Crypto news

U.S. President Joe Biden nominated Ajay Banga to be the new leader of the World Bank – an executive who’s been critical of the crypto industry in the past.  Banga is expected to take over David Malpass as president by May.  The New World Bank President As detailed in a White House statement on Thursday, Banga is currently the Vice Chairman of growth equity firm General Atlantic and was formerly the President and CEO of Mastercard.  “Ajay is uniquely equipped to lead the World...

The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed.  The magistrates dropped a similar indictment against the defendants in December last year. Urging for a Dismissal Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges, alleging that...

Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher-than-expected figure means the Federal Reserve’s war against rising inflation will likely continue.  Bitcoin started at roughly $24,000 on Friday, staying above $23,800 until about 13:30 UST – when January’s PCE figure was released.  The asset tumbled after that, falling as low...

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Dogecoin has jumped by more than eight percent in recent weeks after it was announced that new Twitter CEO Elon Musk was considering the altcoin as a potential payment tool for users of the social media platform. Elon Musk Is Still Appreciative of Dogecoin To say that Elon Musk is a fan of Dogecoin would be an understatement. He has often been very kind to it, often calling it the “people’s crypto” and designating it as a method of payment for his many other companies,...

Bitcoin incurred a bit of a fall at the end of January after it was revealed that the Federal Reserve was going to potentially enforce another small rate hike. Everyone was on edge after the ongoing debacle that was 2022, and it was believed that the digital currency arena was going to be hit hard by the Fed’s actions, thus causing more turmoil. The Federal Reserve May Hike Rates Again At the time, bitcoin fell from about $23,000 – which it had struck just weeks before –...

Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of the primary cryptocurrency. The Lightning Network is a layer-2 protocol layered on the Bitcoin protocol, used to process micropayments among participating nodes to facilitate faster transactions. BlueWallet is one of the most popular Bitcoin Lightning-enabled wallets on the...

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