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Crypto News

Crypto news and insights from around the world

News - July 24 2023

Elon Musk’s Twitter Rebranding Announcement Catapults Dogecoin (DOGE) Price

Dogecoin (DOGE) saw a 4% increase as Elon Musk hinted at Twitter's rebranding to X could include cryptocurrency payments. His interest in crypto has not waned despite Tesla selling off a significant share of Bitcoin (BTC) last year. Musk's previous success with PayPal suggests that Twitter's pivot to financial services could be a viable move.
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News - July 18 2023

Crypto memes can be considered financial promotions, says UK watchdog

Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA. Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country's financial regulator.
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News - July 14 2023

Breaking: Judge rules XRP is not a security in SEC's case against Ripple

CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled partially in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020.
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News - July 11 2023

UK to Exclude 'Unbacked’ Cryptocurrencies From Digital Securities Sandbox Initiative

The British government does not plan to modify the existing legislative framework for derivatives and unbacked cryptocurrencies like Bitcoin. While the adoption of crypto could lead to improvements in market efficiency, transparency, and resilience, the UK government doesn’t expect that the existing legislative framework for derivatives and so-called unbacked crypto assets will be changed in the nearest future.
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News - July 7 2023

Bitcoin is Revolutionizing Finance Says BlackRock's CEO

We need to bring back hope, Larry Fink, the CEO and founder of one of the biggest asset manager in the world, BlackRock, said in an interview on Wednesday. "ETF was a big revolution from the mutual funds industry and it's really taking over the mutual funds industry. We do believe that if we can create more tokenization of assets and securities, and that's what bitcoin is, it can revolutionize again finance," Fink said.
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News - June 30 2023

Financial Services and Markets Act granted Royal Assent by King Charles, making crypto trading a regulated financial activity in the UK

The Financial Services and Markets Act 2023 received Royal Assent from King Charles on June 29, marking a new era for the U.K’.s financial services sector. The new law includes cryptocurrency trading as a regulated financial activity in the U.K.
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News - June 22 2023

Elon Musk and Mark Zuckerberg agree to hold cage fight

Two of the world's most high-profile technology billionaires - Elon Musk and Mark Zuckerberg - have agreed to fight each other in a cage match. Mr. Musk posted a message on his social media platform Twitter that he was "up for a cage fight" with Mr. Zuckerberg. Mr. Zuckerberg, the boss of Facebook and Instagram parent company Meta, then posted a screenshot of Mr. Musk's tweet with the caption "send me location"." The story speaks for itself," a Meta spokesperson told the BBC.
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News - June 20 2023

Deutsche Bank reportedly applies for digital asset custody license from BaFin

Germany’s banking industry is slowly warming up to the crypto sector, with multiple partnerships and crypto services launching in 2023 after a long, cautious approach. Germany’s largest banking institution, Deutsche Bank, has reportedly applied for a digital asset custody license to the country’s financial regulator, the Federal Financial Supervisory Authority, or BaFin, in a bid to expand its revenue streams, Bloomberg reported.
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News - June 16 2023

Revolutionary Ripple Collaboration: Colombia’s Central Bank Joins Forces, Harnessing XRP for Lightning-Fast and Cost-Effective Real-Time Payments, Impacting Millions

Ripple joins hands with Banco de la Republica, Colombia’s Central Bank, to create a Central Bank Digital Currency (CBDC) using the XRP Ledger. The collaborative project aims to transform the country’s payment infrastructure by capitalizing on the capabilities of blockchain technology.
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News - June 12 2023

Polygon and Solana Join Forces with Cardano: Unyielding Against SEC’s Allegations, Defending the Crypto Realm from Unregistered Securities Claims

SEC’s allegations labeling ADA, MATIC, and SOL as unregistered securities have been firmly countered by Solana Foundation and Polygon Labs. Both SOL and MATIC witnessed significant price drops following SEC’s accusations, prompting official responses from their respective organizations.
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News - June 10 2023

US Hits Two Russians With Criminal Charges Over Mt. Gox Bitcoin Hack

The United States Department of Justice today charged two Russian men with criminal acts related to the hack of collapsed Bitcoin exchange Mt. Gox. In a statement Friday, the DOJ said that 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner were charged with conspiring to steal approximately 647,000 Bitcoin from the exchange between 2011 and 2014. The tally represented "vast majority of the ]Bitcoin] belonging to Mt. Gox’s customers," according to the DOJ.
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News - June 7 2023

SEC Sues Crypto Exchange Coinbase, One Day After Suing Binance

The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao.
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News - June 2 2023

UAE Central Bank To Implement Stringent New Crypto KYC Guidance

The Central Bank of UAE (CBUAE) has set forth comprehensive guidelines for digital asset KYC, to be implemented next month. The new guidelines will require financial institutions to conduct thorough due diligence exercises alongside identity verification checks before approving any digital asset transactions. Crypto businesses worldwide are doing their best to comply with current regulatory changes happening in various jurisdictions worldwide. It’s for this reason that many seek regions with crystal clear regulations and standardised guidelines.
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News - May 29 2023

Nvidia Launches New Lineup to Capitalize on AI Boom

Chipmaker Nvidia is preparing for the artificial intelligence (AI) revolution with new product lineups. And CEO Jensen Huang is urging students to capitalize on the technology. This year, AI has been one of the most favorite topics of discussion. Indeed, the wide use cases provided by technology have grabbed the limelight.
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News - May 24 2023


In a recent shareholder’s meeting, Jamie Dimon, the esteemed CEO of JPMorgan, raised a red flag concerning America’s regional banking crisis and its potential repercussions on the real estate industry. Dimon’s candid remarks shed light on the impending challenges faced by certain locations, office properties, and construction loans. As the credit market tightens due to banks’ capital retention strategies, Dimon also shares his contrarian view on interest rates, differing from most investors.
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News - May 24 2023

FBI Issues Warning On Cyber Traffickers Posting Fake Crypto Job Listings

Due to the surge in cryptocurrency scams, the Federal Bureau of Investigation (FBI) has raised concerns about the simultaneous rise in labor trafficking cases associated with these scams. According to a recent report by the FBI, there is a concerning trend where criminals are utilizing fraudulent job advertisements to entice victims into scam compounds located in Southeast Asia. Once trapped, these victims are coerced into participating in fraudulent cryptocurrency investment operations.
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News - May 24 2023

Crypto Watchdog Presents Landmark Framework For Digital Markets

Crypto assets have gained significant attention in recent years, prompting global regulatory bodies to take steps toward enhancing their oversight. In a noteworthy endeavor, the International Organization of Securities Commissions (IOSCO), the leading global standard setter for securities markets, has undertaken a significant initiative aimed at bolstering the regulation of these assets worldwide.
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News - May 23 2023

Breaking: Hong Kong Allows Retail Investors Trade Bitcoin, ETH, Other Crypto

After enticing crypto leaders to establish firms and exchanges, Hong Kong to allow retail investors trade Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, according to sources familiar with the matter.Amid the clampdown against crypto in several leading economies, Hong Kong leveraging this opportunity to increase its dominance as the city’s crypto hub initiative attracts global crypto exchanges and firms.
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News - May 19 2023

Ripple rolls out CBDC platform

Fresh from its acquisition of crypto cutoday provider Metaco, Ripple is rolling out an end-to-end CBDC platform for central banks, governments, and financial institutions to issue their own digital currencies and stablecoins.
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News - May 16 2023

