cryptocurrencies
Bitcoin Set to End the Year with a Bang With Biggest Monthly Gain Since May 2019
Bitcoin is on track for its biggest monthly gain since May 2019.
The Rise of Crypto: Why Your Website Should Accept Crypto Payments
Cryptocurrencies are transforming e-commerce, offering cost-effective alternatives to traditional banking, trustless transactions, and blockchain technology for businesses to protect their financial operations and stay competitive.
16.4% of Total Bitcoin Supply Back to Profitability as Daily BTC Addresses Edge Closer to the 1M Mark
16.4% of total BTC supply is back to profits, which indicates that approximately 3.08M BTC were last spent, and thus have an on-chain costs basis in this price range.
Israeli Securities Regulator Seeks Crypto Legal Framework
ISA proposes digital asset regulation. Over 150 firms operate in Israel, and more investors are exposed to digital assets. Over the years, the authority has formed many committees to control cryptocurrency supply and encourage digital markets. It also requires digital asset issuers to publish a prospectus-like document before issuance or trade. After Israel's top economist urged for a more comprehensive regulatory framework to align trading platforms and crypto issuers.
The Bank for International Settlements
Industry executives and authorities have raised worries about crypto market structure after the 2022 meltdown.
Jim Rogers Predicts Economic Bailout Meltdown, Wall Street Investors will turn to Bitcoin Safe Haven
Chairman of Roger Holdings and prolific American investor Jim Rogers warns that the trillion-dollar bailout will lead to an economic meltdown.
Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills
Crackdown on money laundering and fraud in the Chinese crypto space has seen cryptocurrency miners pay the price, as cards linked to crypto have been frozen.
Switzerland to Freeze Crypto Assets Linked to Russians
Switzerland will join the UK, the US, and western allies in strengthening sanctions against Russia after its invasion of Ukraine.
Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.
Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier
To eliminate the pain points associated with crypto like misunderstanding, trepidation, and fear, Unstoppable Domains has collaborated with Fantom to make transactions simpler and easier.
We Have Sufficient Evidence to Identify Actors Behind Massive Hack on Crypto Exchange, says KuCoin CEO
KuCoin CEO has announced that they have found sufficient evidence to identify the criminals behind the massive $280 million hack on the crypto exchange.
Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies
The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress.
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
According to the New York Empire State Index, a weakening of the U.S economy is worrying manufacturers. Meanwhile, Bitcoin and other cryptocurrencies are seeing a rally in their movements.
PrimeXBT: A Comprehensive Review of the Multi-Asset Trading Platform
PrimeXBT is a 2018-founded platform offering trading services for cryptocurrencies, forex, commodities, and stock indices. It offers high leverage options, advanced charting tools, and copy trading functionality. Despite competitive fees, 24/7 customer support, and a mobile app, it lacks regulatory oversight and has limited fiat currency options for deposits and withdrawals. It caters to both novice and experienced traders.
The Number of Ethereum Transfers Hit a Monthly Low
The number of Ethereum (ETH) transfers has dwindled hitting a 1-month low of 24,471.607, as acknowledged by on-chain metrics provider Glassnode.
Ethereum’s Perpetual Swaps Open Interest Tops $8B for the First Time Since May
Ethereum’s open interest continues to be correlated with its price, as acknowledged by data analytic firm IntoTheBlock.
Crypto Price Index Predicted to Revolutionize the Cryptocurrency Market
The Crypto Price Index (CPI) is touted to be an ideal crypto market indicator which will include over 200 of the top traded cryptocurrencies based on market capitalization. Expressly, it is expected to function like the Dow Jones Industrial Average by offering insights about the trading history of the major blockchain projects.
G20 Discusses Crypto Regulations Under India Presidency
G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.
Bitcoin Lightning Network Capacity Breaches 3,000 BTC for the First Time
The Bitcoin Lightning Network has been seeing an uptick in activity because it crossed the 3,000 BTC capacity for the first time.
Public feedback on the SFC's proposed cryptocurrency exchange licensing regime
Hong Kong's Securities and Futures Commission seeks public input on bitcoin exchange registration.
Crypto ATM Market Expected to Hit $1.88B by 2028 with CAGR of 59.2%
The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc.
Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry
Circle CEO wants the US Treasury Department to provide improved regulation that can offer a “meaningful safe harbor” for players within the cryptocurrency.
WorldCoinIndex, CoinGecko, LiveCoinWatch: Who Will Become the Biggest Threat to CoinMarketCap?
Since its inception in 2013, CoinMarketCap has been widely regarded as the leading provider in cryptocurrency pricing and trading data. However, its dominance came into question following the emergence of crypto data sites such as CoinGecko, WorldCoinIndex and LiveCoinWatch. Who is the biggest threat of CoinMarketCap?
Bitcoin Supply is Moving to Strong Hands amid BTC On-Chain Analysis Going Mainstream
The current Bitcoin correction has not dampened the spirits of strong hands, investors who hold for future purposes because they are accumulating more coins.
Venezuela’s Main Airport to Accept Cryptos as Payment for Flight Tickets & Services
Freddy Borges, a director at Simon Bolivar International Airport, said that the airport would accept Dash, Petro alongside Bitcoin for ticket purchases and for other flight services.
49% of Americans are Aware of NFTs: Pew Research Center
Nearly half of Americans have shown awareness of non-fungible tokens (NFTs), according to a survey by Washington-based think tank Pew Research Center.
Binance Gets the Green Light to Operate in Bahrain
Binance makes a new milestone after being granted a crypto-asset service provider license approved by the Central Bank of Bahrain (CBB).
Nepal to Shut Down Crypto Trading Mediums
The crypto industry in Nepal is about to witness further setbacks as the government has started to ban trading mediums for digital assets.
Bank of Japan to Launch CBDC Proof-of-Concept in 2021
The Bank of Japan (BOJ) has revealed its plan to kick start an early proof-of-concept on the issuance of its central bank digital currency (CBDC) next year.
Ethereum Settled Transactions Worth $1.5 Trillion in Q1 of 2021
The Ethereum network settled more transactions in the first quarter of 2021 than it did in 2020.
1inch Network Launches New Hardware Wallet
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020
BTC transaction fees have plunged based on the ongoing Chinese crackdown on Bitcoin mining facilities.
Uniswap allows debit and credit card purchases of cryptocurrencies.
Moonpay, a fintech business, and Uniswap, a company that trades in digital currency, have formed a partnership that will enable users of Uniswap's web app to purchase cryptocurrencies using debit cards, credit cards, or bank transfers. Purchases of cryptocurrencies will also be possible to be made through bank transfers for users of the decentralized exchange. Users in most states in the United States, Brazil, the United Kingdom, and the Single Euro Payments Area will soon have access to the bank transfer option (SEPA).
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation?
Exclusive: Blockchain.News recently had a conversation with Collin Plume, the President and CEO of Noble Gold Investments, regarding whether gold could be a safe haven investment that investors should rely on during turmoil times.
Bitcoin Transferred $98,769 of Value for Just $1 in Fees Last Month, Analyst Says
Despite the consolidation happening in the Bitcoin market, the leading cryptocurrency has emerged as an efficient settlement network based on the low fees charged.
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
Bitcoin, Ether and Other Top Cryptos See Minor Market Recovery
Top cryptocurrencies have made some slight new highs in the midst of the market crash.
New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem
Bitcoin’s Long-Term Fundamentals Remain Strong
Despite the bearish momentum in the Bitcoin market, long-term fundamentals are in the green because coins are moving from weak hands to strong ones.
Ethereum Whales Continue Ramping up, Despite Price Slip Below $4,000
Active whales in Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins.
Almost $98 Billion Evaporated in the Crypto Space Triggered by a Big Sell-Off in the Global Stock Market
About $98 billion has been evaporated in the crypto market as Bitcoin sinks below $30K for the second time since mid-May.
Binance Seeks Reentry to Japanese Market
Japan’s easing crypto approach attracts crypto exchange Binance to ask for reentry to this island nation after failing to do so four years ago due to stringent measures.
El Salvador Buys the Dip for another 150 Bitcoins
Despite missing the bottom by seven minutes, President Nayib Bukele of El Salvador announced that the Central American nation still bought 150 new Bitcoins at the $48K level.
BitMEX’s Daily Spot Exchange Trade Volume Hits $24m Record High
Less than 10 days after launching the spot trading option, crypto exchange platform BitMEX reached a new milestone by hitting a daily trade volume of $24 million.
VanEck's Insights on Digital Assets: Market Observations and Analysis
VanEck's Head of Digital Assets Research, Matthew Sigel, shares market insights and analysis on cryptocurrencies and digital asset technologies.
Bitcoins' Circulation and Address Remain Underwhelming
Bitcoin isn't getting a ton of utility to kick off January, as its circulation and active address are remaining underwhelming.o
US Treasury Department Warns Regulators of Potential Risks of Digital Assets
The Financial Stability Oversight Council (FSOC) of the US Treasury Department has released its annual report with a crucial warning of digital assets disruption.
USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock
Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space.
Bitcoin Needs to Sustain the Level Around $32.2-33K as Support to Strengthen an Upward Momentum, says Market Analyst
Market analysts believe that the renewed upward momentum in the BTC market will sustain if the range between $32.2 and $33K got support.
