Cryptocurrency News

A weekly report from asset manager CoinShares says that over the past seven days, the net inflow of funds into crypto funds amounted to $81 million. According to the results of the last month, institutional investors directed $474 million to products focused on digital assets. Thus, the...

For the first time in the crypto options market, Ether (ETH) has proven to be a more popular asset compared to Bitcoin (BTC). On the largest exchange, Deribit, open interest in ETH options reached $5.7 billion. The number of open contracts for bitcoin was 32% less - $4.3 billion. Traders are...

GameFi and the Metaverse were the best performers in the second quarter during the bear market. The number of transactions associated with them increased by 9.5% and 27%, respectively, according to a report by DappRadar. For comparison, this metric applied to DeFi and NFT showed a decrease of 14.8%...

International financial institutions are persistently urging El Salvador to revoke its law regulating bitcoin, which went into effect last year. According to Finance Minister Alejandro Celaya in an interview with Bloomberg, the nation would not forsake BTC despite requests from the IMF and the...

Amid the dominance of bearish sentiment in the market, many cryptocurrency exchanges began to lay off employees as part of business optimization. Moreover, some companies were forced to cut more than half of their staff to reduce costs and concentrate on the most profitable areas. At the end of...

In May, the founder of Guggenheim Partners, Scott Minerd, stated that after the collapse of the Terra ecosystem and the aggravation of volatility in the cryptosphere, Bitcoin could collapse to $8,000. In his opinion, the bearish phase in the market will drag on. However, BTC did not fall to $8,000,...

Brazilian clients of Santander Bank will have access to a platform for transactions with digital currencies. According to Folha de S Paulo, the service will be launched in the coming months. In the future, the financial giant is ready to expand the geography of using its cryptocurrency platform....

A group of US Senators has written a letter to Abigail Johnson, CEO of Fidelity Investments, demanding an explanation for the decision to include bitcoin as an option in 401(k) retirement savings accounts. The management company intended to add a similar feature this summer. The option will be...

In early August, the Acala parachain project will launch a new staking program for ACA tokens. Users will be able to earn ACA-aUSD liquidity provider tokens. The asset allows you to purchase ACA, aUSD stablecoin, or pay trading fees. The project team will allocate excess network reserves in the...

The UK Legal Commission advocates for the recognition of NFTs and digital currencies as a new type of property. This body published a statement in which it supported the plans of the government of the kingdom to legalize the cryptosphere. Such an initiative was previously made not only in the...

Binance CEO Changpeng Zhao and head of the Eastern European branch of the exchange Gleb Kostarev discussed cooperation options with the Turkish authorities. The world's largest cryptocurrency platform plans to gain a foothold in the Middle East and Europe. In addition, she is ready to help states...

The US Federal Reserve's rate hike of 75 basis points was expected. Analysts agreed that due to the acceleration of inflation, the regulator will be forced to tighten monetary policy again. At the same time, they expected a further decline in the value of shares of the technology sector and...

The cryptocurrency market has won back some losses after the fall at the beginning of the current week. Bitcoin fell to $20,900 last Tuesday but rebounded quickly as support strengthened in the $21,000 area. At the time of publication of this review, BTC was trading at $21,248. In weekly terms, the...

Many cryptocurrency exchanges were forced to either leave the Indian market or limit their presence in it. They made this decision against the backdrop of tightening control over the cryptosphere and high taxes on market participants. However, according to the CEO of the KuCoin platform, Johnny...

The US SEC is looking into Coinbase over the sale of digital currencies that the agency views as securities. A Bloomberg article says that people familiar with the subject noted that the SEC increased scrutiny around Coinbase after the platform added the number of cryptos it offers for trading. A...

At the end of last year, China and Hong Kong began the second phase of testing the digital version of the yuan (CBDC). To increase the popularity of the token, the People's Bank of China wants to endow it with approximately the same functions that conventional cryptocurrencies have. Transactions...

US senators introduced a bill that suggests making cryptocurrency transactions under $50 tax-free. The authors of the paper are Sen. Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) Previously, the Senate presented another bill to simplify the tax system for daily crypto users who should report...

The restriction of withdrawals was notified by the Zipmex cryptocurrency exchange in Thailand last week. Local regulators then made the trading platform's problems public and began interacting with the customers who had been harmed by the outage. Information on the impacted traders is being...