Crypto
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Bitcoin analysts eye crucial levels to hold after BTC price almost hits $45K, Ethereum $3K
Bitcoin (BTC) checked its latest gains at the Wall Street open on Mar. 1 as bulls sought to defend $44,000 highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC weekly gains hit 17% Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it declined from its local peak of $44,980 on Bitstamp at the opening bell. The second day of trading with armed conflict in Europe as its background, March 1 continued a surprisingly cool phase for U.S. equities, with only oil showing the knock-on effects of the Ukrainian war. Bitcoin, by contrast, held onto the majority of its advances, which had been rekindled in earnest on March 1. Versus the same time a week ago, BTC/USD was up 17% at the time of writing. Bitcoin since weaponized finance began with Russia. C...
Payment services provider Shift4 acquires The Giving Block for $54 million
According to an investor presentation published Tuesday, U.S.-based payment solutions provider Shift4 announced its acquisition of The Giving Block in cash and stock for $54 million, plus a potential earnout of up to $246 million. The Giving Block is an online platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations. As told by its annual report, the organization processed $69.64 million in crypto donations, an increase of 1,558% from 2020. Out of this amount, approximately $12.3 million came from donations by nonfungible token, or NFT, projects. Ether (ETH) became the most-popular crypto donated for the first time, accounting for nearly half of the total volume. Last month, The Giving Block provided Cointelegraph with a sample list of six char...
The current rally in the alt markets could be a bull trap, crypto expert warns
Widely-followed crypto analyst Crypto Capo has suggested that altcoin markets could collapse According to the crypto expert, Cardano (ADA) is obviously bearish Popular crypto strategist Crypto Capo has stated that he is not yet bullish on most altcoins, indicating that 99% of them are showing signs of a slump set to come soon. Addressing his Twitter following yesterday, the crypto trader spoke in retrospect to the recent upsurge in crypto markets crossing into the new month. Market leader Bitcoin cruised upwards of $43k, and as expected, several altcoins tagged along in growth. However, the pseudonymous crypto investor said that while altcoins undergo imminent market growth, the joy could be short-lived since they could well be leading investors into a bull trap. “Some people may think I’m...
The best tokens with the largest ecosystems that you can buy on March 1, 2022: SOL, NEAR, and FTM
Solana’s market cap saw an increase of 10% in the last 24 hours. Near’s market cap increased by 23%, and its trading volume increased by 160% in the last 24 hours. Fantom’s value increased by 16% in the last 24 hours, and its trading volume jumped by 41%. Solana SOL/USD, Near NEAR/USD, and Fantom FTM/USD are all blockchain projects which have some of the largest ecosystems of dApps surrounding them. Each ecosystem has a wide range of projects which have been built on top of the native blockchain network and will likely carry on with its growth. Should you buy Solana (SOL)? On March 1, 2022, Solana (SOL) had a value of $97.19. The all-time high value of Solana (SOL) was on November 6, 2021, when it reached a value of $259.96. When we go over the performance of the token last month, So...
Bitcoin accumulation among whales surges as crypto market rallies
Bitcoin saw a ballistic upswing late yesterday, peaking at $44,000 The number of wallets holding more than 1,000 BTC has risen in the last 24 hours Bitcoin had a fairly decent run in February compared to January, when it fell from $46.73k at the start of the year to $37.45k on the last day of the month. Last month, the flagship cryptocurrency mostly traded above $42k in the first two weeks before paring down in the third week. The correction was followed by a steep crash to a monthly low of $34,459 last Thursday. A renewed rally kicking off late yesterday has put the coin in an uptrend, reclaiming $44k. Along with the price gains, the number of holders in different groups (based on the amount of bitcoin they hold) has increased. Whales are taking up crypto at a faster rate Data from CoinMe...
Cambridge University launches crypto research project with IMF and BIS
The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research. The Cambridge Center for Alternative Finance, or CCAF, has launched a research initiative aiming to bring more insights on the rapidly growing digital asset industry, the CCAF announced to Cointelegraph on Monday. Dubbed the Cambridge Digital Assets Programme, or CDAP, the project is a public-private collaboration with 16 companies including public institutions like the Bank for International Settlements Innovation Hub and the International Monetary Fund. The initiative also includes banks like Goldman Sachs, financial giants like Mastercard and Visa, as well as major exchange-traded fund providers like Invesco. O...
