Crypto news

A Bloomberg report on Wednesday claimed that Binance app downloads in India jumped to 429,000 in August, the highest this year. This comes just months after the country implemented stringent taxation on local exchanges. Binance’s India Gains Binance is the only one among the major exchanges whose app downloads had seen an increase in August over July, the month when 1% transaction tax in the form of TDS kicked in, a Bloomberg report said, quoting data from Sensor Tower, which...

Google Cloud and BNB Chain are joining forces to accelerate the growth of web 3 startups.  BNB chain developers can now leverage Google Cloud infrastructure to help scale their applications and access other forms of technical support.  According to a press release from Binance, BNB Chain will now enable “accelerated access” to the Google for Startups Cloud Program. BNB Chain is a combination of the BNB Beacon Chain and BNB Smart Chain, and currently hosts over 1300 dapps. ...

Riot Blockchain, Inc. is a company that both hosts and mines bitcoin units. In a recent announcement, the company said it received more than $9 million from the Texas state power grid manager to cut back on its mining efforts and give the state a break as it reached peak energy demand from residents and businesses alike. Riot Blockchain Is Willing to Compromise Riot Blockchain is one of the largest, most well-known crypto mining facilities in the world. In a recent...

Paulo Ardoino – Chief Technology Officer (CTO) at Bitfinex and Tether – recently commented on Ether’s usefulness as money, post-merge.  The CTO believes the cryptocurrency cannot compete with Bitcoin as a form of money, due to design choices that have prioritized other objectives. Bitcoin is Money; Ether is Not As the CTO told Crowfund Insider on Tuesday, Ethereum is “stuck between claims of being a form of money and claims of being a platform.” As formulated in its...

With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry.  According to Lubin in a recent interview with Bloomberg TV, the first event was the birth of Bitcoin in 2009, while the second was the creation of Ethereum in 2015. “In terms of impact, in the history of...

The Fed has done a sudden reversal of the mind and is calling for Wall Street to put systems in place that will allow banks and other standard financial institutions to better deal with the growing crypto space. The Fed Thinks Crypto Should Be Studied The Fed appears to have been hellbent as of late on bringing the crypto space to its knees. The organization has done nothing but hike interest rates over the past few months as a means of trying to lower inflation....

The recent Bitcoin recovery had the majority of market participants hoping for a new bull market. However, after yesterday’s USA Consumer Price Index announcement, it seems like it was all another bull trap, and the market can still drop deeper. Technical Analysis By: Edris The Daily Chart As seen on the daily Chart, the price had rebounded from the $18K level and was moving towards the $24K resistance level. However, the 50-day and 100-day moving average lines, accompanied...

Edward Craven is an online crypto gambler and entrepreneur that just bought the most expensive house in Victoria, Australia with his earnings. Edward Craven Owns a Very Expensive Home Craven owns an online crypto casino called Stake.com. As a lover of slot machines, Craven says he’s got a funny feeling that his luck is about to get very serious. He commented in a recent interview: Me personally, I don’t know. I get this funny feeling that my luck is due. At the age of...

Solana price started a fresh decline from the $39.00 resistance zone against the US Dollar. The price is now trading below $35 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $35.90 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $32.80 support zone. Solana price is trading below $35 against the US Dollar, similar to bitcoin....

INTERNET CITY, DUBAI, Sep. 13, 2022 – LBank Exchange, a global digital asset trading platform, has listed SatelStar (STSR) on September 13, 2022. For all users of LBank Exchange, the STSR/USDT trading pair is now officially available for trading. Utilizing the power of blockchain technology, SatelStar (STSR) is here to gain market dominance in the commercial satellite market by improving communication security, data exchange transparency, irreversible information...