crypto blog
Commissioner Allison Lee announces her departure from the SEC
Securities and Exchange Commissioner Allison Herren Lee announced that she would be stepping down from her post at the end of her term in June. In a Tuesday announcement, Lee said that she will remain in the role until her successor has been confirmed. The SEC commissioner has spent less than three years at her current position, having been sworn in in 2019 to serve out the remainder of a five-year term expiring in June. With her departure, Lee, a Democrat who replaced former commissioner Kara Stein, will create a second vacancy at the SEC, with another left open by Republican Elad Roisman, who announced he would be leaving in January. Commissioner Hester Peirce, known to many in the space as the “Crypto Mom,” is currently the sole Republican on the five-member commission....
The best tokens you can buy under $1 on March 15 of 2022: ADA, ONE and BAT
ADA, ONE and BAT are all solid tokens that you can buy for under $1. Each token has showcased a high level of growth. All three of these tokens have the potential for growth going forward. Some of the best cryptocurrencies currently available within the broader crypto market are under $1. As such, today, we are going to go over why Cardano (ADA), Harmony (ONE), and Basic Attention Token (BAT) are the go-to tokens to buy under $1 on March 15, 2022. Should you buy Cardano (ADA)? On March 15, 2022, Cardano (ADA) had a value of $0.7903. The all-time high value of the Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. When we go over the value of the token throughout the previous month, Cardano (ADA) had its highest point of value on February 8, when it reached $1....
Binance temporarily halts MATIC deposits and withdrawals
Last week, Polygon experienced an extended outage that resulted from an issue related to the Heimdall node Binance’s suspension follows a series of updates on the Polygon network that were meant to remedy the situation Early Tuesday, the world’s largest crypto exchange Binance notified its users that it had temporarily paused deposits and withdrawals via the Polygon network. The exchange said it had taken the decision as it works with Polygon to solve “network-wide issues.” The Chaopeng Zhao-led exchange added that it would restore support for Polygon’s MATIC token– once the network is stable. Binance explained that any deposits that would be done during the suspension of service would be credited as soon as service is restored. Polygon developers were keen to...
FTX becomes the first licensed digital asset exchange in Dubai
The crypto exchanges’ Europe subsidiary will offer complex crypto derivatives to institutional clients. FTX also has plans to set up its regional headquarters in the city Sam Bankman-Fried’s crypto trading platform FTX has become Dubai’s premier recipient of a virtual asset exchange (VAX) licence, according to a press release sent out today. The American exchange’s Europe and Middle Eastern subsidiary, FTX Europe, will now be operating legally in the city and would play a role in Dubai’s push to spur the growth of global virtual assets regulation. “Really excited to receive the first (and so far only) digital asset exchange licence from Dubai!” SBF tweeted following the news. The licence allows FTX to offer enterprise investors exposure ...
Crypto.com rolls out its exchange platform in the United States
Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States. In an announcement, Crypto.com mentioned that its exchange platform is already available to users who are waitlisted and will be available to more users soon. Currently, the trading platform can only be used by selected institutional investors. However, in the next few months, the exchange will be offering its services to more investors who want to trade using Crypto.com. The exchange is also inviting institutional investors based in the U.S. to join their waitlist and use the platform. Apart from the standard services of the exchange, Crypto.com also mentioned in the announcement that its VIP users will have access to various events, rewar...
Hashdex to launch Web3 and smart contracts ETF on Brazil’s stock exchange B3
Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement. As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s main stock exchange, and will give investors a secure and diversified way to invest in Web3 and its underlying smart contract platforms. The new ETF’s reserve period started Monday, March 14, 2022, and runs until Friday, March 25, 2022. Hashdex’s co-founder and CEO Marcelo Sampaio said the company believes that Web3 represents the future of the internet and is a further indication of blockchain technology’s potential. He added that: “The WEB311 ETF not only provides exposure to the smart contract platforms underpinning Web3, but serves as an...
