Good day, ApolloXplorer!We&#39;ve selected today’s key headlines for you to stay up to date with the latest:<h3 id="strong-1-bitcoin-again-bounces-off-39-cloud-39-support-resistance-at-42-6k-strong">#1. Bitcoin Again Bounces Off &#39;Cloud&#39; Support, Resistance at $42.6K</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/67db31ae22924b6fadc3296c3c99ba3a.png" />Image Credit: CoinDeskBitcoin price dropped near critical price support levels early Monday, but bounced back to $39,000.A popular technical analysis study, the Ichimoku cloud, has consistently acted as a support in recent weeks.While Bitcoin has avoided a bearish scenario, for now, the cryptocurrency remains well below resistance at $42,600, defined by the past week&#39;s high.More here: <a href="https://www.coindesk.com/markets/2022/03/14/bitcoin-again-bounces-off-cloud-support-resistance-at-426k/" rel="noopener noreferrer nofollow">CoinDesk</a><h3 id="strong-2-el-salvador-s-millennial-president-launching-bitcoin-volcano-bond-in-major-bet-on-cryptocurrency-craze-strong">#2. El Salvador’s millennial president launching Bitcoin ‘volcano bond’ in major bet on cryptocurrency craze</h3>El Salvador will issue a $1B volcano bond backed by Bitcoin, which would be in part used to finance the creation of “Bitcoin City”. “Bitcoin City” would use geothermal energy (like from volcanoes) to mine Bitcoin, in hopes of making mining more sustainable.Half of the funds raised through the bond will be invested into Bitcoin. Any capital gains five years later will be split evenly between the country and bondholders as a form of special dividend.The bond will be issued by state-owned energy company LaGeo on the Liquid Network.See more: <a href="https://fortune.com/2022/03/14/el-salvador-president-bitcoin-city-volcano-bond-nayib-bukele/" rel="noopener noreferrer nofollow">Fortune</a><h3 id="strong-3-a-last-minute-attempt-in-europe-to-ban-bitcoin-fails-in-key-vote-strong">#3. A last-minute attempt in Europe to ban Bitcoin fails in key vote</h3>A legislative proposal that would crack down on crypto assets using proof-of-work distributed ledger technology failed to pass in a EU Parliament committee vote.“The carbon footprint of a single Bitcoin transaction equals a transatlantic return flight [from] London to New York. This is 1.5 million times the energy used up by a Visa transaction,” criticized Finnish parliamentarian Eero Heinäluoma.While the proposal failed to pass, the EU parliament passed a broader package of legislation regulating digital assets for the first time in Europe.See more: <a href="https://fortune.com/2022/03/14/attempt-ban-bitcoin-europe-fails-key-vote/" rel="noopener noreferrer nofollow">Fortune</a><h3 id="strong-4-crypto-exchange-ftx-wins-licence-plans-regional-hq-in-dubai-strong">#4. Crypto exchange FTX wins licence, plans regional HQ in Dubai</h3>FTX has received a virtual-asset license in Dubai and will set up a regional headquarters in the city.According to data from Chainaylsis, as of June 2021 the UAE is the third-largest crypto market in the region, trailing Turkey and Lebanon.The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” CEO Sam Bankman-Fried said in a statement.See more: <a href="https://www.bloomberg.com/news/articles/2022-03-14/crypto-exchange-ftx-wins-license-and-plans-regional-hq-in-dubai" rel="noopener noreferrer nofollow">Bloomberg</a><h3 id="strong-5-blockchain-play-and-earn-games-focus-on-building-even-as-nft-prices-fall-strong">#5. Blockchain play-and-earn games focus on building even as NFT prices fall</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8fdfe947084a452a9a951520e930bea0.png" />Image Credit: CointelegraphMonthly NFT volumes and sales are declining, but blockchain gaming projects are trudging ahead and resisting market downturn by focusing on developing.For example, play-to-earn (P2E) blockchain game Axie Infinity topped $4 billion in all-time NFT sales for the month of February. This marks it as the third largest NFT platform in terms of sales and the first NFT collection to do so.To further develop products, blockchain games are increasingly forging new strategic partnerships to obtain funding, new technological features and participate in Web3.See more: <a href="https://cointelegraph.com/news/blockchain-play-and-earn-games-focus-on-building-even-as-nft-prices-fall" rel="noopener noreferrer nofollow">Cointelegraph</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a>

Crypto News of the Day: Bitcoin EU ban fails, El Salvador issues Bitcoin volcano bond

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