Crypto news

CoinspeakerPhilippines Plans to Launch CBDC by 2026, but There’s One Catch The Philippines might be setting out on its CBDC journey a bit differently from many others. Philippines Plans to Launch CBDC by 2026, but There’s One Catch

CoinspeakerBitMEX Co-founder Arthur Hayes Now Bullish on Bitcoin for 2024, Says BTC Price Can Hit $70K Bitcoin has seen a lot of positive projections for 2024, partially because of the spot ETF approval. BitMEX Co-founder Arthur Hayes Now Bullish on Bitcoin for 2024, Says BTC Price Can Hit $70K

CoinspeakerNew Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency New Zealand’s central bank governor told the parliamentary Finance and Expenditure Committee that stablecoins are not a substitute for fiat money and are not as stable as purported. New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency

CoinspeakerERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees ERC-404 market slumps amidst reported impact on Ethereum gas prices. ERC-404 Market Drops amidst Backlash for Driving Ethereum Gas Fees

Stellar lumen price is attempting a recovery wave from the $0.1065 zone against the US Dollar. XLM price is now trading above $0.1100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1080 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1130 resistance zone. Stellar lumen price is trading above $0.1100 against the US Dollar,...

Ripple price started a downside correction from the $0.5350 zone against the US dollar. The price is now trading above $0.5150 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5160 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.5150. Ripple price is consolidating near $0.5220 against the US Dollar, like Bitcoin. XRP...

The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions. According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five times the stolen amount. Depending on the weight of the offense, individuals who make illegal profits of more than five billion won ($3.8 million)...

CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic reach. Bitcoin Mining Facility Acquisitions In a recent press release, CleanSpark revealed its agreements to...

On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark had a big flow day on Friday. “Bitwise’s BITB on price appreciation alone is around $830 million right now,” he said before adding, “They’re probably relatively close...

On Tuesday, the Solana network experienced five hours of unusability. Validators, crucial components of Solana’s infrastructure responsible for processing and validating blockchain transactions, restarted the network before 10 am Eastern Time. Solana Labs attributed the recent five-hour blockchain downtime on February 6 to a bug that made transactions enter an infinite loop.  The Post-Mortem According to a post-mortem report released by Anza co-founder Jeff Washington, a bug...