Day: January 21, 2022

Bulgaria’s finance minister says the country is exploring crypto payment options: Report

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Assen Vassilev, Bulgaria’s deputy prime minister for EU Funds and minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism. According to a Friday Bloomberg report, Vassilev said the government was in discussion with the Bulgarian National Bank as well as industry players to explore crypto payments “in the short to medium term.” However, he added that Bulgaria was unlikely to become a major hub for crypto miners — many are reportedly considering leaving Kazakhstan amid political turmoil and disruptions to the…

Bulgaria’s finance minister says country is exploring crypto payment options: report

Assen Vassilev, Bulgaria’s Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism. According to a Friday Bloomberg report, Vassilev said the government was in discussion with the Bulgarian National Bank as well as industry players to explore crypto payments “in the short to medium term.” However, he added that Bulgaria was unlikely to become a major hub for crypto miners — many are reportedly considering leaving Kazakhstan amid political turmoil and disruptions to the…

Crypto Market Cap Falls Below $2T Amid Selloff

Cryptocurrencies are getting rekt. Crypto bluechips bitcoin and ether breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader altcoin market into freefall. According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. trading hours, down from an all-time high of $3.1 trillion last November. Most major cryptocurrencies suffered double-digit losses, as the recent slew of corrections increasingly signal bear market territory. With the Nasdaq composite down 5% in the past week, the…

Why we need to be having this conversation

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“Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws.” — Plato The above quote has withstood the test of time. Across industries, markets, communities and ideas, people ultimately will find a way to either do good or at worse, wrong. Nonfungible tokens (NFTs) and crypto are certainly no exception to the rule. The industry is exploding — overflowing even — with endless drops, jaw-dropping floor prices and adoption across ever-expanding corners of culture. NFTs are moving forward…

Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby

Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend. Intraday oversold signals were not enough to sustain bids, which means longer term indicators are more reliable to determine bitcoin’s price direction. BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours. The slowdown in upside momentum on monthly and weekly charts has been a persistent theme since December. As the long-term uptrend weakens, sellers typically outweigh buyers despite occasional oversold signals. Further, when drawdowns (percent…

Chainlink (LINK) Competitor Rallies After Earning Support From Top Crypto Exchange Binance

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An altcoin powering a protocol to improve traditional application programming interface (API) technology for the Web 3.0 economy is buzzing after a sudden listing by top crypto exchange Binance. In a new blog post, Binance says that the Ethereum token API3 (API3) will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs. The native token governs the API3 decentralized autonomous organization (DAO) and can also be added to the protocol’s insurance staking pool to earn rewards. API3 is a decentralized oracle network competing with Chainlink…

A key Ethereum price metric hits a 6-month low as ETH falls below $3K

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Ether (ETH) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve’s December Federal Open Market Committee meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with that looming overhead, Ethereum has problems of its own — more specifically, the ongoing $40 and higher average transaction fees. On Jan. 3, Vitalik Buterin said that Ethereum needs to be more lightweight in terms of blockchain data so that more people can manage and use it. The concerning part…

Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

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Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high. Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently. The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market. The metric works by looking…

19/01/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 19/01/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -.Crypto Markets Lose $100 Billion Daily as Bitcoin Dips Below $42K. -Shiba Inu Now Held by Over 1.145 Million Users: New All-Time High.…