Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following...Read More
The government of Ukraine announced it will airdrop cryptocurrencies donated to the nation’s official wallet. Companies, non-governmental organizations, and individuals have already contributed over $30 million worth of digital assets to the country amid its ongoing war with Russia. Ukraine Has a Date for its Crypto Airdrop A few days after the launch of Russia’s...Read More
European Union lawmakers have removed a controversial paragraph that would have made all proof-of-work (PoW) based cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) illegal. Proposed Ban on PoW-Based Coins Deleted The Markets in Crypto-Assets (MiCA) framework, headed by Economic and Monetary Affairs (ECON) rapporteur – Stefan Berger – was originally scheduled for February 28....Read More
Bitcoin price briefly spiked up close to $45,000, maybe due to a huge trend reversal in a very short time. The crypto space recovered significantly since the beginning of March 2022 and turned most of the assets green. While bulls currently appear to hold the crucial support levels at $40,000, bears appear to wait for...Read More
The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons...Read More
Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine....Read More
The geopolitical turbulence in Ukraine and Russia has maintained a cautious mood amidst challenges that could result in current instability on Monday. The Crypto Fear & Greed Index hit a new low this week, remaining in the 26/100 “worry” zone. Advertisement BTC Price Action As the price of Bitcoin went beyond $40,000, the fear of...Read More
The White House, alongside the European Commission, Canada, the United Kingdom, Germany, and Italy, announced in the late hours of Saturday evening that they would be expelling certain Russian banks from the SWIFT payment system. In a joint statement, the parties wrote that: “This will ensure that these banks are disconnected from the international financial...Read More
Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47% year over year. In addition, the company’s sellers have adopted more of Square’s ecosystem over time, the firm added. Exceeding Results The American financial services and digital payments company...Read More
Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks...Read More
Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of BTC. Not Just Daydreaming Apart from becoming the first county to embrace bitcoin as legal tender, El Salvador has also purchased the primary cryptocurrency on a...Read More
Despite the recent turbulence in the cryptocurrency market, Pantera Capital envisioned a surge in bitcoin’s price in the following weeks. According to the investment firm, ‘Tax Day’ could be one of the propellers. Moreover, the cryptocurrency industry might soon separate from traditional financial markets and start trading independently, the company added. Light in The Tunnel...Read More
The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze...Read More
Bitcoin and Ethereum underwent a decent rebound since the early trading hours. And showcase the possibilities of going parabolic despite outpowering the fear of a plunge. Despite the current conditions being pretty uncertain, the upcoming days may witness steady growth. And as both are hovering just above these levels and aim to rebound finely after...Read More
According to Elliptic data, people have donated $400,000 worth of Bitcoin to the Ukrainian nongovernmental organization – Come Back Alive. The latter provides military equipment, medical supplies, and training services to the local army. In addition, today (February 25), a mysterious contributor donated 80 BTC to a charity organization supporting the Ukrainian army. Calculated at...Read More
Mexican senator for the State of Nuevo León, Indira Kempis, has stated that she wants to make the country second after El Salvador to adopt Bitcoin. However, the chances of this actually happening are slim at best. Speaking to local media this week, she noted that she aims to promote the use of Bitcoin in...Read More
Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long...Read More
The Q3 and Q4 of 2021 had extracted a huge amount of value from the entire cryptomarket. The market capitalization which was hovering close to $3 trillion has slashed by nearly 50% and is currently around $1.5 trillion. With the intensifying external pressure on the stock and the crypto markets, the prices are slashing to...Read More
Simon Leviev gained fame after the documentary The Tinder Swindler went viral on Netflix a few weeks ago. The media claims he made his fortune by taking advantage of women he met online, but in a recent interview, he claimed he got rich with a more straightforward method: investing in Bitcoin. In an interview for...Read More
Bitcoin’s price continued to fall after closing below $40,000. It even broke through and settled below the $39,200 support level. Advertisement The bulls appear to be attempting a major recovery wave above $38,000 right now. Near the $39,000 level, there is immediate resistance. Below the $2,800 barrier, Ether has also developed bearish momentum. It tested...Read More
The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in...Read More
Recently leaked documents showed that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laundering, and other serious crimes. This comes years after the bank bashed the cryptocurrency industry, claiming that bitcoin presents money laundering challenges. The Leaked Documents A...Read More
Huobi co-founder Du Jun does not believe there will be another crypto bull market until the end of 2024 or early 2025. Speaking to CNBC over the weekend, he said that judging by past market cycles, there may not be another one for around three years. He said that “we are now at the early...Read More
According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian...Read More
The crypto continues to bleed in red even today. Bitcoin has dipped below $40K down by 1.3% in the last 24 hours. ETH is down by 5.3% and all other tokens on the chart follow suit. However, XRP defies the market trend as it trades up by 5.3%. Advertisement Justin Bennett, a crypto analyst, is...Read More
Well-known cryptocurrency advocates worldwide have called out Canadian authorities for seizing millions in bitcoin and other digital currencies amid the ongoing protests against COVID-19 restrictions and vaccine policies. Court Signs Order to Seize Bitcoin and Monitor Crypto Wallet The Toronto Star reported that a court order had been issued to freeze bank accounts and digital...Read More
Grayscale – the world’s largest Bitcoin fund – has long had its attempts to become a spot-based Bitcoin ETF denied by the Securities and Exchange Commission (SEC). Investors are now speaking out against this, and have sent roughly 200 letters to the commission in support of the fund’s transition. Grayscale Investors Speak Out As reported...Read More
The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able...Read More
The crypto bleeds red again today as bulls fail to take control of the steering. BTC tardes down by 3.6% around $42K. ETH has slid below $3K trading at $2989. All the other tokens on the chart too follow the trend as they shed gains in a fast pace. Advertisement Bitcoin Price Action Bitcoin’s (BTC)...Read More
“We are not your colony, your back yard, or your front yard. Stay out of our internal affairs.” This is what El Salvador’s President Nayib Bukele tweeted after US Senators introduced new legislation that sought to investigate the Central American country’s Bitcoin Law. El Salvador President Reaction on US Interference Since El Salvador’s government passed...Read More
