Cryptocurrency News

MicroStrategy CEO Michael Saylor is widely known as a bitcoin fanatic. He periodically states that BTC will rise in price as this asset forms a new financial system. During a speech at the Economic Club of New York, he compared cryptocurrencies to real estate that an investor purchases in an...

Ethereum gas fees have fallen to their lowest since August 2021. Data from the investment research platform YCharts shows the last Ethereum average gas cost was 35.17, worth around $2. According to Etherscan gas tracker, currently the average price for a transaction is 70 gwei ($3.12). Gas fees...

At the end of last week, the International Narcotics Control Board released a report expressing concern that Mexico's drug cartels were using bitcoin. The researchers found that criminal communities from Jalisco and Sinaloa are increasingly using cryptocurrency in their financial schemes....

Ethereum software firm ConsenSys revealed closing Series D funding round with $450 M raised. Thus, the company’s valuation topped $7 bln. Investment firm ParaFi Capital, which took part in the Series C round of the company in Nov. 2021, led the round. Among the participants were Temasek, SoftBank...

Popular crypto exchange Binance revealed being granted a crypto service provider allowance from Bahrain’s Central Bank. The Binance team released a blog post, saying that the step is a major gain for the company as it is their first crypto asset provider in the alliance of the six Middle Eastern...

On March 14, information appeared on the Web that the Wasabi cryptocurrency wallet will begin blocking user transactions that it considers “illegal”. Wasabi Wallet developers announced this on their official Twitter account. According to reports, the direct blocking of crypto transfers will be...

Against the backdrop of increased sanctions pressure and limited access to dollars and euros, the interest of citizens and companies in cryptocurrencies has sharply increased in Russia. Bitcoin exchanges have recorded an increase in investment in both Bitcoin and stablecoins. At the beginning of...

The European Union rejected the proposed bill that could have banned the first and the largest crypto, Bitcoin. Today, The Committee on Economic and Monetary Affairs (ECON) of the European Parliament voted on the Markets in Crypto Assets draft, with the majority saying no to it. MICA offered a...

Founder and CEO of Terraform Labs, Do Kwon has accepted a $1 M bet on the price of the LUNA coin native to the Terra blockchain. The bet was offered by a Twitter user with the pseudonym Sensei Algod. The essence of the deal is the following; both parties send 1M in the stablecoin USDT to a crypto...

The Chief Executive Officer of PayPal, Dan Schulman believes cryptocurrencies and blockchain will redefine the financial sector. In an interview with the Israeli tech news provider CTech, Schulman mentioned being excited about what crypto and digital ledger technology can do to the financial sector...

Business magnate Elon Musk tweeted about the current financial situation and inflation asking opinions about the future inflation rate for the coming years. Musk wrote that Tesla and SpaceX are seeing high inflation pressure in raw materials as well as logistics. As a common principle, Musk said...

One of the founders of the financial technology company Stripe, John Collinson, wrote on his Twitter account about the launch of a new online service. This is a platform that will allow users to buy digital assets and NFT collections for fiat money. Collinson drew the subscribers' attention to the...

Many in the US political and business establishment see the digital yuan as a threat to the dollar. That is why the Senate has prepared a bill designed to limit the ability of companies to use the Chinese token (CBDC). Congressmen fear that the digital yuan will not only undermine the dominance of...

The CEO and co-founder of the payments technology Circle, Jeremy Allaire commented on the crypto executive order by President Biden. He finds that the step is a watershed moment in the industry as the government administration thus shows that it understands digital currencies are here to stay....

Cryptocurrency Terra (LUNA) was able to perform very well this week amid the retreat of Bitcoin and Ethereum. After reaching the bottom at $80.5, the token rebounded to a local peak at $99.5. LUNA climbed to sixth place in the ranking of the largest digital currencies. At the end of the week, its...

The FCA of the United Kingdom has released a warning that says crypto ATMs running in the country are’n legal and they must stop functioning. The statement says that the companies must be listed with the regulatory body. As the FCA reports, none of the crypto asset firms is currently registered...

Following Joe Biden's recent announcement regarding digital assets, the stock prices of some large companies have risen significantly. The President of the United States signed an order asking the executive branch to immediately create favorable and safe conditions for the conduct of activities by...

Recently, the CB of Romania announced that it had permitted Elrond to purchase the Twispay blockchain platform, with the help of which, in the future, the regulator will be able to issue its stablecoin. Elrond is a government-backed blockchain firm concentrated on distributed applications. It was...