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Day: January 21, 2022
Ethereum Nosedives, Indicators Show Signs of Larger Downtrend
Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term. Ethereum extended decline below the $3,050 and $3,000 support levels. The price is trading below $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a clear move below the $2,800 support zone. Ethereum Price…
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining โ Regulation Bitcoin News
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizensโ wellbeing among the main reasons for the proposed restrictions. Russiaโs Central Bank Seeks Public Opinion on Restrictive Crypto Policy The monetary authority of Russia is advocating a ban on an array of crypto activities in a report titled โCryptocurrencies: Trends, Risks, Measures.โ The document was published…
Crypto News Today | Narendra Modi on Crypto | GARI token Debut | Today and Tomorrow Crypto Events
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Crypto News Today | Narendra Modi on Crypto | GARI token Debut | Today and Tomorrow Crypto Events Join My Telegram:- Join My Twitter:- Join My Instagram:- News1: News2: News3: News4: News5: News6: #Crypto #NarendraModi #CryptoNewsToday …………………………………………………………………………………………………………………………………… โ ๏ธโ ๏ธโ ๏ธDISCLAIMERโ ๏ธโ ๏ธโ ๏ธ We are not a financial advisor. The content in these videos is your responsibility to verify yourself. This is a YouTube video for educational purposes only. If any stocks or companies are mentioned, Crypto News Today may have an ownership interest in them —…
SundaeSwap launches on Cardano but users report failing transactions
Cardanoโs first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions. Is it just a case of expected teething troubles under an influx of excited users or is there more to it? SundaeSwap is a decentralized exchange (DEX) and token staking platform. Itโs mainnet launch today marks a milestone in the Cardano (ADA) ecosystem by being the first DApp of to utilize its smart contracts. The ADA price climbed 50% over the past week leading up to the…
Guangzhou will advance digital yuan, blockchain pilots in 2022
Guangdong Provinceโs 2022 Government Report says its capital city Guangzhou will become a digital yuan testbed and a blockchain innovation application pilot center in 2022.ย Fast facts Guangzhou applied to become a new digital yuan pilot city in September 2021.ย Currently, the only digital yuan pilot city in GBA is Shenzhen. Chinaโs e-CNY, or digital yuan, is touted as the most advanced central bank digital currency (CBDC) issued by a major world economy. Last November, a project called โdigital yuan payment and settlement…
Bitcoin Dips Below $40,000 During Broader Asia Market Sell-Off
Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) Original
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Bitcoin Mining Difficulty Sets New All-Time High
Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to mine a block roughly stable at 10 minutes. The higher the hashrate, the higher the difficulty, and vice versa. On May 13, 2021, bitcoin’s mining difficulty hit a record 25.04 trillion, as primarily Chinese and…
Wait, what? Former Bitcoin bull Raoul Pal only owns one Bitcoin?
Former Goldman Sachs hedge fund manager and cryptocurrency bull Raoul Pal claimed in a tweet that he now only owns a single Bitcoin. As the claim was made in the heat of a Twitter fight with self-proclaimed โBitcoin Strategistโ Greg Foss itโs not entirely clear whether itโs an exaggeration or an accurate statement about his holdings. Pal is the founder and CEO of Real Vision and Global Macro while Foss is an executive director at Validus Power Corp. The revelation of his apparently small holding certainly caused uproar and angst…