Cryptos Cautious, As Ukraine Asks Exchanges to Block Russian Users
Investors are jittery and they monitor the situation in Ukraine, while the country’s Minister of Digital Transformation asks exchanges to freeze Russian and Belarusian accounts
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Investors are jittery and they monitor the situation in Ukraine, while the country’s Minister of Digital Transformation asks exchanges to freeze Russian and Belarusian accounts
Major cryptocurrencies drop as Russia undertakes military operation in Ukraine, amidst broader risk aversion
Ethereum reached its all-time high of $4,864.40 on 10 November last year. Since then, its price has deteriorated by 47.9% as of trade today, which is an enormous erosion of capital. During an interview with Bloomberg, Vitalik Buterin, co-founder of Ethereum blockchain, said, "The people who are deep into crypto, and especially building things, a lot of them welcome a bear market. [This is] because when there are these long…
BTC/USD is cautious today and extends this week’s losses, amidst broader risk-aversion in financial markets
Weekly Below is the weekly bitcoin chart. We have added a triple moving average to gauge the longer-term trend. In this regard, the first crack has appeared. The fast green moving average has crossed below the slow red moving average (aqua ellipse). If the medium-paced orange moving average follows suit and crosses below the red moving average, the weekly chart's moving averages would be lined up in a bearish formation.…
Featured Image by MichaelWuensch from Pixabay
Since Bitcoin (BTC) broke onto the scene in 2009, the growth of blockchain technology has been exponential. From facilitating the trade of traditional cryptocurrency products, to NFTs and ICOs, the blockchain has gone mainstream. As a result, the term decentralised finance (DeFi) has become a buzzword not only in the crypto space, but within the broader commercial landscape. What Is Decentralised Finance (DeFi)? Decentralised finance, commonly referred to as "DeFi,"…
The evolution of information systems technology has given rise to many industries that impact the global financial landscape. Among the most prominent are remote securities trading, the exchange of cryptocurrency assets and the fledgling decentralised finance (DeFi) sector. The latter two arenas are inherently connected to the blockchain. The blockchain is a digital system for recording data sets that is extremely difficult to alter. Essentially, it is a decentralised public…
Solana and Ethereum are both highly prominent blockchain platforms that leverage smart contracts. These two platforms have their respective strengths and weaknesses, but either way, developers are building applications on them. This piece will provide an overview of these two platforms, and help show why an investor would choose to put their money into one over the other. Solana Overview Solana is a blockchain platform that leverages several innovations to…
Weekly Using a triple moving average (SMA) system helps to determine trends on charts. If the quick SMA is above the intermediate SMA, and the intermediate SMA is above the slow SMA, it is considered bullish. The more angle and separation between the SMAs, the more bullish the trend. Likewise, if the quick SMA is below the intermediate SMA, and the intermediate SMA is below the slow SMA, the MAs…
The highest inflation in the US since 1982 Christmas is almost here and with so many of us searching for the right gift for our nearest and dearest, the supply chain issues start to rise. Logically, such a shortage of products leads to a price increase, but there is one more thing that causes price escalations That of course is money printing. Seemingly out of nowhere, inflation became so visible…
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