Crypto Market Enters Correction As EU Mulls Banning Bitcoin and PoW Crypto
The crypto market has come under pressure once again ahead of the European Union reportedly working to pass a bill banning all Proof-of-Work (PoW) cryptocurrencies citing environmental concerns. This means that the EU could potentially ban Bitcoin as well!
Terraform Labs Intervenes To Address UST Reserve Imbalance
The recent spike in demand for UST has led to a pool imbalance on Curve Finance and other decentralized platforms, resulting in a need for intervention.
Bitcoin Buyer’s Mistakes
As a rule, bitcoin transactions usually go well once people master the complexities. That can take time, considerable research, studying, patience, and proceeding through the processes with caution.
Artists and Activists Turn to NFT Sales to Support the Ukrainian People
NFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of the ongoing military conflict, people from all around the world send their donations to Ukraine via NFT sales, as artists and activists turn to them over older fundraising methods.
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point from zero, investors wonder how stock markets, crypto prices, and investments like precious metals will react to the news.
Austin mayor embraces Web3 tech and crypto payments
The second fastest-growing city in Texas will begin exploring policy capabilities to accept Bitcoin as a payment option and integrate other Web3 applications to improve resident's lives.
G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury Department is “closely monitoring any efforts to circumvent or violate Russia-related sanctions, including through the use of virtual currency.”
Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC
Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets.