US Federal Reserve Chairman Jerome Powell says he has no plans to outlaw cryptocurrencies. While testifying before Congress, Powell fielded crypto-related questions from Representative Ted Budd in the wake of China’s recent ban across the digital asset space. ADVERTISEMENT The North Carolina Republican first asked the chairman about a statement he made during previous …
Monthly archives: October 2021
Price analysis 10/1: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI
The month of September stayed true to its billing as a historically weak period for cryptocurrencies. Bitcoin (BTC) closed the month with a loss of about 7%. However, October may bring cheer to the bulls because Bitcoin has risen in six of the past eight years, falling only in 2014 and 2018. The bulls started …
Continue reading “Price analysis 10/1: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI”
Biden admin weighing bank-like regulation for stablecoin issuers
The Biden administration is reportedly considering a new legal framework for stablecoin issuers that would put them in the same category as banks, raising questions about the future of crypto regulation in the country. Citing people familiar with the matter, The Wall Street Journal reported Friday that the administration is looking to convince Congress to …
Continue reading “Biden admin weighing bank-like regulation for stablecoin issuers”
Altcoins take the next leg up after Bitcoin price holds $47.5K
Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions. The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering …
Continue reading “Altcoins take the next leg up after Bitcoin price holds $47.5K”
3 factors that can send Ethereum price to 100% gains in Q4
Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a …
Continue reading “3 factors that can send Ethereum price to 100% gains in Q4”
Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report
Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of the theft wasn’t disclosed, according to a report from Bleeping Computer. Earlier this week, …
Continue reading “Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report”
Crypto community concerned over impact of infrastructure bill on DeFi
Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” House lawmakers stated that a vote …
Continue reading “Crypto community concerned over impact of infrastructure bill on DeFi”
Umbrella Network launches on Ethereum with cross-chain bridge to BSC
Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. …
Continue reading “Umbrella Network launches on Ethereum with cross-chain bridge to BSC”
Komodo launches on-chain bridge between Ethereum and Binance Smart Chain
Atomic swaps tool Komodo has released a new version of AtomicDEX, a non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one app, featuring the industry’s first non-custodial, AMM-free 1:1 bridge. The DEX allows holders and traders to have the same asset on two or more protocols (e.g. BEP-20 AAVE and ERC-20 AAVE), with the …
Continue reading “Komodo launches on-chain bridge between Ethereum and Binance Smart Chain”
vsKSM (Kusama) farming is live on Bifrost. Here’s how to get started
Bifrost users can now earn vsKSM tokens on the DeFi protocol to earn yields and generate revenues on their staked assets, CryptoSlate learned in a release shared today. A Kusama-based parachain designed for staking’s liquidity, DeFi for staking and liquidity, Bifrost users get their vToken and staking rewards if they use services on the decentralized …
Continue reading “vsKSM (Kusama) farming is live on Bifrost. Here’s how to get started”
Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office
The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under …
Singapore Grants Crypto Licenses to DBS and Independent Reserve
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves DBS and Independent Reserve …
Continue reading “Singapore Grants Crypto Licenses to DBS and Independent Reserve”
Popular Bitcoin ATM Operator: Bitcoin of America Working With WGN Radio to Promote Cryptocurrency Education
press release PRESS RELEASE. Bitcoin of America (BOA) is a popular virtual currency exchange, headquartered in Chicago, IL. They are known for their extensive number of Bitcoin ATM locations across the United States. Bitcoin of America’s CEO, Sonny Meraban, and Director of Marketing, Jenna Polinsky, have been featured on air at WGN Radio over the …
Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund
Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that can extend banking and financial services to all segments of …
Continue reading “Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund”
SEC Chair Gary Gensler Signals Potential Support for Futures-Based Bitcoin ETF
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler says he is open to exchange-trade funds (ETFs) for Bitcoin futures. While speaking at the Future of Asset Management North America Conference on Wednesday, Gensler told attendees that his staff will be reviewing a number of recent cryptocurrency-related ETF filings. ADVERTISEMENT “[Regarding] investment vehicles providing …
Continue reading “SEC Chair Gary Gensler Signals Potential Support for Futures-Based Bitcoin ETF”