Cryptocurrency News

Transactional activity on the bitcoin network has surged to its highest level since late spring amid the recent sell-off on the crypto market. The cryptocurrency price plunged below $ 43,000 as volatility escalated on Saturday. However, the computing power of the network, on the contrary, continued...

The updated financial infrastructure of China and Hong Kong will be based on the digital version of the yuan (CBDC). The parties have already started the second stage of testing this tool, local media reported. Recall that the largest banks and IT companies from the Middle Kingdom also take part in...

The social network Reddit has opened a waiting list for expanding its program of rewarding Ethereum-tokens "Community Points" to subreddits of the platform and launched a special information resource. The initiative has been operating in test mode since May 2020. Members of the...

Meta's Novi wallet will allow transferring money via the popular communication app WhatsApp. As VP of product at Novi, Stephane Kasriel revealed, the feature becomes available today (Dec. 9) for a certain number of users in the USA. The executive said, sending money will be as simple as a message. ...

Decentralized Autonomous Organization (DAO) FreeRossDAO has acquired the NFT collection of the founder of the Silk Road darknet marketplace Ross Ulbricht. The winning bid on the SuperRare platform auction was 1,446 ETH. The auction was won by user yfimaxi. In a conversation with Decrypt, a...

Crypto exchange Butstamp revealed on Dec. 8 that it will add 4 new tokens: Shiba Inu (SHIB), Perpetual Protocol's PERP, dYdX (DYDX), and Gala Games (GALA). Today, the exchange revealed that users can place limit orders on SHIB and PERP pairs. SHIB is a popular meme coin. In July 2021, the Shiba Inu...

As a result of the aggravation of volatility in the crypto market at the end of last week, the number of active addresses on the bitcoin network has sharply increased. According to Arcane Research, transaction activity on the BTC blockchain is currently at its highest level since May 2021. Even...

The Bank of Thailand plans to launch a national digital currency (CBDC). Back in the spring, the regulator announced trials of its token. At the same time, the Central Bank is very negative concerning bitcoin and other virtual coins. On December 7, the Central Bank issued a decree requiring...

Crypto representatives and congresspeople discussed the future of digital assets during the hearing called by the chairwoman of the House Committee of Financial Services, Maxine Waters. Mainly, members of congress were positive about the industry. FTX CEO Sam Bankman-Fried, Coinbase CFO Alesia...

Ethereum scaling solution Polygon will hold a discussion on Zero-Knowledge rollups on Dec. 9, which the platform refers to as the ZK day. Polygon revealed the news via Twitter on Dec. 2. Ethereum creator Vitalik Buterin will participate in the event. Also, on that day, the company will reveal a...

Almost every tenth resident of the United States is ready to present cryptocurrencies as a gift for the New Year, and every fourth is ready to buy them in the new 2022. Such results were obtained by specialists of the BlockFi landing platform. The survey involved 1,262 US residents aged 18 to 65....

Crypto Chief Executive Officers will appear before Congress on Dec. 8. The news comes as the crypto regulatory question continues to be one of the primary questions in the country. The hearing was called by the U.S. Representative for California's 43rd congressional district, chair of the House...

Payment giant Visa has announced the creation of a new advisory division to assist clients to navigate cryptocurrencies. The structure, which will become part of the consulting and analytics department, will give advice to financial institutions, retailers, and other firms on everything from the...

Ether (ETH) was able to rebound after the crash to $3,623 last Saturday, December 4th. The recovery of positions has been observed over the past three days. Altcoin capitalization is now just over $ 522.455 billion. The IntoTheBlock team found that institutional investors, whose interest in ETH has...

Bloomberg Intelligence released a crypto sphere outlook for 2022. The insights by Commodity Strategist Mike McGlone show that in 2022 there will be a clear regulatory framework and bullish trends in the crypto industry in the US. The prediction is based on China's ban and the development of...

Among analysts, many believe that by the end of December, Bitcoin will be able to approach $ 100,000 or even break this psychological mark. However, amid the recent market crash, the number of bulls betting on cryptocurrency aggressive gains has plummeted. Bitwise top manager Matt Hougan also...

Digital currency loan service Nexo collaborates with enterprise-grade crypto custody Fidelity Digital Assets (FDAS) to enable large entities access crypto services. Per the release published by Nexo on December 7, the companies will introduce first-class financial operations and...

Institutional investors have invested a total of about $184 million in crypto funds last week. However, as early as Friday, December 3, they began withdrawing funds from digital assets amid the market decline. The outflow of funds from crypto-focused products reached $ 40 million. Capital inflows...