Crypto and NFT Communities Respond to Turkish Earthquake Relief Efforts
Many firms in the field have donated funding, on-the-ground help, and even future NFT charity efforts.
Coinbase Launches Crypto Card Connecting with Apple Pay & Google Pay
A select group of Coinbase customers can now utilize the firms crypto debit cards to make purchases while earning rebates.
Bitcoin Whales Are Accumulating Behind The Scenes Adding 50,000 BTC to Their Wallets
Another shocking tweet by Tesla CEO Elon Musk lead to Bitcoin (BTC) plunged by more than 5% after touching the $40,000 level.
At Least 16% of Americans Have Invested in Crypto: Pew Research Center
A recent survey from the Pew Research Center has drawn an insight into the popularity of emerging digital currencies amongst Americans. At least 16% of respondents say they have invested in crypto.
Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.
117 Smuggled Crypto Mining Machines Seized by Iranian Police
The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.
Ethereum Total Liquidity in DeFi Protocols Climbs to $90.7B, Despite Price Slip
The dominance of Ethereum in the DeFi ecosystem continues to gain steam because total value locked (TVL) in this space surged by 14.43% to hit $90.7 billion.
U.S. National Republican Congressional Committee To Accept Crypto Donations Through Bitpay
U.S. National Republican Congressional Committee (NRCC) is changing its strategy to accept crypto donations through Bitpay.
Ethereum Whale Transactions Ballooned to Levels Since January 2018
On-chain metrics provider Santiment acknowledged that ETH whale transactions went through the roof in the past week.
Coinbase ($COIN) Begins Trading on Nasdaq, Marking a Historic Moment for Crypto
Coinbase officially started trading its stock on the Nasdaq US Stock Exchange on Wednesday, April 14.
Bitcoin Lost Over $500 Billion in Market Capitalization With the Latest Correction
The downtrend witnessed in the Bitcoin market has caused the top cryptocurrency to shed more than $500 billion in market cap.
Bitcoin Hashrate Resumes More Than Doubles Amid BTC Being up by More Than 441% since the Halving
Bitcoin’s hashrate has been on the right footing because it has resumed more than doubled after falling by 50% amid intensified crypto mining crackdowns by Chinese authorities.
Crypto Needs a Balanced Approach for an Enhanced Global Outreach, PayBito CEO Says
For crypto’s full potential to be harnessed, striking a balance between divergent patterns and enhancing diversity at all levels is needed, according to Raj Chowdhury, the CEO of crypto trading platform PayBito.
Bitcoin Needs to Hold Above $55,000 for It to Test New Highs, says Market Analyst
Market analyst and trader Michael van de Poppe has disclosed that BTC needs to hold above the $55K price level if it is to rally higher.
The Sale of Perth Glory FC Seems Dead in the Water Based on the Crypto Firm’s Dark Past
The proposed sale of Perth Glory FC, an Australian soccer club, has been thrown into disarray following allegations that the potential buyers have an ongoing fraudulent misrepresentation case in the UK High Court. The claims point out that London Football Exchange (LFE), a London-based cryptocurrency company, and its owner Jim Aylward were facing a $2.2 million USD lawsuit brought forth by a Turkmenistan oil trader.
Sky-High Transaction Fees are Driving NFT Users Away from Ethereum, says JPMorgan
A decreased return in Ethereum's NFT market share is attributed to congestion and high gas fees.
Dogecoin: Not All Cryptos Are Created Equal
What do Elon Musk, Snoop Dogg, and Gene Simmons have in common? They've all come out as proponents of Dogecoin, the one-time joke cryptocurrency. While Doge might be spiking, it's important to remember that no all cryptos are created equal.
President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor
John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018.
NY Fed's digital currency Test Reveals Feasibility
The Innovation Center of the Federal Reserve Bank of New York (NYIC) has successfully completed its proof-of-concept of a regulated liability network (RLN), which was carried out in collaboration with nine significant financial institutions and the Swift network.
Ethereum is Set to Become Deflationary after the London Hardfork Went Live
Ethereum is expected to become deflationary, given that its value is anticipated to continue increasing with time on the foundation of slashed supply prompted by the London Hardfork or EIP 1559 upgrade.
Binance Rolls Out Crypto Education Tour in 5 French-Speaking African Nations
To propel blockchain adoption and financial accessibility on African soil, crypto exchange Binance has launched a crypto education tour in five french-speaking countries.
South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding
A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.
SoftBank CEO Does Not Understand Bitcoin Despite $200 Million Investment in BTC
After investing about $200 million in Bitcoin, SoftBank's CEO, Masayoshi Son reveals he does not understand Bitcoin.
China’s Crypto Mining Clampdown Sparked by Illegal Coal Extraction
China’s latest crackdown on cryptocurrency mining was prompted by an increase in the illegal coal extraction.
Mike Novogratz Believes Bitcoin Will Solidify Bill Gates' GOAT Status
Galaxy Digital founder and CEO Mike Novogratz believes Bill Gates could gain and solidify his status if he owned Bitcoin.
Florida Governor Reveals Plan to Permit Crypto Tax Payments
Speaking at a press conference, Florida Governor Ron DeSantis disclosed plans to roll out a cryptocurrency payment option for businesses remitting taxes.
Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset
Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1.
Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%
Bitcoin miners have been on the right footing after relocating other areas like the United States, Kazakhstan, and Iraq because the hashrate has nearly fully recovered based on a 93% surge.
Bitcoin is Now Worth More Than Warren Buffett’s Berkshire Hathaway with a Market Value of $540 Billion
The price surge past $29,000 has made BTC worth more valuable than Warren Buffett's Berkshire Hathaway.
Cryptocurrency Has No Inherent Worth, But Creates Trading Opportunities for Businesses, Says Man Group CEO
Luke Ellis, the CEO of Man Group, admitted that cryptocurrencies have no inherent value, but their volatility makes them good trading instruments.
Crowd Sentiment Towards Bitcoin Hit Historic Lows as BTC Addresses in Profit Reach a Monthly Low
On-chain metrics provider Santiment acknowledged that FUD (fear, doubt, and uncertainty) has made crowd sentiment towards BTC sink to historic lows.
Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle
Under Act 60 or the Individual Investors Act, non-Puerto Rican residents get exempted from paying capital gains for investments realized, and this is one of the factors attracting crypto investors.
Bitcoin’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover
Bitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%.
Sofi Launches Into Cryptocurrency Trading with Sofi Trading
The existence and relevance of Bitcoin and other cryptocurrencies have stirred interest from different businesses across various sectors. This is accompanied by the launch of Sofi's exchange platform which offers to make the process of trading more seamless
Ethereum Breaches $2,500 and Achieves Its Highest Daily Close
Market analyst Lark Davis has acknowledged that Ethereum has attained the highest daily close ever, topping $2,500, which is bullish.
Bitcoin Transaction Volume Hits a Monthly Low as Consolidation Continues
Bitcoin has found itself in a consolidation state based on low transaction volume.
Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption
The Bitcoin Lightning Network continues going through the roof by making historic highs.
Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator
Financial experts are advocating for digital currency innovation and activities to be subsumed into the banking industry, a move that will let regulators permit their overall growth.
Bitcoin Investors Buying at the Dip Declines, Signaling a Potential Upward Momentum
Analysts acknowledged Bitcoin traders were on a go-slow as they were not buying the dip. Still, this doubt and disinterest was a positive sign of an upcoming turnaround.
Honduras Establishes Bitcoin Valley in Santa Lucia to Boost Crypto Opportunities
Honduras has entered the cryptocurrency trend after launching “Bitcoin Valley” in Santa Lucia meant to spur more opportunities in the digital asset space.
OKEx Delves Deeper Into Indian Crypto Space with CoinDCX Partnership
OKEx, a leading Malta-based crypto exchange, has shown its resilience to penetrate the Indian crypto market despite the roaming uncertainties based on its partnership with CoinDCX, the nation’s biggest crypto trading platform.
Crypto Deals Catch the Eye of Bigger Players, Triggering Price Surge
Fundraising by crypto companies has seen a surge in valuations as bigger players are pushing prices upwards.
Ethereum Outperformed Bitcoin Since June Bottom, Up by Nearly 100%
Ethereum (ETH) has scaled heights more than Bitcoin (BTC) since they both hit 2-year lows in June.
Nigeria Tops in Global Crypto Ownership, With Nearly Half of the Population Being Crypto Users or Owners
With cryptocurrencies being one of the technological innovations taking the world by storm, Nigeria takes the lead in terms of crypto ownership, a survey suggests.
Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance
To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.
Bybit Partners with Actant to Provide Traders Innovative Crypto Tools
Singapore-based crypto exchange Bybit has joined hands with Actant, a trading solutions provider by offering new trading tools for traders.
Justin Sun: Tron Network is Holding 3000 Bitcoin
Tron network, a blockchain-based decentralized operating system, is hosting 3,000 Bitcoin (BTC) configured as BTCTRON, according to its CEO and founder Justin Sun.
Father of two facing the dire prospect of losing his family forever
A two-year bitcoin trading addiction cost a Redditor $180,000 and maybe his wife and family.
Total Value Locked in DeFi on Ethereum Crosses $100 Billion as ETH Address Profitability Clocks 100%
The total value locked (TVL) in DeFi on the Ethereum network breached the $100 billion mark as demand continues to soar.
Ethereum staking service Rocket Pool reaches $1 billion in total value
Decentralized network operators get 7.26% annually.
