Bitcoin (BTC) rallied above $41,000 on Feb. 28 in a new sign of buying sentiment returning after last week’s brutal selloff across the risk-on markets, including the S&P 500. BTC’s price jumped by over 9% to reach $41,300 in part as traders reacted to the ongoing development in the Russia-Ukraine crisis. In doing so, the cryptocurrency briefly broke its correlation…
The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’ accounts” while Kraken says it is “not really a viable business option for us.” Ukraine Wants Accounts of All…
Bitcoin is currently trading above $40,000 for the first time since February 20, 2022, according to data from CoinMarketCap. The flagship cryptocurrency’s price of roughly $41,000 represents a near 5% rise in the last 24 hours, and 7% jump during the last week—a period defined by market instability amid Russia’s invasion of Ukraine. Following Russia’s invasion, which began on February…
The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws. According to a Monday report from Reuters, the SEC director of the agency’s division of enforcement, Gurbir Grewal, said the agency may view crypto companies’ conduct “more favorably” if they reach out first for…
State Street, the largest asset custodian in the world, plans to launch a custodial service for bitcoin and other digital assets. Globally Systemically Important Financial Institution (G-SIFI) State Street has regulatory hurdles. VP and head of State Street digital says market will “take comfort” from largest custodian in the world offering digital custody of assets State Street Corporation, an institutional…
Ruble/Bitcoin trading volume has surged to nine-month highs as the Russian currency collapsed against the dollar in the wake of Russia’s invasion of Ukraine. According to data by blockchain analytics company Kaiko, published in Coindesk, ruble-denominated Bitcoin trades blew up by as much as $1.5 billion on Thursday. The bulk of the activity was concentrated on Binance, confirmed Kaiko research…
Bitcoin (BTC) got a boost from the start of Wall Street trading Feb. 28 as U.S. stocks opened to a defining week for markets amid geopolitical tensions. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders eye BTC exit beyound $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $40,560 on Bitstamp after the opening bell Monday. The move…
Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week. Bitcoin Bitcoin ended two consecutive sessions of decline to start the week, as the world’s largest cryptocurrency seemed to have found…
Based on data gathered by Cointelegraph, the amount of tracked crypto donations sent to the Ukrainian government, military, and charities has surpassed $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT), and other altcoins. The numbers are also based on tracked projects and do not account for items such as donation efforts between individuals.…
The Israeli Defense Ministry has announced the seizure of digital wallets containing cryptocurrency allegedly intended to fund the terrorist group Hamas. Israel’s Defense Minister Benny Gantz signed a seizure order for 30 wallets containing tens of thousands of shekels linked to 12 digital accounts, according to a press statement issued by the National Bureau for Counter Terror Financing of Israel…
