For quite some time now, the FTX CEO was helping many crypto firms that some crypto community members think of it as some signals When Anthony Scaramucci, founder of Skybridge Capital, said that sever...
Category: Crypto
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UK regulator appoints new digital assets director to oversee crypto
The UK’s Financial Conduct Authority (FCA) has appointed the director of the multi-agency National Economic Crime Command (NECC) as its new director of payments and digital assets. The regulato...
Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability
The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater integration into the traditional finance system. The Financial Stability Repor...
H20 Securities Owned Crypto Water Token H20N Raises $150M
Altcoin News These tokens will be used to direct funds for water delivery infrastructure. Water plant owners and their customers will utilize H20N to pay their accounts. H20 Securities, situated in So...
World’s Largest Public Bitcoin Miner Sells 79% of Its BTC Holdings, What This Means for Crypto Market
Gamza Khanzadaev Bitcoin miners cannot stand bear market pressure, sell to survive Core Scientific, the largest publicly traded mining company, reported its results for the first half of 2022. Of part...
Specialized Investigation Unit For Crypto Crimes Launched by Brazil
52 mins ago | 2 mins read Bitcoin News The unit will alert and educate users about the dangers of using digital assets. Meinberg did not reveal the number of agents in the crypto unit. Traditional int...
India’s crypto tax impacted trading frequency of 83% of traders, says survey
A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequ...
Plugin & Sumunnati, Agri-Insurance Amplified Through Climatic Variables – crypto.news
The collaboration employs current climatic data for providing knowledge to farmers. The data from Plugin will educate peasants and guide in agricultural activities. Plugin (PLI) and Sumunnati joined h...
Two Rocky Mountain States Greenlight Crypto Tax Payment Programs
A pair of U.S. states are following through with programs permitting people to make tax payments in cryptocurrency. The revenue departments of Colorado and Utah are introducing programs that will enab...
With the bear market in full throttle, crypto derivatives retain their popularity
The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors...
Bank of England calls for ‘enhanced’ crypto regulatory framework
The Bank of England said activity in the crypto market must be addressed as the industry continues to grow. The bank’s Financial Policy Committee (FPC) briefly addressed cryptocurrencies in its finan...
Jim Cramer Believes Crypto Has Much More Room to Fall
Alex Dovbnya Cryptocurrency industry appears to be imploding, according to CNBC’s Jim Cramer Longtime CNBC host Jim Cramer lashed out at cryptocurrencies earlier today, claiming that the asset c...
Bank of England Calls For Stricter Crypto Regulation Amid Market Downturn
The Bank of England (BoE) is calling for stricter regulations on crypto after the recent market downturn to safeguard against the potential financial stability risks they could pose. BoE Calls for Str...
Crypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE
The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion. In the ...
Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis
Defi News On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lend...
U.S. states rethinking crypto tax payments amid bear market
U.S. states except for Colorado and Utah are rethinking allowing tax payments due to bear market prices, Bloomberg News reported July 5. While Colorado and Utah didn’t flinch, they have logistical pro...
Top Crypto Trader Predicts Rally for Ethereum Rival Solana (SOL), Updates Outlook on ETH and STEPN (GMT)
A popular analyst is setting price targets for Ethereum challenger Solana (SOL) while forecasting what’s next for ETH and STEPN (GMT). Pseudonymous analyst Altcoin Sherpa tells his 179,900 Twitter fol...
What Makes DeFiChain One of the Best Blockchains for dApps – crypto.news
DeFiChain (DFI) combines the flexibility of proof-of-stake (PoS) blockchains with the security and robustness of the Bitcoin network to offer developers a straightforward platform for the creation of ...
Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report
Crypto lender Nexo is announcing intentions to buy another lending platform in the industry as markets continue to struggle. According to a Reuters report, a new statement from the London-based Nexo s...
Lido Staked ETH (stETH) Close To Ethereum Price, Why It’s Good For Crypto
Lido Staked Ethereum (stETH) slowly repegs with Ethereum (ETH) as total staking assets rose on DeFi liquidity giant Lido. stETH-ETH peg has improved to 0.9778 with the stETH price trading closer to Et...
While Crypto Sunk Down, NFT Gone To Town
But there is one Web3 technology which is soaring in these bear markets. These are ‘Generative NFTs’. If we talk about the USD figures, Mapan’s Art Block NFT was launched at around 2,100$ ...
Nexo Begins Potential Acquisition Process of Rival Crypto Lender Vauld
Shortly after Vauld announced withdrawals suspension, Nexo revealed it signed an indicative term sheet. The company also mentioned the plan to acquire Vauld. London-based crypto lender Nexo has starte...
BoE calls for tougher rules as crypto market plunges $2 trillion
Bank of England’s (BoE) Financial Policy Committee believes the crypto industry needs more stringent regulations as the crypto market cap’s decline from almost $3 trillion in late 2021 to $900 billion...
U.K. Wants Public Views on Taxation of DeFi Loans and Crypto Staking
The United Kingdom (UK) has launched a call for evidence seeking public views on the taxation of crypto-backed loans and staking in the context of decentralized finance (DeFi). The call for evidence ...
The Crypto “Implosion” Won’t Stop Below $1T, Says Jim Cramer
CNBC’s Jim Cramer is a controversial figure in the crypto space. The host of the popular show “Mad Money” has been moving back and forth on its position on the nascent asset class and has been leaning...
Bank of America Sees Enormous Decline in Crypto Users
Alex Dovbnya Bank of America has recorded massive plunge in cryptocurrency users since November due to massive price plunge Bank of America has recorded a more than 50% drop in usage, according to dat...
Ethereum (ETH) Gas Fees Decrease, Digital Asset Investments Inflows Go Up – crypto.news
In total, digital asset investment products attracted over US$64 million in inflows over the last week. However, most of these were allocated to short-bitcoin investment products. In addition to the U...
Crypto Analyst Predicts Bitcoin (BTC) Triples in Price Based on One Metric – Here’s His Timeframe
One crypto analyst is comparing Bitcoin’s price action to one traditional stock to predict what’s next for BTC after a rocky last two months. In a new strategy session, the anonymous host of InvestAns...
World’s First Crypto Water Token Launches After Securing $150 Million
A South Africa-based company wants to change the way the world funds water projects by leveraging blockchain technology and has received backing worth $150 million from an investor. H2O Water Securiti...
Crypto Analyst Says Surging US Dollar To Come Down Hard on Bitcoin (BTC), Ethereum (ETH) and Stock Market
A popular crypto analyst warns the strength of the US Dollar Index (DXY) spells bad news for both digital assets and the stock market. Crypto trader Justin Bennett tells his 101,900 Twitter followers ...
Nexo starts process to potentially acquire troubled crypto lender Vauld
Crypto lender Nexo has started a process to potentially acquire rival Vauld after the latter abruptly halted customer withdrawals on Monday. Sharing the news exclusively with The Block on Tuesday, Nex...