Summary

• El Salvador’s President Nayib Bukele enjoys a solid approval rating of 91%, according to a survey by La Prensa Grafica.
• Younger generations and individuals with middle economic status are the most satisfied with Bukele’s administration.
• Bukele has been praised for his handling of the COVID-19 pandemic, improving the health sector, building highway infrastructure, and enforcing reforms in education.

91% of Salvadorans Approve the Reign of BTC-Loving President Bukele (Survey)

President Nayib Bukele’s Popularity

A survey carried out by one of the leading daily newspapers in El Salvador – La Prensa Grafica – determined that President Nayib Bukele has the support of 91% of locals. This approval rate is among the highest globally. The survey suggests that younger generations and those with middle economic status are more likely to approve of Bukele’s reign.

Achievements Since Inauguration

Since taking office in June 2019, President Bukele has implemented numerous reforms to benefit El Salvador. He has been praised for successfully managing the COVID-19 pandemic, improving access to healthcare services, constructing highway infrastructure across the country, and making changes to regulations surrounding education.

Criticism From Opposition Newspaper

Since La Prensa Grafica is known as an opposition newspaper to current political regimes in El Salvador, President Bukele was quick to suggest that actual approval ratings may be even higher than what was reported.

Presidential Reactions on Twitter

The president took to Twitter to share news about his soaring approval ratings from the survey. He also jokingly mentioned that data could be even better if it wasn’t from such an opposed source.

Conclusion
Overall, despite criticism from opposition sources like La Prensa Grafica, President Nayib Bukele enjoys a high approval rating from his constituents due to having achieved several beneficial policies since taking office in 2019.

• HSBC Holdings – the largest banking institution in the United Kingdom – is reportedly set to purchase Silicon Valley Bank UK Limited (SVB UK) for £1 ($1.20).
• SVB UK had loans of approximately $6.7 billion and deposits of around $8.1 billion as of March 10, 2023 and closed last year with a profit of $106 million before tax.
• Noel Quinn – CEO of Britain’s biggest bank – commented that this acquisition will strengthen their commercial banking franchise and enhance their ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally.

HSBC Acquires Silicon Valley Bank UK

Britain’s leading bank – HSBC Holdings PLC – plans to purchase Silicon Valley Bank UK Limited (SVB UK) for approximately £1 ($1.20). According to recent coverage, HSBC will acquire SVB’s UK unit which had loans of approximately $6.7 billion and deposits of around $8.1 billion as of March 10, 2023. The latter ended last year with a profit of $106 million (before tax), while its tangible equity was expected to be nearly $1.7 billion at the time of its closure due to liquidity issues and balance sheet holes that triggered huge panic among venture capital firms who advised investors to withdraw their funds from the bank.

Noel Quinn on Acquisition

Noel Quinn – CEO of Britain’s biggest bank – commented: „This acquisition makes excellent strategic sense for our business in the UK“. He added that it would strengthen their commercial banking franchise and enhance their ability to serve innovative and fast-growing firms, including those in the technology and life-science sectors, across the United Kingdom as well as internationally. All assets and liabilities belonging to the parent companies are excluded from this deal between HSBC Holdings PLC and SVB UK Ltd., according to reports.

Protection for Clients

The CEO further assured that all clients associated with SVB can expect maximum protection from any potential risks or losses caused by this transaction between these two financial institutions based in England. He encouraged customers notto worry about any negative impacts on current accounts or services provided by either firm involved in this deal since both have agreed upon arrangements that guarantee customer satisfaction during such transitions or acquisitions like this one involving Silicon Valley Bank’s British subsidiary company being purchased by HSBC Holdings PLC at a price tag of just over one dollar sterling (£).

What This Means

This acquisition between Britain’s leading banking firm —HSBC—and Silicon Valley Bank’s British subsidiary is an important event not only for financial institutions but also for venture capital firms who were alarmed when news broke out last week revealing liquidity problems at SVB resulting in balance sheet holes that may have caused severe losses if they weren’t addressed immediately through such an arrangement between these two entities; ultimately guaranteeing continued services without disruption or interruption as well as promising maximum security against any potential risks or damages caused throughout such transitions or purchases involving banks here within England like this instance between HSBC & SVB Uk Ltd..

Conclusion

The agreement made between these two esteemed firms —HSBC &Silicon Valley Bank— has certainly restored confidence among venture capitalists after hearing news about liquidity issues causing balance sheet holes at SVB which could have led to considerable losses if left unresolved; thankfully enough though swift action taken by both parties involved ensured assurance towards customers with regards too client satisfaction during times like these where acquisitions occur frequently amongst leading financial institutions operating within Great Britain like what is seen today concerning HSBC’s purchaseof Silicon Valley Bank Uk Ltd..

