Ethereum exchange rate rose by 16% over the week and exceeded $3 thousand, and the Russian Interior Ministry opened the first criminal case on embezzlement of crypto exchange property – these and other important news of the cryptocurrency market in our review.

On March 22, ETH/USD rate exceeded $3 thousand, over the past day the altcoin rose in price by 3%, for the week – by 16%. The asset has updated the maximum since February 17, and its market capitalization has again exceeded $361 billion, according to trading data.

Ethereum rose in price following Bitcoin, whose rate updated the maximum since March 3, reaching the mark of $43.3 thousand, and then fell again. As of 9:45 MSC the first cryptocurrency was trading at $42 thousand, over the past day it rose by 3%.

Investigators of the Ministry of Internal Affairs are investigating Russia’s first criminal case of embezzlement of money and property of crypto exchanges, according to the press center of the Ministry of Internal Affairs. One of the actual owners of the trading platform, who controlled the movements of large sums of money in cryptocurrency and transferred them to electronic wallets, withdrew some of the funds and embezzled them.

Malaysia’s Deputy Minister of Communications and Multimedia Zahili Zainul Abidin urged the government to recognize bitcoin and other cryptocurrencies as legal tender. The official expressed hope that the proposal will be approved by the government, writes Bloomberg. The issue of recognizing bitcoin as a means of payment is not in the competence of the Ministry of Communications. The Central Bank of the country, the Ministry of Finance and the Securities Commission should deal with this topic. At the moment, the agencies are not ready to legalize cryptocurrency.

Online broker Robinhood reported the replacement of debit cards with new Cash Cards with the possibility of receiving cashback in digital assets. About it writes The Verge. There are no fees or interest on Cash Card. When buying goods and services, spending is rounded up to each subsequent dollar.