Crypto news

This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21. Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21. Bom Trabalho! (That’s Portuguese for “Good work!”) Employing some deft parliamentary maneuvering, Abreu advanced the bill through Brazil’s...

Besides generating a lively discussion among Twitter users across the globe, Elon Musk’s bid to acquire the social media platform for $43 billion in cash has also galvanized the blockchain’s billionaire club. In the latest, Ethereum co-founder Vitalik Buterin has made his mind public on the issue. In a tweet on Saturday, he said he doesn’t oppose Elon Musk running Twitter, but he doesn’t quite approve of wealthy people or organizations taking over social media firms through...

One of the leading Spanish airline companies – Air Europa – partnered with the blockchain entity TravelX to introduce the world’s first series of non-fungible token (NFT) airline tickets. Users who buy such collectibles will board a special flight between Madrid and Miami on November 29, 2022. NFTs Up in the Air The feature, dubbed NFTickets, will be available for purchase on TravelX’s platform. The first auction was on April 11, as the process will repeat every two weeks....

The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits. Bitcoin Stands Still at $40K It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000. Somewhat...

Staking on Beacon Chain has been booming due to the much-awaited Ethereum Merge despite delays. A major chunk of new stakers on the consensus layer have done so using Lido Finance. In the latest blog post, the project revealed that 75% of new stakers on the Beacon chain who joined in the last 30 days had utilized the staking protocol. Centralization Concerns With the Ethereum Merge approaching, staking on the Beacon Chain has intensified as expected. According to Lido, the...

Zaimella – a global firm that produces personal care products like diapers for babies and children – is announcing a new crypto initiative that will provide customers with ten percent off its products if they are willing to pay in bitcoin. Zaimella Will Provide Discounts to Crypto Users CEO of Zaimella USA Humberto Sanchez explained in an interview: Zaimella was founded on the belief that quality personal care products should be accessible to everyone. Inspired by...

According to a study conducted by the digital asset exchange aggregator – Coincub – Germany is the most crypto-friendly country for Q1,2022. The previous leader – Singapore – holds the second position, while the USA took third place. Germany Emerges as a Crypto Hub Coincub noted that the ranking of the top digital asset-welcoming nations has changed over the past several months. “Germany’s acceptance of cryptocurrency and groundbreaking decision to allow crypto investments...

Block Stream, Block, and Tesla are all teaming up to mine bitcoin using solar energy in Texas. Texas Continues to Grow Its Mining Space Solar and storage technology is being provided by Tesla. In an interview, Adam Back – the CEO and co-founder of Block Stream – explained that the company is going to be a massive experiment in that it will be one of the first crypto mining firms to be fully powered by renewable energy. He says: People like to debate about the different...

El Zonte in El Salvador is known as “Bitcoin Beach.” It’s a relatively small location in a country that very few people could point out on a map. However, it’s doing a lot for the world’s number one digital currency by market cap in that it’s allowing the asset’s name to grow and enter mainstream status. El Zonte Is Becoming One with Bitcoin Many businesses in El Zonte – which has become a tourist town – accept BTC as a method of payment. It was one of the first regions...

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB went through a massive spike once the news of it being listed on Robinhood broke out. Despite the 35% surge, the cryptocurrency quickly returned under the key resistance at $0.000028, failing to convert this news into a sustained rally. The support at $0.000023 continues to hold since March. Chart by TradingViewTechnical Indicators Trading Volume: The volume exploded last Tuesday as the news broke out but...