Day: December 20, 2022

Bank of Russia to Test International Crypto Payments With Companies โ€“ Finance Bitcoin News

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The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime thatโ€™s currently under development. Russiaโ€™s Central Bank to Explore Crypto Settlements Amid Financial Sanctions The Central Bank of the Russian Federation (CBR) intends to trial international trade settlements with cryptocurrencies, the monetary authorityโ€™s First Deputy Chairman Olga Skorobogatova announced on Monday. โ€œWe are now planning, within the framework of the experimental legal regime that we…

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FTX Collapse Adds to 2022 Crypto Price Decline, Marks Worst Year in Industry History

Last yearโ€™s price run-up in the largest cryptocurrency, bitcoin (BTC), to a record $69,000 brought rampant speculation and risk-taking by crypto traders who used โ€œleverage,โ€ or borrowed money, to amplify their bets. The unwinding of that leverage over the course of 2022 served to accelerate the marketโ€™s descent. The CryptoX Bitcoin Price Index has tumbled 65% this year to about $16,594 at the time of writing. Source AddsCollapseCryptoDeclineFTXHistoryindustryMarksPriceWorstYear CryptoX Portal

Shiba Inu Welcomes 10,000 New Holders, Can SHIB Keep Up The Momentum?

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Despite the market downturn, Shiba Inu (SHIB) is still seeing growth in terms of its holder base. The meme coin maintains its position as one of the most popular cryptocurrencies as its total holder count has now crossed 1.26 million. 10,000 New Shiba Inu Holders Added In a time when cryptocurrencies across the space are marking a decline in support, Shiba Inu has added over 10,000 new holders in the span of two weeks. This saw the total SHIB holders cross into the 1.26 million territory, marking more growth for…

Could A Litecoin Fractal Foretell A New Bull Trend In Crypto?

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The cryptocurrency market continues to feel the darkness of crypto winter, but it could be Litecoin bringing the blossom of a new bull trend, according to a an eerily similar fractal found in LTCUSD daily price charts.ย  The fractal pattern developed following the most recent pullback, and appears to have a similar structure to a major bull market breakout. Could this be the light at the end of the tunnel for cryptocurrencies? Hawkish Fed Dims Litecoin Rally, But A Fractal Gives Hope After a stellar month leading the market with…

Bitcoin.com Games Reveals Top Slots of 2022, Players to Get 50 Free Rounds Every Day for Christmas โ€“ Promoted Bitcoin News

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๐ŸคฉBitcoin.com Games to reward free rounds every day to all players until December 31st in Hot Slots of Christmas!๐ŸŽ„ Itโ€™s the holiday season and Bitcoin.com Games has begun unraveling sweet gifts for all its players in the newly launched Hot Slots of Christmas promotion. The premium crypto casino has created a list of 13 of the most popular slots of the year and is set to reward bonuses to all who qualify. These sought-after games are featured in the new Hot Slots of Christmas promotion where participants can get free…

More FTX Fallout as Traders Turn Defensive

What todayโ€™s data shows is that, similar to in past market cycles, flights to safety within the cryptosphere is translating to movement of capital into BTC and ETH, relative to other coins. On the other end of the spectrum, the more speculative Computing Index (CPU) and Culture & Entertainment (CNE) have lagged other sectors in both week to date and month to date performance. Source