Crypto news

Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has today launched the Binance Refugee Crypto Card for all current and new Binance users from Ukraine forced to move to EEA countries as a result of the war with Russia. The Binance card has been created in partnership with Contis. It will allow displaced Ukrainians to make or receive crypto payments and complete purchases at retailers in the EEA who accept card payments. “At such a difficult time for...

Madison Cawthorn, a Republican congressman from North Carolina, has been accused of his involvement in a pump and dump crypto scheme dubbed Lets Go Brandon (LETSGO). According to a recent report by the Washington Examiner, several regulatory watchdogs have implicated Cawthorn in an alleged insider trading scheme involving the relatively short-lived crypto project. Let’s Gо Crypto Pump and Dump Scheme Let’s Go Brandon is a memecoin named after the chant mocking President Joe...

According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that facilitates bitcoin transactions). Additionally, there have been almost no downloads since September 2021, when the country became the first nation to adopt the asset as legal tender. Bitcoin Adoption in El Salvador Not Progressing Last year, the Central American state made the headlines...

Alena Vorobiova is a Ukrainian immigrant who says that bitcoin is a true savior. She recently had crypto transferred from the United States to her phone in Poland through what’s known as the Lightning Network. She received it very quickly, which proved useful given the lack of electronic banking in the area now that Russia has allegedly invaded Ukraine. The Lightning Network Is Being Put to Good Use The battle between Russia and Ukraine has been occurring for the past...

The Cuban central bank – the Banco Central de Cuba (BCC) – is all set to issue licenses for cryptocurrency and other virtual asset services providers (VASPs). The Gazette revealed that they will be for one year, with the option to be extended for one more. As per the resolution published in Official Gazette No. 43, BCC will grant licenses to national and foreign individual human beings and organizations. With the new system in place, BCC stated that the approved licenses will...

Janet Yellen – the Treasury Secretary – is all up in arms about bitcoin and cryptocurrencies and is super eager to get them regulated. Janet Yellen Issues Her Stance on Crypto Her words come at a time when many of the world’s leading digital currencies are in the red. Bitcoin, for example, is down 15 percent from its March highs, while BNB is down nearly four percent. Ethereum is down nearly eight percent, and Solana and Cardarno are down about 14 and 13 percent...

Not long ago, tech investor Peter Thiel – who is known for his role in the creation of PayPal, one of the largest and most popular digital payment systems in the world – took aim at Warren Buffett, calling him a “psychopathic grandpa from Omaha.” This was in response to Buffett’s repeated attacks on bitcoin. Buffett has referred to BTC “rat poison squared” in the past. Peter Thiel and Warren Buffett Fight It Out Over BTC Thiel also hit out at Jamie Dimon, the man behind...

The upper house of the National Congress of Brazil – the Federal Senate – reportedly approved the bill that could serve as a regulatory framework for the local cryptocurrency industry. The legislation needs to receive a green light from the Chamber of Deputies before becoming live. Senate Said ‘Yes’ The largest nation in South America is gradually moving towards establishing rules on its digital asset ecosystem. A local report reads that the Senate passed a bill to set up a...

The Central African Republic (CAR) has officially become the world’s second country to adopt Bitcoin as legal tender, announced the President’s office on Wednesday. As with El Salvador, the International Monetary Fund (IMF) has heavily criticized the decision. Another Nation Onboards the Bitcoin Standard The news was confirmed by French news agency AFP, following uncertain rumors about legal tender adoption from a standout Forbes report on Saturday. The initial report...

Yesterday, much like the stock markets, cryptocurrencies had rough times. Ethereum lost about 9% of its value, and the bears pushed the price toward the support at $2,800. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, Ethereum entered a correction phase after failing to break the barrier of Fibonacci Retracement at 0.618. It is currently forming a bullish pattern with the formation of higher highs and lows. However, the main question is whether the...