Month: March 2022

European Parliament votes against PoW ban, providing huge relief to the crypto industry

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Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned proof-of-work-based cryptocurrencies within the EU. This comes as a huge relief for the crypto industry, whose representatives had previously warned about the threat of a hardline regulatory scenario.  MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the EU’s and member states’ institutions. The draft was introduced by…

Why REQ, MFT and KEY rallied over 20%

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Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether to outlaw proof-of-work cryptocurrencies, which was ultimately rejected.  Despite these pressures, however, several cryptocurrency projects have managed to post gains in excess of 20% on March 14, thanks to new partnerships and protocol updates. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Request Network (REQ),…

EU Proposes Ban on Proof of Work Cryptos Like Bitcoin – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin climbed overnight to $39,000, as the crypto market remains in a state of indecision. There are bullish and bearish catalysts on the horizon, but in the short term risks are dominant in my opinion. On the positive side, Terra founder Do Kwon says the Luna Foundation Guard is planning to add $1.2 billion Bitcoin to its reserves starting from this week in order to make the UST stablecoin more stable and decrease the risk of UST losing its peg.…

Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.

As Russia’s self-styled “special operation” against Ukraine continues, crippling economic sanctions remain the Western powers’ primary weapon to counter Russia’s military actions without triggering an even more dramatic escalation. As NATO and allies’ financial offensive unfolds, ensuring that the collective West presents a united front remains political leaders’ chief concern. The global crypto industry keeps getting suspicious looks as some agents of state power are seemingly entrenched in their beliefs that digital assets could be the weak spot undermining the efficiency of the sanctions push. Despite ample evidence to the…

Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline

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More than 1.7 million Ukrainians have fled the country’s borders since the conflict began, the United Nations says, the “fastest-growing refugee crisis in Europe since World War II,” in the words of UN High Commissioner for Refugees Filippo Grandi. Although some refugees are transferring their funds into crypto as a method of safely storing and transferring their wealth across borders, “this is a small fraction, among only those that have prior experience with crypto,” said Obchakevich. “For the average citizen in a panic, it is easiest to cash in a…

just wow… (POV Unboxing)

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Dogecoin Spikes 10% After Elon Musk Reveals He’s Not Selling

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Dogecoin has been on a recovery trend lately. This is attributed to recent comments from Elon Musk, the ‘Dogefather’, that has seen prices spike. Musk who has been a vocal supporter of the meme coin is one of the major reasons behind the popularity and success the cryptocurrency enjoyed last year. Now, once again, the billionaire is also behind the recent spike in the price of the digital asset. Dogecoin Jumps 10% Elon Musk recently talked about inflation and naturally, as expected with the SpaceX CEO, the discussion had pivoted…