Cryptocurrency News

A South Korean court released an arrest warrant against Terraform Labs co-founder Do Kwon, according to the Financial Crimes Unit of the Supreme Prosecutors Office. Bloomberg published a report citing an official message, which reveals the warrant included five other individuals who are accused of...

Over the past few years, the Canadian authorities have been considering options for the phased legalization of the cryptocurrency market. Last summer, the country's central bank announced that it was impossible to ignore the blockchain industry. It has accumulated large capital and needs...

Data reveals that Bitcoin mining difficulty reached a record all-time high hitting 32.05 trillion hashes. This means that miners need to perform more than 32 T hashes to solve a mathematical puzzle and add a new block to the blockchain. After the previous estimation, the difficulty increased by...

Last Tuesday, Bitcoin (BTC) lost more than 10% in value - this is the strongest drop since mid-June. Sales in the stock markets did not bypass digital currencies. On the night of Wednesday, September 14, the BTC rate fell to $20,344. The capitalization of bitcoin over the past 24 hours has...

Bahrain's Central Bank intends to release a Bitcoin payment implementation and payout solution in collaboration with the Bitcoin payment processor OpenNode. Today, OpenNode released a statement saying that it intends to provide the infrastructure to help Bahrain to grow its economy and develop...

Norway is on the list of countries that are developing a national digital currency (CBDC). However, unlike China, the authorities of this European state decided to initially study the potential of the token and test it within a separate economic zone. The Central Bank announced large-scale tests of...

This coming Thursday, September 15, the Merge solution will be integrated into the Ethereum software, thanks to which the network will move to the Proof of Stake consensus. The activity of traders in anticipation of this event is reduced. Ethereum's underlying asset, the ETH token, is trading on...

Leading financial services provider Fidelity considers offering Bitcoin trading services to its retail customers. According to a release by Wall Street Journal, the institution with over 34 M brokerage accounts is looking into ways to enable retail investors to trade BTC on its brokerage platform....

Crypto exchange platform Huobi revealed it will remove seven privacy-focused cryptos next week. The decision is connected with the recent regulations and raised concerns about the assets. Huobi released an announcement that says they strictly comply with the regulations of every jurisdiction. The...

In August, Bitcoin's dependence on the US stock market sharply weakened. The correlation between BTC and business activity indicators was at an annual low, according to a report by Arcane Research. Last week, the dependence of cryptocurrency on the stocks of the technology sector began to increase...

Algorand Foundation, the organization standing behind the development of the Algorand blockchain protocol revealed having a $35 M USDC exposure to the cryptocurrency lending and borrowing platform Hodlnaut. In early August, Hodlnaut suspended withdrawals. In a publication, Algorand informed that...

A Bitcoin transactions application based on XRP Ledger, SpendTheBits, is a competitor of Lightning Network. SpendTheBits allows spending and receiving Bitcoins instantly. Currently, the application is available in Canada, and it's expected to be launched in El Salvador soon. XRP is used to activate...

A group of US Senate democrats wrote a letter to Meta CEO Mark Zuckerberg asking him about measures the social media companies led by him take to prevent crypto-related scams. Washington Post reports that Senators raised questions concerning crypto fraud stating that they are commonly seen on...

At the beginning of this week, the altcoin Solana (SOL) collapsed to $30.64 on a wave of strong sales. Capital exited cryptocurrencies due to the negative that returned to the stock markets. The coin began to win back losses last Wednesday, and its value increased by more than 11% in two days. On...

Business intelligence firm MicroStrategy intends to buy more Bitcoins by selling up to $500 M of stock. According to an SEC filing, the company's stock offering serves general corporate purposes, including Bitcoin purchases. The company's class A shares are listed on The Nasdaq Global Select Market...

The venture capital fund of the crypto exchange FTX agreed to acquire 30% of New York-based investment manager SkyBridge Capital. The sum of the deal is unknown, however, SkyBridge announced they plan to use some part of the investment to buy cryptocurrencies worth $40 M and then as a long-term...

The National Copyright Administration of the People's Republic of China (CNAC) intends to tighten the penalties for unauthorized use of other people's works of art to create NFTs. Authors of collections of non-fungible tokens will be prohibited from creating them based on music, animation, games,...

According to the former head of the BitMEX cryptocurrency exchange, Arthur Hayes, by the end of 2022, ether (ETH) may reach $3,000. In mid-August, the altcoin broke above $2,000, and many experts bet on its rise to $4,000 or even $5,000 by winter. However, soon the rollback resumed. The pump came...