Cryptocurrency News

Cryptocurrency exchange Coinbase reported a 64% revenue loss in the second quarter, down $1.1 bln from last year. The company said the loss was heavily impacted by non-cash impairment charges. In a shareholder letter, Coinbase said at the end of Q2, Assets on Platform were $96 bln, while at the end...

Iran announced its first official import in crypto. Deputy Minister of the country's Industry, Mine, and Trade, Alireza Peyman-Pak tweeted that the first import order registration worth $10 M was made. He also mentioned that by the end of the next month, the use of crypto and smart contracts will...

Trading in the Asia-Pacific region on Tuesday, August 9, started with a weakening in investor activity. If the day before, capital entered IT stocks, today hedge funds and traders have again begun to transfer funds to fiat currencies. According to TradingView, the US dollar index rose to 106.3...

Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg TV that he expects Bitcoin to stay within its recent price range as the industry hasn't seen large inflows of institutional capital. The businessman said he's doubtful that BTC will get through $30,000. According to him,...

A new press release by the US Treasury reveals that the agency's Office of Foreign Assets Control sanctioned crypto mixer Tornado Cash. According to the publication, following its launch in 2019, Tornado has been used for laundering digital currencies worth over $7 bln. Tornado is an Ethereum-based...

Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

International financial services company Wells Fargo released a new report on cryptocurrencies with the title "Understanding Cryptocurrency." The report says that crypto is a part of the digital revolution. Wells Fargo finds that cryptos could play an important role in the next digital...

Jewelry brand Tiffany & Co. sold all 250 limited-edition jewelry pieces based on the CryptoPunks Series of Non-Fungible Tokens (NFTs). Pre-orders closed 22 minutes after launch. 100 CryptoPunks holders were able to apply for the pendant as early as August 3rd. Each NFTiffs sold for 30 ETH...

American investor Jim Rogers shared his views about the crypto sector. In one of his latest interviews, he said that one day governments will be in full control over crypto. Rogers mentioned that he knows a lot of people who are investing in crypto assets, having fun, and making a profit. Although,...

The Spanish financial market regulator CNMV surveyed the citizens of the country and found out that almost 7% of them have already become cryptocurrency investors. The agency's report states that 6.8% of respondents have tested the capabilities of digital assets. Moreover, the share of such...

In Portugal, commercial banks have begun to close accounts owned by cryptocurrency exchanges. Credit institutions motivate their decision by the fact that investments in digital assets are associated with high risks. The Central Bank of Portugal has not yet reacted to the information received,...

The Philippines is on the list of countries in the Asia-Pacific region leading in terms of the adoption of cryptocurrencies. However, the authorities react negatively to this trend. The Philippine Securities and Exchange Commission has issued an appeal to citizens not to use the services of the...

The investment appeal of the crypto company Coinbase has increased dramatically after it became known about its partnership with the giant BlackRock. The world's largest asset manager will use the services of exchange to store digital currencies owned by institutions. First of all, cooperation will...

Last Wednesday, another Solana blockchain hack became known. The exact amount of the stolen funds is still being specified, but according to experts, the attackers could transfer tokens from hot wallets with a total value of at least $6 million. More than $1 million worth of digital assets became...

Online broker Robinhood will reduce its headcount by approximately 23% amid a deteriorating macroeconomic environment and negative developments in the cryptocurrency market. This is stated in a letter from the CEO of the company, Vlad Tenev. “In these new conditions, we are working with more...

A study by the European Central Bank states that national digital currencies have a higher potential than bitcoin (BTC). Moreover, the CB tokens will be able to even push decentralized cryptocurrencies into the background in the future. According to the regulator's analysts, CBDC will solve many...

After a three-month decline, the market supply of Tether (USDT) began to increase again. According to Gabor Gurbach of VanEck Associates Corp, investors are once again looking at digital assets pegged to fiat money. Either the old capital is returning to the cryptosphere, or we are seeing the entry...

The ZB crypto exchange, which is mainly aimed at Chinese users, has suspended the possibility of depositing and withdrawing funds. The reason for the decision was "the failure of some key applications." Representatives of the exchange promised to restore the functionality of the platform...