• Gary Gensler, the current head of the US Securities and Exchange Commission (SEC), will testify before the House Financial Services Committee on April 18.
• This hearing is about his views on regulation and cryptocurrency as well as setting down a regulatory framework for digital assets.
• There has been a lot of interest in the SEC chairman’s position on cryptocurrencies over the years, with multiple agencies taking a hard line on digital currencies by the end of the first quarter of 2023.

Chairman of SEC To Testify Before the House Financial Services Committee

Rep. Patrick McHenry, chairman of the Financial Services Committee, recently announced that Gary Gensler, head of US Securities and Exchange Commission (SEC) will testify before their panel on April 18th. The hearing is expected to cover topics such as his views on regulation and cryptocurrency, while also focusing on setting down a regulatory framework for digital assets.

Interest in SEC Chairman’s Position On Cryptocurrencies

There has been significant interest in the SEC chairman’s position on cryptocurrencies since 2020. Democrats have been vocal against its usage while other countries already have regulations governing cryptocurrencies in place. Certain agencies such as Commodity Futures Trading Commission have taken action by filing lawsuits against Binance (CFTC). On top of this, Wells notices were sent out to companies like Coinbase by SEC at the end of first quarter in 2023 regarding crypto regulations.

Congress Determines Fate Of Crypto Regulation

The crypto community has continuously stressed that Congress will be determining fate of crypto regulation rather than individual agencies themselves. To this date, U.S authorities have not provided specific guidelines for digital currency use despite other countries having done so already . This lack of clarity has been highlighted ever since Ripple was sued by SEC back in 2020 with many waiting eagerly for outcome to potentially provide basis for what could be considered security within United States borders.

Hard Line Taken By Agencies

It appears that U.S authorities are taking a hard-line stance towards digital currencies with multiple agencies taking action via different methods such as Wells notices sent to Coinbase and lawsuits filed against Binance (CFTC). However there is no clear roadmap yet from existing authorities regarding these matters which has left many uncertain about future regulations pertaining to cryptocurrency use within country’s boundaries .

House Financial Services Committee Jurisdiction

The House Financial Services Committee holds jurisdiction over all areas involving American financial services industry including banking , securities , digital assets etc . They possess great power when it comes to decisions made concerning SEC as whole . Therefore it is not surprising why there was much anticipation when it came to Gary Gensler being called upon before committee to discuss his views regarding crypto regulations .

• Mawson Infrastructure Group Inc. (MIGI) is hosting a webcast to discuss results for the fourth quarter and year end of 2022 on March 23, 2023 at 5:00 p.m. Eastern Time.
• The conference call will also be accompanied live by webcast and will be accessible via the link provided in this article.
• Mawson Infrastructure Group is an international digital infrastructure provider that matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets.

Mawson Infrastructure Group Inc Schedules Fourth Quarter Results Webcast

Mawson Infrastructure Group Inc (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, has scheduled a webcast for March 23, 2023 at 5:00 p.m. Eastern Time, to discuss results for the fourth quarter and year end of 2022. A new Investor Presentation will be available on the website at www.mawsoninc.com prior to the call.

Conference Call Information

Date: Thursday, March 23, 2023
Time: 5:00 p.m Eastern Time
Dial In Number for U.S Callers: 1-877-407-4018
Dial In Number for International Callers: 1-201-689-8471
Reference Conference ID# 13736885

The call will also be accompanied live by webcast and will be accessible at https://viavid.webcasts.com/starthere.jsp?ei=1602651&tp_key=79cc759589 To join the live conference call please dial in to the above referenced telephone numbers five to ten minutes prior to scheduled conference call time.

