Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions. Source
Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
Day: June 23, 2022
URGENT WARNING About Bitcoin Miners
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Biggest Movers: MATIC Climbs 25%, Re-Enters Crypto Top 20 – Market Updates Bitcoin News
MATIC moved back into the cryptocurrency top 20 on Thursday, as prices rose by over 25% in today’s session. The token replaced FTT, which entered the list following declines in MATIC on Wednesday. ATOM also rose today, hitting a 12-day high in the process. Polygon (MATIC) MATIC was one of the standout movers in crypto markets on Thursday, as the token re-entered the top-20 list. Following a low of $0.4042 on Wednesday, MATIC/USD surged to an intraday peak of $0.5145 earlier today. This move saw MATIC become the world’s 18th…
Could NFA become the next big acronym in the crypto space?
Airdrops have become the bread and butter of the crypto world — for good reason. They’re an indispensable marketing tool for up-and-coming projects that want to create a buzz around their ecosystems. Done right, distributing free tokens to the public can help elevate demand — and unlock big benefits for recipients. After all, if these altcoins end up being listed on major exchanges at a later date, their value could explode. Unfortunately though, downsides have started to emerge. These campaigns aren’t just reaching enthusiasts who passionately believe in what a…
Ethereum risks ‘bull trap’ after 25% ETH price rebound
Ethereum’s token Ether (ETH) could be entering a “bull trap” zone after rebounding back above the $1,000 mark from 18-month lows of $885. Ether price paints a “rising wedge” The first among these indicators is a “rising wedge,” a classic bearish reversal setup that forms after the price trends upward inside a range defined by two ascending but converging trendlines. The wedge setup gains further confirmation if the trading volume drops alongside the rising prices. Theoretically, a rising wedge resolves after the price breaks below its lower trendline and eyes…
First Mover Americas: Polygon's MATIC Rallies 25%; BTC Trades Flat
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 23, 2022. Source
How blockchain can open up energy markets: EU DLT expert explains
Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. The authors of a recently published EUBlockchain Observatory report “Blockchain Applications in the Energy Sector” are convinced that distributed ledger technology (DLT) could become a key enabler technology and has a very high potential to influence or even disrupt…
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Crypto Trading Platform Uphold Exits Venezuela, Cites US Sanctions
The company said it made the decision because of the “increasing complexity of complying” with penalties imposed by the U.S. Source
Marathon Digital Cut to Neutral at B. Riley on Bitcoin Price Declines
For second quarter estimates, the broker forecasts BTC to average approximately $32,522, which is based on an average quarter-to-date price of $33,805 and assumes a $22,000 price for the rest of the quarter. For the third quarter and fourth quarter, B. Riley forecasts BTC to average $25,000 and $30,000, respectively. For 2023 and 2024, it is estimating an average bitcoin price of $34,000 and $45,000, respectively. Original