Crypto news

Binance – the world’s largest and most popular crypto exchange – is unveiling a new prepaid crypto-based credit card to be utilized by consumers in regions like Colombia. The New Binance Card Will Be for Latin American Use The South American nation has become one of the biggest adopters of bitcoin and other digital currencies in recent years. It is the third most active member of Latin America when it comes to crypto trading and related activities. Number one is...

The legendary US investor and an outspoken critic of cryptocurrencies – Warren Buffett – launched another bashing manifest against bitcoin, classifying it as a “gambling token.”  He argued that most people invest in it in search of “easy money,” alerting that the pursuit of getting rich in a short period of time hides its risks. Throwing Stones at Bitcoin… Again Although bitcoin has soared by over 80% YTD amid the massive financial uncertainty, some people might never change...

Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum. Kristi Noem Shoves the Bill Aside In a recent statement, Noem commented: At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the...

ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space. Hong Kong is giving a major push to crypto adoption just at a time when US regulators have initiated a strong crackdown on crypto companies. In the latest development, Hong Kong’s largest virtual bank aka ZA Bank announced that it will allow crypto to fiat conversions. Besides, ZA Bank also noted that they would be facilitating settlements for regulated Web3 companies in...

[PRESS RELEASE – Singapore, Singapore, April 12th, 2023] Famed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New Platform Minnapad, a create-to-earn DAO launchpad and NFT marketplace that provides access to renowned Japanese creators, announced the first two DAOs in a series planned for this year. The inaugural kick-off will be in partnership with two game...

The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB. Metaverse platform MetaPoint recently experienced an exploit that cost roughly $1 million in Binance Coin (BNB). According to reports, the cyber attackers made away with 2,515 BNB, raising concerns about blockchain vulnerability. The MetaPoint exploit also comes as the tech space begins restraining its expectations regarding the emerging metaverse....

In recent months, Ethereum has experienced a significant surge in price, surpassing multiple resistance levels. However, the bullish momentum appears to be fading, and the cryptocurrency is currently having difficulty in continuing its upward trend. As of now, ETH is struggling to maintain its position and surpass a significant resistance region. Technical Analysis By Shayan The Daily Chart In March 2023, Ethereum’s price saw a significant rally when it found support at the...

Ripple attempted to exceed the significant resistance region of $0.58 but was rejected, leading to a slight decline. However, there is a decisive support zone ahead at the $0.48 area, and the upcoming price action will determine the short-term outlook. Technical Analysis By Shayan The Daily Chart Following a sharp surge in value, XRP has broken through several significant barriers, strengthening its outlook. However, the price’s upward momentum lost steam when it encountered...

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based...

FTX Europe – the European subsidiary of the now-collapsed global crypto giant – has filed a petition for a Swiss moratorium proceeding, which was granted by a court on April 11th. Meanwhile, the CySEC also announced extending FTX Europe’s license suspension until September-end. FTX Europe Moratorium According to the official press release, the proceeding is expected to help the embattled company to explore strategic alternatives, including the previously disclosed potential...