207,000 Bitcoin (BTC) has been added to just four cryptocurrency exchanges. Net outflows from all other exchanges for the same period totaled 253,000 BTC. The bitcoin price fell below the pivot point of $40,000 and a 100-day simple moving average (SMA). The $37,000 support level was maintained by the bulls.
Lloyd Blankfein questioned why crypto was not experiencing higher inflows. The price of international oil benchmark Brent crude rose 18 percent. On March 7, the price of Bitcoin (BTC) remained close to its one-week lows as investors sought to protect their assets. BTC is now trading at roughly $38,700 after
Tortola, British Virgin Islands, 7th March, 2022, Chainwire The Metaverse is a new buzzword that refers to an alternate world powered by augmented reality, representing the real world where people can: socialize, work, play games, buy/sell real estate, and earn money through various means. The Metaverse and Blockchain-Gaming are a
Sam Bankman-Fried stated that his organization is alert for any suspected usage. More than 17 million Russians have invested in cryptocurrencies. As a result of Russia’s invasion of Ukraine, the U.S., Europe, and Japan are all discussing new steps to prevent Russia from using cryptocurrency as a way to avoid
Several governments are taking steps to prevent Russia from utilizing crypto. According to a study, the use of crypto weakens the effectiveness of U.S. sanctions. Neither Binance nor Coinbase, two of the largest cryptocurrency exchanges, think that crypto can be used to assist Russia to avoid Western sanctions. There have
Short-term and long-term holders have a wider disparity in this catastrophe. DeFi ‘Godfather’ Andre Cronje has quit the crypto sector. During the last few days, the value of Bitcoin has fallen sharply, virtually undoing the gains made in the previous week. Over the last four days alone, it lost $6.5K.
Several governmental institutions are collaborating with Tenaga to catch illicit miners. Experts also recommend smart meters and meter data management systems. The power utility company in Malaysia is suggesting new ways to combat the issue of escalating energy theft cases for Bitcoin mining in the nation. Bloomberg reports that Tenaga
This has sparked speculation that Russians may use crypto to do business. Russians, in general, are the ones most likely to switch to crypto. PayPal has announced that it will no longer be operating in Russia. The corporation chose this position to protest “Russia’s violent military aggression in Ukraine,” says
Over 450,000 GBTC shares were purchased in November 2021. The GBTC trust drew investors in at this time of back-to-back shocks to global markets. Data from Glassnode suggests that institutional investors are returning to acquire Grayscale Bitcoin Trust (GBTC) shares as the discount to the current price has increased to
The blocking of SWIFT for Russians, has also boosted Bitcoin activity in the country. Ethereum has gained 1.65% in the previous 24 hours. After a long string of losses, the global crypto market has reversed direction. Consequently, there was an increase in uncertainty and a subsequent decrease in its value.
