Crypto news

After consecutive months of exceptionally high transaction fees, the costs on the Ethereum and Bitcoin blockchain networks have dropped to multi-month lows. This came after the latest massive price crash and recovery attempts. Bitcoin and Ethereum Fees Calm The Ethereum network became synonymous with high fees following the substantial boost in popularity of decentralized finance, non-fungible tokens, and other operations running on top of it. As previously reported, the...

Brad Garlinghouse – the CEO of Ripple – is rather frustrated with how crypto regulation is dealt with in the United States, and he is upset by how unclear the rules tend to be. Ripple CEO Discusses Lack of Regulatory Clarity Ripple has been under fire for the past few months due to a lawsuit initiated by the Securities and Exchange Commission (SEC). The company garnered billions through a token sale of XRP – the official cryptocurrency of Ripple – that the SEC says was...

Cryptocurrency developments in Europe are emerging left and right as four issuers received approvals to list exchange-traded products on different exchanges, including in Paris and Amsterdam for the first time. Additionally, Germany’s regulated exchange for crypto assets released a mobile trading app for Android and iOS users. Four Issuers Launched Crypto ETPs in Europe With CoinShares leading the way with exchange-traded products tracking the performance of Bitcoin,...

[PRESS RELEASE – Midtown, Gibraltar, 1st June 2021] Panther Protocol is proud to announce the successful completion of its private sale to the tune of $8 million from over 140 investors. This emphasizes the need for privacy solutions in the DeFi industry. Panther Protocol is an interoperable privacy solution focused on the needs of decentralized finance traders and investors. Due to the immutable and transparent nature of public blockchains, DeFi users are subject to...

Bitcoin is down by a sharp 3% over the past 24 hours. The cryptocurrency bounced from $31,185 (downside 1.618 Fib Extension) last week but failed to overcome resistance at $40,765 (bearish .382 Fib & 200-day MA). From there, BTC headed lower into the weekend but sustained support at $34,760 after spiking as low as $33,520. The daily chart looks pretty choppy, but the short-term 4-hour chart provides a clear symmetrical triangle pattern forming. Yesterday, BTC bounced from...

BitMEX announced a $100,000 grant for the Korean-based Bitcoin scaling researcher – Calvin Kim. Furthermore, the crypto derivatives exchange informed about an additional $50,000 donation from its partner – the Human Rights Foundation. BitMEX’s $150K Renewal In a recent statement, the popular Bitcoin derivatives trading venue BitMEX announced it had renewed Calvin Kim’s developer grant until June 2022, supporting him with an additional $100,000. In August 2020, the exchange...

BNB/USD – BNB Makes Attempt At Symmetrical Triangle Upper Boundary Key Support Levels: $320, $305, $280.Key Resistance Levels: $360, $388, $400. BNB is currently trading inside a short-term symmetrical triangle pattern. It had rebounded from support at $255 during the capitulation week and pushed higher to meet resistance at $388 (bearish .382 Fib) last week. From there, it headed lower throughout the rest of last week and eventually found support at $305 (.786 Fib). This...

While explaining the potential impact of decentralized autonomous organizations on legacy businesses, billionaire investor Mark Cuban, who recently joined the cryptocurrency space, ironically denied referring to Cardano’s blockchain. No, Not Cardano, Says Cuban Mark Cuban used to be among the many critiques of the cryptocurrency industry in the past. However, as it happened with quite a few of them, he changed his mind recently and has become a vocal proponent of blockchain...

2Local is an eco-conscious fintech company from the Netherlands. The company is getting more recognition in the crypto/blockchain space as 2local continues to reach new milestones on its roadmap again and again to deliver what has been promised. Many milestones have already been reached. The last one was attained on the 11th of April when the 2local demo DeFi crypto exchange went live. On the 1st of June, 2local will deliver another promise – the 2local native coin 2LC...

Bitcoin has become too big of an asset to escape regulatory frameworks, argued the governor of Sweden’s central bank – Stefan Ingves. At the same time, the nation’s finance minister confirmed that the country is already looking into implementing tighter rules around cryptocurrency exchanges. BTC: Too Big Not to Be Regulated During a recent speech cited by Bloomberg, Riksbank Governor Stefan Ingves joined the trend of central bankers commenting on bitcoin amid its recent...