Bitcoin Financial News

Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row.

Coinbase’s fourth-quarter income more than quadrupled as the largest US cryptocurrency exchange benefited from a manic quarter that saw bitcoin set a record before dropping sharply.

In this article

As civilians in Ukraine take up arms and build Molotov cocktails, crypto-donations are streaming in from supporters all over the world to help military and relief efforts. With the struggle becoming both physical and cyber, it’s time to take a look at the action on the blockchain.

Supreme Court on Friday asked the Centre to make its stand clear on whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not. A bench of Justices DY Chandrachud and Surya Kant, which was dealing with a case related to the quashing of multiple FIRs registered against one Ajay Bhardwaj and others for allegedly duping investors across India by inducing them to trade in Bitcoin and assuring them high returns, said that the accused were booked for their involvement in Bitcoin trade. The bench told Additional Solicitor General Aishwarya Bhati, appearing for Centre and Enforcement Directorate, «We want you to tell us on affidavit whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not? What is the regime for Bitcoin trade at present?» Bhati said she would file an affidavit on the legality of the cryptocurrency trade and added that the accused, who is seeking quashing of proceedings, has not been cooperating with the investigating agency after being granted bail by the court in 2019.

The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. 

Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations.

The global cryptocurrency market capitalisation fell 2.83 percent over the last 24 hours to $1.75 trillion, while trading volumes were down about 29.55 percent to $68.18 billion during the same period.

Crypto is going mainstream, and the world’s younger generation, in particular, is taking note. Cryptocurrency exchange Crypto.com recently predicted that crypto users worldwide could reach 1 billion by the end of 2022. Further findings show that Millennials — those between the ages of 26 and 41 — are turning to digital asset investment to build wealth. For example, a study conducted in 2021 by personal loan company Stilt found that, according to its user data, more than 94% of people who own crypto were between 18 and 40.

As Russian bombs fall on Ukraine and reports of deaths are coming in, the international community has been struggling to mobilize resources and send funds to various organizations in order to support Ukraine’s army. For that reason, it might not surprise many to know that there’s already an NFT collection aimed at fulfilling this need.

If a new investor stumbled across a token called Shiba Tron [SHIBT], they might imagine that it was the perfect lovechild of its viral parents – SHIB and TRX. However, that’s far from being the case and traders need to know their facts before they decide to invest in this shiny new memecoin.

Bull or bear market? That’s the question on many investors’ lips as Ukraine tries to resist Russia’s invasion. However, Bitcoin traders need to look at what different actors are doing right now while maintaining a cautious outlook.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much so that Netflix has already commissioned a docuseries. 

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice.

A Ukrainian volunteer group has received over $4 million in bitcoin donations

Russia is waging war against Ukraine and economists worldwide are trying to keep their heads above the water. As the crypto market reacts to these political ruptures, a new investor might be wondering whether they should be fearful or greedy. To that end, some crypto traders and analysts have shared their opinions.

Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return.

Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows.

Bitcoin‘s mainstream acceptance over the past few years has managed to link the top cryptocurrency with traditional finance in more ways than one. While institutional interest has been a positive sign for the digital asset industry, it has also caused Bitcoin’s price to follow that of US stock markets.

The global cryptocurrency market capitalisation rose 4.01 percent over the last 24 hours to $1.80 trillion, while trading volumes were down about 36.17 percent to $97.59 billion during the same period.