A replay will be available starting on March 23, 2023 at approximately 8:00 p.m ET through April 6, 2023 at 11:59 P.M ET To access the replay please dial 1-844-512-2921 in U .S and 1 -412 -317 -6671 for international callers . The conference ID # is 13736885.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ : MIGI ) is a digital infrastructure provider , with multiple operations throughout USA & Australia . Mawson’s vertically integrated model is based on long term strategy & promote global transition to new digital economy . It matches sustainable energy infrastructure with new generation Mobile Data Centre( MDC )solutions , enabling low cost Bitcoin production &on demand deployment of infrastructural assets . With strong focus on shareholder returns & aligned Board & management , Mawson Infrastucture group emerging as global leader in ESG focused Bitcoin mining & Digital infrastructural developments.< br / > < br / >

< h2 > Cautionary Note Regarding Forward – Looking Statements
Mawson cautions that statements in this press release which are not description of historical facts are forward looking statements within meaning of Private Securities Litigation Reform Act 1995 . Forward looking statements may identified by use of words refer “anticipate” ,”believe” , “continue ”,”estimate” ,”expect”, “intend”, “may”, “plan”, “potential”,”predict”,”project”,”target”,”should” or “will” or similar expressions which indicate future events or trends . Undue reliance should not place these forward looking statements as actual results could differ materially from those anticipated in such forward looking statements due to various factors including but not limited to risks discussed periodically under section entitled “Risk Factors”in Company’s SEC filings.< br / >

< h2 > Contact Information For further information visit www . mawsoninc . com or contact : [Insert contact information]

• The Bank of England (BoE) has recently announced that Silicon Valley Bank UK (SVB UK) will stop making payments and deposits.
• This comes after California regulators shut down SVB in the United States on the same day.
• Major blockchain venture capitalists had over $6 billion in assets with SVB UK, and a group of U.K. VCs released a statement in support of SVB UK.

Bank of England Closes Silicon Valley Bank UK

The Bank of England (BoE) recently announced that Silicon Valley Bank’s U.K branch (SVB UK) will be “stopping payments or accepting deposits”. The BoE also plans to petition the court to initiate a “Bank Insolvency Procedure” against SVB UK as it has no “critical functions” supporting the UK’s financial system.

Financial Services Compensation Scheme

The Financial Services Compensation Scheme (FSCS) have stated they will immediately pay out up to £85,000 or up to £170,000 for joint accounts, in case an insolvency procedure is initiated.

Support from Digital Entrepreneurs

On March 12th, a group of U.K VCs including Index Ventures and Atomico released a statement supporting SVB UK, calling it a “trusted” and “valued partner” that plays a pivotal role in assisting British entrepreneurs with their businesses. Similarly, The Coalition for a Digital Economy expressed concern about companies and investors who had substantial exposure to SVB UK being adversely affected by its closure.

Assets Held by Blockchain Venture Capitalists

A Castle Hill analysis from March 11 showed major blockchain venture capitalists had over $6 billion worth of assets with SVB UK before its collapse.

Responsibility for Remaining Assets & Obligations

Following the closure of SVBUK, bank liquidators will be responsible for handling all remaining assets and obligations throughout its bankruptcy proceedings so any recoveries can be distributed to creditors accordingly

• Bitcoin NFTs may reach $4.5 billion by March 2025, according to Galaxy Research.
• Ethereum and Solana were well-known leads in the field of NFT before the introduction of Ordinal.
• Bitcoin vs Ethereum NFTs (Source: Galaxy Research) can be compared, with the market estimation for Bitcoin NFTs at $10 billion when the market is in a bull phase.

Recent Advances in NFT Technology

The recent talks about Bitcoin NFTs have gained massive attention. Post the launch of Ordinal at the start of the new year, there has been a jump from leading NFT blockchains to Ordinals. Specifically, Ethereum and Solana were well-known leads in the field of NFT before their introduction. The inscriptions minted on NFT crossed over 200K in just 3 months and this has led to many updates like Yuga Labs’ announcement of “TwelveFold”. And a recent update from Galaxy’s research unit has provided details about the Ordinals and inscriptions.

