Crypto news

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Bittimaatti, a subsidiary of Finnish cryptocurrency service provider Coinmotion, has opened the world’s northernmost cryptocurrency ATM inside Poronportti, near the skiing center Levi in Kittilä, Finland. With its Bittimaatti machines, bitcoin and other cryptocurrencies can be converted into cash. It’s also possible to buy crypto with the machines. 200km north of the Arctic Circle, Kittilä and the surrounding area have become a very popular holiday destination, especially in the winter,...

Tron price started a fresh increase above the $0.062 level against the US Dollar. TRX price is now trading above $0.064 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0640 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0675 resistance zone. TRON price started a fresh increase above $0.062 against the US Dollar, similar bitcoin. TRX price could rise further if...

Bitcoin price started a fresh decline from the $24,200 zone against the US Dollar. The price is now trading below $23,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $22,300 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $22,300 and $22,800 resistance levels. Bitcoin price is declining below $23,000 against the US Dollar. BTC...

Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally.  Major monetary institutions, including Credit Suisse, Deutsche Bank, and Arab Bank Switzerland, led the financing. Facing Towards Other Continents Taurus disclosed it will use the funds from the Series B fundraiser to hire more engineers who could develop its platform, offer additional security to...

Lee Reiners, policy director at the Duke Financial Economics Center, recommended that banking agenices restrict the crypto industry from accessing the banking system while testifying to the Senate Banking Committee on Tuesday.  The professor claimed that crypto has produced nothing of benefit during the 14 years since Bitcoin’s whitepaper was published.  What to Do About Crypto The hearing, titled “Crypto Crash,” explored why crypto needs tighter regulation and safeguards to...

The United States Securities and Exchange Commission (SEC) plans to propose new rules that would toughen the requirements for cryptocurrency firms to become qualified custodians for institutional fund managers. Although the draft proposal will be submitted on Wednesday, the affected area remains unclear, Bloomberg reported, citing people familiar with the matter. Crypto Firms to Face Scrutiny as Qualified Custodians According to the report, the SEC intends to submit a draft...