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Latest Blockchain and Crypto News



Circle Ethereum merge

Circle Says It Will Only Support Ethereum’s PoS Chain After Merge

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Crypto financial services and payments company Circle released a blog post about the company's approach toward the expected update of Ethereum. The team said since the release of the USDC stablecoin on Ethereum in Sept. 2018, they have collaborated closely with the ecosystem and have seen essential...

Crypto bankomat

The number of bitcoin ATMs has grown by more than 500% in two years

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2021 has become a breakthrough year for the cryptocurrency industry. It was at this time that the number of terminals for operations with digital currencies increased dramatically in the world. according to a report by CoinATMRadar. In 2022, the pace of ATM installations slowed down as the industry...

Coinbase quarter 2 revenue

Coinbase Reports Over $1 Bln Loss in the Second Quarter

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Cryptocurrency exchange Coinbase reported a 64% revenue loss in the second quarter, down $1.1 bln from last year. The company said the loss was heavily impacted by non-cash impairment charges. In a shareholder letter, Coinbase said at the end of Q2, Assets on Platform were $96 bln, while at the end...

Iran import crypto

Iran Placed Its First Import Order in Crypto Worth $10 M

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Iran announced its first official import in crypto. Deputy Minister of the country's Industry, Mine, and Trade, Alireza Peyman-Pak tweeted that the first import order registration worth $10 M was made. He also mentioned that by the end of the next month, the use of crypto and smart contracts will...

Asian session

Digital currencies adjust during the Asian session

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Trading in the Asia-Pacific region on Tuesday, August 9, started with a weakening in investor activity. If the day before, capital entered IT stocks, today hedge funds and traders have again begun to transfer funds to fiat currencies. According to TradingView, the US dollar index rose to 106.3...

Mike Novogratz Bitcoin price

Mike Novogratz Doesn't Expect Bitcoin Price to Surpass $30,000

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Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg TV that he expects Bitcoin to stay within its recent price range as the industry hasn't seen large inflows of institutional capital. The businessman said he's doubtful that BTC will get through $30,000. According to him,...

US Treasury Tornado Cash

US Treasury Blacklisted Crypto Mixer Tornado Cash

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A new press release by the US Treasury reveals that the agency's Office of Foreign Assets Control sanctioned crypto mixer Tornado Cash. According to the publication, following its launch in 2019, Tornado has been used for laundering digital currencies worth over $7 bln. Tornado is an Ethereum-based...

Hong Kong

Fraudsters stole $50 million in crypto from Hong Kong investors

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Since January 2022, the scale of cryptocurrency fraud in Hong Kong has increased significantly. Law enforcement agencies systematically urge residents of the metropolis not to invest in dubious projects that are related to the cryptosphere. In the first half of the year, the damage from the...

Wells Fargo crypto

Wells Fargo Says Crypto Can Be a Part of the Next Digital Era

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International financial services company Wells Fargo released a new report on cryptocurrencies with the title "Understanding Cryptocurrency." The report says that crypto is a part of the digital revolution. Wells Fargo finds that cryptos could play an important role in the next digital...

Tiffany

Tiffany sold 250 NFT pendants in the form of CryptoPunks

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Jewelry brand Tiffany & Co. sold all 250 limited-edition jewelry pieces based on the CryptoPunks Series of Non-Fungible Tokens (NFTs). Pre-orders closed 22 minutes after launch. 100 CryptoPunks holders were able to apply for the pendant as early as August 3rd. Each NFTiffs sold for 30 ETH...

Ethereum blockchain

Vitalik Buterin Says Miner Migration Won't Impact the Merge

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As Ethereum's move from Proof-of-Work Consensus mechanism to Proof-of-Stake is nearing, many miners consider going back to Ethereum Classic, a fork of Ethereum that uses PoW. Talking about the expected event, and its impact on the network at the ETHSeoul festival, Buterin said he doesn't think that...

Jim Rogers crypto

Jim Rogers Warns That Cryptos Will Be Controlled by Governments

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American investor Jim Rogers shared his views about the crypto sector. In one of his latest interviews, he said that one day governments will be in full control over crypto. Rogers mentioned that he knows a lot of people who are investing in crypto assets, having fun, and making a profit. Although,...

Spain

Nearly 7% of Spaniards have invested in digital currencies

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The Spanish financial market regulator CNMV surveyed the citizens of the country and found out that almost 7% of them have already become cryptocurrency investors. The agency's report states that 6.8% of respondents have tested the capabilities of digital assets. Moreover, the share of such...

White rock

White Rock CEO: It's time for the development of the mining industry

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According to White Rock CEO Andy Long, during the dominance of bearish sentiment in the market, companies need to focus on infrastructure development. Now there are excellent opportunities for new acquisitions and partnerships between industry participants, the expert told CoinTelegraph. Many...

Portugal

Portuguese Banks Start Closing Bitcoin Exchange Accounts

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In Portugal, commercial banks have begun to close accounts owned by cryptocurrency exchanges. Credit institutions motivate their decision by the fact that investments in digital assets are associated with high risks. The Central Bank of Portugal has not yet reacted to the information received,...

Philippine

Philippine authorities urge traders not to use the services of Binance

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The Philippines is on the list of countries in the Asia-Pacific region leading in terms of the adoption of cryptocurrencies. However, the authorities react negatively to this trend. The Philippine Securities and Exchange Commission has issued an appeal to citizens not to use the services of the...

Coinbase

Coinbase shares soar 18% on BlackRock collaboration news

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The investment appeal of the crypto company Coinbase has increased dramatically after it became known about its partnership with the giant BlackRock. The world's largest asset manager will use the services of exchange to store digital currencies owned by institutions. First of all, cooperation will...

Yi He

Binance co-founder to lead exchange's venture arm

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Co-founder of Binance Yi He will take over as the organization's venture capital and incubator division's chief. The CEO of Binance Labs will be in charge of overseeing the company's overall strategy and operations. Her emphasis will include advancing the utility of cutting-edge cryptocurrency and...

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