› Analysis The crypto market boomed in 2021, stimulated by an influx of new retail investors and the real-world application of blockchain technology becoming increasingly apparent. Sponsored • Mar. 14, 2022 at 6:00 am UTC • 4 min read Cover art via Invictus Capital Go to Source
Monthly archives: March 2022
Today’s EU MiCA vote could ban exchanges from listing proof of work crypto assets
The latest draft of the controversial MiCA report still contains language that could stop crypto service providers from transacting in proof of work coins. As a result, a potential proof of work ban is now possible in Europe. Earlier this month, the MEP responsible for reporting on MiCA, Dr Stefan Berger, confirmed that the contentious …
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Artists and Activists Turn to NFT Sales to Support the Ukrainian People
NFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of the ongoing military conflict, people from all around the world send their donations to Ukraine via NFT sales, as artists and activists turn to them over older fundraising methods. Millions …
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Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point …
G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury Department is “closely monitoring any efforts to circumvent or violate Russia-related …
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Abra CEO Bullish on Ethereum, Predicts ETH Could Hit $40,000
Abra’s CEO has predicted that the price of ether could reach $40,000. He’s more bullish on Ethereum than Bitcoin. “The use cases are through the roof,” said the executive. Abra’s CEO Predicts Ethereum Price The CEO of crypto trading platform Abra, Bill Barhydt, shared his thoughts on why he is more bullish about Ethereum than …
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NFT Is The Future Of Digital Assets In Sports – PwC Report
The nonfungible (NFT) industry has exploded over the past year, but many experts still believe the NFT industry will rule other digital assets in the future. A new report Price Waterhouse Coopers (PwC) noted that NFTs and other digital assets are among the top ten major trends in sports. It also detailed that the NFT …
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Singapore Says Its New Tax Rules Also Apply To NFT Transactions
Singapore Finance Minister Lawrence Wong announced that the country’s income tax rule also extends to income from all forms of non-fungible token (NFT) transactions. It means that those trading in NFT or carrying out any related transactions are expected to pay tax. However, the income tax rule will be treaded based on the use and …
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Russian Cryptocurrency Volumes Across Several Exchanges Dip By 50%
Regardless of the growing economic sanctions against Russia, the volume of cryptocurrencies bought using Rubles across several major cryptocurrency exchanges plummets drastically. According to data from blockchain-data aggregators display, Russian collateralizing crypto trading across significant crypto exchanges is dropping badly. This debunks the idea that Russia will leverage crypto assets in maneuvering sanctions. Last week, …
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Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform
Rising blockchain company Ripple has announced the onboarding of around 4,000 singers, musicians, content creators, game designers, and other artists into its NFT platform with a Creator Fund worth more than $250 million. Launched in Sep. 2021, the blockchain producer is aiming to support artists and creative agencies like Mintable, MintNFT, VSA Partners, NFT PRO, …
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Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000
Despite its rollercoaster ride in the market, there are always people who remain steadfast in their belief in Bitcoin. One of them is a pillar of tech behemoth, Apple Inc. Steve Wozniak — the Apple co-founder — has stated that he expects the world’s top cryptocurrency to reach $100,000 in the near future. Wozniak discussed …
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Blockchain’s Maiden First-Person Shooter Game is Ready to Fire
The next time a skeptic questions the momentum of the blockchain gaming market, kindly inform them that the industry had attracted over 1.5 million users by the end of 2021, with daily trade volume from gaming dApps climbing as high as half a billion dollars. Then cackle with satisfaction. The breathless rush by gamers, developers …
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Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC
Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets. The current neutral setup …
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Here’s Where All the Money Is Quietly Flowing in the Crypto Space, According to Shark Tank Investor Kevin O’Leary
Shark Tank Investor Kevin O’Leary says that environmental concerns over crypto mining are sparking a flow of capital into a new section of the digital asset industry. In a new Q&A session on his YouTube channel, the celebrity investor says that some mining companies have begun buying carbon credits, but that this practice won’t be …
Bitcoin Price Prediction: BTC/USD Trades Below $40,000 Level
Bitcoin Price Prediction – March 13 The Bitcoin price prediction shows that BTC is currently down with 0.33% after staying below the moving averages. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $34,500, $32,500, $30,500 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals that BTC/USD …
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