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U.S. Banks Entering Cryptocurrency Adds Real Legitimacy To The Industry

The United States government is once again adding more legitimacy and credibility to the rapidly growing cryptocurrency industry. This is through clear regulations that will further incorporate the sector into the country’s financial system and economy. Sponsored Sponsored In an interview with Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said that banks must be allowed to hold crypto on their balance sheets, provide custodial accounts in digital assets and facilitate crypto trading for clients. Thus, demonstrating the rapid rise of digital assets this year. In addition to

Shiba Inu Leads the Pack — Top Altcoin Gainers of October 2021

October was a very bullish month for cryptocurrencies. Bitcoin (BTC) increased by 32% and reached a new all-time high price on Oct 20 and six altcoins increased by triple digits, led by Shiba Inu (SHIB).Sponsored Sponsored The ten altcoins that increased the most during the month of October were: Shiba Inu (SHIB): 1005%Secret (SCRT): 350%Frax Share Price (FRX): 224%Fantom (FTM): 190%Curve DAO Token (CRV): 120%Harmony (ONE): 100%1Inch (1INCH): 97%Near Protocol (NEAR): 79%Thorchain (RUNE): 75%Axie Infinity (AXS): 67% SHIB SHIB has been moving upwards since the beginning of October. It has

How to Best Protect Your Money From Hackers as Crypto Markets Boom

“I got hacked and don’t even know how it happened,” mourned one crypto user on Twitter. “I left my wallet open in my browser on MetaMask and they got into my wallet. Lost all saitama, floki and hokk.”Sponsored Sponsored A small crypto investor, @ltjyaussie says he has always been careful with wallet security issues but did not know what hit him this time around. The Cyprus-based investor was a victim of a systematic attack. Against all his perceived defenses, he still got taken for a ride. He’s just one of

Bitcoin (BTC) Regains Footing, Makes Run Toward New Highs

Bitcoin (BTC) has broken out from a short-term bearish pattern and validated it as support after, suggesting that the ongoing correction is complete.Sponsored Sponsored BTC has been decreasing since Oct 20, when it reached an all-time high price of $67,000. Since then, it has reached a local low of $57,820 on Oct 28.  BTC bounced at the 0.382 Fib retracement support level and has been moving upwards since reaching the lows.Sponsored Sponsored Despite the ongoing increase, technical indicators are not yet bullish. Both the RSI and MACD are decreasing, which

Paraguay Eyed as New Bitcoin Mining Destination

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

Paraguay Eyed as New Bitcoin Mining Destination

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

Ex-PBA Import Renaldo Balkman Launches PH-inspired NFT Series

Share some Bitpinas love:By Nath CajudayFormer Philippine Basketball Association (PBA) import Renaldo Balkman introduced earlier this month his own Balkmania Worldwide NFT Collection, a series of non-fungible token (NFT) that includes Philippine-inspired items – his gaming experience in the Philippines.Balkman, who played in National Basketball Association (NBA) for six years under Denver Nuggets and New York Knicks, released 46 NFTs for sale, 11 of which are Philippine-inspired, all of which were made by digital designer Steve Cupart, and are currently available on selling on NFT marketplaces SolSea and OpenSea.The most

What is OliveX (BVI)?

DOSE is an ERC-20 token that serves as a reward for players of flagship fitness games of the OliveX gaming ecosystem. The metaverse will soon explode into proportions that no one can even imagine today. In fact, it will likely be even more revolutionary than social media and the internet itself. With the anticipated dominance of this new virtual universe, various companies are rushing to establish their footholds in this growing industry, and one of these firms is OliveX.  Table of Contents Background  OliveX (BVI) is a company that advocates digital

El Salvador prefers Bitcoin over the US dollar

El Salvador is on a mission to popularize the use of Bitcoin within the country’s borders and it may be reaching its goal, one citizen, at a time. According to President Nayib Bukele, the adoption of Bitcoin was gaining momentum as the citizens were increasingly exchanging their U.S. dollars for Bitcoin. The President provided data based on its in-house wallet service, Chivo, and noted, “1. People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs (any media outlet can independently confirm this