US topples China to become the leading destination for BTC miners
The US has become the leading contributor of Bitcoin’s (BTC) global hashrate, surpassing China for the first time. A report disclosed this news on October 13, citing new data from the Cambridge Centre for Alternative Finance, which scouted BTC electricity consumption across the globe. The university released its findings through the Cambridge Bitcoin Electricity Consumption […]
Jamie Dimon says BTC is worthless; JPMorgan clients believe otherwise
JPMorgan’s CEO, Jamie Dimon, has come out to bash Bitcoin (BTC) and the crypto industry as a whole again. Dimon shared his opinions during the Institute of International Finance (IIF) annual meeting, a seven-day event that brings together leaders in the financial services industry. In his speech, Dimon said BTC is worthless. However, he pointed […]
Pro-crypto Senator Cynthia Lummis discloses a BTC purchase of up to $100K
Senator Cynthia Lummis, Wyoming’s crypto-friendly representative, has disclosed that she bought as much as $100,000 worth of Bitcoin (BTC) on August 16. She revealed this news by filing a periodic transaction on October 7. Per the filing, Lummis purchased BTC worth between $50,000 and $100,000. At the time of the purchase, BTC was trading between […]
Texas continues positioning itself as a blockchain and crypto hub
The state of Texas is gunning for the leading crypto and blockchain hub title after welcoming Chinese crypto miners following a recent ban. A report unveiled this news on October 2, noting that the US state has expanded its Blockchain Council to include 70 members. Led by Lee Brachter, the council seeks to host the […]
Regulators are Investigating Stablecoin: Could this Bring About Regulatory Clarity?
Stablecoins are the cornerstone of solving the volatile price swings of cryptocurrencies. For this reason, top stablecoins have seen a surge in valuation on the backdrop of an overall bullish crypto market. However, stablecoins have recently become the target of regulators in the U.S who have raised concerns about stablecoins being a threatening sector that […]
Coinbase furthers crypto adoption by allowing direct paycheck deposits
San Francisco-based crypto exchange Coinbase is gearing up to launch a feature that allows US users to deposit paychecks into their online accounts directly. The company unveiled this news through a blog post on September 27, noting this feature will go live in the next few weeks. Through this service, the exchange seeks to help […]
Crypto exchanges rush to sever ties with Chinese users after a new crackdown
Crypto exchanges and crypto service providers in China are scrambling to cut ties with mainland China traders following a blanket ban on crypto trading and mining. A report unveiled this news earlier today, noting that the 10 Chinese government agencies plan to uphold a high-pressure clampdown on digital asset trading. The entities looking to enforce […]
Robinhood set to launch crypto wallets as its Bitcoin business expands
American financial services company Robinhood is gearing up to roll out crypto wallets within its app. The firm unveiled this news through a blog post on September 22, noting that this is its latest expansion into the crypto industry. Reportedly, the public brokerage company plans to start testing the crypto wallets with select clients in […]
Canadian securities authority publishes regulations for crypto exchanges
The Canadian Securities Administration (CSA), the countries equivalent of the US Securities Exchange Commission (SEC), has published a guideline for crypto exchanges. The authority released the document in conjunction with the Investment Industry Regulatory Organization of Canada (IIROC) on September 23. The rules revolve around the requirements that crypto-trading platforms need to meet regarding advertising, […]
US Treasury sanctions Suex exchange for facilitating ransomware attacks
The US Treasury Department’s Office of Foreign Assets Control (OFAC) is planning to sanction Suex, a crypto exchange that lets users buy and sell cryptos using regular credit cards. Per the agency, the exchange has been helping ransomware attackers launder their loot. A report unveiled this news on September 21, noting that this would be […]
US Senators call upon SEC Chair to offer crypto regulation guidance
Gary Gensler, the Chairman of the US Securities Exchange Commission (SEC), yesterday informed that the regulator is working tirelessly to create crypto rules. Speaking to the Senate Banking Committee, Gensler said the SEC is trying to create a set of regulations that supervise the volatile crypto market while considering the interests of American innovators. According […]
Elon Musk tweet sends FLOKI soaring and four other key events in the crypto world
The crypto market opened trading this week on a bearish note, with most assets bleeding. After soaring as high as $52,853.76 in the past week, Bitcoin (BTC) failed to maintain its bullish momentum and slipped back to $45,206.63 on Monday. At the time of writing, the leading cryptocurrency by market capitalization is changing hands at […]
South Korea’s exchange registration deadline set to wipe out $2.6B in assets
South Korea’s upcoming mandatory registration for crypto exchanges might potentially erase up to $2.6 billion worth of assets. A report unveiled this news on September 13, noting the Financial Services Commission (FSC), South Korea’s financial regulator, requires all exchanges operating in the country to register with it by September 24. Reportedly, the watchdog is enforcing […]
The NFT craze continues as a collection of carton apes nets $24M
Renowned auction house Sotheby’s completed the online sale of 101 non-fungible tokens (NFTs) from the Bored Ape Yacht Club collection yesterday. A report disclosed this news after the auction, noting that the collection, which features images of cartoon apes, fetched $24.4 million. This price exceeded Sotheby’s presale estimate of between $12 and $18 million, indicating […]
Solana (SOL) gains 13,000% year-to-date to become the 6th largest coin
Solana, a protocol that leverages the blockchain’s permissionless design to offer DeFi solutions, has become an internet sensation after the impressive performance of its native token, Solana (SOL). The coin has gained more than 13,000% since the year began, becoming a favorite investment for many in the crypto space. As a result, the coin surged […]
Solana (SOL) continues making moon shots; Flips DOGE to take 7th place
Solana, an open-source project that leverages the permission less nature of the blockchain to offer decentralized finance (DeFi) solutions, has recorded strong performance over the past few weeks. As a result, the network’s native coin SOL has been on a bullish rally that has seen it continue surging even as leading cryptocurrency correct downwards. This […]
Blockchain.com aims to go public after handling crypto transactions worth $1T
Blockchain.com, a renowned crypto exchange and wallet provider, is looking to go public following its explosive growth over the years. The company’s Chief Financial Officer, Macrina Kgil, disclosed this news during an interview on August 30. According to her, Blockchain.io could potentially launch an initial public offering as early as 2023. In the interview, Kgil […]
Japanese tennis star Naomi Osaka starts exploring crypto investments
Naomi Osaka, a Japanese professional tennis player, is mulling investing in crypto. A report unveiled this news earlier today, noting that the 23-year-old has been eyeing crypto investment for quite a while. Reportedly, her interest in the nascent asset class came after noticing the hype surrounding the nascent asset class. According to the report, Osaka […]
Vitalik Buterin shares his biggest regret about ETH as the coin inches closer to $4,000
Over the years, Ethereum has grown to become a global settlement network that handles an average of $9 billion in a day. The network is also home to a vast array of decentralized finance (DeFi) applications, smart contracts, and non-fungible tokens (NFTs). However, despite this success, Vitalik Buterin, one of the project’s co-founders, has some […]
Dogecoin gets fresh endorsements from Mark Cuban and Elon Musk
Dogecoin (DOGE), the seventh-largest cryptocurrency by capitalization, has received fresh backing from two of its biggest supporters. First came Mark Cuban, the owner of professional basketball team Dallas Mavericks, announcing that the team had launched a campaign dubbed Cryptomania. Reportedly, the team is giving fans e-gift cards as part of this campaign. Through Cryptomania, the […]
