Crypto news

The Pinduoduo app serves more than 700 million people every month. Google has no word on when it will get the app back on the Play Store. On Tuesday, March 21, tech giant Google announced the suspension of the Chinese e-commerce app Pinduoduo citing that they discovered malware in the unsanctioned versions of the software. Google Suspends Pinduoduo App As a security precaution, the Play Store version of Pinduoduo is no longer available for download. This development comes at a time when...

SpankChain is an Ethereum-based blockchain targeted at helping adult content creators remove third-party intermediaries like conventional banks, which have had a notorious history of conflict with the adult industry. Ethereum-based adult entertainment platform SpankChain is closing its crypto payment processor SpankPay, losing its payment service provider Wyre, in February while being unable to find a new provider. In February, SpankPay disclosed that its former provider had ended its...

The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week. American multinational financial services firm Mastercard Inc (NYSE: MA) has entered into a strategic partnership with Stables, an Australian fintech startup to help advance stablecoin adoption in the APAC region. As reported by CoinTelegraph,...

In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration. On Tuesday, March 21, the US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will hear the plea from lawyers representing crypto exchange Coinbase asking to pause a pair of class-action lawsuits against the crypto trading platform. However, this case is not quite on the technicalities or the...

The United States has been working on its own CBDC after the Biden-led administration developed policy objectives in 2022. The governor of Florida, Ron DeSantis, is proposing a law that seeks to ban the use of central bank-issued digital currencies (CBDCs) in the state. According to a press release, the governor explained that the legislative proposal is being floated to protect residents and businesses within the state. DeSantis also suggests that the Biden administration is trying to...

ADA price seems to be forming a support base above the $0.30 level against the US Dollar. The price is now trading above $0.320 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.350 on the 4-hours chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.350 and $0.368 levels. Cardano price is showing positive signs above $0.320 against the US Dollar, similar to bitcoin. ADA...

Ethereum price is moving higher above the $1,700 resistance against the US Dollar. ETH price is now trading above $1,700 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,730 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,660 support zone. Ethereum price is consolidating above the $1,730 level against the US Dollar. ETH/USD could rise further if it clears the...

The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned.  Crypto scammers have previously compromised the Twitter account of India’s Prime Minister – Narendra Modi – and the profiles of the Indian Medical Association (IMA), the Indian Council of World Affairs (ICWA), and Mann Deshi...

Strike CEO Jack Mallers believes Bitcoin is primed to pump following the Federal Reserve’s $300 billion injection into the banking sector last week.  Mallers predicts that the US dollar is entering a new era of persistently high inflation, which will only benefit Bitcoin.  Is Higher Inflation Inevitable? Speaking with CNBC, co-anchor Kelly Evans asked the CEO why people should expect Bitcoin to moonshot following a banking crisis, the likes of which have historically been...

Florida Governor Ron DeSantis is the next Republican politician to take a firm stance against Central Bank Digital Currencies (CBDCs) in the United States.  The governor recently voiced support for a ban on CBDCs within the state, blasting such technologies as tools of financial surveillance.  Standing Against CBDCs In a speech shared over Twitter on Monday, DeSantis recalled President Biden’s digital asset executive order in March 2022, which called on government agencies to...