Summary

• Around 17% of Vietnam’s population own cryptocurrencies, with bitcoin being the most popular asset.
• According to Chainalysis, Vietnam has a score of 1.000 in cryptocurrency adoption.
• Vietnamese have founded seven of the top 200 blockchain organizations globally, such as Axie Infinity, Coin98 and Kyber Network.

Vietnam’s Growing Interest in Cryptocurrency

The latest data revealed that around 17% of Vietnam’s population have jumped on the cryptocurrency bandwagon. The „Vietnam Crypto Market Report 2022“ estimated that 16.6 million Vietnamese had purchased cryptocurrencies (approximately 17% of the country’s population). 31% of those have invested in bitcoin, making it the most preferred digital asset.

The study determined that Thailand is the only country with more HODLers than Vietnam in the Association of Southeast Asian Nations (ASEAN). Apart from having a considerable number of crypto investors, Vietnam is also home to multiple blockchain projects that primarily focus on GameFi (Game Finance), NFTs or Web3.

Vietnamese Blockchain Projects

Vietnamese have founded seven of the top 200 blockchain organizations globally, with Axie Infinity, Coin98 and Kyber Network being some of the examples. Axie Infinity is among the most popular blockchain-based games, reaching a peak of nearly three million users at the beginning of 2022 before dropping below one million in following months and spiking again at start their 2023 year.

Crypto Regulations

In October 2020, Vietnam released a draft decree for legal framework for cryptocurrencies and other digital assets. The document aims to provide regulations for activities related to virtual assets such as trading and mining while protecting customers‘ interests by enhancing transparency in transactions and preventing money laundering activities using virtual assets services businesses must follow when conducting operations related to cryptocurrencies or digital assets.

Conclusion

It appears that there is strong interest towards cryptocurrency adoption in Vietnam as more investors continue purchasing digital assets despite regulatory uncertainties surrounding them. With an increasing number of projects being developed by local entrepreneurs embracing crypto use cases, it will be interesting to see how this trend evolves over time if regulatory clarity can be achieved eventually allowing wider acceptance for virtual currencies across different sectors in Vietnam

• Meta is developing a decentralized text-based app called Codenamed P92.
• This app will allow users to log in through their Instagram credentials and will have features similar to that of Twitter.
• The company has roped in the legal department to address any privacy concerns before public launch.

Meta’s New App ‘Codenamed P92’

Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. This app, based on a decentralized framework, will allow users to login through their existing Instagram credentials and offer features similar to that of Twitter.

Login Through Instagram Credentials

The new app will use existing Instagram data such as names, profile photos and followers, among other things. This may raise some privacy concerns which is why the company has also brought onboard the legal team to work on any issues before its launch.

Similar Feature Set To That Of Twitter

At launch, the feature set of this new app by Meta is expected to be analogous to that of Twitter but with additional options for commenting on posts and messages added later. A spokesperson from Meta said that the company believes there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.

Recent Technical Glitches And Outages Experienced By Twitter

Prior to this development, Musk’s chaotic takeover of Twitter had resulted in several technical glitches as well as outages experienced by the platform which further adds motivation towards the release of this new decentralized text-based app by Meta.

Privacy Concerns Addressed Before Launch

As user data and privacy issues are crucial when it comes to social media platforms, it makes sense for Meta to take every precautionary measure possible before releasing its new product in public – including bringing in legal experts who can address any privacy related queries and complaints at an early stage itself.

• The U.S. Security and Exchange Commission (SEC) is opposing a restructuring deal proposed by Binance and Voyager Digital.
• At a court hearing in New York, Judge Michael Wiles expressed his disapproval of the SEC’s opposition to the deal.
• The SEC has urged for more clarity on their position regarding the security violations, with Gary Gensler claiming that every crypto asset aside from Bitcoin is a security.

Binance-Voyager Deal

The Binance-Voyager restructuring plan involves the sale of just over $1 billion worth of its assets to Binance.US. However, the U.S. Security and Exchange Commission (SEC) has opposed the deal claiming that it violates securities laws.

