Crypto news

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The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions. The securities watchdog also asked for permanent injunctive relief, conduct-based injunctions, disgorgement with...

The Bank of Russia and the Ministry of Finance of the Russian Federation (MiFin) have agreed that crypto mining should be allowed only in certain areas. According to a new report by RBC-Crypto, Russian officials are preparing to legalize mining activity only in energy-rich regions and aim to ban the niche in energy-scarce ones. The legislation should be adopted by the end of this year. Energy-Extensive Areas Only Reiterating the authorities’ stance, Chairman of the...

The cryptocurrency markets are experiencing a period of stagnation. Meanwhile, ETH has been trading inside a tight range for the last seven days. Technical Analysis By Grizzly The Daily Chart On the daily chart, we can see two descending lines since ETH had reached its all-time high, and right now, ETH is retesting the lower line (green), along with the 200-week moving average (in yellow). From the bearish side, if the green support line doesn’t hold and the selling pressure...

Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum. Binance Says It’s Eliminated Fees for Some ETH-Based Transactions The goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months....

Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode.  The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs.  Miners in the Red As tweeted by Glassnode on Wednesday, miner balances have seen large outflows since Bitcoin’s failed re-test of $24,500 in August. The price pumped alongside Ethereum in anticipation of...

The bear market has been tough for everyone, and holding on to Coinbase shares may not be wise, according to Wells Fargo. The multinational financial services company issued a profitability warning stating that the current market conditions may hurt the publicly traded crypto exchange. Despite having the early-mover advantage, Coinbase is now facing stiff competition from its rivals which have exploded the space in recent times. According to а CNBC report, Wells Fargo implied...

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Another digital currency exchange has let a bunch of its employees go. In an age of layoffs, it’s only natural that such a trend would continue so long as the crypto winter remained in full force. Right now, it appears the latest firm to say goodbye to several members of its staff is Rain, a digital currency trading platform based in the Middle East. Rain Says Goodbye to Many Employees Founded in 2017, the company is licensed by the Central Bank of Bahrain and provides...

Ted Cruz – the republican senator of Texas – is fighting hard for crypto and its advocates. He’s learning more about the space and working to ensure it’s a future hub for innovation in the U.S. Ted Cruz Is an Official BTC Fan Not long ago, Cruz toured the facility of Riot Blockchain – one of the biggest crypto miners in existence – in Texas and discussed his experiences on social media. He stated: I am proud to lead the fight of the crypto industry in the Senate. Texas...