Bitcoin News / Bitcoinist - 2 years ago
Last week, news quickly circulated that Silvergate Bank, a crypto-friendly bank, was in hot water and had to stop offering USD services to its around 1,600 crypto customers. This obviously had a significant impact on the market as assets such as Bitc...
Bitcoin News / Bitcoinist - 2 years ago
The Central Bank of Ukraine banned crypto transactions via bank cards to prevent its national currency, the hryvnia, from being used on crypto exchanges. Similarly, Binance and the country’s leading exchange Kuna have confirmed the suspension o...
Bitcoin News / Bitcoinist - 2 years ago
Last weekend was hot for Yuga Labs as the crypto community criticized how it modeled its first Bitcoin NFT auction. The creator of the Bitcoin NFT protocol Ordinals also expressed displeasure at the model, threatening to wash his hands off. Yuga Lab...
Bitcoin News / Bitcoinist - 2 years ago
Many crypto enthusiasts believe the growing trend of Bitcoin ATMs will drive more adoption, given the ease of access. But Bloomberg reported last year that the crypto winter affected Bitcoin ATMs. While the community complains about the impact of the...
Bitcoin News / Bitcoinist - 2 years ago
The Bitcoin mining difficulty is currently sitting at all-time high values, but miners seem unfazed as the hashrate has only continued to rise recently. Bitcoin Mining Hashrate Continues Uptrend Despite Difficulty Increase The “mining hashrate&...
Bitcoin News / Bitcoinist - 2 years ago
Bybit has suspended U.S. dollar deposits using bank transfer owing to a partner-triggered service outage, the Dubai-headquartered crypto exchange announced. Bybit announced on its website that U.S. dollar wire transfers, including SWIFT payments, hav...
Bitcoin News / Bitcoinist - 2 years ago
The world of cryptocurrency has been shaken once again by the latest report from the Wall Street Journal. According to their sources, Binance – the biggest player in the industry – has been developing a strategy to evade the risk of facin...
Bitcoin News / Bitcoinist - 2 years ago
The Bitcoin and crypto markets had their second red week in a row, driven by negative news about the US crypto bank Silvergate. While the dollar index (DXY) weakened on Friday and the world’s largest stock index, the S&P 500, showed a stron...
Bitcoin News / Bitcoinist - 2 years ago
While the court case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to await a ruling from the U.S. Southern District Court of New York, rumors have arisen in the XRP community that the judge in charge, Analisa To...
Bitcoin News / Bitcoinist - 2 years ago
According to the latest report, Bitcoin adoption among merchants is expected to increase by 50% in the next three years. This result is from a survey conducted by Ripple and Faster Payment Council, which involved 300 payment leaders in 45 countries. ...
Bitcoin News / Bitcoinist - 2 years ago
Sam Bankman-Fried will be allowed to use a non-internet-connected flip phone under new bail conditions that include restrictions on internet usage, according to prosecutors cited by Bloomberg. The former FTX CEO is still free on a $250 million bail b...
Bitcoin News / Bitcoinist - 2 years ago
Silvergate Capital has pulled the plug on its Silvergate Exchange Network (SEN) after the bank specializing in digital assets voiced questions about its viability. SEN, the bank’s platform for crypto payments, is one of its most popular service...
Bitcoin News / Bitcoinist - 2 years ago
Mike McGlone, the senior macro strategist at Bloomberg Intelligence, outlined the primary catalyst for the downturn of Bitcoin and Crypto prices. In his recent digital asset analysis, McGlone cited the US Federal Reserve’s hawkish inflation-cur...
Bitcoin News / Bitcoinist - 2 years ago
Crypto miners are now in the crosshairs of US legislators. A crypto mining bill that pushes for transparency on gas emissions data is being pushed back in Congress, courtesy of U.S. Sen. Edward Markey and Rep. Jared Huffman. The bill is being reintro...
Bitcoin News / Bitcoinist - 2 years ago
Xapo Bank announced it has integrated the Lightning Network and formed a partnership with Lightspark. This collaboration will make the organization the first private bank to accept Lightning payments with a complete license. According to a press rele...
Bitcoin News / Bitcoinist - 2 years ago
Binance USD (BUSD) has suffered a steep decline in active addresses following the regulatory crackdown by U.S. authorities. This development continues a series of dips within the Binance ecosystem in recent weeks. BUSD Active Address Shows Regression...
Bitcoin News / Bitcoinist - 2 years ago
One of the ways to increase investors’ interest in crypto is network improvement. Developers of cryptocurrencies usually come up with improvement proposals to make the network efficient, accommodating the needs of the users and fixing issues hi...
Bitcoin News / Bitcoinist - 2 years ago
A report by The Wall Street Journal reveals the alleged illicit acts of Bitfinex and Tether in 2018. This is one of the many legal issues and controversies that have characterized Tether since its launch in 2014. One of the past legal issues with Te...
Bitcoin News / Bitcoinist - 2 years ago
Microstrategy recently took to Twitter to reassure investors – and the market as a whole – of its supposedly “minimal exposure” to Silvergate, a struggling crypto bank that has since been the subject of online discourse after...
Bitcoin News / Bitcoinist - 2 years ago
The crypto market is still reeling from Bitcoin’s price drop on Saturday. The largest cryptocurrency by market cap took the majority of the market down with it after succumbing to bearish trends. But it seems that this is not the end as investors exp...
Bitcoin News / Bitcoinist - 2 years ago
Amid the Securities and Exchange Commission’s (SEC) objections to BinanceUS’s attempt to acquire cryptocurrency lender Voyager Digital, rumors have spread throughout the crypto community that Binance has called off the deal. Binance̵...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase has recently acquired digital asset manager One River (ORDAM), a leading institutional digital asset manager, and the Securities and Exchange Commission (SEC), a registered investment advisor. The newly acquired digital asset manager was ann...
Bitcoin News / Bitcoinist - 2 years ago
The crypto market is rife with oddities. The lack of regulation has allowed meme coins, bizarre experiments, and more to flourish. As a result, nothing is too surprising to cryptocurrency investors these days. However, a shocking story made it around...
Bitcoin News / Bitcoinist - 2 years ago
Big tech giant Apple has had a troublesome relationship with the crypto industry, which could further worsen by a new decision. The company behind developing the Ethereum-based decentralized exchange, Uniswap Labs, announced a mobile wallet. The co...
Bitcoin News / Bitcoinist - 2 years ago
Following several reports of hacks in the decentralized finance (DeFi) space last year, DeFi still seems to remain the main target for bad actors in the industry. According to data from DefiLlama, millions of dollars have been siphoned from the DeFi...