SEC Wants Court To Dismiss Coinbase Demand for Rules Explanation

The U.S. Securities and Exchange Commission (SEC) has recently asked the judge to deny Coinbase’s request to compel the agency to respond to a rulemaking petition which Coinbase submitted last year seeking clarity on how securities laws apply to cryptocurrency.
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News - May 12 2023

Total Liquidation Surpasses $140 Million As Bitcoin (BTC) Continues Downtrend

The crypto market experienced a significant downturn over the past 24 hours, leading to a total liquidation of over $140 million as Bitcoin (BTC) continues its downtrend. According to data from Coinglass, a record of approximately 57,585 traders have been liquidated, and the total value is still counting.
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News - May 11 2023

Breaking Free: Meet the Dogecoin Challenger Surging Over 2,400% in Only a Month! Top Trader Predicts an Exciting Journey Ahead

A top trader expresses short-term bullishness on Pepe (PEPE), a rival of Dogecoin (DOGE) and Shiba Inu (SHIB). Pepe has shown potential for further gains despite a recent correction in its price.
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News - May 9 2023

Shaq Still Not Served in FTX Lawsuit, Lawyers Claim

Legal papers may have finally been served to Shaquille O’Neal in April over his involvement in promoting FTX, but the saga is not over yet. Lawyers for the former NBA star have now disputed the legitimacy of how the papers were delivered to O’Neal, saying they were thrown at his car, and landed on a public road.
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News - May 4 2023

Genesis 'One of the Main Feeder Funds' to Fraudulent FTX Activities, Say Debtors

In another notable turn of events in the FTX Chapter 11 bankruptcy proceedings, the collapsed crypto exchange is now attempting to recover approximately $3.9 billion from Genesis Global Capital (GGC). In a May 3 filing, FTX said it intends to begin adversary proceedings against GGC “to claw back funds received by Genesis and non-debtor affiliates so that these funds can be shared with all other creditors of the FTX Debtors in the FTX Chapter 11 Cases.”
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News - May 3 2023

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

As in March, however, the Fed would be hiking into a banking crisis exacerbated by already high interest rates. Multiple United States regional bank stocks fell considerably the day prior, raising concerns that the crisis has gone nowhere. “The regional bank sector, KRE, just posted its 3rd biggest daily drop of this crisis, falling nearly 7%. Yet, we still have not received any comment from the FDIC or Fed,” financial commentary resource, The Kobeissi Letter, told Twitter followers on the day.
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News - May 2 2023

Poloniex Settles With US Authorities, Pays $7.6M Fee To OFAC

Poloniex LLC has agreed to pay a fee of $7.6 million to settle with the US Treasury Department’s Office of Foreign Asset Control (OFAC) for violation of sanctions. The exchange had been scrutinized for violating multiple sanctions and not maintaining proper KYC (Know Your Customer) practices between 2014 and 2019.
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News - April 28 2023

Breaking: Coinbase CEO Finally Responds To SEC Wells Notice

Coinbase has been the talk of the crypto industry in April as news of its potential headquarters relocation from the US headlined many platforms. The crypto giant had looked into the relocation option due to regulatory scrutiny and lack of clarity from the US Securities and Exchange Commission (SEC).
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News - April 25 2023

Coinbase's 'Stand With Crypto' Campaign Challenges SEC's Regulatory Approach

Coinbase has launched the "Stand With Crypto" initiative in response to what is seen as the SEC's stringent approach to regulating the digital asset sector. The campaign advocates for equitable and transparent regulations that promote innovation and safeguard investors while resisting the SEC's alleged overreach.
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News - April 25 2023

FM Nirmala Sitharaman: Crypto Regulation Needs Global Consensus

The Finance Minister of India on Sunday emphasized the need for global consensus regarding regulating cryptocurrencies. FM Sitharaman said collaboration would be necessary to create a global framework for crypto regulation to be effective.
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News - April 20 2023

Bank of Russia Plans to Use Bitcoin and Ethereum for Cross-Border Deals, Creating New Opportunities for the Industry

The Bank of Russia is working on a bill that will introduce an “experimental legal regime” for cryptocurrencies to be used exclusively in export-import deals. The head of the regulatory agency, Elvira Naiullina, stated that the central bank’s plan includes creating special organizations that will be charged with mining crypto and processing payments for cross-border trade deals.
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News - April 18 2023

Nearly $2 Billion in Ethereum ($ETH) Are Waiting to Be Unstaked, Blockchain Data Shows

Nearly $2 billion worth of the second-largest digital currency by market capitalization, Ethereum ($ETH), are set to be withdrawn from the cryptocurrency’s network, as validators wait for their turn to collect rewards earned securing the network. Ethereum validators are able to withdraw their tokens after the widely-anticipated Shapella hard fork went live on Ethereum’s network last week. Image Source:
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News - April 17 2023

Hundred Finance hacked on Optimism and lost $7.4 million

Hundred Finance, a popular decentralized finance (DeFi) platform, has fallen victim to a cyberattack on the Optimism network, resulting in a loss of $7.4 million. The incident has sent shockwaves through the crypto community, raising concerns about the security of DeFi protocols. According to sources, the hack occurred on April 15, 2023, when attackers exploited a vulnerability in the Optimism network, a layer 2 scaling solution for Ethereum, which Hundred Finance uses for faster and cheaper transactions.
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News - April 17 2023

Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

Over 1 million Ether ETH $1,974 worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 the largest withdrawal day at 392,800 ETH, according to data from Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether.
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News - April 13 2023

How Ethereum (ETH) Price May React Before and After Network Upgrade

ETH is the native token of the Ethereum blockchain, created by Vitalik Buterin. It specializes in decentralized applications and smart contracts. Since March 10, there has been a rapid increase in the value of ETH. On March 17, ETH surpassed the $1,700 level and was confirmed as a strong support level after ten days (green icon). The daily RSI also showed positive signals, breaking out of its previous bearish trend and rising above 50, indicating a bullish trend and supporting the price increase.
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News - April 12 2023

Elon Musk reportedly buys thousands of GPUs for Twitter AI project

Elon Musk, CEO of SpaceX, Tesla, and, as of October 2022, Twitter, recently made headlines when he spearheaded a letter to halt artificial intelligence (AI) development due to societal concerns. Despite the effort, the tech mogul seems to be pushing forward with his own plans for developing AI infrastructure. A report from Business Insider revealed that Musk appears to be moving forward with plans for an AI project at Twitter. According to two anonymous sources familiar with the company, the Twitter CEO recently purchased nearly 10,000 graphics processing units (GPUs) to be used on the platform.
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News - April 10 2023

The Digital Currency Monetary Authority (DCMA) Launches an International Central Bank Digital Currency (CBDC)

Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
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News - April 6 2023

What is the Bitcoin Halving (Halvening)?

