The world woke up to a “sea of red” which was not necessarily limited to the financial markets, as Russia declared war on Ukraine early Thursday. The traditional financial markets along with the crypto markets were sliding bearish for the past week and saw a rapid decline early on Thursday. Apart from the crude oil
Month: February 2022
In the event of harsh Western sanctions as Russian forces invade Ukraine, retail customers could be at risk to lose their savings. Russians’ savings could be confiscated in response to sanctions against the country, according to Nikolai Arefiev, a member of the country’s Communist Party and vice-chairman of the Duma’s committee on economic policy. The
Just as it started to look like the crypto market was staging a comeback and bracing for a new bull run, geopolitical tensions stepped in to drive the price of Bitcoin (BTC) below $40,000 again, with most altcoins seeing deep red as well. Such periods of market uncertainty, however, are not unprecedented, and digital assets’
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use
In December 2020, the US Securities and Exchange Commission filed a lawsuit against Ripple and its chief executives, Brad Garlinghouse and Chris Larsen. According to the SEC, Ripple traded $1.3 billion in their cryptocurrency XRP as a security without notifying the commission. Ripple and other parties have now rebutted the watchdog’s judgment with claims of
Last updated:February 24, 2022 Police in Greater Manchester have helped to return more than £4m to the victims of an international crypto scam after specialist officers were sent to track down two suspects. Several people, duped into thinking they were making investments, lost money after following advice from a company that disappeared with their cash.
StarkNet, the Layer-2 scaling solution established by StarkWare, announced that the first few decentralized apps (DApps) built on the platform have been deployed since it launched on the Ethereum Mainnet in November. StarkWare shared the nine projects listed by zkRollups, a digital directory for the zero-knowledge ecosystem, in a Twitter thread. The list ranges from decentralized
There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into existence since the start of the Covid pandemic have driven new all-time highs, but analysts are now increasingly sounding the alarm over warning
The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms. According to a Tuesday Bloomberg report, a group of European Union member nations led by Germany and including The Netherlands, Spain, Austria, Italy and Luxembourg plan to include crypto firms under the
U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emergencies are very, very dangerous.” Commenting on Canada’s Emergencies Act invoked by the Trudeau government, the senator warned, “We have the same sort of statutes here.” Senator Rand Paul Warns of Emergency Act in the US U.S. Senator Rand Paul
Bitcoin (BTC) checked its latest advance on Feb. 23’s Wall Street open as Russia repercussions continued to play out. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks sour crypto recovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling back towards the $38,000 mark during Feb. 23, having earlier reached $39,200 highs. Pressure from the
Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.” The bearish
In 2021, the Brazilian cryptocurrency market gained more investors, reached the Brazilian stock exchange and “punctured the bubble” of the mainstream, becoming an important part of the investment portfolio of ordinary Brazilians. In addition to strengthening the crypto community in Brazil, the initiatives of Brazilian blockchain companies have taken cryptocurrencies to the most varied segments
A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Feb. 17, 2022, joining the select list of 32 firms that have received FCA approval as a Registered Crypto
Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products. Penned by CoinShares, an institutional crypto fund manager, the report highlighted that Avalanche-based investment vehicles attracted about $25 million in the week ending Feb. 21, the second-biggest inflow recorded in the
Ethereum’s native token Ether (ETH) could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ethereum price technicals: bullish signs Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising right-angle triangle
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