Judge’s Criticism

At a court hearing in New York on March 2nd, U.S. Bankruptcy Judge Michael Wiles was critical of the SEC’s objections to the deal saying “Deliberative is one thing, but what have you done? If there are reasons to be concerned here, I need to hear specifics.“

SEC Position

When questioned about the reasoning behind their opposition, SEC attorney William Uptegrove failed to provide a definite answer stating, “we can’t take a position at this point,“ before adding, „the SEC is a deliberative body, and its process is a nonpublic one by federal law.“

Gary Gensler

The new chairman of SEC Gary Gensler has ramped up his war on crypto this year and appears to be „carpet bombing“ the entire industry by claiming that every crypto asset aside from Bitcoin is a security – including Voyager’s VGX sale which he believes violated securities law without providing specifics on why he came to this conclusion or what those violations were specifically.

Outcome

If Judge Wiles approves of Voyager’s Binance deal then it will be allowed to proceed despite not having any clear answers from Gary Gensler or any other members of his team as to why they believe it would violate securities law in any way shape or form.

• Polygon (MATIC) recently found a local top at the $1.5 key resistance and sellers are attempting to push the price lower.
• The selling volume is increasing, and this is also reflected in the price. The daily RSI and MACD both indicate bearish sentiment for MATIC.
• A correction seems likely at this time, with the key support levels to watch being $1.3 and $1.

Polygon Price Analysis

Key Support Levels

The key support levels for Polygon (MATIC) are currently set at $1.3 and $1 respectively.

Trading Volume

The trading volume of MATIC has been increasing since its rejection of the $1.5 resistance level, indicating that sellers are taking control of the market right now.

RSI & MACD Indicators

The daily RSI is falling towards 50 points after having briefly stayed in the overbought area, while the daily MACD did a bearish cross today with its histogram making lower highs. Both indicators point towards a bearish bias for MATIC at this time.

Short-Term Prediction

A correction seems more probable than an increase in price from here on out, as bulls have been beaten back from the resistance level of $1.5 for now. It will be interesting to see how prices play out in the coming days given these indicators and current market conditions.

Conclusion

The current sentiment for MATIC is bearish, with a correction seeming more likely than an immediate surge higher in price after its rejection at $1.5 Key Resistance Level . Keep an eye on both key support levels of $1 and $1/30 to watch how prices react if they reach those levels again!

• Elon Musk recently uploaded a photo of his pet dressed as the new CEO of Twitter, prompting a surge in meme-inspired cryptocurrencies like FLOKI, DOGE, and SHIB.
• FLOKI rose 41% after the tweet while DOGE and SHIB increased by 6% and 5%, respectively.
• Musk previously promised to appoint someone “foolish enough” to be the new Twitter CEO.

Musk Tweets Photo of Dog as New Twitter CEO

Tesla CEO Elon Musk recently uploaded an amusing tweet featuring a photo of his beloved pet dog dressed as the new Chief Executive Officer of Twitter. This prompted a surge in meme-inspired cryptocurrencies such as FLOKI, DOGE, and SHIB.

FLOKI Soars Over 40% After Joke

The popular meme-inspired cryptocurrency – FLOKI – spiked around 41% after Elon Musk posted the image of his dog dressed as the new Chief Executive Officer of Twitter. Other memecoins, including DOGE and SHIB, also headed north albeit in a more modest fashion with gains of 6% and 5%, respectively.

Musk’s Previous Promise for New Twitter CEO

Keeping in mind that the Shiba Inu breed is named Floki, it is no wonder why the price of its respective digital asset skyrocketed following Musk’s joke. Prior to this event, he had vowed to appoint somebody “foolish enough” to be the new leader of Twitter.

Crypto Community Quickly Reacts

The crypto community was quick to react positively towards Musk’s humorous tweet about appointing his pet as CEO for Twitter. They suggested that it would indeed be foolish yet entertaining enough for him or her (or rather ‚it‘) to take on this role.

Conclusion

It remains unclear if Musk will actually follow through with his promise; however it’s safe to say that he has certainly gained some attention from this lighthearted joke surrounding memecoins such as FLOKI and Dogecoin (DOGE).

• WeTransfer, a file-sharing platform, has announced a partnership with Minima to enable users to create and send NFTs from their phones.
• The decision to partner with Minima was due to the fact that both companies have similar visions and target markets.
• With this partnership, users will be able to use the Minima Coin as the payment method of choice for NFT transactions.

WeTransfer Partners with Minima

WeTransfer, a freemium model file-sharing platform, recently announced its partnership with blockchain developer group Minima. This move allows users to create and send Non-Fungible Tokens (NFTs) from their phones without compromising on privacy.

