Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions. Source
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Anthony Scaramucci Reveals Buying Crypto During Crash, Suggests Staying Disciplined
Many crypto investors have sold their assets due to the ongoing market volatility. However, the effects of the crash are still reverberating across all the exchanges and crypto firms. Some lost liquidity and couldn’t sustain users’ demands, while others downsized their staff capacity. Some investors seized the chance to add to
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More People To Show Interest In Crypto In 2022, Survey Suggests
Bank Of America conducted research in early June after the LUNA crash to determine the market sentiment towards Crypto. Surprisingly, the result showed that people are still planning to buy HODL and even use Crypto for online transactions. This result is surprising because the crypto community is still reeling from the
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Ethereum price falls below $1.1K and data suggests the bottom is still a ways away
Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021.More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14,
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SEC Chair Gensler Suggests Lummis-Gillibrand Bill May ‘Undermine’ Market Protections
"Frankly, if I can turn away from the legislation, we don't want to undermine the protections we have in a $100 trillion capital market. You don't want our current stock exchanges, our current mutual funds, our current public companies [to] sort of inadvertently by a stroke of a pen say
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Ethereum’s Vitalik Opposes New York State’s Ban on PoW Mining, Suggests Carbon Pricing as an Alternative Solution
Summary: Vitalik Buterin opposes the banning of Proof-of-Work mining operations by governments. According to Vitalik, governments picking and choosing which specific applications should use electricity or not is a bad idea. He proposes the implementation of carbon pricing as an alternative solution to banning PoW mining. Vitalik was commenting on the news that the
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Bitcoin NUL Suggests More Downside To Come Before The Bottom
On-chain data shows the Bitcoin NUL indicator is still below a value of 0.5, a sign that more downtrend could be in store for the crypto before the bottom is in. Bitcoin Net Unrealized Loss Surges Up, But Still Remains Below 0.5 As pointed out by an analyst in a CryptoQuant post,
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Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests
Bitcoin's (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling.Notably, the number of Bitcoin under Coinbase Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors
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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests – Mining Bitcoin News
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital
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Solana, Dogecoin Tokens Dip as Futures Suggests Bearish Sentiment
Yields on a three-month rolling basis for futures hover over around 3.1% for both assets, which “is historically very low,” Glassnode said. Such yields are generated when there is mispricing between an asset’s spot and futures price. Traders go long on the underlying asset and short its, or a related
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