Week in review: February 25, 2022 – Mexico to propose a crypto bill!

Written by Robby Ramos
on February 28, 2022
Week in review: Mexico to propose a crypto bill

In this week’s newsletter:

  • ALT 5 Sigma is at The MoneyShow & TradersEXPO conference.
  • Mexican senator Indira Kempis is developing a cryptocurrency bill that will be introduced to Mexican congress this year.
  • America’s oldest bank has partnered with Chainalysis to integrate the latter’s compliance software suite. This will allow the bank to monitor and analyze crypto products.

Read our weekly round up below.

ALT 5 Sigma was at The MoneyShow & TradersEXPO in Las Vegas from February 24th to 26th. It was a pleasure meeting everyone at our booth. Until next year!

Mexico To Propose A Cryptocurrency Bill Inspired By El Salvador

Crypto Daily | February 23, 2022
Indira Kempis of the Mexican state of Nuevo León recently shared with the publication El Salvador in English her desire to make Bitcoin legal tender in Mexico. Kempis noted in the interview that her crypto law proposal is similar to the proposal approved by the Salvadoran congress.

America’s Oldest Bank Partners with Chainalysis to Track Crypto Transactions

Crypto Slate | February 25, 2022
BNY Mellon, America’s oldest bank, announced that it has partnered with Chainalysis to integrate the latter’s compliance software suite with its multi-asset digital custody and administration platform. The move is part of the custodian bank’s strategy to offer crypto services to its clients.

Bitcoin Rises as Cryptocurrencies Try to Rebound After Major Sell-off

CNBC | February 25, 2022
Cryptocurrencies rose on Friday following a steep sell-off a day earlier that saw around $150 billion wiped off the market after Russia invaded Ukraine. Bitcoin was trading about 11% higher at $39,466.84 at 8:49a.m. ET, according to Coindesk data. Bitcoin had fallen as low as $34,338.57 on Thursday. Other digital coins including ether and XRP saw solid gains as well.

Digital Gold Narrative Valid as Long as MicroStrategy Holds Bitcoin, Says Exec

CoinTelegraph | February 24, 2022
Institutional investors who bought BTC via on-chain transactions seem to have not sold their holdings yet, according to CryptoQuant’s CEO. As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out.

Bitcoin Price Surges 7% in Rebound From PostUkraine Crash

Decrypt | February 25, 2022
The price of Bitcoin has rebounded by 7% in the last 24 hours, recovering much of the ground lost in this week’s market crash. Currently, Bitcoin (BTC) sits at $38,192, up 7.02% on the day, per CoinMarketCap. After plummeting to lows $35,000 earlier this week, Bitcoin reached a 24-hour high of $38,930 before being rejected.

Uniswap Leads Way as Most Big Cryptocurrencies Post Increases

MarketWatch | February 25, 2022
Most of the largest cryptocurrencies were up during morning trading on Friday, with Uniswap UNIUSD, +2.40% seeing the biggest change, rallying 1.74% to $8.97. Six additional currencies posted raises Friday.

  • Ethereum ETHUSD, +2.81% rose 1.69% to $2,677.40
  • Bitcoin BTCUSD, +2.39% increased 1.68% to $39,041.71
  • Polkadot DOTUSD, +1.93% rose 1.39% to $16.35
  • Ripple XRPUSD, +1.29% climbed 1.34% to 71 cents
  • Dogecoin DOGEUSD, +1.33% rose 0.31% to 12 cents
  • Cardano ADAUSD, +1.27%, which posted the smallest increase, rose 0.31% to 87 cents

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.