Day: March 30, 2022

Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000

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Bitcoin had successfully flipped the $47,000 level this week. A welcome change after the digital asset had spent a long stretch of time plagued by low momentum. It officially signaled a break out of the consolidation of the past two-and-a-half months. Now the real work begins as bears have begun mounting significant resistance to keep the cryptocurrency from breaking above $50,000. The Point To Beat Although Bitcoin continues to hold above $47,000, there is still a lot of opposition to the digital asset in this region. $47,500 remains a technical…

Why the rise of a Bitcoin standard could deter war-making

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Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars. According to Gladstein,  the U.S. was able to sustain its “forever wars” in Iraq and Afghanistan mainly by borrowing capital. That was possible largely because of the Federal Reserve’s monetary policy, which has been keeping interest rates relatively low through quantitative easing.  “We literally print money, we sell bonds to the open market for a promise to pay in the future and…

Inside the Ukrainian Crypto Startup Waging Cyberwar on Russia

Since the channel was launched on Feb. 28, the list of targets has included the official websites of the Kremlin, Federal Security Service (FSB, successor to the Soviet KGB), communication servers of the FSB and Rosgvardia (recently formed riot police forces), federal agencies and city councils, Russian Railways, major Russian banks, the Moscow Stock Exchange, the payment system Mir (created to replace SWIFT in Russia), oil and gas companies and many others. CryptoX Portal

How to Become a Blockchain Developer in 2022? Blockchain Developer Roadmap

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I talk with Abhishek Bisht about blockchain development and how one can become a blockchain developer. He talks about Ethereum and Solana platforms and its applications. There are thousands of applications being created at this second on the blockchain and the field is attracting funding from tons of VCs. According to the average salary of a remote blockchain developer is over $100K/year. 📸 Instagram: Join MarkitUpX Discord Server: You can connect with Abhishek here: YouTube: Instagram: Twitter: Start Investing…

A Digital Dollar May Help the Poor, but It’s Far From a Done Deal

A report earlier this month from the Brookings Institution written by Tim Massad, a former chairman of the Commodity Futures Trading Commission, and Howell Jackson, a Harvard Law School professor, said that instead of getting the Fed involved, “the Treasury Department could, relatively quickly, create digital accounts to provide payment services that would be especially valuable to unbanked and underbanked individuals.” Source

Eldridge, a16z Lead $620M Financing Round for Fintech Cross River Bank

“Whether it’s lending, transfers, payments and more, Cross River will offer its partners a regulatory compliant and approved framework to increase their crypto offerings and expand their reach – the same way Cross River was able to support the growth of now category leaders within personal lending and BNPL, among others.” said Lior Prosor, general partner and co-founder of Hanaco Ventures, in a statement. Source

UK financial watchdog extends registration deadline for some crypto firms

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The Financial Conduct Authority, the United Kingdom’s financial regulator, has extended the temporary registration status of some firms offering crypto services beyond its March 31 deadline. In a Tuesday statement, the FCA said “a small number of firms” in the crypto space will continue to have temporary registration status in the U.K. “where it is strictly necessary.” The financial regulator reiterated that temporarily exempting the crypto firms from its previously announced March 31 deadline “does not mean that the FCA has assessed them as fit and proper” but included situations…

Bitcoin sentiment hits ‘greed’ in 2022 first amid calls for $45K BTC price pullback

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Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up. The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC/USD, which threatened to lose support at $47,000. From “extreme fear” to “greed” in one week After gaining nearly 30% since March 14, Bitcoin has managed to cling to its yearly opening price as support, this previously marking the resistance ceiling of its trading range for throughout 2022. Now, however, hopes of a retracement…