Weekly Digest: Thailand Bans Crypto Payments, TIME Starts Accepting APE
Main page Digest, Crypto Market, Cryptocurrency
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March 25, 2022

What happened to crypto market this week

Thailand Bans Crypto Payments

Businesses in Thailand will not be able to accept payments in digital assets starting next month, according to a notification of the local Securities and Exchange Commission (SEC) based on the results of a joint study with the Central Bank of the country.

TIME Starts Accepting APE for Digital Subscriptions

TIME, an American news magazine and news website, will now accept apecoin (APE) for digital subscriptions. Although it remains unclear how exactly TIME plans to support payments in APE, the 99-year-old magazine wants to start accepting the altcoin in the coming weeks.

BlockFi, Circle and Others Face Consequences of HubSpot Hack

The geopolitical crisis sparked between Ukraine and Russia might eventually lead to an acceleration of crypto adoption as a tool to settle international transactions, Reuters reports, citing BlackRock CEO Larry Fink. In a letter to the shareholders, the BlackRock CEO wrote that the conflict upends the globalization drive over the last thirty years.

Meta Files Trademark Applications for Cryptos and Wallets

Meta (formerly Facebook) has filed eight new trademark applications for its logo related to cryptocurrencies and virtual assets, attorney Michael Kondoudis has announced. The filed applications reportedly include tokens, blockchain software, wallets, trading and exchange of virtual currencies.

The total capitalization of the cryptocurrency market at 7:30 pm (UTC) is $1,987,829,521,512

  • Bitcoin gained 6% to $44,244.47
  • Ether gained 5.5% to $3,096.56
  • Binance Coin gained 3.3% to $409.16
  • XRP gained 3.9% to $0.82

Top performer over the past week among the top 100 cryptocurrencies: ETC (+67%), according to CoinGecko.

Mining Profitability

  • Bitcoin: $0.2052 for 1 TH/s
  • Ethereum: $0.0414 for 1 MH/s
  • Bitcoin Cash: $0.2238 for 1 TH/s
  • Litecoin: $2.003 for 1 GH/s
  • Dash: $0.0211 for 1 GH/s
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