Crypto news

INTERNET CITY, DUBAI, Aug. 16, 2022 – LBank Exchange, a global digital asset trading platform, will list Omax Coin (OMAX) on August 18, 2022. For all users of LBank Exchange, the OMAX/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on August 18, 2022. Disrupting the crypto payment space, Omax Coin (OMAX) is here to become the future point-of-sale cryptocurrency by integrating its blockchain with popular e-commerce checkout and payment system....

INTERNET CITY, DUBAI, Aug. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed PETT on August 15, 2022. For all users of LBank Exchange, the PETT/USDT trading pair is now officially available for trading. Connecting pet care in blockchain-based tracking platform, Pett Network builds an ecosystem that will expand to all pet owners, service providers and producing facilities. Its native token PETT has been listed on LBank Exchange at 17:00...

EOS price rallied over 15% and climbed above the $1.50 resistance against the US Dollar. The price is now trading above $1.40 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $1.40 and $1.34 support levels. EOS price is rising above $1.40 against the US Dollar, similar to...

Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure. The mining company also intends to restructure a convertible note for cash after receiving a binding commitment letter from private credit investment manager WhiteHawk Capital...

The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by mixing several users’ coins before sending them to their destination addresses. Powell argued that banning Tornado Cash because it is...

Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin ETF The firm noted that the products, dubbed the Monochrome...

In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles.  The Theory of Reflexivity In an article titled “ETH-flexive,” Hayes centers his bullish thesis around George Soros’s “theory of reflexivity.” The theory...

Everything rises and falls on leadership, but which of the leaders should be held responsible for the massive dump of the Terra Network? Various cryptocurrency tokens such as SafeMoon have been bearish for the past few days due to the Fed’s increase in interest rate. The Terra Network has been one of the most reliable in the crypto industry for the last year. Should the leadership of the Terra Network be held responsible? Or the Federal Reserve leadership who have raised...

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly names. The not-for-profit naming system is powered by the Ethereum blockchain,...