New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening". In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block. In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
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News - April 6 2023

Hidden Treasure: Every Modern Copy of macOS Contains a Copy of Bitcoin's White Paper

On April 5, 2023, the independent blogger Andy Baio published a post on his Waxy Blog that explained every version of macOS from Mojave 10.14.0 to the current version hosts a copy of Satoshi Nakamoto’s seminal Bitcoin white paper. Mac users can type a simple command in the terminal, and all nine pages describing Nakamoto’s invention will appear in a PDF version in the built-in image viewer, Preview.
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News - April 3 2023

Bitcoin Impervious To US Targeting Of Crypto

As the US government and regulators try to heap more and more pain on crypto, Bitcoin continues to act as a hedge out of the failing banking system. The strongly anti-crypto stance taken by the U.S. over previous months shows no signs of letting up. Obviously, a decision has been taken in the Biden administration that crypto needs to be crushed at all costs.
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News - March 30 2023

Ethereum Hits Supply Deflation Record as ETH Burning Accelerates

The amount of Ethereum being burnt is increasing. This has caused the issuance to reach its highest-ever level of deflation, which is shrinking the ETH supply. The Ethereum supply is shrinking at its fastest-ever level. Deflation has hit record levels as ETH burning accelerates.
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News - March 29 2023

Do Kwon to face Montenegro justice first as US and Korea vie for extradition

Do Kwon will have his day in Montenegrin court — and potentially Montenegrin jail — before any international extradition process begins, according to Mark Kovac, the country's justice minister. The Terraform Labs founder was arrested in Montenegro last week after months of speculation about his whereabouts. Kwon was detained while trying to board a private jet with travel documents believed to be forgeries, according to local authorities. The initial detention has been extended to 30 days from 72 hours.
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News - March 27 2023

NVIDIA Gives Up On Crypto, Says Using GPUs For AI More Worthwhile Than Mining

The statement comes from NVIDIA's CTO, Michael Kagan, who in an interview with The Guardian stated that cryptocurrencies bring nothing useful to society. It's an interesting statement that is coming just a few days after GTC 2023 where NVIDIA's CEO had a lot to talk about AI or Artificial Intelligence and how it is the single most important thing for the computing world.
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News - March 23 2023

Suspected Terra Boss Do Kwon Arrested In Montenegro, Interior Minister Says

According to the Minister, Kwon was arrested with falsified documents at an airport in Montenegro’s capital city of Podgorica. While the suspect was detained, Minister Adzic noted that authorities were carrying out an official confirmation of identity. Governments from Singapore, South Korea, and the U.S. already contacted Montenegrin regarding the arrest, per reports.
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News - March 22 2023

Scammers use GPT-4 launch to send phishing emails and steal crypto: Report

The limited nature of the launch of GPT-4 has led to scammers drawing users to phishing sites. There, they advertise a non-existent OpenAI crypto token, and invite users to link their crypto wallets, according to cyber intelligence company Tenable. “The scammers mimic the OpenAI site to try to get crypto users to link their digital wallets, and once that happens, they drain their accounts,” the company said in a statement.
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News - March 22 2023

Ripple price soars 20% as SEC case nears verdict

The cryptocurrency market cap rose by 2% today, with major altcoin ripple roaring past bitcoin in terms of daily gains, as investors await a verdict in the ongoing case between XRP and the Securities and Exchange Commission (SEC) in the US. Bitcoin (BTC-USD) has held above $28K, now standing at $28,325, up 2.3% in the past 24 hours, and ethereum (ETH-USD) rose 3.3% in the past 24 hours to $1,800. Of the major altcoins, ripple (XRP-USD) has soared 20% in the past 24 hours to $0.46.
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News - March 20 2023

Ethereum paves way to $2,000 as low fees help hit 7-month price high

Although the price of Ethereum (ETH) has recently reached a seven-month high, demonstrating an increase in demand, the network hasn’t seen an increase in transaction fees, which indicates that the value of the Ethereum coin could continue to grow. Indeed, Ethereum briefly crossed the $1,840 mark, which it hasn’t done since August 18, 2022. However, its network transaction fees have dropped to below $2 despite high demand, according to the data by the cryptocurrency market intelligence platform Santiment published on March 20.
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News - March 17 2023

YouTubers who promoted FTX slapped with $1 billion class action

The collapse of cryptocurrency exchange FTX has resulted in another lawsuit, this time targeting finance influencers who used video sharing platform YouTube to promote the trading platform. The $1 billion class action filed on March 15 in the Southern District of Florida, Miami Division, by the plaintiff Edwin Garrison alleges that the YouTubers should be held responsible for promoting FTX at its height.
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News - March 16 2023

10 ways communities can attract Web3 businesses to set up shop

Attracting Web3 businesses will take a blend of traditional strategies and a commitment to helping the industry develop a firm foundation. Local communities are always in the business of attracting businesses. A diverse foundation of companies in a region brings many things with it, including new residents, higher tax receipts, and more and better educational, recreational and health amenities.
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News - March 14 2023

Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

USD Coin (USDC) came close to regaining its dollar peg on Monday after Circle, which issues the stablecoin, said that the $3.3 billion it held with the now-collapsed Silicon Valley Bank will be “fully available” when U.S. banks open. USDC is a type of cryptocurrency called a stablecoin which is supposed to be pegged one-to-one with the U.S. dollar. It is backed by real assets including U.S. Treasurys and cash and is the second-largest stablecoin in existence, behind tether
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News - March 14 2023

All rise for the robot judge: AI and blockchain could transform the courtroom

Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite almost certainly knowing that it was illegal in almost all 50 states to bring automated assistance like this into a courtroom. Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
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News - March 13 2023

USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3.3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC. Given the doubts about the reserves of USDC, the coin’s price fell to an all-time low of $0.8774, according to data from CoinMarketCap. Onchain data reveals that investors are liquidating their USDC holdings for other assets.
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News - March 10 2023

Silvergate Bank: Smoke on the water turns to fire in the sky

Trust in centralized entities, or lack of it, is on the top of everyone’s mind these days. The seemingly endless contagion from the fallout of Luna, Celsius, 3AC, FTX, is raising the question of when it will end? Just when you think it might be over, Silvergate Bank succumbed as the next victim. Silvergate just announced that it will be winding down its operations in an orderly manner in accordance with regulatory processes. So, who’s next?
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News - March 9 2023

Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?

In another installment of the bankruptcy proceedings related to defunct cryptocurrency exchange Mt. Gox, the Mt Gox Investment Fund, the largest creditor of the failed platform, is not planning to sell the tokens that it is to receive later this year. A person familiar with the fund’s activities who asked not to be identified told Bloomberg that the Mt Gox Investment Fund’s strategy is to hold the digital assets that are scheduled to be returned this October.
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News - March 8 2023

Five of the nine SEC-registered crypto firms are now gone, documents show

On March 1, the U.S. Securities and Exchange Commission (SEC) staff published a list of cryptocurrency companies that got registered with the regulator. The SEC had previously insisted that registration was as simple as filling out a form on the agency’s website. Interestingly, looking at the published list, five of the nine firms that attained some form of registration with the commission have since collapsed despite their compliance.
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News - March 7 2023

DeFiChain sponsors National Fighting Championship to target ‘crypto-curious’ people in Germany

DeFiChain (DFI/USD), best known for its leading blockchain on the Bitcoin network to bring decentralized financial applications and services, said in a Tuesday press release its community voted to sponsor Germany’s equivalent of UFC, the National Fighting Championship (NFC).
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News - March 6 2023

Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts

Almost all stablecThe company behind stablecoin Tether USDT has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system.oins have seen their market caps dramatically reduced since the collapse of the Do Kwon-founded Ponzi scheme Terra/Luna in May and June of last year. Attestations are also becoming difficult to come by as auditors abandon the crypto industry en masse.
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News - March 3 2023

Justin Sun’s stablecoin TUSD curiously grows amid market meltdown

Almost all stablecoins have seen their market caps dramatically reduced since the collapse of the Do Kwon-founded Ponzi scheme Terra/Luna in May and June of last year. Attestations are also becoming difficult to come by as auditors abandon the crypto industry en masse.
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News - March 2 2023

Coinbase no longer accepts payments via Silvergate Bank

Following the alleged troubles at Silvergate Bank, Coinbase announced that the crypto exchange will no longer accept or initiate payments with Silvergate. Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its U.S. dollar banking partner, citing the ongoing investigation. In an announcement tweet, the exchange said:
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News - February 28 2023

Bored Ape Yacht Club Creator to Release NFTs on Bitcoin Blockchain

One of the world's largest NFT brands has announced that it's launching a new collection on the Bitcoin blockchain. Yuga Labs is best known for creating Bored Ape Yacht Club — but until now, all of its collections have been based on the Ethereum network. TwelveFold is a collection of 300 artworks that will be inscribed on satoshis, the term that's used to describe the smallest denomination of BTC.
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News - February 28 2023

Elon Musk Reportedly Recruiting Team to Develop OpenAI ChatGPT Rival

OpenAI’s ChatGPT, an artificial intelligence [AI] chatbot has been taking the world by storm. ChatGPT managed to garner over 100 million users in just two months of its launch. Additionally, it has more than 13 million daily visitors. Thanks to this, it soon became one of the fastest-growing consumer applications. After highlighting the perils of AI, Elon Musk seems to be inclined toward creating a ChatGPT rival.
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News - February 27 2023

Ukraine netted $70M in crypto donations since start of Russia conflict

Since Russia’s invasion a year ago, there’s been $28.9 million in Ether donated to Ukraine, as well as $22.8 million in Bitcoin and $11.6 million in Tether. Ukraine has received over $70 million in cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with funds for military equipment and humanitarian assistance.
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News - February 23 2023

Russian Founders Of Crypto Project Operated Classic Ponzi Scheme

The four Russian founders of DeFi platform Forsage have been indicted in the US on charges of running a $340 million Ponzi scheme. According to the US Justice Department, four Russian nationals were charged with operating a Ponzi scheme. The fraudulent scheme employed smart contracts on the Ethereum, Binance Smart Chain, and Tron blockchains.
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News - February 23 2023

Solana Shutting Down NYC And Miami Stores

The Solana Spaces company is shutting down all its NYC and Miami-based storefronts to prepare for their move to the Web3 space. These brick-and-mortar stores were used to pitch the adoption of the Solana blockchain. According to the recent announcement, the company will close all these locations by the end of February 2023 as it will be pivoting to a more digital experience focusing on NFTs.
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News - February 20 2023

Number of Bitcoin Whales Drops to Lowest Level Since 2019

The number of Bitcoin (BTC) whales, or wallet addresses holding 1,000 or more BTC, hit its lowest level since August 2019 on Sunday. There were 2,027 whales on Sunday, February 19, according to crypto analytics service Glassnode; the last time their number dropped this low was August 5, 2019, when they numbered 2,023.
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News - February 20 2023

Norway Seizes $5.8 Million In Crypto Stolen By North Korea

Reuters reports the Norwegian police said in a statement on Thursday it seized million worth of crypto stolen by North Korean hackers last year. In March 2020, North Korean hackers stole $625 million from the Ronin Network, a blockchain linked to Axie Infinity – one of the largest heists on record. The United States linked the Ronin hack to an infamous North Korean hacking group dubbed “Lazarus.”
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News - February 17 2023

SEC charges Terraform Labs and founder Do Kwon with defrauding investors

The US financial regulator accused Kwon and the Singpoare-based crypto firm of offering and selling an inter-connected suite of crypto asset securities, “many in unregistered transactions” from April 2018 to May 2022. The SEC also alleged in federal court that the firm and its founder misrepresented the stability of Terra USD, a stablecoin developed by Kwon, which was supposed to maintain its 1-to-1 peg to the U.S. dollar through its sister token Luna.
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News - February 15 2023

Banking giant DBS says Bitcoin trading is booming despite market volatility

Bitcoin (BTC) trading has been booming at Singapore’s DBS Bank, which saw volumes climb by 80% on its Digital Exchange (DDEx) as a result of the recent decline in the value of cryptocurrencies and the various scandals that have been plaguing the industry.
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News - February 15 2023

Dogecoin And Shiba Inu Soar As Elon Musk Announces New Twitter CEO

Elon Musk, who is still searching for a new Twitter CEO, jokingly introduced a dog as Twitter’s new CEO, sending the prices of Dogecoin, Shiba Inu, and Floki soaring. At press time, all three meme coins saw significant price appreciation, with DOGE up 6.1%, Shiba Inu up 4.3%, and FLOKI up 39%.
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News - February 13 2023

CBDC Rises In The Emirates: Why The UAE Central Bank Is Interested In Issuing A Digital Currency

In recent months, initiatives surrounding central bank digital currencies,  (CBDC) have gained traction as banking authorities attempt to streamline cross-border transactions and stimulate innovation in the payments industry. Regulators in Asia, Europe, and South America are becoming more interested in implementing virtual currencies issued by their respective governments.
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News - February 10 2023

Breaking: Coinbase Users Converts Over $5 Bn USDC To Fiat In 24Hrs

The U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking has caused panic in the crypto market. In the last 24 hours, Coinbase users have converted nearly $5 billion of Circle’s USD Coin (USDC) stablecoin to fiat due to panic caused by actions of US regulators. Moreover, a potential Operation Choke Point-type action coordinated by multiple U.S. government agencies is likely under a plan to cut ties between the crypto industry and the banking sector.
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News - February 10 2023

LocalBitcoins closes down P2P crypto exchange service

Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years. LocalBitcoins officially announced the termination of services on Feb. 9, citing the tough market conditions of the ongoing cryptocurrency winter.
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News - February 9 2023

Tax Management Through Blockchain - Will This Ever Be Possible?

In the early days of blockchain technology, there was a lot of excitement about its potential to transform the tax system and the way tax is collected. In a 2015 survey by the World Economic Forum, 73% of respondents (over 800 business leaders) predicted governments would be collecting taxes via blockchain by 2023.
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News - February 6 2023

Ripple CTO Slams Theory That XRP Price Will Hit $50,000 Due To Buybacks

Ripple CTO David Schwartz has spoken out in a recent tweet about the XRP buyback proposal that first surfaced in 2021 and is now resurfacing with a second iteration. The controversial proposal is currently being heatedly discussed again on Twitter after Valhil Capital CEO Jimmy Vallee brought up the idea again.
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News - February 2 2023

This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?

