Bitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend

Post Views: 334 Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. BTC was once again trading lower on Saturday, as prices were battling to find…

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

Post Views: 961 The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Authorities in the Russian Federation maintain differentiated electricity tariffs depending on…

Klein Finance Announced the Completion of a Funding Round With Participation From KCC Chain and KuCoin-Ventures

Post Views: 410 PRESS RELEASE. Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain. Klein Finance is an efficient decentralized trading platform for digital assets built on…

Georgia to Unveil New Cryptocurrency Law by This Fall

Post Views: 338 Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the Georgian society this fall at the latest, a top central bank official announced. The National Bank of Georgia (NBG) is fine-tuning…

Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives

Post Views: 348 The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain. The purpose of the measure is ostensibly to protect…

Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

Post Views: 347 While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. That leaves a…

Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks

Post Views: 362 The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. The IMF has reportedly said the CAR’s recent decision…

California Governor Newsom Signs Executive Order on Crypto, Blockchain, and Web3

Post Views: 364 California Governor Gavin Newsom has signed an executive order on crypto and blockchain to create a comprehensive and harmonized framework for Web3 technology to thrive. “California is a global hub of innovation, and we’re setting up the state for success with this emerging technology,” said the governor. The notice states: California becomes…

Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale

Post Views: 360 On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Furthermore, well-known crypto pioneers and…

Biggest Movers: ETC Climbs to 1-Week High, as AXS Moves Away From 10-Month Low

Post Views: 373 During a volatile day of trading, ethereum classic rose to a one-week high earlier in the session, before falling victim to a red wave. AXS also rose today, climbing by over 12% in the day, however, a bearish wave pushed prices lower as the day progressed. ETC climbed to a one-week high…