Crypto news

According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030.Square Invests $10 MillionAs a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which intends to fund companies that drive adoption and research into the use of green energy for Bitcoin mining operations.Bitcoin is often criticized for...

Facebook’s new Libra cryptocurrency project has had a hard time getting off the ground, and considering it’s still getting a lot of raised eyebrows and distrusting looks from international financial leaders, it looks like things are set to remain somewhat difficult for the asset to roll out.Libra May Encounter Opposition in GermanyRecently, Libra was jabbed at by German Finance Minister Olaf Scholz, who says he’s not entirely comfortable with the authorization of Libra use in Europe. While...

Alexander Vinnik – a Russian man accused of laundering bitcoin funds and for allegedly taking part in multi-million dollar cryptocurrency fraud – has been sentenced to five years in a Paris prison and is also being ordered to pay more than $120,000 in penalties.Vinnik Ordered to Prison; Will Also Pay FinesThe case involving Vinnik goes back several years. After working at the now defunct cryptocurrency exchange BTC-e, Vinnik was accused of developing a new kind of cryptocurrency malware known...

XRP/USD – XRP Remains Inside Consolidation PatternKey Support Levels: $0.556, $0.5, $0.45.Key Resistance Levels: $0.648, $0.68, $0.70.XRP has been trapped inside a symmetrical triangle since the last week of November. The coin bounced from the support at the lower boundary of the weekend but has since struggled to break the resistance at the upper boundary.The coin is quickly approaching the apex of the triangle where we can expect a breakout in either direction. This could happen over the...

Michael Saylor became one of the most popular bitcoin bulls in the past several months after the company he founded over three decades ago allocated millions of dollars in BTC. He also disclosed buying nearly 18,000 bitcoins personally. In a recent live stream with Binance’s Changpeng Zhao (CZ), he revealed why he decided to allocate such a considerable amount in the primary cryptocurrency.During the Binance-initiated live stream, Saylor said that the events that transpired in March 2020 were...

Japanese financial giant SBI Group and Switzerland’s principal stock exchange, SIX Swiss Exchange, will team up for a new cryptocurrency-related platform to establish institutional connections between Europe and Asia.The New Platform Will Launch In SingaporeAs per an official announcement, the digital asset-related arms of both companies – SIX Digital Exchange (SDX) and SBI Digital Asset Holdings – will cooperate to establish the new project. It will target regulated institutional clients...

One of the world’s largest electronics manufacturers, Foxconn Technology Group (better known as Foxconn), has become the latest ransomware attack victim. A hacker’s group had reportedly compromised data from the company’s North American facility during the Thanksgiving weekend and has requested over 1,800 bitcoins as demand.DopplePaymer Ransomware Attack On FoxconnEstablished in 1974, Foxconn has become one of the largest electronics manufacturers in the world, whose subsidiaries include...

ADA price is struggling to clear the $0.1600 and $0.1740 resistance levels against the US Dollar.The price is now trading below the $0.1600 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.1580 on the 4-hours chart (data feed via Kraken).The price could decline sharply below $0.1450 as long as it is below $0.1600.Cardano price is showing a few bearish signs below $0.1600 against the US Dollar, unlike bitcoin. ADA price...

[PRESS RELEASE – Please See Disclaimer]On December 2020 – Bexplus officially announces the birth of the Bitcoin interest-bearing wallet system, which can generate interest when traders are not trading. The Bexplus interest wallet offers an annual interest rate as high as 30% for the stored assets.At the same time, a 100% deposit bonus is also launched to welcome all the new users of cryptocurrency.Bexplus is an advanced bitcoin-based cryptocurrency exchange offering 100x leverage crypto...

Despite briefly dipping beneath $19,000 after another rejection, bitcoin has reclaimed that coveted level and currently trades above it. Most alternative coins have lost some steam since yesterday and have charted minor losses.Bitcoin Stopped At $19,400The primary cryptocurrency had a mostly calm weekend following the highly volatile week. Bitcoin displayed stagnation around the $19,000 mark with a few unsuccessful attempts to break above $19,400.In the past 24 hours, BTC tried to break above...