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Cryptocurrency News

Location American Cryptocurrency News for 18 February 2023
The economics of cryptocurrency mining: Costs, revenues and market trends Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.
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Coinbase CEO Urges Congress to Pass Clear Crypto Legislation -- Warns America Risks Losing Financial Hub Status Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,�...
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Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources fa...
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Bitcoin Begins Bull Market? These Eight Key Indicators All Just Turned Green for the First Time Since Early 2021 Earlier this week, eight out of eight key on-chain and technical indicators tracked by crypto analytics firm Glassnode's "Recovering from a Bitcoin Bear" just signaled that the next Bitcoin bull market might be here. Tha...
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Shiba Inu Price Prediction as $300 Million Trading Volume Comes In - Are Whales Buying? Shiba Inu's price prediction has become a topic of interest as its trading volume reaches $300 million. Investors are wondering if this surge in trading activity is due to the buying activity of large investors, commonly...
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Onecoin Cryptoqueen's Ex-boyfriend Gets 5 Years in Prison A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars' worth of proceeds from the notori...
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SEC sues Do Kwon, Paxos ready to litigate, SBF's VPN: Hodler's Digest, Feb. 12-18 Top Stories This Week Paxos 'categorically disagrees' with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells...
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NFT Sales Surge Over 43% in Past Week, Topping $397 Million Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, w...
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Crypto Industry Spent Record $21M on Lobbying Last Year - Coinbase Leads the List Crypto companies spent a record $21.55 million in 2022 on Washington lobbying, with major cryptocurrency exchange Coinbase leading the list. Last year's spending was more than double the crypto industry's lobbying outlay...
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How the Ordinals movement will benefit the Bitcoin blockchain The increasing popularity of Bitcoin NFTs, or Ordinals, will impact posively the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer.
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FTX Scandal Deepens: Sam Bankman-Fried's Right-Hand Man Nishad Singh to Plead Guilty to Fraud Nishad Singh, the former director of engineering for collapsed crypto exchange FTX and Sam Bankman-Fried's right-hand man, is preparing to reach a plea deal with U.S. prosecutors According to a Friday report from Bloombe...
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Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclos...
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Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day High Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday's session. Chainlink was also higher...
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Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,700, as Markets Rebound on Saturday Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip...
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Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex reportedly said i...
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Bitcoin faces do-or-die weekly, monthly close with macro bull trend at stake Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines in February.
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Bitcoin Stock-to-Flow Model: What Is It & Can You Use It to Trade BTC? The crypto asset markets are constantly evolving, and with it, new tools and methods to understand and analyze the market. One such tool is the Bitcoin Stock-to-Flow (S2F) Model, which aims to predict the price of Bitcoi...
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Platypus DeFi Platform Hit by $8.5M Flash Loan Attack with Unexpected Twist - Here's What Happened Decentralized finance (DeFi) protocol Platypus Finance has lost $8.5 million after suffering a flash-loan attack. However, with the help of some on-chain sleuths, the project managed to track down the hacker and even rec...
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Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the a...
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Bitcoin Price and Ethereum Prediction: Recovery of Nearly 5% - What's in Store for the Weekend? Over the past few days, the prices of Bitcoin (BTC) and Ethereum (ETH) have seen a significant increase, recovering nearly 5% of their value. This price movement has been welcomed by cryptocurrency investors and enthusia...
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Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI's Help Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist...
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Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began i...
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