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Cryptocurrency markets are showing significant improvement in trading volume and price this Monday as Bitcoin and Ethereum price trade above support lines. After struggling over the weekend with low volume and a bearish downtrend, BTC and ETH are up 2% and 3% in the past 24 hours as the new week begins. Let’s look at … Read more
Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research covering the period since the start of the war in Ukraine. Industry experts behind the study say that bitcoin’s lower valuation and financial restrictions increasingly limiting access to the crypto market are the key reasons. Telegram Crypto … Read more
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business Binance, the … Read more
Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users … Read more
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the region. China Suggests Minting Asia-Wide … Read more
Cryptocurrency markets are again in the red, with the trading volume decreasing this Saturday significantly. After little change on Friday for Bitcoin and Ethereum, prices are down today as the market is taking a break. Bitcoin is trading at the low $19,000s while Ethereum is still below the $1,300 support range. Crypto Market Update The … Read more
The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in the global crypto ecosystem. Russians … Read more
After a Manhattan federal judge blasted Roche Freedman LLP founding partner Kyle Roche’s public statements, the judge has removed the crypto boutique law firm from the market manipulation lawsuit against Tether and Bitfinex. The recent hearing has shown that U.S. district judge, Katherine Polk Failla, believes the litigation process could be derailed. She further stressed … Read more
Crypto markets continue to show little change this Friday after losing value last night and most of this week. The global cryptocurrency market cap remains at $920 billion, up 1.94% in the past 24 hours. Bitcoin is trading at $19k, and Ethereum managed to rise back above the $1,300 support. Let’s look at relevant news … Read more
Crypto markets continue to show bearish momentum this Thursday as Bitcoin and Ethereum prices slide. BTC broke through the $19k support line, while Ethereum is below $1,300. The past week has been rough for crypto markets as BTC and ETH lost 5% and 7%, respectively. The likely culprit for the declining price is the underperformance … Read more