Analysts bet on BTC and ETH to rally amid banking nightmare

 The a banking debacle exacerbated investors’ anxiety over a potential worldwide economic slowdown, and a repeat of the 2008 financial crisis.

According to three industry analysts,  the current banking crisis is the catalyst that will cause bitcoin and ethereum to experience massive price explosions.

Chris Burniske, a former crypto analyst at Ark Invest, Mike McGlone, a senior macro strategist at Bloomberg Intelligence, and Robert Kiyosaki, a well-known author, and businessman, are the three financial experts featured in a recent video from altcoin daily. 

Deutsche Bank Shares Plunge, Default Insurance Soars Amid More Banking Panic

 After Credit Suisse fell last week, could Germany’s largest bank be the next to go under?

Shares in Deutsche Bank – Germany’s largest lender – began to crash on Friday as financial industry fears continue to spread following a string of global bank failures this month. 

Meanwhile, the cost of default insurance on the bank’s potential collapse has risen to four-year highs.

Is Deutsche Bank Next?

Shibone Inu gains over 100% in 24 hours

 Shiba Inu’s meme coin competitor, Shibone Inu, is now enjoying another significant price increase when most digital currencies are seeing an abrupt decline in value. 

On March 23, the token had seen a rise of 130% over the previous 24 hours, on top of an increase of 373.31% over the past week. At press time, the token saw a slight correction.

US DOJ Files Support Memorandum to Put Voyager-Binance $1B Deal on Hold

 The motion seeks to stay the asset-sale plan until the appeal motion is handled in court and authorities iron out legal issues with Voyager.

The United States Department of Justice (DOJ) has filed a memorandum of support to have the $1 billion asset-sale deal between bankrupt crypto broker Voyager Digital and Binance.US put on hold until an appeal motion is handled.

This is Europe’s Most Crypto-Curious Country

 Dua Crypto determined that the Netherlands, Slovenia, and Switzerland are the most crypto-curious nations in Europe.

According to Dua Crypto’s research, The Netherlands rank as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) is at the bottom of the list.

Bitcoin (BTC) is the most popular digital currency in most countries, while Dogecoin (DOGE) is second.

Swift’s phase two CBDC pilot program takes flight

 Swift’s phase two CBDC pilot program is set to revolutionize cross-border payments by exploring the potential benefits and challenges of integrating digital currencies with Swift’s platform.

Swift, the long-standing financial messaging network, has announced plans to begin its phase two pilot program following the positive results from the first phase. The pilot is aiming to test the potential use cases for the central bank digital currencies (CBDCs) in Swift’s platform.

Mixed Signals for Crypto in Thailand Despite Tax Breaks

 The government of Thailand is preparing a series of tax breaks and incentives for crypto companies that issue digital tokens.

On Feb. 7, Reuters reported that the Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs) for investment.

According to government spokespeople, companies will have access to alternative methods of raising capital through token issuance in addition to traditional methods.