Latest Blockchain and Crypto News

Since the start of January 2022, fees on the Ethereum network have fallen by more than 80%. The average transaction processing fee is now $10.2, up from $52 at the beginning of the year. The decrease in commissions has been observed over the past seven days. On February 27, average network fees...

Local media of India reports that the Supreme Court urged the Indian government lawyers to clarify if cryptocurrencies are legal or not. The legal status of the sector is uncertain as there is no regulatory framework but on the other hand, the Ministry of Finance imposed a 30% taxation rule on...

Bank of America released a note with the title "Digital Assets: In the Flow,” writing that it doesn't see a crypto winter as the market is active both in adoption and in project developments. Crypto trading analysis of individual and exchange wallets reveals a “lack of directional...

The team behind decentralized storage app ArDrive closed a $17.2 million investment round led by Arweave Team, Blockchain Capital, and Sino Global Capital. The corporate-focused ArDrive solution runs on the Arweave protocol. The latter is positioned as an eternal "collective hard drive"...

Leading e-commerce firm eBay considers adding crypto as a means of payment. The president and CEO of the firm, Jamie Iannone said in a phone interview with the financial news provider TheStreet that eBay aims to be the online shopping platform for generation Z and millennials. eBay might make a...

Popular Canadian-American actor and film producer Ryan Reynolds has joined the list of celebrities who support the crypto industry. The other day, he gave an interview to the popular business publication, in which he expressed his point of view regarding digital assets. So, the man said that over...

Mykhailo Fedorov, the Vice Prime Minister, who is also Minister of Digital Transformation of Ukraine, turned to major cryptocurrency exchanges, asking them to block all Russian and Belarusian users. He wrote on Twitter that it's essential to ban not only politicians but all users. I'm asking...

The SEC vs Ripple lawsuit moves forward. US district judge Analisa Torres responded shortly "denied" to the SEC's request to file a Sur Sur-Reply. The purpose of the request was to cite a prior Court ruling from a different circuit striking an entirely different defense. In legal terms,...

In the fourth quarter of 2021, Block (formerly Square) generated $1.96B in bitcoin sales through the Cash App, developing a gross profit of $46M for the firm. The company's total revenue for the period reached $4.08 billion, up 29% year on year. In 2021, Block's revenue increased by 86% to $17.66...

The European Parliament has put off the vote on the Markets in Crypto Assets (MiCA) draft, which discusses the environmental impact of Bitcoin and other cryptos which use the Proof of Work mining algorithm. Parliament member Stefan Berger announced that the vote scheduled for Feb. 28 was delayed,...

Rakuten announced the launch of the Rakuten NFT NFT marketplace. The Japanese e-commerce giant attributed the move to the increasing adoption of cryptocurrencies in the country. The platform will provide users with the opportunity (from 2023, including peer-to-peer) to buy and sell tokens in...

The Supreme People's Court of the People's Republic of China amended the legal norms on the illegal attraction of funds, toughening criminal liability. For raising funds in cryptocurrencies, the authorities have established a punishment in the form of imprisonment for a term of three years or more....

The largest altcoin, Ether (ETH), has fallen over 12% in the last 24 hours. Cryptocurrency capitalization for the week decreased by almost 20% to $284.169 billion. Amid a market crash triggered by tensions in Europe, exchanges liquidated more than $400 million worth of positions on February 24. The...

Founded by former ConsenSys chief strategy officer Sam Cassatt, Aligned has raised $34 million in funding. The firm is building a Web 3.0 infrastructure. Aligned was backed by GSR, Altium Capital, Cavalry Fund, and Ninja4, as well as several business angels. There was no lead investor in the round....

Leading crypto exchange Coinbase reported its earnings for the 4th quarter of 2022. After the publication, the shares of the company increased. According to the report, the company ended 2021 with strong performance across key metrics. The net worth of the company in Q4 2021 was $2.5 bln, the net...

Bitcoin (BTC) is trying to find the bottom at around $35,000. There is an opinion among analysts that at this level, the cryptocurrency can claim to be the support of the whales. On the night of Friday, February 25, the coin bounced to $36,100, but so far it is still trading in the red zone....

Ukraine’s Central Bank restricted digital money activities, which resulted in increased usage of crypto. Data from a crypto trading platform Kuna show that Ukrainians are mainly paying a premium for Tether's USDT. The CB told e-money issuers to halt the issuance of digital currencies and the...

Last week, Colorado capital Denver hosted the 5th annual Ethereum-focused hacking and networking event ETHDenver. The summit welcomed over 12,000 people from different countries, which is the record number of the event's attendees. From February 11 to 17, the kickoff and the...