Day: February 5, 2024

China Never Completely Banned Crypto

That theory would help explain what’s happening in Hong Kong. The city has made very public steps to establish itself as a digital asset hub of Asia, if not the world. Hong Kong and China operate as “one country, two systems,” and Hong Kong’s relatively welcoming stance toward crypto has at least some degree of approval from Beijing. Letting crypto thrive in Hong Kong, if not the mainland, is a way for China to stay in the game while mitigating the risks. Source

LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

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Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed…

Tether invests $25m in Oobit to expand crypto payments globally

Tether announced a $25 million investment in mobile payment platform Oobit, facilitating a more accessible path for crypto within everyday commerce.  Oobit’s mobile application attempts to change how cryptocurrency holders interact with the physical retail world. It enables users to use their digital assets at over 100 million retailers globally that accept Visa and Mastercard. Paolo Ardoino, the newly appointed CEO of Tether, emphasized the series A investment as a testament to Tether’s commitment to introducing new users to the cryptocurrency ecosystem. Tether invests in Oobit. Oobit’s mobile payment app…

Solana’s (SOL) Most-Notorious Hacker House Is Bigger Than Ever

So said Barrett, the host of Solana’s largest community-run coworking meetup, after surveying his fast-filling WeWork in Salt Lake City on Monday. His cowboy boots clopped past rows of desks and laptops and crypto developers at the seasonal retreat. Some 50-odd out-of-towners had already arrived and another 150 were on their way, putting his supply of monitors in jeopardy of proving too small. Source

Treasury Secretary Janet Yellen Warns of Crypto Risks to U.S. Financial Stability

“The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins, potential vulnerabilities from crypto-asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations,” she said in the testimony prepared for delivery, which was posted on the committee’s website. Source

Bitcoin (BTC) Price Slips Amid Bond Sell-Off; LINK Gain Defies Crypto Slump

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LINK Poised For 38% Rally If It Clears This Key Resistance

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Decentralized oracle network Chainlink (LINK) has been making significant strides in the altcoin market, outperforming its peers with an impressive 44.8% price increase over the past 30 days.  Surging to a 24-month high, the cryptocurrency has inched closer to the $20 mark, attracting the attention of bullish investors. Notably, the uptrend for LINK may be far from over, as it can potentially record a substantial 38% price gain by breaking through a critical resistance level. Chainlink Trading Volume Skyrockets Crypto analyst Ali Martinez indicates that Chainlink faces formidable resistance between…

Crypto claims to be inclusive. Not for visually impaired, as it turns out

Crypto, with its promise of financial inclusivity, ironically remains largely inaccessible to the blind and visually impaired. In 2017, Cryptox.trade published an interview with Craig McGee, a blind Bitcoin (BTC) enthusiast from the UK. Born with Norrie disease, a genetic disorder, he faced unique obstacles in his Bitcoin endeavors. “The biggest hurdle for the blind is accessibility,” Craig explained. “Most of the wallets are difficult to use, and the QT client interface doesn’t work too well with a screen reader. So I have to do most things with the debug…