Crypto news

HSBC, Nationwide Building Society, and other banking heavyweights in the UK are reportedly implementing a new set of restricting rules aimed at purchasing cryptocurrency. The move comes amid a chaotic year for the crypto industry, which witnessed the failure of several industry giants. Same Old Song According to a Bloomberg coverage, the biggest banking institution in the United Kingdom – HSBC – banned clients from buying cryptocurrencies via their credit cards, citing...

BitMEX co-founder Arthur Hayes published an essay on Thursday outlining “realistic potential situations” that could make oil prices boom, and make Bitcoin’s price skyrocket as a result.  The former CEO argued that such a scenario could spur central banks across the world – including the Federal Reserve – to return to a market-friendly loose monetary policy. Oil and the Money Printer In his blog post titled “Curve Ball,” Hayes described three possible futures that could lead...

This week was a complete rollercoaster in terms of price action as the majority of cryptocurrencies found themselves stuck in a chopping range before the ultimate leg down. Bitcoin was trading at around $23,300 this time last week, and a couple of days later, it attempted the first push toward $24K. it was unsuccessful, and at around the end of the week, BTC found itself below $23K. However, this dip was immediately bought up, and the price tapped $24K on Wednesday. The bulls...

Ethereum’s price has been rejected from a significant resistance level following the turmoil surrounding Silvergate. However, there are still multiple support levels available to hold the price for now. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been struggling to break above the $1800 level. The higher boundary of the large symmetrical triangle pattern and a bearish rejection has led to the breakdown of the 50-day moving average...

Billionaire investor Tim Draper recently took a trip to Sri Lanka to promote bitcoin to the nation’s central bank only to be kicked out unceremoniously. Tim Draper Tries to Bring BTC to Sri Lanka While he wasn’t kicked out in a literal sense, regulators of Sri Lanka didn’t welcome Draper with open arms and commented that the use of crypto or bitcoin would never occur within the nation’s borders. Draper initially sought to push bitcoin as a financial tool that could not...

Ripple’s price has been declining over the last few weeks, with two significant moving average lines broken to the downside. The price could drop deeper in the coming days, as things are not looking good from a technical analysis aspect. Technical Analysis By: Edris XRP/USDT Daily Chart Looking at the USDT chart, the price has been rejected from the significant $0.43 area and has broken both the 50-day and 200-day moving average lines to the downside, which are both located...

Some reports have started running rampant following a tweet that CryptoPotato created earlier today. More specifically, the tweet in question is this: RE: @binance – Voyager deal This is what a US Judge responded to an SEC attorney who failed to provide specific arguments: “Deliberative is one thing, but what have you done? If there are reasons to be concerned here, I need to hear specifics.” @cz_binance pic.twitter.com/fzMRzmtyu2 — CryptoPotato Official (@Crypto_Potato)...

[PRESS RELEASE – Berlin, March 3 – 2023] The Fold12 project has just announced the release of its Bitcoin blockchain NFT collection, which runs on the Ordinals protocol; meanwhile, Yuga Labs, the company behind the Bored Ape Yacht Club, after being caught stealing their logo, BAYC decided to borrow the idea of an existing NFT collection from the fold12 project. Fold12 launched its first auction on the Bitcoin blockchain and via the Ordinals protocol this week: the...

Does a cryptocurrency fall into the haram or halal category? This is a question many Islamic followers have been trying to figure out as they’re intrigued by crypto, yet they’re worried if it will somehow go against their religious beliefs. Which Assets are Halal? In regions such as Saudi Arabia, cryptocurrency is constantly undergoing tests to see if it is Sharia compliant. Many believe it to be no different than gambling, which goes against Islamic law. There are also...

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