CRYPTOCURRENCIES
Crypto Proves Resilient as Global Uncertainty Surrounds. A Look at the Worst-Performing Coins Under $1
It is possible to find opportunities in the crypto market with new promising cryptocurrencies if you find them before they become very popular. There are, however, a lot of them that are just worthless, so investors need to be cautious. Listed below are my top 4 worst-performing coins worth below $1 and my overview of their potential.
Double Bottom Pattern Playing Out in the Bitcoin Market, Is $50K in Sight?
A double bottom pattern continues to play out in the BTC market because the leading cryptocurrency has remained steadfast above the psychological price of $40,000 for the past few days.
Federal Reserve Chair Powell Sees Interest Rate Hike this Month
Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain.
LocalBitcoins Cuts Fees to Zero for Ukrainians Both Locally and Abroad
To ease transactions amongst Ukrainians as they face the Russian Army Invasion in their nation, P2P Bitcoin marketplace LocalBitcoins has removed all transaction fees for them both locally and abroad.
Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows
More women are investing and trading cryptocurrencies in Turkey as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.
Ethereum Foundation Releases Grants worth $750,000 to Fund ETH Research
With knowledge being a flywheel for Ethereum (ETH), the Ethereum Foundation has deemed it fit to explore the network’s potential through academic research.
Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem
The University of Cambridge has rolled out a multi-year research initiative with 16 key financial institutions like WorldBank, IMF, and MasterCard to shed more light on the rapidly evolving crypto-asset ecosystem.
Bitcoin Hodlers’ Accumulation Continues, Ruble-Denominated BTC Volumes Hitting 9-Month High
Bitcoin hodlers remain unfazed despite the leading cryptocurrency recently hitting lows of $34,000 as they continue accumulating more coins.
BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion from investors.
Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill
Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds.
El Salvador Tourism Sector Surges 30%, Benefit from Adopting Bitcoin as Legal Tender
El Salvador is leaping the dividends of making Bitcoin legal tender. The nation’s tourism industry has recorded a 30% surge since this milestone was attained in September 2021.
Bitcoin Needs to Hold the $36K-$37K Support Level, Avoid Further Downward Momentum
To avoid a further slip, Bitcoin needs to hold the zone between $36,000 and $37,000.
Colorado State to Permit Payment of Taxes in Crypto this Summer
Colorado Governor Jared Polis has revealed that the state plans to let its residents pay their taxes in digital currencies as early as this summer.
Argentinian Seek Shelter in Crypto, while Local Inflation Surges over 50%
Argentinians have resorted to transacting in cryptocurrencies to tame runaway prices, given that annual inflation surged by more than 50%.
Ethereum’s Growth Hit 1.53M New Addresses per Month in 2021
Ethereum capped 2021 on a high with a 399% annual return. This significant run can be linked to the fact that more participants joined the ETH network at a rate of 1.53 million new addresses monthly.