Markets

Visa’s crypto head dismissed an earlier report from Reuters about the company halting crypto-related launches as inaccurate. Instead, he said Visa will continue to partner with more cryptocurrency firms that can facilitate stablecoin payments, despite the ongoing bear market. Visa Exec Refutes Reuters Report In a tweet thread on Tuesday (Feb. 28, 2023), Cuy Sheffield, head of crypto at Visa, responded to an earlier Reuters report concerning the company, stating that the...

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Tron price started a fresh increase from the $0.066 level against the US Dollar. TRX price is now trading above $0.068 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0680 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.070 resistance zone. TRON price started a fresh increase above $0.068 against the US Dollar, similar bitcoin. TRX price could rise further if it...

Bitcoin price started a fresh decline below the $24,000 zone against the US Dollar. The price is now trading below $24,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $23,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $24,000 resistance zone. Bitcoin price is recovering from $23,000 against the US Dollar. BTC might eye...

Today, Web3 Foundation, whose flagship project is the Polkadot blockchain protocol, announces the appointment of Thomas Fecker Boxler as Chief Financial Officer (CFO) and member of the Executive Management Team with effect from 1 March 2023. Thomas joins the Web3 Foundation at a critical juncture, as it focuses on providing support for cutting-edge applications for decentralized web software protocols, many of whom are impacted by the current market conditions. Thomas brings with him a wealth...

The venture capital firm focused on cryptocurrencies – Digital Currency Group (DCG) – reportedly marked a loss of $1.1 billion last year.  Some of the primary reasons for the downfall were the collapse of the crypto market and the bankruptcy of its subsidiary – Genesis. DCG – a crypto conglomerate shuttered by scandals and the bear market – disclosed in a report (seen by CoinDesk) that the turbulent 2022 resulted in a $1.1 billion loss for the company. It pointed out Genesis’...

America’s largest cryptocurrency exchange is pulling out all the stops to ensure U.S. policymakers get things right with how they treat the crypto industry. The company has announced Crypto435 – a grassroots initiative to expand pro-crypto advocacy to citizens across all 435 Congressional Districts. Coinbase’s Advocacy Mission As tweeted by Coinbase on Tuesday, the initiative presents an opportunity for lovers of crypto and web 3 to make their opinions known in DC. Coinbase...