Crypto news

The former BitMEX CEO explained to his readers why 2022 will be a big year for Ethereum. He considers that the network – after the transition to proof-of-stake consensus – will function as a commodity-linked bond. In contrast, the former CEO called BTC “pure money” that intrinsically “yields nothing.” Hayes sees Ethereum as an investment better than not only bitcoin but other L1 protocols, which are mostly overvalued. Plus, the transition scheduled to occur in the summer of...

INTERNET CITY, DUBAI, Apr. 2, 2022 – LBank Exchange, a global digital asset trading platform, will list UncleMine (UM) on April 5, 2022. For all users of LBank Exchange, the UM/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on April 5, 2022. In a typical cryptocurrency ecosystem, many mining assets (hereinafter MA), cannot be decentrally verified and are difficult to integrate into the mainstream DeFi ecosystem. Ordinary investors cannot...

The crypto market has proven time and again that anyone who invests at the right time could become a millionaire with relatively small capital. Aside from Bitcoin, which has gained over 5 billion percent in value since it started trading in July 2010, many other cryptocurrencies have turned average traders into millionaires within a few months. One factor that reflects the upward momentum of digital assets is increased “hype” around a trend, and there are a lot of them in the...

INTERNET CITY, DUBAI, Apr. 1, 2022 – LBank Exchange, a global digital asset trading platform, will list Hunter Crypto Coin (HCC) on April 3, 2022. For all users of LBank Exchange, the HCC/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on April 3, 2022. The emergence of cryptocurrency has been bringing many new investment opportunities to the world. As one of the new promising cryptocurrencies in the market, Hunter Crypto Coin (HCC) provides...

Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120. Terra’s Latest ATH Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today. Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500...

On March 28, the Enforcement Directorate (ED) arrested a person, Abdul Gafoor, one of the accused in the Morris Coin fraud case that erupted on the India crypto scene in January 2022 and still remains one of the largest such frauds in the country. ED is the economic intelligence wing of the Ministry of Finance, and it tracks high-value economic crimes. It took over the case in 2021 after several previous ones were registered against Morris Coin and its kingpin Nishad K.  ...

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...

After surging 60% from the bottom of the marked descending channel during the second half of March, Cardano has now reached a critical resistance level at the top of the channel. The bulls are trying to break out of it, however, they have so far failed in closing a daily candle above it. Unlike BTC and ETH, which are struggling at the daily MA-200 line, ADA has not yet managed to touch it. The important moving average currently lies around $1.5. Technical analysis by Grizzly...

Chris Larsen – angel investor and co-founder of Ripple – is funding an environmental campaign to change Bitcoin’s code. Using his funds, a consortium of environmental groups will run ads across major newspapers to convince miners, software developers, and others to drop the network’s ‘proof of work’ consensus mechanism. Explaining Proof of Work To be clear, the environmental ‘lobby’ seeks not to end Bitcoin itself, but to see it shift toward a less energy-intensive security...

Popular cryptocurrency exchange Bybit is moving its business to the United Arab Emirates (UAE), and its headquarters will be situated in the nation’s capital of Dubai. Bybit Has Its Sights Set on the UAE Bybit provides a wide array of crypto and blockchain-related services and tools for customers to enjoy. The company says it is fully committed to the regulatory efforts of the UAE, and that it will obey all laws implemented by state officials. Bybit is also creating an...