Bitcoin vs Ethereum

A section also has a comparison between Bitcoin and Ethereum NFTs (Source: Galaxy Research). The introduction of NFT on Bitcoin goes long back to 2012 and in 2014, Namecoin was minted on Bitcoin as its first ever Non Fungible Token (NFT). According to Galaxy research, if market conditions remain bullish then the estimated market cap for bitcoin NTFS will be around $10 billion; however if worst case scenario occurs then it will be around $1.5 billion by March 2025 with neutral estimate being $4.5 billion by same time frame.

Divided Community Opinion

The bitcoin community is divided into two groups when it comes to this topic – one who believes that an increase in activity will maintain network stability while other group worries that an increase in transaction numbers may lead to higher gas fees making it harder for small scale transactors to use these services effectively.

Conclusion

The advances made so far have been promising but it is still very early days yet when it comes down to gauging how successful they will be ultimately. As such more research needs to be done before jumping into conclusions or taking any drastic actions with respect to this technology as there are both pros and cons associated with its usage which need careful consideration beforehand.

Sources

Galaxy Research – https://galaxyriseupgroupresearchunit/bitcoinvsethereumnfts/

• Avalanche (AVAX) is the native cryptocurrency of the Avalanche network, launched in 2020.
• The current market status for AVAX shows that its 24-hour price has changed by 4.3% and it has a circulating supply of 315,125,667 tokens.
• In 2023, the bullish price prediction for AVAX is $21.89 – $40.99 while bearish prediction is $16.34.

What Is Avalanche (AVAX)?

Avalanche (AVAX) is the native cryptocurrency of the Avalanche network, launched in 2020. It is a platform designed to create decentralized applications (dApps) and customized blockchains with three different interoperable chains: Exchange Chain (X-Chain), Contract Chain (C-Chain), and Platform Chain (P-Chain). It operates with a directed acyclic graph optimized consensus protocol known as Snowman protocol which helps in producing blocks on the chain.

Current Market Status Of AVAX

The current market status for AVAX shows that its 24-hour price has changed by 4.3% and it currently holds 18th position on CoinGecko with a circulating supply of 315,125,667 tokens and an all-time high of $144.96 on November 21st 2021 . Its current price stands at $19.67 with 24 hour trading volume at $298,998,512.

AVAX Price Prediction 2023

In 2023, the bullish price prediction for AVAX is $21.89 – $40.99 while bearish prediction is $16.34 according to statistics, patterns prices , RSI , RVOL analysis etc . Investors should take into consideration technical aspects like resistance levels before investing or trading in order to minimize risk and maximize returns . Also , they should keep an eye on news related to this crypto currency as any positive news could be beneficial for its price .

Conclusion

Avalanche (AVAX) which was launched in 2020 has seen good success so far when it comes to adoption rate across various industries due to its interoperability between chains , low transaction fees & scalability features . As per our analysis , we believe that its possible that it can reach upto US$30 by end of 2023 given favourable market conditions & regulatory environment but investors should do their own research before investing or trading in any crypto currency as there are always risks associated with it .

Disclaimer

We have published content based on our research & understanding about this cryptocurrency & we don’t hold any responsibility if you incur any losses because of your investments/trades based off our content . Always consult experts before taking any decision related investments or trades .

• Catamaran Guru and Trippy Sailors Adventure Club have collaborated to launch an NFT collection with sailing perks for members.
• The companies aim to promote and educate about the world of sailing, as well as open access to exclusive trips through NFT gated experiences.
• By owning at least one of the 5555 Trippy Sailor NFTs, members get to connect with like-minded individuals, form travel groups, and a chance to win free vacations.

Catamaran Guru and Trippy Sailors Adventure Club Launch NFT Collection

Catamaran Guru, the number one go-to company for catamaran owners with a global sailing community, announced today a collaboration with Trippy Sailors Adventure Club (TSAC), an innovative NFT collection with travel utility.

