Crypto news

The cryptocurrency trading platform Bybit became the Principal Team Partner of Oracle Red Bull Racing. The agreement is worth $50 million per annum over three years, bringing the total to $150 million. Bybit Joins The Formula 1 World According to a document seen by CryptoPotato, the Singapore-based digital asset exchange Bybit shook hands with Red Bull’s Formula 1 team. As a result, the company will serve as the Principal Team Partner of the racing squad. It will also aid Red...

Nearly $10 billion were stolen in DeFi scams and thefts only in 2021, representing an 81% rise compared to 2020, and rugpulls accounted for over 35% of all crypto scam revenue. This is according to a recent report by Elliptic. And while there are many types of scams that take place regularly within the cryptocurrency community, rugpulls are arguably the most infamous. So, What is a Rugpull in Crypto? A rugpull — from the phrase to pull the rug from underneath someone —...

INTERNET CITY, DUBAI, Feb. 16, 2022 – LBank Exchange, a global digital asset trading platform, has listed ART ONLINE (ARTF) on February 16, 2022. For all users of LBank Exchange, the ARTF/USDT trading pair is now officially available for trading. The world has been changing dramatically since digitalization became a new trend, and with the power of blockchain technology, Non-Fungible Token (NFT) has emerged, making art digitalization greater and easier than ever....

INTERNET CITY, DUBAI, Feb. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed Morie INU (MORIE) on February 15, 2022. For all users of LBank Exchange, the MORIE/USDT trading pair is now officially available for trading. Meme has become an important part of human culture in today’s world, especially drawing widespread attention in crypto space. As the first MaaS (meme as a service) token, Morie INU (MORIE) is here to create a new meta that...

Tron price started a decent increase above the $0.0620 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0650 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0622 support zone. TRON price started a fresh increase above $0.0650 against the US Dollar, similar to bitcoin. TRX price could rally...

Bitcoin price started a fresh increase above the $42,000 zone against the US Dollar. The price is now trading above $42,000 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $42,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is now facing a major resistance near $45,000 and might correct lower. Bitcoin price gained pace above $42,000 against the US Dollar. BTC even spiked...

BlockFi recently agreed to pay $100 million in a settlement after the U.S. Securities Exchange Commission (SEC) charged the firm with “failing to register the offers and sales of its retail crypto lending product.” The news that kept the space abuzz was broken by an SEC document, followed by a dissent note from Commissioner Hester M. Peirce – both put out on the SEC website. The Genesis of Trouble for BlockFi BlockFi has been offering interest-bearing accounts for crypto...

A tax law that was implemented in 2017 as a means of helping poor communities is allegedly being taken advantage of by crypto miners and investors. Crypto Investors Are Using a Tax Law to Their Advantage The law in question allowed certain individuals and companies to either delay or reduce their capital gains taxes when they sell a stock or crypto unit if they take the money they earned and invest it in what are known as opportunity zones, which are neighborhoods that...

The leading cryptocurrency trading venue appointed Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (SEC). Another Veteran on Board Coinbase continues to expand its management unit by hiring the financer Scott Bauguess as Vice President for global regulatory policy. As such, he will coordinate the exchange’s interaction with watchdogs. Bauguess has experience with regulators...

A top official at India’s central bank recently reiterated warnings to Prime Minister Modi’s government about the risks cryptocurrencies pose to the country’s financial system. This time, he compared digital assets to “Ponzi schemes”, mirroring some investors’ long-held criticisms of the asset class. Crypto Is A Ponzi, Says RBI Governor T. Rabi Sankar of the Reserve Bank of India (RBI) offered his criticisms during a banking conference speech on Monday. As reported by...