Crypto news

Ethereum’s price has been performing incredibly well for the past couple of weeks. Over the past 14 days, ETH is up more than 42% and more than 60% over the past month. This is not only true for its dollar value – ether is doing remarkably well trading against bitcoin. In fact, at the time of this writing, ETH’s dominance sits at 16.9%, whereas BTC’s dominance stands at 44.3% – the lowest it has been in almost three years. In other words, Bitcoin’s total market cap is...

Large American banking organizations are rushing into the cryptocurrency industry, according to recent reports. Goldman Sachs, a former Bitcoin critique, has enabled its institutional clients to trade BTC derivatives, while Citigroup is looking into releasing crypto-related services amid growing demand. Goldman Clients Trade BTC Derivatives Out of the largest US-based banking institutions, Goldman has perhaps the most controversial history with the crypto space. The entity...

A Californian court required Kraken to provide information on users who executed crypto deals for the equivalent of $20,000 or more between 2016 and 2020 to the IRS. The order comes amid growing concerns of strict cryptocurrency regulations coming for the United States. ‘John Doe Summons’ for Kraken A federal court in the northern part of California gave the IRS permission to obtain information about crypto transactions completed by Kraken’s users. Following the so-called...

Stellar was first released more than six years ago, and it is now widely regarded as one of the safest, most cost-effective, and fastest payment solutions available on the market. It was developed by the Stellar Development Foundation, and due to its significant strengths, it was quickly adopted by various companies. And now, 1xBit joins that list, allowing its users to bet and play casino games on their website using Stellar. What makes Stellar so good? The first major...

Bitcoin cash price started a fresh surged above the $1,000 barrier against the US Dollar. The price is now trading well above the $1.200 support level and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct lower, but dips are likely to remain well bid near the $1,200 level. Bitcoin cash price rallied over 30% and it broke the...

Auction house Sotheby’s – which offers bidding wars on some of the finest art, jewelry and wine available today – has announced that it will accept bitcoin and ether bids on an upcoming auction of “Love Is in the Air,” a piece by popular artist and bitcoin advocate Banksy. Sotheby’s Ready for Crypto Bidding This will be the first time that a largescale auction house is willing to accept crypto payments for art items up for bid, though the winner is also able to pay with...

The Norwegian Minister of Climate and Environment – Sveinung Rotevatn – revealed he owns Bitcoin. According to him, the digital asset is a ”well-suited store of value.” The minister of one of the most renewable energy-focused governments also spoke about the relation between BTC and the environmental challenges. Bitcoin is Exciting Many experts and officials commented on the crypto bull run and especially Bitcoin’s notable performance in the past months. The Minister of...

Someone has a serious attitude against the Bank of England. Either that or they just hate banks in general and happen to live in England. Thus, they are taking their anger out on the nearest centralized financial institution. This week saw the Bank of England repeatedly hit with laser messages that bashed traditional monetary systems while praising bitcoin. The Bank of England Served as a BTC Billboard Some of the messages read, “Fiat is the bubble, and bitcoin is the...

The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based on the proof of stake algorithm or any of its varieties. As such, they receive the right to vote and participate in the governance of the network and get rewards in new...

Popular bidding and auction website eBay has announced that it is “open” to the idea of utilizing bitcoin payments in the future. This does not mean that eBay has said yes right away. Rather, it is only considering the prospects of crypto payments for goods and services and will ultimately decide down the line. eBay Says It Is “Open” to BTC Payments Either way, considering how large eBay really is, this is a massive step forward, and bitcoin and its altcoin cousins are...