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Latest Blockchain and Crypto News



Japan

Japan Legalizes Stablecoins

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The Japanese Parliament has passed a bill to regulate stablecoins. The country's authorities want to recognize fiat-backed digital currencies as electronic money. Each token must be backed by the yen or other national currency. Thus, the holder of a stablecoin will be able to convert this...

Australia crypto use

Australian Mayor Suggests Using Cryptos to Pay Local Taxes

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Tom Tate, the mayor of the Australian city Gold Coast says the city’s residents may pay council rates or local property tax in Bitcoin in the future. In an interview with Australian news provider ABC News, the Mayor said such a use case serves as a signal that the city is innovative and will draw...

ADA

Cardano bounces back thanks to support from whales

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Altcoin Cardano (ADA) was trading at $0.457 at the end of May. It suffered heavy losses after the collapse of the Terra ecosystem and exacerbated market volatility. By the beginning of June, the ADA rate had strengthened to $0.682. However, already last week, Cardano was one of the most affected...

crypto scams social media

Crypto Scams Caused over $1 B Losses Through Social Media

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The Federal Trade Commission (FTC) issued a report on crypto scammers cashing in on the crypto craze. According to the analysis, Americans have lost over $1 bln to crypto scams since the beginning of 2021. Based on the reports, scammers widely use social media to realize their activities. Almost...

Binance The Weeknd Tour

Binance Sponsors the Weeknd’s World Tour

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Popular digital assets platform Binance officially sponsors The Weeknd’s tour "After hours Til Dawn," which will start next month. It’s the first time a major crypto firm funds a famous artist. "After hours Til Dawn" is the 7th concert tour by award-winning singer-songwriter...

White House crypto mining

White House Explores Crypto Mining and Its Energy Impact

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The White House is exploring the mining of cryptocurrencies and its impact on the environment. A report by Bloomberg informs that a task force now is examining the benefits and shortcomings of the sector to develop proper policy suggestions. Costa Samaras, who serves in the White House Office of...

CFTC Bitcoin features Gemini

CFTC Submitted a Complaint Against Gemini Over Bitcoin Futures

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The US regulator of the futures market, presented claims against the crypto platform Gemini, established by Winklevoss twins in 2014. It claims that the company falsified data provided to the CFTC in around 2017 at meetings and in papers by breaking the regulation principles. The federal agency...

Coinbase

Coinbase abandons plans to expand staff

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In February, the crypto company Coinbase announced its intention to hire about 2,000 more people. However, the dominance of bearish sentiment in the market forced the American giant to reconsider its personnel policy. Last Thursday, Coinbase's press office announced that it was refusing such a...

Vitalik Buterin crypto

Vitalik Buterin Comments on a Crypto-Skeptic Letter by Techies

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On June 1, 26 computer scientists, software engineers, and technologists from different companies published a letter to US lawmakers, expressing their concerns about the crypto sector. With the letter they urged Congress to be critical, and skeptical about web 3 and cryptos. They said not to view...

Solana

Altcoin Solana Falls Nearly 13% After Another Network Shutdown

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The digital currency Solana (SOL) began to fall in price after another network outage. It lasted four hours and had a negative impact on the investment attractiveness of the underlying asset. SOL lost about 13% in value over the past day. The coin fell to $38.6 on Thursday morning and only bounced...

Chipotle crypto payments

Chipotle Started Accepting Cryptos in the US

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American restaurant chain Chipotle revealed accepting cryptocurrencies as a means of payment across the US. To provide the option, the chain partners with the digital payments services company Flexa. Chipotle accepts BTC, Eth, and other cryptos from any application that supports Flexa for burritos,...

Goldman Sachs crypto

Goldman Sachs Survey Says Insurers' Interest in Crypto Grew

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Leading bank Goldman Sachs published its yearly survey on the insurance sector. The release included cryptos as well. 328 high level financial officials took part in the survey. They present about half the $26 T world’s insurance field. The results of the survey showed that 6% of participants...

USDC

USDC issuer doubts effectiveness of central bank tokens

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Central banks wishing to issue their tokens (CBDC) believe that with the help of an innovative tool, they can modernize the financial infrastructure. However, Circle, which developed the USDC stablecoin, has a different point of view. She estimates that the CBDC will harm the financial system....

OpenSea employee

Former OpenSea Executive Accused of Insider Trading

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An ex-employee at the popular NFT platform OpenSea, Nate Chastain, is accused of fraud and money laundering. Each of these counts carries a max sentence of 20 years. However, a judge's sentence is yet to come. According to an announcement by the US Attorney's Office for the Southern District of New...

Armenia

Armenia will regulate crypto market leaning on international experience

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Over the past few years, the Armenian authorities have been eyeing other states developing cryptocurrency legislation. The Tax Service and the Central Bank decided to accelerate the creation of a regulatory framework to bring the cryptosphere out of the shadows. Rustam Badasyan, who heads the State...

Philippines

Philippine government explores use cases for blockchain technology

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Philippine Department of Science and Technology spokesman Enrico Paringit said the department is launching a training program for in-house researchers to explore all possible options for using distributed ledger technology. Paringit focused the public's attention on the fact that the government's...

Solana blockchain outage

Solana Experienced a New Outage

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On June 1, the Solana blockchain faced a technical difficulty, as a result of which the network was halted for over 4 hours. The team tweeted that a bug led to nodes' generating different results for the same block, because of which operations stopped advancing. After about a 4 and a half hour...

tim draper

Tim Draper: Women Will Drive Bitcoin Growth

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Financier Tim Draper, who represents the Bitcoin bull camp, believes that the largest digital currency will add in value, thanks to the support of women. According to him, over the past few years, the proportion of the fair sex has increased. They are the ones who will push BTC up as they love to...

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