238 / 252 Relevant items tagged with #Cryptocurrency
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US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
[Mar 2, 2023 8:00 AM] A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan…
Over 20,000 Ukrainians Sign Up for Free Course on Crypto, Official Says
[Mar 2, 2023 6:30 AM] Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto…
Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report
[Mar 2, 2023 1:00 AM] Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the…
Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases
[Mar 1, 2023 3:30 PM] Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are…
XRP Bullish Cross Is Looming, An Easy Path Toward The $2 Mark?
[Mar 1, 2023 1:30 PM] XRP has traded sideways for most of February, but there are bullish signals for investors to expect a break above the resistance line and another rally to new annual highs. The token used by payment company Ripple has constantly consolidated…
UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
[Mar 1, 2023 9:00 AM] Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…
Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading
[Feb 28, 2023 5:30 PM] Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated…
Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions
[Feb 28, 2023 3:30 PM] The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on…
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
[Feb 28, 2023 1:00 PM] According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several…
Why A Bitcoin Monthly Close Above $23,000 Hints At More Momentum For The Bulls
[Feb 28, 2023 12:47 PM] Bitcoin continues to hold above the $23,000 psychological level for bulls as it nears the end of the month. The industry’s largest cryptocurrency by market cap may have another continuation signal to conquer new annual highs in its 50-month…
Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic
[Feb 28, 2023 9:30 AM] Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed…
Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection
[Feb 28, 2023 8:30 AM] On Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens…
Dormant Bitcoin Now 16% Higher Than BTC In Exchange Reserves
[Feb 28, 2023 7:30 AM] With the fact that there can ever only be 22 million Bitcoin in circulation, BTC has always been bound to be scarce over time as the asset flourishes in mainstream adoption while its value continues to rise. According to the latest data from the…
Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions
[Feb 28, 2023 6:30 AM] Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is…
Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants
[Feb 28, 2023 12:30 AM] On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy…
Bitcoin Price Experiences Correction to $23,000 Support, Can Bulls Push Higher?
[Feb 27, 2023 1:51 PM] Bitcoin has experienced a correction down to $23,000 over the weekend; with the recent downtrend, the Bitcoin price action needs a significant push above its resistance to confirm a continuation of the bullish trend that began in early 2023. BTC…
Crypto Market Crawls To A Standstill As Investors Remain Neutral
[Feb 27, 2023 11:00 AM] Over the last week, the crypto market has seen what can be described as a rollercoaster movement. After coming out of an impressive rally, the digital assets in the space attempted to hold on to their value but a downward spiral would follow…
Stacks (STX) Shines With 50% Weekly Gains While Market Drops
[Feb 27, 2023 10:15 AM] Stacks is a Bitcoin-adjacent blockchain, and STX is the native token powering it. The network was launched on Bitcoin in 2017 to enable developers to build and launch smart contracts secured by the host blockchain. As the NFTs on the network keeps…
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia
[Feb 27, 2023 9:00 AM] The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528…
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions
[Feb 27, 2023 3:00 AM] Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its…
Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report
[Feb 27, 2023 1:00 AM] Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and…
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury
[Feb 26, 2023 11:00 PM] The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in…
Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils
[Feb 26, 2023 4:00 PM] The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support their military and humanitarian activities, Elliptic says in a report. According to the blockchain forensics company, the targeted nation…
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder
[Feb 26, 2023 11:30 AM] On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid…
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
[Feb 26, 2023 2:00 AM] The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability…
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
[Feb 25, 2023 11:00 PM] Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in…