Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans

Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans

Celsius Network has become the largest crypto-lending company as it completed over $2 billion in digital coin loans with more than $300 million in digital coin deposits in its first year of operation, the company announced. Celsius Network is an industry-leading crypto platform that allows users to get a loan against their crypto holdings. Apart from that users can also earn interest on their crypto deposits as the company shares up to 80% of its…

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UK’s Financial Conduct Authority Will NOT Regulate Bitcoin and Ethereum

UK’s Financial Conduct Authority Will NOT Regulate Bitcoin and Ethereum

UK’s stance on crypto assets has finally been elucidated by the Financial Conduct Authority (FCA). This regulatory body, which is responsible for regulating the country’s economy, has stated clearly in a paper which digital currencies it will be liable for. Perhaps quite surprisingly, Bitcoin and Ethereum are NOT within the watchdog’s purview. This FCA’s statement has been a response to a consultation paper which was published previously in January. The paper published by the FCA…

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Ethereum Price Technical Analysis (August 1): Narrow Movement and Indecision

Ethereum Price Technical Analysis (August 1): Narrow Movement and Indecision

Ethereum (ETH)trade is currently trading at $214.43. The digital coin is trading between the support and resistance levels with an upper limit at $222 acting as resistance and a lower limit of $206 acting as support. Overall, the price is in a sideways trend, very similar to that of Bitcoin(BTC)trade. Dow Theory According to Dow Theory, the virtual coin is currently appearing in the accumulation phase; during this phase, negative sentiment starts to dissipate. This…

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Samsung Galaxy S10’s Blockchain Wallet Incorporates Pundi X’s XWallet App

Samsung Galaxy S10’s Blockchain Wallet Incorporates Pundi X’s XWallet App

Samsung Galaxy S10 users will now be able to integrate Pundi X’s XWallet app with their Samsung Blockchain Wallet. Users will be able to shift their crypto holdings from Samsung Blockchain Wallet to XWallet which they can use as a direct mode of payment with Pundi X’s global payment ecosystem. Samsung has recently rolled out its latest Galaxy S10 with built-in Blockchain Wallet and XWallet will become the first Fintech app of Samsung’s blockchain ecosystem….

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Everything You Need to Know about Ethereum Mining

Everything You Need to Know about Ethereum Mining

There has been a clear steep rise in the interest of blockchain and cryptocurrencies in recent years, which has caused a lot of movement in the entire finance sector. It has to be acknowledged that crypto miners play a significant role in making sure digital currencies indeed work. With Ethereum (ETH)trade currently occupying a top position according to crypto enthusiasts and experts, Ethereum mining is a very crucial wheel in the cryptocurrency wagon. While it…

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SEC Approves the Sale of PoQ Tokens Without Registration as Securities

SEC Approves the Sale of PoQ Tokens Without Registration as Securities

A gaming company known as Pocketful of Quarters (PoQ) has recently received the blessings of the U.S. Securities and Exchange Commission (SEC) to issue crypto tokens in its platform without registration PoQ plans on issuing the token dubbed Quarter in its gaming platform to enable players enjoy real-time gameplay without spending a fortune. Quarters are ERC-20 tokens, which will be issued on the Ethereum (ETH)trade blockchain. The platform, which is already furnished to the highest…

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Former Boss of BTC-e’s Offshoot WEX Crypto Exchange Arrested by Italian Police

Former Boss of BTC-e’s Offshoot WEX Crypto Exchange Arrested by Italian Police

Even though the Russia-based BTC-e crypto exchange has already perished from this world, it keeps producing crypto news, and not the good kind. Now, its second CEO, Dmitry Vasiliev, has also been arrested and detained by law enforcement agencies, this time in Italy. The now-defunct BTC-e was widely known as the largest Russian-language crypto platform in the world. It was notoriously known for its monkey games while it was headed by the former CEO Alexander…

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US Federal Election Commission Allows Using Crypto for Florida Congressional Campaign

US Federal Election Commission Allows Using Crypto for Florida Congressional Campaign

With the ongoing rivalry between governments and the crypto world, should crypto coins be accepted for campaign-related activities? From the look of things, I guess the answer is yes. A number of ambitious public officials have used virtual currencies in campaign-related activities such as campaign donations and as incentives. A campaign for one of the candidates running for Congress in Florida recently wrote to the Federal Election Commission (FEC), requesting permission to use Ethereum-based tokens…

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South Korean Internet Giant Kakao Says its Blockchain Is 15x Faster than Ethereum’s

South Korean Internet Giant Kakao Says its Blockchain Is 15x Faster than Ethereum’s

Kakao’s blockchain subsidiary Ground X has recently alleged that its blockchain platform takes only one-fifteenth of the time than that of Ethereum’s. If indeed true, it seems to be one of the biggest achievements a blockchain service provider could obtain. South Korean major internet company Kakao has raised $90 million through a private coin offering as part of efforts to raise a whopping $300 million, and all the funds were used to develop and launch…

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Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

The Dementia Society of America (DSA) has just announced that it will start accepting a range of cryptocurrencies in donations going forward. The DSA started investing in Bitcoin and accepting Bitcoin donations all the way back in 2016. Now, they’ve added four more cryptocurrencies to the list and put out a press release announcing their plans regarding donations received in crypto. The DSA plans to hold 51 percent of all donations in crypto for at…

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