Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Hester Peirce is Against SEC Actions in LBRY Case
Reading Time: < 1 minuteCommissioner Hester Peirce of the SEC has expressed her belief that the agency could have better utilized their time and resources by focusing on developing a workable regulatory framework, rather than devoting them to the LBRY case.
Cryptos Are An Innovative Tool: Report
Reading Time: < 1 minuteCoinbase has discovered that a significant number of millennials in the US consider digital currencies to be an integral part of the modernization of the global financial system.
Gary Gensler Says Scams Are Abundant in Crypto Industry
Reading Time: < 1 minuteAccording to Gary Gensler, the chairman of the Securities and Exchange Commission, the digital asset industry is plagued by fraudulent activities, scams, bankruptcies, and money laundering.
Elliptic: The Share of Cryptos in Terrorism Financing is Small
Reading Time: < 1 minuteBlockchain experts, including Elliptic and Chainalysis, believe the use of virtual currencies by extremist groups is often overstated.
Report: US Residents Conducted $1T in Crypto Transactions in a Year
Reading Time: < 1 minuteBetween July 2022 and June 2023, US residents conducted over $1 trillion in cryptocurrency transactions, making it the highest in the world.
Developers Are Leaving the Bitcoin Industry: Report
Reading Time: < 1 minuteAs of October 1, 2023, there were 19,300 developers working on open source crypto projects, a decrease of 27% in 12 months according to a report by Electric Capital.
US Congress Urges Government to Deny Hamas Access to Crypto
Reading Time: < 1 minuteUS Congress members have urged the US government to prevent the Hamas group from accessing its cryptocurrency wallets.
BitGo Buys Asset Manager Software Developer HeightZero
Reading Time: < 1 minuteCrypto custodian BitGo has recently acquired HeightZero, a company that provides software for asset managers.
Trust Wallet Undergoes Rebranding
Reading Time: < 1 minuteTrust Wallet, a non-custodial cryptocurrency wallet, has undergone a rebranding campaign that includes a new logo and app design.
The BIS Launches Global Crypto Monitoring System
Reading Time: < 1 minuteA proof of concept for a dynamic display system for digital asset circulation was presented by the Bank for International Settlements (BIS).
Portugal Gives Support to EU Legislation on Crypto Regulation
Reading Time: < 1 minutePortugal is in support of this regulatory framework, but believes that oversight of cryptocurrency transactions should also happen on a global scale.
Court Gives Bitcoin Pyramid AirBit Club Employees Prison Sentences
Reading Time: < 1 minuteEmployees of the international cryptocurrency pyramid, AirBit Club, were sentenced to prison by the Southern District of New York court.
Shutdown Fears Stimulate Investments in Crypto Funds: Report
Reading Time: < 1 minuteFrom September 23 to September 29, there was an increase in investments in cryptocurrency products due to concern about a potential US government shutdown.
Bernstein Analysts Predict Cryptos’ Legalization Will Be Completed in 5 Years
Reading Time: < 1 minuteAccording 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 minuteCoinbase 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 minuteThe 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 minuteAccording 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 minuteTim 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 minuteSEC 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 minuteUkraine held the fifth position globally for cryptocurrency adoption in 2023.
Outflows From Crypto Funds Hit $455M: Report
Reading Time: < 1 minuteDuring 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 minuteRipple 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 minuteGary 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 minutePayPal 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 minutesDubai, 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 […]
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