Category: Latest Crypto News

Visa Backed Debit Card From Huobi And Solaris Launches In EU

Visa has supported a partnership by Huobi and Solaris to allow their European users to make payments from their crypto account using Visa-backed debit cards. Creating diverse payment options (with both fiat and digital currencies) as Blockchain innovations evolve has become part of the mission of many financial institutions. Visa, a trusted leader in the digital payment industry, is also

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Capitalix Review: CFDs and Forex Trading Simplified

You’re ready to venture into the world of crypto CFDs and Forex trading, but where do you start? Well, the first step in trading is to find a broker, but with numerous brokers and platforms out there, knowing which one is right for you can be difficult. Capitalix is a broker that has been around for a few years and

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Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce

Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.com. The company earlier today announced a global cut-off of its workforce, expressing how difficult it is to

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Will Bitcoin Price Keep Pumping To $20,000? Watch This Now

The Bitcoin price hit a three-month high at $19,104 yesterday. After the Consumer Price Index (CPI) for December 2022 was announced at 6.5% as expected, the market initially reacted cautiously and showed a pullback to below $17,900. However, the bulls took over after that and posted the biggest daily candle in over 6 months. However, caution is advised. Investors should

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Ripple Execs Predict Increasing Utility As Key Driver For 2023

A few days ago, Ripple Labs’ Managing Director for Europe, Sendi Young, shared her predictions for 2023, as Bitcoinist reported. Now, in a new blog post, other Ripple executives have also shared what they expect for the future and made their projections. In doing so, the executives agree that technological advancements and steady steps into the mainstream will help to

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Is Elon Ditching Dogecoin? Twitter Prepares To Launch ‘Coin’ Feature

Rumors have been swirling for quite some time that Elon Musk might launch his own Twitter Coin, possibly putting Dogecoin (DOGE) on the sidelines or even ditching it. Leaks of the Twitter user interface first surfaced in early December, showing the “Coin” feature. A few hours ago, new revelations emerged. Security researcher and reverse engineering blogger Jane Manchun Wong has

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Terra And Do Kwon Lawsuit Voluntarily Dismissed, But Why?

The plaintiffs in a class action lawsuit against TerraUSD and its affiliated companies voluntarily dismissed their case on Monday. Matthew Albright filed the lawsuit on behalf of others against Terraform Labs (TFL), Pte Limited, and other affiliates in the Southern District of New York Court in August 2022. The plaintiffs alleged that the defendants falsely promoted, manipulated, and offered UST

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Cardano Founder Shares His Thought On Upcoming Improvements On The Platform

ADA price is recovering after hovering around $0.25 for one month. The Cardano’s native token has fired up with a nearly 30% price surge since the advent of the New Year. The hype around Cardano’s upcoming stablecoin DJED launch could be among the factors pushing ADA’s price forward. The news of Hoskinson’s new healthcare facility that would accept ADA as

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January Effect: Why Crypto Altcoins Started 2023 With A Bang

All across the brutally beaten crypto market, altcoins are beginning to show their first signs of a potential recovery following a nearly 90% drawdown in most assets. But could the recovery be due to a calendar-based phenomenon called the January effect? Crypto Altcoins Explode To Start Off The New Year Take a look at CoinMarketCap’s top crypto gainers and losers

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Grayscale Bitcoin Trust Discount Shrinks To 38% As Gemini Deadline Goes Unanswered

The Grayscale Bitcoin Trust (GBTC) took a surprising development yesterday, Monday, January 9, when the world’s largest private BTC fund rose 12% in price. As TradingView data shows, the GBTC share price stood at $8.65 at the close of trading on Friday. However, during the course of Monday, GBTC saw unexpected buying pressure that pushed the price to $9.72. In contrast,

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Did The 2022 Crypto Sanctions Have A Real Impact? Report Casts Light

The U.S. and other financial institutions and law enforcement agencies are stepping up their efforts to sanction crypto entities. The U.S. and its Office of Foreign Assets Control (OFAC) changed the modus operandi employed to impose sanctions.  The consequences of this different approach were mixed, and for many in the crypto industry, they set up a new paradigm and crossed

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Crypto Conglomerate DCG Under Investigation By U.S. Authorities

Digital Currency Group, better known as DCG, is currently under investigation by U.S. authorities.  According to a report by Bloomberg, U.S. prosecutors in New York – specifically, the city of  Brooklyn  – are assessing the internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital. The crypto lending company has been in the spotlight for

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Only In Crypto: A Croissant Reviews 2022’s Funniest Moments

2022 was one of the hardest years for crypto and digital assets; the industry saw highs and lows and some of its funnier moments since its inception. Via Twitter CroissantETH tried to review and account for some of these “absolutely unforgettable” moments. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview A Review Into The Best Crypto Memes

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Shiba Inu Takes A Hit As Whale Moves $28.7 Million in SHIB

Shiba Inu has taken a 3% hit today as a whale has moved a massive SHIB stack worth $28.7 million in the last 24 hours. Shiba Inu Has Declined Over The Past Day SHIB had kicked off 2023 on a positive note as the meme coin had been riding an uptrend during the first five days of the year. Today,

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Next Crypto Exchange On The Brink? Huobi And Justin Sun Rumors Intensify

Multiple rumors surrounding Huobi and its supposed “shadow owner” Justin Sun are currently fueling fears that another crypto exchange may experience a bank run. Seychelles-based exchange Huobi has seen a significant increase in net outflows over the past 24 hours, according to Nansen data. $60.9 million of the $94.2 million in net outflows last week occurred on the last day

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DCG Closes Subsidiary HQ Digital, Fueling Fears In Bitcoin Market

Digital Currency Group (DCG), the crypto conglomerate that owns lender Genesis Trading and asset manager Grayscale, among others, today made public that it has closed its asset management division called HQ Digital, fueling new fears within the bitcoin and crypto industry, given that the company managed $3.5 billion in total assets in December. A memo obtained by The Information states

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Cardano Enters Top 10 Most Spent Crypto In Commerce In 2022, Report Claims

Crypto payments on e-commerce platforms are booming despite market conditions, with Cardano (ADA) and Binance Coin (BNB) entering the top 10 most spend crypto. According to a report from payment processor Coingate, people spent a lot of their crypto in 2022.  The report gathered data from 2014 and determined that e-commerce shops have received 2.5 million crypto payments during this

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Coinbase Fined $50 Million for Lax Anti-Money Laundering Measures

Per a report from the New York Times (NYT), crypto exchange Coinbase (COIN) reached an agreement with the New York Department of Financial Services (NYDFS). The company will pay around $100 million to improve its account and background checks.  Half of the settlement will go into paying a $50 million fine. The report claims the additional $50 million will improve

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Hit Or Miss? Top 5 Bitcoin Predictions For 2023

Bitcoin predictions have been rolled out with the start of the new year. These predictions come from prominent personalities in the space who have shared where they think the price of the digital asset is headed. Some of these are bullish while others err more on the bearish side. Here are the top 5 bitcoin predictions for the year 2023

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