The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank…
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Short sellers got liquidated to the tune of $150 million, but two metrics show pro traders did not flip bullish after the recent Bitcoin rally. Bitcoin (BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on…
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Bitcoin price extended increase above the USD 43,000 resistance zone and even climbed above USD 43,200, but there was no move above USD 43,500. It is currently (04:20 UTC) consolidating near USD 42,000. Similarly, most major altcoins are also correcting gains. ETH tested the USD 3,050 resistance before correcting lower. XRP is now consolidating…
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The Avalanche ecosystem stands to gain from three tremendous developments announced this week with Coinbase Cloud’s integration, BTC support, and UST trading. Web3 developer hub Coinbase Cloud has added a suite of tools to support development on the Avalanche blockchain and smart contract platform. As part of the new support features, Coinbase Cloud is running…
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The funding will also go towards a grant program for developers building extended reality-focused gaming, health, wellness, media, and entertainment experiences. Multinational software and microchip giant Qualcomm Incorporated has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI), and augmented reality (AR) tech companies. Extended reality, or XR, refers to…
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The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CEO on Cryptocurrency and Regulation DBS Bank Group CEO Piyush Gupta talked about cryptocurrency and its regulation at the recent Economic…
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ETC price appears to be getting a boost from its scheduled “fifthening” next month. Ethereum Classic (ETC) price climbed on March 22, ignoring a deadly “death cross” on the weekly chart, as traders raised their bets on its potential to become a haven for miners fleeing the rival Ethereum blockchain. ETC’s price jumped over 15.5%…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ____(Updated at 19:50 UTC with the announcement from FIFA.)… Read More: Florida’s Crypto Plan, Crypto.com Scores World Cup, Grayscale’s Ex-Ethereum Fund + More News Read more »Pay, Trade, Buy Bitcoin with…
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A new report from the crypto-focused financial services firm BitOoda has reiterated a reduced hashrate projection for the Bitcoin (BTC) network for 2022, despite hashrate growth so far this year being stronger than expected…. Read More: Analysts Keep Reduced Hashrate Estimate for Bitcoin Despite Growth Exceeding Model Read more »Pay, Trade, Buy Bitcoin with…
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While optimism strengthened in the crypto market on Tuesday, after bitcoin (BTC) tested USD 43,000, and bullish sentiment remained in ethereum (ETH), some analysts warn that “choppy short-term movements may still continue.” In either case, the recent bullish moves came despite comments from US Federal Reserve (Fed) Chairman Jerome Powell that were seen as…
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