Day: February 24, 2022

Sub $30K Bitcoin price sell-off would require panic ‘to a large degree’

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Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance. There is 5,000 Bitcoin (BTC) sat ready to purchase down to a $30,000 price, and another 7,000 BTC down to a $28,000 price on Binance. The sell-off may not be over, but Bitcoin buyers can take solace in the knowledge that order books in the $28,500–$30,000 region are dense. Consequently, the price plunge due to Russia’s military operations…

Ukraine Central Bank Suspends Use of Electronic Money Following Russian Invasion

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Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding – Finance Bitcoin News

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On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi,…

02/02/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 02/02/2022| 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 -Indian government announces 30% tax on cryptocurrencies.. -50 Billion SHIB Grabbed by Top Ethereum Whale: Details. -Shiba Inu Price Recovers as SHIB Returns…

BC Group, Archax, InvestaX Form Consortium on Security Tokens Globally

Eventually, the goal is to set up industry standards, but right now “there’s lower hanging fruit,” such as what technology, corporate governance, and AML/FATF characteristics of an issuance must be harmonized in order to list security tokens across Hong Kong, the U.K., and Singapore within the existent regulatory frameworks, Madden said. This year, Madden hopes to see such security tokens listed across the three jurisdictions. Source

Bitcoin dips 12% as Russian ruble hits all-time low against USD on Ukraine ‘military operation’

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Bitcoin (BTC) fell to $34,300 overnight on Feb. 24 as geopolitical tensions in Europe boiled over.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Arguments both ways” for BTC price outlook News that Russia had launched a “special military operation” in Ukraine sent BTC/USD tumbling along with traditional markets, data from Cointelegraph Markets Pro and TradingView showed. In a move which seemed to catch markets by surprise, reports were flowing in of a feared three-pronged attack on Ukraine at the time of writing, with the West already promising more severe sanctions…

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims – Mining Bitcoin News

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Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told Forklog about the migration. The…

Trudeau revokes emergencies act powers but the case for crypto grows

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Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors, according to CBC news. On Feb. 24, Trudeau stated in a televised press conference that “we’re ready to confirm that the situation is no longer an emergency” and said that his special powers granted by the Emergencies Act would end. He added: “We are confident that existing laws and bylaws are now sufficient to keep people safe.” Today, after careful consideration, we’re…