Aim of Collaboration

The two companies aim to promote and educate about the world of sailing and open access to high-end exclusive sailing trips through NFT gated experiences.

Global Market Size

It is estimated that the global market size will reach $211.72 billion by 2030, and according to Euronews Travel Trend report they are bound to break into the global travel industry this year.

Sailing Perks for Members

By owning at least one of the 5555 Trippy Sailor NFTs, members get to connect with like-minded individuals, form travel groups, and a chance to win free vacations.

Through the partnership with Catamaran Guru, TSAC will offer hundreds of sailing trips to Trippy Sailors NFT holders where they will get to enjoy a state-of-the-art crewed catamaran and sail around the British Virgin Islands and The Bahamas.

.

Conclusion

< p > This collaboration puts our industry front and center of a huge new audience. It is a tremendous opportunity to cultivate a new generation of sailors and adventure seekers

• Visa is testing USDC payments on Ethereum, aiming to access smart contract-based payment options.
• The USD Coin (USDC) token trades at $1.00 with a 24 hour trading volume of $2 billion and a market cap of $41 billion.
• The multinational financial company seeks to strengthen its ability to process quick and safe cross-border payments, improve its fraud detection and prevention capabilities, and lower its operational costs by using the transparency, security, and immutability of blockchain technology.

Credit Card Giant Visa Testing USDC Payments on Ethereum

Visa is experimenting with how to accept payments from issuers in USDC on Ethereum and payout in USDC as well as large settlement payments. This was announced by the President of the cryptocurrency division at Visa during StarkWare Sessions 2023. Furthermore, the credit card giant intends to integrate Ethereum blockchain-powered solutions into its services for customers’ demands in order to convert digital assets into fiat payments.

USDC Price Track

The stablecoin USD Coin (USDC) tumbled due to recent market bearish momentum but has now seen an uptick in the global digital market with a market cap of $1.1 billion increased around 1.5% in a day and traded at $1.00 with 24 hours trading volume of $2 billion, increased around 2.5% in the previous day also having a market cap of $41 billion .

What is Visa Seeking?

Visa seeks to strengthen its ability to process quick and safe cross-border payments, improve their fraud detection and prevention capabilities, and lower their operational costs by using the transparency, security, and immutability that comes along with blockchain technology. Additionally there are plans for providing new smart contract based payment options for customers via integration with Ethereum .

Optimism From CEO Alfred F Kelly

The CEO Alfred F Kelly believes that stablecoins and CBDCs can play a meaningful role in the future payments space as he is optimistic about incorporating blockchain powered solutions into their services .

Conclusion

In conclusion , visa seeksto integrate Ethereum blockchain powered solutions into their services for customers’ demands which would result inthe strengtheningof their abilityto processquickand safecross borderpayments , improvement oftheirfraud detectionandpreventioncapabilities , bringing downoperationalcosts through useof transparencysecurityandimmutabilityof blockchaint echnologyaswellas offering newsmartcontractbasedpaymentoptions viaintegrationwithEthereum .

• Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones.
• Anton Tkachev, a member of the State Duma Committee on Information Policy, Information Technologies, and Communications, thinks it’s a good idea to prohibit mining in residential areas and energy-deficient regions.
• The State Duma, the lower chamber of the Russian parliament, is presently debating legislation designed to regulate mining activities.

Crypto mining in residential zones of Russia might face a ban soon, according to reports from local media. The proposal was put forth by the Energy Committee of the State Council, and there is already a growing consensus that this ban could make the community safer from fires. Anton Tkachev, who is a member of the State Duma Committee on Information Policy, Information Technologies, and Communications, believes that this ban is necessary in order to ensure energy security in the smaller communities which lack the resources to properly maintain and repair their energy infrastructure.

The risk of fires starting in private residences due to the mining equipment is another factor that has been highlighted. This is why the State Duma, the lower chamber of the Russian parliament, is currently debating legislation that would regulate the mining activities in the country. This would be a major shift for the country, as many regular Russians have been using crypto-related activities as a side hustle due to the lack of regulation.