Aligned Vision

Damian Bradfield, the Chief Creative Officer at WeTransfer said that they decided to partner with Minima because both companies share closely aligned vision and target market. He further added that “WeTransfer is thrilled to work with Minima, whose vision is aligned strongly with ours to seamlessly connect people and facilitate innovation and creativity without sacrificing privacy.“

Minimal Node Requirements

Minima is a group of developers that have produced an incredibly lightweight Layer-1 blockchain intended for mobile devices. In order for one to run a node on this blockchain all it requires is downloading an app and running it in the background. Furthermore, users will be able to utilize the blockchain’s proprietary token called Minima Coin as payment method for NFT transactions carried out due to this partnership.

User Friendly Experiences

WeTransfer already has infrastructure set up which makes integration relatively easy between its services and blockchain technology. Moreover, it does not require you to create an account when receiving files sent by others – making user experiences even more convenient than before!

Privacy & Creativity

As privacy remains one of the main selling points of using decentralised networks such as blockchain technology – WeTransfer’s user experience can easily be complemented by such features offered by these networks; which could potentially open up new opportunities in creative expression through digital collectibles such us NFTs!

• Plan B, a popular Bitcoin price analyst predicts that the asset’s price could reach up to $1 million in 2025.
• He believes that the 4-year cyclical bottom of Bitcoin is behind us and another bull market is starting.
• At a minimum, Plan B expects the asset to rise above $100,000 by 2025.

Plan B’s Prediction for Bitcoin’s High in 2025

Popular Bitcoin price analyst Plan B has outlined a scenario that he predicts could propel Bitcoin’s price up to $1 million in the year 2025. At a minimum, he expects the asset to rise above $100,000 that year – over 300% above its current price.

Returning To The Bull Market

In a video published on Sunday, Plan B emphasized his belief that Bitcoin’s pump in January confirms that the asset’s 4-year cyclical price bottom is now behind us. From here, he forecasts the start of another bull market, estimating Bitcoin between $100,000 and $1 million within 3 years.

Minimum Price Target Estimate

„It will be higher than $100,000,“ he stated. „The stock-to-flow model this prediction is based on is indicating $500,000.“ ADVERTISEMENT The analyst multiplied the latter figure by 2 to arrive at his upper bound $1 million prediction, and divided it by 2 – while dragging it down further for the sake of conservatism – for his lower bound $100,000 target.

Range May Be Considered „Large“ And „Unusable“

While he recognized that the range may be considered „large“ and „unusable,“ he claimed it would be „crazy“ not to mention it since such an increase would represent an incredible growth opportunity for investors who act today before prices really take off.

Maintaining Optimism Despite Crypto Winter

Despite months of bearishness throughout 2018 and 2019 (known as Crypto Winter) which saw prices fall from their 2017 all-time highs near , Plan B maintains optimism about where prices are heading going forward. He also appears confident in his predictions despite recent negative news surrounding Ethereum Classic (ETC), Tether (USDT) and QuadrigaCX exchange debacle – claiming these events have little impact on BTC markets since they’re unrelated directly with bitcoin itself or its blockchain platform

• Argo Blockchain has been accused of violating federal securities law during its initial public offering of American depositary shares.
• The lawsuit claims that Argo’s „wrongful acts and omissions“ caused a „precipitous decline“ in ADS’s market value, leading to significant investor losses and damages.
• The complaint alleges that the company negligently prepared its IPO documents which hid crucial details that would affect its business profitability.

Argo Blockchain, a leading cryptocurrency mining company, is facing a class action lawsuit alleging federal securities law violations during its initial public offering of American depositary shares. The lawsuit claims that Argo’s “wrongful acts and omissions” caused a “precipitous decline” in ADS’s market value, leading to significant investor losses and damages.

The complaint was filed in the United States District Court for the Eastern District of New York and claims that Argo’s “material misstatements and omissions of fact” in its IPO documents misled potential investors and caused them to suffer losses. According to the complaint, Argo’s IPO documents neglected to disclose important information that would have had a significant impact on the company’s profitability, such as its inadequate IT infrastructure and its involvement in shady business practices.

The complaint alleges that Argo’s IPO documents contained false and misleading statements and omissions, which led to a drop in the company’s stock price. The lawsuit seeks to recover damages for those who purchased the ADS between the IPO date of May 21, 2021 and the filing date of November 16, 2021.

