| The Shanghai upgrade on Ethereum gets pushed to April If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2023-03-05.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ BTC Drops Below $22,800 BTC Drops Below $22,800 Support, Silvergate Bank Crisis Threatens Capitulation BTC | BITCOIN $22397.00 +0.11%  BTC's decoupling with equities markets continued last week, but not in a good way. The US equities markets made a strong recovery, but Bitcoin failed to follow suit. Instead, it dropped below the key support level of $22,800. The drop has been attributed to the crisis at Silvergate Bank the organization was one of the crypto firms affected by the FTX collapse in Nov. 2022. Liquidity issues due to the bear market combined with major outflows in Q4 2022 led to a $1 billion net loss, igniting fears of bankruptcy and forcing Silvergate to discontinue its crypto payments network. There seems to be a massive spike of bearish sentiment, however, activity in recent weeks shows that a recovery is just as likely as a fall. At the moment, BTC needs to reclaim $22,800 even as the bears try to flip it into resistance. A push above the 20-day EMA and the 50DMA could see Bitcoin rally to $24,000. Conversely, failure to recapture could see BTC plummet to $20,000 again. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP Ethereum: Devs Push Shanghai Upgrade to April  The eagerly anticipated release of the Shanghai hard fork has been postponed by roughly two weeks. The Ethereum development team came to a consensus to delay the upgrade during a meeting held on March 2. Initially, the hard fork was set to be deployed at the end of March but has now been deferred to the first two weeks of April. The Goerli testnet launch, which is scheduled for March 14, will be the final rehearsal before the Shanghai hard fork is rolled out. Tim Beiko, the project coordinator and core developer for Ethereum, stated that it's likely they'll confirm a date during the next developers' meeting on March 16, assuming Goerli goes smoothly. Once the Shanghai upgrade goes live, validators can trigger phased withdrawals of ETH staked on the Beacon Chain. Polygon Launches Decentralized ID to ''Solve the Issue of Digital Trust''  Last week, Polygon publicly launched Polygon ID, a zero-knowledge decentralized identity product. This tech allows users to verify their identity without disclosing sensitive information to third parties, using zero-knowledge proofs (ZK proofs). The release comprises four tools Verifier SDK, Issuer Node, Wallet SDK, and Wallet App that developers can use to integrate Polygon ID into their ecosystems. Notable projects have committed to integrating the tech, including Kaleido, Fractal, the Sandbox, and Guild.xyz. Users will be able to use off-chain credentials (passports, national ID, etc.) for on-chain verification. They will be able to hold their credentials locally on their smart devices. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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FTX After-Effects Continue to Haunt Crypto
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