Month: April 2022

Bitcoin disappoints on bull run as AMZN stock sees biggest 1-day drop since 2014

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Bitcoin (BTC) fell into the Wall Street open on April 29 as United States markets opened to volatility, including an 11% drop in Amazon stock. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All change at the Fed Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD dipping to $38,622 on Bitstamp Friday. Despite a let-up in the U.S. dollar’s relentless bull run, Bitcoin showed little signs of strength as it remained firmly under $40,000. Macro factors remained against the largest cryptocurrency along with risk assets more broadly, commentators noted, as the…

Crypto Uncertainty Continues, as BTC Drops Again – Market Updates Bitcoin News

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Crypto prices continued to seesaw on Friday, as both bitcoin and ethereum fell into the red, after a short lived rally on Thursday. Bitcoin was once again below $40,000 during the session, while ethereum extended its recent spell of trading below $3,000. Bitcoin Bitcoin (BTC) once again fell below the $40,000 level on Friday, following a short stint in the green during yesterday’s session. Following a peak of $40,269.47 on Thursday, BTC/USD fell to an intraday low of $38,698.16 earlier today. This comes as BTC was unable to climb above…

US crypto adoption remains high despite global inflation fears

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A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets. The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States, a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict, addition to how the well-documented surge of gas prices throughout Europe is impacting inflationary metrics. Bar chart statistics reported a high correlation between unfavorable economic dynamics witnessed in times of currency deflation and…

Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation – Regulation Bitcoin News

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The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after establishing a general framework in August. Bank of Cuba Clarifies Rules for VASPs The Cuban government has advanced a new law framework that brings clarity to how virtual asset service providers must proceed to operate legally in Cuba. A new decree, identified with the…

Bitcoin Down as Market Braces For 50bps Fed Rate Hike

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“The Fed’s response to Covid increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing,” IntoTheBlock’s research head Lucas Outumuro said. “Now that the “money printer” is expected to slow down, markets have been anticipating a hangover from the excessive stimulus provided, weighing down on valuations of both stocks and crypto.” Original

What Happens if Stablecoins Win?

Today, most stablecoins track the value of fiat currencies but we might see the adoption of coins pegged to valuable assets like gold. These might, in reality, prove to be the best for when “paying with crypto” due to possibly being inflation-resistance. But for day-to-day transactions – whether using BTC, ETH, SOL, etc. – transaction and conversion costs will be important. The cost of paying for goods and services would need to be less than the average 3% transaction fees imposed by large credit, debit and app payment processors to…

Is Ethereum Safe To Buy Again? Best Entry Points For ETH!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum is one of the two major Cryptocurrencies that need to be in everyone’s portfolio! Today, Sheldon The Sniper gives us the next most important entry points to buy Ethereum on this dip. Host: Sheldon Twitter – Instagram – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – ✅ Sign up to Bybit today using this link and…

Bitfinex, Coinbase and KuCoin ramp up

Turkey is experiencing a resurgence in cryptocurrency interest as major crypto exchanges set foot in the transcontinental country. From demographics to offline marketing to currency depreciation, there is plenty of motivation for the 84 million Turkish people to sign up to the new exchanges. Bitfinex, among the world’s largest cryptocurrency exchanges, recently announced its Turkey expansion plans (see tweet). Coinbase reportedly set its sights on acquiring local exchange BtcTurk, while Binance is launching its first customer service center. Dünyanın önde gelen dijital varlık alım satım platformu Bitfinex çok yakında Türkiye’de.…