After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’

Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price. дальше »

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. дальше »

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FBI Seizes 800 Beverly Hills Safety Deposit Boxes With $86M, Attorneys Claim Fed’s Raid ‘Unconstitutional’

The Federal Bureau Investigation (FBI) is under fire for an alleged unconstitutional seizure of 800 safety deposit boxes in Beverly Hills. According to reports, the FBI confiscated $86 million in cash, jewelry, and thousands of gold and silver bars. дальше »

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Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples

There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service. […] дальше »

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DAO Maker Reports New Usage Records For Its Strong Holder Offering (SHO)

DAO Maker, an investment platform that creates growth technologies and funding frameworks for startups, announces the highest record of its Strong Holder offering (SHO) registration for Formation Fi, following a recent press release. дальше »

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Still Working with Binance.US, Clarifies Silvergate Bank After the Reports of Cutting Ties with Binance

Crypto-friendly Silvergate Bank took to Twitter to confirm that they are working with cryptocurrency exchange Binance. US in “good standing. ” Binance. US is “an active participant on the Silvergate Exchange Network,” added the bank late on Thursday. дальше »

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Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

Reports have emerged that hackers were paid $11 million in Bitcoin following an attack on JBS USA Holdings, a meatpacking firm that supplies 1/5 of the country’s meat. Following the recent Colonial Pipeline hack debacle, which raised doubts on the story’s legitimacy, observers are watching this latest cyberattack with wariness. Hacker Group REvil Demanded Bitcoin […] дальше »

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India Reverses Crypto Stance, Considers Classifying Bitcoin As An Asset Class: Report

After years of India's hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India's Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin's classification as an asset class. дальше »

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Coinbase Allies with 401(k) Provider to Bring Bitcoin (BTC) to Retirement Plans

The institutional arm of Coinbase Global has partnered with ForUsAll Inc. —a 401(k) provider—to allow workers under their administration to invest up to five percent of their account balances in crypto, the WSJ reports on June 10. дальше »

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Unbound Finance Completes Strategic Funding Round With $5.8 Million Raised

Decentralized financial protocol Unbound Finance reports impressive $5.8 million raised as it strategic funding round attracts top VCs дальше »

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Chainalysis reports US investors raked in over $4BN from Bitcoin

Cryptocurrency traders in the US earned roughly $4 billion last year from Bitcoin investment,… The post Chainalysis reports US investors raked in over $4BN from Bitcoin appeared first on Coin Journal. дальше »

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China Back on Attack Mode, Internet Blocking Exchanges & Bitcoin Miners Ordered to Shut Down

This time, Bitcoin price is not responding to the reports of a crackdown from China which extends beyond the crypto sector, ahead of the 100th anniversary of the ruling Communist Party on July 1, trading around $36,500. дальше »

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Bitcoin Miners in Xinjiang’s Largest Tech Park Ordered to Shut Down

Bitcoin miners in Zhundong, Xinjiang, China, have been told to shut down their rigs, The Block, on June 9, reports. The Blow in Zhundong Officials in Zhundong, acting on orders from the Changji prefecture government in Xinjiang, were instructed to shut down Bitcoin and cryptocurrency mining operations in the Zhundong Economic Technological Development Park byRead More дальше »

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Amid Heavy Selling By Miners, Analysts Brace For Further Bearish Momentum

Activity on the Bitcoin network is beginning to ebb due to lack of clear signs as to the market direction, claims Glassnode, a popular blockchain analytics firm. Despite earlier reports that more whales were accumulating, data shows the demand for Bitcoin and Ethereum has “fallen drastically” in the past week. According to Glassnode, the BTC […] дальше »

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White House Tech Advisor Holds Up to $5M in Bitcoin

A leading advisor to President Biden on technology and antitrust policy keeps a large portion of his wealth in the bitcoin and other cryptocurrency assets according to reports. The post White House Tech Advisor Holds Up to $5M in Bitcoin appeared first on BeInCrypto. дальше »

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Reports suggest BlockFi seeks to raise millions at a valuation of $5B

Financiers from New York and London are said to be leading the private investment round, according to reports.

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Algorand DeFi app Yieldy reports $8 million TVL in first 48 hours

Yieldly. Finance, the first DeFi platform built on the Algorand blockchain, today revealed that $8 million USD in ALGO has already been staked — placing Yieldy within the top 40 DeFi protocols by yield TVL in under 2 days post-launch. дальше »

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Algorand DeFi app Yieldy reports $8M TVL in first 48 hours

Yieldly, a DeFi platform for Algorand, today unveiled total value locked (TVL) in the protocol reached $8M worth of ALGO in just two days following launch. This milestone places Yieldy within the top 40 DeFi protocols by yield TVL. дальше »

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South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban

Crypto regulation is gaining traction by the day, and the latest is in the Asian nation South Korea. ‘Bicycling’ Creates ‘Conflict Of Interest’ The top regulatory body of the South Korean financial market, the Financial Services Commission, is bringing to an end the practice of ‘bicycling' by crypto exchange operators, per reports from a local […] The post South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban first appeared on BitcoinExchangeGuide. дальше »

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Korean Crypto Exchange Employees Could Face Heavy Fines for Trading

Reports are emerging that the government in South Korea is mulling a proposal to fine employees of cryptocurrency exchanges for trading in digital assets. The post Korean Crypto Exchange Employees Could Face Heavy Fines for Trading appeared first on BeInCrypto. дальше »

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Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […] дальше »

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Did Bitcoin Just Stumble Below $36,000 On Reports Of Chinese Weibo Blocking Many Crypto-Related Accounts?

The recent regulatory crackdown on bitcoin and crypto in China has reached a new dimension, with the country’s social media giant Weibo banning several crypto-related accounts. The news was reported by Colin Wu or Wu Blockchain on Twitter, the author of the Chinese crypto newsletter Wublock, who described this as “the harshest suspension of crypto […] дальше »

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South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. дальше »

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JPMorgan Posts Crypto-Related Job Openings Signaling Crypto Ambitions

US bank JPMorgan Chase & Co. seems to be making new plans to enter the cryptocurrency scene. The bank’s recent job openings have led to reports of its growing cryptocurrency ambitions. JPMorgan’s Blockchain Jobs Openings for positions like “Cryptocurrency Risk Manager Vice President and Merchant Services-VP, Payments Partnerships (New Payment Methods)” can be seen on […] The post JPMorgan Posts Crypto-Related Job Openings Signaling Crypto Ambitions first appeared on BitcoinExchangeGuide. дальше »

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Institutional Investors Reconsider Gold Amidst Bitcoin Price Crash 

J.P.Morgan analysts have revealed that the bitcoin (BTC) price dip witnessed in recent weeks has succeeded in weakening institutional investors’ appetite. The analysts note that there has been a considerable level of outflows from bitcoin funds while gold exchange-traded funds continue to see a decent level of inflows, according to reports on June 1, 2021.Read More дальше »

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Riksbank Governor Believes Crypto Regulation is Certain, But Exchanges & Trading Is Already Regulated

Cryptocurrencies like Bitcoin won't evade regulation, according to Sveriges Riksbank (Sweden's apex bank) boss Stefan Ingves. Crypto Regulation Coming Soon Sweden’s central bank governor Stefan Ingves said that Bitcoin’s popularity had caught the attention of regulators worldwide, Bloomberg reports. дальше »

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Argentinians turn to Bitcoin mining to support livelihood amidst failing economy

In the heart of an economic crisis, ultra-low utility costs are enabling Argentinians to bank on mining Bitcoin (BTC) as foreign miners head for their piece of the electricity cake, local reports said. дальше »

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Centralized Crypto Exchanges’ Trading Volumes Surpassed $2 Trillion in May 

The monthly trading volume of centralized cryptocurrency exchanges hit a fresh all-time high of over $2 trillion in May, with Changpeng Zhao’s Binance leading the charge with nearly $1. 5 trillion in trading volume, followed by Coinbase, reports TheBlock on May 31, 2021. дальше »

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Thailand SEC to Targets Decentralized Finance (DeFi), Drafts New Regulations

Thailand's Securities and Exchange Commission (SEC) is set to draft new regulations regarding decentralized finance (DeFi) projects. DeFi Platforms May Require License Soon According to reports from Bangkok post, DeFi platforms may require a license to operate in Thailand soon. дальше »

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India’s Central Bank Orders Uninhibited Crypto Trading

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Chinese Officials Are Investigating Crypto Mining Operations