Despite Interest Rate Hike, Bitcoin is at an Inflection Point - Bloomberg Strategist
As Bitcoin continues ranging between the $29K and $30K zone, the leading cryptocurrency’s inflection point is at $30,000, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.
Africa Records the Largest Bitcoin P2P Volume Growth
Africa continues to stamp its authority in the crypto space based on the significant Bitcoin peer-to-peer volume growth witnessed in the continent.
Ethereum Breaks Past $2,000 for the First Time as DeFi's Total Revenue Hits $800 Million
Ethereum (ETH) is on fire as it continues making record-breaking moves. Ether has broken the record by surging past the $2,000 mark across major exchanges.
Bitcoin Futures Perpetual Funding Rate Turns Positive as BTC Balance on Exchanges Slip to a 3-Year Low
A surge in Bitcoin's price has been instrumental in flipping BTC futures perpetual funding rate positive.
Jewellery Provider SFLMaven Rolls Out Bitcoin Payments, Eyeing for Metaverse
SFLMaven, a luxury jewellery and goods provider, has started accepting Bitcoin payments in the real world and the metaverse for high-end vintage jewellery items.
Gemini's Winklevoss Twins Willing to Dive into Facebook's Libra Project
Winklevoss twins, the Gemini Founders have made a revelation about a possible partnership with Facebook on the Libra Project.
Alex Gladstein Fights Government Corruption
Human Rights Foundation CSO Alex Gladstein thinks Bitcoin can improve democracy and combat state corruption by restricting government and institutional authority.
Ethereum’s Non-Exchange Whales Record the Highest Tokens in their Custody Since 2016
New data by on-chain metrics provider Santiment reveals that Ethereum’s non-exchange whales are on an accumulation spree as they continue buying more ETH.
Bitcoin’s On-Chain Data Shows a Pattern of Accumulation is in Play
The Realized Cap HODL Waves indicator, as availed by Glassnode, illustrates a pattern of accumulation is in play in the BTC market.
Bitcoin’s Institutionalization Increases 4-Fold to Hit Weekly Average of $1.9T
Since institutional investments started trickling into the Bitcoin (BTC) network, the leading cryptocurrency has prompted exponential growth.
India’s Central Bank Clears the Air on Cryptocurrencies not Being Outlawed
India’s central bank, the Reserve Bank of India (RBI), has stated that it had not prohibited cryptocurrencies, such as Ethereum and Bitcoin, in the nation as it only highlighted the risks linked to crypto trading to regulated entities like banks.
Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?
The crypto market continues to be in the red based on more liquidation. As a result, the leading cryptocurrencies are in the fear zone.
Purpose Ether ETF Inflowed Surge Past 50,000 ETH
The world’s first Ether Exchange Traded Fund (ETF) by Purpose Investments surpassed 50,000 ETH recently.
Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?
Despite the Federal Reserve (the Fed) increasing interest rates by half a point (0.5%), Bitcoin soared by 6% to reach $40,002.
Top Crypto Firms That Laid Off Staff Recently
The crypto industry has witnessed a massive downturn, losing about $2 trillion in value since hitting a peak in November.
Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.
Dallas Cowboys Signs Deal with Blockchain.com, Becomes 1st NFL Team to Enter Crypto Space
Dubbed as the first crypto deal in the National Football League (NFL), the Dallas Cowboys have chosen cryptocurrency platform Blockchain.com as its “exclusive digital asset partner.”
Bitcoin is in a Temporary Low, Crypto Whales Buy the Dip
Bitcoin is most likely in a temporary low in but BTC whales are taking advantage of the situation by accumulating more coins.
South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State's Definition of Money
Governor Kristi Noem of South Dakota has vetoed House Bill 1193, which sought to exclude cryptocurrencies from the state's definition of money. The governor believes that the bill would put South Dakota at a disadvantage and potentially lead to future overreach from the federal government in issuing a digital dollar.
Telecommunications Giant Deutsche Telekom Invests in Blockchain Payments Platform Celo
Deutsche Telekom, a German-based telecommunications company, has entered the crypto space by investing in Celo, a San Francisco-based blockchain payment platform that offers crypto on mobile phones.
Casino Trends in 2024: What You Need to Know
The US online casino industry is expected to reach $7.8 billion in 2024, driven by instant play casinos, tech innovation, and the potential for collaborations and cryptocurrencies.
Investors Should Brace Themselves and Get Ready for Bitcoin's Second Bull Run, says Crypto Analyst
Crypto analyst Lark Davis believes that the second wave of Bitcoin's bull run is on the verge of beginning after the first wave sent BTC to an ATH of $58,300.
Long-Term Bitcoin Holders are Accumulating Coins After Trimming Their Positions in the Early Bull Run
Long-term Bitcoin holders see the present steep plunge as the perfect opportunity to accumulate more coins.
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.
American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses
An American fraud fugitive wanted by the US Federal Bureau of Investigation (FBI) for a $722 million cryptocurrency scam has been nabbed in Jakarta, Indonesia, for child sex crimes.
Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched
Despite the bearish momentum experienced in the Bitcoin (BTC) market, long-term hodlers remain steadfast because they are not selling.
Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts
Be cautious of fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts.
US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto
The United States Federal Reserve has raised its interest rates by 25 basis points, the first time in about three years it will be making such a move since Dec. 2018. The implications for crypto is considered.
Ethereum Miner Revenue Plunges to a 4-Month Low
Ethereum miner revenue reaches a 4-month low of $1,096,941.17, analysts suggest Ethereum needs to reclaim $2,100 level for reclaiming bulls market.
UK Watchdog Proposes Tougher Advertising Rules
If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.
Bitcoin Surged for Eight Consecutive Days, a Feat since December 2020
Bitcoin has been on an upward trajectory for eight consecutive days, as revealed by crypto analytic firm CryptoCompare.
Second Bitcoin Whale Spotted Holding At Least 100,000 BTC Worth $2.8 Billion
For the first time since June 24th 2020, Bitcoin has a 2nd whale address with 100k+ BTC tokens held, according to on-chain data provider Santiment.
Is Bitcoin Gearing Up for Consolidation Before Triggering a New Bullish Cycle?
With Bitcoin (BTC) hovering around the 200-week moving average (MA), some analysts believe that the top cryptocurrency might be laying grounds for a ranging market that would, later on, prompt a bullish cycle.
Bitcoin Corrects after Hitting ATH at the $66,900 Level, Holders Remain Unfazed
Holders remain unperturbed about the current correction in the Bitcoin market if history is to repeat itself.
Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem
The University of Cambridge has rolled out a multi-year research initiative with 16 key financial institutions like WorldBank, IMF, and MasterCard to shed more light on the rapidly evolving crypto-asset ecosystem.
Bitcoin Whale Holdings Hit a 7-Month High, Despite Retail Investors Panicking
The $38K to $40K zone of Bitocin is proving to be a hard nut to crack in the market. Nevertheless, BTC whales have been accumulating heavily in this area.
Bitcoin Supply on Exchanges Slip to Lows Last Seen in May 2019 Amid the Lightning Network Recording Exponential Growth
Bitcoin (BTC) supply on crypto exchanges has been nosediving because it hit a 28-month low.
Federal Reserve Chair Powell Sees Interest Rate Hike this Month
Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain.
South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader
A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.
Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong
Singapore-based cryptocurrency exchange Huobi is considering expanding into Hong Kong, where regulatory changes are underway.
El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts
With the crypto market witnessing massive liquidations affecting retail and institutional investors, El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg.
Bitcoin Holdings in Public Company Treasuries Exceed 200,000 BTC
Institutional investors continue to show their confidence in BTC, given that Bitcoin in public company treasuries has surpassed 200,000 BTC.
Binance tightens NFT rules, announces delistings and KYC
Binance has tightened NFT listings. Binance will delist NFTs having an average daily trading volume below $1,000 listed before Oct. 2, 2022. After that, NFT artists may only manufacture five digital collectibles every day.
Bitcoin’s Average 30-Day Trader Returns Haven’t Dipped This Low Since Black Thursday
On-chain metrics provider Santiment revealed that the latest correction in the market has made Bitcoin’s average 30-day trader returns slip to lows not seen since Black Thursday.
The Number of Bitcoin Addresses Holding At Least 1,000 BTC Hit a Monthly Low
The number of BTC addresses holding more than 1,000 Bitcoins plummeted ``to a1-month low of 2,152.
Blockchain.com Accepts Visa Debit Cards for Crypto Payment
Blockchain.com has launched Visa debit cards to enable users to spend from their crypto balances free of charge, with the opportunity to gain cryptocurrency rewards.
Coinbase's Intention to Sell Blockchain Analytics Software to US Government Watchdogs Created Backlash from Crypto Community
Leading American cryptocurrency exchange, Coinbase plans to sell its blockchain analytics software called "Coinbase Analytics" to the US Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS). This decision is not sinking in well with the crypto community because the software will offer identity attribution for domestic and international cryptocurrency addresses to the US government agencies.
Blender is relaunched as Sinbad
Elliptic, a crypto risk management organization, hypothesized that Blender renamed to Sinbad to "earn confidence from users" and escape fines.
The Truth Behind Crypto and Online Gambling
Internet proliferation has enabled cryptocurrencies to emerge as convenient payment avenues in online gambling as hundreds of betting sites offer this option acting as the icing on the cake in this sector.
