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Major coins traded mixed on Sunday evening as the recent banking crisis in the United States has caused many investors to question the reliability of the traditional banking system.

$0.073

What Happened: Apex cryptocurrency Bitcoin BTC/USD is currently trading below $28,000.

Ethereum ETH/USD was up 0.66% to change hands below $1,800. Dogecoin DOGE/USD was trading at $0.073, down 0.36% in the last 24 hours.

At the time of writing, the global crypto market capitalization stood at $1.16 trillion, an increase of 0.64% over the last day.

U.S. stocks rose Friday after a volatile trading session. Although Friday began with fears that the banking crisis was spilling over to Deutsche Bank, the markets rebounded to end the week on a higher note. The S&P 500 rose 0.56%, while Nasdaq Composite ticked up 0.3%.See More: Best Crypto Day Trading Strategies

News Highlights: Liquidity is a major problem in today's crypto market. According to the Kaiko data provider, large orders without market depth can cause large price fluctuations, leaving traders vulnerable to slippage and even potential losses.

Conor Ryder, Research analyst at Kaoiko said the liquidity crisis has been particularly evident in Bitcoin, where the closure of two key US-based banks hassignificantly reduced liquidity levels to 10-month lows. The same liquidity crunch is also affecting the decentralized finance (DeFi) sector.

Analyst Notes: Crypto analyst Michal van de Poppe said that he predicted Bitcoin would drop to $25,000, but the apex crypto resisted and made a substantial correction to $26,200. He believes BTC would eventually reach $40,000. Trading isnt black and white, its often grey. This push makes me believe well continue up.

Crypto analystJustin Bennett had a snarky response to Balaji Srinivasan's bold $1 million bet. He said, if Bitcoin were to lose $26,500 on high times frames, then this would be the most obvious short entry point that the majority of crypto Twitter missed because they were promised $1 million in Bitcoin in just 90 days.

Read Next: Web3 Token Surpasses Bitcoin, Ethereum In Weekly Gains With 33% Surge On Microsoft Tie-Up

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Bitcoin, Ethereum, Dogecoin Mixed As Banking Worries Deepen ... - Benzinga

PRESS RELEASE

Published March 27, 2023

The Swiss metaverse DecentWorld, is shaking things up with the release of their innovative 2.0 update. One of the changes coming to the platform with the new overhaul is the EOS wallet integration.This integration aims to create an even more accessible and seamless user experience. A companion update also introduced an EOS to Ethereum ramp, which gives DecentWorld users more control over their virtual assets.

ZUG, Switzerland - March 27, 2023 --

Designed for performance and scalability the EOS blockchain is shown to be able to process thousands of transactions per second. These specifics make it a great fit for big-data driven metaverse projects, which aim for a smooth and seamless user experience with future scalability in mind.

EOS high security and decentralization was another key aspect that won the Swiss metaverse over. DecentWorld's users deal with a large number of virtual assets in the form of Streets, Collections and, with the 2.0 update Buildings as well. This solid and reliable foundation should make users of the platform feel peace of mind for the security of their digital assets.

"EOS wallet integration was a key steppingstone in creating what we call a hybrid system. We wanted to become an accessible metaverse for both users with limited to no knowledge about blockchain technology and crypto-savvy blockchain enthusiasts. The move for EOS wallet integration was specifically meant to make the user experience more streamlined and asset storage more secure." said Liucija Lenkauskaite-Stankevice, Project Lead at DecentWorld.

EOS to Ethereum ramp

The new DecentWorld EOS wallet integration comes paired with an EOS to Ethereum ramp, which allows seamless and easy transfer of digital assets from one blockchain network to the other.

Cross-network accessibility grants DecentWorld users more freedom in how they control their virtual assets. The seamless transition between the two blockchain networks grants added flexibility and control over NFT portfolios. It also grants DecentWorld users access to the largest NFT marketplaces, like OpenSea.

"For someone to genuinely be an owner of digital assets, there shouldn't be limitations or artificial borders erected for what that person decides to do with their digital property. If a user wants to mint a famous landmark, they can do that in DecentWorld. If the same user wants to sell that landmark in our P2P market, they can do that. If they decide to move their NFT to OpenSea and sell it there, now they can do that too." Liucija Lenkauskaite-Stankevice, Project Lead at DecentWorld added.

