[블록체인 뉴스리뷰] How far is the bitcoin adjustment?… SEC/Ripple nerve war continues

[블록미디어 강주현 기자] It was a week like a roller coaster. Bitcoin has plummeted, and the cryptocurrency market cap has also changed ranks. The key is how far the price adjustment is. It is an analysis that we need to take care of macro variables such as rising government bond yield. This is because digital assets are starting to link with other investment assets.

US Treasury secretaries and central bank governors actively commented on interest rates and virtual assets. It’s proof that legacy finance is also starting to care about digital assets. The nervous war between the Securities and Exchange Commission (SEC) and Ripple is intensifying. Block media ‘Analysis and Prospect’ menu with separate in-depth analysis articlesI made it separately. We ask for your interest.

# Bitcoin, virtual assets, and CBDC seen by policy makers

The status of virtual assets including Bitcoin has changed. Bitcoin popularity was perceived as a temporary frenzy or speculation, but now the heads of major economic ministries are commenting. Let’s take a look at what was said and how it will affect the market.

Finance Minister Yellen, “Bitcoin is inefficient transaction, energy consumption is enormous”

BOK President “There is no intrinsic value of virtual box production… CBDC testing as scheduled this year”

Fed Chairman Powell Reaffirms Continued Moderate Monetary Policy

Fed Chairman Powell, “We are carefully reviewing the digital dollar as a top priority”

BOK and Fed speed up CBDC… ”Strengthening the focus on the digital won and the dollar”

# How far is the bitcoin adjustment?

This week’s virtual asset price keywords can be classified as ▲ Bitcoin plunge ▲ Cardano surge ▲ Dogecoin plunge. Bitcoin’s resistance line is in the 40,000 to 44,000 dollar range. Cardano is in the spotlight with a network upgrade scheduled for March 1. Why are Bitcoin and Dogecoin hit hard? It would be nice to check through related articles.

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[재송] Where is Bitcoin’s next resistance line? Pay attention to “$40K~44K”

Three reasons why Bitcoin fell more than $13,000 after the high price hit

Bitcoin stops steep decline and moves sideways… Temporary phenomenon possible even if further decline

Bitcoin Pain, Possibility to Continue Until US Treasury Market Stabilization-Barons

ARK Invest CEO: Bitcoin price decline is a healthy correction… Very positive for Bitcoin

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Cardano’s strong market cap… Reflecting network upgrade expectations

Glassnode “Whales sell 140,000 bitcoins this month… Buy dolphin and shark grades”

Cardano Mary upgrade confirmed on March 1… Expected to increase demand due to network effect

US SEC Musk Dogecoin tweet survey – Dogecoin plunged more than 8%

# Round 1 of Ripple lawsuit is over

On the 22nd, there was the first confrontation between Ripple and the SEC. Prior to the formal trial, a preliminary hearing was held in court. It is a back door that the nerve metastasis on both sides was great. Ripple’s lawyers are attacking the SEC, saying, “The SEC has never taken any action in 2019 saying that Ripple is a securities and should not be sold.” I am curious about how the SEC’s response will come out.

Business partnership with Moneygram Ripple stopped… Reasons for regulatory uncertainty following SEC litigation

“SEC did not say in 2019,’Ripple, securities, so you shouldn’t sell it.’”

Ripple CEO Lawyer “SEC did not consider XRP securities in 2019”

XRP moves massively and prices plummet… Suspension of MoneyGram alliance, impact of SEC litigation settlement

Attorney Ripple’s intentional exaggeration… ‘No Action Letter’ is not binding

# First counting of the trading volume of 6 domestic exchanges

Blockmedia aggregated and analyzed the trading volumes of 6 domestic exchanges over the past month. Please read the article analyzing how each exchange’s trading volume was due to the bull market. Coinbase is pushing for the first direct listing on the NASDAQ. Please also check related issues.

193 trillion won per month in the 6 major cryptocurrency exchanges in Korea… Fee Upbit 56.2 billion won / Bithumb 25.6 billion won

Bitcoin ETF listed on the Toronto Stock Exchange surpassed $600 million in one week

Submit the stock registration form for direct listing on Coinbase NASDAQ… Estimated enterprise value of 100 billion dollars

BTC keeps accumulating in Satoshi wallet?!… Appeared in Coinbase SEC filings