Crypto news

The US government sent another set of stimulus checks to its citizens following the most recent relief bill signed by President Joe Biden. Interestingly, two surveys asking people how they plan to utilize the funds indicated that about 10% will be allocated in cryptocurrencies.10% of Americans to Put Stimulus in Crypto?Earlier this month, the 46th President of the United States signed the latest relief bill, which indicated that US citizens will receive $1,400 stimulus checks. Last Friday,...

Every now and then, the cryptocurrency community is taken ablaze by a new project that does the rounds.Now, it seems that Bitclout is where all the rage is – a new type of social network, the intention of which is to enable users to speculate on people and posts with real money.Let’s have a closer look at what Bitclout is and why it is so popular right now.What is the Bitclout Network?Bitclout is a new decentralized protocol that brings forwards a social network, enabling users to speculate...

While Morgan Stanley and JPMorgan have taken a more pro-BTC approach, another giant US financial institution, Bank of America, has issued a report bashing the asset. In it, researchers called bitcoin impractical, exceptionally volatile, and questioned its store of value status.BoA Slams BitcoinCited by the Financial Times, the Bank of America’s report on bitcoin took a stab at several attributes, including its highly volatile nature. The researchers claimed that this “exceptional volatility”...

[PRESS RELEASE – Please Read Disclaimer]Pumpy finance announced the launch of a low-fee Yield Aggregator with Limited Supply on the Binance Smart Chain. The new project seeks to solve major Ethereum based project issues by lowering fees, thus the amount needed to earn rewards.The protocol will be charging a 0.2 to 0.5 percent fee to cover gas costs for their dynamically optimized auto-compounding. Withdrawal is completely fee, Vault Fee (PMP Buyback & Burn) is 1.5% and Entrance Fee is...

EOS is gaining pace from the $3.680 support base against the US Dollar. The price is currently trading above the $4.000 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3.900 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $4.250 and $4.500 resistance levels. EOS price is showing positive signs above $4.000 against the US Dollar, similar...

Litecoin price is recovering from the $190 support zone against the US Dollar. LTC price is now trading above the $200 level and testing the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $200 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear the $210 resistance to start a strong increase in the near term. Litecoin price is consolidating above $195 and $200 against the US Dollar, while...

The Texas securities regulator has issued an emergency cease and desist order against a fraudulent cryptocurrency investment platform. Interestingly, the project’s latest initiatives included impersonating the world’s leading crypto exchange – Binance.Crypto Scam Impersonating Binance Halted in TexasAccording to the statement, Securities Commissioner Travis J. Iles issued the cease-and-desist order against the alleged scam that he described as an “illegal so-called get-rich-quick scheme...

Bitcoin recently rose as high as $61,000 per unit, thereby reaching a new all-time high. However, it looks like this sudden surge wasn’t designed to last, as the currency dropped over the weekend to a “measly” $56,000, about $5,000 less than where it stood just a few days ago. Bitcoin Has Incurred a Serious Dip What could have possibly contributed to this drop? This is a question, naturally, that’s making its way through the heads of many analysts and industry experts...

[PRESS RELEASE – Please Read Disclaimer]The HYVE ERC-20 token will be listed on Binance Smart Chain (BSC) as a HYVE BEP-20 token. The HYVE token can be changed cross-chain, from Ethereum to BSC.“Not only are we launching the bridge to allow people to freely change their tokens, we are also listing HYVE on PancakeSwap and providing initial liquidity as promised. Considering the recent increase in volume on PancakeSwap due to the ETH gas problems, we believe this will allow our users to have a...

According to a new survey, the latest round of $1,400 stimulus checks being doled out to Americans making less than $75,000 per year could be utilized in some cases to purchase bitcoin and crypto. A New Survey Is Saying Stimulus Checks Will Be Used to Buy Bitcoin For the most part, we have seen this before. The first round of stimulus checks – Swhich were worth around $1,200 each for the specified people – were initially handed out in April and May of last year. Not long...