Crypto Exchange

Former U.S. Treasurer says XRP is for payments and bitcoin for speculation.

Amid the ongoing legal battle between Ripple and United States securities regulators, former U.S. Treasurer and Ripple board member Rosa Rios voiced support for XRP. The former Treasurer, who joined Ripple's board of directors in May 2021, took to...

China bans all cryptocurrencies, bitcoin falls.

According to the Reuters report, China's most powerful regulators announced a complete blanket ban on all crypto transactions and mining. China intensified its crackdown on cryptocurrencies on Friday in a sudden move to put a complete ban on cryptocurrencies....

U.S. Fed Chair Jerome Powell says they are not behind on CBDC.

Federal Reserve Chairman Jerome Powell has shared the progress of the Fed's work on a central bank digital currency (CBDC), the digital dollar. "We are working proactively to evaluate whether to issue a CBDC and, if so, in what...

Value of the entire crypto market declines to a low of $1.7 trillion.

The market value of cryptocurrencies declined to a low of $1.7 trillion today from $2.12 trillion on Monday, down 16.5 percent in 48 hours, resulting in a loss of over $350 billion, according to the data from the crypto...

Russian court confirms arrest warrants for Finiko crypto pyramid’s founders.

The Supreme Court of Tatarstan, a republic of the Russian Federation, has confirmed the arrest warrants issued in absentia for the founders of Finiko crypto pyramid founders Zygmunt Zygmuntovich and Marat and Edward Sabirov. The three wanted men are...

Africa’s crypto market grew by 1200 % in the last year.

The continent of Africa may have the smallest cryptocurrency market share globally, but it has seen some of the highest growth in adoption in the past year. According to a report by Chainalysis, Africa had recorded 1,200% growth since...

Over 30 crypto exchanges expected to announce shutdown in South Korea over new regulations.

According to the Korea Herald report, the time has run out for cryptocurrency exchanges to announce the closure of their services if they would not be operable after Sept. 24, marking a critical time that will decide the fate...

Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30 June 2021. The company's net revenues reached $167.5 million in the latest quarter, the highest in the company's operating history....

Africa sees a significant rise in crypto adoption.

Global cryptocurrency adoption is on the rise. Emerging economies across Asia have seen a significant jump in the overall users of digital currencies over the last few months. But, the content of Africa is becoming an exciting and dynamic...

A new regulatory overhaul could put at least 40 crypto exchanges out of business in South Korea.

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). The...

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The European Central Bank appoints an advisory group for the digital euro project.

The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group. This organization will give council to...