Crypto news

Ethereum price started a fresh increase from the $2,800 zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a crucial rising channel forming with support near $2,820 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $3,200 resistance. Ethereum price is showing positive signs above $2,800 against the US Dollar. ETH/USD might rally...

Sam Bankman-Fried’s cryptocurrency exchange, FTX, announced that it will give away free Bitcoin to its fans as part of an advertising campaign during Super Bowl LVI on February 13. The campaign is part of an effort by FTX to gain a more significant brand presence in the more mainstream audience of sports fans – especially considering that the Super Bowl is the most watched sports event in the United States. The Right Time Sam Bankman-Fried is an expert in aggressive and...

The financial services company – Mitsubishi UFJ Trust – hopes to enhance its transaction system by utilizing blockchain technology for trading and a cryptocurrency for payments. As such, it will create a stablecoin tied to the value of the Japanese yen, claimed a new report. Mitsubishi’s Stablecoin According to a recent report by Nikkei Asia, Mitsubishi UFJ Trust – a Tokyo-headquartered bank with over $1.5 trillion in assets under management – is seeking to enter the world of...

Venture capital firm Sequoia Capital led a financing round for the Ethereum layer 2 scaling solution Polygon, becoming the latest Silicon Valley company to invest in the Web3 space. According to CNBC on Monday (February 7, 2022), Polygon recently raised $450 million, with Sequoia Capital leading the investment. Other companies involved in the fundraising round include Softbank, Alameda Research, Tiger Global, and Galaxy Digital. Prominent individuals such as Reddit co-founder...

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...

The United Nations (UN) accused North Korea of stealing cryptocurrencies worth millions of dollars. Moreover, the report added that the totalitarian Asian state employed the stolen assets to fund missile and nuclear experiments. Crypto Fuels Weapon Trials According to a recent UN report cited by Reuters, North Korean hackers have carried out numerous attacks against at least three cryptocurrency exchanges between 2020 and mid-2021. The bad actors stole around $50 million...

There are many companies out there showing a more open-minded attitude towards crypto. They are purchasing the digital asset in spades and adding it to their balance sheets. They are also potentially interested in accepting it as a form of payment. According to Jerry Klein – managing director of the investment firm Treasury Partners in New York – it’s a big mistake when firms open their hearts to BTC and other forms of crypto. Jerry Klein Doesn’t Think Companies Should...

The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside the purchase, in order to maintain net-zero emissions on the relevant purchases. Bitcoin and Ethereum are often criticized...

Canine-themed tokens’ rally as Shiba Inu (SHIB) led the recovery on Monday. Amidst a renewed bullish momentum in the market, SHIB rose by more than 24%. Several other altcoins also posted decent surges as well, while Bitcoin (BTC) settled for a modest 3% over the past day. Top 100 SHIB Holders According to the latest stats compiled by WhaleStats, the top 100 SHIB holders control more than a quarter of the total supply of the memecoin. Several cryptocurrency whales have...

Fidelity – an investment platform – has called bitcoin a “superior” form of money, and it doesn’t think any other form of crypto is likely to surpass it. Fidelity Thinks Bitcoin Is the Strongest Crypto It’s unclear if Fidelity is a crypto fan or not, though it seems to recognize all the headway the currency has made in recent years. Not long ago, the company announced that many more countries are likely to follow in the footsteps of El Salvador, which was the first nation in the world to...