Cryptocurrency News

CEO of New York-based international investment bank JPMorgan Chase Co, Jamie Dimon says in his personal opinion Bitcoin is worthless although the bank's customers think differently. The executive shared his views during an Institute of International Finance event on Oct. 11. At the same time, he...

Blockchain analytics firm Elliptic tweeted about raising $60 M in Series C funding round. Different venture companies and banks backed the round. Among the investors are VC Evolution Equity Partners, a multinational conglomerate company SoftBank, financial services companies Wells Fargo, Santander,...

El Salvador’s president Nayib Bukele's step of Bitcoin legalization and making local businesses support the coin didn’t get approval of Vitalik Buterin. Although Bukele tweeted in September that BTC would not be forced on everyone, Article 7 of the Bitcoin Law states that every business...

Today, a journalist at Beijing political magazine Caijing, Yan Qinwen Zhang Yingxin reported that China is considering ways to convict and sentence crypto activities by law. While currently there is no legal framework providing this option, the country plans to establish a judiciary system for...

Leading crypto mining manufacturer Bitmain announced it no longer delivers mining equipment to China (except for Hong Kong and Taiwan). According to the press release published by the company, it suspends the shipping from October 11. As for overseas business activities, they continue as usual. The...

On October 10, El Salvador's president Nayib Bukele tweeted about building a pet hospital with funds raised after Bitcoin adoption. Bukele mentioned that after Bitcoin legalization, the price of the coin saw gains and brought profits of $4 M to the country. The President tweeted that in just 20...

The U.S. government explores the crypto industry and possible ways of its regulations. Bloomberg reported on October 8, that the Biden administration weighs executive orders for federal agencies, which would explore the sector and present recommendations. Sources informed Bloomberg, the order...

The crypto market continues seeing gains. While Bitcoin went up by around 15% in the last 7 days, reaching its 4-month high, altcoins surge too. Native tokens of blockchain platforms Fantom and Harmony reached new all-time highs, $2.45 and $0.2473 respectively. The number of projects built on both...

China announced stricter measures against the crypto industry to detect and prevent any activity on September 24. But regulators didn't stop there. Today, China National Development and Reform Commission included virtual currency mining in the list of eliminated industries to seek public opinion....

The first CityCoin, MiamiCoin (MIA) has boosted $10 million in revenue since its launch in early August. Based on the Stacks blockchain, MIA allows users to receive stacking rewards in Stacks and BTC, supporting the city's growth at the same time. The current Miami City Wallet balance is valued at...

Over the last 7 days, the price of Bitcoin grew by over 22.31%, surpassing $55.000 for the first time since mid-May. The coin's market cap hit $1 trillion. New York-based major international investment bank JP Morgan noted the reasons for the surge. In a note from Thursday, the bank said Bitcoin's...

As SEC Chair Gary Gensler makes attempts to regulate the crypto sector, he faces opposition from congressmen supporting crypto. Senator Tom Emmer, a representative from Minnesota says Gensler is accountable for how his leadership can damage crypto investors in America. He also finds that the SEC...

In his bio, published on personal web hosting platform about.me, Ethereum co-founder Vitlik Buterin wrote about the reasons for his creating Ethereum. Buterin says he first understood the negative impact of centralized services while playing World of Warcraft during 2007-2010. His favorite hero...

This week's massive surge brought SHIB token to 15th place as the largest cryptocurrency by market cap. The indicator stands at over $13 billion at the moment. In the last 7 days, SHIB saw an impressive surge of around 370% and currently trades at $$0.00003315. From the start of the year, the...

For the first time, since May 12, Bitcoin price surpassed $55.000. The market cap of the largest cryptocurrency again stands above $1 trillion. Over the last 7 days, the coin saw a price increase of over 31%. In the last 24 hours, the surge was by over 10%. Although it's early to predict whether...

Former mayor of Bogota, Colombian politician, and presidential candidate Gustavo Petro finds it will be beneficial for the country to follow the example of El Salvador and mine BTC using natural resources. On October 1, the president of El Salvador, Nayib Bukele announced that the country started...

Today a major American financial institution, U.S. Bank, otherwise called US Bancorp unveiled a cooperation with BTC-focused tech firm NYDIG to deliver crypto custody options. The tweet shared by the company notes the growing institutional interest in the space. As interest in cryptocurrency...

The SEC against Ripple lawsuit continues. On October 4, U.S. District Judge Analisa Torres announced that XRP token holders can’t take part in the suit as defendants. At any rate, they can assist as amicus curiae, a friend of the court to provide their opinions on legal questions. Token owners...