Cryptocurrency News

Rostin Behnam, Chair of the Commodity Futures Trading Commission, finds that the agency should have more authority to supervise the crypto sector. At the forum "The Future of Crypto Regulation" the official said that there is a need for clear market regulations over digital commodity...

Most experts agree that in the middle of this week the US Federal Reserve System will once again raise the discount rate. Investors are redistributing their portfolios in favor of the dollar. The US dollar index is growing for the second day in a row. In parallel, there is a correction in the stock...

The Chief Executive Officer of Binance, Changpeng Zhao (CZ) filed a lawsuit against Modern Media, Bloomberg Businessweek/Chinese-language publisher. CZ accuses the company of defamation. According to a report by Hong Kong Economic Times, CZ said Bloomberg Businessweek published an article on July...

Amid the bear market, many crypto companies and hedge funds have run into trouble. Well-known financial corporations began to acquire a stake in this business. According to many experts, the entry of large capital into this sector of the economy will help maintain its liquidity and minimize new...

Sharing his thoughts about Bitcoin, Blockstream CEO Adam Back agreed that it's apolitical and unseizable currency. At the Asian Leadership Conference, the CEO of an El Salvador-based Bitcoin trading startup Jan3, Samson Mow said governments can freeze people’s money and they won't be able to do...

According to the founder and former CEO of BitMEX crypto exchange Arthur Hayes, bitcoin hit bottom in June. The fall of BTC to $18,000 last month was a landmark event for the entire market. Many traders and speculators left the cryptosphere after such a collapse. It was at this moment that the...

Audius, a decentralized music platform was hacked. As a result, cryptos worth $6.1 M were transferred. Hacker could make away with $1 M. On July 27, Audius confirmed a proposal, which requested the transfer of 18 M Audius' native AUDIO tokens. On July 24, Spreek Away tweeted that the attacker made...

US officials arrested a former officer at Coinbase for conducting insider trading. According to a release by the US Department of Justice, there are three charges in the first crypto insider trading tipping plot. The document says the former employee Ishan Wahi together with his brother Nikhil...

Tim Sweeney, CEO of the Epic Games Store, stated that the company has no intention of giving up on non-fungible token initiatives (NFTs). Sweeney reiterated the firm's policy in response to a Twitter user's request to "get rid of every game in the store." "You should have the...

Taiwanese regulators plan to ban the use of credit cards for cryptocurrency purchases. Local media reports that the Financial Supervisory Commission sent a letter to the Association of Banks saying that virtual currencies are highly speculative and risky. They added that the cash flow is complex...

At the beginning of this week, it became known that the American company Tesla sold the lion's share of bitcoins. The electric car manufacturer announced its investment in BTC last winter. From the financial statements for the second quarter of 2022, it follows that the company sold 75% of...

In early April, the press service of the UK government announced its intention to recognize stablecoins as a means of payment. On the eve of the Parliament submitted the relevant bill. Its authors hope that the legalization of digital currencies with fiat and other collateral will strengthen the...

The government of South Korea put off taxes on crypto earnings to 2025, according to the 2022 tax reform plan. Officials delayed the plans before. In December they announced postponing taxes until 2023. The government plan to tax 20% crypto profits over KRW 2.5 million (US$1,900) in a one-year...

Bitcoin proponent Mike Novogratz believes that the fall in the value of digital currencies was the result of his flood of alarmists and losers. Those companies and funds that collapsed in May and June were created as dubious and speculative projects that attract investment. This “bunch of...

Miami-based startup Halborn closed a $90 million Series A funding round. The lead investor was Summit Partners with the participation of Castle Island Ventures, Digital Currency Group, and hedge fund Brevan Howard. The startup did not disclose its valuation for the round. Halborn chief executive...

The second quarter of 2022 was tough for the electric car producer Tesla, which reported a drop in profit after a previous shutdown of its Shanghai factory. Tesla reported that at the end of Q2, they converted about 75% of the Bitcoin purchases into fiat. Reports show that Tesla's second-quarter...

U.K. financial regulators are proposing rules on stablecoins. Financial services and markets bill will be presented to parliament. Previously, in April, the U.K. Treasury announced goals to turn the country into a crypto hub. The new rules would allow consumers to make payments with stablecoins....

Indian Finance Minister Nirmala Sitharaman reaffirmed her department's tough stance on digital currencies. Back in April, she expressed concern that cryptocurrencies were often used in criminal schemes. The Ministry of Finance and the Reserve Bank of India believe that bitcoin cannot be used as a...