Crypto news

The past week went over the flag of war taking place in Europe following Russia’s invasion of Ukraine. All eyes were on the conflict while global markets and cryptocurrencies were as volatile as ever. Let’s start with Bitcoin. Last week this time, things were looking relatively calm for Bitcoin despite the ongoing war between Russia and Ukraine. At that time, major economic forces such as the EU and the US hadn’t yet enforced any serious sanctions as most of them were still...

Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operations Limited, the tech company behind the largest stablecoin by market capitalization, USDT. Tether and the City of Lugano plan to work toward the shared goal of scaling the city’s blockchain capabilities and transforming Lugano into a major hub for European DLT adoption. Plan ₿...

The US food chain giant Shake Shack is reportedly offering its customers BTC as a reward for spending money at their burger chain using Cash App. Shake Shack is an American fast-casual restaurant that’s based in New York City. It has locations in multiple countries and over 6,000 employees. According to a recent report on The Wall Street Journal, the chain has teamed up with Block Inc’s Cash App to offer Bitcoin as a reward for purchases that are made at their burger chain....

[PRESS RELEASE – Brno, Czechia, 1st March 2022] Tatum, a blockchain development platform backed by Octopus Ventures, has introduced a first-of-its-kind feature for creating NFTs. Called “NFT Express,” the feature allows users to mint NFTs without having to use cryptocurrencies to pay for blockchain transaction fees or deploy smart contracts. This opens doors for enterprises worldwide, eliminating the substantial overhead costs, complexity, and security issues associated with...

Bitcoin cash price started a fresh decline from the $344 resistance against the US Dollar. The price is now trading below the $310 zone and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $315 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $300 support in the near term. Bitcoin cash price is struggling below $310 against the...

The Department of Financial Services (DFS) will use blockchain analytics technology to build strengthen the enforcement of the sanctions against Russia. Specifically, the effort will be to detect if Russian individuals try to bypass the imposed penalties. Blockchain Technology to Help Monitor Sanction Enforcement The Department of Financial Services oversees numerous key programs and initiatives concerning the monetary sector. As a result of the growing conflict in Ukraine,...

The Barcelona Athletics Club – otherwise known as Barca or Barcelona FC – is looking to establish its own cryptocurrency so it has a fighting chance against foreign investors and corporate clubs. Barca Is Headed for the Crypto Space President Joan Laporta explained at the Mobile World Congress that he is also looking to launch a new string of non-fungible tokens (NFTs) to bolster the club’s presence in the crypto industry. While Barca has turned down several...

An established player in Metaverse, The Sandbox, is betting big on the technology and is all set to expand business in the metaverse with Cube Entertainment. The partnership aims to promote K-culture content globally via operating virtual space and developing digital assets. The Sandbox-Cube Partnership According to the official blog post, the joint initiative will concentrate on the “detailed collaboration for business expansion” with respect to the metaverse and NFTs. It...

Nigel Green – CEO of deVere Group – believes the Russia-Ukraine conflict could be the catalyst that propels a surge for BTC’s price. The exec suggested that bitcoin reaching $50,000 by the end of March is not out of the question. BTC to Gain Traction Because of the War Despite the Russian invasion of Ukraine and the peace uncertainty across Europe, bitcoin’s price started climbing recently. The asset’s USD value is up by more than 15% over the last five days, as many argue...

Despite heavy calls from environmentalists to end the practice, it doesn’t look like crypto mining is leaving us anytime soon. In fact, it appears that the space is going to get even bigger in the coming years. Crypto Mining Continues to Expand There is a widespread desire for digital assets, and as this desire grows, miners are being asked to place more units into circulation. Thus, crypto mining is still very much in style, and so long as people continue to demand...