Ethereum found support on Tuesday, following a drop to a three-week low earlier in today’s session. This comes as the price of bitcoin also consolidated, following recent bearish pressure. Bitcoin The selloff in BTC momentarily eased on Tuesday, as global markets continued to closely monitor the Russia/Ukraine situation. BTC/USD dropped to a low of $36,488.93…
Read more
The crypto fallout from Canada’s so-called “truckers’ protest” is continuing to make its presence felt – with a financial regulator reporting the heads of the American crypto exchange giants Kraken and Coinbase to the Royal Canadian Mounted Police, the Canadian national police force, over their Twitter activity…. Read More: Canadian Regulator Reports Coinbase, Kraken…
Read more
Timothy McKimmy, the US man who says he had lost his non-fungible token (NFT) due to an issue related to OpenSea’s user interface (UI) design, has filed a lawsuit against the NFT marketplace, alleging that the platform was aware of the issue but did not “timely put adequate safety measures in place.”… Read More:…
Read more
DCash, a central bank digital currency (CBDC) commissioned by the Eastern Caribbean Central Bank (ECCB), has remained offline for more than a month as technical issues continue to impact the platform, triggering growing concern among its users. “The DCash platform remains unavailable, resulting in the temporary inability of all users to conduct transactions,” the…
Read more
Meta’s Facebook has filed legal documents in rejection of an action brought by the Australian billionaire Andrew “Twiggy” Forrest, the nation’s richest man. The latter claims the social media platform should be held liable for “reputation-damaging” crypto scam ads that made use of images of him…. Read More: Facebook Faces Legal Fight with Australian…
Read more
Bitcoin price gained bearish momentum below the USD 38,000 level. BTC even tested the USD 36,500 level. It is currently (11:30 UTC) consolidating losses and might recover to USD 38,500. Similarly, most major altcoins are consolidating losses. ETH tested the key USD 2,500 support, where the bulls emerged. XRP spiked to USD 0.665 before correcting…
Read more
Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021. El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product but also for the local tourism development. According to El Salvador’s tourism minister Morena Valdez, the…
Read more
BitPanda said Trustology acquisition would be the first step towards launching its prime brokerage service BitPanda pro. BitPanda, a Vienna-based crypto exchange platform, has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider, for an undisclosed amount. BitPanda will rebrand the newly acquired fintech firm to…
Read more
DeFi may eliminate the middleman, but this was often at the expense of costly transactions and reduced functionality. The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs)…
Read more
The Jam-DEX is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem!” The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Jamaica announced on Twitter…
Read more
