Cryptocurrency News

At the end of April 2021, a ban on any transactions with bitcoin and other digital currencies began in Turkey. Crypto exchanges have suspended their activities in this country. However, authorities later announced that the ban was temporary and would soon be lifted. Operations with digital assets...

Boston-based international financial entity Fidelity Digital Assets (FDAS) carried out a survey, which shows that the number of institutions investing in crypto will grow considerably by 2026. 1.100 institutional investors from the US, Europe and Asia took part in the study. 70% of them answered...

The US authorities have finally acknowledged the gigantic influence of the stablecoin market. Under the auspices of the Ministry of Finance, a special expert group will begin to work, which will develop a regulatory framework for regulating operations with digital currencies backed by fiat money....

In the last 24 hours, the price of Bitcoin saw a decline of over 6%. Currently, the coin trades at around $29.750, which is the lowest level in terms of a month. BTC's current rate is under half-price of its all-time high of over $64.800 reached on April 14. Its market cap stands at around $558...

Crypto company Binance continues to face claims from regulators around the world. This week, Hong Kong and Lithuania urged exchange management to register with local jurisdictions to be eligible to work with crypto traders. Otherwise, the company will face problems. The Hong Kong regulator reminded...

Federal Reserve Chairman Jerome Powell this week announced the need to regulate digital currencies backed by fiat money. The appeal of the American regulator was heard at the Ministry of Finance. It became known yesterday that the country's financial department will create an expert group that will...

NY-based investment management ARK Invest has increased its stock holdings of the payments services company Square headed by Jack Dorsey. The company purchased a total of 225,937 shares as mentioned in its daily holding files. This move came a few days later after Twitter CEO Jack Dorsey shared the...

Japan’s global financial institution SoftBank invested in the crypto platform Bullish owned by businessman, and philanthropist Peter Thiel. Particularly, the company’s branch SB Northstar made a $75 M listing with the US SEC. Per the paper, SoftBank will obtain 7.5 mln shares paying $10 for...

The police of the city of Miri (Malaysia) destroyed a batch of ASIC miners confiscated during the raids. On July 16, journalist Colin Wu reported that a video had been circulated in the Chinese cryptocurrency community showing the roller rolling over the devices. According to him, some members of...

Despite the increasing pressure on the cryptocurrency industry, South Korean businesses are still trying to gain a foothold in this market segment. One of the largest financial institutions in the country, Woori Bank, announced its intention to enter the crypto sphere at the end of last week. The...

There are currently more than 13,000 nodes available on the BTC network. Recall that the previous record was set in January. At that time, 11,613 nodes were available to users on the blockchain. On July 5, 13,374 nodes were recorded on the network. However, already in the middle of this month, the...

The position of skeptics among experts is strengthening. Many of them do not exclude that the largest digital currency will not be able to stay at current values ​​and will soon fall in price below $ 30,000. Moreover, some analysts predict that the BTC rate will only be able to stop at $ 10,000...

China's share in bitcoin hashrate began to decline long before the crackdown on miners began. Currently, the PRC is still ranked first in the ranking of countries in terms of the amount of computing power generated in the bitcoin network. However, the trend for the weakening of the share of the...

Major crypto platform Binance released a blog post saying it ceases support for stock tokens. As the company reports, users that presently own stock tokens, may sell or store them till October 14. The news came amid regulatory issues that the firm has been...

Michael Saylor, CEO of MicroStrategy, has recently been frequently commenting on the situation on the crypto market and around Bitcoin, in particular. His company is the largest public holder of BTC. Saylor said in the middle of this week that Bitcoin poses no threat to the US dollar. The CEO of...

On July 15, American payments company PayPal released an article, announcing changes in the crypto purchase policy. Now, US-based users are allowed to purchase up to $100,000 in crypto weekly with no annual buying limitation. PayPal says the changes aim to offer clients more options and flexibility...

Large investors continue to show increased activity amid the weakening of the ether (ETH) rate. The altcoin is down to $ 1,900 today, and many observers agree that the coin will find the bottom somewhere around $ 1,700. Whales, on the other hand, take advantage of the panic sell-off of ether on the...

Jerome Powell, head of the US Federal Reserve System, has previously criticized cryptocurrencies on numerous occasions. In his opinion, such instruments create great risks for investors. Even if bitcoin can push gold into the background, then this asset does not pose any threat to the dollar,...