Month: March 2022

US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions

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Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions. In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,” California Representative Juan Vargas asked Powell if cryptocurrency could be a “way out” for Russia looking for financial transactions in the wake of the United States and European Union cutting the country off from the SWIFT payments network. The Fed…

Expectations Of Aggressive FED Drop, Here’s Why Bitcoin Could Rise To $50K

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Bitcoin stumbles as it approaches the mid area around its current levels. As reported yesterday, there was a large number of asks orders at $45,000, and $48,000, which could continue to operate as resistance in the short term. Related Reading | TA: Why Ethereum Could Rally Further Above $3K At the time of writing, Bitcoin trades at $43,748 with a 2.1% loss in the last 24-hours and a 14.1% profit in the past 7 days. BTC with moderate gains on the daily chart. Source: BTCUSD Tradingview Market participants seem to…

BITCOIN PRICE & CRYPTOCURRENCY MARKET UPDATE!!! When Bottom???

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Digital Currency Group Authorizes $250M Buyback for Its Grayscale Trusts

CryptoX – Cryptocurrency Analysis and News Portal The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.…

Aaron Lammer’s Advice for Making It in Crypto: Just Do Something

That’s the way Augur worked at the time. I thought that all this stuff was going to take off in like a month, not in five years. The person who created the market got a small fee from every bettor, so I was like, “Oh, I’ll create these viral prediction markets.” At the time, people would ask me to go on Gizmodo TV. So I was thinking, “I’ll just, you know, tell a few people about my pee tape market, then the bets are going to roll in.” Source

Ukraine Adds Dogecoin to List of Accepted Cryptos, Prime Minister Asks DOGE Co-Founder and Elon Musk to Donate – Bitcoin News

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According to a Twitter announcement stemming from Ukraine’s vice prime minister, Mykhailo Fedorov, the Ukrainian government will now accept dogecoin donations. Fedorov highlighted that meme assets like dogecoin are worth more than the Russian ruble and “even [memes] can support our army and save lives from Russian invaders.” Ukraine Vice Prime Minister: ‘Even Memes Can Support Our Army’ Following the acceptance of polkadot (DOT) on March 1, the Ukrainian government is now poised to take dogecoin (DOGE) donations as well. Mykhailo Fedorov, the country’s vice prime minister, announced the government…

EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences

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On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system. The list of sanctioned banks includes Russia’s second-largest bank, VTB Bank, alongside Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB. Without access to SWIFT, which is a Belgian messaging system that connects over 11,000 financial institutions worldwide, Russian banks and, by proxy, the Russian economy are likely to endure severe losses. For example, Iran lost 30% of its foreign trade after being…

Introducing Nexus Project: Network Reward Token

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Blockchain technology enables quicker, lower-cost, and more secure payment systems, as well as a distributed ledger that can foster trust among participants. Although blockchain began as a support platform for digital currencies, it has now been implemented into a variety of industries, including payments. In actuality, the traditional payment system has been riddled with flaws and urgently needs a revamp. In many circumstances, it might take days to conduct a transaction with additional costs and low security. This is why people are hesitant to use payment methods to keep or…

Ukraine Expands Crypto Donations to Accept Dogecoin

“Dogecoin folks aren’t usually rich and dogecoin itself is generally used for small transactions, but we are a caring and passionate bunch,” tweeted Markus. “Those who want to help will offer what they can ~ I hope the country can heal and rebuild stronger after all of this.” Source

Bitcoin Touches Above $40K For Third Time In 2022, Where Does It Go From Here?

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Bitcoin has had an eventful 2022 so far and it is only two months into the year. While mostly recording downtrends in these past two months, there have been some notable recoveries that have put it above $40K. For the two previous times, the digital asset had been unable to hold above this level. Will the third time be the charm or is a reversal expected soon? Bitcoin Trading Between $40K-$44K On Monday, bitcoin had pulled one of its strongest reverse cards and had broken straight through $40,000. The digital…