NKTN / Getty Images Crypto custody bank Anchorage is now adding ethereum-backed loans to its digital collateral offerings. The bank will provide the crypto-backed loans through BankProv, formerly known as Provident Bank. Anchorage already offers bitcoin-backed loans through Silvergate Bank. See: Banks in Nebraska to Accept Crypto – Despite Warren Buffett’s MisgivingsFind: Americans are Looking for Bitcoin Life Insurance BankProv CEO said, “We firmly believe in our mission that the crypto… Source link

The cryptocurrency has fallen roughly 8% over the past 24 hours, according to Coindesk, and was trading near $33,200 at 4:45 a.m. ET on Tuesday. Other digital currencies, including ethereum and dogecoin, also fell around 8% or more. The value of bitcoin has tanked more than 40% over the last month during a torrent of bad news, including a move by one prominent former backer, Tesla (TSLA) CEO Elon Musk, to stop accepting the cryptocurrency as payment for cars. There’s also increasing… Source link

Monero Receives Anonymous 1711 XMR Donation Worth $500K The Monero team has received a $500,000 donation from an unknown donor. Monero will use the $500K donations to support its network development. Monero will publish a transparency report this month. Privacy-focused crypto project Monero has announced that its General Fund has received a donation of 1711 XMR from an unnamed donor. Roughly, the 1711 XMR received is worth around $500,000. We’re delighted to share that our General… Source link

The Justice Department has assembled a new task force to confront ransomware after what officials say was the most costly year on record for the crippling cyberattacks. It managed to recover $2.3 million of the ransom paid by Colonial Pipeline in an attack earlier this year, the department announced Monday. Andrew Harnik/AP … Source link

The Litecoin (LTC) price is down for the second consecutive day as the crypto sell-off gains steam. The LTC is trading at $155.76, which is 33% below the highest level on May 20. Other cryptocurrencies like Bitcoin, Ethereum, and Cardano have also dropped while the total market cap of all cryptocurrencies tracked by CoinMarketCap has dropped by more than 10% in the past 24 hours. What happened: Litecoin and Bitcoin have a close relationship in that the two coins were… Source link

Ethereum Ethereum fell by 4.37% on Monday. Following a 3.1% gain on Sunday, Ethereum ended the day at $2,592.47. A bullish start to the day saw Ethereum rise to an early afternoon intraday high $2,849.15 before hitting reverse. Ethereum broke through the first major resistance level at $2,766 and the second major resistance level at $2,821. More significantly, Ethereum also broke back through the 38.2% FIB of $2,740 before sliding to a late intraday low $2,575.01. The reversal saw Ethereum fall… Source link

Follow us @crypto for our full coverage. Bitcoin slumped to a two-week low, with some analysts pointing to the recovery of Colonial Pipeline Co.’s ransom as evidence that crypto isn’t beyond government control. The largest token tumbled almost 7% at one point on Tuesday and was around $33,100 as of 9:13 a.m. in London. The wider Bloomberg Galaxy Crypto Index fell as much as 10%. The fact that investigators “could trace the untraceable and seize it… Source link

Bitcoin and ethereum have seen their rivalry increase in 2021 as the battle for dominance among cryptocurrencies heats up. The bitcoin price has soared by almost four-fold over the last 12 months, however, the ethereum price has rocketed 1,000% during the same period—closing the (still sizable) gap between the two biggest cryptocurrencies’ market capitalizations. ADVERTISEMENT Now, as the meme-based dogecoin nips at the heels of the biggest cryptocurrencies, another… Source link

El Salvador’s proposed embrace of bitcoin would not end dollarization in the Central American economy, top government officials said, addressing concerns raised by citizens confused about the plan. “The dollar will continue to be the legal tender in El Salvador. Operations can be done with bitcoin – obviously related to its value in dollars.” Miguel Kattán, El Salvador’s secretary of Commerce and Investment, said in remarks covered by local newspaper El Mundo on Monday.  Providing… Source link

Crypto investing pioneer and former hedge fund manager Mike Novogratz has stacked up billions of dollars by making bold bets on digital assets. He’s built up his crypto ecosystem company Galaxy Digital (BRPHF) into something akin to a crypto Berkshire Hathaway (if there were such an equivalent in crypto) through investments in promising blockchain projects and his recent record setting $1.2 billion acquisition of custody giant BitGo. And similar to the way equity investors turn to… Source link