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Showing posts from February, 2022

Cryptowisser: Top 100 Crypto Coins Ranked by Carbon Footprint – Algorand Leads the Way

https://motleybloggers.com/wp-content/uploads/2022/02/cryptowisser-top-100-crypto-coins-ranked-by-carbon-footprint-algorand-leads-the-way.jpg PRESS RELEASE. February 2022: Leading Crypto service comparison site Cryptowisser, announces its Crypto Carbon Footprint list . The list ranks how sustainable the top 100 cryptocurrencies are and is based on the research of a Swedish team of sustainability experts. The list ranks each coin of how a typical transaction affects the environment through its carbon footprint. The list uses a color scheme to display different levels of energy efficiency and carbon footprint, with dark green being the cleanest by carbon neutral or negative, and medium green being equivalent to a VISA transaction. “We are excited to release the world’s first comprehensive ranking of carbon footprints of Cryptos and we hope to give more clarity in the market regarding how green different cryptos are. Based on our research, we can also give a positive outlook f...

Data Shows Ruble-Denominated BTC Volume Rising, BTC-RUB Prices Jump as High as $46K

https://motleybloggers.com/wp-content/uploads/2022/02/data-shows-ruble-denominated-btc-volume-rising-btc-rub-prices-jump-as-high-as-46k.jpg Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant premium on February 28, jumping 16% higher than the global average. Russian Demand for Bitcoin Surges Causing BTC-RUB Premiums Statistics show that there’s been a lot of demand for bitcoin ( BTC ) stemming from Russia during the last 96 hours. It started almost immediately after Russia invaded Ukraine’s borders and while the warfare between the two countries escalated. Data from the crypto analytics provider Kaiko shared with the crypto-journalist Omkar Godbole shows that ruble-denominate...

Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound After Weekend Selloff

https://motleybloggers.com/wp-content/uploads/2022/02/bitcoin-ethereum-technical-analysis-eth-btc-rebound-after-weekend-selloff.jpg Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week. Bitcoin Bitcoin ended two consecutive sessions of decline to start the week, as the world’s largest cryptocurrency seemed to have found its price floor. BTC /USD hit an intraday low of $37,268.98 earlier in today’s session, with prices now climbing towards resistance above $40,000. This rebound comes after prices found support at $37,000 on Sunday, which was the lowest level BTC had hit since Friday. Looking at the chart, Monday’s move comes just as the 14-day RSI has marginally broken past its own ceiling at 46, and is currently tracking at 47.84. In addition to this, the momentum of ...

Bitcoin In Unknown Territory. Cardano, Prepare For Volatility...

http://img.youtube.com/vi/lcQ7t4OyJSQ/0.jpg https://www.youtube.com/watch?v=lcQ7t4OyJSQ ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV3 ➡ https://youtu.be/kv5spLt1YJI CCV3 Pool ID for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Crypto predictions 00:30 Bitcoin $20,000 target 1:20 Bullish BTC price scenario 3:55 Cardano transaction volume… 6:00 Cardano monthly momentum 7:00 ADA price and .80 8:20 Cardano price target at .50 10:20 Bullish Cardano potential 12:15 Bitcoin has a clear target to $20,000 that anyone in crypto should pay attention to. BTC price continues to tread lightly as the state of the world grows in uncertainty. Cardano price in a similar holding pattern while ADA has its own volatile targets. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇...

Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether — $17 Million Raised so Far

https://motleybloggers.com/wp-content/uploads/2022/02/crypto-donations-pour-in-after-ukraine-government-asks-for-bitcoin-and-ether-17-million-raised-so-far.jpg Ukraine has raised more than $17 million in cryptocurrency donations since Russia began its invasion. Over $10 million were donated directly to the crypto wallets posted by the Ukrainian government about 24 hours after the government solicited donations in bitcoin, ether, and tether. Crypto Community Responds to Ukrainian Government’s Plea for Cryptocurrency Donations The Ukrainian government began soliciting cryptocurrency donations Saturday morning. The official Twitter account for Ukraine tweeted : “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT .” The tweet also includes a BTC address and an address for ETH and USDT donations. Mykhailo Fedorov, vice prime minister of Ukraine, also tweeted a similar message. Following the Ukrainian government’s ...

Bitcoin’s Hashpower Drops, BTC Mining Difficulty Expected to Jump Higher in 4 Days

https://motleybloggers.com/wp-content/uploads/2022/02/bitcoins-hashpower-drops-btc-mining-difficulty-expected-to-jump-higher-in-4-days.jpg The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 Exahash per Second to 169 EH/S in 12 Days From January 13 to February 15, Bitcoin’s hashrate was coasting along at record highs for roughly 33 consecutive days. This weekend, on Sunday, February 27, 2022, the hashrate has dropped 30% from the 249 EH/s ATH captured on February 15. At the time of writing, Bitcoin’s ( BTC ) network hashrate is around 168.14 EH/s or 168,144,793,932,750,200,000 hashes per second (H/s). Meanwhile, bitcoin’s price has been lower than usual but 30-day s...

Elon Musk Hears Kyiv’s Call, Activates Starlink Service in Ukraine

https://motleybloggers.com/wp-content/uploads/2022/02/elon-musk-hears-kyivs-call-activates-starlink-service-in-ukraine.jpg Tech entrepreneur Elon Musk has announced that the Starlink satellite internet service has been enabled for Ukraine. The move comes in response to a request from the government in Kyiv which is trying to halt a Russian military assault that may disrupt communications, among other threats. Elon Musk Provides Ukrainians With Access to Starlink U.S. billionaire and crypto influencer Elon Musk revealed on social media the activation of Starlink for Ukraine. The satellite internet constellation is operated by Spacex, the aerospace manufacturer and provider of space transportation services founded and managed by Musk. The entrepreneur also tweeted that the company is sending Ukrainians the necessary equipment. Starlink’s low-orbit satellites provide high-speed broadband internet across the globe but access to the network requires the installation of a special anten...

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions

https://motleybloggers.com/wp-content/uploads/2022/02/analysts-warn-of-regulatory-risks-if-russia-is-able-to-use-crypto-to-evade-sanctions.jpg Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing talk of banning Russia from the SWIFT global interbank payments system after its invasion of Ukraine, some analysts have warned that Russian President Vladimir Putin could turn to cryptocurrency to evade sanctions. “We believe Washington is worried that Russia will use crypto to evade sanctions,” Cowen Washington Research Group analyst Jaret Seiberg reportedly said Friday. He added: If Russia is able to use crypto this way, then we believe political support in the U.S. for crypto will fall and regulato...

US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable

https://motleybloggers.com/wp-content/uploads/2022/02/us-senator-says-hes-bullish-on-bitcoin-because-its-decentralized-uncontrollable.jpg U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from Texas spoke favorably about bitcoin at the Conservative Political Action Conference (CPAC) Thursday. Launched in 1974, CPAC “is the largest and most influential gathering of conservatives in the world,” its website describes. During his speech at the event, the senator said: One of the reasons why I’m so bullish on crypto, on bitcoin, is because it is decentralized and not controllable. “Let me give a fantastic example,” he continued. “So Justin Trudeau said I don’t like me ...

US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

https://motleybloggers.com/wp-content/uploads/2022/02/us-charges-indian-citizen-in-3-4-billion-crypto-ponzi-scheme-bitconnect.jpg The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced Friday that the founder of the global crypto fraud scheme Bitconnect has been charged. “Bitconnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion,” the DOJ described, adding: A federal grand jury returned an indictment today charging Satishkumar Kurjibhai Kumbhani, a citizen and resident of India, with multiple crimes for his alleged role in a massive criminal conspiracy involving the cryptocurrency company he founded, Bitconnect. The 36-ye...

ERTHA Listing on ByBit

https://motleybloggers.com/wp-content/uploads/2022/02/ertha-listing-on-bybit.jpg Ertha Metaverse, one of blockchain gaming’s most talked about metaverses has today announced the listing of the ERTHA token on another of the crypto industry’s top exchanges – ByBit. With over 5 million registered users across the globe, ByBit is a fantastic fit for Ertha. In addition to being one of the fastest-growing cryptocurrency derivatives exchanges, ByBit provides an efficient, transparent, and innovative trading environment for its users. By listing on ByBit during challenging market conditions, Ertha aims to strengthen its position as one of the leading metaverse tokens. The project will continue expanding its availability to potential investors and keep momentum up as its development team seeks to launch 2022’s biggest metaverse. Ertha NFT sales remain largely unaffected by the wider industry troubles and have already sold over 22,000 of their revenue-generating land plots...

South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

https://motleybloggers.com/wp-content/uploads/2022/02/south-african-treasury-on-crypto-regulations-amendments-to-relevant-laws-to-be-finalized-in-2022.jpg The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers as accountable institutions within the Financial Intelligence Centre (FIC) Act to be finalized this year. The move to regulate crypto service providers comes as South Africa is attempting to address the “significant weaknesses in the country’s anti‐money‐laundering and counter-financing of terrorism systems” that were identified by the Financial Action Task Force (FATF). In its latest budget review document , the South African Treasury explains...

Coinbase’s Trading Volume Grew 8.5 Times in 2021 — With 89 Million Verified Users

https://motleybloggers.com/wp-content/uploads/2022/02/coinbases-trading-volume-grew-8-5-times-in-2021-with-89-million-verified-users.jpg The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number of verified users has risen to 89 million. A Good Year for Coinbase The Nasdaq-listed crypto exchange Coinbase released its fourth-quarter and full-year 2021 earnings report Thursday. “2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for Coinbase. We ended 2021 with strong performance across our key metrics that were within our outlook,” the company wrote, adding: We ended the year with 11.4 million Monthly Transacting Users (MTUs). Coinbase noted that the number of MTUs at the end of 2021 was ...

ADAX: This Cardano DEX Is Just Getting Started!

http://img.youtube.com/vi/JTv7RGkzQZE/0.jpg https://www.youtube.com/watch?v=JTv7RGkzQZE Thank you ADAX for sponsoring this video! Visit ADAX.PRO ADAX v1.1 - https://adaxpro.medium.com/adax-dex-v1-1-changelog-38349be48ce0 Intro 00:00 What is ADAX? 1:00 ERC20 token converter 1:30 Fee model on ADAX ADAX roadmap for 2022 4:00 ADAX demo 5:05 Doing a swap on ADAX 5:50 ADAX has released its newest iteration of its DEX on Cardano and it looks quite nice! ADAX a top DEX on Cardano also offers the erc20 converter on its 2022 roadmap with some other really exciting updates in the pipeline. As ADA continues to consolidate, ADAX continues to build and prepare its DEX for mass adoption of Cardano. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 in FREE BTC - https://bit.ly/3k449CR ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cry...

Sanctions May Not Affect Russia’s Access to Crypto, Reports Claim

https://motleybloggers.com/wp-content/uploads/2022/02/sanctions-may-not-affect-russias-access-to-crypto-reports-claim.jpg As sanctions rain on Russia, following the Kremlin’s decision to invade Ukraine, media reports have suggested that they are unlikely to limit the country’s access to crypto assets. While the Russian elite may use them to circumvent restrictions, ordinary Russians are also likely to keep trading digital coins on foreign platforms. Cryptocurrencies Deemed Potential Tool for Russian Billionaires Bypassing Sanctions U.S. and EU sanctions, imposed in response to Moscow’s military assault on Ukraine, are threatening the ability of Russia, and its elites, to do businesses in dollars and euros. However, as the country has recently chosen a path towards regulating cryptocurrencies, the penalties might carry less weight, Bloomberg noted in a report. Digital currencies such as bitcoin, often traded on decentralized platforms, could become an effective instrum...

Russian Bitcoin Mining Assessed Amid Conflict With Ukraine, Large ETH Pool Cancels Service to Russia

https://motleybloggers.com/wp-content/uploads/2022/02/russian-bitcoin-mining-assessed-amid-conflict-with-ukraine-large-eth-pool-cancels-service-to-russia.jpg With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the ethereum mining operation Flexpool announced it has halted services to Russia entirely. “We apologize to our Russian miners; many of you do not support the war — However, it is you who are supporting your nation,” Flexpool told its customers. Russia Faces a Wave of Economic Sanctions, SWIFT Still Accessible All eyes are focused on the battle between Russia and Ukraine this week and after Vladimir Putin’s troops invaded Ukraine, a large swathe of countries have started to impose and threaten economic sanctions. The Russian ruble has been feeling the wrath of volat...

