, but now it is the one to drop more as compared to BTC. ETH has dropped by almost 6.71% in the past 24 hours. The price now stands at $1.4k.
  • Shared application building platform Holepunch reported the alpha launch of its video calling application called Keet, upheld by stablecoin backer Tether (USDT), crypto stage Bitfinex, and distributed frameworks engineer Hypercore.
  • Aptos Labs, a blockchain startup established by previous crypto chiefs at social media monster Meta reported a USD 150m series A financing round, drove by FTX Ventures and Jump Crypto, among different financial backers.
  • The Fair Political Practices Commission in California, US cast a ballot to support new guidelines permitting donations of crypto, per Los Angeles Times. Up-and-comers can acknowledge crypto donations as long as they quickly convert them into US dollars, and should utilize an enrolled crypto processor to deal with the exchange that will gather the name, address, occupation, and business of every supporter.
  • US-based significant bank Moelis and Company said it launched its Global Blockchain Group which will offer tailor-made advisory and assistance to both the organizations using blockchain as well as arising and driving blockchain organizations, remembering those trying to fabricate a presence for Web3.
  • IshanWahi, 32, a previous product manager at Coinbase, Nikhil Wahi, 26, and Sameer Ramani, 33, have been accused of wire extortion connivance and wire misrepresentation regarding a plan to commit insider trading by utilizing private Coinbase data.
  • NFT stage PREMINT, which was as of late the casualty of a hack, reported that it would repay survivors of the episode, having taken a snapshot of the floor cost of the taken NFTs to move Ethereum (ETH) to the impacted wallets in the following 7 days.
  • The tether (USDT) stablecoin is presently live on the blockchain network Tezos (XTZ), and the recently coordinated token is accessible for exchanging on the crypto stage Bitfinex.
  • com App has launched Google Pay in-application crypto purchase highlight, the statement said.

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