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Bitcoin's price fell below $40,000 at the start of the week before rising. last week, it reclaimed the $41,000 mark. Ethereum has taken a similar path, falling below $3,000 earlier this week before quickly recovering. The war in Ukraine, which has forced millions of Ukrainians to flee and killed thousands, is one of many factors contributing to increased volatility in the crypto and stock markets. The use of cryptocurrency is growing in popularity. Bitcoin is the most valuable cryptocurrency in terms of market capitalization, and it serves as a useful barometer for the overall crypto market, as other coins such as Ethereum (and smaller altcoins) tend to follow its lead. Despite the fact that Bitcoin recently hit a new all-time high.  

In a recent statement, the Brazilian Central Bank provided details on its progress on its CBDC project, the digital real. When asked about a possible test involving the currency's use in the final half of the year, its president, Roberto Campos Neto, hinted at one. Countries in South America have CBDC programs, and Brazil could join them. Since last year, the Central Bank of Brazil has been moving forward with its digital real project when it revised the rules that a Brazilian CBDC would have to adhere to. In March, the institution whittled down its list of 47 applicants to just nine. According to the rapporteurs, these new hybrid proposals are expected to be approved within the next few months.  

Facebook's parent company has put together preliminary plans to release virtual coins, tokens, and lending services on its apps. Meta doesn't envision a blockchain-based digital currency but in-app tokens that the company centrally controls. The project could be dropped, altered, or both.  

 When looking at the trend in NFT trading volumes, it is clear that there is a connection to the value of cryptocurrencies. When crypto prices rise, NFTs become more expensive, primarily when the costs of NFTs are based on crypto. OpenSea has formed a partnership with MoonPay to accept payments by bank card, Apple Pay, and Google Pay for purchasing NFTs. Users of OpenSea can now purchase NFTs with a debit or credit card, eliminating the need to first acquire cryptocurrency. Using primary payment methods such as MasterCard, Visa, Apple Pay, and Google Pay, collectors can pay directly to the company.

 Ronin, a cryptocurrency network, has disclosed a data breach in which attackers made off with $540 million in cryptocurrency. It is possible to transfer digital assets from one blockchain to another through "blockchain bridges." Since they require an adequate reserve of cryptocurrency coins for underwriting, bridges are a popular target for hackers.