Cryptocurrency News

Over the past 24 hours, investors have withdrawn tens of thousands of bitcoins from the Coinbase exchange. The outflow was about 30,000 coins. Thus, the BTC balance on the trading floor fell to its lowest level since May 16. The reduction in the market supply of the asset had a positive effect on...

Crypto banking, custody, and payment solutions company Custodia, founded by a 22-year Wall Street expert Caitlin Long, submitted a complaint against the US Fed. The company says Fed was illegitimately postponing a response on its master account request. Custodia's filing to the US District Court of...

Decentralized oracle provider Chainlink announced the start of Economics 2.0, a new page in the protocol's development. It begins with staking. The Chainlink team published a blog post that says staking aims to enhance the security level by applying rewards and penalties to incentivize the...

Leading payment processing company PayPal revealed adding support for crypto transfers between PayPal, and other digital currency wallets and platforms. The company published a press release that says the new feature has been one of the most wanted possibilities by users since the team started...

In the fall of 2021, a law recognizing bitcoin as a means of payment began to operate in El Salvador. The initiator of the adoption of this document was the President of the Latin American state, Nayib Bukele. The Institute of Public Opinion at the José Simeón Cañas University conducted a survey...

In 2022, the pace of launching bitcoin ATMs has sharply decreased. According to the CoinATMRadar service, only 202 cryptocurrency terminals were installed last month. The pace of launch has fallen to the lowest level last seen during the bearish dominance of 2018-2019. Analysts attribute this trend...

The government of Bermuda has announced its intention to stimulate the development of the crypto business. According to the head of the Ministry of Economy Jason Hayward, companies will come to the local market thanks to comfortable tax conditions. This island nation has been developing the...

The Securities and Exchange Commission of the US is investigating Binance in connection with the sale of the platform's BNB coin in 2017, when the company raised $15M. The agency is to find out whether Binance broke securities laws by selling the coins at the time of the launch. According to a...

According to the former CEO of the BitMEX exchange, Arthur Hayes, bitcoin will not be able to stay above $30,000. The coin will resume its retreat in the near future and find a bottom at around $25,000. Ether (ETH) is also likely to be correct, and Hayes identified its fundamental values ​​in...

In May, the Tron blockchain issued its USDD algo stablecoin. At present, the team is looking to modify the coin, adding collateral and enhancing transparency to avoid the scenario that the Terra ecosystem faced. Data from the Tron DAO Reserve website displays, the reserve account now holds 13,040.6...

The Japanese Parliament has passed a bill to regulate stablecoins. The country's authorities want to recognize fiat-backed digital currencies as electronic money. Each token must be backed by the yen or other national currency. Thus, the holder of a stablecoin will be able to convert this...

Tom Tate, the mayor of the Australian city Gold Coast says the city’s residents may pay council rates or local property tax in Bitcoin in the future. In an interview with Australian news provider ABC News, the Mayor said such a use case serves as a signal that the city is innovative and will draw...

Altcoin Cardano (ADA) was trading at $0.457 at the end of May. It suffered heavy losses after the collapse of the Terra ecosystem and exacerbated market volatility. By the beginning of June, the ADA rate had strengthened to $0.682. However, already last week, Cardano was one of the most affected...

The Federal Trade Commission (FTC) issued a report on crypto scammers cashing in on the crypto craze. According to the analysis, Americans have lost over $1 bln to crypto scams since the beginning of 2021. Based on the reports, scammers widely use social media to realize their activities. Almost...

Popular digital assets platform Binance officially sponsors The Weeknd’s tour "After hours Til Dawn," which will start next month. It’s the first time a major crypto firm funds a famous artist. "After hours Til Dawn" is the 7th concert tour by award-winning singer-songwriter...

The White House is exploring the mining of cryptocurrencies and its impact on the environment. A report by Bloomberg informs that a task force now is examining the benefits and shortcomings of the sector to develop proper policy suggestions. Costa Samaras, who serves in the White House Office of...

The US regulator of the futures market, presented claims against the crypto platform Gemini, established by Winklevoss twins in 2014. It claims that the company falsified data provided to the CFTC in around 2017 at meetings and in papers by breaking the regulation principles. The federal agency...

In February, the crypto company Coinbase announced its intention to hire about 2,000 more people. However, the dominance of bearish sentiment in the market forced the American giant to reconsider its personnel policy. Last Thursday, Coinbase's press office announced that it was refusing such a...