Bitcoin

Feb 09

After a Devastating 2022: Crypto Firms Will Not Advertise at Super Bowl (Report)

by Survival Zen

Cryptocurrency exchanges will supposedly not promote their products and services during Super Bowl LVII this Sunday (February 12). The bear market in 2022 shook the industry to its core, wiping out close to $2 trillion and causing multiple bankruptcies. One of the most active advertisers at last...

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Bitcoin

Feb 08

Riot Mined an All-Time High of 740 BTC in January

by Vanlifer

The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hi...

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Bitcoin

Feb 07

Binance to Distribute $5M Worth of BNB to Earthquake-Affected Turkish Users

by Vanlifer

The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake.  It will give away $100 worth of BNB to each of its local users and launched a public donation address where every...

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Bitcoin

Feb 07

Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

by Staff Reporter

Scaling Ethereum has undoubtedly been one of the hottest topics in the past months. The network’s transition to a proof-of-stake consensus algorithm in September 2022 was a huge milestone in this regard, as it opened the door for many different scaling solutions to be implemented. While Ethereum de...

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Bitcoin

Feb 06

Despite Bear Market, 82% of Millionaires Sought Crypto Advice in 2022 (Survey)

by Staff Reporter

A study conducted by the financial consultancy firm – deVere Group – estimated that 82% of clients with over $1.2 million worth of investable assets sought advice on cryptocurrencies in the past 12 months.  The significant interest came in spite of the broad market slump and the countless scanda...

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Bitcoin

Feb 05

Here’s the Next Support for XRP if $0.40 Fails (Ripple Price Analysis)

by Staff Reporter

XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart...

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Bitcoin

Feb 04

Optimism (OP) Skyrockets to New ATH, Gains Over 40% Weekly

by Taylor French

Optimism continues to perform. The cryptocurrency just painted a fresh all-time high which, at this point, happens almost daily. This brings its total gains for the week to around 43%. Optimism continues to be one of the best performers within the cryptocurrency market, and its native token...

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Bitcoin

Feb 04

US Regulators Launch Official Probe Into Silvergate-FTX Dealings

by Rene Cross

Silvergate, one of many creditors to take huge losses due to FTX going under, was previously forced to lay off 40% of its staff. This hit to its business was compounded by billions of dollars in substantial loans taken out to cover a potential bank run the organization feared might occur after FTX’...

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News

Feb 04

3AC Founders Want to Launch a New Crypto Exchange

by Jodi King

Key Takeaways 3AC co-founders Su Zhu and Kyle Davies want to launch their own crypto exchange. They are seeking $25 million from investors. GTX, as the project is called, aims to be a public marketplace for crypto claims. Su Zhu and Kyle Davies want to tap into the ballooning crypto claims ma...

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Bitcoin

Feb 03

Logan Paul Faces Class Action Lawsuit Over Alleged CryptoZoo NFT Rug Pull

by Florence Lloyd

American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token (NFT) project CryptoZoo. The class action, filed by police officer Don Holland on behalf of 20,000 other victims, alleges that Paul and...

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Bitcoin

Feb 02

CryptoGames Introduces Binance Coin (BNB) as Payment Option

by Staff Reporter

[PRESS RELEASE – Please Read Disclaimer] CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform’s users who can now enjoy seamless transactions with their Binance Coin...

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News

Feb 02

Gemini’s Cameron Winklevoss Calls for Barry Silbert’s Ousting as DCG CEO

by Staff Reporter

Winklevoss claims Silbert defrauded Gemini Earn users by making false statements about Genesis’ financial health. Key Takeaways Gemini co-founder Cameron Winklevoss published an open letter addressed to the Digital Currency Group board today. Winklevoss called on the board to oust Barry Silbert...

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Bitcoin

Feb 02

The UK to Enforce ‘Robust’ Standards in the Crypto Industry After FTX Crash

by Staff Reporter

The government of the United Kingdom is willing to strengthen the rules on the local cryptocurrency sector to prevent another adverse event like the FTX collapse. The recently-appointed Prime Minister – Rishi Sunak – is known as an advocate of blockchain technology, arguing the country should em...

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News

Feb 02

Federal Reserve Raises Rates by 25 Basis Points

by Staff Reporter

The Federal Reserve is cooling the aggressivity of its rate hikes. Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish monetary policy. Today th...

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Bitcoin

Jan 31

UK Regulator Launches Inquiry into Charity With Ties to Sam Bankman-Fried

by Paul Mckay

UK’s Charity Commission announced inquiring into a charity called – Effective Ventures Foundation over its ties with FTX. According to the official press release, the charity reported its association with FTX as a serious incident because the bankrupt cryptocurrency exchange was its “significant fu...

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