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Latest Blockchain and Crypto News


USDC stablecoin capitalization fell by 12%


In May and June, the capitalization of the stablecoin USD Coin (USDC) grew due to the massive influx of investors after the collapse of the Terra ecosystem. The USDC supply topped $56 billion, but it has fallen 12% over the past month. As of October 11, the capitalization of the stablecoin was just...


Bitcoin mining difficulty increased by more than 13%


Another change to the level of difficulty for mining bitcoins was made on Monday. The highest rise in difficulty since May 2021, this metric is up 13.55 percent. The previous change was made on September 14 when the challenge increased to 32.05 T. It climbed to 35.61 T on October 10. In parallel,...

Google Cloud Coinbase

Google Teams up With Coinbase to Accept Crypto for Cloud Services


Today Google announced a partnership with crypto exchange Coinbase to allow users to pay with crypto for cloud services starting in early 2023. According to a report by CNBC, the tech giant revealed the news first at the Cloud Next conference. Due to its cloud business, Google's parent company...


Portugal is preparing to pass a law on the taxation of crypto traders


From 2023, Portugal may introduce a tax on income from transactions with digital currencies. Its rate will be 28%. Portugal is included in the list of states where comfortable conditions for cryptocurrency investors have been created. If the local parliament passes a bill to tax the digital...

Paul Tudor Jones Bitcoin

Paul Tudor Jones Predicts BTC and Ether Will Go Much Higher


Billionaire hedge fund manager, the founder of Tudor Investment, Paul Tudor Jones believes that Bitcoin and Ether will grow in price in a post-recession market. In an interview with CNBC’s Squawk Box, he said that cryptos could see essential growth in the future. Talking about the global economy...


The LocalBitcoins platform will leave the Russian market


Russian users of LocalBitcoins began to receive notifications from the platform that it is planning to leave the Russian Federation soon. As the Rozetked network resource clarifies, the exit from the domestic market is associated with tougher sanctions against Moscow. Recall that within the...


The CB of India introduced the concept of a national digital currency


The Reserve Bank of India formally introduced its own CBDC proposal late last week. The regulator has released a study on the possibilities for the virtual rupee and any issues that might develop following the launch of the currency. According to the report, CBDC will serve as one of the...

Brazil crypto fraud

Brazilian Police Seized Over $766 M in a Crypto Fraud Investigation


Federal Police of Brazil seized gold, luxury cars, and watches worth 4 billion Brazilian reals (about $766 M) while raiding houses of the members of a gang led by businessman Francisley Valdevino da Silva, known as "Sheik dos Bitcoins". According to a report by a local newspaper, the...

Dapper Labs Russia sanctions

Dapper Labs Announced Restrictions for Russian Accounts


NFT-focused blockchain development company Dapper Labs announced suspending Russian accounts. In a blog post, the Dapper Labs team mentioned that the decision came after the European Union imposed new bans against Russia and Russian nationals. According to the EU statement released on October 6,...

Huobi crypto news

Huobi Global to be Purchased by About Capital


Cryptocurrency exchange Huobi Global agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund. According to the investment manager, after the transaction, Huobi will see a series of international brand promotions and business expansion. It's envisioned...

Jim Cramer crypto

Jim Cramer Revealed He Bought a Farm With Bitcoin Earnings


TV personality Jim Cramer tweeted that he bought a farm with Bitcoin earnings and a boat with Ether. Cramer dared people to bet against him adding "You do not do this for 42 years and lose money every year." In an earlier tweet, the CNBC Mad Money host said he always welcomes people...


Hodlers have accumulated a record amount of bitcoins


Analysts at Ark Invest found that long-term investors or so-called hodlers have been buying up bitcoins over the past few months. They took advantage of the collapse of the BTC rate in the spring and summer of 2022 and accumulated a record amount of cryptocurrency. Currently, hodlers control...

Visa crypto payments

Visa Partners With FTX to Offer Crypto Debit Cards


Payments company Visa built a partnership with the cryptocurrency exchange FTX to offer debit cards in 40 countries. The cards will allow holders to spend their crypto funds from FTX accounts. So, users won't need to withdraw their cryptocurrencies from the exchange to spend them. The cards make it...

digital currency

DappRadar: Digital currencies have entered a phase of consolidation


In the third quarter of 2022, the cryptocurrency market entered a long phase of consolidation. A recovery began in September, according to a DappRadar report. One of the most important events of the third quarter was the renewal of Ethereum and the transition of the network to the Proof-of-Stake...

BNB Chain exploit

BNB Chain Gets Back to Normal After a Hack Estimated $100 M


On October 7, BNB Chain announced suspending operations due to irregular activity, and a potential exploit. Due to irregular activity we're temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding.—...

Terraform Labs

South Korean authorities detain Terraform Labs employee


South Korean prosecutors have detained a Terraform Labs (TFL) employee who was on the run in the country and requested a warrant for his arrest. Law enforcement believes the man named Yoo in the report is one of TFL CEO Do Kwon's key aides. The suspect is believed to have been "market...


Nasdaq has no plans to launch a cryptocurrency exchange


The US stock exchange Nasdaq revealed its plans to debut its digital currency storage platform in September. However, as Nasdaq Vice President Tal Cohen said to reporters the day before, the same company does not currently have plans to establish an exchange for dealings involving virtual assets. ...

Binance Kazakhstan

Binance Got the Green Light by Kazakhstan Regulators


Popular crypto exchange Binance got approval by authorities to provide services in Central Asian country Kazakhstan. An announcement by the exchange says the permanent license identifies Binance as a regulated business with strong compliance and security controls. Binance will be able to offer...

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