• Joselit Ramirez, Venezuela’s top authority on crypto policies, has been removed from his position and arrested for suspicion of participating in a scheme to steal from the country’s oil operations.
• His removal has led to an overhaul of the national crypto department and the Venezuelan government has called for a comprehensive restructuring of the Superintendency of Crypto Assets and Related Activities (SUNACRIP).
• A new board headed by Anabel Pereira Fernández will lead the organization going forward, with supervision from the Ministry of Economy, Finance, and Commerce.

Suspicion of Corruption

Venezuela’s top authority on crypto policies, Joselit Ramirez, has been removed from his position and arrested for suspicion of participating in a scheme to steal from Venezuela’s oil operations. Local media publication Últimas Noticias broke the story about Ramirez’s arrest by the National Anticorruption Police after a request was issued for judicial proceedings against „a series of citizens who could be involved in serious acts of administrative corruption and embezzlement of funds.“ The report states that Venezuelan authorities are investigating a case of corruption in which $3 billion from Venezuelan oil sales were diverted so as not to appear in the government’s official accounts.

Government Action

Venezuelan president Nicolas Madura removed Ramirez from his position for allegedly participating in a plan to steal from the country’s oil operations. President Madura declared: That it is the duty of the State to take all measures at its disposal to protect the Venezuelan people from the negative effects of the multiform aggression that is taking place against the country and, especially, against its economy. The restructuring will be coordinated by a mixed commission comprising a president and four directors endorsed by Madura. The Ministry of Economy, Finance, and Commerce will supervise the operation. A new board headed by Anabel Pereira Fernández will lead the organization going forward. Amongst this board’s new directors are Héctor Andrés Obregón Pérez, Luis Alberto Pérez González and Julio César Mora Sánchez.

Decree Restructuring

The Venezuelan government has called for a comprehensive restructuring of SUNACRIP (the Superintendency Of Crypto Assets And Related Activities) after Joselit Ramirez was arrested on March 17th on charges related to corruption within Venezuela’s Oil sector. This decree states that SUNACRIP will be restructured according to plans established by president Nicolas Maduro himself along with other members chosen specifically by him – these plans aim at protecting Venezuelans from any adverse effects caused due economic sanctions etc…

Official Statement

President Madura has not yet issued an official statement on this matter nor has he provided any reasons or evidence as to why Joselit Ramirez was removed besides suspicions relating to acts as such – however it can be assumed that he may have been involved in acts concerning corruption given local media reports stating such information surrounding his arrest etc…

Disclaimer

This article is provided solely for informational purposes only – it should not be taken as legal advice nor as factual evidence/proof etc…

Overview of FBI Probe

• The Federal Bureau of Investigation (FBI) has commenced an investigative probe into Terraform Labs and its disgraced founder and CEO, Do Kwon.
• Do Kwon is the target of multiple international investigations and is on the Interpol Red Notice for his unknown location.
• The FBI’s investigations are raising questions about Do Kwon’s involvement with the South Korean payment platform Chai.

Background

The Singapore police, South Korean law enforcement, and the Securities Exchange Commission (SEC) have all launched enforcement actions against the now-defunct company Terraform Labs and its founder Do Kwon. The company was behind the Terra-Luna stablecoin that crashed in May 2022, wiping out billions of dollars‘ worth of value from the crypto market. In October 2022, Do Kwon claimed he was not hiding out nor had disclosed his location to protect himself and denied all allegations of fraud at his company. He also stated that he personally lost funds due to the crash.

Chai Factor

In February 2023, the SEC filed a lawsuit against Terraform Labs and Do Kwon alleging that he misled investors regarding certain transactions on the Terra blockchain involving South Korean payment platform Chai. They accused him of claiming that Chai transactions were processed on their blockchain when in fact they used more traditional channels. This allegedly gave a false sense of legitimacy to their business.

Investigations

> The FBI and prosecutors from the Southern District of New York (SDNY) are questioning former employees of Terraform Labs in regards to this case. The Department of Justice has yet to address if any charges will be filed against Do Kwon or his firm.

Interpol Red Notice

> As mentioned before, Do Kwon is on Interpol’s Red Notice as his exact whereabouts are unknown which makes it difficult for any law enforcement agency to apprehend him. Reports have suggested that he may be hiding out in Serbia although this has not been confirmed by any official source or government body yet.

Conclusion Despite denying all allegations against him, many countries across the world have opened up investigation proceedings into both Terraform Labs and their founder Do Kwon for various charges ranging from fraud to money laundering etcetera . It remains to be seen what kindof action will be taken against them by authorities such asthe FBI or other law enforcement agencies involved in this case .