Australia’s Finance Minister Warns Crypto are High Risk Assets
Australia’s Financial Services Minister Jane Hume warned that the cryptocurrencies are volatile and high-risk assets, investors must be aware of risk after the recent massive price correction of the global crypto industry.
Crypto.com Partners with Leading Tax Providers to Simplify Reporting Process
Crypto.com, a pioneering payment and cryptocurrency platform, has partnered with three reputable tax providers namely, Token Tax, CryptoTrader Tax, and CoinTracker for simplified tax reporting with the click of a button. This decision was arrived at following requests by the Crypto.com community to be tax compliant.
Ethereum Open Interest Hits All-Time High as 100% of ETH Addresses in Profit
Ethereum open interest hits an all-time-high and 100% of ETH addresses are now in profit.
Bitcoin Still Needs Time to Form a Resilient Bottom, Glassnode Suggests
A report from Glassnode suggests the Bitcoin (BTC) market still has not touched the bottom, despite capitulation happening.
Crypto Is Going to Make Many People Wealthy, says Market Analyst
Market analyst and trader Michael van de Poppe believes that crypto is going to make many people wealthy.
Ethereum’s Address Activity is Growing Again Following the Recent Panic Selloff
On-chain metrics provider Santiment has acknowledged that Ethereum is gaining momentum as address activity in this network is growing again.
MicroStrategy Acquires Extra 13,005 Bitcoins, Owning Over 100,000 BTC
MicroStrategy CEO Michael Saylor confirmed the firm acquires additional 13,005 Bitcoins, by spending roughly $489 million in cash at an average price of around $37,617 per bitcoin. The company now owns over 100,000 BTC.
Gemini Exchange Inks Deal with Samsung to Boost Crypto Adoption
Gemini, a leading American crypto exchange, has struck a deal with tech giant Samsung Electronics to bring crypto closer to Samsung Blockchain Wallet users in Canada and the United States. This integration will make users connected to the Gemini mobile app where they can buy, sell and trade cryptocurrencies.
Ethereum Outflows from Exchanges Continue Increasing Amid a Roaming Supply Squeeze
A holding tendency continues to be illustrated in the Ethereum network based on ETH outflows from crypto exchanges.
Korea's Financial Services Commission Officials Mandated to Declare their Crypto Holdings
Korea's Financial Services Commission employees are to report their digital currency holdings by May 7, as there have been concerns about insider information.
Solana Takes the Helm as the Most Staked Crypto, Cardano Goes Second
Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value of $78.49 billion.
Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%
Institutional demand for Bitcoin does not seem to be fading based on the large transactions volume witnessed, according to a report by IntoTheBlock.
Ethereum’s Market Capitalization of $500 Billion Will Need To Double to Flip That of Bitcoin
Ethereum’s remarkable bull run has pushed its market capitalization to the $500 billion level for the first time.
Slow to Incorporate Crypto Regulations Could Fuel Arbitrage Risk: French Central Banker
Francois Villeroy de Galhau, the governor of the French Central Bank, has warned of the risks of arbitrage that may be fueled by uneven crypto regulations on the global scale.
New Wave of Green Energy Programs Influence Crypto Mining Sector
The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.
Digital Asset Investments Surge to $117 Million
Last week, digital asset investment products experienced record inflows and volumes.
As Bitcoin Stares at the Psychological Price of $20,000, Will it Hold?
After months of consolidation between the $28K and $32K zone, a bullish or bearish run was imminent, and Bitcoin (BTC) has taken the latter route.
Crypto Supports Formula 1 Racing in Modern Technology , Says Mercedes Lead
With 8 of the 10 teams in the 2022 Formula 1 (F1) grid featuring at least one crypto sponsor, Mercedes team principal Toto Wolff believes that cryptocurrencies are part of modern technology that cannot be avoided.
Cryptocurrency Industry Nears a $1 Trillion in Value Thanks to Bitcoin and Ethereum
The crypto market’s total value is edging closer to the $1 trillion mark thanks to its notable uptrend in recent weeks and the bullish gains of BTC and ETH.
Strong Hands Have Been Pushing Bitcoin Price Steeply Upwards Since Q4 2020, says Crypto Analyst
Popular market analyst Willy Woo has revealed that strong hands are the engine behind the current Bitcoin bull run because serious investors have been buying every dip.
Bitcoin Withdrawals from Exchanges Surge to a 17-Month High
New data from Glassnode reveals that Bitcoin (BTC) withdrawals from crypto exchanges have hit a 17-month high of 2,288.125.
Bitcoin is Showing Great Resilience Considering the Surging 10-Year Treasury Yield
Crypto analyst and investor Joseph Young has disclosed that BTC is showing considerable resilience despite unfriendly market forces like the surging 10-year treasury yield.
Celsius Network Shares Details of Its Creditor as it Raises Cyber Threat Concerns
Bankrupt cryptocurrency company Celsius Network has disclosed the information of its creditors in a filing recently provided in court, including names, addresses, amount owed, and email addresses amongst others
More Than 1,000 Crypto Deals Sealed for Venture Capital Firms, Worth $17bn in 2022
Venture Capital (VC) firms continue penetrating the crypto sector, given that they have pumped in $17 billion so far this year.
Bitcoin’s Long Liquidation Dominance Hits an 8-Month High at 69%
Having traded below $45,000 for seven days now, Bitcoin (BTC) has been in the red based on significant liquidation.
ING Poll Reflects That Austrians are The Most Skeptical Towards Crypto
A giant in Austria had revealed that Austrians are the most skeptical people towards Bitcoins and cryptocurrencies in general.
Bitcoin’s Social and Trading Volumes Hit a 5-Week High as Address Activity Surge to a 3-Week High
As Bitcoin (BTC) continues testing the $40K waters, its social and trading volumes are going through the roof, as acknowledged by on-chain metrics provider Santiment.
The Tale of Ethereum’s 6-Year Journey from Lows of $0.4 to Highs of $4650
ETH has shined so far this quarter because after setting an all-time high (ATH) of $4,400 recently, it soared to new historic highs of $4,650.
China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining
Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, according to local media, citing an acute power shortage.
More Than $40,000 in Bitcoin Donations Towards Tonga, after Catastrophic Volcanic Eruption
The Bitcoin community is taking part in a noble cause of helping Tonga recover from a disastrous volcanic eruption that hit the nation on January 15, with more than $40,000 already donated.
ETH Miner Balances Recovering with its Transactions Hitting $2.5 Trillion in Q2 of 2021
This renewed Ethereum momentum is propelling ETH miner balances on the road to recovery.
WisdomTree cryptocurrency funds lose value in fourth quarter
Despite rising revenues and fund inflows, the $82 billion fund manager posted a fourth-quarter net loss.
Nearly 67% of UAE Residents are Interested in Crypto Investments, Study Shows
In the next five years, 67% of residents in the UAE will be interested in entering the crypto space, according to a survey by British market research and data analytics firm YouGov.
Bitcoin Needs to Flip $38K-$40K Area, Gaining Sustainable Bullish Momentum
The plan of raising the interest rate proposed by the U.S. Federal Reserve has dented Bitcoin’s upward move because the leading cryptocurrency ranges between the $33K and $38K zone.
Cardano Elbows Ripple to Take 6th Position, Thanks to Heightened Development Activity
Cardano (ADA) has been scaling the heights because it is now the sixth-largest cryptocurrency after dethroning Ripple (XRP) with a market capitalization of $20.71 billion, according to CoinMarketCap.
CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations
Chair Rostin Behnam said the CFTC was "ideally positioned" to solve crypto regulatory shortcomings, but legislators needed to provide it power.
Crypto is No Longer Men Club as More Female Entering the Space, Study Shows
A study finds more women are participating and investing in this crypto sector, which men no longer dominate in terms of gender.
Coinbase Becomes the First Crypto Firm to Be Awarded Visa Principal Membership
Coinbase has just announced to have been approved as Visa principal member. The partnership will make it easier for consumers to spend their cryptocurrencies around the world leveraging Visa's global network.
Ethereum Hits Fresh Record High of $3000
Ethereum has hit an all-time high of $3000 for the first time in its history, making it more valuable than PayPal and the Bank of America in terms of market cap.
New Market Entrants Caused the Recent Bitcoin Panic Selling, says Glassnode
Yann & Jan, the co-founders of on-chain metrics provider Glassnode, have noted that the recent Bitcoin price drop was triggered by new entrants in the market.
Rehab Centers Add Services for Crypto Trading Addicts
A posh Spanish rehab institution now treats crypto traders.
Japan to Adopt New Stablecoin Regulations
Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC).
Germany to Permit Institutional Funds to Invest Billions in Crypto Assets for the First Time
The German administration is set to green-light legislation on Monday, which will permit institutional funds to invest as much as 20% in crypto assets like Bitcoin.
Bitcoin Gains Strong Momentum as It Surpasses the $48K Barrier
BTC has gained its momentum, as acknowledged by crypto analyst Joseph Young because it is up by 6.1% in the last 24 hours to trade at $49,001 at the time of writing,
Bybit CEO clarifies company's exposure to Genesis
Bybit CEO confirms $150 million Genesis Global Trading exposure. The crypto community has moved on from FTX's bankruptcy to other loan businesses, some of which are suing parent company Digital Currency Group.
