Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: the price of Bitcoin (BTC) climbed to $49,000 after news that the Federal Reserve would raise interest rates and curtail its bond-buying program. Why…
The Russian central bank is seeking to prohibit citizens from investing in bitcoin and cryptocurrency out of concerns the activity would pose risks to the country’s financial stability, according to a Thursday report by Reuters. “The central bank is now in talks with market players and experts about a possible ban,” the report said. “If approved by lawmakers, it could…
Kazakhstan, the country behind one of the largest sources of Bitcoin mining hash power, has released the results of a pilot program for its digital tenge. According to a Wednesday report, the National Bank of Kazakhstan, or NBK, said it had confirmed the possibility of implementing a retail central bank digital currency, or CBDC, based on distributed ledger technology. In…
Following Square’s rebrand this month to Block, many in the crypto industry joked that it was only a matter of time before the complaints rolled in. Now, the first lawsuit has finally arrived in the form of a filing by tax-prep firm H&R Block. “Today’s filing is an important effort to prevent consumer confusion and ensure a competitor cannot leverage…
Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers to borrow stablecoins, ETH, and other cryptocurrencies using certain NFTs…
beginner Changelly continues to expand the number of digital assets available on the platform. From now on, JasmyCoin can be effortlessly exchanged at floating rates. JasmyCoin follows the ERC-20 standard. It can be used by a number of individuals and businesses to transfer tokens using digital devices as proof of value exchange or payment for services. The token performs several…
Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since. The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than 1 BTC. In contrast, the Bitcoin wallets with balances between 1,000 BTC and 10,000 BTC did little in supporting…
Crypto lender Nexo is teaming up with Three Arrows Capital to launch a new crypto credit service backed by valuable non-fungible token (NFT) items. As is the case with Nexo’s existing products, clients will be able to use NFTs as collateral to borrow stablecoins, Ethereum, and other digital currencies. Nexo’s NFT Lending Desk will begin accepting Bored Ape Yacht Club…
In brief Solscan raised $4 million in a seed round led by venture firms Multicoin Capital and Electric Capital. The money will be used to improve its block explorer. Block explorer and analytics firm Solscan, which tracks data on the Solana blockchain, today announced it has raised $4 million in a seed round. The round was led by venture firms…
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance or special order after the session.” Indian Crypto Bill Needs More Work The government of India…