• DeFiChain is sponsoring the National Fighting Championship (NFC) this year.
• The NFC is the German version of the widely known UFC, hosting six live events in 2023.
• DeFiChain will sponsor five out of the six events and also provide a “Fighter Of The Night Bonus” for the best fight of the evening as well as a “Fan of the Night Bonus” for one lucky fan.

DeFiChain Sponsoring National Fighting Championship

ChainwireDeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year.

About NFC

The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany. NFC is the biggest German MMA league, with its latest event (NFC 10) reaching more than 10 million viewers worldwide. It is hosting six live events in 2023, and each event attracts 2,500-6,000 fans onsite. The fights are also broadcast on German television on Sport1 as well as on social media.

DeFiChain Sponsorship

DeFiChain will sponsor five out of these six events this year: 25 March, 2023: NFC 13 Westfalenhallen Dortmund; 27 May, 2023: NFC 14 Maritim Hotel Düsseldorf; 16 September, 2023: NFC 15 Telekom Dome Bonn; 11 November, 2023: NFC 16 Showpalast Munich; 16 December, 2023: NFC 17 Maritim Hotel Düsseldorf.

„Fighter Of The Night Bonus“ & „Fan Of The Night Bonus“

Conclusion

This partnership between DeFiChain and Fighting GmbH allows crypto users and developers within Germany who have an interest in gaming, basketball fighting sports and drone racing have additional incentives when partaking in such activities.

• Bitcoin (BTC/USD) continued to orbit a key technical level around the 23790.51 area, representing the 38.2% retracement of an appreciating range from 21366.45 to 25288.88.
• Traders recently pushed BTC/USD as low as the 22520 area during an ongoing pullback, representing a test of a downside price objective around the 22587 area associated with selling pressure at 24132.67.
• Stops are cited below the 21047, 20874, 20724 and 20370 levels while upside price objectives include 25455, 25774, 26612, 26931 and 27609 levels.

Bitcoin (BTC/USD) Technical Analysis

Current Price Activity

Bitcoin (BTC/USD) is currently orbiting a key technical level around the 23790.51 area which represents the 38.2% retracement of its appreciating range from 21366.45 to 25288.88. Buying pressure has emerged around the 23204.16 area and traders have pushed BTC/USD as low as 22520 during ongoing pullback – this represents a test of downside price objective around 22587 related to selling pressure at 24132.67. Additionally, buying activity previously strengthened around 16326 and 20333 areas leading to additional upside price objectives such as 25455, 25774, 26612 and 26931 levels respectively while stops were noted below 21047, 20874 ,20724 and 20370 levels accordingly..

Moving Average Convergence Divergence (MACD)

The 50-bar MA (4-hourly) is bullishly indicating above both 100-bar MA (4-hourly) and 200-bar MA (4-hourly). Similarly 50-bar MA(Hourly) is bearishly indicating below 200 bar MA(Hourly while still above 100 bar MA(Hourly). On 4-Hourly chart SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage on 60 minute chart SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage respectively .

Technical Support & Resistance Levels

Technically significant areas for support include 15900, 15512 ,15313 ,14500 ,14364 ,13369 ,10727 ,10432 ,9682 ,8837 and 7538 levels respectively .On other hand technically significant resistance areas include25455 .06 /25774 .41 /26612 .64 with stops expected above them accordingly .

Price Objectives

Downside price objectives include 22366 22074 21949 21919 21756 21386 21161 20982 20471 20209 19886 19251 levels respectively ;while prior to recent pull back move towards fresh multi month highs around 25288 also represented test of extra upside target at25455 level related to historical buying pressures mentioned earlier in article . Further additional upside targets include25774 26612 26931 27609 28004 29244 29639levels respectively

Conclusion

To conclude BTC/USD continues orbital movement along key technical level near23790 price region with both bullish & bearish indications on various time frames accompanied by multiple target prices both upwards & downwards making it interesting market for traders to watch out for in near future

• DopeApeClub is a non-fungible token collection built on the Ethereum network, with 9,999 items in total.
• Since its release, it has had 2655 owners and 19,353 collections sales at an average price of 0.11 ETH (~$173.63).
• The value of NFTs can be determined by the first-mover advantage, opportunists exploiting market growth and the level of development and promotion by its creators and community.

What is an DopeApeClub?

DopeApeClub are a non-fungible tokens collection built on the Ethereum network launched in 2 July, 2022. 9,999 items of the DopeApeClub collection can now be viewed at OpenSea.

