Day: February 23, 2022

Bitrue Announces Support For Cardano (ADA) As Base Pair On Exchange

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Crypto exchange Bitrue has announced the addition of Cardano (ADA) as a base pair on the platform. Starting February 24th, users of the platform will be able to trade its wide variety of crypto options using the digital asset as a base pair. Initial coin pairs for ADA will be ETH, SOL, LTC, ICP, XDC, SHIB, GALA, AVAX, MATIC, and MANA, and Bitrue will continue to add more trading pairs on a weekly basis. Bitrue has continuously supported the Cardano blockchain and this is the latest step in that streak.…

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Terra’s LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve

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“Raising a BTC reserve is a smart move and may result in lesser fluctuations of UST during future bouts of market volatility,” Matthew Dibb, chief operating officer and co-founder of Stack Funds, said. “Ideally, LFG would take steps to keep the reserve 100% on-chain for transparency rather than through centralized means, however, the price action of Luna since the announcement has been largely promising in restoring confidence to the Terra ecosystem.” Original

Can Shiba Inu Break Past The $1 Mark? Here’s How It Can

This past year, Shiba Inu rose by 45,000,000%. As of Wednesday, the focus is more on achieving a huge milestone than on making future percentage increases. SHIB remains active, with a current price of $0.00002498, a 24-hour low of $0.00002357, and a 24-hour high of $0.00002534. At least two of the following events must occur for SHIB to achieve and break past the $1 threshold. Burning Shiba Inu A large currency burn must occur. Crypto coins are taken out of circulation by the process of burning. Furthermore, a lesser supply…

Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally

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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. Ether’s 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 structure, thus forming a sequence of lower highs on the lower trendline with resistance in place at the upper one. As the pattern develops, volumes typically drop. So far, Ether has been forming a similar upside…

Brazilian Senate Committee Approves Bill Regulating Crypto Transactions

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  Image The Brazilian Senate economic affairs committee approved a bill legalizing crypto transactions on February 22, 2022.  Bill PL 3825/19 was introduced by Senator Flavio Arns who authored it in 2019. The bill was then crafted jointly in collaboration with Brazil’s Central Bank, the securities exchange commission, and the federal tax authority, as a means to lay down the groundwork for the usage of bitcoin and cryptocurrencies as an investment asset and in day-to-day financial transactions.  The goal of the bill was to stop or reduce illegal activities including…

Canada to host Bitfury’s new 28-MW crypto mining facility

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Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new mining center adds to the list of existing Canadian sites, which currently operate in Drumheller, Alberta and Medicine Hat. Bitfury’s new crypto mining facility in Ontario is expected to operate at 16 megawatts by the end of this month. Bitfury mining facility in Canada. Source: Bitfury According to the announcement, Bitfury has plans to add 12 MW capacity in the coming months, which will bring up the total capacity of the mining facility to…

Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets – Bitcoin News

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The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial institutions. De Cos also stated that while this exposure is still low, it is constantly going up due to the integration of crypto services within these platforms. Governor of Bank of Spain Notes Risks Associated With Banks Integrating Crypto Services …

BITCOIN CRASH NOT OVER (yet)!! | Bitcoin News Today & Bitcoin Price Prediction 2022 (BTC Analysis)

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