Pragmatically speaking, crypto has worked to fill a gap – like in quickly raising funds for Ukrainians. And it works because it’s fast, and in some respects, better than the alternative. “If you want to send money to Ukraine, to any government body, you have to do it via SWIFT, and SWIFT takes time. It’s not instant,” he said. Source
Month: March 2022
Marathon Digital’s Q4 Revenue Rises 17% From Q3, but Misses Estimates Slightly
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners in North America, reported fourth-quarter revenue of $60.3 million, an increase of 17% from the previous quarter but slightly below analysts’ average estimate of $60.9 million, according to FactSet data. Source
Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally
2021 was a roller coaster of a year for THORChain (RUNE), which saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol’s recent integration with the Terra and Cosmos ecosystem, an upcoming mainnet launch and the attractive yields offered to liquidity providers. RUNE/USDT 4-hour chart. Source: TradingView…
Bitcoin Decouples from Stocks Ahead of Seasonally Weak March
Historically, March tends to be a difficult month for bitcoin and equities. Analysts expect macroeconomic and geopolitical risks to linger, which could cause short-term volatility. At a later point, price action could stabilize as the probability of positive BTC returns increases over the next few months. Original
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Why Crypto Networks Should Preserve Russian Propaganda
There are sustained calls from influential people for deleting Russian propaganda. Jim Lewis, a cybersecurity expert at the Center for Strategic and International Studies, told Vox, “During the Cold War, we would never let Pravda publish in the United States.” Graham Brookie, a senior director at The Atlantic Council, said, “you have to mitigate online harms that make war worse for humans.” Others go further in calling for the expulsion of Russian students and employees from U.S. institutions. Source
Chainlink Adds Bahrain Telco to Roster of Big-Name Node Operators
CryptoX – Cryptocurrency Analysis and News Portal Bahrain’s central bank has been forward-thinking in its creation of a regulatory framework, making it an important hub in the region. For its part, stc Bahrain has introduced financial services and insurance and is venturing into content aggregation and gaming, not to mention kicking the tires of blockchain, according to Saad Odeh, stc Bahrain’s chief wholesale officer. Source The post Chainlink Adds Bahrain Telco to Roster of Big-Name Node Operators appeared first on CryptoX. CryptoX Portal
Hacker Group Anonymous Vows to Disrupt Russia’s Internet — RT Websites Become ‘Subject of Massive DDoS Attacks’ – Bitcoin News
The international hacktivist collective known as Anonymous has vowed to attack Russian government websites over the recent Ukraine invasion. So far Anonymous says that it hacked the Russian Ministry of Defense database and various state-operated television channels in Russia. Additionally, a spokesperson from Russia Today (RT) said that after Anonymous’ recent statement, RT websites were inundated with DDoS attacks. Anonymous Aims to Laser-Kill Russian Government Websites The decentralized international collective Anonymous wants to troll Vladimir Putin and the Russian government after the country invaded Ukraine last week. “Russia may be…
Florida Judge Denies Kleiman Estate’s Request for New Trial Against Craig Wright
Kleiman, on behalf of Dave’s estate, sued Wright in a Florida court for allegedly stealing his brother’s fair share of intellectual property the pair supposedly developed together (including the Bitcoin IP, the plaintiffs claimed) and bitcoins they were said to have mined jointly. Kleiman said the two created a business entity – W&K Info Defense Research – to develop and mine bitcoin, but Wright’s attorneys attempted to convince the jury the entity was a failed attempt by Dave and Wright’s ex-wife to get government contracts for software development. Source
Bitcoin HODLers Unfazed by Macro and Geopolitical Risks
Blockchain data shows that few bitcoin traders are cutting bait as markets react to Russia’s invasion of Ukraine. Original