Regulators in China’s Sichuan province are gathering information on cryptocurrency mining, potentially leading to a full crackdown on the practice, Reuters reports. The news comes after the Chinese government announced it will  “crack down on bitcoin mining and trading behavior, and resolutely prevent the transfer of individual risks to the society” according to a statement. дальше »

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Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it

According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies. The post Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it appeared first on CryptoSlate. дальше »

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Nvidia reports record earnings, claims it's 'hard to determine' impact of crypto miners

Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry. дальше »

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Polygon-Based DFYN Reports User Growth of 128% in 24 Hours

Multi-chain exchange DFYN, which operates on the Polygon Network, has seen a massive influx of new users in a very short span of time. The post Polygon-Based DFYN Reports User Growth of 128% in 24 Hours appeared first on BeInCrypto. дальше »

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Fidelity's Bitcoin Fund Reports Over $100 Million in Sales

Fidelity Investments' Bitcoin index fund has raised a whopping $102 million дальше »

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Korean students say crypto trading gives them stress, causes insomnia

Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times. дальше »

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Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million

There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports. дальше »

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Diginex reports record daily trading volume of $200M on its crypto exchange EQUOS

CryptoNinjas » Diginex reports record daily trading volume of $200M on its crypto exchange EQUOS Diginex, a crypto-asset services company, today announced that combined 24-hour spot and derivative volumes on its cryptocurrency exchange EQUOS, reached a record high, exceeding USD $200 million on May 20, 2021. дальше »

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Every fifth hedge fund already invests in cryptocurrencies, reports PwC

Around 21% of traditional hedge funds in the world have already invested in cryptocurrencies—while crypto-focused ones doubled their assets under management (AUM) over the course of 2020, says a new report by professional services network PricewaterhouseCoopers (PwC). дальше »

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Getting Familiar With Bitcoin

Bitcoin is a topic that everyone is interested in these days. This cryptocurrency keeps breaking all records in value and remains a trending topic in the financial industry. Reports state that as of 2021, there are over 5 million people that have invested in it. дальше »

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Users Massively Withdraw Bitcoin from Exchanges, While BTC Deposits Hit 4-Month Low

Recent analytics reports show that large amounts of users are withdrawing Bitcoin from crypto exchanges and number of BTC deposits has hit a new low дальше »

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What is Manchester City up to in the NFT space lately?

English Premier League champions Manchester City will be releasing an NFT collection to celebrate their title win, according to reports. The club, which is also the reigning EFL Cup champions, will be launching the collection in collaboration with NEM Group, with the help of Liverpool legend Sir Kenny Dalglish and former African player of the […] The post What is Manchester City up to in the NFT space lately? appeared first on Invezz. дальше »

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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities

The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More дальше »

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Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about cryptocurrencies. дальше »

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China Bans Banks From Using Cryptocurrency, Causing Worldwide Crash

China has banned any financial institutions and payment companies from doing any business related to cryptocurrencies, Reuters reports. The cryptocurrency market is flourishing in the country, despite crypto exchanges and initial coin offerings being banned in the country. дальше »

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Robinhood’s IPO Filing Is Imminent, Targets Late June For Market Debut

Stock trading app Robinhood is moving closer to revealing details of its much anticipated initial public offering (IPO). Bloomberg reports that the company plans to disclose its filing with the Securities and Exchange Commission next week as it targets June for its market debut. дальше »

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What Elon Musk’s Vision Of The Dogecoin Moon Could Look Like

Is this what Elon Musk wanted? To constantly be present on every type of news outlet? The bastion of quality journalism known as Page Six reports that the billionaire, his rockstar girlfriend, and musical guest Miley Cirrus went to a Dogecoin-themed party. дальше »

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Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams

The U. S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. дальше »

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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36. дальше »

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Galaxy Digital Reports $860M in Net Income in Q1 2021 and Surpasses $1 Billion in AUM

Mike Novogratz’s Galaxy Digital reported a profitable Q1 2021 with $860.2 million in net comprehensive income, a complete turnaround from the $27 million loss in Q1 2020. Novogratz, founder, and CEO of Galaxy Digital said, “Galaxy Digital reported another consecutive record quarter, as net comprehensive income grew to $860 million from $336 million in the […] The post Galaxy Digital Reports 0M in Net Income in Q1 2021 and Surpasses Billion in AUM first appeared on BitcoinExchangeGuide. дальше »

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