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Crypto Market Slides as Stocks Get Hammered, Bitcoin Falls Below Key Support


  The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for...

Binance Has Been Witholding Information From Regulators, Claims Reuters


  Whilst claiming that it welcomes regulatory oversight, major crypto exchange Binance was acting against those same regulators, Reuters reported today. Reuters says it conducted “dozens” of interviews with former senior employees of the exchange, as well as advisers and business partners,...

Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos


  Argentine-headquartered ecommerce giant Mercado Libre invested in Mercado Bitcoin and Paxos as it aims to boost its presence in the cryptosphere, as well as digital asset development and adoption in Latin America.... Read More: Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

Arthur Hayes’ ‘Coconut Bribery Comment' Blocked by Judge


  A US District Judge blocked prosecutors from presenting the so-called “coconut comment” during the criminal trial of BitMEX Co-founder Arthur Hayes and other crypto exchange executives. The government will not be able to use this argument during the trial in March, District Judge John Koeltl...

First 1,000 Robinhood Customers Get Crypto Wallets


  US online trading platform Robinhood has launched a beta program for its crypto wallet, and it began to roll out the wallets to 1,000 customers from the top of its WenWallets waitlist.  By March, the program is set to cover 10,000 customers before the feature is activated for the rest of...

Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US


  Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing...

Bitcoin Dives Below USD 39K, Ethereum Breaks 2.9K, Altcoins in Red


  Bitcoin price tried to clear the USD 43,500 resistance zone. However, BTC struggled to gain pace and started a decline below USD 41,200. There was a break below USD 40,000 and the price is currently (04:18 UTC) consolidating losses near USD 38,700. Similarly, most major altcoins declined...

Venezuelan Vice Minister Tells Investors to Pay in Crypto to Dodge Sanctions


  A Venezuelan minister has been singing the praises of crypto – and suggesting that the government, which amassed a large bitcoin (BTC) and ethereum (ETH) “stash,” plans to attract international and domestic investors by convincing them to use cryptoassets.... Read More: Venezuelan Vice Minister...

Russian Central Bank Proposes Crypto Use and Mining Ban


  The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.  The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...

MicroStrategy is Only HODLing Bitcoin, Says the CEO


  US-based software developer MicroStrategy has adopted its strategy to heavily invest in bitcoin (BTC) in a bid to survive in a tech market dominated by significantly bigger competitors, according to Michael Saylor, the company’s CEO. He also confirmed his holder stance, declaring that his firm...

Bitcoin Mining Difficulty Set for a New All-Time High in Less Than a Day


  Bitcoin (BTC) mining difficultly is likely to break its all-time high in less than a day, cutting into the already decreasing profit margins of BTC miners.  At 10:23 UTC, Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to go up 9%...

Bitcoin and Ethereum Still Range-Bound, ADA Keeps Diving, FTT Rallies


  Bitcoin price remained in a bearish zone below the USD 42,000 level. BTC even traded close to USD 41,000 before correcting higher. It is currently (04:18 UTC) trading near USD 42,000, but there is a crucial resistance forming near USD 42,500. Similarly, most major altcoins are facing hurdles....

Milan Fashion Meets Crypto in Fendi-Ledger Collaboration


  In an unusual merger of cryptoverse high-tech and high-end fashion straight from the streets of Milan, the Italian luxury fashion house Fendi has teamed up with hardware wallet maker Ledger to showcase two tech accessories for the latter company’s flagship Ledger Nano X. Fendi has unveiled...

Two Main Macro Scenarios in Play for Bitcoin & Crypto in 2022 - CryptoCompare


  Persistent inflation, tighter monetary policy, or a reversal to lower inflation leading central banks to keep rates low are all scenarios that could play out and have an impact on crypto markets in 2022, crypto market data provider CryptoCompare said in a new report.... Read More: Two Main Macro...

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