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Cryptocurrency News

Location American Cryptocurrency News for 2 February 2022
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance ...
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El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is go...
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Smaller Altcoins Extend Gains while Bitcoin and Ethereum Look for Direction Bitcoin price is currently (11:58 UTC) consolidating near the USD 38,500 level. If the bulls remain active, the price could rise towards the USD 40,000 level. Similarly, most major altcoins are attempting a key upside br...
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How to Use Layer-2 Solutions to Save on Ethereum Fees: Immutable X The Ethereum (ETH) network has been struggling to scale, plagued with skyrocketing gas fees and slow transaction confirmation times. Following the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs) ...
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Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus f...
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This Is Why TradFi Will Integrate DeFi into Global Finance Hisham Khan is the Co-founder and CEO of Aldrin, a developer of a DeFi ecosystem. _______...
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Price analysis 2/2: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX Bitcoin and altcoins took an unexpected dip today, signalling that even with $40,000 in sight, the overall sentiment remains negative.
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Cryptocurrencies are the Optimism around the long-term adoption of digital assets remains high despite quantitate volatility in recent weeks.
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Technical Analysis: Quant Climbs 20%, as Loopring Selloff Extends After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding themselves in a red wave. Quant managed to evade the wave, climbing by as much as 20% during the session. Bi...
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El Salvador Switches Tech Providers -- Chooses Alphapoint to Operate Chivo Bitcoin Wallet On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech appli...
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Bitcoin, Ether and NFTs will 'never become legal tender' in India, says Finance Secretary "You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan.
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Laundering NFTs, Circling Crypto Ads, Cardano Gets Extra Space, Euro Inflation Heats Up + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. __________...
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Grayscale Makes an ETF Move

Crypto News - 2 Feb 2022 18:01
Grayscale Makes an ETF Move US-based major cryptoasset management firm Grayscale Investments launched its first equity exchange-traded fund (ETF) as they aim to increase its exposure to this type of investment vehicle. The Grayscale Future of Finan...
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BTC price dives with stocks as fresh sell-off sees PayPal shed nearly 25% Bitcoin reaffirms its current correlation with equities as tech stocks in particular suffer as trading gets underway.
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Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates After Yesterday's Rally Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yester...
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Progressive group adopts Bitcoin as ING and PayPal block donations Progressive International made another case for Bitcoin as a tool for circumventing the traditional financial system.
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India Confirms 'It's Not Illegal to Buy or Sell Crypto' -- Government Will Consult Widely on Crypto Regulation India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’...
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Russian region struggles to keep up with Bitcoin mining energy demands A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast.
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All the world's Bitcoin can only pay 2.43% of $30T US national debt The latest grim milestone for the U.S. economy means that its national debt total is now 4,000% larger than the Bitcoin market cap.
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El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App The Salvadoran government is attempting to reboot its Chivo bitcoin (BTC) app and wallet - by teaming up with the USA-based crypto firm AlphaPoint. In an official notice, the government wrote that the firm was now "provi...
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Report: Blockchain Among Technologies to Be Prioritized by Saudi Arabia's IT Decision Makers in 2022 Blockchain is among six emerging technologies that will be prioritized by the Kingdom of Saudi Arabia (KSA)’s IT decision makers in 2022 and beyond, according to a recent study. Effect of Covid-19 The government of Sau...
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Why did WazirX token (WRX) jump 30% after India announced its big crypto tax? The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area.
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