Biden’s SEC chair nominee signals more regulation for cryptocurrencies.

KEYPOINTS • Guidelines to be created for crypto currency • Bitcoin might be excepted S.E.C law • Crypto market is worth $1.45 trillion as Tuesday (3rd of March, 2021) • Tesla and MasterCard embraces crypto currency The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden’s nominee to lead the agency promised to provide “guidance and clarity” to the rapidly evolving market.

Moeing chain to provide the same benefits as ETH 2.0, an Eth Sidechain coming to Bitcoin Cash.

On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms. On February 23, however, crypto proponents were introduced to an alternative solution called Moeing chain. The Moeing chain project aims to provide the same benefits as Ethereum 2.0 scaling solutions but with help from the Bitcoin Cash network.

First Huawei car to be launched in April

In a few weeks, Huawei will release a car but it’s not what you think. This car will not be a Huawei-branded car. Huawei has repeatedly stated that it “does not build cars” but aims to “help car companies build good cars”. BAIC Blue Valley and Huawei will jointly launch the ARCFOX HBT, the first model ARCFOX αS HBT. According to the official release of BAIC Blue Valley, this product will arrive at the Shanghai Auto Show in April 2021. “HBT” means HUAWEI BLUEPARK TOGETHER.

Cryptocurrencies Must Be Regulated and Not Prohibited – Yemi Osinbajo Contradicts CBN.

In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns.