Big Crypto Game (CRYPTO) News

Financier, the CEO of global investment company SkyBridge, Anthony Scarmucci is optimistic about the future of the crypto industry. In a recent interview with CNBC, he mentioned the progress in crypto, such as the improvement of the Lightning Network, the increase of applications, the ease of...

The Bangko Sentral ng Pilipinas announced it will stop the process of granting licenses to virtual asset service providers for 3 years. According to a memorandum by the Bangko Sentral, the Monetary Board took a modified approach to establish a balance between encouraging financial innovation and...

On August 10, Netherlands officials arrested a Tornado Cash developer. According to a publication by the state agency investigating financial crimes, the 29-year-old suspect is involved in hiding illicit financial activities, making money laundering easier by mixing cryptos via the Ethereum-based...

Billionaire Mark Cuban is facing a lawsuit for promoting the crypto brokerage company Voyager Digital, which became bankrupt amid the crypto market crisis. The lawsuit also says Cuban misrepresented the company on various occasions, making statements that the platform is cheap and offers...

Crypto exchange dYdX announced blocking user accounts that interacted with transaction mixer Tornado Cash after the US Treasury imposed sanctions against the program. dYdX released a blog post saying they have made changes within the limits of compliance rules that have unbanned certain addresses....

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...

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 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...

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,...

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...

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...

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...

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,...

The US SEC is looking into Coinbase over the sale of digital currencies that the agency views as securities. A Bloomberg article says that people familiar with the subject noted that the SEC increased scrutiny around Coinbase after the platform added the number of cryptos it offers for trading. A...

US senators introduced a bill that suggests making cryptocurrency transactions under $50 tax-free. The authors of the paper are Sen. Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) Previously, the Senate presented another bill to simplify the tax system for daily crypto users who should report...

Rostin Behnam, Chair of the Commodity Futures Trading Commission, finds that the agency should have more authority to supervise the crypto sector. At the forum "The Future of Crypto Regulation" the official said that there is a need for clear market regulations over digital commodity...

The Chief Executive Officer of Binance, Changpeng Zhao (CZ) filed a lawsuit against Modern Media, Bloomberg Businessweek/Chinese-language publisher. CZ accuses the company of defamation. According to a report by Hong Kong Economic Times, CZ said Bloomberg Businessweek published an article on July...

Audius, a decentralized music platform was hacked. As a result, cryptos worth $6.1 M were transferred. Hacker could make away with $1 M. On July 27, Audius confirmed a proposal, which requested the transfer of 18 M Audius' native AUDIO tokens. On July 24, Spreek Away tweeted that the attacker made...