Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets. While Bitcoin reached its lowest level in 30 days, Asian stocks were also adjusting …
Continue reading “Bitcoin traders say $34K was the bottom, but data says it’s too early to tell”
Russia’s military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling. The U.S. government has since responded to Russia’s invasion with stringent economic sanctions that have helped crypto prices rebound from their initial price collapse. Amid all the doom …
Continue reading “Crypto community reacts to Russia’s war in Ukraine”
Kimbal Musk, the younger brother of Tesla CEO and billionaire Elon Musk, says he regrets the electric vehicle company’s decision to buy $1.5 billion worth of Bitcoin (BTC) a year ago. While speaking at the ETHDenver conference, the longtime Tesla board member says they were thinking about BTC as a store of value and were …
A top crypto strategist is predicting that Bitcoin (BTC) and Ethereum (ETH) will continue to drop amid uncertainties in the global markets. Pseudonymous analyst Capo warns his 244,900 Twitter followers about buying the dip too early, saying that the two largest crypto assets by market cap may still shed up to half of their current …
The U.S. equity markets and Bitcoin (BTC) have rebounded sharply from their Feb. 24 lows while gold has made a retreat from its recent highs. This indicates that investors may be buying risky assets and reducing exposure to assets perceived as a safe haven. Recent reports also suggest that Russian President Vladimir Putin may send a delegation …
Continue reading “Price analysis 2/25: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT”
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. In the aftermath of concerning political situations this week, the markets reacted strongly to the downside, but some assets attempted a recovery to end the week positively. 1Password collaborates with Phantom Wallet on API service Digital security platform 1Password announced a joint partnership with Phantom …
Roger Bartlett, a Goldman Sachs veteran who has held various positions at the firm since 2005, announced he would be moving to Coinbase. In a Friday announcement on LinkedIn, Bartlett said he would be running global financial operations at Coinbase after 16 years at the investment banking giant. The now-former global co-head of operations for …
Continue reading “Goldman Sachs exec joins Coinbase: ‘It’s time to embrace the cryptoeconomy’”
A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback. Descending channel risks LUNA decline LUNA has been trending lower inside a falling channel—made up of two parallel descending trendlines—since December 2021. In doing so, the Terra token typically tests the lower …
Continue reading “Terra LUNA price nears key level after rallying 45% this week”
BTC Price Faces Rejection at $39.7K as Bitcoin Risks Decline below $39K- February 25, 2022 Today, the bulls are attempting to break the crucial resistance at $39,000 as Bitcoin risks decline below $39K. BTC/USD will face an uphill task to resume upside momentum as the market reaches an overbought region. Bitcoin will retrace to $35,000 …
NFT means Non-Fungible Token; it is a collision between online gaming and cryptocurrency. An NFT is a secure, unique digital collectible. It ensures assets acquired belong to the player, including characters and weapons. NFT gaming is a play-to-earn model that uses Web 3.0’s decentralisation. Web3 applications do not store data in a single database. Instead, …
Continue reading “How Online Casinos can Benefit from NFT Gaming”
Some days make it difficult to find joy, even as crypto markets are rallying. Nevertheless, the losses made since the outbreak of the tragic war between Russia and Ukraine have largely recovered and markets are generally in the green on the daily. As many times before, bitcoin leads the way by the share weight of …
Continue reading “LUNA rallies, Bitcoin jumps above $39k as war in Ukraine continues”
Community-owned and operated Arweave is archiving millions of documents from Ukraine–generating immutable historical records of what is currently happening in the invaded country. Arweave stores its data in sets of blocks that are linking to multiple previous blocks from the network–forming a structure called a “blockweave.” With over 900 nodes in operation, the decentralized data …
The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a report published by City A.M. on February 24, BNY Mellon’s upcoming custody platform will be aimed at institutional clients, enabling big …
Continue reading “America’s oldest bank to launch institutional crypto custody service”
A non-governmental organization supporting the Ukrainian army has reportedly received around $4 million worth of Bitcoin donations. Bitcoin donations flow to Ukraine According to available information, the donations were made by over 350 individuals, who donated between $1000 to $2000 to the group’s cause. Elliptic revealed that the group had previously been receiving Bitcoin donations …
Continue reading “Ukraine NGO receives over $4 million in Bitcoin donations”
Brazil could become the latest country to legally recognize cryptocurrencies, with a new bill heading to the Senate for approval. The Economic Affairs Commission (CAE) of the Senate approved the project that regulates the rules for the cryptocurrency market in Brazil. The proposal was approved after negotiations with representatives of the Central Bank (BC) and …
Continue reading “Senate Approves Bill seeking to legalize cryptocurrencies in Brazil”
