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  • 2 min

Bitcoin hits $57,000 mark, the highest in two years on strong ETF inflows

Bitcoin reached its highest point in over two years, reaching $57,000 on February 26. The cryptocurrency rose 9 percent to briefly touch the $57,000 milestone – its first time since November 2021, before dropping back down to around $56,500 levels, CoinDesk reported. The rise is being driven by increasing optimism about sustained investor demand through exchange-traded funds…
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Bitcoin hits $50,000 level for first time since 2021

As ever for bitcoin’s spot price, values have been volatile this year but analysts say there have been several factors behind its recent recovery and believe its looming “halving” event could help further. Bitcoin has returned to the $50,000 level for the first time since December 2021, riding on the coat tails of a wider rally for…
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  • 3 min

Russia Approves Bitcoin Payments for Oil & Gas

Previous to sanctions, Russia’s restrictions on cryptocurrencies were inexorable, contrary to what is proposed now. The Chairman of the State of Duma Committee on Energy Pavel Zavalny said that Russia will now accept Bitcoin payment for oil. He made the announcement at a press conference on Thursday. However, Russia specified that only China and Turkey could pay for oil…
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Cryptocurrency Prices Today on March 22: BTC continues to slide as ETH, ADA clock gains

The global cryptocurrency market-capitalisation rose 0.53 percent over the last 24 hours to stand at $1.87 trillion. Trading volumes also jumped 13.96 percent to $89.28 billion during this period. The total volume in the decentralised finance (DeFi) space stood at $13.39 billion, around 15 percent of the aggregate 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $74.90…
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  • 1 min

Russian oligarchs and officials are reportedly using crypto to protect millions from sanctions

Sanctions may have thrown Russian businesses for a loop, but leaders of the country are reportedly using cryptocurrency to bypass the recent sanctions against the country.Blockchain analysis firm Elliptic has tracked down a crypto wallet, which has ‘significant asset holdings’. In an interview with Bloomberg, the co-founder – Tom Robinson – revealed that the wallet likely contains millions…
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  • 1 min

Solana NFT Marketplace Magic Eden Looking to Challenge OpenSea

Some venture capitalists hope that the Ethereum-based OpenSea will soon take a backseat to Magic Eden, a new NFT marketplace on Solana. Forty-three percent of all NFT purchases take place on OpenSea, with $23.3B in total sales, according to research firm DappRadar. But it is limited by the blockchain it operates on, which is Ethereum. Venture capital titan Sequoia Capital has set its sights on Magic Eden, a…
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  • 1 min

How to create and sell NFTs for free; know details

Business Today explains how you can mint your NFT for free on three platforms. Do you know what is common between Kalpana Chawala, Deadpool, Amitabh Bachchan, Neo from Matrix, Micheal Jordan, Batman and the Ukrainian flag? All of them have launched their own Non-Fungible Tokens (NFTs). NFTs are all the rage right now. But don’t worry, you…
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Bitcoin (BTC) Pumps for Short Time as Biden Signs Executive Order on Crypto

The crypto market gives a thumbs up to Biden’s crypto executive order which sets to bring clear regulations in place. This is likely to boost institutional participation in the crypto space. On Wednesday, March 9, the Joe Biden administration signed the much-awaited executive order on cryptocurrencies. The executive order points federal agencies to work on regulations for the crypto…
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