Bitcoin tested $40K once again on the reports that Putin is making progress in talks with Ukraine amid the escalating tensions between the countries so let’s read more today in our latest Bitcoin news. Bitcoin’s price surged by over $1000 and it is now challenging the psychological level of $40K. Bitcoin tested $40k on reports […]

Bitcoin has reclaimed the $40,000 mark in the last hour, following indications of progress in discussions between and Ukraine amid the ongoing conflict. Russian President Vladimir Putin stated that “positive movement” was being made in the negotiations on a “daily basis.” Russia is facing penalties from Western countries, among others, as world leaders criticize the invasion of Ukraine. Bitcoin Spikes Following Putin Remarks The spike came in the wake of new comments from Russian President Vladimir Putin, who indicated in a meeting with his Belarussian counterpart, Aleksandr Lukashenko, that there had been “positive shifts” in the Ukraine dynamic. Putin said improvements has been made in the talks between the Kremlin and Ukraine: “There are certain positive shifts, negotiators on our side tell me.” BTC/USD trades close to $40k. Source: TradingView Putin’s remarks boosted global markets. Futures on the S&P 500 rose 1.31%, while futures on the tech-heavy Nasdaq 100 rose 1.65%. Sentiment in Europe was higher, with the DAX in Germany rising 3.41% and the Stoxx Europe 600 rising 2.09%. At the time of writing, BTC/USD volatility remained high, with bulls aiming to break through $40,000 resistance more convincingly. The increasing volatility had an effect on liquidations as well, with over $24 million in leveraged positions being wiped off the market in the last hour alone. The largest single liquidation order was on Bybit, worth about $6 million. Explosive growth in #Bitcoin bitfinex shorts hate to say it, capitulation incoming pic.twitter.com/FTQGt41UBQ — Cole Garner (@ColeGarnerXBT) March 11, 2022 Related Reading | Bitcoin On Course To Hit $100K Nine Months From Now, Bitbull CEO Predicts Traders Unsure Of Market The cryptocurrency market remains volatile. Bitcoin rose from $38,600 in European morning hours to little more than $40,200 after Putin’s remarks were made public. Ethereum, XRP, and Solana’s SOL all gained 2.4% in the last hour, while Polkadot’s DOT led advances with an 8% rise in the last 24 hours. However, it’s worth mentioning that Russian troops are rumored to be gathering around Kyiv, and some foresee a possible effort to encircle the capital. Adam Cochran, a well-known crypto critic and analyst, commented on the contradicting signals, saying: “Markets are so thin and so desperate for relief that we’re moving on vague positive news in the Russia-Ukraine conflict while both sides also release worsening statements and escalating action.” Bitcoin stayed at the lower end of its established trading range, with the area north of $42,000 proving impossible to hold for long in 2022. The latest price action, however, was a godsend for some traders, with popular Twitter account Anbessa informing followers that everything was going as planned. $BTC/USD Update 📈✅ 🔹bullish divergence playing out ✔️🔹4th entry -> 4 bounce up 3% pic.twitter.com/QqZnheFLyQ — AN₿ESSA (@Anbessa100) March 11, 2022 The deterioration of Ukraine’s position has sent shockwaves through global markets. This week, India saw a massive outflow of foreign capital worth billions of dollars, while Brent crude hit $140 per barrel. Related Article | Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin Featured image from Getty Images, chart from TradingView.com

DUBAI, Mar 10, 2022 - (ACN Newswire) - The 22nd global edition of World Blockchain Summit - Dubai, which is presented by Chingari powered by $GARI; co-hosted by Paysenger; powered by Bybit; and held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum - is all set to make its return to Dubai. With 60+ speakers, and 35+ sessions spread across two days, #TresconWBS will explore at great length the future of blockchain & crypto ecosystem.
In line with UAE Government's digital initiatives, the summit will feature presentations, use-cases and thought leadership sessions by global technology providers who will be showcasing their latest innovations during the two-day future-tech festival. The focus for this year's most-anticipated blockchain event will be on Blockchain, Crypto, NFT, DeFi, Metaverse ecosystems, and their wide-reaching effect on commerce, culture, and communities.

"We at Chingari are thrilled to be a part of the most notable blockchain event of the world (WBS), and are looking forward to meeting and discussing the future of blockchain and its advantages with the industry stalwarts. This will be the best platform to interact with the industry experts and announce the developments related to NFT and GARI marketplace by Chingari. The whole blockchain/ NFT ecosystem is very appealing and we are excited to be a part of it," commented Mr. Sumit Ghosh, Co-founder & CEO, Chingari App.

"Paysenger is happy to partner with one of the world's leading blockchain conferences, hoping this is only the beginning of a long and fruitful partnership," stated Stanislav Novikov, CEO of Paysenger. He further added, "At WBS, we will present some of the latest communication trends, introducing the new ethic of communication that appears at the junction of the attention economy and blockchain. We will also talk about the way our EGO token can solve some of the most pressing communication problems."

