HODLers in Russia have a reason to smile as holding cryptocurrencies in the country could soon be legalized. According to a Feb. 8 announcement, the Russian government and central bank are jointly preparing draft legislation that will define crypto as currency. Russia Drafts Law To Regulate Cryptocurrency Markets After previously proposing to ban cryptocurrencies, the Bank of Russia has now […]

The couple Ilya Lichtenstein and his wife Heather Morgan were arrested on charges of being answerable for the 2016 hack on Bitfinex. The couple is accused of attempting to launder more than 119,000 BTC of stolen funds from the exchange. In particular, The Justice Department asserts that some funds were sent to the digital wallet controlled by Ilya Lichtenstein. In […]

Shares of payment and financial services technology provider, Fiserv, Inc. (FISV) are down more than 5% in the morning trade on Tuesday despite reporting better-than-expected fourth-quarter results. The company reported net income of $333 million or $0.50 per share in the fourth quarter compared with $300 million or $0.44 per share in the same quarter a year ago. Adjusted earnings […]

Bitcoin exceeded its 50-day moving average for the first time since 2021. The new milestone has been seen as a sign of upward momentum for the asset that has faltered since the start of 2022. Bitcoin currently trades at $43,620 while the bulls rub their hands in glee. After a forgettable January, Bitcoin is surging ahead. By exceeding a technical […]

The price of the flagship cryptocurrency bitcoin has moved past a key technical indicator after going over the $42,800 mark, where its 50-day moving average after enduring a downtrend since November of last year, when BTC hit a new high near $69,000. As reported by Business Insider, the largest cryptocurrency has surged after managing to break through the $40,000 after […]

Although the recent correction in the crypto market had quite a lasting effect, such circumstances have proven to be potentially profitable for long-term investors according to the Glassnode data analysis. In particular, dormancy flow indicates that Bitcoin has reached the fourth oversold point in history. The current values indicate that most transactions occur in regards to short-term holders, while long-term […]

Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence companyMicroStrategy Inc. (NASDAQ: MSTR), recently talked about how they might want to generate yield from their Bitcoin holdings, as well as how his firm’s stock compares to Bitcoin ETFs. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of […]

Shares of Unity Software Inc. (U) are up 14% Friday morning after the company reported more than 40% growth in revenue. The company’s first quarter results as well as full-year outlook came in above estimates. Unity’s adjusted loss per share in the fourth quarter narrowed to $0.05 from $0.10 a year ago. The consensus estimate of analysts polled by Thomson […]