Hackers Steal NFT Monkeys on Top Ethereum Layer 2
Cardano’s (ADA) price extends the previous session’s decline on Thursday. ADA is on a massive downtrend since the record high was made on September 2. However, investors could seek discount buying opportunities near the crucial support level. On the contrary, a break below the critical support level will result in further selling in the asset. Cardano (ADA) price edges lower on Thursday. ADA is on the verge to break the $0.90 crucial support line to set a directional basis. Momentum oscillators...
Litecoin is struggling to clear the $115 resistance against the US Dollar. LTC price is now trading above $105 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $109 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start another decline if it trades below $109 and $105. Litecoin price is struggling below $115 against the US Dollar, similar to bitcoin. LTC price decline heavily if there is...
While the exponential growth of decentralized finance is evident from the increased awareness and utility, the industry still remains complex to navigate for new users. However, with the growing progress and growth, a new concept of decentralized finance has evolved as DeFi 3.0. DeFi 3.0 is a modular approach to decentralized finance in harmony with Web 3.0 with an aim to improve user participation using simplification. DeFi 3.0 is an initiative taken by several projects to promote a community-centric approach...
The European Union will ensure that Russia cannot use cryptocurrencies as a means to dodge strict economic sanctions, French Finance Minister Bruno le Maire said. His comments come amid widespread debate on the matter. Speaking at a press conference after a meeting of European finance ministers, le Maire said the recent sanctions against Russia had disorganized its financial system, and paralyzed the central bank. European leaders also agreed to increase financial aid to Ukraine. We have decided to work on complementary...
The Vice Prime Minister and Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, has revealed that the Ukrainian government is now accepting donations in the meme-inspired cryptocurrency Dogecoin ($DOGE) as it faces a Russian invasion. In a tweet, Fedorov shared he said that the value of the meme-inspired...
The total assets under management (AUM) of cryptocurrency investment products has risen in February to reach $44.9 billion as the prices of Bitcoin and Ethereum rose by 1.5% and 5.7% respectively last month. According to CryptoCompare’s new Digital Asset Management Review report, macro sentiment around risk-assets like equities...
Bitcoin and gold have been jousting in a long battle for supremacy over the year. With Russia invading Ukraine, financial markets across the world took a lot of heavy hits. For instance, Russia saw its stock market crash by over 45%. As expected, Bitcoin was not spared from this onslaught either. At least, for a while.
The US government is not ignoring the continued adoption that cryptocurrencies have been getting. Jerome Powell, the chair of the US Federal Reserve, noted that crypto could become another reserve currency.