A couple of closely followed crypto strategists are mapping out what’s ahead for Bitcoin after BTC’s strong move from $35,000 to $40,000 in just 48 hours. Pseudonymous crypto analyst Credible tells his 311,800 Twitter that an “aggressive short squeeze” was the catalyst behind Bitcoin’s heavy bounce in the last two days. “Got an aggressive short …
Monthly archives: February 2022
Terra’s Mirror Protocol MIR rebounds 40% two days after crashing to record low
Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff …
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EU Commission to remove Russian banks from SWIFT cross-border network
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and the United States highlighted …
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Why decentralization isn’t the ultimate goal of Web3
The transition from Web2 to Web3 is inevitable. Yet, as the demand for decentralization gains momentum, several important questions are being raised about the current state of blockchain technology and its promised “decentralization.” Vitalik Buterin responded with a confession that “a lot of it comes down to limited technical resources and funding. It’s easier to …
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Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war
Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the …
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Bitcoin (BTC) Price Prediction: BTC/USD Unable to Break Recent High as Bitcoin Consolidates above $38K
BTC Price Fluctuates in a Range as Bitcoin Consolidates above $38K –February 27, 2022 Bitcoin bulls fail to keep the BTC price above the $39,000 high as Bitcoin consolidates above $38K. Since February 24, BTC’s price has been fluctuating between $38,400 and $40,330 price levels. A strong bounce will enable buyers to clear the resistance …
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced …
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US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable
U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from …
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions
Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing …
Help For Ukraine
The Ukrainian crypto community is reaching out to its international friends and colleagues. Ukraine is actively fighting for its freedom and independence with the Russian Federation! The Ukrainian crypto community is helping the army and activists fighting on the streets of Ukrainian cities. We know that victory and justice are on our side. We’re doing everything …
TribeOne Is Hosting Crypto’s Biggest NFT Giveaway – Win your very own MAYC!
TribeOne, the world’s first AI-powered DeFi and NFT-funding platform, is hosting a special event ‘The Biggest NFT Giveaway’ where they will giveaway an NFT from the immensely popular Mutant Ape Yacht Club Collection. Users can participate in the giveaway by placing loan requests for an NFT of their choice on TribeOne’s dApp. What is TribeOne? …
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Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks
Cryptocurrency prices climbed late Friday after Russia agreed to talk to Ukrainian officials regarding the Russian invasion of Ukraine. According to Ukrainian presidential advisor Mykhailo Podolyak, who spoke to Reuters on Friday, Ukraine wants peace and is willing to engage with Russia about its neutral stance with regard to NATO. Russian Foreign Minister Sergei Lavrov …
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Apple will no longer support sanctioned Russian banks on App Store
Russian financial institutions have been suffering heavily from the sanctions imposed by the West. Apple has joined the list of global institutions severing ties with the Russian market. Apple Pay will no longer be available to Russian banks due to the sanctions imposed by the United States and other western countries. Apple joins in on …
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Founder of BitConnect indicted for several offences
BitConnect is yet to shed off its bad history despite closing in 2018. The US Department of Justice has indicted one of the founders of the cryptocurrency project for running a Ponzi scheme that involved cryptocurrencies. BitConnect founder indicted An official press release from the Department of Justice said that one of the co-founders of …
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Coinbase criticized over $250,000 bounty paid to white hat
Coinbase just paid out its largest bug bounty ever to a white hat hacker. However, the amount paid has created debate across the cryptocurrency community, with some saying that it was too low, given the damage that this bug would have caused. Bug on Coinbase The white-hat hacker identified as Tree of Alpha on Twitter …
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