Cryptocurrency News

Gary Gensler, who serves as chairman of the Securities and Exchange Commission (SEC), has repeatedly pointed out the need to regulate the cryptocurrency industry. For example, in early August, he announced that decentralized platforms deployed in the DeFi market could be controlled through mutual...

In June, the bitcoin hash rate dropped to 84.79 EH/s, the lowest since September 2019. The drop in network capacity was observed against the background of the mass migration of miners from China. Almost all mining pools began to sell the mined BTC to receive funds for the transportation of...

In early September 2021, a law came into force in El Salvador recognizing bitcoin as a legal tender. In this Latin American state, the number of cryptocurrency terminals has increased dramatically. By expanding the bitcoin infrastructure, President Nayib Bukele expects to increase citizens' loyalty...

In the last 7 days, Bitcoin's price fell by around 10.33% and now trades at $42.100. Ethereum went down by around 14.60% and trades at around $2890. It's the first time since August 6 that the largest altcoin's price declined below $3000. The total crypto market cap fell below $2 T and now stands...

Curve.fi and Convex finance have fundamentally changed the way Decentralised Finance yield mechanisms work by offering great rewards for liquidity providers on stable coins and other tokens - with approximately 12bn USD in total value locked (TVL). This is why XBE.finance has chosen to build out...

Over the past several months, the South Korean authorities have been negotiating with cryptocurrency exchanges to develop an effective interaction mechanism. According to the new rules, each trading platform is required to obtain a license. To do this, it needs to provide all the necessary...

The USA authorities are investigating Binance Holdings to find out whether the company is engaged in insider trading or market manipulation activities. As Bloomberg announced on Friday, the probe is confidential. The media platform got the news from the people familiar with the case. They informed...

On the night of Friday, September 17, Bitcoin fell to $47,700. On the eve of the morning, the coin tried to gain a foothold above $ 48,000, having secured the support of American investors. However, in the second half of the day, the activity on the market weakened again, and soon the correction...

At the end of 2018, the world-famous Time magazine first spoke about bitcoin. A column by Alex Gladstein about BTC was published on its pages. The author wrote that cryptocurrencies give people economic freedom. In the future, bitcoin will become an alternative to the modern financial system. Now...

AVAX, the native coin of the open, smart contracts network for building dapps, Avalanche, reached a new all-time high of $68.84 on coinmarketcap.com. On September 16, the company revealed completing a $230 M fundraising via a token sale. The investment was headed by Polychain and Three Arrows...

Bermuda-based ex-director of business development at BitMEX Gregory Dwyer agreed to extradition to the United States to face trial. In October 2020, the US Department of Justice indicted the exchange's co-founders Arthur Hayes, Ben Delo, Samuel Reid, and Dwyer for violating the Bank Secrecy Act....

Data from Chanalysis show that the crypto industry of Africa is making progress at a fast pace. In the previous year, received crypto has gone up by more than 1200%. From July 2020 to June 2021, African countries got about $105.6 B worth of crypto in total. The surge is notable, especially...

Bitcoin exchange Coinbase has applied NFA to register as a futures commission merchant (FCM). In the long term, the step will allow the company to obtain a CFTC license. In the United States, companies wishing to offer derivatives to clients must obtain a CFTC license. To do this, they usually need...

The founder and managing partner of major investment firm SkyBridge Capital, Anthony Scaramucci announced during a recent interview that the company presently owns $700 M worth of cryptocurrencies and aims to present more crypto products. On September 13, SkyBridge Capital announced a...

August turned out to be a good month for hedge funds targeting the cryptocurrency market. According to Eurekahedge, the profit of such financial structures increased by about 25%. Moreover, in terms of profitability, cryptocurrency hedge funds have bypassed their competitors, who prefer to stay in...

The CEO and CIO of New York-based investment management firm ARK Invest, Catherine Wood believes that Bitcoin price will go up to $500.000 in five years. She also announced that the company's confidence in Ethereum rose after the ETH2.0 upgrade. Catherine Wood shared her opinion during the SALT...

More than 2.5 million new addresses have registered on the Ethereum blockchain since the beginning of May 2021. The researchers also paid attention to the growth of the bitcoin network. They found that the largest number of new wallets appeared in January-April. During this period, the number of...

El Salvador's authorities are considering options to ease the tax regime for all cryptocurrency investors. Bitcoin holders will be exempt from income tax even if they make large profits from trading with this asset. Javier Argueta, who holds the post of legal adviser to Salvadoran President Nayib...