Category: Cryptocurrency News

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Hello r/Cryptocurrency! We are glad to host Kevin O’Leary again for a talk right here on March 14th, 2022 , 4-5 pm EST. Kevin will be discussing the recently issued EO by President Biden on cryptocurrencies, its implications for the market and the feedback to the EO from institutions and other entities in the crypto…
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The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank is reported to have commenced […]

The massive move upside appeared as a $165 million fund is launched by OKcoin to build apps on the Bitcoin blockchain using Stacks.

A large sum of money from a “Sleeping” Bitcoin was transferred after being dormant for more than a decade. Since the crisis between Russia and Ukraine and heightened pessimism about the future of the global economy, cryptocurrency values have been volatile. On Thursday, bitcoin’s price surged to a high of $42,592, after a two-day low of $38,300. After a brief period of optimism, BTC’s value returned to the $38K mark late Thursday. Related Article | Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin However, despite the market’s volatility, an old-school whale from 2010 opted to move a considerable amount of bitcoins. The term “whale” refers to any entity that has a considerable amount of tokens of a particular cryptocurrency. Bitcoin Roused From Deep Slumber A transfer of roughly 489.091 BTC valued at nearly $17 million from the bitcoin address “17QBW” has just been tracked. When the transaction was executed at block height 726,641 at 1:45 a.m., the blockchain parser Btcparser.com spotted it on March 10 (UTC). A total of 5,111 bitcoins were handled by the originating address from which the 1,000 BTC were sent between September 6, 2010, and July 12, 2011. Even though the 429 BTC spent on March 10, 2022 was initially received at the same time as the remaining 510.91 BTC, the owner waited more than a decade to transfer the 429 BTC, which was spent two days later on Halloween (October 31, 2010) that year. Crypto total market cap at $1.746 trillion on the daily chart | Source: TradingView.com ETH Whales Hold 2nd-Largest Stake in Crypto, Thanks To SHIB Meanwhile, despite being labelled a meme-coin, Shiba Inu continues to create a loud bark of sorts in the crypto field regularly. By the end of 2021, the platform’s user base had crossed the million-user mark. Almost the last several years, SHIB has gained over 200,000 new members. There are 1,198,043 Shiba Inu owners at the time of this writing. The amount of Shiba Inu transactions above $100,000 continues to break all-time highs, according to IntoTheBlock data. On February 9, the metric hit $389.89 million in revenue. Based on the report, these transactions accounted for 81% of the entire volume on the blockchain. Lifted By Whales SHIB’s success could not have been achieved without the help of dominant whales. When SHIB ($1.4 billion) surpassed FTT ($1.36 billion), the FTX exchange’s native coin, it became the largest cryptocurrency holder. SHIB is currently the second-largest Ethereum whales’ holding. Since the 2010 transfer of the bitcoin in hibernation, there hasn’t been a massive “awakening” of the crypto from that year — at least not yet. Related Article | South Korea Has A New President – And He Likes Crypto Featured image from AtoZ Markets, chart from TradingView.com

Celo aims to promote green use cases and rebalance its treasury with green asset-backed tokens with the help of Uniswap.

Bitcoin shows its penchant for peace once again as hope of a quicker end to hostilities sends BTC price action over $40,000.

The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators.