Category: Cryptocurrency News

Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities in Kazakhstan are going to pay a surcharge for the electrical energy they burn. President Kassym-Jomart Tokayev has signed a new law this week amending Read more …

Ethereum is trading in a positive zone above the $2,150 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,300. Ethereum is trading in a positive zone above the $2,100 and $2,150 support levels. The price is now trading above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,140 on the hourly chart of ETH/USD Read more …

sponsored Vent is excited to announce the launch of their IDO on the Ventup platform, nurtured by Vent Finance. This innovative community-driven platform promises to usher in a new era of decentralized funding for vetted projects and help empower entrepreneurs on their journey to success. Vent – Welcome to the All-in-One Ecosystem Vent has announced it is launching the Ventup IDO Launchpad on Polygon to provide startups that launch on the platform with scalability, modular security solutions and compatibility with Read more …

The market capitalization of all 10,722 cryptocurrencies in existence is around $1.42 trillion on Wednesday and during the last 24 hours, all of these crypto-assets combined lost 3.92%. Meanwhile, bitcoin captures 45.73% of the entire $1.42 trillion capitalization and ethereum commands 17.8%. As both of these leading assets have improved this week, seven-day changes against the U.S. dollar show a great number of other crypto-assets have seen much bigger double-digit gains. Steemit Coins, 51% Attacked Tokens, and Forgotten Crypto Assets Read more …

Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level. The price is now trading near $34,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $35,750 on the hourly chart of the BTC/USD pair (data feed from Read more …

In a company blog post released this week, major crypto exchange Coinbase has shared that it is working on a crypto app store. The app store will be built for third-party developers to help increase access to the “decentralized cryptoeconomy” – culminated by an increasing amount of tools within DeFi, NFTs, smart contracts, DAOs, and more. Coinbase: Embracing Decentralization The blog post, written by CEO Brian Armstrong and titled “Embracing decentralization at Coinbase”, alludes to inspiration from Apple’s Storefront. “Apple Read more …

The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.S. banking system. Fed Vice Chair Speptical About Digital Dollar Federal Reserve Vice Chair of Supervision Randal Quarles talked about bitcoin and the Fed’s work on a central bank digital currency (CBDC), the digital dollar, in a speech at the Utah Bankers Association Read more …

A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said. Rep. Bill Foster Stresses the Need for Law to Allow the Government to Reverse Crypto Transactions Democratic Rep. Bill Foster of Illinois, who is also co-chair of the Congressional Blockchain Caucus, talked Read more …

Game theory is the science concerning the systematizing of strategic conflict and cooperation among rational actors. It was formalized in the mid-40s by the genius polymath John Von Neumann, and then it allegedly found its way into all kinds of science, even though the only people talking about it are venture capitalist types like Balaji Srinivasan using it in word salads to make simple things sound very complex. When game theory got a little pop culture notoriety with John Forbes Read more …

Ethereum has had a lot of growth in the past year. Growing more than bitcoin and producing more gains. But it is no secret that the market cap of Ethereum is still a long way away from $2 trillion. The market cap of the digital asset currently sits at $248 billion. A $2 trillion market cap prediction might be overly optimistic. But Matthew Sigel does not believe that it is. According to Sigel, Ethereum can reach a $2 trillion market Read more …

The crypto bug is seemingly proving to be having a big bite on the sports industry as Tom Brady joins other sports celebrities pursuing a dream in the blockchain sector. The quarterback of the Super Bowl champs – Tampa Bay – had for weeks indicated his enthusiasm, through several tweets about crypto before declaring his intention now to be a “pioneer” in the industry. The Super Bowl GOAT had for a few days back told the media that he’s a Read more …

Cryptocurrency exchange Coinbase has unveiled its plan to build “the crypto app store,” inspired by how Apple Inc. built its app store. CEO Brian Armstrong said: “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.” In a blog post published on Tuesday, Coinbase CEO Brian Armstrong detailed several opportunities in the crypto space the Nasdaq-listed company is pursuing. One of them was to “Build Read more …