Crypto news

Ukraine’s NFT auction has come to a very profitable end: On Wednesday, the country raised $6.75 million worth of ETH after a three-day bidding process for an image of its flag. The bidding process began on February 26th, when the flag NFT was listed. It ended on March 2nd, in a sale for 2,174 ETH. A long list of over 3000 smaller contributors helped bring that number up to 2,258 ETH. Though worth $6.75 million at the time, it is now worth $5.69 million due to a decline in...

Non-custodial protocol, Diagonal Finance has announced a $2.5 million pre-seed round. The main objective of the platform is to make the subscription process seamless for companies focused on Web 3. Capital Infusion According to the official blog post, the funding round was led by Mechanism Capital. Other investors, such as Coinbase Ventures, MetaCartel Ventures, The LAO, Founder Collective, Angel DAO. Messari’s Ryan Selkis, The Daily Gwei’s Anthony Sassano, were among the...

Residents of a town called North Tonawanda in New York are not too happy about all the noise created by a nearby digital currency mining facility. Located on Erie Avenue, a street used by several neighborhoods, citizens feel that the noise levels are making the area unsafe. Crypto Mining Facility in New York Is Quite Noisy One of the residents complaining about the nose is a woman named Darlene Bolsover. In an interview, she says the mining facility presents a lot of...

As Terra ascends the ranks of the top ten cryptocurrencies, its popularity as a yield generator continues to soar. It is now the second most staked crypto by value, surpassing even Ethereum 2.0. Staking VS DeFi To be clear, this “staked” value does not refer to the “total value locked” in the DeFi protocols on various blockchains. Ethereum still dominates in this arena, with $110 billion locked out of the total $200 billion across all of DeFi.  Terra remains at a distant 2nd...

Bitcoin has surged. The world’s number one digital currency by market cap is once again trading above the $40,000 mark, meaning the Russian invasion of Ukraine may be having sudden opposite effects. Ukraine Invasion May Have Aided BTC Over the past week, the world watched in horror as Russia invaded its neighbor Ukraine. The price of bitcoin immediately began to tank as fears of war began running across the globe. Traders began to view their digital asset savings...

Sanctions from the West have been hitting Russia’s economy hard. But Japan’s financial regulator and the country’s industry body for cryptocurrencies is now looking to ensure that these sanctions are carried out effectively. It aims to do so by plugging loopholes and restricting the transfer of digital assets of individuals and entities on the nation’s sanctions list. Crackdown on Russian Cryptocurrency Transactions From shutting out of the international payment gateway SWIFT...

The South American nation has seen economic struggles for years, whether prompted by hyperinflation or simply low salaries. Now, though, the president – Nicolas Maduro – announced a positive development for the locals in the form of an 18-fold increase in the monthly minimum wage. 18x Salary Increase Due to the Petro Long before El Salvador legalized bitcoin, Venezuela already had a compelling history with the cryptocurrency industry. At one point, it was among the most...

Face Pay Inc. – a firm that looks to help credit card companies avoid or eliminate third-party fees – announced it is unveiling its own cryptocurrency known as Face Pay Crypto. Face Pay Is Launching a New Crypto System The company made headlines roughly two years ago when it launched a new fixed-price subscription service. Now, the enterprise will be entering the digital asset market so customers can shop utilizing currencies like bitcoin, Ethereum, and similar altcoins....

Retail investors seem to be returning on the bitcoin landscape, at least according to relatively small addresses. Such holding at least 0.1 BTC have marked a new all-time high, while wholecoiners are at a 10-month peak. Retail Investors on the Hunt? Data from the blockchain analytics company Glassnode shows the gradual growth of bitcoin wallets containing 0.1 or more BTC. As the graph below demonstrates, such entities skyrocketed during the 2017 bull run, when the retail...

The past week went over the flag of war taking place in Europe following Russia’s invasion of Ukraine. All eyes were on the conflict while global markets and cryptocurrencies were as volatile as ever. Let’s start with Bitcoin. Last week this time, things were looking relatively calm for Bitcoin despite the ongoing war between Russia and Ukraine. At that time, major economic forces such as the EU and the US hadn’t yet enforced any serious sanctions as most of them were still...