Sommelier partners with Mysten Labs to launch Cosmos smart contracts NewMysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects.
Ethereum's spot setup looks grim, but derivatives data tells a different story NewEther price is stuck in a rut, but derivatives data shows pro traders are bullish even with ETH below $3,000.
Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer NewEfforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption.
SEC chair compares stablecoins to casino poker chips New"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler.
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks NewThe government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.
Fear & Greed Index suggests Bitcoin's price is undervalued NewThe technical analysis tool is popular amongst crypto traders hopeful of securing an insight in the markets psyche.
Ethereum 'head & shoulders' chart pattern puts ETH price at risk of dropping to $2K NewThe bearish setup positions Ethereum price to extend the decline toward $2,000.
Poland Confirms Arrest of Former Wex Exchange Executive in Warsaw NewReports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan. Prosecutor’s Office Confirms Vasiliev Is in Custody in Poland Dmitry Vasiliev, who…
PureVPN Can Help Crypto Users Stay Secure and Access International Exchanges NewCrypto users access their wallets and exchanges day in and day out and making sure it remains secure is one of their top concerns. While most of these apps have great security features like multi-factor authentication and biometrics, what happens to your data while it travels through the network is still an area of concern.…
New Crypto Aims to Solve ‘Zimbabwe’s Money Problems Using Blockchain Technology’ NewThe Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts — as well as opponents of the fiat currency system in general — have routinely pointed to the Zimdollar’s collapse when arguing for an alternative monetary…
Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed NewAccording to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a…
Pnetwork Protocol Gets Hacked, Loses 277 Bitcoin on Binance Smart Chain NewPnetwork, a multi-chain bridging protocol, announced it was hacked yesterday, losing 277 pbtc (its bridged version of bitcoin) on Binance Smart Chain. The protocol acknowledged that an attacker managed to exploit a bug in its codebase to take control of the stolen bitcoin. The bridging contracts are currently working as usual but with extra security…
Biggest Bank in Venezuela Suffers 5 Day Outage After Hack Attempt NewThe Bank of Venezuela, one of the biggest state banks in the country, is now experiencing an outage that has left its customers without services for five days. The bank published a PR statement stating this was the result of a “terrorist attack” on the national financial system, being perpetrated in the form of a…
Fed’s Powell Scrutinized for Owning Bonds of the Same Type the Central Bank Bought During Pandemic NewAs a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic.
All Eyes Are On Jerome Powell’s Municipal Bond Portfolio
Three…
PayPal Gets “Conditional” BitLicense, Will Work with Paxos TrustNew York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier. PayPal Is Asserting Itself in New York It has been announced that PayPal has been given what’s...…
PayPal Aims to Buy Bit Go, a California-Based Crypto ExchangeNow that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go. PayPal Has Its Sights Set on Bit Go...…
The Amount of BTC Grayscale Manages Just Got A Lot BiggerBitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single...…
Cardano (ADA) Price Analysis: Holding Support, But Facing Major HurdlesADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar. The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken). The price...…
Ethereum Price Analysis: ETH Holding Important Support at $380Ethereum price started a downside correction from the $421 swing high against the US Dollar. ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours). There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase). The pair is...…
Novogratz: BTC Is for Storing Value, Not for PaymentsMike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used...…
Is PayPal Bitcoin’s Best Hope Right Now?There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal...…
Binance suspends futures, options trading in Australia amidst regulatory troubles NewIn its latest attempt to be more regulatory compliant, Binance has announced that it would not be able to offer its users in Australia access to futures and options trading. The post Binance suspends futures, options trading in Australia amidst regulatory troubles appeared first on CryptoSlate.
Bitcoin (BTC) mining hashrate rises twice in the last 90 days NewFollowing a series of upward move in its activities spanning over 90 days, Bitcoin hashrate is moving forward again as it has recorded a 128 percent increase within this period. The post Bitcoin (BTC) mining hashrate rises twice in the last 90 days appeared first on CryptoSlate.
Paybis: Regulated exchange for trading and liquidity services NewThe proliferation of new platforms may appear to make transacting digital assets easy, however, many are plagued with a lack of liquidity, low downtime, regulatory challenges, and other porous security inadequacies. The post Paybis: Regulated exchange for trading and liquidity services appeared first on CryptoSlate.
Coinbase cancels lending product due to SEC threat NewBrian Armstrong-led crypto exchange, Coinbase, has abandoned its proposed plans to launch a crypto lending product, which the United Securities and Exchange Commission (SEC) has argued is a violation of its securities law. The post Coinbase cancels lending product due to SEC threat appeared first on CryptoSlate.