Statistics

How many owners does the DopeApeClub collection have? The total number of owners has reached 2655 within 235 days since its release. NFT Collection DopeApeClub Price and Sales The market capitalization of DopeApeClub NFT collection is 351.86 ETH. Since created the DopeApeClub, 19,353 collections sales were made at an average price of 0.11 ETH (~$173.63 at the time of writing). This created a total volume in 2,073.341 ETH. The floor price of DopeApeClub is 0.015 and the 30-day trading volume is kept at 7.91 ETH. The payment tokens of the DopeApeClub collection are ETH, WETH, USDC, APE.

Why are some NFTs expensive and others not?

NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage

• Bitcoin (BTC/USD) maintained strong upward momentum early in the Asian session as it explored bids above the 24000 figure.
• Technical support levels and areas of potential buying pressure are around the 23833, 23552, 23171, 23134, 22878, 22717, 22674, 22101, 21439, and 21295 areas.
• Stops are cited below the 21047, 20874, 20724, and 20370 levels with upside price objectives related to buying pressure around the 16326.16 area include the 25455, 25774, 27609 and 28004 levels.

Bitcoin Price Momentum

Bitcoin (BTC/USD) maintained strong upward momentum early in the Asian session as it explored bids above the 24000 figure following its acute ascent to a fresh multi-month high around the 24903 level. Stops were elected above a series of upside price objectives during the massive rally.

Technical Support Levels

Technical support levels and areas of potential buying pressure are identified around the 23833, 23552, 23171

• ChainwireWebacy has successfully closed a $4M seed round to support its goal of making web3 safer.
• The round was led by gmjp, and included notable investors such as Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and more.
• Webacy is building comprehensive products to help people protect their self-custodied digital assets.

ChainwireWebacy Raises $4M Seed Round

ChainwireWebacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. gmjp led the round which also included Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers, and Miraise. This is Webacy’s second round of financing following a pre-seed raise in late 2021. Notable previous investors include Pareto Holdings, Quiet Capital, LOI Venture, MetaverseHQ, and Origin Protocol. Louis Kang from gmjp commented on the investment saying they are excited to back founders building important companies that solve important problems in the world today in web3.

AJ Vaynerchuk’s Involvement

AJ Vaynerchuk from VaynerFund also shared his thoughts on why this investment was made: „We’ve seen a huge need for safety products amongst our communities at VaynerSports Pass and Veefriends. Our brand clients see the need to engage their customers while maintaining responsible and safe habits.“ He continued to say no one wants to make wrong moves that might get them hacked – which is what Webacy aims to mitigate by providing solutions like Wallet Watch (real-time wallet monitoring), Backup Wallet (for loss of access or keys), Panic Button (bulk send assets to safe house wallet), Crypto Will (ensure assets are with beneficiaries).

Smart Contract Technology

Maika Isogawa CEO & Founder of Webacy commented on how they use smart contract technology: „Webacy helps create intelligent tools using smart contracts the way they were meant to be used,“ said Maika Isogawa. With mass movement of assets off centralized environments into self-managed wallets protection is even more important than ever before! Smart contracts enable triggers that transfer assets safely into backup wallets or beneficiaries if needed.

Raising Total Financing To Over $5M

The two rounds bring Webacy’s total financing to over $5M including investments from Pareto Holdings Quiet Capital LOI Venture MetaverseHQ and Origin Protocol . These funds will be used furthering Webacys mission bringing enhanced digital safety to masses through their suite of products..

Conclusion

With this new funding round for ChainwireWebcy users can now rest assured knowing their digital assets are protected with intelligent tools built using smart contract technology! By creating an environment that allows everyone transact securely with digital asset ownership we have taken another step towards being safe online in web3!

• Mastercard’s former NFT product lead, Satvik Sethi, has made allegations of workplace mistreatment and sold his resignation letter as an NFT.
• Sethi claimed Mastercard cut his salary package by 40%, which he had to supplement with side jobs, and that he was harassed by management.
• After resigning, Sethi asked for support in minting an NFT of his resignation letter, with 100% proceeds going towards survival.

Mastercard’s Fumbled Foray Into the Crypto Space

Payments tech firm Mastercard began its foray into Non-Fungible Tokens (NFTs) sometime in 2021. However, this move has been mired in controversy after Satvik Sethi, its former NFT product lead, made public allegations of workplace mistreatment as he resigned and even went forth to mint and sell his resignation letter as an NFT.

