Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly dependent on services provided by Russian banks.
Terra’s native cryptocurrency LUNA has witnessed a strong rally despite the market volatility in recent times. The LUNA crypto is aiming a move to its new all-time high and is currently trading 7.5% up at a price of $95.36 with a market cap of $35.7 billion.
Customers of some Russian banks that were affected by the sanctions reported that they are unable to buy crypto or even deposit fiat currency on Binance.
Nexo is one of the leading collateralized lending platforms in the world today. Although they started operations in 2018, they boast of about 50 cryptocurrencies on their platform and good security overall. Receiving 6-12% interest, depending on what kind of currency you’re storing within Nexo, sounds really good. There are similar offerings on the market like BlockFi. What’s the big difference?
A hacking group that infiltrated Nvidia servers last month is attempting to sell software that could unlock crypto mining hash rate limiters on the firm’s flagship graphics cards.
Grid trading is a sort of quantitative strategy used in trading, and trading bots are used to automate buying and selling on Spot Trading. The Spot Grid trading strategy is created to place orders at a preset interval within configured price ranges.
The start of the week has seen crypto markets surge as the ruble plunged upon news of the US and allies imposing stricter sanctions. This suggests the apparent increased demand for crypto could be a result of Russians looking to ditch the ruble in favor of Bitcoin and other cryptocurrencies.
Bitcoin price analysis for March 2 comes on a bullish note for the token, which has surged more than 2% in the last 24 hours. It is also important to note that the nearest resistance for the token is $45K, with important support at $43K, as noted in our BTC price analysis for March 1.