A crypto-friendly bank, BankProv, has recently announced that it will no longer offer loans backed by crypto mining rigs. Previously, the bank offered such loans as a way for clients to fund their mining operations. But now it cited changing market conditions and increased regulatory inspection as reasons to halt these services.
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News - February 1 2023

Bitcoin Crash: Tesla Suffers $140 Million BTC Loss, SEC Filing Shows

In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $1.5 billion worth of the crypto. One BTC was valued at around $43,000 at the time of the investment. Elon Musk, CEO of Tesla, was then quite positive about the crypto’s future, stating that the company believes in the “long-term potential” of digital assets as an “investment and liquid alternative to cash.”
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News - January 30 2023

Ripple v. SEC court case update as of January 30, 2023

The crypto world continues to closely follow the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). After both parties filed their respective summary briefings, the fate of Ripple and its XRP token remains uncertain.
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News - January 26 2023

ChatGPT Success Leads To Sharp Interest In Crypto AI Projects

ChatGPT, the artificial intelligence language model, has attracted millions of users in a very short amount of time. This interest in AI has now spilled over into the crypto space. Artificial Intelligence (AI) is changing the world as we know it, and is doing so at an ever-increasing rate. Various niches within AI, such as Natural Language Processing, Machine Learning, and Robotics, are gaining traction and are disrupting industry in a massive way.
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News - January 25 2023

Breaking: Celsius To Repay Creditors By Issuing New Token

According to statements made by Celsius in court on Tuesday, the crypto-lending firm is contemplating the issuance of a new digital asset token in order to compensate creditors as part of its proposal to reorganize & emerge from bankruptcy.
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News - January 24 2023

Charles Hoskinson on the Cardano ‘blip’: Here’s what happened

With the devastating developments in the cryptocurrency market still fresh in the community’s memory, every minor incident seems to raise a higher-than-usual level of concern, including the recent issue on the Cardano (ADA) network, warranting its founder Charles Hoskinson to explain what really happened.
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News - January 23 2023

Is Australia Ready to Regulate Crypto Like Financial Products?

The Australian Securities and Investments Commission (ASIC) and the Commonwealth Bank favor the argument, but the lobby group Blockchain Australia is against it. If other coins or tokens are effectively used as a store of value for investment and speculation, there is a strong case for treating them as a financial product, says Jones.
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News - January 19 2023

Ripple CEO: Hinman Emails Will Bring ‘To Light’ Reasons For SEC Action

Ripple CEO Brad Garlinghouse commented on the legal battle with the U.S. Securities and Exchange Commission (SEC) during the World Economic Forum in Davos on Wednesday, again hinting at how important the Hinman documents could become to the case.
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News - January 18 2023

L2 Protocol Optimism Overtakes Arbitrum

The transaction volume on both protocols has undergone a distinct divergence since last month. Even though both had been on a steady upward climb since the beginning of last year, Arbitrum had always maintained its lead in transaction activity. However, this changed towards the end of the year, when Optimism outpaced Arbitrum and that too quite significantly.
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News - January 17 2023

Cryptocurrency mining, which relies on abundant power, expanding in Iowa

MiningStore, which in 2019 opened its flagship mining site in Grundy County, is asking Hardin County, in north central Iowa, to rezone two parcels from agricultural to manufacturing to allow for the installation of mining sites next to electrical substations owned by Midland Power Cooperative.
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News - January 16 2023

Apple Card responsible for more than $1 billion in losses for Goldman Sachs

Goldman Sachs submitted a regulatory filing today for its “Platform Solutions” group of businesses that includes Apple Card. The collection of consumer offerings from Goldman is on track for a loss of $4 billion since 2020 with Apple Card making up more than $1 billion of that.
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News - January 13 2023

Ripple v. SEC case: Legal expert predicts verdict as final date nears

With both parties in the Ripple and Securities Exchange Commission (SEC) case making final submissions, the crypto community is awaiting the final ruling on the matter. Based on the deliberations during the hearing, the matter has opened room for speculation regarding the possible outcome of the case.
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News - January 12 2023

Bitcoin Alive: El Salvador Passes Landmark Legislation For All Cryptocurrencies

El Salvador continues its massive embrace of bitcoin by passing a bill that paves the path for the creation of a legal structure for all cryptocurrencies. The legislative framework for a Bitcoin-backed bond, known as the “Volcano Bond,” will be used to reduce government debt and support the establishment of a planned “Bitcoin City” in the country.
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News - January 9 2023

Top 5 cryptocurrency movies to watch in 2023

As the cryptocurrency sector expands, the interest in its mechanics and real-life application among both mainstream and niche audiences grows, giving rise to crypto-related movies in various genres, some of which even feature Hollywood heavyweights.
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News - January 5 2023

Ripple Denies Latest Allegations As SEC Case Sees New Filings

As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches its final deadlines before Judge Analisa Torres is set to deliver her verdict, American journalist Charles Gasparino made an allegation that the fintech company could not let go unanswered. Gasparino raised the question of why the SEC focused on Ripple while it let Sam Bankman-Fried and FTX have their way.
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News - January 2 2023

Litecoin breaks above $75 – here’s what analysts say LTC could do next

According to data from market aggregator CoinGecko, Litecoin reached average highs of $75.81 across major crypto exchanges. Indeed, LTC hit highs of $77.97 on crypto exchange Coinbase and $77.76 on Binance (as calculated by TradingView).
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News - December 28 2022

Data Shows Whale Interest In Bitcoin At Lowest Since 2020

According to data from on-chain analytics firm Santiment, the transactions being done on the network by whales have slowed down recently. The relevant indicator here is the “whale transaction count,” which measures the total number of Bitcoin transfers taking place on the chain on any given day, that are valued at $1 million or more.
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News - December 27 2022

Huge NFT collections abandon Solana and move to Ethereum and Polygon – This is why

In a shocking announcement on Twitter, DeGods NFT art collection has revealed that it is cutting ties with Solana. Going forward, DeGods explains that the new year will see it exiting the platform, and moving into the Ethereum NFT marketplace.
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News - December 19 2022

Ethereum Whales Transferred Nearly $30M Worth of ETH After 5 Years of Inactivity

Large amounts of Ethereum are on the move as previously inactive whale accounts wake from a five-year slumber. On Dec 19, on-chain analysis Twitter feed ‘Lookonchain’ reported that two dormant Ethereum addresses have started to show activity.
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News - December 13 2022

Sam Bankman-Fried charged with fraud over FTX collapse

Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was charged with "orchestrating a scheme to defraud equity investors in FTX Trading Ltd.," according to an SEC statement. It said investigations into other securities law violations and other individuals are ongoing.
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News - December 12 2022

This Is Why Solana (SOL) Price is on The Brink of Major Crash

The Solana price has decreased since reaching an all-time high of $259.90 in Nov. 2021. The decrease caused a breakdown from the long-term $29 horizontal support area. Afterward, the Solana price reached a low of $10.94 in Nov. 2022.
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News - September 12 2022

Breaking: Almost 85% Ethereum Clients Ready For The Merge, ETH Price Jumps

As the Ethereum Merge fast approaches, Ethereum clients and developers prepare for the successful implementation of the Paris upgrade and the Merge. Almost 85% of Ethereum clients are now ready for Ethereum Mainnet (execution layer) to combine with the Beacon Chain (consensus layer). Moreover, the ETH price also jumps as the Merge readiness is now 99.64% complete.
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Tether's USDT stablecoin launches on Near blockchain

Tether has launched its USDT stablecoin on Near, a Layer 1 proof-of-stake blockchain that promotes its usability and scalability. Near is the 13th blockchain to host USDT, after Ethereum, Solana, Avalanche, Algorand, Polygon, Tron, Omni, EOS, Liquid Network, Kusama, Tezos, and Bitcoin Cash's Standard Ledger Protocol.
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ETH Merge D-Day- Update yourself with these latest developments

