Crypto news

Republicans currently serving on the House Financial Services Committee recently stated that they are going to be starting a new subcommittee devoted to crypto following the debacle that was 2022. Republicans Are Looking to Fix Crypto During that time, not only were prices of various assets (bitcoin in particular) reaching new lows, but there were bankruptcies, fraud cases, and other problems spreading like a disease. It appears republicans of Congress are now working to...

NFTs have come to Bitcoin – and they’re quickly taking the network by storm. On Wednesday, BitMEX blog provided reviewed the adoption of Ordinals, the NFT-enabling protocol that’s been a subject of heated debate in the Bitcoin community over the past week. Just how much steam is the new feature generating on-chain? Ordinals: The Data Going by BitMEX’s numbers, the number of Ordinals transactions per block skyrocketed in February 2023, surpassing an average of 225 on February...

FTX may restart. That’s the crazy news for today, that one of the biggest crypto debacles could eventually turn itself around. The news has been greeted with positivity given that FTT – the native token of the now defunct crypto exchange – has risen by more than 35 percent at the time of writing. Could FTX Become Operational Again? Initially, the token was trading at about $1.83, though it has since risen to just over $2.50. John Ray III – the new CEO of the exchange who...

All eyes in the crypto community have been on the SEC and its decision to pursue certain crypto staking offerings in the States. After Kraken, many believe Coinbase will be next to have to settle with the regulator, which is why the largest US-based exchange decided to address the matter. Our Products Are Not Securities: Coinbase The exchange’s Chief Legal Officer, Paul Grewal, asserted in the blog post that the company’s staking services do not meet the Howey test criteria,...

Bitcoin’s recent freefall seems to have stopped for now, as the asset has calmed at just under $22,000. Most altcoins have even registered minor daily increases. Some, such as HBAR and Lido Dao, have even soared by double-digits. Bitcoin Calms Below $22K The situation around bitcoin was significantly more positive last week when it jumped above $24,000 for the first time since August 2022. However, it failed to remain there and retraced by over a grand to $23,000 in the...

Nexo will stop providing its Earn Interest Product to US customers as of April 1, 2023. This is a direct consequence of the company’s recent settlement with US regulators, in which it had to pay $45 million in fines. Recall the agreement reached between Nexo and the US SEC as well as NASAA, which “concluded on a no-admit-no-deny basis and closed all multi-year-long inquiries” into the crypto lender. The company now announced that it will stop the Earn Interest Product for all...

The Canadian University of Dubai (CUD) partnered with Binance to enable students to pay their fees in digital currencies. With the recent collaboration, the exchange dived deeper into the local ecosystem. It received a cryptocurrency license from Dubai’s regulators in September last year.  Settling the Semesters in Crypto The world’s leading crypto platform disclosed the partnership on its Twitter account, saying current and future students of the CUD are allowed to settle...

A study by BanklessTimes revealed that 67% of respondents aged 27-42 consider bitcoin a safe haven. Previous polls have shown that millennials are among the most active demographic groups in the cryptocurrency space and have a friendlier outlook than older generations. BTC Emerges as an Important Asset for Millennials According to Jonathan Merry – CEO of BanklessTimes – the primary cryptocurrency is a vital investment instrument for millennials as it offers financial freedom...

According to figures provided by Messari, the decentralized digital platform – Tron – made a revenue of $47.9 million in the last quarter of 2022, a 25% increase compared to Q3.  The entity also recorded a surge of average active daily addresses and average daily transactions. Better Results Despite the FTX Collapse In its most recent research, Messari outlined that 2022 has been a “rollercoaster” year for the cryptocurrency sector. Unfavorable macroeconomic conditions took...

Just yesterday, Live Bitcoin News put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain necessary information about its clients and customers. Now, it looks like Binance – the world’s largest and most popular digital currency...