Bitcoin whale volume from exchanges hits 9-year high as analysts call BTC price bottom

Huobi’s charity arm has announced an initiative to distribute aid to assist Indonesia’s fight against COVID-19.Huobi Charity will distribute aid in partnership with the Indonesia-China Association of Economic, Social and Cultural Cooperation (ICAESCC) to make monetary contributions, donate medical supplies, and leverage blockchain technology to assist healthcare organizations.Huobi launches coronavirus charity initiative in IndonesiaTo provide…

Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations. Two new projects have been announced in December, including one that provides cash aid to Ukrainian refugees through the Stellar network and another that plans to offer cash and vouchers through the…

The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID. 90 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe administration of United States President Joe Biden released a national standards strategy for critical and…

New analysis of the top 10,000 Ether wallet addresses certainly paints a very bullish picture for Ethereum as it moves towards Proof-of-Stake consensus. However, it also suggests that some highly questionable practices are being employed by certain major cryptocurrency exchanges and Ether (ETH) whale accounts.The Poloniex/Tron axisAccording to the report’s author, Adam Cochran, when Circle…

You need nothing short of “a miracle” to succeed with an initial coin offering (ICO) in Australia, a local industry leader told the government this week.At a Select Committee on Financial Technology and Regulatory Technology hearing on Feb. 20, Dr. Jemma Green said her blockchain firm had succeeded despite, not thanks to, government policy. Dr. Green…

Federal Reserve Chair Jerome Powell spoke on Aug. 25, and in his Jackson Hole speech, he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer. However, a positive sign is that…

As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours.While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual contracts…

The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries. 281 Total views 14 Total shares The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry.Released on Wednesday, the new decree…

Kraken is now Tottenham Hotspur’s first official crypto and Web3 partner, with the goal of boosting fan engagement and increasing awareness about cryptocurrency.