Joining in this revolution of making relationships between financial services & blockchain + cryptocurrencies more meaningful, the expert speakers taking the center stage include:
- Frederik Gregaard, CEO, Cardano Foundation
- Faryar Shirzad, Chief Policy Officer, Coinbase
- Alex Mashinsky, Founder and CEO, Celsius Network
- Dr. Marwan Alzarouni, CEO, Dubai Blockchain Center
- Constantin-Claudiu Minea, Co-Founder & CEO, SeedOn
- Austin Alexander, VP, Kraken Digital Asset Exchange
- Prof. Dr. Isabell M. Welpe, Chair for Strategy and Organization, Technical University of Munich
- Christian Kranicke, Founding Partner, Blufolio
- Sumit Ghosh, Co-Founder & CEO, Chingari App, to name a few

Furqan Rassul, the CEO of Elite Partner Investment LLC, under the leadership of its chairman, HH Sheikh Juma Ahmed Juma Al Maktoum, will provide companies with unrivaled access to the region's most prestigious, influential and well-connected decision makers in the private and public space, to achieve sustainable growth and scalability.

"World Blockchain Summit in Dubai is an excellent initiative to showcase Blockchain's potential to revolutionize the efficiency and efficacy of every industry imaginable on a global scale," stated Furqan Rassul, CEO of Elite Partner Investment.

"I am happy to say that we have been able to (once again!) solidify our position as one of the most go-to blockchain & crypto events in UAE. We are looking forward to providing a platform where the world looks upon us as the event that defines, describes and forecasts financial revolution," said Mohammed Saleem, CEO of World Blockchain Summit.

"WBS is back in Dubai; which brings an exclusive opportunity for companies in this space to network with global blockchain influencers, handpicked investors and many more," said Mithun Shetty, CEO of Trescon.

The summit also features Startup World Cup, on 22 March 2022, a pitch competition by Pegasus Tech Ventures, for businesses from across the world that are preparing to launch their business or are already established and want to expand to the UAE. The winner will fly to San Francisco on 30 September 2022 for a chance to win $1,000,000 investment prize.

The pitch competition will be followed by the Investor Gala Dinner; which will provide a major boost to startups looking to raise funds by leveraging the Trescon Investor Connect (TIC) program. TIC has a prime responsibility to gather a pool of investors, HNIs, family-owned business houses (FOBs) and VC firms looking to invest in emerging technologies, and forging partnerships with key stakeholders responsible for curating these ecosystems.

World Blockchain Summit - Dubai 2022 is officially sponsored by:
- Presenting sponsor - Chingari Powered by $GARI
- Co-host Sponsor - Paysenger Inc.
- Powered by - Bybit
- Lead sponsor - Fasttoken
- Diamond Sponsor - Unicoin
- Platinum sponsors - Luni, DFG, Consensys, Citadel.One and Decentralised Investment Group
- Strategic sponsor - EarthFund
- Gold sponsors - IoTex; BitMEX; Coincover; Ezil; BitOasis; Empiretoken.world, Limoverse.io and Fellaz
- Silver sponsors - SeedOn; The Joint Data & Cloud Services, Instaraise, Concordium, FinXP Ltd., iMe Lab, Katana Inu, CoinFLEX, Vyfinance, Funganomics and XT.COM
- Bronze sponsors - Finvault Exchange, Nexo, Amber Global Limited, Blatform, Revolve Games, Decentology; The Cloud City Metaverse; and Fanadise
- Badge sponsor - BitMEX
- Ecosystem partner - ECOX
- Pen sponsor - Day Of Defeat
- Lanyard sponsor - Bybit
- Official Media Partner - CoinQuora
- Official Arabic Broadcaster - CNBC
- Lunch Sponsor - Panorama Finance
- Investor Gala Dinner Sponsor - Divi Project
- Coffee Break Sponsor - Constellation Network
- After Party Sponsor - Nicco Global
- Pitch partners - Artessere, The Meta Game Hub, Ethernity, Etheronic, Blockstar Holding, Iomob, Album and Profit Center LTD Kft
- Exhibitors - SDLC Corp, Stake2earn, Listing.Help, Threefold, Unifarm, Peratera, Amaze World, BlockchainX and Rakuza NFT
- Robot sponsor - BlockAura

For more information about WBS Dubai, visit World Blockchain Summit - Dubai, https://tresconglobal.com/conferences/blockchain/dubai/.

About World Blockchain Summit

World Blockchain Summit is a global series of elite gatherings that takes place in 16+ destinations across the world. It connects global blockchain gurus and technology players in this space including emerging startups - with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors, and blockchain developers.

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon specialises in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.

For further details, please contact:
Karthik A
Corporate Communications Manager, Trescon
media@tresconglobal.com
+91 81059 75937

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe 22nd global edition of World Blockchain Summit - Dubai, which is presented by Chingari powered by $GARI; co-hosted by Paysenger.

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