A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals. Currently, the support level stands at $38,000, while the…
Read more
A senior Russian parliamentarian has claimed that the Central Bank is working with the People’s Bank of China on workarounds that may help the countries bypass the SWIFT banking network – including domestic alternatives, blockchain solutions, and digital fiats…. Read More: Russian, Chinese Central Banks ‘Working Together On SWIFT-Alternative Interoperability’ Read more »Pay, Trade,…
Read more
On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro…
Read more
Galaxy Digital CEO Mike Novogratz says bitcoin is a great alternative and a lifeline to people in countries with poor stewardship of the economy. He expects the price of the cryptocurrency to hit $500K. “We see an adoption cycle that accelerates … going viral everywhere,” he said. Bitcoin Is a ‘Great Alternative’ in Some Economies…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____… Read More: Elizabeth Warren Strikes Again, Ripple Promises XRP 1B in Grants + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies — instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur…
Read more
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.”…
Read more
“We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship,” said Jake Chervinsky. Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central bank digital currency,…
Read more
Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive has said…. Read…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: Ethereum Co-Founder Raises USD 450M & Bashes Solana, Another DeFi Hack + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
