Blog – Page 474

Turkish Lira Slumps Against Bitcoin As Inflation Blows Past 50%

The Turkish lira slipped against Bitcoin, hovering around a two-month low after data showed annual inflation skyrocketed in February. The lira has lost about 12% against the world’s largest cryptocurrency this week, data from Coingecko shows. The lira, currently trading at about 590,462 to Bitcoin, also lost about 7% to the dollar over the past week. Inflation accelerated at a record-high 54% in February, data from Tradingeconomics showed, while weekly volumes on BtcTurk, one of Turkey’s largest crypto exchanges, exceeded...

El Salvador President’s $1 Billion Bet on Bitcoin

On Thursday, American privately and publicly funded non-profit media organization National Public Radio (NPR) talked to a Salvdoran woman who owns a shop in the village of El Zonte, which started adopting Bitcoin as a payment method in 2019. As you may remember, the bill to make Bitcoin...

A pullback or a rally? This is where Cardano can go next

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Swiss cryptocurrency ADA witnessed a surge of nearly 100% within seven days in early February 2021. However, post-August, investors’ interest seems to have waned a little. Curiously, after February 2022, the coin has been siding with the bulls. In fact, according to a couple of on-chain metrics, there are convincing arguments that Cardano could be a good asset to buy...

Risk of Break Below $300 –

Bitcoin cash price started a fresh decline from the $344 resistance against the US Dollar. The price is now trading below the $310 zone and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $315 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $300 support in the near term. Bitcoin cash price is struggling below $310...

Coinbase Won’t Be Banning All Russian Users Says CEO Brian Armstrong

After two crypto exchanges Binance and Kraken refused a blanket ban on Russian users, Coinbase to joins them! An hour back, Coinbase CEO Brian Armstrong confirmed that they are not considering banning all Russian users from their platform. Crypto exchanges in the U.S. have come under pressure from lawmakers after reports that Russia might use crypto to curtail sanctions by the U.S. Coming clean on this matter, Armstrong wrote: “We are not preemptively banning all Russians from using...

P2P launches Evmos Staking – AMBCrypto

Evmos – a potential leader in Cosmos’ contribution to the web3 ecosystem – is now live! Evmos is a vital piece in the Cosmos ecosystem as it plans to bring a Cosmos SDK built, PoS blockchain that is compatible with Ethereum Virtual Machine (EVM) smart contracts. Evmos brings together the best of Cosmos and Ethereum. Cosmos’ high scalability with fast finality and high throughput is achieved through Tendermint PoS implementation and has one of the largest and most impressive ecosystems...

NFT Marketplace OpenSea Drops Users Amid Strict U.S. Sanctions

Ethereum-based NFT marketplace OpenSea has started dropping off users from its platform amid the ongoing U.S. Sanctions. This comes as exchanges have been asked to put a ban on Russian users following the recent harsh financial sanctions levied on Russia. However, some exchanges like Binance and Kraken have refused a blanket ban but said that they would sanction only individual entities and per the U.S. sanctions. The situation came to light as an Iranian artist @K1_Nazifi found that...

$SHIB Burn Party Organizer Wants Shiba Inu Community to Get Rid of 10% of Supply

Steven Cooper, CEO of cryptocurrency entertainment firm Bigger Entertainment, has clarified in a tweet that the company is looking to support the community of the meme-inspired cryptocurrency Shiba Inu (SHIB) in burning 10% of its supply. In a tweet, Cooper noted that before the start of the next...

Solana vs Ethereum? Here’s the winner when comparing AMM speeds

It’s no secret that crypto users love to race and compare speeds, but an evaluation of this kind is actually much harder than it sounds. To that end, an investigation by GM and Haseeb Qureshi from Dragonfly Capital delved into the question of whether Solana could take on an Ethereum Virtual Machine [EVM] compatible chain in a speed race. Quickly shooting down transaction-per-second rates, the two researchers instead decided to look at the speed of Automated Market Makers [AMMs]. To refresh...

Terra ($LUNA) Founder: ‘The Terra Protocol Will Be One of the Largest Holders of $BTC’

The founder of Terra ($LUNA) has recently suggested that the Terra Protocol will be one of the largest holders of the flagship cryptocurrency bitcoin ($BTC) as the project creates bitcoin-denominated reserves as an additional layer of security for its decentralized stablecoin UST. Earlier this year the Luna Foundation...