Russia’s central bank and government are seemingly no closer to an agreement on the regulation of cryptocurrencies, a sign of how wide the spread between their positions remains, even after a document last week set out plans to legitimize the asset class. Source
The Bitcoin price trading value has hit $41,934.38 in the open market Monday, which is down by 0.95% on its index. The crypto is still recuperating after a 50% drop from its all-time high of $69,500 in November last year. Its value has been able to rally from $33K, and crossing the psychological resistance level of up to $40,000. The bullish trend continues to ramp up as technical indicators have reached their oversold levels. The fear and greed index, which measures investors’ perceptions and personal assessments of the market, has…
“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets. Jack Dorsey’s first tweet, “just setting up my twttr,” sold for $2.9 million on the platform in March last year. On February 6th, the platform ceased NFT trading due to “a spectrum of activity” that “shouldn’t be happening.”…
Bitcoin (BTC) opted for fresh upside on Feb. 15 as a trip to near $40,000 saw an abrupt change of direction. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI prints classic bull signal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly overnight into Tuesday, going on to pass $44,000. A classic relative strength index (RSI) breakout, this time on the lower four-hour timeframe, preceded the move, which put the pair a full 6% higher versus Monday’s lows. #Bitcoin 4 Hour RSI broke out and MACD just had a Bullish Cross:…
Amid the Russian government continuing working hard to come up with cryptocurrency regulations, a federal ministry has made another proposal regarding the crypto mining industry. Russia’s Ministry of Economic Development has greenlighted the concept of crypto mining regulation in the country, proposing to allow mining operations in areas with “sustainable surplus in electricity generation,” local news agency Izvestia reported Tuesday. As part of the proposal, the ministry suggested introducing lower fees for setting up mining farms and data centers in specific Russia’s areas as well as offering reduced energy rates…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Charts suggest there is a decent chance history repeats itself for bitcoin and the cryptocurrency shakes off its recent steep drawdown to mount another rally, CNBC’s Jim Cramer said, based on technical analysis from Tom DeMark. Sign up and learn more about the CNBC Investing Club with Jim Cramer Charts suggest the selling in the world’s two largest cryptocurrencies may run its course soon, CNBC’s Jim Cramer said Monday, leaning on analysis from veteran technician Tom DeMark. “When the charts, as interpreted…
The husband-wife duo accused in the infamous $3.6 billion Bitcoin (BTC) money laundering case had quite a contrasting valentine. A federal judge upheld the decision of a suspended release for wife Heather Morgan while husband Ilya Lichtenstein has been sent to pre-trial detention. Beryl A. Howell, the chief judge at the Federal District Court in Columbia, ruled that Lichtenstein has the motivation and resources to flee and thus must be kept under detention. While Morgan managed to fulfill the criteria for a suspended release on a bond of $3 million.…
What started as just an idea is now just a few weeks away from becoming a reality. Beholding a metaverse full of opportunities, Universe Island is a play-to-earn game offering its players a classic yet thrilling third-person, 1vs1 shooting theme experience. However, a significant addition to this game to feed the NFT craze in today’s market while also taking your gaming experience to a whole new level is the NFT integration and story-driven experience meant to be enjoyed by the players. Upon hearing “story-driven”, players can expect not just a…
Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has appointed Emilio Pardo as a new country manager, to debut the start of operations in Colombia in partnership with Banco de Bogota. Bitso Enters Colombian Market Bitso, a Mexican cryptocurrency exchange with more than four million customers, has set its sights on Colombia for its expansion. The company is now part of the regulatory crypto sandbox established in…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔸 FREE $100 & No Monthly Fees 💵 I-Trust Capital ► 💠 Binance FREE Bitcoin BONUS (U.S. Accepted) ► 🔸 KuCoin FREE Airdrop Bonus Up To $1,000 ► Raoul Pal Bitcoin – What Nobody Is Telling You About This Market The markets have made a slight rebound, as Bitcoin is currently trading just under $38,000 at the time of writing, which is up 7% in the week and Ethereum is up trading at $2,550, which is just about break even in the…