Month: March 2023

Ethereum Creator Vitalik Buterin Sends 200 ETH to Crypto Exchange Kraken: PeckShield

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Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange. Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin. The ETH trove was subsequently moved to crypto exchange Kraken where it could potentially be sold on the open market. “PeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken within the last one hour.”  Source: PeckShield/Twitter According to blockchain-tracking service Etherscan,…

Bitcoin derivatives suggest $26K resistance level won’t hold for long

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The price of Bitcoin (BTC) increased by 28% between March 12 and 14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the Consumer Price Index’s (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations. The inflation metric reached its lowest level since September 2021, which is a positive development, but it does not validate the United States Federal Reserve’s attempt to reduce the metric to 2%. Most likely, risk markets, such as stocks and cryptocurrencies, soared after regional…

Bitcoin derivatives suggest $26K resistance level won’t hold for long

The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price index’s (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations. The inflation metric reached its lowest level since September 2021, which is a positive development, but it does not validate the Federal Reserve’s attempt to reduce the metric to 2%. Most likely, risk markets, such as stocks and cryptocurrencies, soared after regional bank stocks recovered from…

Banking Crisis in U.S. Likely to Push Crypto Firms Offshore

“Bank Frick is reviewing every new onboarding case individually. We apply and have always applied the same strict standards in the crypto area as in the classic banking business. If all necessary local [know your customer/anti-money laundering] standards are fulfilled, it is also possible to onboard jurisdictions outside Europe,” Nicolas Marxer, Bank Frick’s head of blockchain banking, told CoinDesk. Source

LTC Back Above $80, DOGE Extends Gains Following Inflation Report – Market Updates Bitcoin News

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Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as prices of the token rose above $80.00 on Tuesday. Following a low of $75.20 to start the week, LTC/USD surged to an intraday peak of $86.34 earlier today.…

Bitcoin tops $26k following US inflation print

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Bitcoin, the most popular cryptocurrency, increased in price by 18% in the last 24 hours to surpass $26,000 just after the U.S. CPI report was published. The report showed that U.S. inflation slowed to 6% in February from 6.4% in January. Shortly after the news, bitcoin rose to $26,429 to hit a 9-month high. BTC hits 9-month high According to the Bureau of Labor Statistics (BLS), February inflation growth in the United States decreased from 0.5% in January to 0.4%, as predicted by experts. Per expectations, the annual inflation rate…

Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says

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The ongoing crisis of banks in the United States has many positive implications for Bitcoin (BTC), according to an executive at the hardware wallet firm Trezor. On March 14, Bitcoin broke $26,000, a price level not seen since June 2022, posting the biggest gains this year so far. The multi-month high followed a series of shocking events in the U.S. banking industry, with banks like Silicon Valley Bank (SVB), Silvergate and Signature shutting down operations. According to Trezor’s Bitcoin analyst Josef Tetek, the current sharp rise of Bitcoin price —…

10 important social media ‘don’ts’ for crypto and blockchain companies

Businesses across industries invest a lot of time and resources into building and cultivating their social media presences because of the big potential ROI. Social media marketing is a tool crypto and blockchain companies are quick to leverage — social media platforms offer a variety of audiences, prebuilt communities and global reach.  Still, it’s all too easy to make missteps in social media outreach, and an ill-considered post can go viral (in a very bad way) in an instant and cause lasting damage to a brand. Below, 10 members of…