Crypto News Center

PBOC sets USD/CNY reference rate at 7.1918 vs. 7.1942 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1918, as compared to Friday's fix of 7.1942 and 7.2257 Reuters estimates. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell...

Ethereum Price Faces Challenges: Will It Find Traction Soon?

Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support. Ethereum is consolidating and facing hurdles near $3,200. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase...

Bitcoin Price Plunge Deepens: What Could Prevent a Recovery?

Bitcoin price declined further below the $55,000 support zone. BTC is down over 15% and might even slide toward the $50,000 zone. Bitcoin gained bearish momentum below the $56,500 and $55,000 support levels. The price is trading below $55,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,700 on the hourly chart of the BTC/USD pair (data feed from Kraken)....

PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1879 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1848, as compared to the previous day's fix of 7.1879. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these...

PBOC sets USD/CNY reference rate at 7.1460 vs. 7.1386 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1460, as against the previous day's fix of 7.1386 and 7.1821 Reuters estimates. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or...

Dev's Defection Highlights Ethereum's Growing Solana Problem

"There's just so much more possibility and potential energy in Solana," Max Resnick told CoinDesk after quitting his Consensys job for a job at Anza. Updated Dec 10, 2024, 3:46 a.m. UTC Published Dec 9, 2024, 10:18 p.m. UTC Ethereum's place near the top of the crypto market is unquestioned from the perspective of market cap. But beneath the surface – at the product, developer and decision-making levels – the...

OrdinalsBot Inscribes WikiLeaks’ Afghan War Logs on Bitcoin

By Philip Maina 11 hours agoFri Dec 06 2024 10:17:37 Reading Time: 2 minutes OridnalsBot is inscribing WikiLeaks’ Afghan War Logs on the Bitcoin blockchain OrdinalsBot is conducting the process with the help of other Bitcoiners pseudonymously known as Project Spartacus The process is supported by Gabriel Shipton, Julian Assange’s campaign chairman OrdinalsBot has collaborated with a group of Bitcoiners known as Project Spartacus to preserve WikiLeaks’ Afghan War Logs...

10 Altcoins Analyst Says Are Safe in Market Jitters

Mystery of Crypto, a popular analyst and cryptocurrency veteran, identifies ten altcoins with strong potential amidst the prevailing uncertain market conditions.  The crypto market is actively recovering from Monday’s shock, leading some to believe this is a good time to buy promising assets. Altcoin Picks for Optimal Performance Amid Market Jitters Amidst market fears, the crypto industry recorded over $1 billion of liquidations. It marked the biggest collapse a single...

Russian lawmaker proposes national Bitcoin reserve

Proposal highlights Bitcoin as a hedge against sanctions and volatility, paving the way for alternative reserves in global trade. Photo: Bitcoinist Key Takeaways A Russian lawmaker has proposed the creation of a national Bitcoin reserve to counteract sanctions and geopolitical risks. The proposal could influence other sanctioned countries to consider cryptocurrencies as tools for maintaining financial stability. A Russian lawmaker has proposed creating a national Bitcoin reserve to hedge against...

Binance Recovered $73 Million in Stolen Funds, Up 33% from 2023

Binance, the world’s largest crypto exchange by trading volume, announced that its security team has recovered or frozen over $73 million in user funds from external hacks as of July 31 this year. This amount surpasses the $55 million secured during all of 2023. $73M Stolen Funds Recovered by Binance According to Binance’s press release, about 80% of these recoveries and freezes are related to hacks, exploits, and thefts happening...