Category Archives: Cryptocurrency News

PayPal announced a reduction in the volume of cryptocurrency on customer accounts

PayPal was holding $604 million worth of customer crypto as of January 1, about $80 million less than at the end of September, before the collapse of the infamous FTX crypto exchange. The data is contained in the company’s annual report to the US Securities and Exchange Commission (SEC). Almost 90% of the total volume of cryptocurrency is stored in bitcoins (BTC) and ether (ETH). At the end of September 2022, PayPal held $690 million…

Media: SEC is investigating the activities of the Kraken exchange

According to Bloomberg, which cites a knowledgeable source, the US Securities and Exchange Commission (SEC) is checking several products of the Kraken exchange for violations of laws. An anonymous source of the publication said that the investigation is in its final stages and a settlement of the issue is possible in the near future. It is not yet known which Kraken tokens and products have attracted the attention of the regulator. Often the SEC allows…

Revolut digital bank launches cryptocurrency staking on mobile app

The American bank Revolut, which has 25 million customers worldwide, is starting to offer a cryptocurrency staking service in the UK and the European Economic Area. The launch of the staking service is scheduled for this week. Clients can choose from four cryptocurrencies: ETH (Ethereum), DOT (Polkadot), XTZ (Tezos) and ADA (Cardano). Depending on the assets, Revolut clients are promised income from 2.99% to 11.65% per annum. Staking can be done directly in the banking…

An unknown person withdrew 2.04 million DOGE that had been dormant for nine years in the amount of $186,000

The Whale Alert service, which tracks large transactions with crypto assets, showed that the owner of 2,043,137 DOGE, inactive since December 31, 2013, moved assets for the first time. On Sunday, February 5, all coins were transferred in just two transactions. First, the owner of the coins transferred 10,176 DOGE to an anonymous address, and a few minutes later sent the remaining 2,032,961 DOGE to another address. Nine years later, the accumulated Dogecoin on the…

Katherine Wood: “Bitcoin is the only protection for money from inflation and currency devaluation”

The CEO of ARK Invest called bitcoin a good store of value and the best protection against the depreciation of government currencies in developing countries. Catherine Wood, in an interview with Yahoo Finance, noted that hyperinflation is happening all over the world, so bitcoin can become a safe haven for both the poor and the rich. Wood recalled that the supply of Bitcoin is limited to 21 million coins, which makes the first cryptocurrency immune…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…