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64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA Says

A growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is […]

Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System

Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto […]

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a […]

Indians Hold $40 Billion in Cryptocurrency, Report Suggests

Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past […]

Ark Invest Files for a Bitcoin ETF

Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s […]

Deutsche Börse Group Acquires Major Stake in Swiss Firm Crypto Finance AG

On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to […]

Craig Wright Wins Default Judgment Against Cobra — Bitcoin.org Forced to Remove White Paper

The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well. […]

Coinbase Approved to Enter German Cryptocurrency Market

Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks. Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency license in Germany. The company explained: “The German Federal Financial Supervisory Authority (Bafin) has awarded Coinbase Germany […]

Biggest Crypto Losers: Coins That Dipped the Most in June

The blockchain-cryptocurrency domain has been on a roller coaster ride in 2021. Recently, bitcoin crossed $60,000 in the wake of mainstream crypto adoption and might soon cross the $100K, according to some experts. But then, a series of events led to a slump in the market, with prices plummeting rapidly. Some cryptocurrencies that were doing […]

Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform

Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.” TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform […]

Crypto ‘Undo Button’ Creator Kirobo Gives You Control Over Your Money

Have you ever dreaded pressing ‘send’ on a crypto transaction, fearing you might have entered a wrong address by mistake? Kirobo is the innovative company that developed a solution for that, in the form of an ‘undo button’ that helps protect your funds. Learn how you can use the ‘undo button’ right now and never […]

Legendary Hip-Hop Artist Jay-Z Enters the NFT Sphere — Rapper Lauds Blockchain and Smart Contracts

Widely regarded as one of the most influential hip-hop artists in history, Shawn Carter, professionally known as Jay-Z, has been dipping his toes into the ocean of non-fungible token (NFT) collectibles recently. The American rapper has also partnered with Sotheby’s to auction an NFT called “Heir to the Throne.” Further, Twitter CEO Jack Dorsey and […]

Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees

A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting parents and guardians of the students. Move Consistent With Global Trends As reported by the […]

Myriad Proof-of-Work Blockchains See Significant Hashrate Losses

While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable dedicated hashpower over the last few days. PoW Chains Feel the […]

Deutsche Börse Group acquires majority stake in Crypto Finance AG

Deutsche Börse Group, an international exchange organization, announced today it has acquired a majority stake in Crypto Finance AG, a financial group under consolidated FINMA supervision that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse further extends its offering for digital assets by providing a […]

Mysterious Bitcoin Maximalist Mircea Popescu Allegedly Found Dead

Mpex founder and Bitcoin evangelist Mircea Popescu reportedly drowned off the coast of Costa Rica, adding to the mystery surrounding the man, his purported bitcoin fortune, and what it might mean for the future of the network. Father of “Bitcoin Toxicity” Faced No Shortage of Controversy Just like the pseudonymous Satoshi Nakamato sparked a thrilling […]

Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]

JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market […]

Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal

A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” said the Dogecoin developer who submitted the proposal. Elon Musk […]