Crypto News Daily – March 22, 2022

Last Updated on March 22, 2022

Ethereum Whales Purchase Over $6 Million Worth Of APE Tokens:
https://www.newsbtc.com/news/ethereum/ethereum-whales-purchase-over-6-million-worth-of-ape-tokens/

This is Not What Ethereum is Built For, Vitalik Buterin Slams Bored Ape YC:
https://cryptopotato.com/this-is-not-what-ethereum-is-built-for-vitalik-buterin-slams-bayc/

SEC Delays Approving 2 Spot Bitcoin ETFs:
The U.S. SEC has delayed its decisions on applications for two spot Bitcoin ETFs. These were from WisdomTree Investments (WETF) and One River Asset Management. They say, “…it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments received.”

Malayasia Discusses Legalizing Bitcoin:
https://bitcoinmagazine.com/business/malaysia-discusses-legalizing-bitcoin-regulatory-obstacles

What L1 Protocols Must Learn From The Telecom Crash:
https://www.coindesk.com/layer2/2022/03/21/what-layer-1-protocols-must-learn-from-the-telecom-crash/

Texas Congressman Endorses Bitcoin Mining for US ‘Energy Independence’:
https://decrypt.co/95638/texas-congressman-endorses-bitcoin-mining-energy-independence

Chain Analysis, ETH Is Moving:
The movement of leading cryptocurrencies, including Bitcoin and Ethereum, from crypto exchanges to unknown addresses and cold wallets has been surging since the start of 2021.  On Monday 21 March 2022, a prominent Ethereum wallet moved 30,000 coins worth over $86 million from Crypto.com to an unknown wallet. The transfer, which was executed at around 6:41 UTC, represents one of the largest Ethereum transfers in recent weeks. While most of the crypto trading platforms are struggling to maintain the ETH supply, FTX has witnessed a jump in the past few days. On 18 March 2021, someone moved 7,431 Ethereum worth more than $21 million from a digital wallet to FTX.

Japan Plays Catchup With Coin Selections:
https://cointelegraph.com/news/japanese-crypto-exchanges-aim-to-catch-up-with-coin-listings-report

Web3 Or What, Why BTC Isn’t Crypto:
https://bitcoinmagazine.com/culture/why-bitcoin-isnt-crypto

Banking App ‘Dave’ Aligns With Crypto, FTX:
https://bitcoinist.com/mobile-banking-app-dave-secures/