The complaint also alleges that Argo’s officers and directors were aware of the company’s inadequate IT infrastructure and failed to properly disclose it in the IPO documents. In addition, the complaint alleges that Argo was involved in questionable business practices, such as providing false and misleading statements about its operations and financial performance, as well as its use of crypto-currency for money laundering.

The lawsuit seeks to recover damages for those who purchased the ADS during the aforementioned period. It also seeks to enjoin Argo from committing any further violations of federal securities laws and to impose civil penalties against the company.

This is not the first time that Argo has been accused of violating federal securities laws. In 2020, the company was sued by investors who accused it of making false and misleading statements about its operations and performance. The company was also accused of making false and misleading statements about its use of cryptocurrency for money laundering.

Argo Blockchain has yet to respond to the allegations in the complaint and has not yet filed an answer to the complaint. It remains to be seen how Argo will respond to the allegations and what the outcome of the case will be.

• Bitcoin, along with most altcoins, saw a massive surge in price on the second consecutive Saturday.
• Bitcoin rose to its highest price since September 13, with other altcoins well in the green as well.
• Over $300 million in shorts were liquidated during the surge.

The cryptocurrency market has seen a major uptick in prices during the start of the new year, with Bitcoin leading the charge. After weeks of trading sideways and even dropping below $21,000, the Bitcoin bulls returned on Saturday morning to push the asset to its highest mark since September 13. This impressive rally has had a huge impact on the market, with many altcoins also seeing a surge in prices.

The most notable consequence of this surge, however, has been the number of liquidated shorts. Over $300 million worth of shorts were liquidated as Bitcoin soared to its 18-week high, providing a massive boost to the bulls. This is a major change from the end of 2022, when the bulls were struggling to keep the asset above $21,000.

The surge in prices has also been a major boon for altcoins. Ethereum, the second-largest cryptocurrency by market capitalization, saw a huge surge in prices, rising to its highest mark since mid-October. Other tokens, such as Cardano, Polkadot, and Uniswap, also saw significant gains during the rally.

The bullish sentiment in the crypto market has been further bolstered by an influx of institutional investors. Companies such as MicroStrategy and Tesla have recently made massive investments in Bitcoin, which has further contributed to the rally. This influx of institutional money has been a major catalyst for the surge in prices, and it appears that the bulls are here to stay.

The crypto market is currently in a state of flux, but it appears that the bulls are firmly in control. With Bitcoin and most altcoins surging to multi-month highs, the market is ripe for further gains. The influx of institutional money and the liquidation of shorts are further indications that the bulls are here to stay. It remains to be seen if the current surge will continue, but the outlook is certainly bullish.

• The United States District Court for the Southern District of California has ordered over $17 million in restitution to be distributed to nearly 800 victims from over 40 different countries due to their investment losses in BitConnect.
• The US Department of Justice stated that BitConnect operated a „textbook Ponzi scheme“ as it paid earlier BitConnect investors with money from later investors.
• The restitution is a result of the combined efforts of the Department of Justice, the Federal Trade Commission, the Securities and Exchange Commission, and state attorneys general to bring justice to the victims of the Ponzi scheme.

The United States District Court for the Southern District of California has recently issued an order of restitution of over $17 million to nearly 800 victims of the notorious BitConnect Ponzi scheme. The scheme, which defrauded thousands of investors across the world, was discovered and accused of being a „textbook Ponzi scheme“ by the US Department of Justice (DOJ) in 2020.

BitConnect was first established in 2016 as a crypto-currency investment platform that promised investors high returns with low risk. Investors were promised that their investments would double in value within a matter of months, but in reality it was nothing more than a Ponzi scheme. The platform operated by paying earlier BitConnect investors with money from later investors. As a result, investors were left with nothing and suffered great losses.

The restitution order is a result of the combined efforts of the Department of Justice, the Federal Trade Commission, the Securities and Exchange Commission, and state attorneys general to bring justice to the victims of the Ponzi scheme. Over 800 victims from over 40 different countries will receive restitution from the $17 million fund. They will receive the money as soon as the funds become available.

The Department of Justice is also working to recover and distribute the remaining funds that were unlawfully obtained by the BitConnect operators. The funds will be distributed to victims who were defrauded by the Ponzi scheme. The Department of Justice and its partners are dedicated to seeking justice for victims of fraud and will continue to work towards recovering the remaining funds.