The committee’s minutes from mid-December indicate that the experts on energy and the digital economy will be discussing the issue in detail in the near future. This means that the ban could be implemented soon in an effort to protect the residential areas from the dangers of crypto mining. It remains to be seen how this will affect the crypto mining industry in Russia, but it is clear that the government is taking steps to ensure the safety of its citizens.

1) Ripple has announced the appointment of Monica Long as its new President.
2) Monica Long has been with Ripple since 2013, and has been an instrumental part in the development of the Ripple ecosystem and the introduction of On-Demand Liquidity (ODL).
3) Ripple CEO Brad Garlinghouse referred to Long as one of the most renowned figures in the crypto industry and praised her for helping lead Ripple to a strong point of development and financial health.

Ripple, a cryptocurrency firm, has announced the appointment of Monica Long as its new President. Monica Long has been a part of Ripple since 2013, and has been an instrumental part in the development of the company’s ecosystem and the introduction of On-Demand Liquidity (ODL), which is now used in 40 countries across several continents.

Ripple CEO Brad Garlinghouse commented on the appointment saying, “At a time when crypto was barely a blip on the radar, she was in the trenches establishing Ripple as a responsible leader in the crypto industry.” Long has been credited for helping lead Ripple to a very exceptional point of development and financial health.

In the press statement, the company acknowledged Long’s role in their success during several crypto winters and hurdles in the market. Even when Ripple was just starting out, with only ten people on staff, Long was with the firm and has since then supported the company through its meteoric growth.

Long expressed her excitement and enthusiasm for the new role and stated, “There is no product or company quite like Ripple and I am proud to be leading this amazing team of professionals.” She also went on to add that she is looking forward to continuing to build the Ripple ecosystem and “driving the continued momentum and innovation that Ripple is known for”.

Monica Long has a strong background in the financial industry, having previously held executive roles at PayPal and IBM. She brings with her a wealth of knowledge and experience in the industry, as well as a clear vision of how to move Ripple forward.

Ripple has been on a steady trajectory of growth since its founding in 2012, and this new appointment is expected to push the company to even greater heights. With Monica Long at the helm, Ripple is sure to achieve even greater success in the coming years.

• Changpeng Zhao (CZ), the CEO of Binance, recently predicted that traditional finance will undergo catastrophic consequences due to its lack of adoption of crypto technology.
• The TradeFi institutions have reduced their commitments to cryptocurrencies in response to the massive downfall of the crypto domain in 2022.
• In 10–20 years, Zhao believes that traditional financial players will be left behind in terms of adoption of crypto technology.

Traditional finance is facing an uncertain future due to their lack of adoption of crypto technology, according to Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange. In a recent tweet thread, CZ predicted that traditional finance is likely to have catastrophic consequences due to their failure to keep up with the rapid progress of crypto technology.

The fall of certain crypto projects in 2022, such as Terra Labs, Voyager Digital, Celsius Network, Alameda Research, and FTX, has prompted the TradeFi players to take a step back from crypto adoption. This has caused a challenge for traditional financial players to embrace crypto technology, leaving them behind in terms of adoption. CZ believes that the failure of certain cryptocurrency projects during the previous year will have existential consequences for TradeFi institutions in 10–20 years.

The impact of the few failed crypto projects last year was felt by the crypto industry, resulting in a hesitation to adopt the technology. However, Zhao is optimistic that the industry is already beginning to recover and will continue to do so in the future. He is hopeful that traditional financial players will eventually learn to embrace crypto technology and take advantage of the numerous benefits it has to offer.

Overall, Changpeng Zhao’s expectations regarding traditional finance has put the spotlight on the importance of the crypto industry. It is clear that the future of finance will largely depend on the adoption of crypto technology, and the TradeFi institutions should take this into consideration in order to stay competitive and remain relevant in the years to come.