Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices. Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the early hours of April 14, the price of Bitcoin (BTC) was slammed back below
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Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners. Chamber
An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDC). Chamber president Sergei Katyrin sent a letter to Russian Prime Minister Mikhail Mishustin, providing a set of proposals for developing cooperation with African countries, the local state-backed publication TASS
Bitcoin and Ethereum had led the market in the recent price decline. It has led to a lot of profit-taking on the part of investors that want to avoid incurring more losses in the long term. Nevertheless, investors remain undeterred as they continue to accumulate coins. The result of this has been intense outflows for
North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence
A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges. Indian Exchanges Stop Offering Major Payment Options Options to deposit Indian rupees
Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices.” While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization
Charts show the Bitcoin 600-day moving average (MA) has once again met with the BTC price curve, will the line act as support for the crypto once again? Bitcoin Price Curve Is Once Again Touching The 600-Day MA As pointed out by an analyst in a CryptoQuant post, the BTC price has once more dropped
As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter, Joe Hall sat down for an in-depth interview with the Chief technology officer
An advertising agency from the United Arab Emirates (UAE) and a non-governmental organization have launched a campaign that seeks to raise funds for jailed Egyptian women via the sale of non-fungible tokens (NFTs). The funds raised are already being used to pay off their debts, allowing the imprisoned women to leave jail. Raised Funds to
Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981. Crypto Fear & Greed Index. Source: Alternative.me Data from Cointelegraph Markets Pro and TradingView shows that
Data shows the number of active Bitcoin entities has been steadily going up, but the growth pattern still remains in the bear market channel. Number Of Active Bitcoin Entities Continues To Remain In Bear Market Channel As per the latest weekly report from Glassnode, the number of active BTC entities has observed a persistent user
Ethereum developer Virgil Griffith took a plea deal after breaking sanctions against North Korea and was formally sentenced earlier today— the final chapter in a two-year journey as bizarre as it is shocking. Journalist Ethan Lou, author of Once a Bitcoin Miner, attended the infamous event in North Korea at which Griffith spoke. He was
During the first quarter of 2022, Bitcoin’s hashrate averaged between 180 to 200 exahash per second (EH/s) and during the course of that time, 13,233 block rewards were found by 16 mining pools. According to three-month statistics, Foundry USA was the network’s top mining pool in terms of hashrate percentage, as the bitcoin mining operation
A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa. Crypto exchange KuCoin’s “Into the Cryptoverse Report” highlights that many Nigerian citizens have started using cryptocurrencies as a viable alternative to store and transfer assets. According to the report, 35% of the
Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below the $3,000 level for the first time since March 22. BTC was trading at $39,783 at the time of writing, while Ether (ETH) fell to $2,978.54, according to Coingecko