Cryptocurrency News

The largest US cryptocurrency exchange, Coinbase, which recently launched its trading platform in India, has reported pressure from local regulators. Against the background of the resulting conflict, Coinbase announced that the provision of certain payment services is going to be suspended. As of...

Florida-based investment management firm Ark Invest’s CEO and CIO Cathie Wood announced dropping all of the company's PayPal holdings for Cash App. She talked about the news at Bitcoin 2022. Cash App owned by Block relies on Lightning Network, a layer 2 solution for BTC payments to make...

Leading blockchain infrastructure builder Blockstream and financial services provider Block (previously Square) will build a facility in Texas for mining Bitcoin using Tesla's solar and storage technology. Adam Back, Blockstream's co-founder, and CEO unveiled the news at Bitcoin 2022. Together with...

Popular digital asset trading platform Kraken has officially announced the closure of its San Francisco headquarters. The CEO of the exchange, Jesse Powell, wrote about this on his Twitter account. Among the main reasons that served as such a radical decision is the fear of Kraken management for...

Algorithmic stablecoin platform Frax Finance plans to purchase "billions of dollars worth" of tokens to create a reserve fund for the FRAX algorithmic stablecoin. The founder of the project, Sam Kazemyan, told The Block about this. The FRAX stablecoin is backed by the native token of the...

US President Joe Biden signed a decree on the need to regulate the cryptocurrency market. This document will become a milestone and will stimulate the development of the blockchain industry, says Michael Saylor, CEO of MicroStrategy. He attended the Miami Bitcoin Conference, which brought together...

Jack Mallers, the Chief Executive Officer of the payments provider Strike, which is developed on Bitcoin’s Lightning Network, disclosed an integration with the popular e-commerce firm Shopify. While announcing the news at Bitcoin 2022, Mallers mentioned that the tech allows innovative and peer to...

Twitter Founder Jack Dorsey's first tweet in the form of an NFT was posted on OpenSea for 14,969 ETH. Its owner, Bridge Oracle founder Sina Estavi, intends to donate at least $25 million to charity if sold. Estavi can earn at least 1555%. At the time of writing, no users have applied to purchase....

The Terra protocol team revealed a collaboration with Avalanche and the purchase of AVAX coins. Terraform Labs bought $100 M in AVAX for Treasury Swap of LUNA and AVAX to boost various activities. Along with this, the Luna Foundation Guard bought $100 M in AVAX with UST stablecoins. AVAX is now the...

At Bitcoin 2022 held in Miami, PayPal co-founder Peter Thiel enumerated the names of the popular executives that are the main Bitcoin enemies. Thiel accused some of the financial figures of attempting to stop the cryptocurrency and surpass what has become a powerful movement. Well-known investor...

The OpenSea marketplace has integrated support for Solana NFTs released on the blockchain in beta mode with “limited collection coverage.” At the end of March, the team promised to start the process with Nyan Heroes and Turtles. Currently, OpenSea supports 865,000 tokens from 165 NFT...

In April 2021, the Bank of Sweden announced the completion of the first phase of testing the digital version of the krona. In a statement, the regulator noted that technical problems arose during the tests, but in general, they were successful. Last Wednesday, the central bank of this northern...

Messaging and social media app WeChat, developed by the tech company Tencent and having over 1 bln users, started the support for China's official digital currency, the electronic yuan. A report by the media hub, TechNode, says that the function is available in 23 regions, including Beijing,...

The Georgian authorities have been refusing to recognize cryptocurrencies as a payment instrument over the past few years. Back in mid-2019, a law on the taxation of miners and traders began to operate in the country. At the same time, plans appeared to create an infrastructure in Georgia for...

Facebook and Instagram parent company Meta plans to launch virtual currencies in its app after the stablecoin project Diem shut down, not getting the approval of financial regulators. While competition between social media platforms increases, Meta is looking for alternative revenue sources and new...

Terraform Labs co-founder Do Kwon, announced buying another 5000 Bitcoins for $230 M. Terraform stands behind the development of the Terra blockchain, which is powered by the UST stablecoin and the LUNA coin. At the time of buying, the BTC price was around $46,000. Last month, Do Kwon revealed that...

Altcoin Cardano (ADA) has fallen 3% to $1.15 over the past week. ADA is ranked ninth in the ranking of the largest digital currencies. All categories of investors, including the so-called whales, took advantage of the recent fall in the value of the altcoin. The addresses of such cryptocurrency...

Philippines-based digital payments company PayMaya launched a crypto feature, that enables buying, selling, and earning digital assets via the app. The app is expanding its services to make crypto more accessible to the public. It is licensed by the Central Bank of Philippines (Bangko Sentral...