Cryptocurrency News

Australian law enforcement is working to increase crypto expertise and monitor transactions by forming a dedicated police group. According to the Australian Financial Review, the Australian Federal Police (AFP) reached its aiml to raise $600 M from illicit money transfers. This is despite the...

As of September 5, 52 million erroneously issued aUSD coins remain in the network. In total, 281 addresses were involved in the incident, according to the report of the Acala parachain team. In August, a bug in the iBTC/aUSD liquidity pool smart contract led to the issuance of a “significant...

New rules by the UK Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury define that crypto exchanges should report and freeze accounts suspected of avoiding Russian sanctions or potentially facing criminal charges. The announcement by the financial authority says payment...

Bitcoin was above $20,000 on Friday. The BTC rate peaked at $20,407 at the start of the American session, but it dropped to $19,663 by Saturday, September 3, night. The market has not changed significantly over the last two days, and Bitcoin is starting a new week below the psychological threshold...

Saudi Arabia’s Central Bank assigned a lead for virtual assets and the digital currency program to bring its cryptocurrency goals into reality. Previously, officials of the country expressed worries about the speculative nature of digital assets. According to Bloomberg, the head of the program is...

US Senator Brad Sherman says the Senate hasn't banned cryptocurrencies because there's too much money and power behind them. According to him, money used for lobbying and campaigns work otherwise people wouldn't enter the sector, and it's the reason why the US hasn't banned crypto. The lawmaker...

A technical error in Coinbase resulted in Georgian users' cashing out funds with prices 100 times higher than their actual rates. This happened as the price of the country's official currency, the lari (GEL) was shown at $290 on August 31 instead of $2.90. So, users having $100 worth of lari on the...

After an NFT auction where American actor and comedian Bill Murray raised 119.2 ETH (about $185,000) for charity, hackers stole the funds. According to the blockchain explorer EtherScan, hackers started to attack the actor's wallet at 7:00 p.m. ET on Thursday. The wallet was controlled by Murray's...

Until the end of 2022, the Indonesian authorities want to launch their bitcoin exchange. For the first time, the government announced plans to create a national cryptocurrency platform last year. This year, the authorities want to implement the project, but the timing will be adjusted in case of...

Against the background of the fall of the cryptocurrency market in 2022, many exchanges and companies were forced to cut staff. Further deterioration of their financial position may lead to the fact that such enterprises will be bought up by banks and other large investment structures. Recently it...

The US prosecutor's office became interested in Binance for its compliance with anti-money laundering legislation. At the end of 2020, US law enforcement turned to the management of the trading platform to provide them with internal documentation that could identify suspicious transactions....

In a recent interview with blogger Noah Smith, Ethereum co-founder Vitalik Buterin talked about the current crypto market state and the future of blockchain. He said it was predictable that the prices would fall, however, he didn't know when it would happen. According to Buterin, in the...

Celsius, a cryptocurrency lender which filed for bankruptcy nearly a month ago, filed a request to return custody holders' funds while implementing a restructure and resuming of its services. The paper says the company has about 58,300 users who made deposits of more than $210 M with custody and...

At the end of May, the Parliament of Paraguay approved a bill to legalize the cryptocurrency market and mining. This document was submitted to the President of the country, Mario Abdo Benitez. However, the head of state rejected it because mining can create risks for the energy infrastructure. The...

Data by CoinGecko unveils that the state most interested in Bitcoin and Ether in the USA is California. The study is based on the crypto data platform's website traffic within the US between May to August 21, 2022. Other states included in the top 5 are Illinois, New York, Florida, Washington. 43%...

Ethereum developers plan to activate the Merge fork on September 15, as a result of which the network will switch to PoS (Proof of Stake) consensus. In anticipation of this important event, miners accumulate ether. According to OkLink, more than 261,000 ETH have accumulated on the addresses of...

European Union’s lawmakers rejected a Green Party plan to explore other methods of proof-of-work mining that powers the Bitcoin blockchain. Earlier, the European Parliament didn't approve the proposal to impose limitations on the PoW systems. A Spanish member of the parliament's Green caucus...

The cryptocurrency market has been suffering losses over the past few weeks, but the Friday speech by the head of the US Federal Reserve, Jerome Powell, dealt the strongest blow to it. The readiness of the regulator for the next increase in rates provoked a massive exit of capital from the...