Crypto news

A group of US lawmakers introduced this Monday the “E-CASH” Act, a bill directed to the US Treasury Department to encourage the entity to develop a digital version of the dollar. E-Cash Is not CBDC, but a Complement to it Democratic Representative Stephen Lynch is the principal sponsor of the ECASH Act, a legislative proposal passed to the House of Representatives. As per the bill, the US Treasury Department was selected as the “most appropriate” government entity to develop...

Larry Fink, the CEO of BlackRock – one of the biggest financial and investing platforms in the world – has dropped hints that he will potentially support bitcoin and cryptocurrencies in the coming future. Larry Fink Goes from Crypto Hate to Crypto Interest This is big news considering Fink has often spoken ill of digital assets in the past. At the time of writing, BlackRock oversees the management of approximately $10 trillion in assorted monies and assets, and it’s...

Vietnam is another step closer to a comprehensive regulatory framework on how cryptocurrencies and virtual assets should be treated in the country. Vietnam to Prepare Crypto Regulatory Framework According to a Monday report, Vietnamese Deputy Prime Minister Le Minh Khai has instructed the different government bodies in the country on the creation of a framework that would regulate digital assets and their activities. The agencies selected to partake in the project include the...

The economy in Russia isn’t doing too well. Not long ago, the ruble – the national currency of Russia – experienced a massive drop that saw many people turning to crypto as a means of keeping their wealth stable and steady during this ongoing time of economic strife. In addition, it was suggested that crypto was likely going to be a tool in Russia for avoiding U.S. sanctions. Russia Seeks to Trade Oil for Crypto Thus, it looks like digital assets have become prime...

After almost three months of consolidation, Bitcoin’s price finally broke out of the $33 – $46K range. The Daily Timeframe Technical Analysis By: Edris The price has broken above the $46K resistance zone following a parabolic move and is currently testing the 200-day moving average line (MA) amid $48K. This moving average is a significant trend indicator and if the price breaks above it, the trend would be considered bullish again. The next key resistance lies at the $52K...

As crypto markets reignite this week, the infamous memecoin Shiba Inu is also seeing some newfound price action. However, a look at the token’s holder count wouldn’t exactly suggest a revival of consumer interest. According to data from CoinMarketCap, the number of on-chain addresses holding SHIB has declined by over 60,000 within the last two weeks. Specifically, there were 1,199,453 token holders on March 16th, as opposed to 1,135,593 as of March 28th. This downward trend...

Ronin – an EVM blockchain for play-to-earn games – recently fell victim to one of the largest hacks in the history of crypto. A whopping 173,600 ETH was drained from Ronin bridge within the last week, alongside another 25.5M USDC. According to a community alert issued by Ronin, the hack occurred due to Ronin validator nodes and Axie DAO validator nodes being compromised. This led to hacked private keys being used to forge two fake network withdrawals (1 and 2) that absorbed...

It looks like Bitcoin City – a project set to come to fruition in El Salvador – is encountering a few problems. While it’s unclear if plans for the city are on hold, many officials believe that President Nayib Bukele will not be able to fulfill his promises. Bitcoin City Is Garnering Mixed Reactions Bitcoin City was announced some time ago as part of the country’s ongoing bitcoin initiative, which ultimately began in September of 2021. Thus, it can be said that bitcoin...

As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities. New Listings on LBank Exchange Scheduled this week starting on 28th March. For a more complete list please follow our twitter...

INTERNET CITY, DUBAI, Mar. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Mapt. Coin (XMP) on March 31, 2022. For all users of LBank Exchange, the XMP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 31, 2022. Backed by physical assets, Mapt. ODL is a digital asset operator providing renewable energy. With its large property portfolio sitting as an income generating portfolio that stabilizes the company,...