As Chinese miners flee the country and reportedly flock to Russia, the country’s Energy Ministry is seeking to charge them more for electricity. The energy minister has proposed imposing higher fees for the block reward miners, a move that would see them recognized as a legitimate business activity. Russia has become an important player in the global block reward mining game, […]

The star crypto is the talk of the town, with it nearing its ATH, growing adoption, and approval of futures ETF. While traders wish for spot ETFs, the futures ETF holds immense potential to turn tables in BTC’s favor. Netizens are expecting the futures ETF to help institutional investors flock into the exposure of Bitcoin. Which were earlier concerned over […]

Ripple (XRP) is moving above the moving averages as the altcoin faces rejection at the resistance zone at $1.20. Today, XRP has fallen from the high of $1.20 to support above $1.08. The current downtrend will continue if the price falls below the $1.08 support. However, XRP will start a new uptrend if the current support holds. Otherwise, XRP/USD will […]

Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James. Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto lender Nexo is revealed to be one of the […]

The International Monetary Fund (IMF) has published a stark warning about the potential impact of stablecoins, warning that they could eventually pose a ‘contagion risk’ to the global financial system. In a report published by the body, the IMF said stablecoins at the current level do not yet pose a risk to financial stability. However, with growing market caps and […]

Finveo Limited, a British broker owned by Turkish Inveo Investment Holding, has appointed industry veteran Iain Rogers as the new Chief Executive Officer. His appointment in the apex position became effective on August 23, 2021. “I’m thrilled to be leading the Finveo UK team, we are building on the existing strong foundations that already exist across the Inveo group of companies through […]

Bakkt ($BKKT), an institutional and retail-facing digital asset platform founded by Intercontinental Exchange, has suffered a drawdown of -6.4% after closing a volatile first day of trading as a publicly listed company. After launching on the New York Stock Exchange (NYSE) at $9.45 on the morning of Oct. 18, BKKT rose by roughly 3.3% up to $9.77 during its first […]

Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions. Wood tweeted on Oct. 17 that Polkadot’s treasury has allocated more than 18.9 million DOT (worth roughly $777 million at the time of writing) to a development fund that will be disbursed through community governance. Wood gave broad suggestions as to […]

On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at the helm,” after El Salvador’s president bought the bitcoin dip […]