Market updates

Mad Money’s Jim Cramer Recommends Avoiding Crypto, Other Speculative Investments

Coins Legend August 31, 2022 0

The host of Mad Money, Jim Cramer, has advised investors to avoid cryptocurrency and other speculative investments. “Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.” Jim Cramer Advises Investors to Avoid

News

FBI Warns About Decentralized Finance Exploits and the Losses Associated With Them

Coins Legend August 31, 2022 0

The United States Federal Bureau of Investigation (FBI) has issued a public service announcement about exploits attackers have recently used to steal cryptocurrency from investors that put money on decentralized finance (defi) platforms. The organization also advised crypto investors to do their own research and verify that the decentralized finance platforms chosen were

Market updates

Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador

Coins Legend August 31, 2022 0

El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to […]

Mining

Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say

Coins Legend August 31, 2022 0

Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining

Market updates

Fear of War, Monkeypox Causes Stock and Crypto Markets to Churn While Precious Metal Spike Higher

Coins Legend August 4, 2022 0

Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&P 500, Dow Jones, and NYSE have shed a few percentages today, while the global cryptocurrency market capitalization lost 2.5% in 24 hours, dropping to just above the $1.1 […]

News

Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

Coins Legend August 4, 2022 0

A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term […]

Market updates

Biggest Movers: DOT Drops Below $8.45 Resistance Level, as CRO Rises to Multi-Week High 

Coins Legend August 2, 2022 0

Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process. […]

News

Report: Crypto Hardware Wallet Maker Ledger Seeks $100 Million Capital Raise

Coins Legend August 2, 2022 0

The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise

Regulation

Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency

Coins Legend August 1, 2022 0

The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels […]

Regulation

Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products

Coins Legend August 1, 2022 0

The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or by companies that issue equity in […]