Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for…
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Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin falls to two-week lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Feb. 18, with several attempts seeing bounces higher before the level finally gave…
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Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with “Freedom Convoy,” a series of ongoing protests against COVID-19 vaccine mandates and restrictions.…
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Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate “mostly noise” While many analysts anticipated BTC’s price to fall toward $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.” Bitcoin has been…
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The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the process of developing a legal framework for activities related to transactions with digital…
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KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs). With the DeFi ecosystem continuing to be plagued by criminal whales, the…
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After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects. The Chinese Banking and Insurance Regulatory Commission issued a risk warning for the common public against fraudulent metaverse projects. The notice highlighted how the buzz around metaverse had made it a primary…
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Bitcoin (BTC) saw its first major test of $40,000 for several weeks overnight, but what price zones are traders watching next? Whether long or short-term, the answer for many is simple: the range is still intact. Bitcoin wobbles after “moment of truth” On the back of macro pressures, BTC/USD saw a moderate sell-off on Feb.…
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Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with local authorities, lawmakers and experts in the cryptocurrency industry. Founded in 1990, the…
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The CEO and founder of leading blockchain venture fund Pantera Capital, Dan Morehead, stated that digital assets will be the “best place” to store capital following the potential fallout of interest rate hikes from the U.S. Federal Reserve. Investors across stock and crypto markets are currently fixated on the direction the Fed might take to…
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