Tag Archives: News

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet. Elizabeth Warren Doesn’t Like Bitcoin Mining Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of...

Stellar lumen price started a strong decline from the $0.4300 resistance against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.3200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.3200 and $0.3100 support levels. Stellar lumen price is gaining bearish momentum below $0.3200 against the...

Ripple price started a strong decline from the $1.40 resistance against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.05 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could resume its decline as long as there is no close above the $1.20 resistance zone. Ripple price is showing bearish signs below $1.20 against the US Dollar,...

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate. Ukraine Says “Yes” to Crypto The Parliament of Ukraine voted unanimously to not only permit bitcoin...

One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to a new study, the implementation of bitcoin in the Central American country could wind up costing Western Union about $400 million each year. El Salvador Could See Its Remittance System Change for the Better Jaimie Garcia, a Salvadorian who fled to Canada at the age of 11, has been living abroad for some time...

Just a few days ago, bitcoin – the world’s number one digital currency by market cap – experienced a nasty price drop that saw it fall from about $52,000 per unit to roughly $45,000 per unit. The currency is experiencing a slow period of recovery at this time given that it has only jumped back above $46K, and according to Mike Novogratz – a hedge fund manager and crypto investor – the bitcoin plunge was the result of traders simply getting too excited about what was...

El Zonte is known as “Bitcoin Beach.” Located in El Salvador, the town has developed a reputation as being one of the leading digital currency regions out there. The city worked to make bitcoin legal tender long before El Salvador ever decided that the currency would be utilized throughout the nation. El Zonte Is Helping El Salvador Push BTC Forward El Zonte has come to the aid of Nayib Bukele, the president of El Salvador, and is pushing the bitcoin agenda and ensuring...

Golden State Warriors guard Stephen Curry has joined forces with football legend Tom Brady to push the agenda of the new cryptocurrency exchange known as FTX. Both men are now serving as ambassadors to the company and will engage in a long-term relationship with the crypto platform. Stephen Curry Becomes a Crypto Ambassador In a statement, Curry explained: I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for...

The Securities and Exchange Commission (SEC) has issued Coinbase – one of the biggest and most popular digital currency exchanges in the world – with a Wells notice, meaning it plans to sue to the trading platform in court. Coinbase Is Under Legal Threat According to the letter, the SEC has taken issue with the company’s new Lend program, which allows crypto owners to lend out their cryptocurrency and earn interest on their assets. Several states have apparently said...

Robert Kiyosaki – the author of the bestselling book “Rich Dad, Poor Dad” – has said in a recent tweet that he is hoarding bitcoin, gold, and silver in anticipation of a major market crash that he predicts could come as early as the end of the year. Robert Kiyosaki On Why He’s Hoarding BTC Kiyosaki has established himself as a major financial guru over the past few years given his growing list of books which began with the “Rich Dad, Poor Dad” franchise. The first book...