Crypto news

The move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its already prominent internet services. Beijing-based internet company Baidu might be only a week away from launching the brand’s first-ever smartphone. According to a Bloomberg report, the smartphone represents another addition to Baidu’s growing portfolio of smart gadgets. However, the move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its...

Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation. As Europe embarks on its journey to bring clear crypto regulations in place, the blockchain industry is making a final push in preventing laws that would crush the smart contracts underpinning the decentralized finance (DeFi) protocols. The lawmakers are currently having negotiations over the Data Act, which will be concluded...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.0950 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0935 on the 4-hour chart (data feed via Kraken). The pair could start a...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a fresh decline from the $0.484 zone against the US dollar. The price is now trading below $0.465 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.456 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair...

Alibaba Cloud – a subset of Chinese e-commerce behemoth Alibaba – along with Avalanche has built a launchpad for businesses to deploy metaverses on the layer 1 blockchain. Dubbed “Cloudverse,” the platform is designed to serve as a one-stop, end-to-end solution for businesses to easily customize, launch, and maintain their own metaverse space, thereby creating new dimensions for engaging customers. Alibaba Cloud’s Metaverse Launchpad According to the official blog post, all...

The British Columbia Securities Commission has accused ezBtc, a defunct Nanaimo-based cryptocurrency platform, and its founder David Smillie, of perpetrating a multimillion-dollar securities fraud scheme. The commission alleged that Smillie and his crypto firm lied to customers about the platform and diverted their assets to online gambling sites. ezBtc Allegedly Diverted $13M in Customer Assets According to a Bloomberg report, the accusations were outlined in a notice of...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up In a recent poll, Colorado ranks amongst the highest states when it comes to crypto activity. Colorado Ranks High When It Comes to Crypto Activity The study was conducted by Cryptobetting.org. The platform looked at all the crypto activity occurring within the 50 states of the American union, and as it turns...

MicroStrategy – the business intelligence company co-founded by Michael Saylor – has purchased bitcoin each quarter since August 2020. The company is the largest corporate holder of the primary cryptocurrency, owning 140,000 BTC. It accumulated its stash at an average price of $29,803, meaning it currently sits on a minor unrealized loss. Adding More BTC During Every Quarter Despite the volatile nature of bitcoin and the 2022 bear market that disrupted the cryptocurrency...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Gary Gensler – the head of the Securities and Exchange Commission (SEC) – is asking Congress to grant the agency even more funding so he and his fellow agents can continue their investigations into the crypto arena. Gary Gensler and the SEC Want More Money In a recent conference, Gensler described the crypto...

Ethereum network’s active deposits have reached an eight-month high. This metric depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest data compiled by crypto-analytic Santiment, the deposits hitting an eight-month high could potentially foreshadow...