Entries by Naga Avan-Nomayo

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Crypto Market Rallies as Bitcoin Breezes Past $47,000 – Bitcoin 2022 Bull Run?

The entire cryptocurrency market has grown over the last 7 days as over $200 billion flowed into the market. Bitcoin has so far led the charge during the latest market-wide recovery since the major dip in December 2021. As of the time of writing this report, Bitcoin has sustained levels above the key $46,000 resistance point. With a fury of cash injections in the market, BTC bulls could target ranges above $50k to extend the current relief period.

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Russia’s Energy Announcement And Terra’s Hefty Purchase Pushes Bitcoin to $45k

The world’s leading crypto by market capitalization Bitcoin has maintained the $40k range after a stunning rally this week. Daily total crypto trading volume also crossed $100 billion as cash flowed into the whole market triggering broad-based gains. Analysts have surmised that Russia’s energy declaration and Terra’s huge bitcoin could be factors behind the recovery from Bitcoin.

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Russia and Crypto Fast-tracked – Bank Issues Crypto License to Sberbank

Russia’s central bank has issued a crypto license to local financial institution Sberbank. The move comes on the heels of recent agitation from Russia’s Finance Ministry, calling for the legalization of digital assets in the country. Also, the news could signal a change in the view of central bank officials. The governor of Russia’s apex bank previously called for an outright ban of cryptocurrencies.

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Crypto.com Launches Institutional Investment Exchange in the U.S.

Singapore-based digital asset startup Crypto.com has announced the rollout of its exchange platform for institutional investors in America. The launch will reportedly continue over the course of the next few months and investors can join the waitlist to receive access to the service. With growing competition in the cryptocurrency industry, the launch could be a strategic move to position Crypto.com as a leading choice for digital asset traders.

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New Crypto License Operations Start Soon For Binance In Middle East

Leading cryptocurrency exchange Binance has received regulatory approval from the central bank of Bahrain to kick start operations in its jurisdictions as a digital asset service provider. Binance also won an anchor license from the Dubai World Trade Centre as well. The move comes after Binance reportedly amped up efforts geared towards achieving improved regulatory compliant practices on a global scale.

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Argo and Core Scientific Announce Unit Swap Agreement for Helios Mining Facility

Following an equipment financing loan secured from virtual asset investment firm New York Digital Investment Group earlier in March, crypto mining industry leader Argo Blockchain has signed an agreement with Washington-located Core Scientifics. The deal will facilitate the exchange of Argo’s current mining machines for a new fleet of miners ordered by Core. Also, a mutual termination term was added to the agreement according to the report.

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