The second biggest stable coin globally, USDC, has been enjoying a relatively meteoric rise in market valuation over the last few years. February 1 has been the most monumental for stablecoin as it surpasses $50 billion in market capitalization. Circle Inc., the creator of the USDC, is reported to have minted up to 100 billion […]
British Virgin Islands-based crypto trading platform, Bitfinex, has revealed that its users can now trade the GBP, and JPY against the USDT and the GBP/EURt. Part of the announcement which was issued today stated that the goal of these additional margin trading services is to expand its stablecoin offers and more importantly, meet with customers’ […]
The on-chain activities in the Cardano network have coincided with new addresses increasing by 167% for the Cardano blockchain network. The reported increase arises from a flurry of activities that the Cardano network has experienced. An analyst reported Cardano’s growth was due to increased on-chain activities on the Cardano blockchain network. Ali Martinez revealed that […]
The United Kingdom’s Financial Conduct Authority (FCA) has expressed its reservations about the recent partnership between Paysafe and cryptocurrency trading platform, Binance. The FCA did not support the latest deal following the previous incident in July 2021, when Binance failed to access the sterling payment network, paving the way for Paysafe to strike a deal […]
Early in the year, the cryptocurrency market took a hit, with many fearing for the worse following the slump, but things are beginning to shape the industry, which signals a ray of hope for investors and fans alike. Analysts from the financial and data company, Bloomberg, have given their expert opinion on the possibility of […]
Bitcoin price takes another jab at weekly supply territory, extending between $45,550 and $51,860. Ethereum price should steady beyond the 50-day Simple Moving Average at $3,070 for stable uptrends. Ripple contemplates a preemptive bullish rally as bears couldn’t take XRP lower. Bitcoin (BTC) price appears prepared for another upswing as the coin recover from the […]
A non-partisan group in the US legislature recently proposed a new bill titled “virtual currency tax fairness act.” Highlights Of This New Bill The bill’s primary objective is to make it easy for crypto holders to settle their taxes. Hence, the government can make profits (albeit small) from those who aren’t paying tax on their […]
The cryptocurrency industry is experiencing rapid growth and development with the way it has become mainstream and acceptable by individuals and various businesses, making it an attractive investment destination. Investors are now readily available to stake their money wherever they think will give them profits, and cryptocurrency is one of these. Even renowned stock market […]
The Federal Bureau of Investigation (FBI), in its latest announcement a few days before Valentine’s Day, has cautioned against romance scams during this period in the San Francisco Bay Area. According to the FBI, cryptocurrency-related romance scams are rising following complaints it received that bordered on internet crime at its district office in San Francisco. […]
Sovereign wealth funds in South Korea have started to make plans for the future, as they seek to invest over $200 billion in startups dealing in alternative assets, the metaverse, and Artificial Intelligence in Silicon Valley. The head of the sovereign wealth funds, Korea Investment Corp, revealed that it was looking beyond tech stocks, as […]
One of Tennessee’s lawmakers, Jason Powell, has sponsored a bill that allows the state government to invest in crypto, including the burgeoning NFT sector. The bill, known as house bill 2644, would make it legally binding for any county, municipality, or state to invest in blockchain technology, digital currencies, and NFTs. Key Highlights From The […]
One of Russia’s wealthiest men, Vladimir Potanin, has claimed that national digital currencies such as the digital ruble have more real-world meaning than BTC and other private digital currencies. Potanin made his opinion known among the two digital currencies in the latest Bloomberg interview. National Digital Currencies Are The Future Of The Finance World – […]
After accounting behemoth, KPMG Canada, joined the list of institutional investors in cryptocurrency, another top Canada-based institutional investment firm, TMX, is set to join the bandwagon. The TMX Group is Canada’s biggest stock market operator and has announced plans to launch a maiden crypto ETP. Details About This New Listing This new listing will make […]
BTC found new bullishness today to break a 12-week decline. The crypto fear & greed index hit 48 today, making it the highest in 12 weeks and signifying a major shift in the crypto market. The crypto market cap is back at the $2 Tr levels following a month of intensive selling pressure by the […]
Belarus is not planning to fasten its free cryptocurrency legislation even as its neighbouring ally, Russia suggested to restrict token mining and transactions. The Eastern European Country of Belarus has given a go-ahead to let investment funds seek exposure to digital possession. This was approved in December 2017. The Belarusian government embraced Decree No. 8 “On the […]
ETH 50-Week Moving Average Ethereum price has bounced back moving with the power of 50 weeks average, a trustworthy assistance level from 2020-to 2021 transactions. Ethereum’s native token Ether (ETH) is prepared to hit $3500 in the upcoming season as it repossesses a strong support level on February(Feb 5). Ethereum rising above its 50-week moving […]
While examining the amount of Ether held by the top ETH whale exchange addresses, on-chain data analytics Santiment, reveals that the top ten whale addresses hold about 5.83 million Ethereum. In contrast, non-exchanges hold about 24 million ETH. Santiment notes that this could be attributed to the sustained trend of shifting cryptos away from exchanges. […]
Animoca Brands led Web3’s virtual identity network NFT3s to complete the seed investment round, bagging a total sum of $7.5million. The founding round investors included investment leaders and venture capitalists such as US health care company Prometheus Labs, Digital Finance Group, and crypto fund investment company LD Capital also participated in the round. Web3’s Chief […]
The Bitcoins that were stolen from the Bitfinex hack as of 2016 are currently in motion. The Bitcoin address that holds the cryptocurrencies have been under close surveillance from the period of the hack till now. There are wild guesses that the coins are being transferred to a different address in anticipation of liquidation or […]
Cardano now has a new DEX (called ADAX) five months after enabling Smart contracts on the platform. Part of the official announcement from the Cardano team indicated that the new DEX is an integral part of the long-term development of the Cardano community. The Cardano team had previously launched a testnet for the ADAX platform […]