SPAC CFO Sentenced to Prison for Embezzling $5M
Cooper Morgenthau, former CFO of African Gold Acquisition Corporation, was sentenced to three years in prison for embezzling $5 million from three different SPACs. Morgenthau used the embezzled funds to trade cryptocurrencies and meme stocks, losing almost all of the money. He then provided falsified documents to the company’s accountants and raised $4.7 million from private investors based on fraudulent claims. Morgenthau has been ordered to forfeit $5.1 million and pay restitution of the same amount.
North Korea Stole Over $1 Billion in Crypto in 2022
According to a UN study, North Korea stole more bitcoin in 2022 than ever before and targeted multinational aerospace and military industries.
Not Just Bitcoin - Ethereum and Altcoins Gain Bullish Momentum
Ethereum's record-breaking momentum indicates that investors are increasingly taking an interest to altcoins and that Bitcoin's dominance in the crypto sector has slightly declined.
LocalBitcoins Hits New Milestone, Reaching 200,000 Mobile App Downloads
LocalBitcoins, the world’s leading P2P Bitcoin marketplace, is scaling the heights because its mobile app available on iOS and Android surpassed 200,000 downloads, with 5 more languages incorporated.
Bitcoin and Ethereum Trading Volumes Go Through the Roof
History has been made with $34.8k BTC and $1,090 ETH with both Bitcoin and Ethereum recording new all time highs in trading volume.
76.7% of Bitcoin Supply is Illiquid- What This Means
On-chain analyst William Clemente III noted that Bitcoin price could continue going up in the long term because 76.7% of Bitcoin is illiquid.
Ethereum 2.0 Hits a New Milestone with a Deposit of More Than 9 Million Ether
More investments continue trickling into Ethereum 2.0 because 9.01 million ETH has been staked.
Are Bitcoin Miners Earning Minimum Reward as Hash Price Plunged to Historic Lows?
The revenue of Bitcoin miners continues to dwindle, given that the hash price has nosedived to historic lows of $66,500 per Exahash, according to Glassnode.
Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population
Crypto adoption continues to experience an uptick, given that users are currently at the 300 million mark.
The Number of Bitcoin Addresses in Profitability Breaks the Record, Price Inches Closer to ATH of $64,800
The number of Bitcoin addresses in profit has reached a record high of 37,396,654.839. The market is expecting Bitcoin to break through $64.8K ATH level.
Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant to swindle them.
Crypto is Unable to Solve Modern Moneatry Problems, Says Economics Scholar
Hans-Joachim Voth, a Professor of Economics at the University of Zurich, said he has not seen cryptocurrencies able to tackle modern monetary problems.
Litecoin vs Ethereum: The 8 Differences that You Should Know
Litecoin and Ethereum have proven to be among the most fundamental digital assets in the crypto space. According to the Coin Market Cap, Ethereum is ranked the second most popular cryptocurrency after Bitcoin, whereas Litecoin is ranked seventh. Despite their popularity, their intentions are entirely different. It, therefore, becomes crucial to comprehend their unique aspects.
Unknown Sources Target Crypto Investors with Malicious Computer Programs
Since December 2022, MortalKombat ransomware and Laplas Clipper malware threats have been searching the Internet for unsuspecting cryptocurrency investors.
India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets
In a dramatic turn of events, India has decided to regulate cryptocurrencies with a major move introducing crypto taxation on all transactions involving digital assets.
SushiSwap to Redirect Trading Fees to its treasury
SushiSwap will shortly transfer all trade fees to its treasury. 99.85% of voters "clawbacked" 10,936,284 unclaimed SUSHI ($14.8 million) tokens.
Bank of Israel Has Conducted Digital Currency Shekel Crypto Testing
Israel announced that the country has already conducted a pilot test on its digital shekel as part of its efforts to issue the Central Bank Digital Currency for public use.
Mastercard Expands Consulting Services to Crypto
Mastercard Inc is expanding its consulting services and is making commitments to a number of innovations in the cryptocurrencies market.
Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown
Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub following the turmoil that was continually rocking Kazakhstan.
Women Taking on the Mantle of Leadership in Blockchain and Crypto Law
Women cryptocurrency and blockchain lawyers are taking the helm in several major law firms as they are leading blockchain practice groups in at least a half-dozen reputable law firms, such as McDermott Will & Emery, Morrison & Foerster, and Goodwin Procter.
ShapeShift Responds to Elizabeth Warren
Shapeshift responded to Senator Warren's Valentine's Day Senate hearing statements on Twitter on Feb. 19.
Bithumb Touts Indian Alliances for its New Blockchain Protocol
Bithumb Global, one of the biggest cryptocurrency exchanges globally, has announced its intent of availing its new blockchain protocol in India. Dubbed 'Bithumb Chain,' the South Korea based exchange seeks to avail it to Indian startups, companies and even the administration for developing products and services on the foundation of blockchain technology.
South Korea's Banking Association Cautions Against Growing Altcoin Influence
The Korea Federation of Banks wants its members to keep track of altcoins that trade on crypto exchanges.
Total Value Locked in DeFi Jumps to $208 Billion with Ethereum Taking the Lion’s Share
According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208.03 billion.
Bitcoin Briefly Slips Below $20K amid Fed Chair’s Revelation that Rate Tightening will Continue
Bitcoin (BTC) nosedived below the psychological price of $20,000 as recession, and rate tightening fears engulfed the market.
Buying Pressure on Bitcoin Dwindles as more BTC Moving to Exchanges
Bitcoin’s bearish momentum continues, data shows more Bitcoins are transferring to exchanges from cold wallets, which means the selling pressure is on the rise.
Russia to Permit Partial Bitcoin Mining
Despite the back-and-forth stance toward crypto in Russia, serval Russian departments have reached a consensus that Bitcoin mining should be legalized in areas rich in electricity.
Biden To Aim at Deal With The Role of Crypto in Ransomware Attacks at G7 Meeting
Ransomware attacks and the role of cryptos like Bitcoin is a concern to the U.S. President Joe Biden is set to address with the G7.
Bitcoin Inflows to Exchanges on the Rise, Which Could Signal a Bearish Momentum
An increase of Bitcoin inflows to crypto exchanges is being witnessed.
Russian Prime Minister Calls for Civilized Approach to Crypto Regulation
Mikhail Mishustin, the Russian prime minister, has stated that the cryptocurrency market ought to be advanced in a civilized manner.
Non-Zero Bitcoin Addresses Hit ATH as Illiquid Supply Sees Major Growth
More participants continue to join the Bitcoin (BTC) network despite continued consolidation.
LG Electronics Expands Business in terms of Blockchain Technology & Crypto
As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter.
Indian Woman Caught After Stealing 63.5 Bitcoins From Company She Co-Founded
Ayushi Jain, a 26-year-old Indian woman, has been arrested by police after she stole 63.5 Bitcoins worth approximately $420,000 from Bengaluru-based BitCipher Labs LLP, a company she co-founded with Ashish Singhal.
Bitcoin Breaches Psychological Level of $30K amid Dollar Index Slipping
After printing nine consecutive weekly red candles, a scenario not seen in its 13-year journey, Bitcoin (BTC) is back to winning ways after topping the psychological price of $30,000.
China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights
The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
Galaxy Digital invests $44 million in institutional bitcoin custody platform GK8 to integrate its asset storage and management capabilities.
Bitcoin Slips to 4-Month Low as Kazakhstan Internet Shutdown Hampers Mining
Bitcoin dropped below $42K for the first time since September 2021 as the market remains in the red.
Binance Admits to Storing Customer Funds in the same wallet
Binance maintains certain client assets in the same wallet as its collateral for in-house tokens. Binance moved the funds to collateral wallets after the disclosure. B-Tokens are 1:1 collateralized, according to the company.
British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack
The British Army recovered from crypto scams after hackers breached its YouTube and Twitter accounts on July 3.
Binance Unveils Crypto-Powered Debit Card in Europe For Seamless Transactions Across 60 Million Merchants
Leading crypto exchange Binance has rolled out the Binance Card, a crypto debit card, in Europe that will enable users to convert their stored cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Swipe (SXP), and Binance USD (BUSD) to fiat and spend them at more than 60 million merchants worldwide.
Long-Term Hodlers Remain Unfazed, Despite Bitcoin’s Sentiment Hitting Rock Bottom
As Bitcoin stagnates between the $29K and $30K levels, sentiment about the leading cryptocurrency has nosedived to levels last seen during the onset of the Covid-19 pandemic in March 2020.
India's Central Bank Slammed with a Two Week Crypto Ban Ultimatum
India's central bank has been slammed by the nation's supreme court about the stance it took in banning cryptocurrency business. It was given two weeks to give a concrete response to justify its actions.
Bitcoin’s Taproot Upgrade Launch in Three Days, Smart Contract Capabilities to be Unlocked?
Within around three days, Bitcoin’s Taproot will go live. It is arguably the most anticipated and vital upgrade to the BTC network since the Segregated Witness (SegWit) improvement in 2017.
Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows
More women are investing and trading cryptocurrencies in Turkey as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.
Bitcoin Eyes for Bigger Move, says Market Analyst
Some market analysts believe Bitcoin aims at a bigger move as the volatility will soon go through the roof, saying another volatility is coming.
Jackson City in Tennessee Plans to Accept Property Tax Payment in Bitcoin
US Jackson City in Tennessee State intends to permit its residents to pay property tax in Bitcoin, Mayor Scott Conger reveals.
