Category: Cryptocurrency

Mar 09
No credit for crypto — users react to Russia-issued credit card ban

Cryptocurrency exchanges and financial services companies will soon likely no longer be able to accept transactions completed with many major credit cards following the companies ceasing operations for Russia-based users. On Saturday, Visa, Mastercard, and PayPal announced they would be suspending operations in Russia following the country’s military actions in Ukraine. Visa called Russia’s actions […]

Mar 08
Bitcoin price rejection at $39K and mounting regulatory concerns tank the market again

BTC price rejects near $40,000 as investors balk at an upcoming Biden administration executive order on crypto regulation. 17422 Total views 50 Total shares Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 as news that United States President Joe Biden plans to sign an executive order later this week. […]

Mar 08
Total exchange BTC inflows have been net negative since July 2021

There have been more outflows than inflows to most exchanges except Binance, FTX, Bittrex and Bitfinex since last July, suggesting sellers may be exhausted according to Glassnode. 5660 Total views 52 Total shares Bitcoin inflows across all exchanges have been net negative since last July, but four major exchanges have been running contrary to this […]

Mar 08
HIVE Blockchain to expand mining operations with new Intel ASIC chips

The Bitcoin mining company is expanding to Texas with new custom-built “greener” mining devices that will be powered by Intel Bonanza Mine chips. 4068 Total views 30 Total shares Publicly traded crypto mining company HIVE Blockchain Technology has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their […]

Mar 08
Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble

Bitcoin (BTC) recovered from one-week lows on March 8 after a lack of progress in Russia-Ukraine talks that sent markets tumbling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Commodities “trading like meme stocks” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing at $37,170 on Bitstamp after Monday‘s Wall Street open. Overnight progress maintained […]

Mar 08
VanEck files for new ETF to track crypto and gold mining companies

The ETF will track securities in an index that measures the performance of gold mining and digital assets mining firms, according to the filing. 938 Total views 8 Total shares VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) […]

Mar 08
European Parliament will hold vote on crypto bill without PoW provision

“Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector,” said Stefan Berger. 2530 Total views 37 Total shares The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining. In a Monday Twitter […]

Mar 08
Adobe's Behance adds support for Solana NFTs

This integration is available for Behance creators with Phantom wallets, and the feature was powered by QuickNode. 1855 Total views 33 Total shares Behance, the creative showcase platform owned by Adobe, announced on Monday that users can now connect their Phantom wallet to their Behance accounts and showcase Solana (SOL) nonfungible tokens (NFTs) on their […]

Mar 08
FinCEN includes crypto in alert on Russia potentially evading sanctions

“Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said FinCEN acting director Him Das. 667 Total views 18 Total shares The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a […]

Mar 07
Rate hikes, CPI and war in Europe — 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine. As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up. A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly […]