Tesla and SpaceX founder Elon Musk has reiterated his commitment to holding his stack of bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE) when preaching to his more than 77m Twitter followers about ways to hedge against inflation…. Read More: Elon Musk Won’t Sell Bitcoin, Ethereum, Dogecoins as Inflation Soars and Recession Risk Grows Read…
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Musk acknowledged that predominantly scarce assets such as physical property and company stocks help investors maintain their purchasing power against high inflations. As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially…
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The sharp pullback in BTC and large-cap altcoins indicates that bears have yet to capitulate and that traders continue to sell the top of each breakout. Bitcoin (BTC) has been volatile in the past few days but the long-term investors seem to be using the current weakness to buy. According to Whale Alert and CryptoQuant,…
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Traders continue to sell the top of each rally, resulting in a sharp pullback in Bitcoin price and several major altcoins. The equity markets in Europe and the United States are seeing a sea of red as traders continue to sell risky assets due to the geopolitical situation. Bitcoin (BTC) and several major cryptocurrencies are…
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In a robust sign of support to Ukraine amid the country’s invasion by Russia, the global crypto industry has donated in excess of USD 63.25m as of today, with donations made in bitcoin (BTC), ethereum (ETH), and a number of other cryptos. Data from blockchain ecosystem security firm SlowMist indicates the largest share of…
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The foundation took action to prevent “attempts by people completely unaffiliated with Dogecoin to register” the names for reasons of fraud and extortion, according to board member Jens Wiechers. The Dogecoin Foundation announced on Twitter on Wednesday that it had registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union. The certificate…
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Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking government official has indicated. Ukraine Accepts, Spends Millions in Crypto, Deputy Minister Reveals Since the Russian…
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The Ukrainian government and non-profit organizations providing support to Ukrainians and the military have cumulatively raised nearly USD 53.5m worth of crypto assets, according to SlowMist AML, a blockchain security firm that tracks crypto donations sent to the government and four Ukrainian NGOs. According to SlowMist, crypto addresses shared by Ukraine’s official Twitter account…
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Bitcoin appears to be losing momentum and altcoins are stalling, but the fact that bulls are holding key support levels could signal that the rally will continue after a brief pause. The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from…
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