Sethi’s Allegations Against Mastercard

Sethi railed against the payments tech giant for allegedly mistreating him and downplaying his role in the company’s ambition to enter the crypto space. He claimed that Mastercard cut out his salary package by 40%, during a bear cycle when industry-wide decline in NFTs was seen. This also coincided with his decision to move from New York City to London. Moreover, Sethi asserted that he was harassed by the management due to „a series of mismanaged processes, miscommunication [and] internal inefficiency.“

Resignation Letter Minted As An NFT

After resigning from Mastercard, Sethi asked his Twitter followers to support him with the minting of an NFT: his own resignation letter. The NFT in question was minted for 0.023 ETH with 100% of proceeds going towards survival funds for the former employee.

Loss Of British Work Visa

Following this debacle with Mastercard and leaving their employ, Sethi will soon lose his British work visa and will have no other option but to return back home to India where he plans on working from for the foreseeable future.

Conclusion

Mastercard’s foray into new technologies such as blockchain and cryptocurrency has led them into murky waters due to controversies such as these caused by disgruntled employees who have taken it upon themselves to use new technologies such as Non-Fungible Tokens (NFTs) against them. It is yet another example of how technology can be used against corporations or individuals alike if not handled properly – which could potentially cause long-term reputational damage if companies do not take proper steps to address these issues immediately after they arise.

• The cryptocurrency market has seen a shift in sentiment from bearish to bullish in recent weeks.
• This is indicated by Bitcoin (BTC) risk reversals which have been trading in positive territory, meaning calls (buys) have been more expensive than puts (sells).
• QCP Capital analysis reveals that this shift in sentiment is due to the macro market and the slight recovery in the economy.

The cryptocurrency market has seen a drastic shift in sentiment from bearish to bullish in recent weeks, indicated by Bitcoin (BTC) risk reversals trading in positive territory. This means that calls (buys) have been more expensive than puts (sells) for the sector, which is unusual, as BTC typically has a persistent put skew due to miner/treasury hedging activity. This shift in sentiment has been analyzed by QCP Capital, who have revealed that this is due to the macro market and the slight recovery in the economy.

The options market in its current state makes the crypto industry look like a major crisis, such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened. This change in sentiment is also reflected in the chart which shows the bullish sentiment impacting the options sector. Put skew drives the price of puts higher and calls lower, a difference in pricing between options which is called skew and, under normal circumstances, puts trade with higher volatility than calls precisely because investors are hedging some of their bullish positions.

These observations by QCP Capital could be indicative of a favorable trading environment in the cryptocurrency market in the coming months. With macro events such as Bitcoin ETFs, institutional investment, and the mainstreaming of digital assets, the market is beginning to look more positive for traders. This could be the start of a new era for cryptocurrencies, and with the right investments and strategies, investors could benefit from the potential of the industry.

It remains to be seen how the market will develop over the coming weeks and months, and whether the bullish sentiment will continue. However, with the right preparation and knowledge, traders can make the most of this shift in sentiment and capitalize on the potential of the industry.

1. On-chain data shows Bitcoin exchanges have experienced the largest outflows since the collapse of FTX back in November.
2. Around 7,000 Bitcoin have left the exchanges in this recent spike, measured by the “all exchanges netflow” indicator.
3. Negative values of this metric can signal that investors are accumulating coins, which may have a bullish impact on the price.

Bitcoin exchanges have recently seen the most significant outflows since the collapse of crypto-exchange FTX back in November. As analysts at CryptoQuant report, around 7,000 Bitcoin have left the exchanges in this recent spike. This outflow is measured by the “all exchanges netflow” indicator, which takes the difference between inflows (coins going in) and outflows (coins moving out) of all centralized exchanges.

When the indicator has a positive value, it means that the inflows exceed the outflows, and a net number of coins are being deposited to exchanges. Such values are usually associated with investors selling their Bitcoin, which can have bearish implications for the crypto’s price. On the other hand, negative values imply that a net amount of supply is being withdrawn from these platforms. Generally, holders withdraw their coins from exchanges to store them in personal wallets for extended periods of time. These values can signal that investors are accumulating coins, which may have a bullish impact on the price.

The chart below shows the trend in the Bitcoin all exchange’s netflow over the last few months:

The value of the metric has been quite negative recently, which implies that a net amount of supply is being pulled off these platforms. This can be a sign that investors are accumulating coins and may be bullish for the price of Bitcoin in the near future. However, it is important to keep in mind that such outflows can also be caused by other factors, such as exchanges moving funds between wallets or coins being stored on services like custodians. Therefore, it is necessary to carefully analyze the data before making any investment decisions.