European Wrap March 29: FDIC, Ethereum & Dogecoin in Focus

The transition of Ethereum from Proof-of-Work to Proof-of-Stake (PoS) has led to the purging of around 70,000 ETH tokens from the circulating supply of the altcoin. Experts are optimistic about Ethereum’s price rally to $2,000 and believe that the upcoming token unlock during the Shanghai hard fork will be a non-event. The option of stakers pouring ETH into liquid staking derivatives is expected to be popular. Meanwhile, Dogecoin (DOGE) price is surging higher after a gloomy day on Tuesday, mainly due to the bullish undertone emerging in the Asian stock markets. The move comes after China’s central bank pledged to provide more financial aid to companies, resulting in a bull wave in all risk assets. In other news, the FDIC is urging crypto customers to exit the defunct Signature bank, whether or not they have a new bank, by next week, to expedite the process for stranded cryptocurrency customers to leave the temporary organization currently managing assets belonging to the now-collapsed bank.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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