Crypto news

The President of Brazil – Luiz Inácio Lula da Silva, simply known as Lula – assigned the country’s central bank to supervise the local cryptocurrency sector. The legislation that comes into force on June 20 will give the financial institution jurisdiction to determine which firms can operate in the local market.  The bank will also cooperate with Brazil’s Securities and Exchange Commission (the Comissão de Valores Mobiliários, or CVM) to oversee coins deemed as securities. ...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coinbase Borrow – the official lending protocol of Coinbase, one of America’s largest and most popular digital currency trading platforms – has ceased all operations. Coinbase Borrow Closes Its Doors Permanently The end for Coinbase Borrow arrived on May 10. This was the last day on which customers could take...

The potential issuance of fiat currency in digital form has garnered global attention, with various jurisdictions exploring the concept. The EU, the US, and the UK are among those actively considering the implementation of a CBDC.  A leaked draft of the proposed Digital Euro Bill, set to be proposed by the European Commission on June 28, reveals several significant provisions that aim to shape the future of the Central Bank Digital Currency (CBDC). The draft bill, seen by CoinDesk,...

Ethereum’s price has experienced a decline in recent days after being unable to surpass the $2,000 level. However, it is currently testing an important support level, and its response to it is expected to have a significant impact on performance in the coming months. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, Ethereum’s price has faced rejection from the 50-day moving average at approximately $1,850 and has subsequently declined below $1,800. The...

This week, we take a closer look at the worst performing altcoins with a market cap of over $1 billion: Lido, Cardano, Aptos, Solana, and Polygon. Lido (LDO) | -24.8% LDO is the worst performer on our list this week after falling by almost 25%. Buyers failed to sustain the uptrend and with the support at $2 lost, the price was quick to crash. At the time of this post, the most significant support level is found at $1.4 and the resistance is at $1.8. Considering the market...

[PRESS RELEASE – Please Read Disclaimer] Paris gathers Ethereum’s thought leaders following the recent successful execution of the Shanghai Upgrade and the upcoming danksharding upgrade in the fall that will boost Ethereum’s scalability. PARIS, France – July 2023 – EthCC (Ethereum Community Conference), the largest annual European Ethereum conference created for the community, by the community, will return for EthCC[6] from 17-20 July 2023 in Paris, France, and bring together...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin endured a small dip in early May after it was revealed the drama surrounding First Republic Bank reached a new peak. Right now, the sentiment is that the bank could be the final monetary institution that crashes and burns following a long streak of banks that did the same. The streak includes names like...

ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms.  Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Fed recently made the decision to hike rates again, but the situation appears to be quite different according to various bitcoin and crypto analysts. The Fed and Bitcoin: Working Off Each Other? This is the tenth hike instituted by the Fed over the past year or so, and many believe this could be the last...

Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to the Fed, the inflation rate appears to be decreasing, and it wants to see whether previous rate increases were sufficient to slow price increases. However, it was...