Ethereum [ETH] appears to be stepping up a notch after dropping to sub $1400 levels towards the end of August. This is reflected in ETH’s performance in recent days as the anticipation of the Merge continues to attract investors. According to CoinMarketCap, on 11 September, ETH was trading at $1,770 after another impressive performance on the price chart.
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The EU explores NFTs as a vehicle to prevent forgery and counterfeiting

Blockchain technology and NFTs have been identified by the European Union (EU) as a means to mitigate counterfeiting and forgery attacks. The European body has held several meetings exploring the possibilities, even holding blockchain hackathons to help initiate a proposal that will create digital twins of products that can be tracked and traced through supply lines.
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Norwegian central bank uses Ethereum to build national digital currency

The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox.Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s official CBDC partner Nahmii said in a blog post.
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Bitcoin Jumps to 3-Week Highs Above $22K (Market Watch)

The price of bitcoin dumped hard in the middle of last week when the bears drove it to a six-week low of $18,500. However, the cryptocurrency reacted quite well after this drop and reclaimed $19,000 shortly after.It remained stable there for a while, and even the record-breaking interest rate hike from the European Central Bank couldn’t shake it.Just the opposite, the asset went on the offensive as the working week was coming to its end and soared above $20,000. The weekend brought even more gains as bitcoin went to $21,500.
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Fireblocks proclaims 'centaur' status with $100 million in annual recurring revenue

Fireblocks, an $8 billion company that builds tools for the secure storage and transfer of cryptocurrencies, announced Monday that it has reached so-called "Centaur" status with $100 million in annual recurring revenue (ARR).The term "Centaur" was coined by Bessemer Venture Partners, and applies to software-as-a-service (SaaS) startups that hit the revenue milestone. The moniker is a spin on "unicorn" startups, a heavily-used term that refers to private tech companies with valuations in excess of $1 billion.
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News - September 5 2022

What does Ethereum Merge mean for holders?

Ethereum holders eagerly await the Merge scheduled for September 13th. The Ethereum Merge will affect ETH holders since price volatility is expected to increase as speculations for a possible price increase continue to engulf the market. However, ETH holders need to be fully prepared for the Merge that will see Ethereum transition from the Proof of Work consensus mechanism to the Proof of Stake.
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An eye on Dogecoin’s [DOGE] >$2M whale activity reveals…

Dogecoin [DOGE] is one cryptocurrency that has been gaining the attention of whales lately. For one, the last 24 hours have been phenomenal for the meme coin as Binance Smart Chain (BSC) whales circulated over $2 million worth of DOGE.
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In Crypto: FIFA+ Collect: Qatar World Cup moments to be sold as NFTs

World football governing body FIFA is to launch a platform allowing fans to collect and ‘own’ key moments from the upcoming 2022 World Cup in Qatar in the form of non-fungible tokens. FIFA+ Collect, launching on its FIFA+ service later this month, will also allow football fans to buy digital collectibles such as art and imagery around the tournament.
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BTC price sees new $20K showdown — 5 things to know in Bitcoin this week

Old all-time highs from 2017 come back to haunt Bitcoin as BTC price action fails to see relief this "Septembear." Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control.
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Cross-Chain Interoperability: What It Means For Blockchain

Blockchain is often touted as a revolutionary technology that will change the way we do business. Yet most chains are siloed with specific use cases and varying degrees of decentralization.With the increase in web3 solutions, the need to interconnect different chains to enable cross-chain interoperability is increasing every day.
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News - August 30 2022

Looks bare: OpenSea turns into NFT ghost-town after volume plunges 99% in 90 days

An ongoing debt crisis at lending platform BendDAO is also increasing the risk the NFT bubble will burst. OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow.
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‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head

JPMorgan’s Umar Farooq said that use cases haven’t arisen fully and regulation hasn’t yet caught up. The head of JPMorgan’s digital assets unit Umar Farooq has suggested that most of the crypto assets on the market are “junk” and that real crypto use cases have yet to fully present themselves.
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Bored Ape prices are down, but the NFT market is headed for new heights

One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021. There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects, pushing many to question the value of NFTs and their place in Web3 altogether.
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FBI issues alert over cybercriminal exploits targeting DeFi

Smart contracts governing DeFi platforms identified as a particular cause for concern for the enforcement agency. The United States Federal Bureau of Investigation (FBI) has issued a fresh warning for investors in decentralized finance (DeFi) platforms, which have been targeted with $1.6 billion in exploits in 2022.
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Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender

According to the World Bank, the number of people living in extreme poverty — on less than $1.90 per person per day — has been increasing in the past three years following the effects of COVID-19, rising global conflicts, climate change, and unchecked inflation. For almost 25 years, extreme poverty levels were steadily declining before the disruption caused by the global pandemic. Furthermore, between 75 million and 95 million additional people could be living in extreme poverty in 2022 compared to pre-COVID-19 projections, majorly in developing countries.
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News - August 4 2022

123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid

On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money with bitcoin than selling the electricity” to the grid.
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News - July 30 2022

Bitcoin’s price hits a 6-week high as market sustains short-term gains

Bitcoin (BTC) continues to sustain its short-term upside price momentum with investors looking out for signals to end the ongoing bear market. The gains have propelled Bitcoin to hit a new six-week high while pulling along the general cryptocurrency market. In particular, the flagship cryptocurrency was trading marginally higher on Friday, July 29, recording a price of $24,020 by press time with gains of almost 4% in the last 24 hours.
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News - July 29 2022

UK Commission Clarifies The Crypto Property Law

The U.K Law Commission has now proposed changes with an intention to clarify what exactly crypto property laws are. In the middle of the crypto regulations, U.K. Law Commission wishes to educate about how exactly property laws apply to cryptocurrencies in England and Wales. The Law Commission of England and Wales’ consultation paper had disclosed the proposal to position digital assets and non-fungible tokens (NFTs) under the U.K. property laws.
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News - June 15 2022

Investors lose life savings as Celsius goes bankrupt while CEL token loses 85% of its value in 2022

Investors in troubled cryptocurrency lending firm Celsius continue to incur losses after the company filed for bankruptcy, just weeks after freezing customer withdrawals. Following the freeze on withdrawals and the consequent bankruptcy application, investors have come out to share their experiences as the company’s troubles accelerate. For instance, some users have lost life savings invested in Celsius.
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Celsius Network Bankruptcy: What You Need to Know

Here’s everything we know about Celsius Network’s bankruptcy filing.Celsius has officially made the decision to file for bankruptcy. This comes a day after Vermont's Department of Financial Regulation warned consumers that they believed the company was "deeply insolvent."Last month, Celsius hit pause on withdrawals and deposits, laid off some staff, and hired restructuring lawyers, according to reports.
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Ethereum Still On Track For Mid-September Merge

Ethereum developers have doubled down on a mid-September target for the Merge during a conference call held on Thursday. The Merge is Ethereum’s highly anticipated transition from a proof-of-work to a proof-of-stake consensus mechanism. It’s expected to slash the blockchain’s energy use and, therefore, carbon emissions, by as much as 99%, addressing one of the primary critiques of the world’s second-largest cryptocurrency by market capitalization.
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Crypto Winter Presses On: NFT Marketplace OpenSea Layoffs 20% Of Its Workforce

Co-Founder and CEO at popular non-fungible token (NFT) marketplace OpenSea, Devin Finzer, announced a reduction in the company’s workforce. The platform will let go of 20% of its staff to adjust to the current decline in the crypto industry.