• XRP is currently in a tight consolidation period, as it approaches the narrow range of its multi-month triangle.
• Technical analysis suggests that XRP may be facing a bearish trend, after being rejected by the 200-day moving average at around $0.4.
• The lower trendline of the channel could provide support to the price if it falls below this level, with traders expecting another downtrend toward the next support level of $0.3.

Ripple Consolidation

XRP has been forming a symmetrical triangle pattern and has now reached the narrow range of the triangle. The mid-term outlook of XRP will be determined by a breakout from this triangle, while the current price action suggests a bearish trend.

200-Day Moving Average

The cryptocurrency was recently rejected by the 200-day moving average at around $0.4, indicating a bearish sentiment in the market. Despite all this, the price has since fallen and is now facing the lower trendline of the triangle, which serves as a strong support level.

Ascending Price Channel

Following an impulsive downtrend, XRP is currently in a correction phase and has formed an ascending price channel. The cryptocurrency was recently rejected by the channel’s middle boundary and has experienced a slight decline, reaching the lower threshold.

Lower Threshold Support

The lower threshold of the channel has already provided support to the price twice, making it a crucial level to monitor. If

• Yuga Labs announced their newest contribution to the NFT world – Twelvefold, a limited edition collection of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain.
• The collection is built around a 12×12 grid and draws inspiration from the cartography of data on the Bitcoin blockchain.
• The auction for Twelvefold will launch later this week with a 24-hour notice period prior to its start.

Yuga Labs Launches Ordinal Inscription Collection Twelvefold

The team behind Bored Ape Yacht Club’s wildly popular NFT collection has unveiled their latest addition – Ordinal inscription series called Twelvefold. On Feb 28th, Yuga Labs announced the limited edition set of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain.

Design Inspiration Behind Twelvefold

TwelveFold is based off a 12X12 grid system and intended as an allegory for the cartography of data found on Bitcoin’s blockchain. The official documentation labels these individual assets as „digital artifacts“ rather than Non-Fungible Tokens (NFTs).

Taproot Upgrade Enabled Ordinals

Ordinals are special type NFTs that can be “inscribed” into one Satoshi, which is the smallest denomination of a Bitcoin and remain permanently embedded in its blockchain. This was made possible by Taproot upgrade in November 2021, bringing programmability and smart contract capabilities to its network.

Auction Launch Details

Yuga Labs shared that the auction for Twelvefold will launch later this week with a 24-hour notice period prior to its start.

Conclusion

Ordinal inscriptions have taken crypto world by storm and Yuga Lab’s new release promises to add another layer of intrigue amongst collectors and investors alike .

• IoV Labs has launched its Rootstock Infrastructure Framework (RIF) Flyover to enable seamless Bitcoin (BTC) transfers.
• RIF Flyover is an open-source protocol that acts as a bridge to speed up BTC transfers through liquidity providers.
• The protocol uses non-custodial bridging methods, ensuring secure cross-chain transfers between Bitcoin and the Rootstock sidechain.

IoV Labs Launches RIF Flyover

IoV Labs has launched its Rootstock Infrastructure Framework (RIF) Flyover designed to enable seamless bitcoin (BTC) transfers. The open-source protocol would act as a bridge to enable faster transactions between the main Bitcoin blockchain and the Rootstock sidechain.

Non-Custodial Bridging Methods

RIF Flyover, known as a Repayment Protocol, is designed to enable smooth and quicker transfers between Bitcoin and the Rootstock sidechain through the services of third-party liquidity providers. Although Flyover acts as a bridge, it uses non-custodial bridging methods, unlike traditional cross-chain bridges. This ensures secure cross-chain transfers, as users do not need to give third parties access to their funds or private keys.

Benefits of RIF Flyover

By using RIF Flyover, users are able to quickly transfer coins from one chain to another with minimal risk of loss or theft due to malicious actors or mismanagement by third parties. Furthermore, this helps reduce transaction fees for users by allowing them access to cheaper BTC transactions on other chains such as Rootstock’s Ethereum Virtual Machine compatible platform.

RIF Suite of Protocols

The new solution is part of IoV Labs‘ suite of open source protocols called RIF which allows for faster development of decentralized applications (dApps). With RIF protocols in place, developers can implement dApps quickly without having to worry about security issues or scalability problems associated with blockchain technology.

Conclusion

In conclusion, IoV Labs’ new product launch will help make cryptocurrency transactions more efficient and secure while also helping reduce transaction fees for users when transferring coins between different blockchains.

• Bitcoin miners have made nearly $600,000 in BTC transaction fees since mid-December when the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals was launched.
• Over 80,000 Ordinals have been inscribed on the Bitcoin network, boosting user activity and increasing the number of non-zero Bitcoin addresses.
• The emergence of Ordinals marks the first time in Bitcoin’s 14-year history that the network is being used for non-monetary purposes.

