Day: February 9, 2022

BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE

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Bitcoin (BTC) has recovered close to $44,000, indicating that the downtrend could be coming to an end. However, the price may not rally to the all-time high in a straight line. This means bulls are likely to face several hurdles in-between and the price action may remain volatile. JPMorgan analysts said in a recent investor note that Bitcoin’s boom and bust cycles are hindering further institutional adoption. The analysts estimate that with volatility four times that of gold, Bitcoin’s fair value is about $38,000. If the volatility reduces to three…

Russia is Embracing Crypto Because of Tax Revenue Potential – Blockchain News, Opinion, TV and Jobs

by Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Russia’s government as well as the country’s central bank have reached an agreement to draft legislation by February 18th which recognises crypto as a form of currency. This is in contrast to the central bank’s proposal last month, suggesting that miners and other crypto businesses should be banned due to the threat to the country’s financial system. A draft document said that crypto’s use as legal money will only be possible following proper identity checks via the…

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BlackRock Planning to Offer Crypto Trading, Sources Say

One of the people said BlackRock will allow its clients – which include public pension schemes, endowments and sovereign wealth funds – to trade cryptocurrency through Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”), the asset manager’s integrated investment management platform. The timetable for unveiling the service is unclear. Source

Flow Moves Higher, as SHIB Climbs 12% – Market Updates Bitcoin News

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Following a 12% decline yesterday, shiba inu (SHIB) rose by that same percentage today, as bulls once again boarded the rocket ship. This comes as prices of FLOW were also higher during the session. Biggest gainers Price movement in SHIB continues to be volatile, with the meme coin rising by as much as 60% in the last week. However, it was FLOW that secured the title bull of the day, as it rose by as much as 20% in today’s session. FLOW/USD, which was trading at a low of $7.01…

Coinbase forms a second PAC to support crypto-friendly candidates

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Crypto exchange Coinbase has filed for a political action committee reportedly to support “crypto-forward lawmakers” ahead of the 2022 midterm elections in the United States. According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress. Political action committees, or PACs, are organizations often aimed at raising funds to elect candidates supporting similar…

Why Bitcoin Hasn’t Bottomed Out Yet, This Signal Will Tell When It Has

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Bitcoin continues its uptrend leaving bears in disbelief. The first crypto by market cap got back in the green after a short squeeze brought it back from the underworld in the low $30,000s. Related Reading | TA: Why Bitcoin is At Risk of Drop Below $42,500 In Short-term As of press time, Bitcoin trades at $44,375 with a 2.2% and 14.3% profit in the last 24 hours and 7 days, respectively. BTC with bullish momentum on the daily chart. Source: BTCUSD Tradingview BTC’s price recent strength has made a large…

Romanian Cryptocurrency Platform Tradesilvania.com Appoints Mihaela Drăgoiu, Former Head of Supervision and Control Directorate of FIU Romania (ONPCSB) As the New Risk and Regulatory Affairs Director

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February 9, 2022 – Cluj-Napoca, Romania Tradesilvania, the premium platform for cryptocurrency and digital asset investments, has announced the expansion of the company’s compliance and management team by appointing Mihaela Anamaria Drăgoiu as the new risk and regulatory affairs director. Mihaela Anamaria Drăgoiu is the former head of the prevention, supervision and control directorate of FIU Romania (ONPCSB), with over 20 years of experience in the institution. She has been involved in developing the legal framework (primary and secondary legislation) in the field, including the act 129/2019 – which after the…

CoinMarketCap removes allegedly fake SHIB wormhole addresses

Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu (SHIB) addresses on the Binance Smart Chain (BNB), Solana (SOL), and Terra (LUNA) blockchains. Only the ERC-20 (ETH) SHIB token is visible on the site at the time of publication. A massive firestorm brewed on Twitter about three weeks prior after Shiba Inu developers alleged that “CoinMarketCap has knowingly listed three fake contract addresses for SHIB. Do not interact with these addresses as your funds will be irreversibly lost.” Report: CoinMarketCap removes wormhole addresses from the…