Bitcoin Dominance Grows As Crypto Risk Appetite Remains Low

The crypto market has been moving in the red during today’s trading session with Bitcoin and Ethereum surrendering the past week’s gains. The first cryptocurrency by market capitalization seems to be reacting to the Federal Open Market Committee (FOME) meeting set for tomorrow. During this event, the U.S. Federal Reserve (Fed) is expected to potentially announce an increase in interest rates. Projection aimed at a 75 basis points (bps) hike, but the financial institution might surprise the market with a 100 bps in an attempt to cut down inflation. The…

Bitcoin Declines Further as Momentum Wanes

From a technical vantage point, BTC has fallen below both the 10- and 20-period exponential moving averages (EMA). Moreover, the 10-period EMA has begun to cross below the 20-period EMA, which traders may view as being short-term bearish in nature. Bitcoin’s price is challenging the support level of $20,500, as Monday’s “Market Wrap” suggested. Intraday volume is approaching average levels over the most recent 20 days of trading, which adds credence to the strength of the move Original

Major chains give Gibraltar a BTC boost

“But you can’t buy a coffee with Bitcoin,” the Bitcoin (BTC) critics chanted. Gibraltar, a tiny British Overseas Territory in Europe just blew a hole in that FUD as popular coffee chain Costa Coffee now accepts Bitcoin over Lightning.  Hotel Chocolat, the Card Factory and the Gibraltar bakery also accept Bitcoin as a currency in the British Overseas Territory. The well-known franchises take advantage of Bitcoin’s Lightning Network (LN) to accept customers’ money. The LN is ideal for microtransaction cappuccinos, postcard payments or ice cream investments as reporter Joe Hall…

Según el FMI, la turbulencia cripto no afectará al mercado financiero general

La economía global está siendo golpeada por una alta inflación y una potencial segunda recesión en tan solo dos años, dijo el FMI, dado el impacto de la guerra de Ucrania y los continuos cierres por brotes de COVID. Sin embargo, mercados como el de bitcoin, aislados de los bancos comerciales, no son vistos como una preocupación, según el informe. Source afectarácriptofinancieroFMIGeneralMercadosegúnturbulencia CryptoX Portal

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Latvian Artist Threatened With Prison for Money Laundering Through NFTs – Bitcoin News

An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia Latvian artist and developer Ilya Borisov is awaiting trial amid accusations he used digital collectibles to launder €8.7 million ($8.8 million), as investigators claim to have established. He denies any wrongdoing and is determined to…

Investors Waiting for Safe Token Can Buy Gnosis Tokens for Now

“If SAFE does well, GNO holders do well,” Matt Hepler, vice president of portfolio management at Arca, a crypto asset management firm, wrote to CoinDesk in an email. “It also allows Gnosis to increase focus on their digital-asset infrastructure business. It’s a win-win.” He said Arca doesn’t hold the GNO tokens. Source