Crypto news

The decision of Governor DeSantis to ban CBDCs in Florida has drawn criticism from some legal experts. Ron DeSantis, Governor of Florida recently signed a bill prohibiting the use of central bank-issued digital currencies (CBDCs) in the state. And now, his move may have set a precedent for other states to follow. For DeSantis and many more like him, a CBDC defeats the aim of decentralization being that it is controlled by a centralized entity – the government. They also argue that through...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price is trading in a bearish zone below the $0.95 support against the US Dollar. The price is now trading above $0.88 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.87 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase)....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading above $92 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain...

Bankrupt crypto lending platform Voyager Digital won court approval on Wednesday to begin repaying its customers’ long-trapped money. So far, customers are only guaranteed to receive 36% of what they’re owed.  The approval to commence liquidation procedures comes over 10 months after Voyageur froze customer withdrawals in July 2022, shortly after defunct hedge fund Three Arrows Capital (3AC) filed for bankruptcy.  As reported by Bloomberg, Judge Michael Wiles said that...

The United Kingdom has grand aspirations of becoming a digital assets hub, just as London already is for traditional finance. However, those plans are being thwarted by watchdogs and policymakers who want to take a heavy-handed approach to regulation. On May 17, it was reported that a panel of UK lawmakers said crypto assets should be regulated as gambling “given they are potentially used by fraudsters and pose significant risks to consumers.” The report from Parliament’s...

Famous Canadian psychologist and political commentator Jordan Peterson believes Bitcoin is the only “viable” monetary alternative in a future world dominated by central bank digital currency (CBDC). The intellectual recently spoke with tech expert and entrepreneur Brian Roemmele about artificial intelligence and other emerging technologies, highlighting how Bitcoin can serve to shield the world from its tyrannical excesses.  Using Bitcoin for Communication In an interview...

Signature Bank’s involvement in the digital asset industry was the reason that ultimately caused its demise, according to FDIC’s Martin Gruenberg. The chair also acknowledged FDIC’s shortcomings in not acting sooner to prevent the crisis from spreading throughout Signature’s operations. Gruenberg further added that the agency’s supervision could have been stronger. Crypto Culpable in Signature’s Collapse: FDIC Chair In a speech before the House Committee on Financial...

After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin’s transaction volume. The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever. According to data compiled by BitInfoCharts, the daily Dogecoin skyrocketed on May 13th and peaked above 628,000. Transactions for Bitcoin and Litecoin, on the other hand, stood...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin has appeared to be on something of a roll over the past three months, but according to many analysts, the problem of volatility is not quite over. In fact, 2023 could be prone to some rather unexpected volatility trends that may lead to a short squeeze, thus causing value losses for the BTC network....

US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities and Exchange Commission (SEC). Ripple’s acquisition of Metaco underpins the US-based tech platform’s faith in the...