Cryptocurrency News

Fourth-week institutional investors withdrawing funds from crypto-focused products. Moreover, the capital outflow is observed against the background of a sharp strengthening of the bitcoin rate. Let us remind you that last week it was unable to try to gain a foothold above $40,000, but due to the...

Many financial structures reacted extremely negatively to the decision of the El Salvadorian authorities to legalize bitcoin. The negative opinion was presented by the IMF and the World Bank. By contrast, the giant Bank of America believes the country could benefit from such a move. The bank's...

The former developer of the most anonymous and scandalous cryptocurrency project Monero - Riccardo Spagni, was recently arrested by the US police at the request of South Africa. According to reports, the arrest was made while the man was on the plane while refueling in Tennessee. It is known that...

Coastal metropolis Miami will present its cryptocurrency MiamiCoin (MIA) on Aug. 3. It will be used to implement city development programs and various events. So, everyone will be able to help the city’s progress by purchasing or mining MIA and the received amount will go to the city's...

The Chinese authorities will not only put pressure on miners but will also continue to tighten control over crypto traders. The corresponding statement was published at the end of last week by the Central Bank of China. The regulator plans to announce new measures in the coming months that will...

In the US leadership at various levels, many periodically raise the question of the advisability of launching the digital dollar. Federal Reserve Governor Lael Brainard believes that many states are already moving towards creating a national token. If Washington hesitates, then the country runs the...

MicroStrategy software company is currently on the list of the largest cryptocurrency holders. Moreover, this giant is investing in bitcoin, despite the periodic collapses of the coin. MicroStrategy CEO Michael Sailor said that buying bitcoin is reminiscent of investing in Facebook stock in the...

Crypto startup Matrixport, co-founded by digital asset mining firm Bitmain's ex CEO Wu Jihan and Ge Yuesheng in February 2019, raised over $100 M in Series C. Thus, the Singapore-headquartered company's valuation reached $1 B. Matrixport, a financial services company, raised $100 million at a...

In the early summer of this year, the El Salvadorian authorities adopted a law recognizing bitcoin as a legal tender in the country. Such a step by the Latin American state drew criticism from both international organizations and the public of El Salvador. During the last week, Moody's expectedly...

Cash App, developed by Jack Dorsey’s financial services company Square, published the results of the second quarter of 2021. The report shows that the company's BTC revenue has risen 200% reaching $2.72 B from $875 M. The gross income of BTC went up to $55 million from $17 million. This means a...

Many countries in the post-Soviet space are considering options for launching a national digital currency (CBDC). Russia, Georgia, and Kazakhstan have already announced their readiness to develop a token pegged to fiat money. Now the National Bank of Ukraine has received the same right. The...

In a few years, we will see cash become part of history and finally be replaced by digital currencies. This point of view was expressed by João Manoel Pinho de Mello, who is the director of the Central Bank of Brazil. People and companies themselves will begin to switch to such forms of payment...

SEC-registered automated investment services and advisory provider Wealthfront informed about expanding its investment options, including two crypto trusts: Grayscale Bitcoin Trust and Grayscale Ethereum Trust. As the firm stated via a blog post published on July 29, its aim was to provide...

Gaining around a 4% price increase over the previous 24 hours, Bitcoin's price reached its 2-month high surpassing $42.000. Over the previous 7 days, the price has gone up by over 23%. The price of Bitcoin started to rise after the massive sell-off in May. Since then BTC was hesitating between...

Wyoming Senator Cynthia Lummis is widely known as a supporter of the cryptocurrency industry. She recently admitted that she managed to take advantage of the market decline and bought bitcoins. Moreover, the senator did not rule out that if soon BTC starts to fall in price again, then she is ready...

One of the largest Colombian banks, Banco de Bogotá, was the first in the country to launch a service for sending funds to a cryptocurrency exchange. The option was launched under the auspices of the country's government. While it is available to clients in test mode. Funds can be sent to the...

Renowned mining corporation Greenidge Generation mentioned it intends to build a solar farm to create a modern, high-tech environment for local businesses and workers. The message says that this idea will be implemented with funds received from the mining of digital assets. Greenidge Generation...

Amid the strengthening of the bitcoin (BTC) exchange rate, network activity has increased sharply this week. Researchers from Arcane Research have previously reported an increase in daily cryptocurrency trading volume. After it exceeded $ 40,700 for the first time since May 2021, the number of...