Cryptocurrency News

The cost of Axie Infinity is something that a lot of people are curious about, if Google searches are anything to go by. Axie Infinity is a play-to-earn (NFT) game that has a game design that is comparable to that of Pokémon GO and was launched in December 2020. Since that time, the value of the...

El Salvador President Nayib Bukele said the country will provide over $200 M in infrastructure investments to upgrade Bitcoin Beach. The beach El Zonte was renamed Bitcoin Beach as it accepts Bitcoin. The place has become a tourist hotspot, and investments will serve for the construction of...

The blockchain sector will be developed, and a platform for trading digital assets will be established, according to a deal that the South Korean city of Busan inked with the FTX bitcoin exchange. A news statement states that the partnership with FTX is a component of a larger strategy to...

As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26%, to 30.97 T. In the approximately two-week period between the latest metric adjustments, the average network hashrate was 221 EH/s. According to Glassnode, network computing power (smoothed...

American TV personality Jim Cramer says investors should get out of crypto, NFTs, and special purpose acquisition companies. According to him, the assets could result in the loss of investors' life savings. On the recent episode of "Mad Money," the host said he changed his opinion about...

Last Friday, Fed Chairman Jerome Powell announced the readiness of the American regulator to raise the discount rate if he fails to stabilize inflation at 2%. Over the past few days, the price of bitcoin has decreased by 6%, on Wednesday the coin is trading at around $20,274. The measures of the US...

The CEO of the JPMorgan's blockchain unit, Umar Farooq says except for a few dozen tokens, other cryptos are likely to disappear. He expressed this opinion during the Monetary Authority of Singapore’s Green Shoots seminar on Monday. According to Farooq, the use cases of digital assets haven't...

Cryptocurrencies bounced back slightly on Tuesday morning after a poor start to the week. The bitcoin rate rose to $20,413. Over the past 24 hours, BTC capitalization has reached $390.516 billion (+2.7%). Ether (ETH) is also gaining in value, with the largest altcoin trading at $1,578 at the time...

Iranian government officially confirmed a regulations bill, which allows the use of cryptocurrencies as a means for payments in imports. A week ago, the Iranian Importers Association stressed the importance of a stable regulatory framework for cryptos. Earlier this month the country placed its...

Dubai is included in the list of the largest cities in Asia, where comfortable conditions are created for the work of crypto companies. The authorities of the metropolis this week introduced new rules for posting content that promotes investments in digital currencies. The author of the amendments...

Cryptocurrency exchange Binance has suspended the corporate account of Tezos ecosystem-focused startup Baking Bad. The latter called the actions of the platform unlawful. “July 1, without any explanation, our corporate account on Binance was blocked. Today all our balances were reset to zero...

Fin. regulators in Spain are planning to watch for a large crypto metaverse event, Mundocrypto, that will take place in Madrid. The National Securities Market Comission (CNMV) warned that managers of the event and sponsors aren’t authorized to deliver investment services or collect funds....

The Ukrainian cryptocurrency neobank Trustee Plus will take part in the large-scale IT conference Web Summit 2022. The event will take place from 1 to 4 November in Lisbon. In addition to Trustee Plus, 23 startups from Ukraine will take part in it. Neobank Trustee Plus is based on the principles of...

The Japanese Government revealed it is going to review and make changes in the crypto tax law that are effective for companies in the fiscal year of 2023. The country's Financial Services Agency and the Ministry of Economy, Trade and Industry (METI) will be exploring how digital asset organizations...

The Irish authorities have a negative attitude towards digital currencies and urge citizens not to invest in such instruments. The head of the Central Bank Dervill Rowland warned compatriots that buying bitcoin is fraught with great risks. According to Finder, the share of cryptocurrency investors...

Binance is confidently holding the first place in the ranking of cryptocurrency exchanges both in terms of trading volumes and in terms of popularity among Internet users. This platform is ahead of its competitors in terms of popularity in many countries. According to SimilarWeb, more than 300...

In a recent interview Steven McClurg, the CIO of the asset management Valkyrie said Bitcoin may decline further although we are close to the bottom. The executive says markets depend on macro trends and inflation. As rates are going higher than expected, all risk assets are going to fall....

Crypto Youtuber Ben Armstrong, who is also known as BitBoy Crypto, sued Erling Mengshoel (Atozy) over defamation claims. BitBoy later said they will drop the lawsuit as the processes have become public. The matter was over a video of BitBoy, where he talked about a certain token. Atozy found that...