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Day: February 28, 2022
Why MOBI’s Blockchain ESG Tests Matter
The organization’s recent partnership with trade group MEF is meant to help with large-scale projects like measuring tailpipe emissions. Source link
Despite Struggling Price, Bitcoin Exchange Reserve Hits Lowest Value Since Sept 2018
Despite the recent struggling Bitcoin price, on-chain data shows the exchange reserve has just hit the lowest value since September 2018. Bitcoin Exchange Reserve Declines To Lows Not Seen Since Sept 2018 As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has observed further decline recently, reaching the lowest values in more than 3.5 years. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin present on wallets of all exchanges. When the value of this indicator goes up, it means…
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions – Bitcoin News
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush to Withdraw Cash as Sanctions Intensify The Russian ruble nosedived 30% to a record low against the U.S. dollar Monday morning, falling as far as 119.50 per dollar from Friday’s close as offshore trading started in the morning during Asia…
Crypto Donations Are About More Than Censorship-Resistance
There’s also the issue of wishy-washy middlemen: Why attempt a group auction via a DAO, or pick up an NFT, rather than make a direct donation to the organization of your choice? All it’s doing, really, is putting a mediator in charge of your money (sort of ironic, for an industry premised on doing away with mediators). Source
Snoop Dogg’s Alter-Ego Names Tezos as Major Significant Blockchain For Fine Contemporary Art NFTs
Multiple blockchains attract attention among users looking to mint either single NFTs or entire collections. Tezos is one of the chains receiving much praise for its low fees and carbon approach. Even Snoop Dogg – through his Cozomo de Medici alter ego – wants to explore the benefits of this ecosystem. Snoop Dogg x NFTs When celebrities and artists get involved in non-fungible tokens, exciting things are bound to happen. Cozomo de Medici – the alter ego of Snoop Dogg focused on NFTs – is committing a big sum of…
Crypto Funds See Inflows Globally Despite Exodus From European Products
A net $36 million went into digital-asset funds last week with major outflows in Europe but large inflows in the Americas. Source
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Technical Analysis: LUNA Leads Crypto Rally, ANC Slips Under Bearish Pressure – Market Updates Bitcoin News
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period. Biggest Gainer Terra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility. Monday’s rally in LUNA/USD saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process. This surge comes…
Price analysis 2/28: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
Bitcoin and altcoins surprised investors with a sharp bullish breakout on Feb. 28, signaling a possible change in the short-term trend. Bitcoin (BTC) soared above $40,000 on Feb. 28 even though the S&P 500 remained soft. This suggests that the correlation between Bitcoin and the U.S. equity markets may be showing the first signs of decoupling. If bulls sustain the price above $38,500 till the end of the day, Bitcoin would avoid four successive months of decline. The volatility of the past few days does not seem to have shaken…