After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the cryptocurrency-friendly bank, BankProv, has announced ...
Tag: news
Why We Added This Chip Stock to the Bullpen
Editor’s note: An earlier version of this story incorrectly implied Marvell was not already in the Bullpen. We regret any confusion. After hinting in the Daily Rundown that we’d revisit se...
London Crowned World’s Leading Cryptocurrency Hub, According to Study – Bitcoin News
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number...
Hopes Dashed for India’s Crypto Community
The expectations of millions of cryptocurrency holders in India were dashed when the country’s federal budget for the year 2023 included no reference to cryptocurrencies or the technology known ...
Here’s Some Very Bad News For PlayStation Plus Subscribers
Evil Dead: The Game Credit: Saber Interactive I have some good news and some bad news for PS Plus subscribers. We’ll start with the good. Sony has unveiled its February PlayStation Plus Essential line...
U.K. Treasury Proposes Ambitious Crypto Regulations
His Majesty’s Treasury has finally released a long-awaited consultation document in preparation for the imminent regulation of cryptocurrencies in the United Kingdom. The comprehensive paper, wh...
Tether Denies Receiving Any Loans From Celsius
The company that is responsible for the most valuable stable coin in terms of market capitalization, Tether (USDT), alleges that they have never received a loan from the defunct cryptocurrency lender ...
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will ac...
Ripple News Could Cause XRP Price Breakout
The XRP price is making yet another attempt at breaking out from its symmetrical triangle pattern. If successful, a sharp upward movement could follow. Positive XRP news in the form of a Ripple vs SEC...
Binance’s New Blockchain Platform Aims to Build Web3 Infrastructure
In its recently published BNB Greenfield white paper, the cryptocurrency exchange Binance stated that it is interested in constructing a blockchain-based Web3 infrastructure. BNB Chain is a blockchain...
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell – Economics Bitcoin News
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-poi...
FTX and Affected Parties Request Subpoenas for Information from close relatives
As the bankruptcy procedures go forward, FTX and the impacted parties have issued subpoenas demanding information and documents from close relatives of the company’s former chief executive offic...
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High – Markets and Prices Bitcoin News
On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar....
3 High-Yield Energy Stocks Worth Owning Now
The energy sector has been a great place to invest over the past two years due to the strong tailwinds to energy prices stemming from the war in Ukraine as well as rapid inflation in the broader econo...
Former FTX CEO ordered not to contact current or former employees
As a condition of his release from federal custody, the federal court who is presiding over the criminal case against Sam Bankman-Fried, the former chief executive officer of FTX, has ruled that he is...
LTC Races to 9-Month High, ATOM Extends Recent Gains – Market Updates Bitcoin News
Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up ...
60 Organizations Launch Campaign Urging US Congress to Protect Privacy – Privacy Bitcoin News
On Wednesday, 60 organizations involved in cryptocurrencies, open-source and free software, and human rights and privacy-preserving projects launched a new campaign calling on the 118th U.S. Congress ...
ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin News
Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates...
NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal – News Bitcoin News
Sorare, a Paris-based NFT (non-fungible token) fantasy game startup, has closed a deal with the Premier League, the first soccer division in the U.K., to make teams and players of the league part of i...
Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion – News Bitcoin News
Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card feature...
Big News: Ripple Price is about to TRIPLE? This News Confirms…
For some time, the Ripple network’s XRP coin has been one of the most enticing, but also one of the most controversial, coins on the crypto market. Above all, the legal fight with the US Securities an...
Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes – Africa Bitcoin News
After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The b...
Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
Kazakhstan, which is home to one of the most significant Bitcoin (BTC) mining operations in the world, has released a consultation paper in an effort to gauge the level of interest shown by the genera...
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’ – Regulation Bitcoin News
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instrum...
SEC Loses Appeal in LBRY Vs. SEC
The United States Securities and Exchange Commission (SEC) has acknowledged publicly in the public record that the secondary market sale of LBRY Credits (LBC) tokens does not constitute the sale of a ...
Tesla’s SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin News
Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billio...
Yuga Labs Facing More Lawsuits Over NFTs
The beleaguered cryptocurrency and fintech company Yuga Labs is going to be hit with more legal action in connection with its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC), and many...
82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows – Featured Bitcoin News
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto win...