Markets

Bitcoin has surprised everyone once again. Last week, things seemed very bearish for risk assets as the Russian invasion started, followed by a massive collapse of the global markets and Bitcoin. Bitcoin’s price dropped rapidly, even breaking below the $36K level. However, demand came in, and the price was quickly pushed back above the mentioned support and rallied towards the $45K zone. Technical Analysis By: Edris Long-term: The Daily Chart The 50-day moving average was...

Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine. However, they imposed severe monetary sanctions on Russia, aiming to destabilize it and cut its financial connection with the Western world. The...

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The Russian ruble has lost significant value against both dollars and Bitcoin following sweeping sanctions from western nations, and the cutoff of major regional banks from SWIFT. Citizens are now flooding local ATMs with cash withdrawal requests while the Bank of Russia urges for calm. Ruble in ‘Free Fall’ After the markets opened on Monday, the dollar spiked to over 108 rubles, compared to just 83 rubles the week prior. Bitcoin is also soaring against the falling currency,...

The world’s leading digital asset exchange – Binance – does not intend to freeze the accounts of Russian-based individuals, a spokesman for the platform revealed. He further argued that “crypto is meant to provide greater financial freedom,” and such a move could oppose the concept of the industry. In-Line With Kraken Russia’s “special military operation” in Ukraine seems nowhere near an end as the tension between the two countries keeps escalating. As of the moment, the USA,...

Now that Russia has invaded Ukraine, many are worried that the United States could be entering the brink of war. We have made it clear to our enemies that if democracy is threatened anywhere in the world, the country will intervene. Warren Buffett – the mogul behind real estate giant Berkshire Hathaway – says that investors should avoid things like bitcoin and gold for now, and they should instead put all their money into stocks, as they are the safest bets in times of...

INTERNET CITY, DUBAI, Feb. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list MyCreditChain (MCC) on March 2, 2022. For all users of LBank Exchange, the MCC/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 2, 2022. The market for personal and credit data is growing explosively in today’s data-driven society. And yet, there are issues that need to be addressed on how the data is collected, processed and...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

Bitcoin hasn’t been doing too well as of late. The invasion of Ukraine by Russia and several other factors have caused the world’s number one digital currency by market cap to fall heavily over the past week or two, and now – according to Du Jun, the chief executive of crypto exchange Huobi – bitcoin isn’t likely to experience another bull run until the end of 2024. Du Jun of Huobi Thinks Bitcoin Will Stay Low for Nearly 3 Years Du Jun recently made headlines when he...

Bitcoin underwent some volatile days over the past week, facing its first geopolitical severe conflict throughout its relatively short lifetime. The macro fear has yet to cool down, but judging by the last few days, bitcoin surprised the investor with a huge bounce back from $34K. This buying pressure was from FTX and Bitfinex exchanges and pushed the price to $40K, in correlation with Wall Street’s Thursday reversal (Nasdaq saw a 7% intraday surge). The uncertainty and fear...