Crypto news

Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – announced earlier in the week that it is taking heavy action against Russian accounts on its platform. The company has worked to block as many as 25,000 separate crypto accounts allegedly stemming from Russia and that are believed to be involved in illicit activity. Coinbase Works Against Russian Accounts In addition, Coinbase says that it is revamping its efforts to push against...

The Financial Conduct Authority (FCA) of Britain has ordered that all Bitcoin cashpoints in the country be shut down. ATM providers recently received an order from the watchdog to cease operations, or risk facing enforcement action. Weeding Out Money Laundering Bitcoin ATMs allow holders of cash to independently convert their cash into Bitcoin, or vice versa. Given that cash transactions are private, the proliferation of these machines has raised concerns that they could help...

The line between banks and crypto is becoming a lot thinner thanks to republican politicians in Virginia. A new amendment will be signed into law by the state’s conservative governor Glenn Youngkin that will allow banks in Old Dominion to offer crypto assets and services to their customers. Virginia Is Plowing Headfirst Into Crypto Last week, the state senate of Virginia unanimously voted to move forward with a bill amendment that focused on digital currency custody. The...

Kevin O’Leary said he has allocated millions of dollars in crypto. The former critic of Bitcoin now said investing in it is like investing in giant corporations such as Google and Microsoft. 20% of His Portfolio in Crypto Back in 2019, the Canadian businessman and television personality was among the biggest critics of the crypto industry. At the time, he described bitcoin as “worthless,” “useless currency,” and even “garbage because you can’t get in and out of it in large...

The market is still in doubt, and the sideways trend has exhausted retail investors. Are we in the accumulation phase, or is this a temporary halt in a bear market? The Daily Chart: ETH has been trading above its dynamic support for more than a year, and the bears have not succeeded in breaking below. It seems that a significant uptrend and the beginning of a bull market starts with the ROC indicator crossing above the downtrend line in the ROC (30D), which has performed well...

Bitcoin has been trading sideways in the past few weeks. It is still consolidating between the $36K and $45K levels, liquidating both bulls and bears on multiple occasions. With the current economic and geopolitical uncertainty, it would be wise to consider the worst possible case and plan it. Technical Analysis By: Edris The Daily Chart: On March 7th, BTC rebounded from the lower boundary of the range and broke above the 50-day moving average. The next day, it regained the...

The cryptocurrency market went through some massive volatility throughout the past week. This was largely induced by President Joe Biden’s executive order on digital assets, US inflation numbers coming up, and the ongoing war between Russia and Ukraine. Let’s unpack. Bitcoin’s price was trading at around $41,000 this time last week but quickly headed south and dropped towards $39K on Saturday. What followed was a few days of choppy sideways action, and BTC even declined to...

A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet. The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds, according to Reuters.  The first one was the NYDIG Bitcoin ETF proposal, and the second one was the Global X Bitcoin Trust. The move...

The Bored Ape Yacht Club hinted at another initiative earlier today without providing any specifics and once again sparked the curiosity of many. However, upon following the provided link, users were met with a KYC prompt, and many were less than happy. Earlier today, the official Twitter account of the Bored Ape Yacht Club posted a link carrying the domain somethingisbrewing.  The team further explained that it’s something they’ve been working with Animoca Brands. This has...

[PR – Melbourne, Australia, 11th March, 2022, Chainwire] Today the Internet of Energy Network (IOEN) is proud to officially announce its new listing on the centralized exchange MEXC, one of the top centralized exchanges in the world. The listing will take place on Tuesday the 15th of March, at 03:00 UTC, with the initial trading pair IOEN/USDT. This follows on from IOEN’s listing on Gate.io a few months ago, and IOEN’s listing on various decentralized exchanges. Prior to...