Terra’s Anchor protocol hits $4 billion in TVL 6 months after launch NewJust six months after its launch, Terra‘s Anchor protocol surpassed $4 billion in total value locked (TVL). The post Terra’s Anchor protocol hits $4 billion in TVL 6 months after launch appeared first on CryptoSlate.
Cardano (ADA) boss gives his take on NFTs and why money launderers flock to them NewRecent weeks have seen a renaissance in NFTs as trade volumes surge, and high-profile sales continue with no sign of letting up. The post Cardano (ADA) boss gives his take on NFTs and why money launderers flock to them appeared first on CryptoSlate.
Where now for Dogecoin as the Shiba Inu-inspired token continues to slide? NewDogecoin slips to the tenth spot on CoinMarketCap, having been leapfrogged by USDC today. The post Where now for Dogecoin as the Shiba Inu-inspired token continues to slide? appeared first on CryptoSlate.
Did Bitcoin Really Experience A Flash Crash Down To $5,400? NewBitcoin has been plagued by numerous dips that have left the price of the asset at one-month lows. Monday was brutal for the cryptocurrency as the close of the weekend drew in with its low momentum in the market. This, in turn, led to the market experiencing a downtrend. Most notable was the price of…
All About Quannabu, the Cryptocurrency Built for the Cannabis Industry NewIn 2019, merchant processor Fortress Payment Technologies announced that it would no longer be able to accept Visa payments for cannabidiol (CBD) related products. The announcement only gave merchants eight hours’ notice of the change, this is just one example of the many financial hurdles that the cannabis industry has faced when trying to process…
Jax.Network Unveils Blockchain Co-Inventor, Dr. W. Stornetta on Its Advisory Team NewAs the race for the foremost blockchain solution heats, more crypto projects continue to throw their hats into the ring. The efforts of some blockchain projects cannot be overemphasized. Bitcoin’s influence on the market has facilitated the unparalleled exponential growth that the crypto industry has enjoyed over the last decade. This growth is despite the…
Interview with Adriaan Brink FUNToken CEO On The Future Of Online gaming NewCryptocurrencies and blockchain technology have continued their rapid expansion throughout 2021. These assets and their underlying technology seem to have countless use cases and applications for the benefit of its users. Online gaming has benefited from the rise of this new asset class. Funtoken.io, an online gaming platform leveraging the power of blockchain technology to…
TA: Ethereum Breaking This Confluence Resistance Could Spark a Recovery NewEthereum started a major decline below the $3,200 support zone against the US Dollar. ETH price traded as low as $2,807 and it is now attempting a recovery wave. Ethereum started a fresh decline below the $3,300 and $3,200 support levels. The price is now trading below $3,200 and the 100 hourly simple moving average.…
TA: Bitcoin Dives To $40K, Why Recovery Could Be Capped NewBitcoin price settled below $46,000 and declined heavily against the US Dollar. BTC even traded close to $40,000 before starting an upside correction. Bitcoin is down over 10% and it broke the $45,000 and $43,000 support levels. The price is now trading below $43,000 and the 100 hourly simple moving average. There is a major…
Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation NewIs President Erdogan so out of touch with what’s happening around him that he declared war against Bitcoin? Or is this a case of “lost in translation” and quotes out of context? An article titled “We are in a war against bitcoin,” says Turkey’s president” has been making the rounds over at Bitcoin-Twitter, receiving both…
- Sommelier partners with Mysten Labs to launch Cosmos smart contractsMysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects.
- Ethereum's spot setup looks grim, but derivatives data tells a different storyEther price is stuck in a rut, but derivatives data shows pro traders are bullish even with ETH below $3,000.
- Smart contracts are coming to Bitcoin through Dfinity’s Internet ComputerEfforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption.
- SEC chair compares stablecoins to casino poker chips"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler.
- Did Bitcoin Really Experience A Flash Crash Down To $5,400?Bitcoin has been plagued by numerous dips that have left the price of the asset at one-month lows. Monday was brutal for the cryptocurrency as the close of the weekend drew in with its low momentum in the market. This, in turn, led to the market experiencing a downtrend. Most notable was the price of…
- US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacksThe government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.
- Fear & Greed Index suggests Bitcoin's price is undervaluedThe technical analysis tool is popular amongst crypto traders hopeful of securing an insight in the markets psyche.
Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum TokensSome $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.
Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJThe Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.