Bitcoin lost its footing above $40,000 once more over the weekend and has been on a downward trend since. This is not a shocking move given that the last two moves into the $40-$44K range had ended the same way. However, this third time has come with a much lower momentum, raising concerns regarding the ability of the digital asset to establish any semblance of support below this level. No Demand Established A fall below $40K shortly after breaching it is not unheard of in the history of bitcoin. In…
Day: March 7, 2022
Venezuela Increases Minimum Monthly Wage to Half a Petro – Emerging Markets Bitcoin News
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of almost 1,800% compared to the previous amount of only seven Venezuelan bolívars (VES). Minimum Wage Increase to Build “Sustainable Recovery” Nicolas Maduro, president of Venezuela, announced the increase of the minimum monthly salary…
Ukraine Is Buying Bulletproof Vests and Night-Vision Goggles Using Crypto
Ukraine’s de facto crypto ministry, the Ministry of Digital Transformation, is facilitating the buying of military equipment based on the demands of the Ministry of Defense, said Alex Bornyakov, the deputy minister at the ministry. The operation involves Kuna, the Ukrainian exchange that set up the donation addresses; two ministries; five signatories and several other government officials as key players. Source
Web3 infrastructure developers attract major investors
Despite extreme volatility in the price of crypto assets, venture funds continue to make strategic investments in the industry. In recent weeks, the focus has shifted to infrastructure developers in Web3, play-to-earn and GameFi — nascent industries that still have significant upside ahead. Cointelegraph’s latest VC Roundup provides a rundown of funding stories that didn’t get front-page coverage but still generated significant interest from the venture capital realm. Related: VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure Pantera leads $32.9M Subspace Labs…
EU Parliament Monetary Committee to Vote on MiCA Next Week
After having previously been postponed thanks to an outcry over language amounting to a “de facto” ban on Bitcoin, a vote by the Monetary Committee of the European Union’s parliament on the EU’s Markets in Crypto Assets (MiCA) legislation will take place on March 14. Source
Crypto Miner Argo’s Monthly Sales, Bitcoin Output Fell on Higher Difficulty, Winter Storm
Argo Blockchain’s mining margin in February narrowed from the previous month. Original
DraftKings Becomes Polygon Validator After NFT Marketplace Clocks $44M in Sales
“Participating in validation supports DraftKings’ broader strategy of building out a robust, sustainable, trustworthy and decentralized infrastructure to help future-proof aspects of our business in the Web 3 era,” Paul Liberman, the company’s global tech and product president, said in a statement. Source
European Parliament Proposes Expanding ‘Travel Rule’ to Every Single Crypto Transaction
“A complete implementation of the ‘travel rule’ will prove to be difficult, considering not every technology allows this particular information to be stored and transferred. It would be much easier to set up a global register of identified addresses, a procedure also used in banking,” said Marc Toledo, managing director of Belgian crypto exchange Bit4You and director of the Blockchain Association of Belgium. Source
BitNile Aims to Become a Top 10 North American Miner With 300MW Deal
“The planned expansion of the power capacity at the Facility to 300MW over the next 18 to 24 months would, if achieved, enable BitNile to grow its existing partnership with Bitmain while potentially attracting other strategic joint-venture partners,” said the company’s founder and executive chairman, Milton Ault, III. Source
Papa Johns Helps Take NFTs Mainstream – Blockchain News, Opinion, TV and Jobs
Papa Johns, today, launches its first collection of cool and collectable NFTs, known as non-fungible tokens, as part of the metaverse’s biggest ever FREE NFT giveaway in the UK. Allowing its fans in the UK to get a slice of the NFT hype, the collection boasts 19,840 NFTs made up of nine pizza hot bag inspired designs, which will drop on several dates in early March. Pizza fans can get a slice of the NFT world and their hands on nine uber-cool free hot bag designs – with names such…