About DecentWorld

DecentWorld is a Swiss metaverse digital real estate and gaming platform built on blockchain technology to introduce a next-generation web3 experience. DecentWorld 3D Downtown Dubai experience hosts entertaining play-to-earn minigames and has metaverse marketing placements all over the city. The platform also allows members to mint and trade digital Street NFTs, which can then be combined into Collections and staked. DecentWorld also stands for trust and transparency in the blockchain industry.

To fully explore our metaverse, please visit http://www.decentworld.com

Follow our latest updates on Twitter, Discord, Telegram, Instagram, and LinkedIn.

For business partnerships, please reach out to [emailprotected].

Contact Info: Name: Liza Email: Send EmailOrganization: DecentWorldWebsite: http://www.decentworld.com

Release ID: 89092105

If you detect any issues, problems, or errors in this press release content, kindly contact [emailprotected] to notify us. We will respond and rectify the situation in the next 8 hours.

COMTEX_427630992/2773/2023-03-27T08:05:14

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DecentWorld Introduces EOS Wallets and EOS to Ethereum Ramp - Digital Journal

Welcome to the world of cryptocurrency, where the only constant is change! With new coins and upgrades being introduced every day, it can be difficult to keep up. But fear not, because weve got you covered! Here are some of the top DeFi cryptos to buy in April 2023: Ethereum (ETH), Cardano (ADA), and the newest addition to the pack, Dogetti (DETI)!

The second-largest cryptocurrency in the world is Ethereum (ETH), so lets start there! Ethereum has been making headlines recently with its major upgrade, which has reduced the supply of its native cryptocurrency, ETH. This upgrade has not only improved the platforms scalability, but it has also lowered transaction fees and allowed for more transactions per second.

But thats not all Ethereum is more than just a store of value. It powers an infrastructure on which apps can be built, making it the foundation of decentralised finance. In fact, many popular metaverse projects and NFTs rely on the Ethereum blockchain. Now Ethereum is promoting itself as a sustainable option for the future with a recent upgrade that cut energy use by nearly 100%! So, if youre looking for a cryptocurrency that has a proven track record and a promising future, Ethereum is definitely worth considering.

Next up is Cardano (ADA), a programmable cryptocurrency thats often compared to Ethereum. Like Ethereum, developers can build applications and cryptocurrency projects on the Cardano platform. But what sets Cardano apart is its dedication to testing it takes a slow-and-steady approach to development that may give it a stronger chance of surviving long-term.

Cardano has also developed a number of real-world partnerships, particularly in Africa where it aims to use blockchain to solve local problems. However, Cardano has its fair share of critics. With a current market cap of over $70 billion, its clear that Cardano has plenty of supporters who believe in its potential.

Are you ready to add some bite to your crypto portfolio? Say hello to Dogetti (DETI), the new top dog in town! Led by the notorious Don Elon, this mafia-themed meme token is ready to take the crypto world by storm with its incredible features, unique aspects, and pawsome tokenomics.

But what sets Dogetti apart from the pack? Its all about family, baby! Dogetti is dedicated to creating a devoted community where doggos have each others tails! With DogettiDAO, every member has a say in shaping the future of this growing family. And the best part? Its a decentralised decision-making process thats truly for the real dogs.

Dogetti is more than just a meme token, its bridging the gap between meme coins and DeFi coins with DogettiSwap. This decentralised exchange allows you to trade Dogetti and other digital assets securely. But wait, theres more! Dogetti NFTs, which you can adopt as your digital pets, are also nowavailable. These rare and unique NFTs will grant you access to exclusive events, just like the Bored Ape Yacht Club.

So what are you waiting for? Join the Dogetti family and bark up a storm with the top dog in town!

With Ethereum and Cardano leading the way in DeFi and Dogetti shaking things up with its unique features, theres no doubt that the cryptocurrency market is constantly evolving. As we head into April 2023, now is the perfect time to invest in these top DeFi cryptos and be a part of the exciting future of finance!

Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Top DeFi Cryptos to buy April 2023: Ethereum, Cardano and Dogetti - Euro Weekly News

The Ethereum blockchain remains the dominant operating system for decentralized finance, or DeFi, because few alternatives existed until recently, Bank of America said in a research report Tuesday.

