Month: April 2022

Yellen alleges crypto has not been used for significant Russian sanctions evasion so far

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United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yellen was asked repeatedly about digital asset security at the committee’s annual hearing on the state of the international financial system. “We are aware of the possibility clearly that crypto could be used as a tool to evade sanctions and we are carefully monitoring to make sure that doesn’t occur,” Yellen said, “but I would say that we have…

Ethereum traders eye the 61.8% Fib level if ETH fails to hold the $3.2K support

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The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6.  Data from Cointelegraph Markets Pro and TradingView shows that the downward move for Ether (ETH) accelerated on April 6 and dropped the top altcoin…

Cryptocurrency Index IC15 भारत में हुआ लांच! क्या क्या मिलेगा?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io क्रिप्टोकरेंसी में रूचि रखने वालों के लिए खबर है कि भारत का पहला क्रिप्टोकरेंसी इंडेक्स हो गया है लांच! बता दें, मुंबई की फाइनेंशियल कंटेट प्रोवाइडर कंपनी टिकरप्लांट ने अपने ऐप क्रिप्टोवायर के जरिए इसे लॉन्च किया है. इसे आईसी-15(IC15) नाम दिया गया है. तो अब आपको बताते हैं कि आखिर ये क्रिप्टो इंडेक्स करता क्या है? कंपनी के मुताबिक यह दुनियाभर के 15 नामी लिक्विड क्रिप्टोकरेंसी के परफॉर्मेंस को ट्रैक करता है और बाजार के नियमों पर आधारित व्यापक मार्केट इंडेक्स…

UST staking goes live on Binance as Anchor reserves fall

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On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol.  Anchor rate is now available to 30M+ binance users The anchor yield of web3 is living up to its name. https://t.co/awubGdRJgP — Do Kwon (@stablekwon) April 6, 2022 Terra’s (Luna) ecosystem consists of its algorithmic stablecoin UST and governance/equilibrium token LUNA. The Anchor protocol…

Bitcoin – How Whales Are Stacking while the world is in FEAR

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Research Shows 19% of Bitcoin’s Hashrate Is Managed by Publicly Listed Companies – Mining Bitcoin News

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According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much Faster Than the Overall Market Bitcoin mining has grown a great deal during the last few years as the crypto asset’s hashrate reached all-time highs this year. Presently, the network’s…