Kazakhstan Crackdown Forces 106 More Illegal Crypto Mines to Close
Kazakhstan’s crackdown on illegal crypto mines has forced another 106 miners to stop operations, following investigations by the country’s financial monitoring agency. The country represents 20% of the total bitcoin mining capacity, according to CoinDesk’s Research Analyst George Kaloudis.
A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales
Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.
Bitcoin Approaching $40K Resistance Zone; Support at $37K
A volatile breakout or breakdown is likely this week.
Here’s Why the Crypto Market Remains Flat
Bitcoin and other major cryptocurrencies continue to flatline amid the growing Russia-Ukraine crisis and rising inflation in the U.S. Michael Safai, managing partner at quantitative trading firm Dexterity Capital, discusses his reading of the crypto markets and where we’re headed next. Plus, what to expect as investors await the Federal Reserve’s interest rate decision tomorrow.
Saudi Arabia Mulls Pricing of China Oil Sales in Yuan: Report
The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades.
First Mover Americas: Bitcoin's Implied Volatility Ticks Higher, S&P 500 Sees Death Cross
The latest moves in crypto markets in context for March 15, 2022.
Bitcoin Worth $1.2B Leaves Coinbase in a Sign of Persistent Institutional Adoption
Coinbase outflows represent continued institutional adoption of bitcoin as a macro asset, analytics firm Glassnode said.
Bitcoin Breakout Elusive as Traders Price In 7 Fed Rate Hikes for 2022
The Federal Reserve is likely to raise rates by 25 basis points on Wednesday, the first hike since 2018.
Bitcoin Unaffected by Hong Kong’s Hang Seng Meltdown
Analysts says the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.
First Mover Asia: A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading
See Wan Toong, the CTO of Red Door Digital, a Taipei-based studio building out Web 3 games, believes games can be creative and lucrative; major cryptos were mixed with prices of some rising slightly and others falling.
