Month: September 2022

Market Volatility Remains High, as BTC Climbs Above $19,000 – Market Updates Bitcoin News

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Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding following recent losses. As of writing, the global crypto market cap is up 2.43% Bitcoin Bitcoin (BTC) was trading higher on Thursday, as crypto markets marginally rebounded following yesterday’s sell-off. The token rose to an intraday high of $19,688.34 earlier in today’s session, less than a day after trading at a low of $18,927.12. Volatility in bitcoin has been heightened…

$200 Billion Crypto Crash Spreads As Investors Panic! Luna Is DEAD? | Market Update

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Miners Take off for The Great – and More Profitable – North

But while the Nordics’ fragmented energy markets can bring opportunities, they also present difficulties in hedging power prices, Jogg said. The financial products sold to companies looking to hedge their power costs are aimed at the entire Nordics market, but the actual price of power miners are looking to hedge is likely for a narrower region, where they mine, he explained. Source

QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally

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QUANT is making some positive noise, despite the bear market, with QNT notching gains in the last week. Most cryptocurrency exchanges have made some decent profits recently, despite the beatdown form the broader crypto market. Cryptocurrencies, meanwhile, have kept the charts green even while the stock market suffers from larger macroeconomic issues. One of the tokens is QNT, which gained 35.77 percent, making it one of the top gainers of the past seven days. An improvement in the coin’s fortunes may be in the offing. Market trust in cryptocurrency could be…

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power – Mining Bitcoin News

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Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital currencies. Expert Lists Russian Regions Most Suitable for Crypto Mining and Those Expecting Ban The Central Bank of Russia and the Ministry of Finance recently agreed on legislation designed to regulate the mining of cryptocurrency…

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

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Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions. Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives. Bank of Russia needs to control cross-border transactions It’s “highly questionable” that Russia would allow usage of Bitcoin or any other similar cryptocurrency for cross-border payments because such assets are “hard to control,” according to Elena Klyuchareva, the senior…