Cryptocurrency News

The Japanese Financial Services Agency (FSA) has issued a warning to the crypto exchange Bybit for performing without a license. The regulator did not specify whether it plans to make any claims to the trading platform. In February 2021, Bybit received a similar warning from the UK Financial...

In May 2021, the trading volume on crypto exchanges reached a record high of $ 2.27 trillion. The Binance trading platform is ranked #1 in the crypto-to-crypto segment (the main exchange does not offer USD trading). Trading volume in May - $1.5 trillion. Bitcoin exchange Coinbase leads the...

Ethereum developers have identified a vulnerability in the EIP-1559 project that could lead to network congestion. This was told by the participant of the Ethereum Foundation Tim Beiko. The EIP-1559, presented in 2018, involves the burning of some of the transaction fees and helps to reduce the...

While the Chinese government takes measures to regulate the crypto industry, traders find the solution via OTC (over-the-counter) desks. As reported by Bloomberg, after China announced the latest crackdown, there has been a huge uptick in OTC service usage. Trading crypto isn't allowed in the...

SEC vs Ripple lawsuit is in the process. On May 30, another decision on the case was published, where the US Magistrate Judge Sarah Netburn announced denying the SEC's request to access Ripple Lab's legal counsel records. The government agency found the step would bring more clarification. Per the...

The Central Bank of Canada has no plans to launch a CBDC yet. However, the deputy head of the Central Bank Timothy Lane has already promised that the regulator’s token will be much more environmentally friendly than bitcoin. If the largest cryptocurrency causes huge harm to the environment and is...

The White House released a new document on the US budget government. There are offers for changes concerning crypto regulations. The budget was issued on May 28. It is the first one introduced by Joe Biden's presidency. Two crypto points included in the paper define to provide more information to...

Many central bankers have been criticizing bitcoin a lot lately. This week, the head of the Bank of Denmark generally stated that BTC is an insignificant instrument that does not have any impact on the financial sector. Therefore, credit institutions shouldn't work with cryptocurrency at all. The...

The second-largest cryptocurrency in terms of capitalization is much more useful than bitcoin thanks to the presence of smart contracts, said Todd Morley, co-founder of Guggenheim Partners and head of the Overline blockchain project. Another distinguishing feature of Ethereum, Morley called the...

Nebraska Governor Pete Ricketts has signed a bill allowing local banks to hold cryptocurrency. The document was developed by Republican Senator Mike Flood in cooperation with Telcoin. It involves the creation of a new state banking charter focused on financial services backed by digital assets. The...

Apple has opened the position of a business development manager with five years of practice in the crypto sphere, who will manage the affiliate program in the segment of "alternative payments." According to the vacancy, the candidate is expected to have experience of working "with...

In a recent meeting, Ripple CEO Brad Garlinghouse stated the firm aims to go public when the SEC's lawsuit will be over. The legal actions started in December 2020, when the SEC started a $1.3 billion lawsuit against Ripple claiming XRP, the cryptocurrency developed by the company is security. The...

The Iranian authorities have banned the mining of digital assets until the end of the summer of 2021. According to the statement of the President of the country Hassan Rouhani, authorized cryptocurrency mining consumes about 300 MW, while unauthorized mining consumes 2,000 MW. "Starting today,...

New York-based investment management company ARK Invest, which is focused on innovations, put $22 million into Bitcoin. The investment is shown in the company's daily purchase report that publishes trades carried out through ETFs. On May 23, the ARK Next Generation Internet ETF bought 516.001...

Crypto exchange ByBit has warned Chinese traders about the suspension of service from June 15. At the same time, the trading platform's statement notes that transactions will not be available to users using IP addresses under the jurisdiction of the PRC. From mid-June, investors from the Middle...

Stellar Development Foundation (SDF), which is behind the development of the blockchain of the same name, through its venture division invested $ 15M in the Mexican cryptocurrency exchange Airtm. According to the press release, Airtm is going to use the funds raised to develop its technology...

Colorado may become the first state to allow residents to pay taxes in cryptocurrencies. Governor Jared Polis will discuss this possibility with the State Treasury Secretary. “Colorado is and will remain the center of blockchain innovation in infrastructure, digital identity, and personal data...

Indonesia has joined the countries wishing to launch a national digital currency (CBDC). According to Reuters, with the help of the token, the country's Central Bank expects to speed up the processing of internal and external transactions. In addition, the emergence of an innovative tool will...