Bitcoin Supply Gets Back to Long-Term Holders
Bitcoin supply is finding its way back in the hands of long-term holders.
53% of the Top 100 Cryptocurrencies are Trading Below Their 200-Day Moving Average
Due to massive liquidations experienced nearly two weeks ago, 53% of the top 100 cryptocurrencies have not fully recovered because they are still trading below their 200-day moving average.
Bitcoin Online Courses Skyrocket by 300% in The Wake of Coronavirus
Many people are enrolling for cryptocurrency and Bitcoin online courses as coronavirus (COVID-19) has necessitated measures like quarantines, social distancing and lockdowns. As the world continues grappling with this infectious disease, people have been made to change their daily lifestyles and settle for alternatives like the online space for knowledge acquisition.
TIME Magazine to Start Accepting Cryptocurrencies as Subscription Payments
TIME Magazine has partnered with Crypto.com to roll out a crypto payment system for its magazine subscriptions.
South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds
The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.
Bitcoin Miners Generated Revenue Worth $1.68 Billion in November
Over the last month, it seems to be a good month for Bitcoin miners because they cashed in a whopping $1.68 billion.
US Spy Agencies Suggest Cryptocurrencies May Be a Threat to the US Dollar and the Euro
Just like JPMorgan Chase CEO, the American intelligence community has tagged cryptocurrencies as a threat to the economy, and the Dollar
Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million
Silviu Catalin Balaci, a 35-year old Romanian citizen living in Germany, has owned up to helping create BitClub Network, a crypto mining Ponzi scheme that siphoned off investors’ funds worth $722 million.
Bitcoin Inflows Into Exchanges Hits a 5-Month Low
Bitcoin inflows into crypto exchanges dropped to a 5-month low.
Glassnode Survey: 60% of Bitcoin Supply has been Immobile Showing Investors’ Hodling Behaviour
Glassnode, an on-chain analysis company, has revealed that 60% of Bitcoin (BTC) supply has remained inactive in more than a year. This considerable number shows the hodling tendencies adopted by investors, and a similar trend was witnessed in 2017 some months before the BTC price skyrocketed to a record high of $20,000.
Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says
Market analyst Ali Martinez believes the leading cryptocurrency should stand above $19,200 to reduce selling pressure because this is a significant level.
Investors See Bitcoin as a Long-Term Investment, says Crypto Analyst
Despite the current price correction, on-chain analyst Willy Woo has revealed that Bitcoin’s velocity is higher than that of funds allocated for spending it.
Paypal Crypto Owners Can Now Transfer Tokens to Wallets
Fintech giant Paypal Holdings has upgraded its crypto wallet capabilities. Users of the app can now send supported digital assets to other wallets.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
CipherTrace Unveils Crypto Predictive Risk Model to Combat Suspicious Transactions in Wake of Twitter Scam
CipherTrace, a cryptocurrency intelligence company, has introduced a predictive risk-scoring model to instantly avert money laundering of cryptocurrencies from ransomware attacks and theft.
Nearly 70% of Merchants Believe Crypto Payments will Revolutionize Business Models, Study Shows
The appetite for cryptocurrencies in e-commerce continues to gain steam as they offer more convenient and safer payment methods, according to a report by global payments solution provider Checkout.com.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
Bitcoin’s Illiquid Supply Hits ATH as BTC and the S&P 500 Index Continue Being Strongly Correlated
Illiquid supply in the Bitcoin network hit a record-high, as acknowledged by on-chain metrics provider Dilution-proof.
6.2 Million Bitcoins are Being Held at a Loss, Representing 33% of BTC Supply
Ever since Bitcoin (BTC) nosedived from an all-time high (ATH) price of $64.8K recorded in mid-April, 6.2 million coins are being held at a loss, representing 33% of supply.
Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill
Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds.
Bitcoin is Outperforming its 2016 Post-Halving Bull Run That Triggered the Record-High of $20,000
New data from ChartsBTC reveals that the Bitcoin (BTC) trend in 2020 is outperforming the post-halving bull run of 2016.
Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development
The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development.
Ethereum Usage is Now 54 Times to Bitcoin as Ethereum 2.0 Becomes the Largest ETH Holder
As the neck-to-neck battle between Bitcoin and Ethereum continues, the latter has emerged as the victor in terms of usage.
South Korea Plans to Suspend Crypto Taxation Until 2023
Crypto investors in South Korea might have a sigh of relief because the government intends to delay imposing crypto taxation until 2023.
Bitcoin Dominance Hits 4-Year Low, Dormant Supply Touches Historic Highs
Bitcoin’s dominance in the crypto scene has nosedived as the leading cryptocurrency continues trading on shaky grounds.
Bitcoin Needs to Hold $36K for Sustainable Upward Momentum
BTC should go back to the $36K level before flipping it to support more upward momentum, analysts said.
Nigeria Releases New Rules Classifying Crypto as Securities
In a move that might boost crypto trading in Nigeria, the nation’s Securities and Exchange Commission (SEC) has rolled out “rules on issuance, offering platforms, and custody of digital assets” for virtual firms.
Bitcoin Has Spent 3 Months Bouncing Between $45,000 and $60,000
Bitcoin’s upward momentum has dried up as it has spent three months bouncing between $45k and $60k, as alluded to by market analyst Lark Davis.
High Transaction Volumes are Boosting Ethereum’s Price Rally
On-chain metrics provider Glassnode has revealed that high transaction volumes in the Ethereum network are boosting Ether's upward momentum.
Portugal to Impose Taxes on Cryptocurrencies
Cryptocurrency has been tax-free in Portugal, but that is set to change.
Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?
New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.
Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer
Celsius Network Ltd., a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets.
University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally
The University of Cambridge has found that the estimated number of cryptoasset users stands at 101 million worldwide.
Bitcoin Short Term Speculators Blamed for the Investor Group Realizing Most Losses
Bitcoin short term investors have been blamed for the primary culprits in the crash witnessed in the crypto market.
Bitcoin’s Short-Term Interest Declines by 43% From an ATH Experienced in February
Bitcoin has been stuck to its consolidation period between the $30K and $40K range for more than two months, making short-term interest nosedive to levels not seen since September 2020.
Russian Federal Watchdog Censors Binance for Distributing Crypto-Related Data
Roskomnadzor has blacklisted crypto exchange Binance for what it deems as “containing information prohibited for distribution in Russia.
South Africa Classifies Crypto as Financial Assets
The country appears to be developing regulations consistent with those being developed by other regulators in the global market.
Bitcoin Gains Momentum after Hitting Lows of $37,500 as Altcoins Bleed
After hitting lows of $37,585 over the weekend, Bitcoin has gained some momentum by breaching the $38K level.
64% of Bitcoin’s Circulating Supply Stagnated for more than 12 Months as Accumulation Continues
The amount of Bitcoin’s circulating supply that has stagnated for at least a year hit an all-time high (ATH) of 64%, signaling a supply deficit.
BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency
Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.
Bitcoin Has Surged by More Than 295% in 2020 as US Dollar Index Slips to a 32-Month Low
Bitcoin has hit a new record high of $28,600 and this bull run has made the leading cryptocurrency gain more than 295% this year.
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.
PayPal Increases Weekly Limits for Crypto Purchases to $100,000
The leading payment platform PayPal has increased limits on crypto purchases to $100,000 per week from $20,000 for U.S customers.
The Value Stored in the Bitcoin Network Stands at an All-Time High
The value stored in the Bitcoin network is at a record high based on the realized price.
Short-Term Bitcoin Holders Have Been Selling at a Net Loss Since May 13
Ever since Bitcoin (BTC) dropped from the record-high price of $64,800 set in mid-April, short-term holders have found themselves on the receiving end based on a sharp correction.
Crypto Traders’ Speculation of Ethereum Volatility Relative to Bitcoin’s is Rising
Ethereum's upward momentum is making Ether and Bitcoin's implied volatility rise.
Former Australian Politician Converts to "Millennial’s Version of Gold" - Bitcoin
The former senator for South Australia, Cory Bernardi, has joined the Bitcoin bandwagon lately, seeing it as the millennial’s version of gold.
BTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year
Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio.
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.
PayPal May Be in Talks to Acquire Curv Crypto Custody Firm
After PayPal dropped plans to acquire BitGo digital asset custody firm, it has been reported that it is now aiming to acquire Curv crypto custody firm.
Bitcoin Stands in the Last Resistance Zone, staring at the ATH level of $64,800
Bitcoin has been able to pick up the pieces because it is 11% away from the all-time high (ATH) price of $64,800 set in mid-April.
Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity
Institutional activity remains sluggish as Bitcoin hovers around the lower $20K level, depicting a low-risk appetite.
Is Bitcoin on the Verge of Forming the Bottom?
The Long-Term Holder NUPL (LTH-NUPL) indicator shows Bitcoin’s bottom is forming since it is at the same level as the past two significant pullbacks of 2021.
Crypto ATM Market Expected to Hit $1.18B by 2028, Driven by Increasing Fund Transfers
A surge in fund transfers is expected to expedite the global crypto ATM market to hit $1.185 billion by 2028, according to Vantage Market Research.
Ethereum’s Daily Transaction Volume is Going Parabolic Surpassing Bitcoin by $3 Billion
Ethereum's daily transaction volume is going parabolic. It now settles $12 billion in transactions daily - $3 billion more than Bitcoin.
