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The price of Bitcoin and Ethereum took a downward turn this week, sliding amid reports that Kraken has settled with the US Securities and Exchange Commission and will now not offer its staking-as-a-service product to companies without regulatory approval. Kraken's SEC Settlement: A Warning For Exchanges, Or An Opportunity For Decentralized Alternatives? The outcome of Kraken's settlement with the Securities and Exchange Commission (SEC) has significant implications for the cryptocurrency industry. The SEC disclosed on Thursday that Kraken, a cryptocurrency exchange, will pay a $30 million fine for failing to register its cryptocurrency staking-as-a-service program's offering and sale.  Prior to this announcement, Coinbase CEO Brian Armstrong cautioned on Twitter that he had received information that "the SEC intends to eliminate crypto staking for retail customers in the United States." At first glance, the news of Kraken's settlement with ...

Bitcoin rose today, but it decreased steadily. Today’s values are only marginally better than the all-time low hit on Wednesday, when bitcoin dropped by as much as 4.5%. Ethereum also fell with a value lower than yesterday’s high; this decline has been caused by inflationary concerns and uncertainty in China's cryptocurrency market.  However, the reason for its continued decline could be attributed to the increasing threats of hacking as the number of digital currencies has expanded. North Korean hackers have been attacking cryptocurrency exchanges and utilizing phishing schemes to steal digital money for many years. These attacks have become more frequent recently. This was regarded as one of the primary factors contributing to investor confidence and cryptocurrency losses. In their official statements, Fed governors Joshua Rosner, Lael Brainard, and Randal Quarles described the decline in bitcoin prices as a good thing and insisted that central ban...

Revolutionary new crypto project Fight Out allows gym goers to get paid for exercising in the comfort of their own homes or at the gym. While previous M2E projects have focused solely on counting steps, Fight Out is pushing the boundaries of move-to-earn by focusing on entire workout regimes with its exciting new app. It promises to upend the whole fitness industry and Fight Out also has ambitious plans to build real-world gyms that are packed with Web3 Features . Buy FGHT Tokens Now Get Paid to Exercise Previous M2E projects have come under fire for their limited scope - such as only counting steps - the need for expensive NFTs to get started and flawed rewards systems that require huge effort to earn. Fight Out does away with all that and works on a more traditional membership/subscription model that is aimed for gym goers of all levels - from total beginners to professional athletes. The app uses innovative technology and key indicators such as movement, effort, ...

Charlie Munger. Source: A video screenshot, Youtube/Yahoo Finance The US should follow in China’s footsteps and implement “a ban of cryptocurrencies,” according to billionaire investor Charlie Munger. Writing in an opinion piece for the Wall Street Journal on Wednesday, Mr. Munger said crypto “isn’t a currency,” and likened the crypto market to a casino “with a nearly 100% edge for the house.” “A cryptocurrency is not a currency, not a commodity, and not a security,” Mr. Munger wrote, calling crypto instead “a gambling contract” where the odds strongly favor the house. And to make matters worse, these bets are being entered into in “a country where gambling contracts are traditionally regulated only by states that compete in laxity,” Munger wrote. He went to suggest that the US should take action at the federal level to get rid of crypto: “Obviously the U.S. should now enact a n...

Cardano price holds strongly against the US dollar while exchanging hands at $0.374. ADA, the token powering the Cardano ecosystem, is up 52% in 30 days and has managed to hold onto a 7% increase in value over the last 14 days. Despite this bullish report, the launch of Djed, the first stablecoin on the Cardano blockchain failed to cause a positive price change. Nevertheless, its impact cannot be brushed off immediately and may eventually trigger a rally as investors gradually embrace Djed. Cardano is a $12.9 billion crypto ecosystem, currently holding in the eighth position and commanding over $400 billion in trading volume. Although ADA price has remained relatively unchanged over the last 24 hours, its bullish outlook seems intact. Therefore, bulls only need to reach above $0.40, where they are likely to unlock the bullish potential and open the door to gains first aiming for $1.00 in the coming weeks, possibly months, and $3 by the end of 2023. Why Cardano Price...

Upcoming move-to-earn project Fight Out has now raised nearly $3.5 million with the revolutionary fitness app to reward users for completing workouts. The crypto project, which is racing through a highly successful presale, also has plans to build real-world in key cities around the world. FGHT tokens are currently on sale for $0.01739 but increase in price every 12 hours, with early investors also able to earn up to 50% extra in bonuses. We’ve dubbed Fight Out one of the best new cryptos to buy as it plans to transform the M2E and fitness markets. Buy FGHT Now How Does Fight Out Work? Fight Out isn’t the first move-to-earn project but it is certainly the most complete. While other projects, such as STEPN, have focused only on steps, Fight Out will use smart technology that tracks movement, effort, sleep and nutrition to build a full digital fitness profile on its app. Users then get individual workout regimes - focusing on wellness and mental health as w...

The electric vehicle market is continuing to take off , demanding a more efficient and user-friendly system to accommodate an increasing number of EVs. C+Charge has answered the call with their upcoming blockchain-based EV charging platform that will make charging EVs simpler and cheaper than ever before. This one of a kind platform will connect EV drivers to multiple charging networks and facilitate payment transactions using blockchain tech. Additionally, it will reward users for using the EV charging platform by granting carbon credits as well sustainable cryptocurrency bonuses. By utilizing blockchain technology to enable a peer-to-peer payments, they are providing solutions for the widespread problems that current Electric Vehicle owners face such as being unable to access carbon credits or receiving any incentives, having scarce charging solutions with non-transparent pricing, and not having a unified payments system in place. Visit C+Charge Now Invest in C+C...

Shiba Inu price appears to have taken a breather after a consistent push by bulls for slightly over two weeks. This pressure is not unique to SHIB, as Bitcoin price is down 2.2% in 24 hours to trade at $20,796, while Ethereum price is exchanging hands at $1,527 after sliding 3.3%. The most popular meme coin, DOGE is also in the red and trading at $0.081 after a 5.5% correction in 24 hours. Shiba Inu Price Rally Paused as Investors React to DOJ’s Crypto Enforcement Action Investors appear to be holding back the aggressive action witnessed since the New Year, following a major announcement from the United States Justice Department on the international cryptocurrency enforcement action. In a press conference held on Wednesday afternoon, Deputy Attorney General Lisa Monaco alongside other speakers, including Kenneth Polite Jr. from DOJ’s criminal division, US Attorney Breon Peace of the Eastern District of New York, the Treasury Department Deputy Secretary Wa...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. New crypto ex change listings often offer investors the possibility to get in early on the next cryptocurrency to pump. During this guide, we’ll be taking a look at 15 crypto projects that could be the next new coin listing to pump and providing a step by step guide detailing how to prepare for and buy a new exchange listing. Best New Coin Listing for 2023 - Top 15 List Each of the projects we’ve included has yet to be listed on any large exchanges (Binance, Coinbase, eToro, OKX, etc.) and could be the most promising new coin listing set to pump once they are: Dash 2 Trade - Crypto Intelligence Platform now on Multiple Exchanges Meta Masters Guild - New Presale and First Dedicated Web3 Mobile Gaming Platform Fight Out - Presale with M2E Fitness App and Real-World Gyms C+Charge - Top Sustainable Cryptocurrenc...