Cryptocurrency

A flood of class-action lawsuits filed against major crypto companies in the United States

According to the Offshore Alert report, a flood of class-action lawsuits was filed against several major crypto companies for allegedly selling crypto tokens to US investors that were, in fact, not registered with the US SEC. The class-action lawsuits...

Miners Shutting Down – Is Bitcoin in a big trouble?

Bitcoin's hashrate dropped from 133.29 EH/S, the highest since the start of 2020, to 108.16 on 12th March, when the price of the leading cryptocurrency plunged below $4,000. Since then, the hashrate has been continuously falling as miners face...

South Korea’s central bank launches a pilot program to test its digital currency

The Bank of Korea, the country's central bank, has launched a pilot program for testing digital WON in the country that would run till December 2021. The 22-month long program is launched with the aim to identify technical and...

Japan all set to implement new crypto regulations starting May 1

The Japanese House of Representatives had passed two legislation to regulate the crypto industry in the country. The legislation were scheduled to come into effect starting in April, but due to unexpected delays, no enforcement date was announced until...

Crypto Rating Council adds securities ratings for IOTA, BAT and USDC

Crypto Rating Council evaluates different cryptocurrencies on different aspects, including whether they should be classified as securities or not. The council was formed in September last year, and it is backed by major crypto firms based in the United...

Stellar to donate 2.5 million Lumens to help fight the coronavirus pandemic.

The Stellar Development Foundation announced to donate 2.5 million Lumens to six charities to help fight the coronavirus pandemic. The foundation has also called on the community to help in the time of crisis. Several other crypto companies have...

Why is the Spanish Government sending notices to 66,000 Cryptocurrency owners?

Europa Press, the Agencia Estatal de Administración Tributaria (AEAT), recently reported that the Spanish Government is sending notices to over 66,000 cryptocurrency owners in the country. Last year, the numbers of letters were just 14,700. But this year the...

Bitcoin briefly reaches above $7,000 as stock markets rally.

Despite the overly negative economic landscape due to the coronavirus outbreak, assets across the board rallied on Thursday, including equities, commodities, and oil. The price of bitcoin also witnessed a surge above the $7,000 mark after a long time...

Binance officially acquires CoinMarketCap for an undisclosed sum

Binance announced that it has completed the acquisition of CoinMarketCap, the world's most-referenced cryptocurrency data tracking site. Over the last couple of years, Binance has made several acquisitions all over the world to make cryptocurrency accessible to people. Earlier,...

Bitcoin mining industry suffers due to coronavirus outbreak.

As the world continues to fight the coronavirus pandemic, financial markets all over the continue to plunge. The Crypto industry also has not been immune to the coronavirus outbreak as the leading cryptocurrency witnessed massive swings last month. The...

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Dow Jones rises 1100 points, S&P 500 (SPX) rises 5% after decline in new COVID-19 cases in New York

The opening hour of Monday brought back a huge smile on the faces of the investors in Wall Street....