Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Bernstein Analysts Predict Cryptos’ Legalization Will Be Completed in 5 Years
Reading Time: < 1 minute According to forecasts from Bernstein, the crypto market will likely be legalized in most countries around the world in the next five years.
Coinbase CEO Criticizes British Bank Chase Decision to Suspend Crypto Transactions
Reading Time: < 1 minute Coinbase CEO Brian Armstrong has expressed his thoughts on Chase Bank’s recent decision to cease cryptocurrency operations in the British market.
BlockFi Receives Approval to Implement Liquidation Plan
Reading Time: < 1 minute The bankruptcy proceedings for BlockFi, a crypto lending platform, have been granted court approval to move forward with their plan to cease operations.
Volume of Crypto Funds Increases to $650B: Bernstein
Reading Time: < 1 minute According to a report from the brokerage firm Bernstein, the assets under management of cryptocurrency funds are expected to increase to $650 million in the next five years.
Tim Draper Creates Accelerator to Support Crypto Startups
Reading Time: < 1 minute Tim Draper, a well-known investor and billionaire, has recently introduced Draper Goren Blockchain (DGB), a “venture studio” focused on driving innovation in the realm of decentralized finance through early-stage funding for crypto projects.
Hester Peirce: SEC’s Crypto Policy Might Change
Reading Time: < 1 minute SEC Commissioner Hester Peirce has acknowledged that the agency’s current stance on the crypto industry may see changes.
Ukraine Becomes 5th Country in Terms of Crypto Adoption: Report
Reading Time: < 1 minute Ukraine held the fifth position globally for cryptocurrency adoption in 2023.
Outflows From Crypto Funds Hit $455M: Report
Reading Time: < 1 minute During the period of September 9 to 15, a total of $54 million were withdrawn from cryptocurrency investment products.
Brad Garlinghouse Says US is Worst Country for Crypto Companies
Reading Time: < 1 minute Ripple CEO Brad Garlinghouse has reiterated his earlier claim that crypto companies are facing repressiveness in the US due to the harsh policies of the authorities.
Gary Gensler: The SEC Seeks to Regulate Crypto
Reading Time: < 1 minute Gary Gensler has stated in a Senate Banking Committee hearing that the majority of cryptocurrencies are regarded as securities and fall under the SEC’s jurisdiction.
PayPal Launches a Service to Convert Crypto into USD
Reading Time: < 1 minute PayPal has announced the launch of a service that will give U.S. residents the ability to exchange cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for US dollars.
LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem
Reading Time: 4 minutes Dubai, UAE, September 12th, 2023, Chainwire Unveiling a new era in cryptocurrency trading, LeveX brings to the fore an unprecedented integration of social trading into its platform, fostering a vibrant […]
Cryptocurrency Trading Volume in Spot and Derivatives Markets Declines by More Than 11%
Reading Time: < 1 minute CCData has observed a decrease in cryptocurrency market participation over the last few months.
Accused of Organizing $27M Crypto Fraud Are Arrested in Thailand
Reading Time: < 1 minute Over 3,280 victims were deceived by the bchgloballtd.com platform which is suspected of being involved in gold and USDT stablecoin investment frauds.
Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
Reading Time: 2 minutes London, United Kingdom, September 7th, 2023, Chainwire Bumper, a decentralised finance (DeFi) protocol, today launched its crypto options killer. The equation that underpins the protocol, promises jaw-dropping improvements over traditional […]
Phishing Scheme Targeting MetaMask Users is Discovered
Reading Time: < 1 minute MetaMask users must be wary of fraudsters as they are using government URLs from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other countries to deceive them and steal their assets.
Outflow from Crypto Funds Slows Down: Report
Reading Time: < 1 minute From August 26 to September 1, the outflow of funds from cryptocurrency investment products fell from $168M (the maximum since March 2023) to $11.2M.
Nigeria is Leader in Digital Currencies Adoption in Africa: Survey
Reading Time: < 1 minute A ConsenSys and YouGov survey of 15,158 people aged 18 to 65 years from 15 countries revealed that Nigeria is a leader in the adoption of digital currencies on the African continent.
More Than 50% of Turkish Residents Own Crypto: Survey
Reading Time: < 1 minute By 2022, the percentage of the Turkish population owning cryptocurrencies had risen to 40%.
Hong Kong Arrests Users for Laundering $15M Through Crypto
Reading Time: < 1 minute Hong Kong police have reportedly made 458 arrests in 314 money laundering cases involving approximately $60 million, of which a quarter is related to digital assets.
B2C2 Acquires Market Maker Woorton
Reading Time: < 1 minute B2C2, a cryptocurrency over-the-counter (OTC) platform, has acquired French market maker Woorton for an undisclosed amount as it seeks to expand into the European market.
Coin Center Sends Comments to US Senate on Crypto Taxation
Reading Time: < 1 minute In response to a request from the US Senate Finance Committee, Coin Center provided proposals for the taxation of digital assets.
Investments in European Crypto Funds Soar: Report
Reading Time: < 1 minute CoinShares reported that investments in European crypto funds (ETPs) have been steadily increasing over the course of the past three months.
New Zealand Not in the Hurry to Legalize Cryptocurrencies
Reading Time: < 1 minute The New Zealand House of Representatives backed an expert-prepared report which called on the country’s government to exercise caution when considering cryptocurrency regulations.
WonderFi CEO: Canadian Institutions Are Interested in Cryptos
Reading Time: < 1 minute Canadian financial companies and hedge funds have recently begun to take a closer look at the digital currency market.