Category: Cryptocurrency News

The Indian finance minister has finally revealed clues about what is in the cryptocurrency bill that is due to be introduced in parliament. Mentioning no crypto ban, she said that the government will take “a very calibrated” approach to cryptocurrencies. Indian Finance Minister Provides Clues on Upcoming Crypto Regulation Indian Finance Minister Nirmala Sitharaman shed some light on the upcoming crypto regulation in her country during CNBC-TV18’s IBLA townhall Friday. This is the first time she talked about the content Read more …

Publicly-listed mining company Argo Blockchain has finalized its acquisition of a new, 320 acre land plot in West Texas, United States, which it plans to use for the construction of a new 200NW cryptocurrency mining facility. News of the planned acquisition first broke in mid-February, after Argo entered into a Letter of Intent with DPN LLC of New York. Details of the deal indicate that the acquisition was completed at an initial  price of $5 million, satisfied by the issue of Read more …

press release PRESS RELEASE. ESTONIA — MARCH 8, 2021 — YIELD App, the DeFi wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Ethereum fund, allowing users to earn high-interest returns on their Ether (ETH). Following a successful public launch and token listing (YLD), YIELD App can now offer its users up to 20% APY on their ETH and stablecoins. Ethereum deposits will be gradually open to YIELD App users over the next Read more …

Aker ASA, a $6 billion Oslo Børs-listed holding company is set to begin investing in Bitcoin. According to a press release issued on Monday, Aker has created a new company called Seetee AS whose mission is to invest in Bitcoin (BTC). The newly formed Seetee will also delve into the Bitcoin mining arena while looking to forge useful partnerships with major players in the crypto space. Indeed, Seetee has reportedly entered into a collaborative agreement with Blockstream. According to Blockstream Read more …

UNI prices slipped on Monday as traders decided to secure their profits after the cryptocurrency rallied to an all-time high in the previous session. Trade Setup The Uniswap decentralized exchange’s governance token was down by up to 5.57 percent to $32.34 during the early European session. Its latest move downhill extended its correction to 7.92 percent as measured from its milestone high of $35.12. Nonetheless, UNI maintained a strong footing near $32.31, a level that in late February served as Read more …

It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media. To help the country with its adoption efforts, the UAE government has launched two extensive, well-crafted initiatives — i.e., the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy. While the former Read more …

There’s a rumbling in the crypto world. Long perceived — not unjustly — as a boys’ club, 2020 has seen more women entering Bitcoin (BTC) and other cryptocurrencies than ever before. If the trend continues, we’ll see a welcome influx of women in the space. A recent survey by Gemini reports that women’s investment in cryptocurrency has surged 20% over the past year among a nationally representative sampling of United Kingdom investors. Among those planning to invest in crypto, 40% Read more …

Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business Read more …

The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min Kim, said that the ICON Foundation would not be affected by the investigation, noting that ICONLOOP is operated as a separate entity. The ICON Foundation is a non-profit organization based in Switzerland. In late 2017 it conducted an initial Read more …

Bitcoin (BTC) starts a new week on a firmly bullish note as stocks tumble and BTC managed to close the week above $50,000.  After a mixed performance last week that saw multiple tests of $46,000, buyer support is entering and BTC/USD is within 15% of all-time highs. Cointelegraph takes a look at what might lie in store for traders in the coming days with five factors likely to affect Bitcoin price action. Stocks nosedive as USD gains The tide is Read more …

Troubled antivirus software entrepreneur John McAfee has claimed that Dogecoin (DOGE) was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee pinpointed that DOGE was one of several cryptocurrencies that he endorsed as part of his “coin of the day” tweets about four years ago. “For a few days in 2017 I chose coins I believed had value,” McAfee stated regarding his choice of cryptocurrencies. The famous entrepreneur noted that Read more …

Uniswap’s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further. UNI gained pace above the $30.00 and $32.00 resistance levels against the US dollar. The price is trading nicely above $34.00 and the 100 simple moving average (4-hours). There was a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI/USD Read more …