Blog – Page 476

Faces Major Hurdle Near $115 –

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...

4DOT is making DeFi accessible to all crypto investors

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...

European Union To Ensure Russia Cannot Dodge Sanctions Through Crypto

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...

Ukraine Starts Accepting Dogecoin ($DOGE) Donations Amid War With Russia

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...

Crypto Investment Products’ AUM Rose to Nearly $45 Billion Last Month: Report

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...

‘Sanctioned’ Russia might trigger ‘potential scenarios’ for Bitcoin, Gold

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.

Hostile environments

Bitcoin has emerged lately as “digital gold,” giving its physical counterpart a run for its money. Year on year, Bitcoin outperformed gold and...

Ukraine’s Government Is Accepting Dogecoin Donations

Key Takeaways

Mykhailo Fedorov, Ukraine's Vice Prime Minister, tweeted today that the country would begin accepting Dogecoin donations. In just hours, Ukraine has received donations totaling 430,000 DOGE, an amount equivalent to $57,600. The country previously began to accept crypto donations in the form of Bitcoin, Ethereum, and USDT.

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The Ukrainian government is now accepting Dogecoin donations alongside other forms of cryptocurrency.

Fedorov Tags Elon Musk, Billy Markus

Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation tweeted the news on...

Fed Chairman Says There’s Room For Multiple Reserve Currencies

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.

Fed chair talks up the need for crypto regulations

While speaking before Congress today, Powell noted that the best option for government was to consider regulating cryptocurrencies. The Fed chair told members of the House Financial Service Committee that regulations need to be made for the crypto industry as soon...

Solana, no; Litecoin, no – Only alt investment product to see inflows was…

Bitcoin appeared to be recovering over the past two days after macro concerns worldwide had pushed the largest cryptocurrency to lose significant valuation, along with most other crypto assets. In fact, investors have been holding strong amidst the past week’s havoc, with digital asset flows registering renewed positive movement. In the last week of February, $38 million was poured into digital asset investment funds, “despite the ongoing turmoil in Eastern Europe”, noted CoinShares in its latest report. However, it also highlighted...

Arcade Launches Mission Pool Operator Program To Make P2E Gaming Rewards Accessible To All

New Castle, United States, 2nd March, 2022, GameFi platform Arcade expands its full-scale economic ecosystem for play-to-earn gaming through Mission Pool Operators. The Mission Pool Operator can lease NFTs to perform in-game activities, bringing more value to all Arcade participants. Arcade is on a mission to provide play-to-ear inclusion to a...