Crypto news

Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to result in higher revenue generation itself. Worthington asserted, “We see the staking revenue opportunity bigger...

Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves.  The USDT issuer said it plans to release its attestation reports every month, replacing the previous quarterly reporting arrangement.  Tether Hires Major European Auditor Founded in 1965, BDO Italia is an Italian financing advisory and accounting auditing firm, the world’s fifth largest public accounting...

Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol.  If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated...

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...

Bored Ape Yacht Club saw a considerable increase in its overall sales volume and the number of traders for the past 24 hours. This happens as Bored Ape #5383 was sold for 777 ETH, worth some $1.45 million at the time of this writing. Bored Ape Yacht Club is arguably the most popular collection of non-fungible tokens and surely the one with the highest floor price. At the time of writing this article, the floor price sits at 72 ETH. Data from DappRadar shows that over the past...

Sustainable bitcoin mining and energy company Clean Spark, Inc. has announced a new acquisition that has garnered the firm an additional 1,061 Whatsminer machines ready to extract new BTC units from the blockchain. Clean Spark Is Building Its Mining Capabilities The machines are located at a mining plant hosted by Coin Mint. They will give Clean Spark an additional 93 peta-hashes per second of computing power, thus boosting the firm’s abilities tenfold. Zach Bradford –...

Ripple has been experiencing a sideways trend below the stiff resistance for nearly three weeks and has remained range-bound between 0.36$ and $0.39 for the largest part. Technical Analysis By Grizzly The Weekly Chart: It appears that neither side is able to take assert convincing dominance in the market for XRP. The bulls need to flip the horizontal resistance at $0.39 (in red) to start a rally. The intersection of this resistance with the descending line (in yellow) has...

Ethereum sent to the ETH 2.0 staking contract continues to gradually increase, despite the asset’s price movements. This comes just a month or so before the Merge is supposed to take place, according to the development team. As data from Dune Analytics shows, the number of ETH sent to the staking contract has exceeded 13.2 million, while the unique depositors are just under 80,000. The graph below demonstrates the gradual increase of ETH locked in the staking contract and...

Bitcoin’s relief rally from the $20K area seems to be coming to an end, as the $24K resistance level is rejecting the price once again. The 100-day moving average also acts as a resistance near the same level. Technical Analysis By Edris The Daily Chart: The 50-day moving average, which is currently located around the $22K level, could provide some support and initiate a rally above the $24K resistance level. In this case, a rapid rise towards the $30K supply zone would be...

[PRESS RELEASE – Please Read Disclaimer] Finblox, a popular Hong Kong-based crypto earnings platform – recently announced the launch of their “FinSwap” and “Pool Party” products, marking an ambitious expansion from their “FinEarn” product which allowed users to buy and earn passive crypto rewards. FinSwap helps eliminate the problem of cross-platform fees, as most crypto swaps are required to be conducted on a decentralized exchange (DEX) before being transferred over to a...