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April 8, 2022
Aminhossein Amin Rad runs an over-the-counter trading desk in Dubai, United Arab Emirates. Searching for a business after dropping out of university, he started to style himself as a Bitcoin broker in 2016. Starting with his first deal after five months of wading through scammers and tire-kickers, Rad went on to found Crypto Desk, a...
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As more defunct companies try to cash in on their former glory by using various crypto avenues, experts are divided if this is really good for the industry. There is no denying the fact that the crypto adoption wave sweeping the globe right now has resulted in a growing list of defunct brands making their...
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The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm. In an important precedent, a New York State Supreme Court judge in Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists.  According to an April 7...
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NEAR’s price could extend gains following the launch of a new algorithmic stablecoin USN. Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund.  NEAR price eyes 100% price rally NEAR’s price reached...
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Attorney Kevin Thompson thinks that the event will make regulators frustrated, leading to the creation of reporting requirements for Shopify. Following the announced integration of the payment app Strike with e-commerce platform Shopify to accept Bitcoin (BTC) through the Lightning Network, the crypto community raised concerns over the legal implications of the move.  Crypto researcher...
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In a Tweet, Kraken CEO Jesse Powell has made the decision to close the Kraken global headquarters in San Francisco. The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters.  Kraken CEO, Jesse Powell retweeted that Kraken will close its global headquarters on 548...
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Short-term Bitcoin price action once again feels like a different animal to bulls’ high-timeframe conviction. Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks return to $38,000 support Data from Cointelegraph Markets Pro and...
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Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation. The Russian prime minister declared that the cryptocurrency holdings of Russians are worth billions of dollars but the government is yet to adopt a regulatory framework for the industry. Russians collectively hold more than 10 trillion rubles ($130...
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A Bitcoin miner is heating his entire swimming pool so his kids can swim–all while securing the Bitcoin network and making money. A Bitcoiner has “pooled” off another mining innovation. The ‘waste’ heat generated by mining Bitcoin (BTC) is used to warm his swimming pool.  Bitcoin enthusiast Jonathan Yuan had kids who “love swimming, but...
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The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs. South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical...
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