Ethereum extended its decline below the $3,200 support against the US Dollar. ETH price is at a risk of more downsides below the $3,120 support zone. Ethereum extended its decline below the $3,250 and $3,200 support levels. The price is now trading below $3,250 and the 100 hourly simple moving average. There is a key bearish continuation pattern forming with […]

Forex trading platforms in Nigeria are decrying recent actions by the country’s central bank that has seen them lose access to millions of dollars in their bank accounts. The Central Bank of Nigeria went to court to freeze their accounts, claiming they were engaged in illegal foreign exchange and that they were offering some services they weren’t authorized to. The […]

Tim Stokely, the founder and CEO of OnlyFans has explained how banks had forced it to drop adult content from the subscription-based content platform. OnlyFans is a popular platform connecting online sex workers to subscribers, but the firm recently changed its policy to prohibit “sexually explicit conduct,” starting Oct. 1 — which has caused backlash from both creators and content […]

David Marcus, an executive in Facebook, released the regulatory information concerning Novi. The update states the current status of Diem’s crypto wallet. Through a recent blog post, Marcus confirmed the approval for Novi in almost every state in the United States. Also, he revealed that it will not be launched in places where it has yet to get approval. The […]

The new chair of the U.S. Securities and Exchange Commission Gary Gensler has set out his latest views on the shape of digital currency regulation in the country, including a swipe at decentralized finance platforms, which he suggested could well be within the sights of regulators. Arguing that DeFi projects would fall within the scope of regulators like the SEC, […]

Citigroup Inc, one of the largest banks in the world, is reportedly considering making its inception into the Bitcoin (BTC) futures trading offering for selected institutional clients. According to a spokesperson from the bank cited by Reuters, the plans come in the wake of “increased demand” within the crypto industry. “Given the many questions around regulatory frameworks, supervisory expectations, and […]

Interactive Brokers LLC (NASDAQ: IBKR) has announced on Tuesday the official launch of a Mastercard prepaid card for Canadian customers. According to the press release, people could handle all the transactions through their IB account balances. That said, customers who get the prepaid card could have benefits such as purchasing power and cash withdrawal to the full suite of features […]

Crypto services company Paxos has announced that it is rebranding the Paxos Standard, its U.S. dollar-based stablecoin. PAX Is Now USDP The Paxos Standard will be known as the Pax Dollar going forward. Formerly, the stablecoin had the ticker symbol PAX, but in the future it will have the ticker symbol USDP. The stablecoin’s new ticker symbol bears a clear […]