The bank, however, said it expects Ethereum adoption and usage to decelerate if the blockchain is not able to increase its "throughput," adding that application developers will probably choose other networks to build on. In crypto, throughput refers to the number of transactions a blockchain can complete per second.

We view Ethereums long-term viability as dependent on its ability to fulfill the vision laid out in its road map, which includes implementing sharding architecture to expand its throughput capacity significantly, analysts Alkesh Shah and Andrew Moss wrote.

Bank of America noted that Ethereums smart contract-enabled platform gave it a first-mover advantage as app developers gravitated to the platform, which led to network effects as the number of decentralized apps (dapps) and users grew.

That early success, however, was a double-edged sword as the large number of transactions resulted in network congestion and surging transaction fees, the note said.

A dapp is an application that uses blockchain technology to keep users' data out of the hands of the organizations behind it. Smart contracts are computerized blockchain protocols that execute terms of a contract.

As in prior tech cycles (PCs, software, internet), new projects are likely to emerge and poorly positioned projects will exit, the note added.

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Ethereum Usage Will Drop If the Blockchain Doesnt Boost Speed: Bank of America - CoinDesk

Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.

Riccardo Savi | Getty Images for Concordia Summit

The co-founder of Ethereum, Joseph Lubin, hit out at regulators likening the ether cryptocurrency to a security, saying it was more akin to a commodity like oil.

In an interview with CNBC's Arjun Kharpal at Paris Blockchain Week Thursday, Lubin said he was "very confident" ether was not a security.

If it were treated as such, ether would need to be registered with regulators and subjected to much stricter requirements around pre-clearance and reporting.

"Anyone can say anything, it doesn't make it true," Lubin told CNBC.

The concerns that ether may be deemed a security stem from a lawsuit filed by the New York Attorney General Letitia James against Seychelles-based cryptocurrency exchange Kucoin, which alleged the firm failed to register as a securities and commodities broker-dealer and falsely represented itself as an exchange.

In the lawsuit, the NYAG's office listed ether among several tokens listed on Kucoin that the regulator viewed as securities, stating it was a "speculative asset" that relies on the efforts of third-party developers to provide holders with a profit.

"It's unfortunate that that sort of side swipe was made, but I don't think it's all that relevant," James said.

Ether is different from bitcoin in that it fuels an ecosystem of applications where users can make trades, loans, or buy nonfungible tokens.

It is the second-largest token globally, with a market capitalization of $212.8 billion.

Ether was trading 2% lower Thursday in the last 24 hours, according to data from CoinGecko.

"I'm not worried about ether so much," Nic Cary, co-founder of Blockchain.com, told CNBC's Kharpal. "I just don't know where you're going to target that action even if you wanted to pursue it."

"Obviously there are some major lawsuits that are working there way through the U.S. Coinbase has already indicated they're looking forward to letting this lie on its merits."

Previously, the U.S. Securities and Exchange Commission also suggested ether may be classed as a security due to its switch to a new verification system known as "proof of stake."

In a proof of stake model, a blockchain's validators lock up some of their tokens in return for ensuring the security of the network. By doing so, they can gain interest-like yields.

Some regulators believe that model means it fulfils the Howey Test, which states that an investment contract exists if there is an investment of money in a common enterprise and the expectation of profits derived from the efforts of others.

In September, SEC Chair Gary Gensler told reporters that any cryptocurrency or intermediary that allows holders to "stake" their tokens may pass the Howey Test.

Lubin said ether should instead be viewed as a commodity. "People buy barrels of oil with the expectation of profit," he said.

When asked again whether he thinks ether might be a security, Lubin said: "I don't think there's any point to speculate on something that is extremely unlikely."

The SEC has ramped up its enforcement of the crypto industry lately, clamping down on companies and projects it alleges have offered users unregistered securities.

On Tuesday, the SEC issued crypto exchange Coinbase a notice warning the company that it had identified potential violations of U.S. securities law.

Lubin said crypto industry participants are "generally frustrated" with actions from the regulators.

"I think some of us believe that many of the actions are right and reasonable," he said, adding "more clarity" was needed. "We've seen focus on things that should see real scrutiny and we've seen misunderstandings."

WATCH: Bitcoin at $10,000 or $250,000? Investors are sharply divided on 2023

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Ethereum co-founder says ether not a security, compares it to oil after regulator claims - CNBC