Thursday’s 6.6% drop for the largest cryptocurrency was bitcoin’s steepest since Jan. 21. Original
Bitcoin Suffers Biggest Drop in Four Weeks, Nearing $40K
Day: February 17, 2022
Cryptocurrencies Decline as Traders Position for Volatility
“I don’t want to go long crypto until you see bitcoin down to the lower $30,000 handle,” he added. However, if countries impose sanctions on Russia, cryptos would experience near-term volatility, but could eventually attract greater inflows, according to Kaufman. Source
ETHDenver Day 2: NFTs, Gaming the Future and COVID Fantasists
CryptoX – Cryptocurrency Analysis and News Portal And why isn’t blockchain being used for coronavirus check-ins? Source The post ETHDenver Day 2: NFTs, Gaming the Future and COVID Fantasists appeared first on CryptoX. CryptoX Portal
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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank – Regulation Bitcoin News
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of Cryptocurrencies Persist Between Finance Ministry and Bank of Russia A meeting between the Central Bank of Russia (CBR) Governor Elvira Nabiullina, Russian Finance Minister Anton Siluanov, and Deputy Prime Minister Dmitry Grigorenko — devoted to…
API3 price gains 55% after new partnerships and exchange listings attract investors
In the emerging Web3 world, data is the most valuable commodity, and oracle solutions provide a valuable role in facilitating the accurate and secure transmission of data between blockchains and data sources. One project that is taking a different approach to developing oracles is API3 (API3), a project which harnesses application programming interfaces (APIs) to create first-party oracles through the use of decentralized APIs capable of broadcasting data directly to blockchain networks. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $3.22 on Feb. 3…
Why Ethereum Users Tolerate Exorbitant Gas Fees
Ethereum’s volatile and often expensive gas fees can make the network difficult to use at times. However, the network’s sustained use amid high fees, juxtaposed with the rise of layer 2 and other ETH developments, brings a clear message to the surface. The high ETH fees actually prove that users deem the network superior, and, as such, costs are being addressed in multiple ways. Improvements in the ecosystem’s reach and usability will continue as capital inflows sustain and more users tap into it. Source
Brazilian Asset Manager Hashdex Launches DeFi ETF on Local Stock Exchange
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…
Helium Network Passing Half-Million Hotspots Could Fire Up HNT Price
“I wouldn’t be surprised if Coinbase lists HNT soon,” said Gerald Votta, head of GameFi research at Quantum Economics. “With A16Z already having invested a lot of money in Helium, I think Coinbase will list eventually, ” added Votta. A16Z is shorthand for Andreessen Horowitz, a venture capital firm that’s investing heavily in the crypto industry. In August, A16Z alongside others invested $111 million into the Helium Network. Source
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