Bitcoin Addresses Sending to Exchanges Hit a Monthly Low as BTC Sits on Strong On-Chain Support
The number of BTC addresses sending to exchanges reached a monthly low of 4,831.226, as acknowledged by crypto analytic firm Glassnode.
Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline
Ethereum's total fees has hit a monthly high of 746.026 ETH.
El Salvador Tourism Sector Surges 30%, Benefit from Adopting Bitcoin as Legal Tender
El Salvador is leaping the dividends of making Bitcoin legal tender. The nation’s tourism industry has recorded a 30% surge since this milestone was attained in September 2021.
Bitcoin’s Present Bull Run Has Been Extraordinary Compared to the 2015-2017 Bull Cycle - Peter Brandt
Veteran market analyst and trader Peter Brandt has analyzed Bitcoin's current bullish momentum and compared it to the 2015-2017 bull cycle.
Global Efforts to Classify Cryptocurrencies
Cryptodata website 21Shares and CoinGecko have launched a worldwide crypto asset classification system.
Active Addresses of Ethereum Hit Monthly High with $22B Being Staked before the Merge
Ethereum continues to be at the centre stage after undergoing its biggest software upgrade called the Merge. As a result, active ETH addresses have skyrocketed after hitting a monthly high.
Ethereum is Settling Three Times More Value On-Chain Than Bitcoin Daily
Ethereum (ETH) continues to surpass Bitcoin in terms of the value settled on-chain daily.
Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%
Despite Bitcoin lacking a significant upward momentum, this has not dampened the spirits of hodlers because coins aged at least 3 months hit an ATH of 86.3%, according to Glassnode.
Long Term Bitcoin Holders Emerge as the Biggest Beneficiaries with a Cost Basis of $17,750
Long-term holders have been laughing all the way to the bank based on their cost basis of $17, 750, given that Bitcoin's price current stands at around $63,355.
Ethereum Foundation Releases Grants worth $750,000 to Fund ETH Research
With knowledge being a flywheel for Ethereum (ETH), the Ethereum Foundation has deemed it fit to explore the network’s potential through academic research.
Zcash Bug Could Leak Full Nodes with Shielded IP Addresses
Duke Leto, a core developer at Komodo (KMD), recently published a blog on his personal website revealing that, “A bug has existed for all shielded address since the inception of Zcash and Zcash Protocol.” Leto explained, “That is, Alice giving Bob a zaddr to be paid, could actually allow Bob to discover Alice’s IP address. This is drastically against the design of Zcash Protocol.”
Binance Acquires Majority Stake in Gopax
Binance returned to South Korea with a controlling ownership in ailing exchange Gopax.
JPMorgan: 13% Of Americans Own Crypto
JPMorgan Chase found that 13% of Americans—43 million people—have owned cryptocurrencies. The paper analyzes over 5 million bank-to-crypto account currency transactions. It discovered that males of all ages and demographic groupings purchase crypto more than women. According to a CoinMarketCap analysis, crypto ownership has risen over the previous several years despite the current price drop.
Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation
In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.
Crypto Investors’ Realized Gains Increased by 400% to Hit $162.7m in 2021, Study Shows
With 2021 emerging as a strong year for cryptocurrencies, global investors made $162.7 million in realized gains, according to blockchain analytic firm Chainalysis.
Institutions Accumulating Bitcoin as BTC’s Adoption Rate Surpasses the Rate of Internet
Institutions have been pumping investments in the Bitcoin market, which has been instrumental in an uptick in price.
A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.
Bitcoin is Moving to Strong Hands as Small Holders are Proving to be a Rising Force
On-chain analyst Will Clemente believes that Bitcoin is moving to strong hands given that its supply shock is at levels witnessed at the $50-$60K range.
Why are Millennials Favouring Bitcoin?
Based on technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them. Therefore, explaining the reasons why millennials are heeding to the call of bitcoin being an exceptional technological advancement and investment tool.
CFTC Commissioner Calls for Reduced Cryptocurrency Anonymity
CFTC Commissioner Christy Goldsmith Romero has proposed reducing the anonymity of cryptocurrencies as a means of managing associated risks. Romero spoke at City Week 2023 in London, stating that market integrity, national security, and financial stability cannot be compromised.
Ethereum is Expected to Undergo a 90% Daily Emission Reduction Following ETH 2.0 Upgrade
Market analyst Lark Davis believes that Ethereum 2.0 upgrade will prompt a 90% daily emission reduction from 12,800 to 1,280.
Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI
Ethereum's price drop hasn’t dampened its spirits to offer an impressive return on investment (ROI) so far this year compared to tech stocks like Microsoft, Facebook, and Apple.
Bitcoin Shark, Whale Addresses Have Been Surging Since Mid-June
As Bitcoin continues hovering around the $23,000 level, shark and whale addresses have been experiencing a leg up since mid-June.
More Consolidation to be Expected from Bitcoin as the Dollar Rallies and US Stock Market Is Down
Crypto analyst Joseph Young thinks that Bitcoin is treading with caution due to the strengthening of the dollar, and he suggests this could prompt a short-term price consolidation.
Only a Small Fraction of Institutional and Corporate Money Entered into Bitcoin Market
The amount invested by institutions and corporates in the Bitcoin market is a small percent of their total cash reserve
Bitcoin Needs to Reclaim $36K to Invalidate the Bearish Thesis, BTC's Correlation with S&P 500 Hits ATH
Market analyst Ali Martinez believes a bearish picture is being painted in the BTC market because it has broken the historical trendline, but it can be invalidated if $36K is reclaimed.
Tether Denies Receiving Any Loans From Celsius
Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.
President Biden’s Tax Plans Spark Fear, Triggering a Bitcoin and Ethereum Price Drop
The speculation that U.S. President Joe Biden’s administration will increase capital gains taxes sent shock waves in the crypto space as Bitcoin (BTC) and Ethereum (ETH) dropped amid fears that this initiative could limit investment in digital assets.
A Look into Bitcoin and Ethereum's Record-Breaking Bull Runs of January
On-chain data provider Santiment has delved deeper into the impressive bull runs that Bitcoin and Ethereum have both enjoyed in January.
Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics
Waste2 Wear is to trace the conversion of ocean plastic waste into eco-fabrics using blockchain technology as this will propel traceability.
Crypto Wallets Holding more than 1,000 Bitcoins Hit an All-Time High
New data by Glassnode reveals that the number of BTC addresses holding at least 1,000 coins has broken the record at 2,305.
The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low
Statistics by on-chain metrics provider Santiment show that Bitcoin’s ratio of supply on crypto exchanges hit a six-month low.
IMF Boss Says Europe Can Avoid Debt Trap, Difficult to Believe in Crypto as Money
IMF Chief Kristalina Georgieva said that Europe could reverse getting into a debt crisis. She further warned about the risks associated with cryptocurrencies.
The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem
Cryptocurrency being a digital currency, created and managed through the use of advanced encryption techniques known as cryptography has been gradually modifying the world of finance as well as other sectors such as e-commerce and since its creation in 2009.
India Passes Controversial Crypto Tax Laws, Effective on April 1
India’s parliament on Friday passed a law designed to tax digital assets including cryptocurrencies. Users will begin paying capital gains taxes of 30% on crypto transactions from 1st April 2022.
Europe Takes the Major Share in terms of Global Crypto Distribution
As crypto adoption continues to gain steam, Europe is at the helm when it comes to crypto distribution worldwide.
Bitcoin Is at an “Inflection Point,” says Soros Fund Management CIO
As Bitcoin’s price consolidation continues, Soros Fund Management CIO Dawn Fitzpatrick believes that the leading cryptocurrency is at an inflection point.
Binance, CoinMarketCap, BitPay, Coinbase, Paxful Among Android Apps Earmarked by Latest EventBot Malware
Cybereason, a US-based cybersecurity company, has detected an Android malware dubbed EventBot that has been targeting money transfer and banking apps. Coinbase, Bitpay, CoinMarketCap, Binance, Mycelium Wallet, Bitcoin.com, Paxful, and CoinGecko are among a list of Android cryptocurrency wallets and applications whose security might be compromised as they are in the vicinity of this malware.
Bitcoin Needs Upward Catalyst to Exit the Current Range as Scepticism Mounts, Says Expert
The retracement to the $29K zone has jeopardized the much-anticipated Bitcoin (BTC) recovery as skepticism engulfs the market.
Bitcoin Remains Bullish Based on the Formation of an Ascending Channel
The formation of a parallel channel on the daily chart suggests BTC can still drop to $57,000-$54,000 to then rebound towards $75,000, according to analyst Ali Martinez.
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.
Blockchain Association Rejects Court's Securities Ruling on Private Blockchains
A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.
Over 100 Car Dealers to Accept Crypto Payments in the UK Boosting Crypto Adoption
At least 100 car dealers in the UK have inked a partnership with London-based AutoCoinCars, the nation’s market leader in trading cars with cryptocurrencies. Through the strategic collaboration, clients will be able to purchase cars using cryptos in some of the biggest car dealers in the UK, such as Benz Bavarian, Saxton4x4, and Redline Specialist Cars.
Bitcoin Poised to Set a New All-Time High, says Market Analyst
Market analyst Michael van de Poppe believes that "Bitcoin looks eager for a new all-time high" as it continues regaining momentum.
Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.
Chicago-Based Exchange Cboe to Work on Crypto Offerings as Demand Continues to Rise
Cboe Global Markets Inc., a Chicago-based exchange that provides trading and investment solutions, is ready to get back to the crypto space after previous failed attempts.
Open Interest for Ethereum Futures Soars to All-Time High of $2.21 Billion
Bybt, an aggregated derivative exchange, has provided a more in-depth analysis about open interest on Ethereum Futures hitting a record-high of $2.21 billion.
Bitpay Announces the First Large Online International Furniture Brand to Go Live
Beliani, a European online home accessory and furniture seller, has inked a partnership with BitPay, a US-based bitcoin payment service provider, to allow buyers make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash, as well as dollar-pegged stablecoins like USD Coin (USDC). This approach will enable shoppers to save 2-3% on every crypto transaction made compared to other payment methods.
Ireland's CAB Seizes Bitcoin Worth €52 Million from Drug Dealer
Ireland’s Criminal Assets Bureau (CAB) has been given the go-ahead by the high court to seize Bitcoin valued at €52 million, approximately $56 million USD, from a forty-nine-year-old drug dealer.
Wall Street Veteran Urges Investors to Add Cryptocurrencies to Their Investment Portfolios
Veteran George Ball, a renowned Wall Street Veteran, has said that the addition of crypto to investment portfolios are attractive because they increase returns.
Total Value Locked in Ethereum 2.0 Reaches Record-High as Gas Fees Decreased
More investment continues trickling in Ethereum 2.0, which has broken the record, as disclosed by on-chain metrics provider Glassnode.
Bitcoin Should Reclaim the $40K to $42K Zone, Which Has Served as Support and Resistance for a Year
Bitcoin’s intention to breach the high resistance area between $38,000 and $40,000 continues.
The Number of Ethereum Deposits on Crypto Exchanges Hit a 5-Month Low-What This Mean
The number of ETH deposits on crypto exchanges continues to diminish, given that it reached a 5-month low of 548.940.
Bitcoin Scarcity Scales the High as Illiquid Supply Hits 85% in the Last Three Months
92% of Bitcoin supply hasn't moved in at least 30 days and 85% of this has been immobile for at least 3 months.
Twitter Followers Advise Elon Musk to Invest 10% of Tesla Stock in Cryptocurrencies, Poll Says
Elon Musk has received responses from the majority of his Twitter followers. The renowned investor recently asked whether he should sell 10% of his Tesla stock.
Top Performing Cryptocurrencies to Watch This Week: BTC, ADA, SOL, XTZ, DOT, and ATOM
Besides Bitcoin, popular crypto analyst Michaël van de Poppe shares where he sees some of the biggest opportunities in altcoins this week.
Ethereum is Ready for $5,000 and Chainlink for $100, says Market Analyst
Ethereum and Chainlink's current bull runs are far from over, as market analyst Michael van de Poppe remarked that ETH and LINK will surge to $5,000 and $100 price levels, respectively.
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender
Arizona state senator Wendy Rogers also supported a tax-exempt crypto bill.
Tim Beiko announced Shapella upgrade
Full and partial validator withdrawals alter the consensus layer.
South Korea’s Financial Watchdog to Stamp Out Illegal Crypto Activities
South Korea’s financial watchdog, the Financial Supervisory Service and the Finance Ministry, has teamed up with various financial authorities to crack down on illegal crypto activities.
US Secret Service Seizes Over $102m in Digital Currencies among Crypto Crimes
The United States Secret Service has notably confiscated as much as $102 million worth of crypto assets in its investigation of the activities of cybercriminals.
Colossal Increase in US Household Liquidity Might Push Bitcoin Further Upwards, says 10T Holdings Co-founder
Dan Tapiero, the co-founder of fintech and digital asset firm 10T Holdings, trusts that the remarkable increase in US household liquidity to the tune of $2.67 trillion could trigger further upward momentum for Bitcoin.
Beauty App Meitu’s Crypto Holdings Evaporated Up to $50m in H1
Meitu, a Hong Kong-listed beauty app, announced an interim net loss between $41.1 million and $52.3 million in H1 ( representing a loss of up to 154.1%). The firm attributed its loss to acquired cryptocurrency impairment.
Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand
Grayscale Investments LLC has announced plans to explore other digital assets.
MicroStrategy Acquires Extra 7,002 Bitcoins, Bringing its Portfolio to over 121K BTC
MicroStrategy has continuously accumulated Bitcoins to 121,044 BTC over the past year. The firm confirms it has purchased over 7000 Bitcoins on Monday.
Crypto Wallets Holding More Than 10,000 Bitcoin Hit a 2020 Record High
Santiment revealed that crypto wallets holding at least 10,000 BTC have reached a record high of 111 in 2020, indicating positive sentiment from Bitcoin whales.
Bitcoin Outperforms than Commodities in 2021 Amid Dormant BTC Circulation Going a Notch Higher
Bitcoin is the best-performing asset compared to commodities this year BTC with a return of 96%.
Altcoin Watch: Top 3 Tokens to Watch This Week XRP, ALGO, and COMP
With the general regressive pathway of major digital assets, here are some of the altcoins to watch this week.
SHIBA INU Continues to be the Top Trending Topic in Crypto Amid an 889% Monthly Surge
SHIBA INU (SHIB) is emerging as the new kid on the cryptocurrency block.
Bitcoin Could Rally Towards $75,000 “Very Quickly,” says Equity Strategist
Matt Maley, the equity strategist at leading institutional trading firm Miller Tabak + Co, believes Bitcoin could rally towards $75,000 “very quickly” based on some chart patterns.
Bitcoin Wallets Surpass Bank Accounts in El Salvador, says President Bukele
El Salvador has been making significant strides in the crypto space ever since, with the latest being Bitcoin wallets dwarfing bank accounts in the nation.
Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority
The rising use of mixers in the crypto space should be a cause for concern because they are highly being utilized by cybercriminals and bad actors, according to Chainalysis.
MEXC Global Enables Crypto Purchases with Zero Transaction Fees via Fedwire, SWIFT
MEXC Global has permitted purchases that attract zero transaction fees through SWIFT and Fedwire to boost the globalisation of cryptocurrency trading.
South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022
South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.
Bitcoin’s Profit-Taking Skyrockets, Will $40K to Be Reclaimed?
Profit-taking tendencies in the Bitcoin market contributed to the price dropping below the psychological price of $40,000.
Ethereum’s Top 5 Mining Pools Account for 65.4% of ETH Blocks
Ethereum miners have cashed in the most in the crypto space so far this year, even surpassing Bitcoin miners.
Bots Inc Starts Accepting Dogecoin And Other Cryptocurrencies from Tesla Vehicle Buyers
BOTS Inc has announced that it has started allowing Tesla vehicle buyers to pay with cryptocurrencies like Dogecoin and others.
Bitcoin Struggles to Maintain Its Dominance
Bitcoin’s dominance has fallen to 44%, which is the lowest level BTC has gotten since 2018.
Coinme Introduces 6 Additional Crypto Instant Trading by Cash
Besides Bitcoin, users can purchase Chainlink, Dogecoin, Ethereum, Litecoin, Lumens, and Polygon at Coinme-enabled kiosks.
Bank of America Believes Bitcoin Could Mean More Money for Salvadorans
Bank of America, a leading US-based multinational investment bank, acknowledged that Bitcoin (BTC) could trigger a progressive digitalization of the financial system translating to more money for workers in El Salvador.
Crypto Trading Volume Picks Up as Bitcoin Breaches $40K Level
After dropping to lows of $38.5K over the Easter weekend, Bitcoin has gained momentum and breached the psychological price of $40,000 based on an uptick in trading volume.
eToro's Survey Reveals 40% of Millennials Could Favor Crypto Investment In Recession
A survey by eToro has revealed that 40% of Millennials could favor cryptocurrency investment if a recession was instigated by the US-China trade war.
Bitcoin Mild Volatility Lower than the Other Leading Cryptocurrencies in 2021
Crypto analytic firm CryptoCompare acknowledged that BTC’s volatility had been relatively lower compared to other leading cryptocurrencies, such as Ethereum (ETH), Ripple (XRP), and Cardano (ADA).
Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut
The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. This development ushers in the third development phase of the nation’s CBDC before a public debut.
Can Cryptocurrencies Help Solve the Global Environmental Crisis?
Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. From being viewed as a mere experiment, they have become a mainstream asset class with a market capitalization of over $2 trillion. However, as the popularity of cryptocurrencies continues to grow, so does the scrutiny surrounding their environmental impact.
Crypto Is Entering the Early Stages of Mainstream Adoption, says Kraken CEO
Jesse Powell, the co-founder and CEO of crypto exchange Kraken, believes that the crypto sector is in its early stages of mainstream adoption.
Retail Investment Slips as New Bitcoin Addresses Drop
Retail investment in the Bitcoin (BTC) market seems to have dried up based on the drop in new addresses.
Bitcoin Needs to Hold the $36K-$37K Support Level, Avoid Further Downward Momentum
To avoid a further slip, Bitcoin needs to hold the zone between $36,000 and $37,000.
Binance Raises $500m Crypto Fund to Enhance Blockchain & Web3 Adoption
Binance has raised $500 million funds to invest in projects that propel crypto use cases and aid the adoption of blockchain and Web3 technologies.
