Hi guys. If you don't already know it, this is the no-official newsletter about Curve Finance. If you don't have time to be 24-7 on Twitter. This is a good way to follow what is happening https://cryptouf.substack.com/p/whatup-on-curve-70 submitted by /u/cryptouf [link] [comments]
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Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines estimated to be worth 5 million yuan.
A Senegalese woman is empowering her community with Bitcoin, blockchain and a Bitcoin bakery idea that became a crypto fishery.
Cryptocurrencies are on the rise again, with some stability in sight. Over $1.7 trillion worth of cryptocurrency, the global market cap has increased by 0.51% today alone. It seems like the crypto markets are finally starting to recover. Bitcoin rose by 1.61%, while Ethereum also showed a slight uptrend in the recent 24 hours, going up 0.70%. The price of bitcoin is currently $38,900, and that for Ethereum stands at about USD 2570 per coin. Related Reading | TA: Ethereum Could Avoid a Major Downtrend if it Closes Above One Key Level The dollar’s status as the world’s reserve currency has been challenged recently by economic uncertainty in Europe and weak growth forecasts for America. Still, it seems to be holding up well so far. Tether rose 0.02%, while Binance coin BNB showed significant gains with an increase of 4.57%. The USDC stable coin has made a significant uptrend and is up by 0.09%. This move towards stability in the crypto world shows signs of hope for long-term success. The price of Terra LUNA has crashed, but it’s still holding steady at around $81.52 with a 2.81% gain after recovering slightly from its Monday morning plunge, which saw the value go down 9%. XRP, the cryptocurrency that powers Ripple’s payment system and currency exchange app, showed slight upward movement. XRP went up by 1.95 percent in the last 24 hours of trading. The Cardano blockchain is often called an Ethereum killer, and it’s shown a slight 0.34% uptrend today. The price of Solana went up by 2.39%. Avalanche also experienced a 3.73% rise. Top Gainers And Losers Of The Crypto Markets The crypto-currency market saw significant changes over the past week, with Elon Musk’s favorite cryptocurrency, Dogecoin, becoming the 11th largest by value. It overtook Terra USD and took its place as one of the favorite coins on exchanges. Today, some of the biggest winners were tokens such as Kaizen Inu, which increased 552.75%, and ZUM token that saw a whopping 314%. They both experienced crashes over 75% on Monday, but they still managed to gain under 100x what was lost yesterday. Other high flyers include Magic Ethereum Money, with a 100 percent increase. In addition, metaverse PRO has added 100% to its value. Related Reading | TA: Bitcoin Faces Uphill Task, Why BTC Bears Are Still In Control Tokens like the Fantasm SM, Spook Inu, Bastille De La Bouje, and Meta Doctor all fell by over 75 percent. Since last week, donations to Ukraine have slowed down, but that doesn’t mean donations from cryptocurrencies are any less valuable. In fact, they’ve been more frequent than ever before, with $59 million worth of crypto donated so far. The Russia-Ukraine conflict may be the first crypto war since Ukraine has amassed so much in digital aid and also due to concerns that Russia will use cryptocurrency to evade sanctions. According to Chainlysis, Ukraine ranks fourth worldwide when it comes down to crypto adoption. The country currently accept donations of Bitcoin Ethereum Tether or Dogecoin, Featured image from Pixabay, chart from Tradingview.com
The crypto market is still reeling as a result of risk aversion triggered by Russia’s invasion of Ukraine. On Monday, Bitcoin (BTC) fell for the sixth time in six days. It has again failed to break beyond the $40,000 barrier. Bitcoin peaked at $39,536 before plummeting to a low of $37,192. It completed the day around $38,850, having found support at $37,000. The news that the White House is set to issue the long-awaited crypto executive order shook crypto proponents on Monday. Crypto EO Comin’ Up According to a source close to the matter, United States President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury, and other agencies to examine the legal and economic consequences of creating a US central bank digital currency. The broader cryptocurrency market had a turbulent day. BNB outperformed the market, rising 1.51%, while ADA (-3.51%) and SOL (-3.41%) underperformed. AVAX (-0.96%), ETH (-2.31%), LUNA (-1.72%), and XRP (-0.56%) have all declined in tandem with Bitcoin. BTC total market cap at $740.16 billion on the daily chart | Source: TradingView.com Related Article | Bitcoin Prices Dragged Down By Geopolitical Tensions, Ukraine Nuke Plant Bombing EO To Ban Crypto? According to reports, Biden will sign an EO banning or limiting cryptocurrencies. The move comes in the face of growing concern about Russian elites’ use of cryptocurrencies to avoid Western sanctions that have cut Russia off from large parts of the global economy, and moves by China and other countries to develop their cryptocurrencies. There is a possibility that this will be the first step toward the formation of a CBDC. An administration official, according to a source, said that such a move would have broad support from within Biden’s inner circles. Related Article | Bitcoin Falls Back To $38,000 As Russia Steps Up Bombardment Of Ukraine Following Biden’s directive, the Justice Department said it would look into whether new legislation is required to establish a new currency, with the Federal Trade Commission, the Consumer Financial Protection Bureau, and other agencies analyzing the effect on consumers. It is expected that further study will be conducted on the role that cryptocurrencies will have on the broader market and the environmental impact of bitcoin mining in the future, according to the source. Last year, US Treasury Secretary Janet Yellen warned of an “explosion of danger” from digital markets, particularly the abuse of cryptocurrencies, but she also said that new financial technology may be useful in the battle against crime and injustice in the country. Wozniak Supports Bitcoin Meanwhile, Apple co-founder Steve Wozniak refers to Bitcoin as “pure-gold mathematics,” and the rationale demonstrates why crypto may be here to stay. Wozniak said he supports bitcoin but is skeptical about alternative cryptocurrencies and non-fungible tokens. Although he did not explain why he is interested in Bitcoin’s mathematics, he most likely appreciates that the calculations appear to help provide a technical explanation for Bitcoin’s supposed stability compared to the yellow metal. In an interview with Bloomberg, he said that the crypto market had reached “roughly $2 trillion in round numbers.” “It’s simply pure mathematics,” he said. Featured image from Al Bawaba, chart from TradingvView.com
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because the exchanges are not registered to offer derivatives in the country. Exchanges Not Registered to Offer Derivative Products […]
