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The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central Bank of Argentina Closes Banking Crypto Offers The Central Bank of Argentina is tightening its permissive attitude when it comes to the links between cryptocurrency assets and private banks. The institution has issued a document that deals…
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Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. Algorand (ALGO) ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose by as much as 15% on the day. Following yesterday’s low of $0.63, ALGO/USD rallied to an intraday peak of $0.745 to start the weekend. The surge saw prices move from long-term support of $0.65,…
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed hikes interest rates by 50 basis points in effort to combat inflation On Wednesday, the United States Federal Open Market Committee (FOMC) voted to raise interest rates by 0.5%, marking its biggest upward adjustment in over two decades. It was the second rate increase…
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Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cryptox Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near its lowest levels since late February, the pair had nonetheless avoided a rematch of 2022 lows at the time of writing despite low-volume weekend market conditions. In his latest Twitter update on May 6, popular…
Singapore-based exchange giant Crypto.com is rolling out support for three low-cap altcoins. Crypto.com recently announced the listing of the native token for the Akash Network (AKT), a decentralized open-source cloud network that supports decentralized finance, decentralized apps, and decentralized autonomous organizations. The cloud network also supports decentralized machine learning and artificial intelligence. AKT is trading at $0.88 at time of writing. The 308th-ranked crypto asset by market cap is down 13.7% in the past week and down 1.19% in the last 24 hours. Crypto.com is also launching support for FLUX,…
Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s selloff. After hitting an intraday low of $35,482.13 during yesterday’s session, BTC/USD was marginally higher, but still close to its two-month low. Today’s session has so far seen BTC rise to a peak of $36,357.75,…
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