Tag Archives: btcusdt

Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operations Limited, the tech company behind the largest stablecoin by market capitalization, USDT. Tether and the City of Lugano plan to work toward the shared goal of scaling the city’s blockchain capabilities and transforming Lugano into a major hub for European DLT adoption. Plan ₿...

Nigel Green – CEO of deVere Group – believes the Russia-Ukraine conflict could be the catalyst that propels a surge for BTC’s price. The exec suggested that bitcoin reaching $50,000 by the end of March is not out of the question. BTC to Gain Traction Because of the War Despite the Russian invasion of Ukraine and the peace uncertainty across Europe, bitcoin’s price started climbing recently. The asset’s USD value is up by more than 15% over the last five days, as many argue...

Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following The Crash of The Ruble The military conflict in Ukraine changed the tides in the financial world drastically. NATO and the EU declared...

The past seven days had been a blast for Bitcoin, after soaring to the top of the trading range between $34K and $46K. However, it got sharply rejected, reaching the resistance zone amid the $45K area, along with an ascending trendline. Technical Analysis By: Shayan Long-Term: The Daily Chart Right now, there is potential selling liquidity above the $46K area and considerable buying liquidity below the $35K area. Moreover, there is an apparent divergence between the price and...

The government of Ukraine announced it will airdrop cryptocurrencies donated to the nation’s official wallet. Companies, non-governmental organizations, and individuals have already contributed over $30 million worth of digital assets to the country amid its ongoing war with Russia. Ukraine Has a Date for its Crypto Airdrop A few days after the launch of Russia’s “special military operation,” Ukraine started accepting cryptocurrencies as means of donation. Yesterday (March...

Mike Novogratz, CEO of digital assets company Galaxy Investment Partners, predicted that the Russia-Ukraine war will boost crypto adoption and lead to the marginalization of the dollar. “This is a big deal, in a lot of ways. This is starting the acceleration of de-dollarization of the world,” he commented.  The billionaire American investment banker made it clear in a tweet on February 25 that he stood with Ukraine in this war. He also shared a picture with Kyiv Mayor Vitali...

European Union lawmakers have removed a controversial paragraph that would have made all proof-of-work (PoW) based cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) illegal. Proposed Ban on PoW-Based Coins Deleted The Markets in Crypto-Assets (MiCA) framework, headed by Economic and Monetary Affairs (ECON) rapporteur – Stefan Berger – was originally scheduled for February 28. However, due to the vehement opposition over the language on the passage, fearing that it...

The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons and direct combats but also by striking them digitally. A few days ago, Mykhailo Fedorov – Ukraine’s Vice PR – announced the government will create an IT...

Large bitcoin investors, more specifically such holding at least 100 and 1,000 coins in a single wallet, have started accumulating once again in massive portions. At the same time, the so-called accumulation wallets – meaning those who were active lately but have not spent any BTC – charted a new all-time high. Bitcoin Whales on Buying Spree It’s safe to conclude that there’s a lot of uncertainty in today’s financial world. While humanity was about to reduce the impact of the...

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...