Market Analysis Report (14 Mar 2022)

The U.S. Securities and Exchange Commission (SEC) has rejected NYDIG and Global X’s applications to list spot bitcoin exchange-traded funds (ETFs), citing concerns around fraud, manipulation, and valuation methodology.

The European Parliament committee is set to vote on a proposed legislative framework that includes language regarding limiting proof-of-work cryptocurrencies. The Markets in Crypto-Assets Directive, or MiCA, includes language seemingly looking to outlaw proof-of-work cryptos over energy usage concerns.

Ukraine’s minister of digital transformation, Mykhailo Fedorov, has asked leading stablecoin issuer Tether to stop all transactions with Russians. Fedorov has in the past made similar pleas to other Western companies including software giant SAP and chipmaker Intel.

Sponsored: If you’re interested in kickstarting your crypto journey, you’ve come to the right place! Sign up for your account with Bybit and receive up to $30 worth of BTC.

Top stories in the Crypto Roundup today:

  • SEC Rejects Two Spot Bitcoin ETF Applications
  • EU Legislation Could Limit Proof-of-Work Cryptos
  • Ukraine Asks Tether to Block Russian Users
  • Chart of the Week: Total Value Locked of Ethereum Competitors
  • Sponsored: Register for a Rewarding Bybit Experience