February 2021 | Page 2 of 167 | Last Cryptocurrency News Feed

Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject. Nigeria’s Vice President, Prof. Yemi Osinbajo is the latest to share…

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ETH Price Analysis: After Losing 30% This Week, Ethereum Facing Crucial Support At Previous ATH

ETH/USD – Market Returns To January 2018 Previous ATH Key Support Levels: $1400, $1291, $1250, $1200. Key Resistance Levels: $1400, $1465, $1500, $1600. Ethereum is now down by a total of 30% over the past seven days of trading. The cryptocurrency had spiked above $2000 only last week as it hit the upper boundary of…

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Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting…

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Dogecoin hasn’t always been a ‘fun meme coin’

Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days.DOGE/USD…

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Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

As cryptocurrencies continue to pick up steam and encompass the features of regular asset classes, governments have likewise imposed taxes on capital gains from digital currency. South Korea is the latest country to adopt this initiative. Its Ministry of Economy and Finance said it will levy taxes on cryptocurrency profits from next year. Investors Will…

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Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewThe BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the time of writing. 'Full rest' for…

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Bitcoin Plunges Below $44K as Miners Capitulate: Market Watch

After a relatively positive Saturday, bitcoin has headed south again by dropping below $44,000 to its lowest price since February 10, 2021. The altcoin space has it even worse with substantial double-digit declines, and the market cap has lost another $120 billion to $1.350t. Bitcoin Price Falls Beneath $44K as Miners Sell-Off The primary cryptocurrency…

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Professional traders need a global crypto sea, not hundreds of lakes

Coinbase’s IPO announcement has been hailed as “a milestone for the crypto industry” by Fortune Magazine. Similar to the Netscape IPO announcement that signaled the legitimacy of the internet, Coinbase’s impending public offering signals to the public at large that cryptocurrency trading is legitimate, legal and secure in the eyes of the Securities and Exchange…

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Binance CEO: Ethereum is For The Rich Guys, But Soon They’ll Be Poor

This is Binance Smart Chain’s time to shine, and the Binance CEO CZ knows it and is ready to take advantage of it. The increasing use of DeFi protocols, dApps, and applications built on top of Ethereum, has overloaded the network to the point where its fees are almost unsustainable. Several blockchains are vying to…

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Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy…