Crypto News

Cyprus Securities Exchange issues warning against unlicensed crypto exchanges.

The Cyprus Securities and Exchanges Commission (CySEC) has issued a warning against 11 foreign exchange and cryptocurrency exchanges on the island that are operating without proper licenses. The security exchange claims that most of the companies are based in...

Regulators in China’s Sichuan order crypto mining companies to shut down in an orderly manner

Regulators in China's Sichuan region have sent a notice to all crypto businesses within their jurisdiction end to all mining and mining-related activities in an orderly manner. Municipal administrators and subordinate offices in the region have also been directed...

Crypto adoption surges in African countries.

According to the report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya are frequently among the top ten countries by Google searches for the word "Bitcoin." Crypto adoption is making significant advances in...

Binance CEO believes it’s not too late to enter the crypto space.

The chief executive officer of one of the world's largest crypto exchanges Binance, Changpeng Zhao tweeted that everyone he has met that got into crypto, thinks they got in too late, no exceptions, himself included. Until five years later,...

The Central Bank of France carries out a successful digital euro trial.

Societe Generale and the central bank of France ran a digital currency transaction. The bank made a transaction of €40 million of bonds issued as security tokens for digital euros. The central bank said the test transaction shows the...

Ukraine closes in to provide legal status to crypto with a new bill.

The Ministry of Digital Transformation of Ukraine published a new draft bill, "On Virtual Assets," that aims to determine the legal status of cryptocurrencies. The law would regulate the circulation and issuance of crypto in the country. The current version of the...

Bitcoin mining machine maker Canaan reports $5.6 million net loss in Q1 of 2020.

The Chinese company Canaan cut prices of its ASIC-based bitcoin mining machines by nearly 50% to improve sales, but it wasn't enough to prevent the heavy loss. The demand for bitcoin mining rigs slumped as the coronavirus pandemic disrupted...

The central bank of Myanmar outlaws the use of cryptocurrencies in the country.

Myanmar's financial services regulator is not a fan of digital currencies, and it has made its stand quite clear. The Central Bank of Myanmar has recently announced that it had outlawed the use of cryptocurrencies in the country. However,...

Chinese authorities arrest 12 suspects accused of impersonating Huobi exchange officials.

According to local news reports, the Chinese police have arrested 12 people accused of operating a fake over-the-counter website and impersonating the officials from the crypto exchange Huobi. According to the report, the accused behind the crypto scam started...

Bank of Korea reports on how central banks around the world are approaching CBDC.

According to a report published by the Bank of Korea, central banks are increasingly considering launching digital currencies, as advances in blockchain and payment technology make it increasingly more feasible. The report builds on the bank's research into central...

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Bitmain threatens Micree Zhan with legal action for representing the company.

Chinese crypto mining machine manufacturer giant Bitmain issued statements confirming that Micree Zhan has been ousted and threatened him...