US Virginia Senate allows state banks to offer crypto custody services

The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services.  Delegate... Read more »

Will sanctions force Russia into mining?

Since the sanctions were imposed on Russia, whether cryptocurrencies could provide relief has been discussed by many. While some argue that they can behave as a bypass from the sanctions, others claim... Read more »

Bitcoin loses $40K as BTC price support levels give way to 1-week lows

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble... Read more »

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching... Read more »

Cosmos Looks Primed for a Steep Correction

Key Takeaways Cosmos has risen by more than 60% over the last week. The recent uptrend appears to be approaching exhaustion. A spike in selling pressure could push ATOM to $28. Share... Read more »

Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’

March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a... Read more »

UK’s FCA investigated 300 crypto firms in 2021

The UK Financial Conduct Authority (FCA) has announced that it would double down on its efforts to prevent investors from coming to harm. It stated this in a press release which also... Read more »

Bitcoin Miners Catch a Break as Mining Difficulty Drops for the First Time in 3 Months

Bitcoin miners got a small break on March 3, after the network’s mining difficulty shifted downward for the first time since November 28, 2021. Bitcoin’s hashrate has remained high meandering between 180... Read more »

DeFi Project Spotlight: Acala, Polkadot’s DeFi Hub

Key Takeaways Acala is a cross-chain interoperable Polkadot parachain that’s aiming to become crypto’s leading DeFi hub. Its ecosystem is centered around the decentralized, Maker-inspired, overcollateralized stablecoin, Acala Dollar. Acala is built... Read more »

Bitcoin mining difficulty drops for the first time this year

For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of six consecutive positive difficulty adjustments, in which the mining... Read more »