Crypto news

Cambodia is another country that is heavily reliant on the U.S. dollar. Tired of its dependence on USD, the country has launched a centralized, bank-issued cryptocurrency, hoping that people will begin to utilize it for payment purposes, and thus far, the results have been rather positive. Cambodia Has Unveiled an Official CBDC As it turns out, El Salvador – which has been in the news quite a bit as of late – is not the only country out there that depends heavily on USD...

Jessica Angel, a Colombian artist, has been at the forefront of creating the largest blockchain-based augmented reality art installation in Vancouver, Canada. Called Voxel Bridge, it was supported by the Kusama Network and installed by Spheroid Universe. Kusama Helps in Creating Blockchain-Based AR Experience According to a press release shared with CryptoPotato, the under side of the south end of Vancouver’s Cambie Bridge has become the hub for innovative public art forums....

According to a recent press release, the popular cryptocurrency exchange, Poloniex, has agreed to pay a fine upwards of $10 million to the United States Securities and Exchange Commission. The release reads that the company has agreed to pay the fine for operating an unregistered digital asset exchange. According to the order of the SEC, from July 2017 to November 2019, when Poloniex sold out the platform, it was operating a web-based trading platform that wasn’t registered,...

In light of recent regulatory scrutiny on the entire industry from global watchdogs, digital asset exchanges have attempted to enhance their efforts in order to comply with emerging legislation. The latest to outline its strategy is FTX, as the company’s CEO explained. FTX’s KYC/AML Endeavors The cryptocurrency space saw massive growth in the past year or so, and somewhat expectedly, its highly unregulated nature caught the attention of global watchdogs. Centralized digital...

ETH/USD – Ether Turns Parabolic Above Price Channel. Key Support Levels: $3000, $2890, $2800.Key Resistance Levels: $3150, $3200, $3350. Ethereum has been climbing aggressively ever since rebounding from the June support at $1710 in the final half of July. Since then, ETH surged by a total of around 80% to reach the current $3110 level. Throughout the majority of this surge, ETH was trading inside an ascending price channel. It broke toward the upside over the weekend as it...

Stellar lumen price started a decent increase above the $0.2800 resistance against the US Dollar. XLM price is now trading near $0.2800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2760 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase as long as it is above the $0.2700 support zone. Stellar lumen price is showing positive signs above $0.2700 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7500 against the US dollar. The price is now trading well above the $0.7500 resistance and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.7500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $0.7000 support zone. Ripple price is trading in a positive zone above $0.7500 against the...

Revolut steigt ins Reise- und Urlaubsgeschäft ein Die Challenger-Bank Revolut expandiert weiter und bereichert mit dem neuen Feature „Stays“ das Portfolio des FinTech auf den Bereichen Urlaub und Reisen. Revolut will zur neuen Super-App werden und nicht nur als Finanzdienstleister agieren, sondern auch als Reise- und Buchungsplattform erfolgreich werden. Diese Nachricht löste in der Reise- und Tourismusbranche nicht gerade Jubel aus, da...

The Securities and Exchange Commission has targeted the Cayman Island-based Blockchain Credit Partners (BCP), along with Gregory Keough and Derek Acree, for selling unregistered securities from February 2020 to February 2021. $30 Million Trough Token Sales According to a recent press release, the executives allegedly used smart contracts to sell two types of tokens that the SEC considered securities. More precisely, those were mTokens, which could be bought with “specific...

Fidelity Investments Inc. is now a major stakeholder in Marathon Digital Holdings, one of the biggest bitcoin mining firms in North America. Fidelity Investments Buys More Than 7% of Marathon At the time of writing, Fidelity has purchased a 7.4 percent stake in the crypto mining enterprise, thereby boosting the institutional presence that has grown so prevalent in the crypto world over the past few months. Since the end of last year, many institutional figures from...