Bitcoin (BTC) kept disappointing hodlers on April 7 as the Bitcoin 2022 conference got underway to a limp BTC price performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed prepares $95 billion monthly balance sheet shrink Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped below multiple support levels to reach its lowest …
Monthly archives: April 2022
Terra Adds Avalanche to its UST Reserve, Buys $100M in AVAX
Summary: The Luna Foundation has announced the addition of Avalanche to its UST reserves and bought $100 million in AVAX Avalanche becomes the second layer 1 digital asset to be added by Terra to its UST reserves Terra chose Avalanche over Ethereum due to its rapid growth and vast fan base Avalanche and Terra will …
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Cash App Now Allows the Conversion of Paychecks into Bitcoin
Summary: Cash App has launched a new service that allows its users to convert their paychecks into Bitcoin The new feature named ‘Paid in Bitcoin’ allows users to select what percentage of their direct deposits to be converted to BTC U.S. customers will be the first to test out the new feature, and only available …
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Russian Central Bank Says Crypto Cannot Help to Evade Sanctions as War with Ukraine Continues
The Central Bank of Russia has rejected a proposal to evade financial sanctions by leveraging digital assets and cryptocurrencies Officials said the move could be impossible as sovereignties like the US have readied stopgaps against such methods Russian legislators argue that the country needs crypto to cushion the impacts of the war with Ukraine According …
Tencent’s PayMaya launches crypto services in the Philippines
Philippines-based fintech company PayMaya launched a new feature that allows users to buy, trade, cash in, and spend cryptocurrencies using their accounts within the app for free. The new feature aims to provide a full-suite crypto experience for its users. It will work within the PayMaya app and will not require separate registration to crypto …
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OpenSea launches Solana NFT initial beta
After weeks of rumors and speculations, OpenSea — the world’s biggest NFT marketplace — finally gave users access to buy and sell Solana NFTs as part of an initial beta launched on April 7. The moment you’ve been waiting for… @Solana is officially on OpenSea – starting today, with our initial beta!https://t.co/VjhqeGHZxc — OpenSea (@opensea) …
US crypto regulations should be ‘tech neutral,’ says Janet Yellen
The U.S. Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University. According to a report published by Associated Press, this was Yellen’s first crypto-related speech since President Joe Biden signed an executive order …
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Cosmos records $150 million in transaction volume 5 years after its fundraiser
On April 6th, Cosmos celebrated the 5-year anniversary of its 2017 fundraiser, where $17 million was raised in less than thirty minutes to support the development of its ecosystem. Exactly five years after the fundraiser, Cosmos recorded over $150 million in IBC transactions in 24 hours, proving that slow and steady wins the race — …
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Miners utilizing Norway’s renewable energy to reduce Bitcoin’s carbon footprint
Bitcoin miners in Norway run their operations solely on renewable energy thanks to the country’s climate-conscious industry, according to a report by Arcane Research. Miners in the country also benefit from the colder climate, lenient regulation, and low tax rates for their operations. Most of all, the country provides some of the cheapest electricity in …
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Swedish central bank says it will be possible to integrate e-krona into banking systems
Sveriges Riksbank, Sweden’s central bank, said its second phase of testing CBDCs has proven that it would be possible to integrate a state-backed digital currency into the current banking system. The integration would enable the banks’ clients to exchange funds in their bank accounts into e-krona and vice-versa. The central bank began the second phase …
Grayscale: The SEC must get comfortable with spot Bitcoin ETF
Michael Sonnenshein, CEO of the largest bitcoin and crypto fund Grayscale, has argued that the SEC’s justifications of why it approved Bitcoin futures ETFs but not spot ETFs, don’t add up. The plot thickens on the path to $GBTC’s spot #Bitcoin #ETF conversion… — Sonnenshein (@Sonnenshein) April 7, 2022 The tweet was posted moments after …
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FTSE 100 Company, Entain, Deploys Syntropy to Improve Global Network Performance
press release PRESS RELEASE. PALO ALTO – April 7th, 2022 — Syntropy, a transformative Web3 connectivity company, announces its new customer – the sports betting and gaming giant, Entain. The FTSE 100 company is leveraging Syntropy’s global relay network with its decentralized autonomous routing protocol (DARP) to connect the company’s data centers across the globe. …
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Could the Government Confiscate Gold Again? A Look at Today’s ‘Emergencies’ and Revisiting Executive Order 6102
This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward disaster and the U.S. dollar’s strength is being examined, many have …
How the Crypto Community Supports the People of Ukraine – Head of Binance Charity Helen Hai Explains
In response to the military crisis in Ukraine, Binance Charity has committed $10 million to major Intergovernmental Organizations and local NGOs, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in Need. They also launched a crypto-first crowdfunding site, Ukraine Emergency Relief Fund to allow people to donate crypto to help provide emergency relief …
Bitcoin, Ethereum Technical Analysis: ETH, BTC Both Near 2-Week Lows Following Recent Declines
BTC and ETH were once again lower during today’s trading session, as both were trading close to two-week lows. Bitcoin dropped below $43,000 for the first time since March 24, while ETH hit a bottom near $3,100 on Thursday. Bitcoin Bitcoin continued trading lower on Thursday, as the world’s largest cryptocurrency fell below $43,000 for …