Cryptocurrency investors have been keeping a close eye on Cardano lately. One Reddit user noted that the current rate of price change is the slowest since January of 2021. Coingecko reports that the value of Cardano has dropped by 15% over the past two weeks and 24% over the past month. In spite of the introduction of the Vasil update, ADA was unable to gain traction and stage a comeback. Currently, ADA is trading at a positive $0.3673. However, it’s Read more …
Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users Over Ukraine War About a week after the European Union introduced another set of measures aimed at hurting Russia’s economy and finances, including its access Read more …
Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including cryptocurrencies, which are their No. 1 choice,” the bank wrote. Young Wealthy Americans Prefer Cryptocurrencies to Stocks Bank of America released its 2022 Private Bank Study of Wealthy Americans this week. The report highlights the results Read more …
This is an opinion editorial by Andy Flattery, a certified financial planner. An observer of modern culture paying even the slightest attention might aptly compare today’s world to the Roman Empire in the sixth and seventh centuries. This was a period of cultural decline, where barbarian invasions destroyed cities, libraries, laws and even governments. During this time, it was medieval monks, such as St. Benedict, who preserved and built up Western civilization. The monks did this by preserving ancient texts, Read more …
Former Morgan Stanley CEO John Mack has confirmed that he still owns bitcoin. While admitting that it is hard for him to understand why crypto has value, the former executive believes that 50 years from now, crypto could be “a huge way that monetary transactions take place.” Former Morgan Stanley CEO John Mack on Bitcoin and Crypto Former Morgan Stanley CEO John Mack talked about bitcoin and cryptocurrency in an interview with CNBC Thursday. Mack was the CEO of the Read more …
Bitcoin price continues to witness strong resistance around the $19,400 mark. Over the last 24 hours, the coin depreciated by 2.9%. At the beginning of this month, Bitcoin price had staged a brief recovery but it was met with selling pressure. After the coin started hovering near the $18,000 price mark, this level attracted buyers on the chart. Soon after that, BTC moved up on its chart two weeks ago. The technical outlook of the coin indicated that the bears Read more …
FTM’s price struggles as a downtrend price movement continue. FTM failed to breakout from its range channel as the price was rejected into a downtrend price formation with more sell volume. The price of FTM shows bearish signs as the price trades below the 50 and 200 Exponential Moving Averages (EMA). Fantom (FTM) price movement has had a rough time as the price of Fantom (FTM) shows little or no sign of price bouncing off from its downtrend price formation Read more …
A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment regulatory process.” He stressed that “some digital assets are securities, others may be commodities, and others may subject to a completely different regulatory regime.” US Senator Calls for ‘Transparent Notice-and-Comment Regulatory Process’ to Regulating Crypto Assets U.S. Senator John Hickenlooper (D-CO) has sent a letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, regarding crypto Read more …
This is an opinion editorial by Andrew Axelrod, a Bitcoin educator and writer whose LinkedIn posts have orange pilled thousands. “We truly are a species with amnesia. We have forgotten a very important part of our story.” — Graham Hancock “You have forgotten who you are and so have forgotten me. Look inside yourself Simba. You are more than what you have become. You must take your place in the Circle of life.” — Mufasa Most of human experience is Read more …
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the region. China Suggests Minting Asia-Wide Digital Yuan Underpinned by Distributed Ledger Technology Chinese government researchers have proposed the introduction of a new digital currency in Asia in order to reduce Read more …
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect donations].” Paypal Reportedly Stops Servicing Hong Kong’s League of Social Democrats Just recently, the news publication Daily Wire discovered a Paypal terms of service (ToS) agreement draft that was not yet implemented. The ToS Read more …
Forget March Madness, Mango Madness is in season this time of year. The Solana-based lending protocol has been a spectacle unlike any other throughout this week, and that’s certainly saying something considering the amount of antics crypto brings to the table on frequent occasion. Since our first covering of Mango’s exploit that led to a full-fledged drain of the protocol, things have only gotten more twisted and convoluted. Let’s take a look at how things have developed this week and Read more …