Bitcoin’s plunge on Ukraine invasion undermines status as ‘digital gold’

    Market slide suggests investors don’t yet see the leading cryptocurrency as a safe haven in times of crisis, writes Luke Conway on Blockworks. Increasing institutional investment in Bitcoin tightens its correlation with stock movements Lack of understanding of Bitcoin’s fundamental properties may be hindering its adoption as a risk management tool As Russian troops poured…

    StarkNet now open for DApp deployment on Ethereum mainnet

    StarkNet, the layer-2 (L2) scaling solution established by Ethereum protocol StarkWare, announced that the first few decentralized apps, or DApps, built on the platform have been deployed since it launched on the Ethereum Mainnet in November. Now that the StarkWare team has developed all of the infrastructure needed for DApps to deploy, the company shared the nine…

    Three things are driving the latest crypto pullback

    Bitcoin (BTC) and other major cryptocurrencies have tracked the volatility and broader market declines seen so far in 2022. But the pressure could be short-lived, according to at least one pundit, with a handful of temporary factors driving the latest pullback for digital currencies. “It always is uncomfortable when the market goes down, but I…

    Bitcoin drops to $34,704 amid the market plunges into extreme fear

    Bitcoin (BTC) has fallen to a new two-week low as tensions between Russia and Ukraine continue to escalate. Global equity prices fell across the board on market reactions to the latest moves from Russia, and crypto prices were no different. Bitcoin, the world’s largest cryptocurrency by market capitalization, has been falling since February 15, when…

    Dogecoin-themed burger restaurant opens in Dubai

    A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. The restaurant is a virtual one available through delivery. According to Timeout Dubai, the virtual restaurant was launched by Rocket…

    Bitcoin price could ‘probe lower’ as volumes dip and macroeconomic issues loom overhead

    BTC price is holding slightly below $38,000, but analysts warn that mounting macroeconomic issues and a lack of buyers could lead the price to “probe lower.” Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin…