The Bank of England has said that considering the current crypto mayhem, stricter market rules are essential in order to avoid any major risks to financial stability. Amid the recent market turmoil, t...
Category: Crypto
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How a fake job offer took down the world’s most popular crypto game
Rarely has a job application backfired more spectacularly than in the case of one senior engineer at Axie Infinity, whose interest in joining what turned out to be a fictitious company led to one of t...
70% of Millennials Crypto Owners Invest in IRA, Survey Shows
Irrespective of the current outlook in the digital currency ecosystem, the number of millennials dipping their foot in the space is growing by the day. According to a new survey report from AltoIRA, ...
Coca-Cola Taps NFTs to Celebrate Pride Month – crypto.news
Coca-Cola has launched 136 non-fungible tokens (NFTs) collectibles on the Polygon (MATIC) network in commemoration of Pride Month. The global soft drinks giant says the proceeds from the digital colle...
VanEc’s Crypto Lending Fund Grants $35m Investments from 2 Fairfax Retirement Funds
VanEck, a global investment manager that provides Exchange Traded Fund and Mutual Funds, announced that it has granted a $35 million direct investment from two Fairfax County retirement funds in Virgi...
Major Setback to U.K’s Crypto Community As Sunak and Glen Quit Boris Administration
Earlier this week, the Chancellor of the Exchequer Rishi Sunak and Economic Secretary to the Treasury John Glen resigned from the Boris Jhonson government which might come as a major setback for the c...
Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks – Regulation Bitcoin News
The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices...
Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government
Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of th...
Crypto Miner Core Scientific Dumps $165M Bitcoin to ‘Enhance Liquidity’
Crypto miner Core Scientific sold roughly $165 million worth of Bitcoin last month, as inflation and market turmoil piled on the pressure for public crypto companies. The NASDAQ-listed firm sold 7,202...
Voyager Stock Plummets Nearly 12% as Crypto Firm Files for Bankruptcy
Voyager Digital has become the second high-profile crypto firm to file for bankruptcy in recent days, joining the Singapore-based Three Arrows Capital (3AC) in doing so. The New York-based firm and it...
STRMNFT Announces Details of Aurora Cats NFT Airdrop – crypto.news
Aurora Cats, a newly developed NFT project, has officially announced an airdrop to all eligible STRMNFT users. This interesting new cat-themed NFT collection is all set to feature 10,000 intriguing an...
Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market – Featured Bitcoin News
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows tha...
More Liquidation Ahead Before the Crypto Market Recovers: Cumberland
Crypto trading firm Cumberland weighed into the ongoing trend of centralized digital asset firms falling apart amid a deepened liquidity crisis clouding the industry. It suggests that the overall mark...
Mike McGlone Thinks Next Six Months Will Turn Out Better for Crypto Market
Gamza Khanzadaev 1H was about purging excesses on crypto market, believes Bloomberg senior commodity strategist Mike McGlone, a leading commodity strategist at Bloomberg Intelligence, shared his mid-y...
Bank of England Wants Stricter Rules for Crypto to Avoid ‘Systemic Risk’
The Bank of England today called for better regulation of cryptocurrencies, noting “vulnerabilities” in the market. In the U.K. central bank’s Financial Stability Report published Tuesday, it said tha...
Ethereum Investment Product Sees Changes As $5M Weekly Inflows Are Recorded – crypto.news
The year did not begin on a sound footing for Ethereum investment products as it struggles to attract significant inflows from institutional investors. The outflows have been alarming, with a record $...
Ripple (XRP) and Cardano (ADA) stand ground in Crypto Collapse – will Mehracki (MKI) too?
Advertisement     Crypto winter 2022 is rough…but let’s look at the bigger picture here. This isn’t the first crypto winter to happen to the market and this isn’t the ...
Hardware crypto wallet sales increase as centralized exchanges scramble
Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled ...
‘Bitcoin Senator’ Lummis Says Her Crypto Bill Leaves Most SEC Oversight Intact
When Sen. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced their bipartisan Responsible Financial Innovation Act at the start of June, it was widely seen as as policy that would undercut...
Number of crypto users down 50%
A report by Bank of America shows how the number of crypto users has dropped by 50% in recent months. Source pic.twitter.com/oM391i7FOK — Watcher.Guru (@WatcherGuru) July 5, 2022 The crypto bear marke...
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia – Bitcoin News
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger a...
How Inaccurate Data Misled Investors to See Massive Outflows From This Crypto Exchange; BTC Holds Steady Over $20K
Yet, Nage also viewed positively bitcoin’s ability for much of the past month to remain in its current $18,000-$20,000 range. “Bitcoin has held steady around this trading pattern,” h...
Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus
Trading volumes across crypto exchanges in India have plummeted after a new transaction tax law was recently enforced. On July 1, 2022, the Indian Government legislated a 1% tax (called TDS, or Tax De...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’ – Bitcoin News
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets...
Jim Cramer Tweets About Crypto, But Community Doesn’t Find It Funny
Jim Cramer, the popular CNBC host, is tweeting once again about crypto, but the community is not finding the famous stock picker’s cryptic tweet amusing. This is because Cramer has a reputation ...
Exeno Launches Its Presale for Exeno Coin
The first company fully focused on the global crypto commerce platform announced the presale of exeno coin (EXN) on 1st July. Exeno offers a broad assortment of branded physical goods that users can p...
Bullish Continuations Imminent for Ethereum, Binance Coin and Fantom, According to Analyst Michaël van de Poppe
A popular analyst is bullish on the short-term prospects of three altcoins despite the gloomy sentiment surrounding the crypto markets. Crypto strategist Michaël van de Poppe tells his 614,500 Twitter...
Virginia Retirement Systems Invest in VanEck’s Crypto Lending Fund
Two retirement systems in Fairfax County, Virginia, distributed $35 million into VanEck’s cryptocurrency lending fund. The administrative region has experience in the digital asset industry since year...
Voyager Files for Chapter 11 Bankruptcy After Big Debt Default From Crypto Hedge Fund Three Arrows Capital
Embattled crypto brokerage Voyager Digital is filing for chapter 11 bankruptcy after a prominent borrower defaulted on a sizable loan. In a new press release, Voyager says the firm has commenced a res...