Bitcoin Miners Generate $600K From Ordinals Transactions

Since mid-December 2020, over 80,000 Ordinals have been inscribed on the Bitcoin network, resulting in a surge of user activity on the blockchain and an increase in non-zero Bitcoin addresses. This has led to miners generating nearly $600,000 from BTC transaction fees.

What are Ordinals?

Ordinals are a type of Non Fungible Token (NFT) that uses Taproot soft fork to inscribe data into witness portions of BTC transactions. They were created by Casey Rodarmor, a contributor to Bitcoin Core, and were designed to number individual satoshis – which is the smallest unit of a Bitcoin – on the network.

Effect on Miners‘ Revenue

The launch of Ordinals has had a positive effect on miners’ revenue as they have generated almost $600k from BTC transaction fees within two months. This marks one of the first times that the Blockchain’s usage has strayed away from monetary purposes since its inception 14 years ago.

Controversy Surrounding Ordinals

Upon their launch, there was much opposition towards Ordinal protocols due to their unconventional nature and use cases; however they still managed to gain traction amongst users via its unique features such as inscribing data into witnesses portions of transactions and numbering individual satoshis.

Conclusion

In conclusion, despite initial controversy surrounding them upon their launch ,the emergenceofOrdinahashelpedtoboost us eractivityonBitcoinandincreased miner’s revenue throughtransactionfeesgeneratedfromtheprocessofinscribingdata intowitnessportionsoftransactions

• The cryptocurrency market had a tumultuous 24 hours, with Bitcoin and major large caps going through a rollercoaster during Jerome Powell’s speech.
• Meanwhile, some altcoins had a much better time and charted gains upwards of 25%.
• The Federal Reserve chairman spoke on the matters of inflation and the state of the US economy, but his comments were in line with previous statements.

Cryptocurrency Market Volatility

The past 24 hours within the cryptocurrency market saw major large caps go through a rollercoaster ride during the speech by Chairman of the Federal Reserve – Jerome Powell. While Bitcoin and other major coins experienced pumps followed by dumps and then pumps again, some altcoins fared much better and charted gains upwards of 25% on the day.

Powell’s Speech

Jerome Powell talked about inflation, as well as current and future states of the US economy. He reiterated his comments from earlier weeks that disinflation (or slowing down of inflation) is still in its early stages – particularly in regards to housing sector. As expected, these statements caused movements in the crypto market. Initially prices skyrocketed to highs above $23,300 however all gains were wiped out shortly after in what appeared like a chop.

Altcoin Gains

Despite this volatility across many large-cap coins, certain altcoins managed to have a surprisingly good day. Tokenized stocks such as SAND (Sandbox) surged over 100% while ROSE (Rosewholesale) rose by more than 70%. Other top gainers included FTX Token (FTT), YFI (yearn finance) and BNB (Binance Coin). All these tokens gained between 20-30%, outperforming Bitcoin’s 7% rise on the day.

What Comes Next?

It remains to be seen how long this bullish trend will last for altcoins or if it’s just another short-term pump before they come crashing down again. It’s also unclear if this surge can be attributed solely to Jerome Powell’s comments or whether there are other factors at play here such as whales manipulating prices or investors moving their funds around due to upcoming news events/releases etc.. Nevertheless it’s safe to say that yesterday was an exciting day for many traders who profited from this volatility across various cryptocurrencies .

Conclusion

Despite Bitcoin experiencing choppy waters yesterday, some altcoins managed to greatly outperform BTC with impressive double digit gains over 24 hours period due largely in part due to Jerome Powells‘ speech about inflation & US Economy . Whether this bullish momentum continues remains unclear , but one thing is for sure , yesterday was quite an adventurous day for traders within crypto space !

• Israel’s most successful web3 businesses have come together to organize the first annual ETHTLV event
• The inaugural event aims to invigorate the country’s startup community, establish the community’s foothold in the global web3 scene, and discuss the steps web3 must take to onboard the next billion users
• Attendees of the week-long series will learn from serial entrepreneurs who have forged businesses and become authorities in the web3 space

Israel is about to become the scene of a game-changing event. The first annual ETHTLV is a week-long series of events that will bring together some of the world’s most successful blockchain companies and web3 powerhouses. This event is an exciting opportunity to invigorate the country’s thriving startup community and establish the community’s foothold in the global web3 scene.

The ETHTLV will be held from February 1 to 9 in Tel Aviv and will provide attendees with invaluable insights and experiences from successful entrepreneurs and authorities in the web3 space. Some of the most prominent businesses and organizations that will be attending include ConsenSys, a major blockchain venture production studio, and Harmony, a blockchain protocol designed for distributed economies. Other companies such as AION, DAOstack, and OpenLaw are also expected to attend.

