Author: Donald Munn
The fifth cover of The NFT Magazine will feature an NFT created by Antoni Tudisco and it will be available on OpenSea starting from March 2nd, 2022. For Readers Club Members (people who bought a previous issue of The NFT Magazine) or people who subscribed to the newsletter, on thenftmag.io it is possible to buy the Antoni Tudisco cover now, in pre-sale. More info about The NFT Magazine The NFT Magazine, created by cryptodailynews24.com and Italian company Artrights, has already sold thousands of copies during its first four issues. The first issue of The NFT Magazine had an important artist…
Bitcoin bullish Bitcoin’s price bullishly engulfed to start the first candle of the new week and concluded its daily session +$5,468. The first chart we’re analyzing today is the BTC/USD 1D chart below from viparmenia. Traders will note that BTC’s price is bumping up against the 38.20% fib level [$40,244.8] as bullish BTC market participants sent its price higher during Monday’s daily candle. Bitcoin bulls have a secondary target of 50.00% [$44,627.4] with a third target of 61.80% [$49,487.2]. Bullish BTC market participants sent its price higher during Monday’s daily candle Bearish BTC traders are aiming to send BTC’s…
Tesla is the second-largest company in the world in terms of the amount of Bitcoin it owns, behind MicroStrategy. The value of Tesla’s Bitcoin At the end of 2021, Tesla claimed to own nearly $2 billion worth of BTC, but in the meantime, their value has dropped significantly. Its current price of less than $40,000 may be in line with its purchase price, given that the company bought Bitcoin between late January and early February last year. According to some assumptions, its average purchase price would be around $35,000, while according to others it would be around $40,000. Will Tesla…
SPONSORED POST Bitcoin, Ethereum and other cryptocurrency prices have swung wildly over the last week as Russia’s invasion of Ukraine sends shockwaves through global markets. After the war, Bitcoin resurged to 39K and remained in a positive zone above the $38K pivot level. Cryptocurrencies have also become defensive assets in this war. Cryptocurrency in Russia-Ukraine war Bitcoin could help Russia evade economic sanctions On Feb 26, the US and its Western allies blocked certain Russian banks’ access to the SWIFT international payment system, ratcheting up the pressure on Moscow as it continues its military attack on Ukraine. More and more…
The lawsuit between Ripple and the SEC has a new chapter, the so-called Estabrook notes. These are notes about a meeting that took place in 2018 between Ripple Labs CEO Brad Garlinghouse and a SEC commissioner, Elad Roisman. However, the SEC has objected to the use of these documents. Estabrook notes intrude into the Ripple SEC lawsuit It was on November 9, 2018 when Brad Garlinghouse met with Commissioner Roisman with whom he evidently talked about XRP itself. According to the SEC, the outcome of that meeting, contained in the Estabrook notes, does not need to be disclosed, because Garlinghouse…
As the effects of international sanctions against Moscow for starting the war between Russia and Ukraine are awaited, the local Central Bank is taking its first countermeasures. These include raising the exchange rate between the ruble and the dollar. Fleeing the ruble: the exchange rate against the dollar rises According to local newspaper Tass, the Central Bank of Russia raised the official exchange rate of the dollar to 86.988 roubles on Friday. The exchange rate of the euro has also risen to 97.7688 roubles. The Central Bank’s decision was made to prevent a flight from the local currency, which has…
Bitcoin Analysis Bitcoin’s price closed its last candle of the week in red figures for a second straight day and finished -$1,391. The BTC/USD 1W chart below from TradingShot shows the previous bottom patterns and the buy zones over the history of BTC’s price since 2013. The chartist asks whether or not the June 2021 low was the bottom of BTC’s bear market or whether the $29k level will be tested again. Of course, if BTC’s price breaks down at the $29k level the probability of testing the $20k level or more specifically $19,800 level increases dramatically. Buy zones over…
Bitcoin, Satoshi’s cryptocurrency officially created in January 2009, has always been considered a strategic asset, often a safe haven. The trend until 2019 For ten years since its creation up to and including 2019, BTC has performed similarly to Gold (Au), the ultimate safe haven asset. How did it behave in relation to the markets? Consistent with any self-respecting safe haven asset, BTC had no correlation with the markets, or rather the opposite. When equities went down the cryptocurrency went up and vice versa, this increased the idea that the currency was side by side with gold as a safe…
Exchanges between the Russian ruble and Bitcoin are at 9-month highs, following the ruble’s collapse on financial markets against major currencies due to the war in Ukraine. Overnight, the ruble lost about 30% against the US dollar before trading closed. Increased trade between the ruble, Bitcoin and Tether Data recorded by analytics firm Kaiko, show that the volume of Bitcoin denominated in rubles (RUB) rose to nearly 1.5 billion RUB on Thursday, reaching the highest since May. “The activity was concentrated on Binance. Bitcoin-Ukrainian hryvnia volume has also spiked, but not as high as October levels. BTC-UAH only trades on…
On Saturday, a tweet was published on the official Twitter profile of the Ukrainian government explicitly asking for donations in Bitcoin, Ethereum and Tether. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14 — Ukraine / Україна (@Ukraine) February 26, 2022 Ukrainian government asks for donations in Bitcoin At first, it was thought that the profile had been hacked, as Vitalik Buterin had also suggested, but then several official confirmations arrived, making it clear once and for all that the profile had not been hacked, that…