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Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested so far. Over a Thousand Bitcoin Mining Machines Demolished in Malaysia […]

Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. Bithumb Global and Bithumb Singapore to Change […]

Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin. Jackson, Tennessee’s Mayor Is a Fan of […]

The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can be achieved … as long as countries work together.” The Committee on Payments and […]

The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is […]

On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way […]

According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar Is Being Developed, Others Claim the Salvadoran Stablecoin Idea Was Scrapped There’s lots […]

A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports are challenging that assertion. Ukrainian Company Files Complaints Against SBU Raid on Its Facility […]

This week the Italian luxury fashion house founded in 1985 in Legnano by Italian designers Domenico Dolce and Stefano Gabbana has announced the firm is launching a non-fungible token (NFT) collection. Dolce & Gabbana also known as D&G will reveal the first-ever Alta Moda NFT collection called “DGGenesi.” D&G to Reveal Alta Moda-Inspired NFT Collection […]

Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of […]

Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level. “Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders top.” Jeffrey Gundlach Expects Bitcoin’s Price to Fall Below $23K Billionaire fund […]

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning the public about unregulated crypto trading platforms. The regulator addressed Binance in particular, stating that the […]

Street performers, or buskers, are leaning more toward digital platforms these days compared to the old method of accepting loose change. A report recently published by economists at RMIT University in Melbourne, Australia has found that in certain areas, buskers get more donations via digital payment methods like Paypal and bitcoin from people passing by, […]

Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on […]

The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies. However, in recent times the original dogecoin has faltered, and over the […]

U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said […]

Youtube superstar and rapper KSI, also known as JJ, has shared that he made millions of pounds investing in bitcoin and “lost it all” when the market “crashed.” Nonetheless, he still believes that bitcoin is the future and “eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s […]

PRESS RELEASE. Defi and blockchain-powered Metaverse, DeNations launches NFT art minting platform, giving away free yield-bearing NFT art to NFT art collectors DeNations is a blockchain-powered metaverse platform based in Hong Kong that everyone can own nations, build cities/civilizations, and earn tokens. In DeNations, ownership of core assets is represented by Ethereum NFT (Non-Fungible Token). […]

German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 […]