The executive shared a letter sent to OpenSea employees. Therein, the company pledged to provide its former employees with a “generous severance” package and healthcare coverage for the remaining of 2022 and 2023.
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Crypto trading volumes tumble to two-year low

Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.Spot and derivatives volumes have declined across exchanges, falling more than 15 per cent since May to around US$4.2 trillion and reaching the lowest since January of last year. The month of June alone saw spot volumes drop nearly 28 per cent to US$1.41 trillion as Bitcoin tumbled, the lowest since December 2020, according to data compiled by CryptoCompare.
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News - June 8th, 2022

Paypal Allows Users to Transfer Crypto To External Wallets

In 2020, Paypal allowed its users to buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. After a year, Paypal has now finally rolled out third-party crypto transfer support wherein users can hardware wallets or exchanges. The functionality will be fully ready for all eligible US customers in the coming weeks.
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News - June 2nd, 2022

Goldman Sachs Survey: Insurers Begin To Consider Crypto Investing

Goldman Sachs released its survey consisting of 328 chief investment officers and chief financial officers representing  $26 trillion of the global insurance industry. It has resulted in six percent of respondents being invested in crypto or considering doing so.
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News - May 24th, 2022

eBay Launches its First NFT Collection

E-commerce giant, eBay, has already joined the NFT world with its launch of the first nonfungible token (NFT) drop with a series of tokenized collectibles featuring the National Hockey League Wayne Gretsky.
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News - May 18th, 2022

UK Treasury set to legalise stablecoins

The Queen's Speech revealed the plans of the UK treasury to regulate stablecoins. In addition, Prince Charles also introduced a bill that would help discuss illicit finance, reduce economic crime and help businesses grow.
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News - May 16th, 2022

President nayib bukele hosts 44 countries to discuss bitcoin

President Nayib Bukele announced that 32 central banks and 12 financial authorities from 44 countries are to meet on May 16. This is to discuss financial inclusion, the digital economy, banking the unbanked, El Salvador’s Bitcoin rollout, and its benefits in the country.
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News - May 11th, 2022

Stablecoin UST Plummets Below 30 cents

Crypto Terra project's two main coins are in free fall. , or UST, plunged to as low as 26 cents Wednesday morning. LUNA, the sister token has lost roughly 99% of its value in the past seven days.
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News - May 9th, 2022

Instagram Will Start Testing NFTs This Week

The CEO of Meta, Mark Zuckerberg, has announced that they will be starting to test digital collectibles on Instagram this week. This will be a step toward adding NFTs to the platform.
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News - May 2nd, 2022

New NFT Collection of Bored Ape Yacht Club Broke the Ethereum Blockchain

Yuga Labs, creators of Bored Ape Yacht Club, got their new collection of NFTs that crashed the Ethereum blockchains due to high demand. The new NFTs are essential parts of virtual land inside the Bored Ape Yacht Club’s new personally owned metaverse, dubbed Otherside.
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News - April 29th, 2022

Goldman Sachs Offers First Bitcoin-backed Loan

Goldman Sachs, the Wallstreet banking giant, has announced its first ever Bitcoin-backed lending facility. As Wall Street continues to embrace digital assets, this is really a significant big step for the investment bank.
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News - April 26th, 2022

Bank of England Plans for a Major Funding Drive to Regulate Crypto

The Prudential Regulation Authority (PRA) at the Bank of England plans to raise £321 million in an ongoing fundraising effort until February 2023. This is to achieve their plans for monitoring assets and assessing how they’re being adopted in the financial sector.
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News - April 22nd, 2022

Earth Day Analysts: Bitcoin Mining Is Naturally Gravitating Towards Green Energy  

The environmental sustainability of Bitcoin mining is one of the topics that are still in a global debate. The Bitcoin Mining Council’s report in January, by Q4 2021, the global bitcoin mining industry ran on an estimated 58.5% renewable energy.
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News - April 21st, 2022

German Bank Commerzbank Applies for Crypto Custody  License

The banking giant in Germany, Commerzbank, has confirmed its application for a local crypto BaFin license in the first quarter of 2022. Commerzbank might be the first crypto custody bank in the country.
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News - April 20th, 2022

Ireland to Ban Cryptocurrency-Donations

The government of Ireland has a new law drafted about banning political parties from receiving cryptocurrency campaign donations. The law aims to block possibilities of Russia interfering the European nation’s elections.
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News - April 18th, 2022

Hyundai Motor becomes the first automaker to issue community-based NFTs

Many large institutions and big names in showbusiness have jumped into NFTs. Hyundai Motors has now become a part of the NFT craze and the first automotive business to enter the community-based NFT market.
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News - March 18th, 2022

coinpass austin mayor embraces web3 tech and crypto payments

Austin Mayor Embraces Web3 Tech and Crypto Payments

Last week, Austin Mayor introduced two new initiatives related to the potential of blockchain technology and crypto payments that would benefit the city. The primary initiative is to ensure that the city will promote the benefits of blockchain technology, which encourages inclusion and diversity. The second initiative focuses on making sure that the City Manager handles the study on adopting Bitcoin and cryptocurrency-related policies.
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coinpass UK FCA Banned Illegally Operating Crypto ATMs

UK FCA Banned Illegally Operating Crypto ATMs

The United Kingdom Financial Conduct Authority announced that the crypto firms operating illegally in the UK must shut down their ATMs. On March 11th, their website notice stated that if those operators continue to function despite the warning, they will face enforcement action. It is mandated that crypto ATMs that offer crypto exchange services in the UK must be registered with the FCA and must comply with the UK Money Laundering Regulations.
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coinpass Paypal CEO: Crypto and Digital Ledger Technology will redefine the Global Financial System

Paypal CEO: Crypto and Digital Ledger Technology will redefine the Global Financial System

Paypal CEO Dan Schulman sees the potential of crypto and digital ledger technology that he thinks will “redefine a lot of the financial world going forward.” The Central Bank Digital Currencies (CBDCs) are a global financial trend, says Schulman. He believes that bridging the gap between traditional and crypto-assets is the way to go forward.
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coinpass Instagram Will Have NFTs Function Soon, Says Meta CEO Mark Zuckerberg

Instagram Will Have NFTs Function Soon, Says Meta CEO Mark Zuckerberg

Mark Zuckerberg, Meta CEO, stated that META will soon add the Non-Fungible Tokens (NFTs) function to Instagram. Users might be able to display their NFTs on the platform in the coming months. He added that he hopes that IG users will be able to mint their NFTs on the platform.
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News - March 10th, 2022

coinpass Taiwan Expects to Complete Its CBDC Pilot by September

Taiwan Expects to Complete Its CBDC Pilot by September

The Central Bank of Taiwan has advanced its research to develop the Taiwanese central bank digital currency (CBDC), expecting the second phase of its pilot programme to be completed by September. The CBDC feasibility study was already done in June 2020 and is now working on the technical aspect of the project, creating a prototype CBDC platform, simulating its use for retail payments. It is developing the digital new Taiwan dollar using a two-tier retail model coexisting with the country’s current banking and financial system. The final decision for the official CBDC launch will be after the pilot's completion.
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coinpass Crypto Mining Continues in the South of Lebanon

