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Belarus-Based Crypto Exchange Bans Russian Clients Amid Ukraine Invasion
13.4.2022
As Russia’s invasion of Ukraine continues to draw businesses away from the aggressor's economy, the Minsk-based crypto exchange Currency.com is joining the expanding list of companies that decided to withhold their services from Russia’s residents.
The latest move follows the company’s earlier...
Luna Foundation Guard Buys Additional USD 100M in Bitcoin, Now Holds BTC 42.4K
13.4.2022
The Luna Foundation Guard (LFG), a nonprofit organization established in the Republic of Singapore dedicated to creating a reserve protocol for the algorithmic stablecoin UST, has purchased an additional USD 100m worth of bitcoin (BTC), increasing its total holdings to just over BTC 42,400 (USD...
Bitcoin and Ethereum Consolidate Losses, SHIB Surges
13.4.2022
Bitcoin price retested the USD 39,200 support zone. BTC remained supported and climbed above USD 40,000. It is currently (04:28 UTC) consolidating losses below USD 40,100 and facing many hurdles on the upside near USD 41,200. BTC is up less than 1% in a day.
Besides, most major altcoins...
‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect
13.4.2022
A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country’s President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector....
Read More: ‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean...
Bitfinex, Tether Launch Bitcoin, USDT Donation Funds for Victims of El Salvador Gang Crime
12.4.2022
The crypto exchange Bitfinex and the USDT issuer Tether have set up a crypto relief fund to aid the families of the people affected by the gang-related violence in El Salvador – although the government’s controversial crackdown on gang crime continues to intensify in the country....
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US Inflation Hits 8.5%, Slightly Higher Than Expected
12.4.2022
US headline inflation for March came in at 8.5%, slightly above analysts’ expectations. The number is up markedly from February’s reading of 7.9%. (This is a developing story and is being updated as new details and reactions emerge.)...
Read More: US Inflation Hits 8.5%, Slightly Higher Than...
Most Surveyed US Financial Advisors Plan to Raise Crypto Allocations, 0% Plan to Reduce - Nasdaq
12.4.2022
Among advisors already investing in crypto, nearly 90% expect to increase their allocations over the next 12 months, while 0% report plans to decrease, according to a recent survey by the New York-based Nasdaq stock exchange. On average, advisors currently investing in crypto - or considering to...
Bitcoin Below USD 40K, Ethereum Loses USD 3K, Altcoins Dive
12.4.2022
Bitcoin price struggled to start a decent recovery wave above USD 42,500 and traded below USD 40,000. It is currently (04:08 UTC) trying to recover near USD 39,700 after testing almost USD 39,400.
Similarly, most major altcoins are gaining bearish momentum. ETH traded below the key USD 3,000...
Small Argentine Town Turns to Crypto Mining to Pay for Improvements
12.4.2022
A small town in rural Argentina has decided to invest in crypto mining hardware in a bid to raise money to pay for improved rail connections and “beat inflation.”
Ambito reported that the initiative is being pioneered by a group headed by Juan Pio Drovetta, the Mayor of Serodino, a town...
Virtual Insurer and German Giant Munich Re Team Up to Offer Digital Asset Insurance
11.4.2022
Hong Kong-based virtual insurer OneDegree has entered into a three-year strategic partnership with German reinsurer Munich Re to launch OneInfinity, a new digital asset insurance product.
OneDegree says its product is an insurance and technology offering designed specifically for digital asset...
Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon
11.4.2022
The US-based crypto exchange Coinbase came in with the top score in CryptoCompare’s latest Exchange Benchmark Report, with a strong team and compliance with regulations making the exchange stand out among its peers. Meanwhile, further industry consolidation is expected, with the possibility...
Bitcoin (BTC) Dips After Rejection From the 200 DMA Curve!
11.4.2022
Bitcoin is undoubtedly the crown jewel of cryptocurrencies. The success of this crypto is mandatory for the entire industry to survive. Considering BTC as a haven has allowed others to focus on the mass acceptance of cryptocurrencies. BTC is valued at $781,694,938,483, with 91% circulation of...
Bitcoin & Crypto Fall as Market Awaits US Inflation Numbers, ‘Overvalued’ Tech Stocks Worry Traders
11.4.2022
The crypto market traded lower over the weekend, with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward....
Read More: Bitcoin & Crypto Fall as Market Awaits...
United States Crypto Lobbyists Making Inroads at State Level – Report
11.4.2022
Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.
Per a report from the New York Times, in the Florida House in March, legislators “swiftly gave final approval” to a bill...
Craig Wright May Need to Go Back to Court to Fight Ira Kleiman Once Again
11.4.2022
The Australian computer scientist Craig Wright may have to return to court to defend claims that he did not steal bitcoin (BTC) holdings from his former friend/partner Dave Kleiman, who died in 2013.
It appears Dave's brother Ira Kleiman is not yet ready to walk away from the case, which...
Coinbase Halts India's UPI Support After Regulatory Uncertainty
11.4.2022
Major crypto exchange Coinbase has halted support for the Unified Payments Interface (UPI), India's payment system, following a statement by the country watchdog that claimed it was not aware of "any crypto exchange using UPI."
"Purchases with this payment method are temporarily unavailable,"...
Bitcoin and Ethereum Print Bearish Pattern, WAVES Halves in a Week
11.4.2022
Bitcoin price failed to clear the USD 43,500 resistance zone and dropped below the USD 42,000 level before recovering. It is currently (04:18 UTC) showing bearish signs near USD 42,170 and remains at a risk of a move towards USD 40,500. BTC is now down almost 2% in a day....
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South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account
9.4.2022
The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.
ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange...
Get ‘Mentally Ready’ for Lower Bitcoin Prices as Rates Rise, Bitcoin 2022 Panelists Warn
8.4.2022
The macroeconomic landscape for bitcoin (BTC) could become more difficult to navigate as the US Federal Reserve continues to raise interest rates. However, bitcoin is the only way to transition to a new monetary standard, panelists at a discussion on the current macro backdrop at Bitcoin 2022...
UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto Services to Russia + More News
8.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision of Crypto Services...