Cryptocurrency News

In this guide, you will learn about the basics of running a Tron node, which is one of the oldest smart contract platforms in the world. Requirements To run a Tron node, the basic requirements...

Last February, aged billionaire Charlie Munger said that investors should not buy bitcoin and other virtual coins. The cryptocurrency is trying to get the status of digital gold, however, due to the volatility of BTC, it has not earned the right to be called a safe-haven asset. This week, the...

The Federal Reserve of the US has been exploring Bitcoin. The Cleveland Fed released a study titled "The Lightning Network: Turning Bitcoin into Money" which investigates LN's role for BTC payments. Lightening is a secondary transaction layer launched in March 2018, which operates outside...

Many experts agree that the cryptocurrency market has entered a long bearish phase. One of the factors reflecting the fears of investors was a sharp reduction in funding for blockchain startups. According to the results of the second quarter, venture capital investments in this business segment...

Cryptocurrency lender Celsius applied for Chapter 11 bankruptcy. A release by the company says that the filing is voluntary and aims to steady the business through restructuring and generate maximal value for all stakeholders. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11...

The Bank for International Settlements (BIS) supports central banks' plans to create national digital currencies (CBDCs). Back in 2021, this financial institution published a report in which it predicted that the introduction of Central Bank tokens will lay the conditions for the modernization of...

Kazakhstan’s president Kassym-Jomart Tokayev approved a new law that increases taxes on crypto miners based on the consumed electricity and costs. The law defines that the new tax rate is set by the medium rate of electricity used to mine cryptos during a certain tax period. Also, there are...

At the beginning of 2022, it became known about the plans of the American video game retailer GameStop to launch its own NFT platform. Initially, the giant promised to develop a marketplace for transactions with tokenized collections by the end of this year. Then the company's management decided to...

The US public now has the opportunity to express their opinions on crypto industry rules. Earlier in May, the president ordered federal agencies to start designing a crypto regulations framework. Recently, the Treasury published a release that says interested members of the public can take part in...

This week the air in Texas has warmed up to 40 degrees Celsius. Due to the extreme heat, mining companies were forced to turn off the equipment. According to Bloomberg, the giants Argo and Riot have suspended the work of their miners. According to the head of the Texas Blockchain Association, Lee...

A report from asset manager CoinShares says there has been little interest from institutional investors in the crypto space over the past week. Crypto funds have been able to raise $15 million over the past seven days. Analysts note that Ethereum products aroused the greatest interest among...

São Paulo-based financial services company PicPay plans to support crypto payments. The company published a blog post that says they aim to enable users to pay with cryptocurrencies for everyday services as the team believes crypto is much more than investments. Users will be able to store and...

Trading volume on Binance surged at the end of last week following the cancellation of Bitcoin fees. On July 6, the administration announced that due to the platform’s fifth anniversary, commissions for spot trading of BTC paired with 13 currencies are being canceled. Each user will be able to...

Cryptocurrency exchange KuCoin has said it has no plans to lay off employees. On the contrary, the company intends to hire up to 300 more people soon, KuCoin CEO Johnny Liu wrote on Telegram. Thus, he refuted reports spread in social networks and the media about the plans of the company's...

The European Central Bank released a new report on the crypto industry mentioning the risks related to stablecoins, DeFi, and climate impact. According to the ECB, the rise of crypto presents risks to financial stability and may reach a systemic threshold. To prevent the associated consequences,...

The developers of the DeFi protocol Yam Finance prevented a cyber attack aimed at transferring control over the project’s reserves to an unknown third party. According to the team, the attack, which began on June 7, was discovered two days later. The delay is because the hacker presented a...

Galaxy Digital CEO Mike Novogratz said in an interview that he does not believe in the possibility of reducing the price of the first cryptocurrency to $13,000. "Can we fall lower? Of course. There is a feeling that we have overcome this deleveraging by 90%. The problem is that further growth...

Over 48 projects from the collapsed Terra ecosystem have begun relocating to the second-tier Ethereum network Polygon (MATIC). This was announced by CEO Polygon Studios Ryan Wyatt. Among the most notable projects, he named the P2E game Derby Stars and the OnePlanet NFT marketplace. The latter's...