Coins

Jack Dorsey’s Square Slams FinCEN’s Newly Proposed Crypto Wallet Rules, Calls It “Unnecessary Friction”

January 5th, 2021

Just as the timeline for commenting on the newly proposed crypto wallet rules comes to an end by January 4 midnight, Jack Dorsey-owned crypto trading platform Square Inc. has issued a fresh statement on the matter. The crypto wallet rules proposed by FinCEN last month ask exchanges to reported any transaction above $10,000 done through…

Litecoin Flips Ripple’s XRP Moving Past $167, Excitement Around Mimblewimble Launch Builds

January 4th, 2021

In the latest cryptocurrency market rally, Litecoin (LTC) joins Ethereum (ETH) and Bitcoin (BTC) to become the fourth-largest cryptocurrency by market cap thereby leaving behind Ripple’s XRP. At press time, LTC is trading at a price of $167 with a market cap of $10.9 billion. The latest uptick in the Litecoin rank comes amid the…

Ethereum Moves Past $1000, Trumps Bitcoin On Weekly Charts With 100 Percent More Gains

January 4th, 2021

It’s 2021 and Ethereum (ETH) has already started massive strength. In the last 24-hours, the ETH price has skyrocketed 30% moving past $1000 levels for the first time in the last three years since January 2018. At press time, ETH is trading at $1006 with a market cap of $114 billion. Interestingly, from its March…

DeFi News: Polkadot Surges Over 77 percent in the Past Week Flips BCH For the 6th Spot

January 2nd, 2021

Polkadot [DOT], a defi protocol that allows for arbitrary data, not just tokens to be transferred across blockchains has recorded mammoth gains over the past week. Its native token DOT has surged by over 77% in the past week even flipping Bitcoin fork BCH to take the 6th spot. The defi token is barely a…

Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH

January 1st, 2021

U.S.-based exchange Bittrex today announced the delisting of 3 privacy coins namely Monero [XMR], Zcash [ZEC], and Dash [DASH] as of January 15th, 2021. Earlier South Korean exchanges were spotted to delist privacy coins citing the FATF’s regularity concerns. Bittrex Becomes First U.S. Exchange to Delist Privacy Coins In an official announcement, the Bittrex team…

Number of Addresses Holding ETH Reaches a New All-Time High at the End of 2020

January 1st, 2021

A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year. Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now 51,491,730 addresses holding…

On-Chain Data Shows Ethereum (ETH) Whale Accumulation Spikes, Major Rally Ahead

December 31st, 2020

If you’re at all thinking of any profit-booking at this time, just hold-on Ethereum (ETH) investors as the rally might be just getting started. Ethereum whales are coming in big numbers to swallow up all the liquidity at this time. Cryptocurrency on-chain data provider Santiment has noted that while ETH has crossed $750 levels for…

Coinbase Issues Statement After Allegations of Underpaid Compensation for Women & Black

December 30th, 2020

On Tuesday, December 29, the New York Times released a report of the internal pay data at one of the leading crypto exchanges Coinbase. The analysis shows that Coinbase has been underpaying its black and women workers. In fact, the pay disparity is even bigger than the overall industry standards, the report stated. Coinbase has…

Litecoin Flips XRP to take the 4th Spot, XRP Price Continue to Tumble Amid Delisting Spree

December 29th, 2020

The SEC security lawsuit against Ripple is proving to be a death knell for XRP as its price continues to tumble to new lows every day. The price of the XRP token has crashed by more than 70% since the lawsuit announcement as more exchanges continue to delist XRP from their platform especially those who…

XRP Price Tanks Another 20 percent As Crypto.com Joins Coinbase On Suspending XRP Trading

December 29th, 2020

Ripple’s XRP is going through a very rough phase as the U.S. SEC has played the spoilsport. Earlier today, one of the biggest crypto exchange Coinbase announced that it shall be suspending XRP trading starting January 19, 2021. The decision comes on the backdrop of the SEC slapping a $.13 billion lawsuit for the alleged…