Crypto news

Many Cubans are now using cryptocurrencies as an alternative means of exchange due to limitations imposed by US sanctions on the country’s traditional payment rails. Over 100,000 Cubans are reportedly using digital assets, largely thanks to mobile internet reaching the country just three years ago.  Cuba’s Crypto Economy NBC News recently interviewed Nelson Rodriguez – a Cuban cafe owner who now accepts both Bitcoin and Ethereum for payments. He said he believes in the...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People’s Republic of Korea (DPRK). OFAC Sanctions Coin Mixer In the official press release, the OFAC revealed that North Korean hackers had used Blender to launder digital assets as well as to carry out state-sponsored cyber attacks. The website was reportedly engaged in the...

Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidelity Allows Users to Invest in Crypto with Their 401Ks Adam Dell – the founder of Domain Money – believes this is one of the biggest boosts crypto has been given in recent years. During an interview, he commented: It’s a recognition that investors are looking for access to...

Bittrex Global is the international arm of the Seattle, Washington-based U.S. Bittrex exchange. It is based in Lichtenstein, and it’s registered and supervised by the local financial market authority. For the first years of crypto trading and until the 2017 bull run, Bittrex was considered to be among the leading exchanges, and founders were eager to list their tokens on the US-based exchange. Chris Sinkey is the Chief Business Officer and Listing Director for Bittrex Global...

Pierre Poilievre – a candidate for the Conservative Party leader of Canada – says that cryptocurrencies are a solid hedge against inflation, something the nation has been experiencing for months. However, two main officials of the Bank of Canada disagree. They have rebuked his words, saying crypto serves no such purpose and that they will not replace the Canadian dollar with any form of digital currency. Pierre Poilievre Believes Crypto Can Halt Inflation in Canada...

Balancer is one of the most popular automated market makers (AMMs) and decentralized exchanges on the Ethereum network. It allows users to instantly swap tokens and earn fees when they provide liquidity to different pools. Balancer competes with other platforms such as ERC20-based Uniswap and SushiSwap. It has its advantages and disadvantages. The following aims to answer questions regarding Balancer, examine core features, customer support, security guarantees, and so...

Cypherpunk – a leader in the blockchain, metaverse, and cryptography sectors – has recently invested more than $500,000 into the AB Digital Strategies Fund managed by Isla Capital. The company made a $250K investment in February and the second investment a few weeks ago in April. Cypherpunk Gives Half a Million Dollars to Digital Strategies Fund Jeff Gao – the CEO of Cypherpunk – said that he is trying hard to ensure the company moves away from cash and traditional...

Ripple has touched the range between $0.5-0.55 three times over the past year. Now, the bears are trying to bring the price to this range once again, but will support hold the fourth attempt? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears were able to push the price below the support level at $0.63 and turn it into a horizontal resistance (in red). XRP price continued to drop after the pullback and is now close to the...

After failing to maintain the critical support level, Shiba Inu’s native token crashed and is on a path to setting a new local low. Key Support level: $0.000017 Key Resistance level: $0.000020 The support at $0.000020 turned into solid resistance on Saturday and today’s price action confirmed the breakdown with another daily red candle. The next key support is found at $0.000017 and SHIB, heading there, could find a temp relief upon reaching the support level. Chart by...

After consolidating above the $37K decisive level for a few weeks, Bitcoin was eventually rejected after another attempt at $40K and plunged below the key support following tremendous bearish momentum. BTC futures market has seen a massive long liquidation due to the recent bearish leg. Technical Analysis Technical Analysis By Shayan The Daily Chart Many retail investors have been buying Bitcoin around the $37K range, resulting in a lot of liquidity (sell stops) below the...