Tag Archives: News

It looks like all these different countries are taking a page out of what has become the infamous China crypto book. The European Union (EU) is all set to vote on whether to ban bitcoin and cryptocurrency mining given its alleged impacts on the planet. The ban would come through drafted legislation known as the Markets in Crypto Assets (MICA) framework. The EU Will Vote On a Potential Crypto Ban At the risk of sounding preachy, this is getting rather old. How many more...

No matter how bad the price gets, Elon Musk – the famed South African billionaire behind companies such as Tesla and SpaceX – says he will not sell his digital currency. Elon Musk Loves His Bitcoins The price of bitcoin has experienced some rather rough fluctuations throughout the first few months of 2022. The currency had hit a new all-time high in November of last year, exploding all the way to $68,000 per unit. Unfortunately, while everyone thought for sure that the...

Akin Adebowale and Ousman Sahko have unveiled BTX, a new crypto and non-fungible token (NFT) marketplace designed to assist black artists. The project was revealed at this year’s SXSW festival along with a new cryptocurrency called Blackrose (BRS) that will serve as the platform’s official asset. BTX Is Ready for Launch Both Adebowale and Sahko stated in an interview that they are truly excited about the developments being made in the crypto space given that digital...

A Canadian government employee thought to be involved in a series of crypto-related ransomware attacks has been extradited to the United States to face judgement. Sebastien Vachon-Desjardins – who worked as an IT consultant for Public Works and Government Services in Canada – is believed to have carried out attacks that led to approximately $28 billion in bitcoin being paid out by targeted individuals and enterprises throughout the Americas. Vachon-Desjardins Will Face...

The city of Austin, Texas is working hard to rebrand itself as one of the biggest bitcoin and crypto hubs in the United States. The region is now creating several initiatives slated to attract a wide array of bitcoin, blockchain, and digital currency enterprises. Austin, TX Is Working on Several Crypto Initiatives The mayor of Austin Steve Adler has drafted two individual resolutions that will establish a lasting crypto sector in the city. The division will work on...

The Financial Conduct Authority (FCA) – the monetary watchdog of the United Kingdom – has issued a statement condemning all bitcoin and crypto ATMs as illegal. The organization is now ordering all crypto ATMs operating in the country to be shut down immediately. The FCA Isn’t a Fan of Crypto ATMs The FCA has long been a crypto hater, claiming that the industry is not regulated and thus presents too many risks to investors. It has worked hard to ensure that the industry...

Crypto platform Okcoin is joining hands with the Stacks Foundation and the Stacks Accelerator to create what it’s calling the Bitcoin Odyssey, which will see $165 million put towards bitcoin adoption. Bitcoin Odyssey Will Push for the Adoption of Crypto Bitcoin is still very much in a “speculative” state. While there are several people out there that view the currency as a tool for getting rich and building wealth, many individuals and companies alike are nervous about...

Last week, Joe Biden issued a crypto-related executive order. It was allegedly designed to ensure agencies in the U.S. could study the effects and risks associated with digital currencies and begin implementing needed regulation. The order also potentially opened the door to a national digital currency for the U.S. For the most part, traders and analysts seemed to like the fact that the order was giving crypto regulation its start, but for men like Kevin O’Leary of...

According to a new report issued by the Better Business Bureau (BBB), scams involving crypto are now the second most prominent and risky. The BBB Publishes Crypto Scam Report In the year 2020, crypto scams were still relatively thin. While they occurred on a regular basis, they only placed seventh on the BBB list. However, in 2020, crypto scams moved into second place, suggesting that they now occur much more often than anyone could have anticipated. While crypto scams...

Bitcoin cash price started a fresh decline from the $320 resistance against the US Dollar. The price is now trading near the $300 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $290 support in the near term. Bitcoin cash price is struggling below $320 against the US...