Crypto news

INTERNET CITY, DUBAI, May. 7, 2022 – LBank Exchange, a global digital asset trading platform, has listed WeWay (WWY) on May 7, 2022. For all users of LBank Exchange, the WWY/USDT trading pair is now officially available for trading. As a platform that offers exclusive NFTs and experiences from celebrities, WeWay (WWY) allows its users to collect digital art made by top influencers and get involved in real life activities with superstars. Its native token WWY has been...

INTERNET CITY, DUBAI, May. 6, 2022 – LBank Exchange, a global digital asset trading platform, has listed ULANCO (UAC) on May 6, 2022. For all users of LBank Exchange, the UAC/USDT trading pair is now officially available for trading. As Korea’s largest virtual currency payment system, ULANCO (UAC) is here to become the center of the transaction, and a means that can be used anywhere where there is a basic flow of money flow. Its native token UAC has been listed on LBank...

Non-fungible token (NFT) platform Zora raised $50 million in a seed funding round to expand its services to customers. The investment was led by prominent venture capital firms such as Haun Ventures, Coinbase Ventures, and Kindred Ventures. Zora’s Valuation Tapped $600 Million NFTs remain an intriguing feature for a big chunk of the crypto participants, allowing many startups to raise multimillion investments to strengthen their position in the field. The latest such entity...

The Gemini exchange in New York is introducing a new credit card that will provide crypto-based rewards to its customers. Gemini Is Establishing a New Crypto Rewards Card Individuals who use the credit card for purchases will earn cash back in crypto. Known as the Gemini Credit Card, the item gives three percent cash back in bitcoin or other forms of crypto to customers using it for dining purposes. They can also get two percent when they use their cards for groceries,...

The first-ever Portuguese real-estate purchase has been settled for Bitcoin – without involving a conversion back to fiat money. Buying a Home With Bitcoin As reported by the local news outlet Idealista, the deal was for a T3 apartment in Braga, costing the buyer exactly 3 Bitcoin. That’s about 102,000 euros, or 108,000 dollars, at current prices. Until last month, purchasing real estate using cryptocurrencies required buyers to first convert their holdings to euros. However,...

Bitcoin has crossed the halfway line of its third halving, which the community sees as a bullish sign for its price since the issuing rate is reduced by 50%. Less Than 105,000 Blocks Away From Next Halving After Block 735,000 was mined on Thursday by Poolin, earning 0.16215354 BTC ($6,402.45) in fees, Bitcoin officially entered the second half of the third halving cycle. This one – like any other in the past or the future – has 210,000 blocks available to be mined, and half...

Is bitcoin still a good hedge against inflation? According to OK Coin CEO Hong Fang, the answer is a resounding “yes.” Hong Fang: Bitcoin Can Still Fight Inflation The argument of bitcoin serving as a hedge against inflation has been going on for years. This argument especially took precedence during the early days of COVID. At the time, everyone was losing their jobs left and right and were being forced to stay home. Businesses were closing, and the economy was in a...

Bitcoin’s price crashed to levels that we last saw on the day that Russia invaded Ukraine. Moreover, the entire market lost over $150 billion of its capitalization as the past 24 hours caused nothing but mayhem in the industry. Bitcoin’s price is down 9% in the past seven days, and it’s currently trading slightly above $36K. This time last week, the cryptocurrency was sitting slightly below $39K, and the week was going relatively well. The price managed to increase towards...

The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF. According to the official document, Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of Teucrium. However, the launch date has not been disclosed yet. Unlike its Canadian, European, and Latin American counterparts, the US...

The crypto market experienced a sharp drop yesterday, liquidating many long positions. A lot of cryptocurrencies are approaching their long-term support levels, and it remains to be seen how bulls will defend them. Technical Analysis By Grizzly The Daily Chart On a daily time frame, XRP moves down inside a descending channel (in yellow). The intersection point of the channel’s midline with the horizontal support at $0.5 (in green) is a crucial level to monitor. If the bulls...