Cryptocurrency News

Along with bitcoin, the largest altcoin ether (ETH) also suffers losses this week. The coin on the night of Thursday, May 20, fell in price to $ 2,571. ETH was last traded at this level on April 22 of this year. Cryptocurrency capitalization decreased over the day by almost 25% to $ 295.867...

The report of the investment bank JP Morgan says that the fall in the value of bitcoin was the result, among other things, of the transition of some large investors to gold. Today the cryptocurrency is trading at $ 38,900. The day before, the bitcoin rate fell below $ 31,000. Support returned on...

Formula 1 racing champion Honda has partnered with blockchain platform Tezos to launch a line of collectible non-fungible tokens (NFT). As part of the agreement, Red Bull Racing will release the first-ever NFT collection on the Tezos blockchain. Team Leader Christian Horner noted that the platform...

After seeing a major decline and dropping to $30.600, the price of Bitcoin seems to be recovering. The cryptocurrency gained $10.000 in a day and currently trades at around $39.900. BTC dominance index stands at 43.09% which is up by 2.7% in a day and the market cap is $753.9 billion. Most...

Crypto management platform BlockFi sent users large sums in Bitcoin by mistake. The payments were thought to be done in terms of a promotion that rewarded users with bonuses in USD stablecoins. The promotional period lasted from March 18 to 31 and the rewards were to be transferred to people's...

The Munich prosecutor's office is investigating a possible connection between the Lithuanian fintech company Finolita and the theft of more than € 100 million from the Wirecard payment service a few weeks before its collapse. According to the investigation, more than a third of the missing money...

The lawyers of the Russian Alexander Vinnik demanded to consider the issue of his return to Greece. At a hearing in the Paris Court of Appeal, the lawyer Zoya Constantinople, defending Vinnik, pointed out the illegality of his transfer from Greece to France and declared a violation of human rights....

Cryptocurrency mining is a highly technical and expensive venture. Over the years, the process has become more difficult with the need to own ASICs which consume a significant amount of power and require a lot of computational capacity. As a result, not many can afford to mine cryptocurrencies...

While the bearish trend prevails for most cryptocurrencies currently, Aave (AAVE), Polygon (MATIC), and Solana (SOL) reached new all-time highs: $666, $2.68 and $58 respectively. MATIC, the native token of the Ethereum scaling solution Polygon now ranks 14th with a market cap of over $14.8 B. The...

The founder of the OneCoin cryptocurrency pyramid, Ruja Ignatova, did not respond to the lawsuit related to the alleged $ 4 billion fraud. Ignatova, her company OneCoin and banker Gilbert Arment "did not provide an answer or otherwise did not respond to the claim," the documents say....

A petroleum dollar backed by the US military threatens the environment more than mining the first cryptocurrency. This was announced by Alex Gladstein, Strategy Director of the Human Rights Foundation, and David Energy co-founder James McGinnis, on the Unchained podcast. According to Forbes, in...

A new decision adopted by China states that financial establishments and payment operators of the country are disallowed to deliver services concerning crypto activities. The country also urged investors to be careful while purchasing crypto. Particularly, it said cryptocurrencies don't represent...

According to the former head of the BitMex exchange Arthur Hayes, ether (ETH) may in the future become the largest digital currency. So far, however, the probability of such a scenario is only 30%. The odds are slim, but they continue to grow, Hayes wrote on the BitMex blog. The gigantic potential...

Today, May 18, business intelligence company MicroStrategy announced another major Bitcoin purchase. The company purchased 229 BTC for $10 million. Currently, MicroStrategy's bitcoin holdings are about 92,079 units traded for over $2.2 billion at an average price of 24,450. MicroStrategy has...

Black Eyed Peas band member Allen Pineda Lindo, under the pseudonym Apl.de.Ap, has announced the release of four non-fungible tokens (NFT) on the Portion marketplace. Each NFT is a unique video clip with unreleased music from Apl.de.Ap. Artists Tom Coben and AJ Dimarucot helped the musician to...

Blockchain-powered travel solutions provider, Travel Coin, continues to stand out in the industry by leveraging the ever-growing technology. The blockchain technology has evolved over the years, with several businesses across different in-dustries adopting the concept to enhance their operations...

The introduction of central bank digital currencies (CBDCs) will create benefits but may disrupt the financial system. Such conclusions are contained in the report of the rating agency Fitch. Among the advantages of CBDC, analysts named digitalization of operations, financial inclusion, increased...

New York-based financial services provider Galaxy Digital which is centered on digital assets, cryptocurrencies, and blockchain, presented the outcomes of the first quarter of 2021. The company's Chief Executive Officer Michael Novogratz states that the firm's net income reached $860 M. Last...