Cryptocurrency News

In November 2021, as part of the implementation of the CBDC concept, the Bank of Russia announced tests of a platform for transactions with the crypto ruble. As Deputy Chairman of the Central Bank Olga Skorobogatova noted, the regulator, together with several largest banks, intends to implement the...

Today Russia’s Central Bank issued a report on the crypto industry, trends, risks, and regulations. The regulator announced its plans to enhance regulations on unbanked cryptos and stablecoins. The institution proposes a full crypto ban, including issuance and operations. It also offers to...

In the middle of this week, Bitcoin (BTC) broke above $42,000. On some trading floors, the BTC rate reached $42,500 on the morning of January 19. However, a correction soon followed, and the night before, the cryptocurrency fell to $41,292. Today, its capitalization over the past seven days has...

Iranian authorities expect to use the national digital currency (CBDC) to bypass US economic sanctions. According to local media reports, the Central Bank of the Islamic Republic plans to provide access to the token to all test participants. However, the regulator has not yet named any specific...

The chair of the US SEC, Gary Gensler said that platforms offering crypto trading services will be a primary focus of the agency. Bloomberg informs that during a recent virtual conference, Gensler said that he had asked the staff to get crypto exchanges inside the investor protection area and look...

The Armenian authorities plan to decommission the old Hrazdan thermal power plant and place an enterprise for the extraction of cryptocurrencies on its territory. On January 20, the project on leasing part of the station territory was approved by the Public Services Regulatory Commission of...

If you are passionate about finance or just getting into it, you have often heard that a big APY is good. But for sure, you have also wondered what an APY is. The annual percentage yield (APY) is the real return on investment, taking compounding interest into account. While investing, APY is quite...

On Jan. 17, the blockchain interoperability network Multichain was hacked. The team announced that a critical vulnerability affected 6 cryptos; WETH, PERI, OMT, WBNB, MATIC, and AVAX. The company mentioned that it fixed the vulnerability, and transactions could be done safely. However, Multichain...

Bloomberg strategist Mike McGlone is known by many as an ardent supporter of bitcoin. Over the past few years, he has repeatedly expressed aggressive forecasts regarding the prospects of cryptocurrency. Now the same analyst has suddenly become less optimistic. If earlier he predicted that BTC could...

Erik Thedéen, Member of the Management Board of the European Securities and Markets Authority (ESMA) finds that EU regulators should encourage the crypto industry to use crypto mining that is less energy-consuming. During an interview with Financial Times, Thedéen said that he finds the solution...

Bank of America strategist Alkesh Shah recently expressed his opinion on the future of the Solana cryptocurrency project, calling it, by the way, the main competitor to Ethereum. According to a well-known analyst, Solana is actively entering the digital asset market, taking away popularity in...

Tech giant Microsoft disclosed acquiring one of the biggest game publisher companies, Activision Blizzard for around $68.7 bln. Microsoft said that the move is a step towards entering the metaverse. Metaverse is a virtual environment where users interact via 3D avatars. Fungible and non-fungible...

Data from the Glassnode platform shows that investors are buying up Ethereum (ETH) despite the drop in its value. The ETH exchange rate on the night of Wednesday, January 19, fell to $3,100; over the week, the capitalization of the altcoin decreased by almost 5% to $371.078 billion. In two months,...

Malaysia may join those countries that are planning to issue their national digital currency (CBDC). The Central Bank of this country has not yet made a final decision. Soon, he will focus on exploring the potential of the token and developing the CBDC concept. If the Central Bank concludes that it...

Leading technological corporation Intel is going to unveil a new, environmentally friendly BTC mining ASIC at the upcoming International Solid-State Circuits Conference (ISSCC), which will take place next month. In the program, published by ISSCC, it's mentioned that session 21, highlighting chip...

Digital asset manager Genesis Trading has recorded an increase in the number of investors holding Bitcoin for more than five months. As a result of the December sell-off in the spot market, hodlers were able to significantly increase their reserves in cryptocurrency. The number of such BTC wallets...

Entrepreneur Mark Cuban unveiled that he invests 80% of his holdings in crypto. In a later interview during "The Problem With Jon Stewart", Cuban said that currently, he doesn't invest in traditional establishments. The NBA team Dallas Mavericks owned by Cuban partners with the publicly...

The Indian government has repeatedly postponed the consideration of a bill to regulate relations in the cryptocurrency market. The authorities take this decision due to opposition from the Central Bank, which is categorically against recognizing such instruments as means of payment. This week,...