Month: February 2022

BTC close to $42K as bulls take on bears despite ‘macroeconomic uncertainty’

The notable thing about Bitcoin’s gains today is that they come despite the continuing uncertainty around the Russia-Ukraine conflict. Bitcoin (BTC) rose to highs of $41,680 on Monday amid renewed buying pressure across the crypto markets. The upside move is replicated in altcoins, with Ethereum (ETH) up 7% and trading above $2,800 while Solana (SOL) …

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BTC/RUB volume hits a 9 month high as Russians look for Ruble alternatives

Ruble-denominated Bitcoin volumes reached a 9-month high as investors fled to safe-haven assets. Most of the trading is on cryptocurrency exchange Binance, according to details cited by CoinDesk. More and more people have looked to buy Bitcoin and other cryptocurrencies across Russia and Ukraine amid the impact of war on local currencies, data shows. According …

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Highlights Feb 28: Crypto markets lower, healthcare with strong performance amid conflict

The crypto markets were lower this morning, with the majority of top 10 cryptos registering losses over the past 24 hours.  US stocks ended last week higher, despite the Russia-Ukraine conflict causing wild volatility in global markets. Healthcare stocks, a classic defensive play during uncertain times, performed strongly, with medical device companies Abbott Laboratories (+4.8% …

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NuCypher Price is rallying today, adding a quarter to its value: top places to buy

The native token of NuCypher, NU, has gained 25.37% in the last 24 hours. It is surging on news of its partner NuLink raising $4 million from a number of leading crypto investors, including Coincu Ventures and CypherVenture. Look no further than this short article for more information about it, if it’s worth investing in, …

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Bitcoin (BTC) regains crucial support despite intensified military confrontations in Ukraine

After falling sharply in today’s session, Bitcoin (BTC) has for now regained a crucial support zone. This comes as the military confrontation in Eastern Europe continues to intensify. It’s unclear how long BTC can stay above this point. Here are some highlights. Bitcoin had earlier fallen below the crucial support of $35000. The mega-cap coin …

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CryptoRuble: Russia could use cryptocurrency to evade Western sanctions

After anticipating a turn of events for a while, the die is finally cast. Earlier this week, Russia launched a large-scale invasion of neighbouring Ukraine after months of mounting tensions. The crypto market reacted violently and bitcoins (BTC) value plummeted. Many are now awaiting harsh sanctions to be announced by the West. According to experts, …

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Highlights Feb 25: Cryptos recover, UK100 ends deep in the red

Despite starting with noticeable declines yesterday, cryptos showed an impressive recovery over the past 24 hours.  London-listed firms with strong links to Russia dragged the UK100 (-2.26%) deep into the red yesterday. Investors sold out of Anglo-Russian miners Polymetal International (-36.07%) and Evraz (-30.28%) in droves, making them by far the index’s worst performers. US …

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SpookySwap soaring after Fantom-Revault integration: best places to buy SpookySwap

SpookySwap is an automated market-making decentralized exchange (DEX) for the Fantom Opera network. It is surging today, having gained 31% in the last 24 hours. Users can now provide liquidity for the Fantom-Revault trading pair on the DEX. This guide has all the information you need: what SpookySwap is, is it worth investing in, and …

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China’s Supreme Court declares crypto transactions as ‘illegal fundraising’

The court’s verdict makes use of virtual assets criminal and stipulates heavy prison sentences and penalties. The Supreme People’s Court, the apex court in China, on Thursday ruled that transacting virtual assets is “illegal fundraising.” The Supreme Court ruling comes with amendments to previous designations of various articles regarding the topic of crypto transactions. In …

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