Bitcoin

Bitcoin Breaks Key Support, Why BTC Could Dive Below $40K

Bitcoin started a fresh decline from well above the $44,000 level against the US Dollar. BTC broke the $42,500 support and remains at a risk of more downsides. Bitcoin traded below an important support zone at $42,500. The price is trading below $42,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance …

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Cointelegraph Magazine

Russia to regulate digital assets as currency, McDonald’s eyes the metaverse, YouTube to adopt NFTs and XRP pumps 30%: Hodler’s Digest, Feb. 6-12

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekRussian government and central bank agree to treat Bitcoin as currencyThe Russian government and central bank made …

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Cointelegraph Magazine

Gen Y can use tokens to get on the property ladder – Cointelegraph Magazine

The explosive combination of blockchain and physical assets is making a real difference in how young people can access traditionally illiquid, expensive and slow-moving physical assets such as property. Formerly a once or twice in a lifetime purchase for most people, this lucrative investment opportunity is now being democratized so everyone can share in the wealth.This is important because many …

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rbi

RBI Calls Crypto A Threat To India’s Financial Stability

RBI Governor, Shaktikanta Das has stated that private currencies such as cryptocurrencies are a threat to the country’s financial stability. The criticism against cryptocurrencies in a way is to caution and deter investors from trading as this asset class poses certain kinds of risks. Das, also mentioned in his censure that cryptocurrencies do not have any underlying value as they …

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Terra Secures Sports Sponsorship Deal With MLB’s Washington Nationals

In what can likely be labeled as the first DAO vote on a sports sponsorship deal in history, Terra has formally announced their new sports sponsorship deal with Major League Baseball’s Washington Nationals. While the MLB deals with an ongoing lockout, Terra has solidified their first-ever sports engagement, marking a major milestone for the growing blockchain. According to the formal …

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Bitcoin

Why Bitcoin is At Risk of Drop Below $42,500 In Short-term

Bitcoin extended increase above the $44,000 resistance zone against the US Dollar. BTC is correcting gains and might decline further if it breaks the $42,800 support. Bitcoin extended gains and even climbed above the $45,000 resistance zone. The price is trading above $42,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line …

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Cointelegraph Magazine

Charity hack fixes your crypto CGT bill: Endaoment – Cointelegraph Magazine

Robbie Heeger’s Endaoment has facilitated the donation of over $30 million of cryptocurrency to 243 different charities. These donations come from altruistic cryptocurrency investors who are also partly motivated by reducing their tax burdens to Uncle Sam and keeping more of their profits.Born in Silicon Valley, Heeger, now in his early 30’s, was exposed to entrepreneurship from a young age. …

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Ethereum

Next Bullish Levels Traders Should Watch

Ethereum gained bullish momentum and cleared the $3,000 resistance against the US Dollar. ETH price is rising, but it could face hurdles near the $3,200 level. Ethereum found support and started a strong increase above the $3,000 level. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish …

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Crypto Corner: The Sports Slice

This past week was host to the first-ever sports sponsorship proposal in a major crypto ecosystem (with a major sports tie as well) – but why stop there? Sports Illustrated is following many other traditional magazine publications (such as SLAM) to go into the NFT space, Nike and StockX are battling it out, and there’s an Olympic-sized NFT game hitting …

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