Crypto news

The Brazilian authorities reportedly ordered Glaidson Acácio dos Santos (known as “Bitcoin Pharaoh”) to deposit 19 billion BRL (nearly $3.7 billion) in court. This sum will be transferred to more than 122,000 investors and creditors who have become victims of his fraudulent cryptocurrency scheme. Last year, the Brazilian Federal police organized a special mission called “Operation Kryptos,” following which they halted Santos’ illegal activities. In addition, they confiscated...

The authorities of Colorado announced that state residents can now pay their taxes in cryptocurrencies instead of fiat. Among the supported digital assets are the two biggest by market capitalization – Bitcoin (BTC) and Ether (ETH). Still, Colorado’s Revenue Department is not allowed to accept direct crypto payments, which is why it partnered with PayPal, which will help with the transactions. Colorado’s Pioneering Move The State’s officials disclosed that Colorado residents...

Following a two-day Federal Open Markets Committee (FOMC) meeting, the Federal Reserve has risen its benchmark interest rate by another 75 BPS.  Bitcoin’s price reacted erratically to the news, dropping by $1000 mere moments after the announcement.  The hike, revealed at 18:00 UST on Wednesday, takes the central bank’s new policy rate up between 3.0% to 3.5%.  Most investors expected a 75-point rise heading into the meeting, but markets had priced in a roughly 15% chance of a...

INTERNET CITY, DUBAI, Sep. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed NvirWorld (NVIR) on September 20, 2022. For all users of LBank Exchange, the NVIR/USDT trading pair is now officially available for trading. As a layer 2, hybrid decentralized NFT platform, NvirWorld (NVIR) allows creators and collectors to find, buy, sell and trade rare NFT items in its NFT marketplace, while providing other core products such as DeFi digital asset...

INTERNET CITY, DUBAI, Sep. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed FLIP Token (FLIX) on September 20, 2022. For all users of LBank Exchange, the FLIX/USDT trading pair is now officially available for trading. As a global real estate development and operation platform, FLIP Platform utilizes the blockchain technology to enable transparent, fast, and efficient transactions in real estate brokerage, development and financing. Its...

INTERNET CITY, DUBAI, Sep. 19, 2022 – LBank Exchange, a global digital asset trading platform, has listed Semicon1 (SMC1) on September 19, 2022. For all users of LBank Exchange, the SMC1/USDT trading pair is now officially available for trading. Providing cost-effectiveness, transparency, and security through blockchain, Semicon1 (SMC1) enables large-scale expansion of semiconductor lines quickly and at low cost. Its native token SMC1 has been listed on LBank Exchange at...

INTERNET CITY, DUBAI, Sep. 13th, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities. New Listings on LBank ExchangeScheduled this week starting on 13th September.For a more...

Despite the overall bearishness of the crypto market, there are many analysts out there that seem to believe bitcoin still has what it takes to hit a $100,000 price. Bitcoin Is Stronger Than It Looks Right Now The state of bitcoin is rather poor as of late. The world’s number one digital currency by market cap has fallen into the doldrums and crashed like no other currency this year. The digital asset was trading for a new all-time high of about $68,000 per unit last...

The controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16, Twitch said in a statement. It mentioned that Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, the most notable crypto gambling sites using its platform, will no longer be able to use it to stream their activities. Going forward, Twitch will identify other crypto gambling sites and disable their access to its platform. ...

Simeon Hyman is the global investment strategist at Pro Shares. He recently sat down to discuss the current state of the crypto market and what he thinks the future holds. Simeon Hyman on the State of Crypto Pro Shares is famous for releasing the first official bitcoin exchange-traded fund (ETF) last year. While the product got a lot of flak for being based on bitcoin futures rather than actual spot trading – the former being considered less stable than the latter – it...