Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies. This …
Monthly archives: February 2022
Bitcoin as a State Currency | El Salvador’s Daring Plans with Cryptocurrency
El Salvador was the first country in the world to introduce the digital currency Bitcoin as legal tender. Since last September, Salvadorans have been able to make transfers, use software like a Binance trading bot, and transact via the Bitcoin app. However, President Nayib Bukele is also concerned about foreign Bitcoin investors. Mid-November in San …
Continue reading “Bitcoin as a State Currency | El Salvador’s Daring Plans with Cryptocurrency”
Ukraine’s Vice PM requests all crypto exchanges block addresses of Russian users
SUMMARY: Ukraine Vice prime minister demands that all crypto exchanges block addresses of Russian users. The Russian -Ukraine conflict deepens as the the Russian troops are targeting the capital city of Ukraine. The crypto exchanges block request has been controversial between crypto users Ukraine Vice Prime minister request all crypto exchanges block Russian users Ukraine’s …
Continue reading “Ukraine’s Vice PM requests all crypto exchanges block addresses of Russian users”
Russia SWIFT sanctions “picked carefully” to avoid German energy crisis
As many have anticipated, and some feared, Western governments will be using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) payment system to tighten sanctions on Russia after President Putin’s military attack on the neighboring country of Ukraine. Western leaders agreed Saturday to impose more financial sanctions on Russia, including removing “selected Russian banks” from …
Continue reading “Russia SWIFT sanctions “picked carefully” to avoid German energy crisis”
Solidly TVL rises to over $2 billion in 24 hours
Solidly’s total value locked (TVL) is now $2.24 billion. This comes less than two weeks after its launch. The Fantom-based automated market maker, similar to Uniswap, has emerged as one of the fastest-growing DeFi projects. Launched on February 15, the project backs the decentralized exchange, Solidex. While there are many DeFi projects presently, this one …
Continue reading “Solidly TVL rises to over $2 billion in 24 hours”
Hack VC Launches $200 Million Crypto Seed Fund
Hack VC, a crypto investment firm, has launched a new $200 million crypto-based seed fund. The venture capital company, which is behind the hack.summit() event, one of the biggest blockchain programming events in the world, aims to invest in early stage Web3-based teams. The idea behind this fund is to accompany these teams each step …
Continue reading “Hack VC Launches $200 Million Crypto Seed Fund”
Drilling at West Africa Abujar Gold Deposit Garners Over 503 Grams Per Tonne
Ivory Coast or Côte d’Ivoire’s Tietto Minerals recently said it had drilled and extracted as much as 503.85 grams per tonne from 83 metres at its Abujar Gludehi deposit. The drilling result moves the miner another step towards production on what may become West Africa’s biggest new gold mines, a report has suggested. The Abujar …
Continue reading “Drilling at West Africa Abujar Gold Deposit Garners Over 503 Grams Per Tonne”
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT
Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid warnings that Russia may employ digital coins to circumvent sanctions. The initiative comes as western allies agree to expel some Russian banks from SWIFT, the global interbank payments system. Government of Ukraine Seeks Info on Crypto Assets of Russian and Belarusian …
Polygon (MATIC) and Two Ethereum Rivals Primed for Heavy Bounces, According to Analyst Michaël van de Poppe
Popular crypto analyst Michaël van de Poppe is predicting strong rallies for Polygon (MATIC) and Ethereum competitors Polkadot (DOT) and Fantom (FTM). Van de Poppe tells his 573,800 Twitter followers that Ethereum-scaling solution Polygon is due for a bounce after successfully finding support at $1.20. “Looks like we’ll be testing some higher levels as long …
Bitcoin network’s carbon emission jumped 17% after China ban: Report
Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BTC’s carbon footprint. A new research report titled “Revisiting Bitcoin’s carbon footprint” published in the peer-reviewed scientific journal Joules has highlighted that the …
Continue reading “Bitcoin network’s carbon emission jumped 17% after China ban: Report”
USDT records new all-time high against Russian ruble as inflation hits
U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system. Data from Cointelegraph Markets Pro and crypto exchange Binance show that the ruble (RUB) is undergoing inflation as the USDT/RUB trading …
Continue reading “USDT records new all-time high against Russian ruble as inflation hits”
War puts BTC price to the test — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face? In what has become an unrecognizable macro-environment compared to even days ago, Bitcoin, like many other assets, is feeling the pressure. Russia’s invasion of and subsequent war against Ukraine is wreaking havoc …
Continue reading “War puts BTC price to the test — 5 things to watch in Bitcoin this week”
South Korea to invest $187M in national Metaverse project
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country. The Ministry wrote in an official statement on Feb. 27 that funds will be spent on completing four main objectives in …
Continue reading “South Korea to invest $187M in national Metaverse project”
Non-zero BTC addresses hit all-time high of 40 million
On-chain statistics through February have suggested positive sentiment for Bitcoin as addresses with a non-zero balance of BTC reached an all-time high. Additionally, those wallets with a positive BTC balance are increasingly hodling their coins. The amount of BTC circulating supply last moved between three and five years ago reached a four-year high of just …
Continue reading “Non-zero BTC addresses hit all-time high of 40 million”
A Breathtaking Hunting Metaverse: MetaShooter Launch on KICK․IO Starting February 28
press release PRESS RELEASE. NFTs have taken the crypto community by storm. As market participants realized the number of applications for ‘Non-fungible tokens’ (used to certify the authenticity of digital assets), many immediately saw $$$ signs. Nevertheless, although the talk about NFTs often only revolves around certifying artwork, there is another field that has natural …