Nifty News: One NFT per human in existence and the Pixelmon controversy
Dutch artist Dadara and digital rights management platform RAIRtech have developed a collection of 7.9 billion identical nonfungible tokens (NFTs). The collection, named CryptoGreymen, is on the Polygon (MATIC) Ethereum scaling network. Although each NFT is identical, they will be assigned a serial number of up to 7.9 billion to reflect the number of humans currently estimated to be living on the Earth. The collection is designed to be a social experiment that Dadara hopes “can rattle the cage of consensual reality and elevate conversation.” He said in an official announcement that the social experiment is simple, “No one specific NFT is better than another, and because the minting price is widely accessible it will be interesting to see what value each individual CryptoGreyman holder brin...
$300M in crypto liquidations accompanies Bitcoin’s surge to $44K
Bitcoin (BTC) hit $44,000 overnight on Mar. 1 as a rally that began Monday sparked unexpected results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders warns of “massive variables” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $44,250 on Bitstamp before consolidating, still above $43,000 at the time of writing. The move had come in two main bursts, beginning just prior to the Wall Street open. Against a highly uncertain macro backdrop, analysts had been hard-pressed to forecast what Bitcoin price action would do next, a mood that continued as local highs appeared. Yesterdays #BTC trade we took with the group. Didn’t expect it to run that hard tbh. Would have raised TP probably because I think it can...
Bitcoin ATM installations slow down in early 2022, making a first in history
Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year. Bitcoin ATM installations in the first two months of the year have historically increased year-over-year, as evidenced by data from Coin ATM Radar. The trend, however, breaks this year. Overall Bitcoin ATM installations. Source: Coin ATM Radar Considering only January and February 2022, a total of 1,817 crypto ATMs have been installed worldwide. In the same timeframe last year, 2,435 crypto ATMs were installed, which is 618 ATMs more when compared to this year. In...
Bitcoin closes in on $44k as crypto hype surges again
Crypto markets are recovering, with most tokens recording more than 5% in growth on the day Over the last few days, crypto has established a ‘haven’ status for both Russians and Ukraine Bitcoin marshalled altcoins across a generally positive Monday as the crypto markets recovered from the effects of Russia’s recent military action. The flagship cryptocurrency Bitcoin crossed $40k for the first time since 20th February. After only recently dipping to reach $34,904 as the markets crashed last Thursday, Bitcoin is now trading $43,775, a 16.1% growth in the last 24-hours. Its 24-hr volume sits at $28.70 billion, according to data from CoinGecko. Altcoin ecosystems have also seen significant growth in the same period. Smart-contracts giant Ethereum has gained 12.6% over the la...
US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government
The Treasury Department and reportedly the White House are warning U.S.-based companies and individuals not to facilitate crypto transactions sent to certain Russian nationals and banks. According to regulations from the Treasury Department’s Office of Foreign Assets Control scheduled to go into effect on March 1, U.S. residents may not use digital currencies to benefit Russia’s government — including the country’s central bank — as an attempt to circumvent U.S. sanctions in response to the invasion of Ukraine. The guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade sanctions. Treasury Secretary Janet Yellen said the department’s actions were aimed at “significantly limit[ing] Russia’s ability to use assets to finance its dest...
Ethereum price moves toward $3K, but pro traders choose not to add leverage
Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether’s price is down 24% for the year, and key overhead resistances lay ahead. Ethereum’s most pressing issue has been high network transaction fees and investors are increasingly worried that this will remain an issue even after the network integrates its long-awaited upgrades. For example, the 7-day network average transaction fee is still above $18, while the network value locked in smart contracts (TVL) decreased 25% to $111 billion between Jan. 1 and Feb. 27. This negative indicator could partially explain why Ether has been down-trending since early February. Ether/USD price at FTX. Source: TradingView The above channel current...