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside retracement has opened up possibilities about an extended bull run toward $11.50, about 45% above the current price level near $7.89, as shown in the chart below. RUNE/USD weekly price chart featuring descending triangle setup. Source: TradingView The $11.50-level coincides with RUNE’s multi-month falling trendline resistance, forming a descending triangle, a bearish setup, in conjunction with the lower horizontal support. That could have RUNE’s price correct again to $3.15 after reach...
NCA wants regulation for coin mixers, but the crypto industry is already one step ahead
The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized world as they maintain the privacy of transactions. These tools often mix several transactions to obscure the origin of a particular transaction. Then the recipient receives the transactions from a mixing “black box” comprised of hundreds of transactions from various wallets. While privacy-focused, these tools often face regulators’ ire as they are also a known way for hackers and criminals to wash their funds. Gary Cathcart, the NCA’s head of financial investigation, claimed that these transaction mixing tools offer a layer of anonymity to criminals that can be use...
LimeWire chooses Algorand to host its relaunch as an NFT marketplace
The imminent LimeWire marketplace would be initially focused on music collectables The marketplace chose Algorand for energy efficiency, carbon-negative state, scalability, safety and speed Following the announcement of its comeback as a mainstream-ready NFT marketplace focused on music collectables last week, LimeWire has now chosen the Algorand blockchain to power the platform. LimeWire explained that it settled on Algorand for its sustainable blockchain environment. As a PoS chain, Algorand is one of the most environmentally friendly blockchains and became the first carbon-negative chain last year. Also, as LimeWire intends to offer free minting, Algorand’s performance and scalability will come in handy. “We have partnered with Algorand as our official blockchain partner. Wh...
Bitcoin’s current price trend is reflective of its pattern before last year’s huge downturn, analyst observes
Crypto Capo believes an extended third wave of the current correction could push BTC to achieve bearish targets as low as $21k FTM and LUNA are both showing signs of a further downward correction Well-known crypto markets analyst, Crypto Capo, has said that Bitcoin’s recent recovery in the markets during the February mini-surge could soon be defied by a strong descent move. He notes that the BTC market is showing a similar pattern as it did during the massive correction of May 2021. Capo adds that February’s relief rally and the successive price action is evocative of the period before when the market nosedived, starting May last year and eventually pitting bottom below $30k in July. BTC/USD trading chart A more recent update from the crypto analyst indicates that Bi...
Binance is now a licensed virtual asset service provider in Bahrain
The score is Binance’s first regulatory approval in the Gulf as a VASP The exchange has been courting the Middle East with initiatives in countries within the region, including Dubai Binance, the largest crypto exchange by trading volume, is stretching its wings in the Middle East further. The exchange announced on Monday that it had won full approval from the Central Bank of Bahrain (CBB) to legally operate in the Kingdom of Bahrain. By receiving the licence, Binance became the first crypto asset provider allowed to offer fully regulated services within the larger Cooperation Council for the Arab States of the Gulf (GCC). The Bahrain approval comes amidst efforts by Binance to seek regulatory approval and compliance around the world. CEO of the exchange, Changpeng Zhao, explained th...
Ethereum ‘Merge’ edging closer with final Kiln testnet launch
The much-anticipated ‘Merge’ on the Ethereum network is another step closer to becoming a reality after the final public testnet Kiln launched to put it through its paces. On March 14, the Ethereum Foundation urged network stakeholders to run tests using Kiln “to ensure a smooth transition on existing public testnets.” “We strongly recommend that developers run through a full testing & deployment cycle on Kiln and report any issues with tools or dependencies to those projects’ maintainers.” Ethereum developer Tim Beiko confirmed that Kiln has gone live and will soon be ready to merge with the Beacon Chain in a March 14 tweet. The testnet launched late last week in proof-of-work mode only. Kiln, the next iteration of Ethereum merge testnets, is now live Highly recommended that node oper...
