Crypto news

A legislator from Rhode Island wants to introduce a new green digital currency that will help with the state’s ongoing issues surrounding the climate and homelessness. The currency is being introduced by representative Carlos E. Tobon, a democrat from Pawtucket. Rhode Island Moves Forward with Green Crypto Plans The plan would be that the United Nations or some other government agency would provide property owners with green units if they built homes that rely on...

After the Central African Republic (CAR) announced adopting Bitcoin as legal tender and legalized the use of cryptocurrencies last month, the International Monetary Fund (IMF) warned that such a move might cause financial instability in the country. The criticism came on the heels of the organization expressing hawkish opinions on multiple occasions against El Salvador’s adoption of Bitcoin and president Nayib Bukele’s ambitious plan to introduce Bitcoin-backed bonds. The...

Argentina has long been marred by a battered economy and corrupt politicians. Many remember a time in the early 90s when these politicians froze everybody’s bank accounts overnight, and many people saw the quick evaporation of their savings. Argentina Works to Obtain BTC Jeronimo Ferrer doesn’t want anything like that happening again – not to him or any member of his family or community. As a result, he’s been running a walking tour he calls “Our Local Crazy Economy and...

Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting (FOMC). It fell to $36,520 – the cryptocurrency’s lowest price since Russia invaded Ukraine.  At FOMC on Wednesday, Federal Reserve Chairman Jerome Powell announced the first 0.5% interest rate hike since May of 2000. He set future expectations for further 50 basis point hikes later this year.  However, he also claimed that 75 basis point...

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...