Crypto news

Renowned American rapper and actor – O’Shea Jackson Sr. (better known as Ice Cube) – asserted that he is a supporter of the first-ever memecoin Dogecoin. Thus, he put his name next to the likes of Elon Musk, Roger Ver, Snoop Dogg, Gene Simmons, and more. Ice Cube Among the DOGE Proponents Despite being created as a joke in 2013, Dogecoin emerged as a leading digital asset with a market capitalization of over $17 billion. The token also attracted numerous celebrities who...

Created by the leading US-based cryptocurrency exchange, Coinbase Wallet is quickly becoming a preferred self-custody wallet among users. It offers a very familiar user experience to existing solutions, which makes the overall transition seamless for those who’ve already worked with a self-custody wallet. Moreover, it carries the reputation and confidence instilled by the Coinbase brand. Coinbase Wallet was launched in 2018 and has managed to become one of the best...

EOS price started a fresh increase from the $1.920 low against the US Dollar. The price is now trading above $2.10 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $2.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend its increase if it clears the $2.30 resistance zone in the near term. EOS price is gaining pace above $2.10 against the US Dollar, similar to...

Litecoin started a fresh increase from the $94 low against the US Dollar. LTC price is now trading above $100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $100 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate higher above the $107 and $110 resistance levels. Litecoin price is gaining pace above $100 against the US Dollar, similar to bitcoin. LTC price could...

The government of Dubai is not slowing down its efforts to promote the development of the local crypto industry and its appeal to crypto enthusiasts. On May 03, The Dubai Virtual Assets Regulatory Authority (VARA) announced the purchase of a piece of land in The Sandbox metaverse, meant for the development of virtual headquarters. According to an official statement, the VARA is stepping into the Metaverse to reach a “borderless audience,” while also improving social inclusion...

Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will help Argo fund the purchase of mining equipment for its Helios facility in Dickens County, Texas. Argo Seeks Additional Equipment Financing From NYDIG As part of the financing, Argo will borrow up to $70.6 million from NYDIG, the interest rates set at 12%, the official press...

Bitcoin-friendly politician – James David Vance – won the Ohio Republican Senate primary election and will face the member of the Democratic party – Tim Ryan – in November this year. The voting will determine the next senator of Ohio, and, interestingly, Ryan is also a supporter of the crypto sector. Crypto Backers on the Final Stretch The American politician, venture capitalist, and author – James David Vance – secured a victory in the Ohio Senate Republican primary. He won...

MicroStrategy is arguably a giant in the world of computer software, but at this stage, the company has invested so much money in bitcoin that CEO Michael Saylor says investing in his company is the equivalent of BTC spot trading. Michael Saylor Is Confident in His Company’s BTC Dealings Saylor said these words in a half serious, half joking manner. It has been said before that the company’s stock shares now correlate rather heavily with bitcoin given how much the...

The leading private bank in Liechtenstein – LGT Bank – partnered with SEBA Bank to offer direct investments in digital assets for its customers. The cryptocurrencies included in the initiative are the two largest by market capitalization – bitcoin (BTC) and ether (ETH). LGT Enters the Crypto Ecosystem The financial institution noted that the demand for digital assets has risen “sharply” in recent years. To cope with the growing interest, LGT allowed its clients to invest...

The Federal Reserve announced a 50 basis point interest rate hike during May’s Federal Open Markets Committee (FOMC) meeting. This is twice the size of the rate increase from last month, and the largest hike since May of 2000. Fed chairman Jerome Powell began his press conference following FOMC with a direct message to the American people:  “Inflation is much too high”. March’s annual CPI statistic clocked in at 8.5% last month, the highest official inflation level in over 40...