Technical Analysis: LUNA, AMP Jump Over 20% Higher on Friday 

https://motleybloggers.com/wp-content/uploads/2022/02/technical-analysis-luna-amp-jump-over-20-higher-on-friday.jpg Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s trading session. AMP AMP is currently trading over 24% higher in today’s session, climbing to its highest level since last Saturday. Friday’s rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance. The ceiling for AMP/USD lies at the $0.2950 level, and this was marginally broken, as prices rose to an intraday high of $0.02993. It was less than 24-hours ago that AMP was trading at a low $0.02337, however bullish pressure seems to have shaken off-market uncertainty. As a result of this surge, the 14-day RSI rose to a 10-day high of 47.8, a level which has served as resistance in recent...

How to Avoid the Five Most Common Crypto Tax Mistakes I Cointelli

https://motleybloggers.com/wp-content/uploads/2022/02/how-to-avoid-the-five-most-common-crypto-tax-mistakes-i-cointelli.jpg The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli . “You don’t have to pay taxes on crypto” One very common mistake that people make is thinking they don’t have to pay tax on cryptocurrency transactions. However, crypto transactions are taxable , and the IRS is very capable of coming after you and your assets if you don’t comply. The IRS refers to cryptocurrency as virtual currency, and any transactions on exchanges, income from mining or staking, crypto received from hard forks and airdrops, and even DeFi transactions – basically the majority of profits and losses resulting from crypto activity – are subject to tax. According to the IRS’s guidelines f...

Chainalysis Study Shows ‘Criminal Whales’ Hold $25B in Digital Assets, Entities Represent 3.7% of All Crypto Whales

https://motleybloggers.com/wp-content/uploads/2022/02/chainalysis-study-shows-criminal-whales-hold-25b-in-digital-assets-entities-represent-3-7-of-all-crypto-whales.jpg According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses The blockchain surveillance company Chainalysis published a study that indicates $25 billion in digital assets is currently held by criminals. Despite the significant law enforcement seizures last year, the billions of dollars in crypto held by criminal entities on the blockchain could theoretically be seized by officials. Chainalysis’ findings explain that 2021 saw a “huge increase in criminal balances.” In 2020, Chainalysis say...

US Secret Service Launches Crypto Awareness Hub to Educate the Public on Digital Asset Security

https://motleybloggers.com/wp-content/uploads/2022/02/us-secret-service-launches-crypto-awareness-hub-to-educate-the-public-on-digital-asset-security.jpg The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced last week that it “has launched a cryptocurrency public awareness hub.” Established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting, the Secret Service is now under the Department of Homeland Security. Its website states: “We have an integrated mission of protection and financial investigations to ensure the safety and security of our protectees, key locations, and events of national significance.” The...

Bitcoin Falls As War Breaks Out. Cardano Price More Oversold Than Ever.

http://img.youtube.com/vi/p4NTmv_65B0/0.jpg https://www.youtube.com/watch?v=p4NTmv_65B0 ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV3 ➡ https://youtu.be/kv5spLt1YJI CCV3 Pool ID for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Russia opens war on Ukraine 00:40 Volatility translating onto the crypto charts 2:05 Bitcoin has consolidated greatly 3:00 With war, how low could Bitcoin go? 3:30 Bottom zone for BTC price 7:30 Big Cardano news 9:25 ADA price weekly opportunity window 11:45 Cardano price targets hit 12:45 The potential for ADA capitulation 15:30 Crypto falls as war breaks out. No one knows what is next, but the bitcoin charts do offer extremely valuable data amidst global events and the fear sentiment attached to it. Cardano charts also fall, with two ADA price targets acting as a roadmap in the middle of uncertainty. Breaking news - https://breakingdefense.com/2022/02/...