Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of United States GDP Data
Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing…
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent…
Update from B2BinPay: New Pricing, Tokens, and Merchant Models Along with Redesigned Website
B2BinPay is perfect for businesses looking for a reliable, cost-effective cryptocurrency payment processing solution; the top payment solution B2BinPay has recently improved its commissions, website, Enterprise and Merchant Models, and the platform…
Binance Launches Blockchain Education Program in Kazakhstan
Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be added to the curricula of higher education…
Defi More Scalable Than Traditional Finance, New Study Says
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked…
US Lawmaker: Crypto Self-Custody Is Antidote to FTX Fraud — ‘Keep Your Coins Act’ Will Protect Self-Hosted Wallets
U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which aims to “protect self-custody…
FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds
On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that…
Guggenheim CIO Scott Minerd Warns of a Crypto ‘Washout’ Similar to the Internet Bubble
Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry…
Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland
Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank…
2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date…
$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’
On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court…
PRESS RELEASE. Swarm, the decentralised storage and communication system built on Ethereum, is announcing the mainnet release of its storage incentives programme, a mechanism to reward storage providers, which now incorporates staking. Swarm has…
Biggest Movers: ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains
Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading…
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000…
Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report
Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last…
Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and…
Hackless Offers Sandwich Attack Protection for BSC and Ethereum Networks
As winners of the ETH hackathon in 2021, the Hackless team is now releasing the beta version of Anti-Sandwich – a gateway to safe and efficient swapping of crypto assets, avoiding public mempools and consequently, getting…
Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study
According to a new study, out of the estimated 55.3 million cryptocurrency holders that are spread among 33 African countries, three countries — Nigeria, South Africa, and Kenya — account for approximately 36.14 million or nearly two-thirds of this…
BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay
The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money…
Buy Gift Cards With Crypto on BuySellVouchers Gift Card Marketplace
PRESS RELEASE. The popular online gift card exchange BuySellVouchers now accepts Binance USD (BUSD) as payment. With thousands of customers and sellers worldwide, BuySellVouchers has become one of the most significant gift card marketplaces which…
Payments Giant Visa Proposes Using Ethereum L2 Starknet to Bolster Auto Payments for Self-Custodial Wallets
Visa, the financial services corporation headquartered in San Francisco, California, published a blog post that talks about leveraging ethereum and the layer two (L2) scaling solution Starknet so people with self-custodial wallets can pay their…
Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and collectors will be selling no matter what…
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how…
Bank of Russia to Test International Crypto Payments With Companies
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under…
Bitcoin.com Games Reveals Top Slots of 2022, Players to Get 50 Free Rounds Every Day for Christmas
Bitcoin.com Games to reward free rounds every day to all players until December 31st in Hot Slots of Christmas! It’s the holiday season and Bitcoin.com Games has begun unraveling sweet gifts for all its players in the newly launched Hot Slots…
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per…
FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per…
Biggest Movers: LTC Snaps Extended Bear Run, as LINK Hits 4-Day High
Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today’s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it…
Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%
The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to…
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