Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to the report, Blockchain.com will allow…
Binance, the world’s largest cryptocurrency exchange, has unveiled a $500 million lending pool for Bitcoin miners, as a combination of energy costs, low Bitcoin prices, and higher-than-ever mining difficulty strains the sector. The company said its Binance Pool project was designed to provide “secure debt financing services to both public and private blue-chip Bitcoin (BTC) mining and digital asset infrastructure…
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas. People’s Bank of China Reports 360 Million Digital Currency Payments Transactions with China’s…
Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as…
Bitcoin (BTC) delivered more surprises into Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto smoke shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours. After the United States Consumer Price Index (CPI) print for September…
Bitcoin services company New York Digital Investment Group (NYDIG) has slashed about a third of its headcount, according to a Thursday report by The Wall Street Journal, citing people familiar with the matter. The workforce cut affected approximately 110 of the NYDIG’s employees and was announced on September 22, people said. The firm is reportedly seeking to reduce expenses and narrow…
Bitcoin and Ethereum have recovered all losses from yesterday, following their plunging in response to the release of the U.S. Bureau of Labor Statistics consumer price index (CPI), which was up 8.2% from last year’s numbers. The leading cryptocurrency is trading at around $19,649 by press time, or up as much as 3.4% since yesterday’s low of $18,347.67, per CoinGecko.…
According to Nigerian Vice President Yemi Osinbajo, his country is well-positioned to become a global leader in the digital economy. However, for that to happen, Nigeria must choose the right approach and spend more time developing digital skills. Nigeria Better Equipped Than 3 Decades Ago The Nigerian vice president, Yemi Osinbajo, recently claimed that his country has enough human capital…
Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive. Brands that issue NFTs should be taking the first step to protecting themselves and potential investors from fraud, BrandShield CEO Yoav Keren said in an interview with Cointelegraph on Oct. 12. According to Keren, it’s…
The below is a direct excerpt of Marty’s Bent Issue #1272: “De-banking as an attack on speech.” Sign up for the newsletter here. On October 12, Candace Owens made the world aware of the fact that Ye West, more commonly known as Kanye West, had his corporate bank account shut down by JPMorgan Chase. This move is seemingly a reaction…