Crypto Mining Continues in the South of Lebanon

The Lebanese district of Chouf has cheap and easily accessible electricity turned into a mining haven. Ahmed Abu Daher, a 21-year-old man, started a cryptocurrency mining business that helped the district thrive despite the countrywide devastation. He established mining operations in the Iqlimal-Kharrub area.
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coinpass U.S. President Joe Biden to Sign Crypto Executive Order

U.S. President Joe Biden to Sign Crypto Executive Order

The most awaited executive order for crypto will be finally signed by U.S. President Joe Biden this week. This is an order for the Justice Department, Treasure, and other agencies to look into the legal and economic outcome of developing a U.S. central bank digital currency. Last year, the White House mentioned that it was considering wide-range supervision of the crypto market, including executive orders in dealing with threats of ransomware and other cybercrime.
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coinpass Iran to Continue Crypto Mining Operations Under Strict Conditions

Iran to Continue Crypto Mining Operations Under Strict Conditions

Crypto mining in Iran seems like on and off last year, due to energy consumption issues. This year, the country lifted the crypto mining ban but only under strict conditions. According to the Ministry of Industry, Mine, and Trade (MIMT), only mining farms with renewable energy resources will receive new crypto mining licenses.
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News - March 3rd, 2022

coinpass EU Parliament Delayed the Vote on Crypto Regulations

EU Parliament Delayed the Vote on Crypto Regulations

Two weeks ago, the European Union parliamentarians introduced rules to ban crypto services reliant on environmentally sustainable consensus mechanisms such as proof-of-work (POW). It was later reported that the parliament delayed the vote that was supposedly taking place on February 28. This is due to the concerns of misinterpreting it as a de facto ban over queries regarding the industry’s energy demands.
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coinpass Ukraine Raises Millions in Crypto Donations

Ukraine Raises Millions in Crypto Donations

Aside from the foreign government aid to finance Ukraine’s defense against the Russian invasion, the government also raised over $13 million in cryptocurrency after the crowdfunding launch on February 26th. More than 18,000 contributors have given crypto donations after the launch. Overall, the country has raised $20.9 million since the invasion began.
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eBay CEO Disclosed that the company soon adds crypto payment options

eBay CEO Disclosed that the company soon adds crypto payment options

E-commerce giant, eBay, is now working on adding cryptocurrency payments, said the CEO Jamie Lannone. On the CEO’s interview with The Street, he dropped a hint that the announcement will be on March 10, on investor’s day. As of now, eBay is still not accepting crypto, however, further discussions will be made in the upcoming event.
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coinpass Australia’s Federal Advisory Committee Provides Key Factor For Easing Crypto Adoption

Australia’s Federal Advisory Committee Provides Key Factor For Easing Crypto Adoption

The Australian Federal advisory committee has proposed four key ways to support a safer adoption and lessen cyber security threats. Australia’s Department of Home Affairs released a study in which the Cyber Security Industry Advisory Committee came up with strategies for the government to have room for transforming the digital economy. It suggests creating guidelines to ensure safe crypto adoption in Australia.
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Australia’s Federal Advisory Committee Provides Key Factor For Easing Crypto Adoption

Sony Partners Manchester City’s Football Club to recreate Etihad Stadium in Metaverse

Sony Group Incorporation partners with Premier League Title Holders Manchester City to develop new forms of digital content and services that combine the physical and virtual worlds. Sony will manage a proof of concept (POC) that will leverage the technology of multiple Sony group companies and Manchester City’s global IP. They are virtually recreating the Etihad Stadium- the iconic home of the football club.  POC targets to make a global online fan community and establish a connection between fans and the team.
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News - March 24th, 2022

coinpass Kookmin Bank: South Korea’s First Bank to Launch the country’s First Crypto ETF

Kookmin Bank: South Korea’s First Bank to Launch the country’s First Crypto ETF

South Korea’s largest bank, Kookmin bank, announced its preparatory committee for digital asset management. They have formed a committee to decide strategy capabilities regarding digital assets and artificial intelligence investment funds. The bank is  expected to  launch crypto exchange-traded funds (ETFs) and future products.
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coinpass Brazil’s Crypto Regulation Bill Heads to a Senate Vote

Brazil’s Crypto Regulation Bill Heads to a Senate Vote

Brazil has already taken steps towards crypto regulation. The Senate is set to vote on a crypto regulation bill. Unanimously approved by the Senate's Economic Affairs, greater chances of passing a vote on a Senate floor is clear. Once passed to the Senate and lower house, it will be sent to the President to be signed into law.
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coinpass Mexican Senator to Propose a Bill to Make Bitcoin as a Legal Tender in the Country

Mexican Senator to Propose a Bill to Make Bitcoin as a Legal Tender in the Country

Mexican Senator, Indira Kempis, discussed her plan to propose a bill of making Bitcoin a legal tender in Mexico. With the inspiration of El Salvador’s rising financial inclusion, she stated that Bitcoin can give benefits to the Mexican people. The senator’s last visit to El Salvador gave her a perspective that Bitcoin can revolutionize a nation within the Bitcoin ecosystem.
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News - February 17th, 2022

coinpass Russian Finance Ministry Wants To Legalize Crypto Mining in the Country’s Specific Areas

Russian Finance Ministry Wants To Legalize Crypto Mining in the Country’s Specific Areas

Russia’s official stance on cryptocurrency is still uncertain. The Central Bank and Finance Ministry of Russia have different views on cryptocurrency. The Bank of Russia Governor Elvira Nabiullina strongly demands a complete ban on crypto activities. On the other hand, the Finance Ministry also takes a stand in allowing cryptocurrency. With the government creating the regulatory regime of digital assets, the Finance Ministry proposed to allow mining operations in areas with a “sustainable surplus in electricity generation”.
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coinpass JP Morgan: The First Bank to Enter the Metaverse

JP Morgan: The First Bank to Enter the Metaverse

The largest bank in the US, JP Morgan, has become the first lender that has opened an office in the blockchain-based 3D virtual world of Decentraland called an “Onyx Lounge”. The bank also released a whitepaper discussing business opportunities in the metaverse. It also highlighted that the bank can operate in the virtual world just like in the real world since the virtual worlds have their currencies and population.
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coinpass Uber Considers to Accept Crypto as Payment

Uber Considers to Accept Crypto as Payment

Uber might hop on the bitcoin bandwagon soon! The ride-hailing and food delivery company had conversations about enabling riders and eaters to pay in crypto. Due to its concerns about high transaction fees in exchanges and the environmental impact linked to mining, they still need time to understand the implications of crypto adoption. They are currently looking at the option of crypto as payment but there’s no disclosed time as to when they will officially add bitcoin as an option.
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coinpass YouTube to Launch Creator Tools To Integrate NFT Technology

YouTube to Launch Creator Tools To Integrate NFT Technology

Suggestions about Youtube expanding into NFTs have been going on for weeks. In a blog post by the YouTube chief product officer, Neal Mohan finally announced their plans to integrate the technology into its creator tools. To expand monetization, the online video sharing platform will launch these new tools that allow creators to sell content as NFTs so their fans can “own” videos.
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