Bitcoin (BTC) plunged to below $38,000 on Monday, giving up all the gains it had made last week, which saw BTC/USD rally over $45,000. BTC back below $40K as oil soars The losses appeared primarily in part due to selloffs across the risk-on markets, led by the 18% rise in international oil benchmark Brent crude to almost $139 per barrel early…
Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that interested parties are showing in minting the asset. Terra UST Issuance Reaches…
Bitcoin (BTC) stayed near one-week lows on March 7 as a flight to safety among investors did crypto markets no favors. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Gold, dollar spell sour times for stocks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing at around $37,600 overnight before tracking around $1,000 higher. The pair had faced pressure into the…
The U.S. pharmacy chain CVS is filing to trademark its products in the metaverse, according to the company’s filing with the U.S. Patent Trade Office. According to the filing, CVS is pursuing a patent for “downloadable virtual goods, namely, a variety of consumer goods, prescription drugs, health, wellness, beauty and personal care products and general merchandise for use online and…
Modern tools can improve the earning process by diversifying asset exposure and empowering AI for quicker reaction times. Although DeFi returns appear promising, investors must continue to air on the side of caution and remember even in DeFi, “get-rich-quick” schemes do not exist. Instead, a minimum level of awareness on topics such as how the blockchain works and what an…
The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC). The new venture called FTX Europe would offer leading products of the company to the European clients via a licensed investment firm across the European economic area. The new European venture is headquartered in Switzerland along…
The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membership of three sanctioned Russian banks. LBMA Accreditation The London Bullion Market Association (LBMA) has requested six Russian gold refiners on its good delivery…
Bitcoin (BTC) price struggled to overcome $40,000 resistance over the weekend and currently trading just above $38,000. At a time when BTC is hovering at a 40% discount from all-time highs, whales have started accumulating more stablecoins. According to data from Sentiment, stablecoin whales with wallet holdings of 10,000 to 10 million Tether (USDT) have accumulated over $1 billion in buying power…
Coinbase has said it has blocked over 25,000 addresses related to Russian individuals or entities believed to be engaged in illicit activity. The exchange added that these accounts were identified through its own “proactive investigations” and that the addresses have been shared with the U.S. government to “further support sanctions enforcement.” “In the past few weeks, governments around the world…
The crypto industry’s seventh-largest exchange, FTX, is launching a new European affiliate: FTX Europe. Following approval from Cyprus’ financial regulator CySec, FTX Europe will begin serving users across the continent. Marketing materials also indicate that the exchange’s latest push will include the Middle East, though it’s unclear which countries that would include. This is the second affiliate of the original FTX…
