Crypto news

Dozens of clients of the Hong Kong-based cryptocurrency exchange Coinsuper reportedly complained they can not retrieve funds from the platform. At least seven of them have contacted the police regarding the issue. Frozen Funds on Coinsuper According to a January 7 Bloomberg coverage, the problem has occurred in late November. Five of the trading venue’s customers explained to the media that they are unable to withdraw a total of $55,000 (an amount consisting of both digital...

The European nation of Kosovo has banned all bitcoin and crypto mining as a means of saving electricity. The country is currently facing one of the worst energy crises it’s ever experienced, and it’s allegedly due to production outages. Kosovo Becomes the Next Country to Ban BTC Mining Artane Rizvanolli – the economy and energy minister – explained in a statement: All law enforcement agencies will stop the production of this activity in cooperation with other relevant...

Matt Hougan – the CIO of Bitwise Asset Management – has stated in an interview that the U.S. government is likely seeing bitcoin as a threat to the dollar, which may be why they’re so eager to regulate it and get in the way of its potential success. Matt Hougan On BTC: It’s Not Going Anywhere However, Hougan was quick to say that the U.S. has no choice but to “play along” when it comes to bitcoin, and that the currency’s size and scope really gives them no choice. The...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

STREAM announced updates regarding the burning of STRM coins. With how well things are going for STREAM, it is no surprise to hear that it has already sold out in pre-sale. A few days ago, CEO Michael Ein Chaybeh announced video updates regarding STREAM’s progress. Here, he gracefully thanked all the investors and community members for their overwhelming support for STREAM. He said that he was thankful for their belief in the team behind STREAM and for driving the entire...

The San Francisco-headquartered non-profit organization – Mozilla Foundation – which supports the development of the Firefox browser, announced accepting donations in Dogecoin (DOGE) using BitPay. While the wider community didn’t react well, the harshes critic was none other than one of its co-founders. Mozilla Co-founder is Not a Crypto Fan In a fierce Twitter thread, Jamie Zawinsk, aka JWZ, blasted the browser maker for accepting “planet incinerating cryptocurrency...

Per a new survey conducted by Cantaloupe, more than a third of users between the ages of 18 and 54 own cryptocurrency. However, this isn’t the big clincher. The good news is that approximately 67 percent of those taking part in the study said that they are willing and able to use their digital currency for purchases if their money is linked to a mobile wallet. Another 19 percent said they would consider using crypto for payments if they could do so through a mobile...

While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a follow-up to an even larger purchase from a day earlier, when he bought 456 Bitcoin for an average of $46,363 each. Bitcoin’s price plunged below $43k on...

The cryptocurrency industry saw a tremendous surge in terms of institutional adoption in 2021. Experts suggest that this trend is likely to continue this year as well. But whether it’s a tidal wave or a trickle will depend on how the industry evolves in terms of technology that offers secure storage and protects user funds. Institutions Fear Security Risks The cryptocurrency market has been notoriously volatile – a common critique levied against the industry since the very...