Category: Tech News

Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited.” New Penalties for Illegal Cryptocurrency Mining in Iran An official with Iran’s Power Generation, Distribution, and Transmission […]

Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed El-Erian discussed the […]

PRESS RELEASE. INTERNET CITY, DUBAI, Apr. 18, 2022 – LBank Exchange, a global digital asset trading platform, will list CTOMORROW PLATFORM (CTP) on April 20, 2022. For all users of LBank Exchange, the CTP/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on April 20, 2022. Using cutting-edge technologies to revolutionize current […]

Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per […]

On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets. Ethereum Foundation Holds $1.294 Billion in Ether The Ethereum Foundation is […]

The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins, […]

PRESS RELEASE. Dvision Network has announced the third LAND Sale to be conducted on both the Polygon Network and the BNB Chain. The most exciting aspect of the third LAND Sale is that 50% of the available LAND NFTs will be sold through the Shopify Marketplace. Moreover, the LAND NFTs pre-minted on Polygon Network will […]

The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within the next 24 months.” Furthermore, the […]

ZIL was down by as much as 10% to start the week, as prices continued to fall following recent highs. LINK was also predominantly red on Monday, as it marginally fell below the long-term support level, hitting a one-month low in the process. Zilliqa (ZIL) ZIL was one of the biggest crypto movers on Monday, […]

Following a weekend of bearish pressure, BTC’s price fell to its lowest level in over a month. ETH also neared a one-month low, which came as prices once again slipped below $3,000. Overall, the cryptocurrency market cap is down nearly 4% as of writing. Bitcoin Bitcoin fell to a one-month low to start the week, […]