Tag Archives: featured1

Last weekend marked the second anniversary of the notorious COVID-19-induced bitcoin crash in which the asset dumped by 50% in a day to below $4,000. While many naysayers rushed to declare BTC’s death (again), the subsequent 24 months turned out to be quite positive, given the fact that the asset added another zero to its USD price, was adopted by numerous institutional investors, and even legalized in a country. What Happened Back Then? It has been two years, but it almost...

After weeks of debates and delays, the EU has voted against banning the use and mining of proof of work digital assets, such as bitcoin and ether. CryptoPotato reported earlier the Markets in Crypto Assets (MiCA) framework developed by the European Union, which had one rather threatening note that sought the de facto ban of PoW cryptocurrencies. The digital asset community, led by MicroStrategy’s Michael Saylor, opposed the draft, saying it could become a trillion-dollar...

The cryptocurrency market failed to deliver any significant movements in the past 24 hours as the majority of coins are trading flat with no real discrepancies. There are, of course, a few exceptions, so let’s unpack. Bitcoin Price Flat at $39K As seen in the chart below, the past 24 hours were finally a bit less volatile compared to previous periods. With one exception where BTC’s price dipped towards $38,500, the primary cryptocurrency has been trading around $39,000 for...

The Lower House of Russia’s Parliament – State Duma – has reportedly called upon establishing a regulatory framework on cryptocurrencies rather than imposing a blanket ban on them. The authorities joined the likes of the Finance Ministry, which urged for the same thing. The Never-Ending Saga Earlier this year, the Bank of Russia – the central banking institution of the largest country by landmass – reiterated its negative stance on the crypto sector. It called it a pyramid...

Bitcoin’s price continues to consolidate and has failed to produce a meaningful and sustained movement in any direction. Meanwhile, Ripple’s XRP is the only altcoin in the top 10 that’s charting a serious increase. Bitcoin Consolidation Continues Over the past 24 hours, Bitcoin’s price failed to produce any meaningful and sustained move in either direction and is pretty much trading right where it was yesterday during this time – at around $39,000. This doesn’t mean that we...

The cryptocurrency market went through some massive volatility throughout the past week. This was largely induced by President Joe Biden’s executive order on digital assets, US inflation numbers coming up, and the ongoing war between Russia and Ukraine. Let’s unpack. Bitcoin’s price was trading at around $41,000 this time last week but quickly headed south and dropped towards $39K on Saturday. What followed was a few days of choppy sideways action, and BTC even declined to...

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

The past week went over the flag of war taking place in Europe following Russia’s invasion of Ukraine. All eyes were on the conflict while global markets and cryptocurrencies were as volatile as ever. Let’s start with Bitcoin. Last week this time, things were looking relatively calm for Bitcoin despite the ongoing war between Russia and Ukraine. At that time, major economic forces such as the EU and the US hadn’t yet enforced any serious sanctions as most of them were still...

With the substantial growth of the Ethereum network, numerous similar systems allowing smart contract deployment emerged trying to compete. While many of them kept outlining shining plans to become Ethereum killers, some remained silent and focused on growth instead of bragging rights. This seems to be the case with Tezos – a decentralized open-source blockchain executing peer-to-peer transactions that saw the light of day nearly four years ago. It has stayed below the radar...

The cryptocurrency and financial markets took a severe hit shortly after Putin ordered a “special military operation” on the territory of Ukraine. However, the markets are pricing the future, and following Biden’s speech that confirmed the US would not apply any severe sanctions – global markets and crypto quickly recovered. Thursday saw a 7% intra-day gain in wall street, and Friday also saw a green spike on Wall Street’s screens. The primary digital asset currently hovers...