Crypto news

The President of El Salvador – Nayib Bukele – disclosed that the country’s tourism sector has increased by 95% since it embraced bitcoin as an official means of payment. He criticized some central banking institutions, including the Federal Reserve, claiming their policies have washed out a big chunk of people’s savings. As such, Bukele expects a lot of individuals from the West to focus on decentralized financial instruments. ‘We Get Some Rebranding’ El Salvador’s political...

While many were excited when Yuga Labs announced its first ordinals NFT collection last month, the exact nature of its auction process is proving highly controversial.  Casey Rodarmor – the inventor of Ordinals – called the NFT giant’s sale “degenerate” due to putting its participants’ Bitcoin holdings at risk.  The Problem With Bitcoin Auctions In a Twitter thread on Sunday, Yuga Labs published details surrounding how its upcoming “Twelvefold” auction would work. Twelvefold...

Ethereum’s price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback. Technical Analysis By: Edris The Daily Chart On the daily chart, the price was rejected from the $1800 level and the higher boundary of the large symmetrical triangle pattern earlier in February. It has since broken below the 50-day moving average,...

Following an extended period of uncertainty and consolidation, XRP has approached the narrow range of its multi-month triangle. The mid-term outlook of XRP will be determined by a breakout from this triangle, while the current price action suggests a bearish trend. Technical Analysis By Shayan The Daily Chart On the daily timeframe, XRP has been forming a symmetrical triangle pattern and has now reached the narrow range of the triangle. However, the cryptocurrency was...

The cryptocurrency market has stalled in the past few days in a rather untypical fashion, but all that can change this week as there’re multiple major events and announcements coming from the world’s largest economy. It starts with US Fed Chair’s testimony to Congress and spreads to jobless claims as well as the unemployment rate. Powell to Testify The US central bank reversed its monetary policy after the COVID-19 pandemic began to fade away and started rising the interest...

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Union Finance Minister Nirmala Sitharaman of India commented that crypto regulation has become a major priority for several finance ministers and central bank governors of G20 countries. She commented that during this year’s summit, crypto regulation is likely to be a hot topic that many of them will discuss. Nirmala Sitharaman: Crypto Regulation Must Be Enforced By All Nations Sitharaman also commented that crypto regulation will likely have to be a group effort. There...

[PRESS RELEASE – Please Read Disclaimer] The partnership will bring reliable cross-chain asset transfers and enhanced web3 experiences to users March 2, 2023 – Poly Network, a global cross-chain protocol for implementing blockchain interoperability and building Web3 infrastructure, has announced a new partnership with OKX Web3 Wallet, a leading self-custodial solution for digital assets. Through this collaboration, Poly Network has integrated the OKX Wallet web extension on...

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Why do actors consider themselves experts on things they’re clearly not experts on? Is it because they’re surrounded by entourages that deem them gods of some kind? Is it because their agents and managers suck up to them out of knowing that if they don’t do what they should, they won’t get their ten percent cuts? In any case, actors seem to think they always know it all, and Ben McKenzie of “The O.C.” fame is no exception. Ben McKenzie Likely Doesn’t Know as Much as He...