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BTC Turns Green Above $42K –

Bitcoin price started a fresh increase from the $34,500 support against the US Dollar. The price is now trading above $40,000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $41,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $44,750 and then $45,800 to continue higher in the near term. Bitcoin price climbed higher above the $40,000 resistance against the US Dollar. BTC even...

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Terra’s LUNA Topples Ethereum 2.0 For the Number 2 Spot by Staking Market Cap

Terra’s native cryptocurrency LUNA has witnessed a strong rally despite the market volatility in recent times. The LUNA crypto is aiming a move to its new all-time high and is currently trading 7.5% up at a price of $95.36 with a market cap of $35.7 billion. With the recent move, Terra’s LUNA becomes the second-largest Proof-of-Stake (PoS) network by staking rewards toppling giants like Ethereum 2.0, as per the latest data from staking rewards. Terra $LUNA is now the 2nd...

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Russia-Ukraine War Can Boost Crypto and Blunt the USD

Former Goldman Sachs hedge fund manager and crypto billionaire Mike Novogratz has recently weighed on the crypto market situation amid the ongoing Russia-Ukraine war crisis. Speaking to Bloomberg on Tuesday, March 1, Novogratz said that the Russia-Ukraine war will serve as a potential booster to Bitcoin and crypto while moving people away from the U.S. Dollar. Russia has been facing severe sanctions with the world isolating the aggressor from the global financial system SWIFT. As a result, the Russian ruble has...

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This Dogecoin spin-off once rallied by 4,276%, but still continues to surprise

Dogelon Mars needs no introduction, yet it needs an introduction. Despite being one of the top performers of 2021, the memecoin maintains its value of nothing. The Dogecoin-inspired token might be highly in demand at the moment. Still, its utility is as good as that of any other crypto at the end of the day.

Dogelon Mars won’t take off

When a coin happens to be valued at $0.0000008264, no one really cares about it. But because this meme token’s name is...

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EU Revises Legislation Targeting Proof-of-Work Crypto Mining

Key Takeaways

A European law that proposes restrictions on environmentally unsustainable consensus mechanisms has been revised. That law could have conceivably restricted the use of Bitcoin and other mining-based cryptocurrencies prior to revision. Stefan Berger, a member of the European Parliament, confirmed that the relevant text has been removed.

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A piece of European regulation has been revised to remove language that proposed a ban on mining-based cryptocurrencies.

MiCA Regulations Targeted Crypto Mining

Language in a piece of legislation that was interpreted as problematic...

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These indications suggest HODLing may be the best way to go in MATIC

As foreseen in the previous article, MATIC continued its downward trajectory towards the 61.8% Fibonacci support while breaking down from the bearish flag on its daily chart. From here on, MATIC aimed to retest the crucial $1.45-$1.52 range near its Point of control (POC, red) before positioning itself to make a trend committal move. If the bulls fail to step in this range and counter the sell-off, the alt would likely succumb to its prevalent bearish tendencies. At press time,...

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Ukrainian Government Endorses AidForUkraine DAO

Key Takeaways

AidForUkraine, a new DAO supporting Ukraine’s defense efforts, has launched. AidForUkraine is a joint effort between the Solana Foundation, Everstake, and the government of Ukraine. It is a further step in Ukraine’s efforts toward garnering crypto donations from all over the world.

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AidForUkraine, a decentralized autonomous organization that aims to support Ukraine’s defense efforts, has launched. It is backed by the Solana Foundation, the Everstake Pool (a staking platform focused on Proof-of-Stake blockchains), and the the Ukrainian government. 

War...

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