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Ether, the second-largest cryptocurrency by market value, rose nearly 2% to $2,920, having jumped 13% last week, the biggest gain in six weeks. Traders talking to CryptoX said Ethereum's impending proof-of-work and proof-of-stake mechanism would have bullish implications for the programmable blockchain's native token, ether. Source
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Terra founder Do Kwon hinted at a future purchase of $3 billion worth of bitcoin to supply the reserves of the protocol in a recent Twitter Space shared with bitcoin enthusiast Udi Wertheimer. In the same Space, Do Kwon explained the new mechanics that the Terra ecosystem is introducing in
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Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders patiently await paradigm shiftData from Cointelegraph Markets Pro and TradingView showed BTC/USD preserving $40,000 support overnight and with it, the area highlighted
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“American Express is always monitoring emerging technologies to see how they could benefit our customers, and the metaverse is a space we’re following,” an Amex spokesman told CryptoX when asked about the company’s metaverse plans. “We have no plans to share at this time but are watching as this space
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Bitcoin (BTC) further tested $38,000 overnight as the weekend began with uncertainty among traders.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView3-day chart could be "precursor" for weekly Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $39,000 after several attempts to break $38,000 support.The pair had also seen a brief spurt
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With the price of the meme-based token Dogecoin (DOGE) higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. Ukraine's Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped significantly
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Lael Brainard, a member of the Federal Reserve’s Board of Governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments.In remarks prepared for the U.S Monetary Policy Forum in New York on Friday, Brainard said
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Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.”In a Tuesday letter from Gensler addressed to Minnesota Representative Tom Emmer, the SEC chair hinted that the regulatory body was no closer
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"Sophisticated passive buying" on Bitcoin (BTC) spot exchanges coincides with the trend of BTC leaving exchanges to cold storage.Adjusted Bitcoin supply shock. Source: Willy WooThe price recovery witnessed in the Bitcoin market across the last two weeks coincided with a rise in hodlers and speculative investors selling their coins, according
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Ricardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he
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