The event will be an excellent opportunity for attendees to learn from the best collective experiences in the web3 space. It will also provide an open forum to discuss the steps web3 must take to onboard the next billion users. The event will also focus on how web3 can create decentralized networks that are secure, resilient, and are able to scale effectively.

The ETHTLV is an excellent chance for the public to learn more about the web3 space and the exciting opportunities it presents. It also promises to be a great opportunity to explore the potential of blockchain and its applications in the real world. With the help of some of the world’s most innovative and successful blockchain companies, attendees can gain valuable insights into the web3 space and the steps needed to make it even more successful.

The week-long event is expected to draw an impressive turnout and attendees can expect to learn from some of the most knowledgeable and influential members of the web3 space. With these experts at the helm, attendees will be able to gain valuable insights into the latest developments in the web3 space and get a better understanding of the steps needed to make it even more successful.

The inaugural ETHTLV event is an excellent opportunity for entrepreneurs, investors, and the public to learn more about the web3 space and its potential. With experts from some of the world’s most successful blockchain companies in attendance, the event promises to be an invaluable experience for anyone interested in the web3 space.

• Anthony Scaramucci, Founder of SkyBridge Capital and former White House official, believes that the Federal Reserve will stop raising interest rates when inflation decreases to 4-5%, sparking a price expansion for cryptocurrencies.
• Scaramucci believes that this will stimulate a price expansion for risk assets, such as cryptocurrencies.
• The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal.

Anthony Scaramucci, Founder of SkyBridge Capital and former White House official, recently shared his thoughts on the potential future of cryptocurrencies. He believes that a revival in the digital asset space will be seen when the Federal Reserve stops raising interest rates. This Scaramucci believes will be when inflation in the United States drops back down to 4-5%.

The financier thinks that the US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such as cryptocurrencies. He expressed his opinion in a recent interview, saying, “I do believe that the Fed declares victory at 4% to 5% inflation, and then you get a bull market in all risk assets. I do think that cryptocurrencies will be part of that bull market.”

The current inflation in the US is at 2.2%, which is slightly higher than the preferred target of 2%. This has caused the Federal Reserve to increase the interest rates in order to try and stabilize the inflation rate. Scaramucci believes that once inflation drops back down to 4-5%, the Fed will be less inclined to increase the interest rates, which will then start a bull market in all risk assets.

Scaramucci believes that the bull market will be a great opportunity for cryptocurrencies to gain mainstream acceptance and adoption. He is optimistic about the potential for cryptocurrencies to revolutionize the way people transact and believes that the price expansion will be a great opportunity for investors to get involved in the crypto space.

The financier also believes that the current bear market in the crypto space has provided great opportunities for investors to buy digital assets at a discounted price. He believes that, once the bull market starts, those who bought cryptocurrencies at low prices will be the biggest beneficiaries.

In conclusion, Scaramucci believes that the Federal Reserve will halt the interest rate hikes when inflation drops back to 4-5%, sparking a price expansion for cryptocurrencies. This bull market will provide a great opportunity for investors to get involved in the crypto space and benefit from the price expansion.

• Bitcoin has seen a strong start to the year, jumping from $16,500 to more than $21,500 in a few weeks.
• Yesterday, Bitcoin tapped a new multi-month high of $21,600, however, the bears intercepted and it dropped below $21,000.
• Despite the drop, its market dominance is still increasing as most altcoins have retraced even harder.

Bitcoin has seen a remarkable surge in its price this year, with the primary cryptocurrency jumping from $16,500 to more than $21,500 in the span of a few weeks. This significant increase in value was noticed by Bloomberg’s senior analyst and has caused many investors to look at Bitcoin as an attractive investment opportunity.

Yesterday, Bitcoin managed to hit yet another milestone, as the asset tapped a new multi-month high of $21,600. This was the highest value the cryptocurrency had seen since September of last year and marked a new era of performance. Unfortunately, the joy was short-lived, as the bears intervened and caused Bitcoin to drop below $21,000.

Despite this drop, Bitcoin’s market dominance has continued to increase, as most altcoins have retraced even harder. Aptos is one of the few larger-cap cryptocurrencies with notable gains today. This is likely due to its recent partnership with a major European bank, which has increased its credibility and visibility in the cryptocurrency market.

The recent surge in Bitcoin’s price has caused many investors to take a closer look at the cryptocurrency, with some analysts believing that the asset could reach an all-time high of $50,000 in the near future. However, others are more cautious and are suggesting that investors should be prepared for any potential dips in the price.

Regardless, Bitcoin’s performance this year has been impressive and has caused many to reconsider their stance on the asset. With increased volatility in the market, it’s important to stay up to date with the latest news and developments.