Cryptocurrency

Chinese government agency unveils roadmap for blockchain adoption.

The Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology have unveiled guidelines designed to accelerate the country's adoption and use of blockchain technologies. The ministry set out plans encompassing four separate areas for adoption....

PBoC official says digital yuan wallets are “inclusive.”

China's digital yuan wallets are designed to ensure everyone can use them and in different formats, according to Mu Changchun, director-general of the central bank's Digital Currency Research Institute. The e-yuan can be stored in various kinds of wallets,...

Russian Court bans websites describing how to exchange cryptocurrency for fiat cash.

The Kungur City Court in the Russian Perm Krai region upheld a request filed by the Beryozovsky District Prosecutor's Office to take down several websites describing various methods of cashing out bitcoin. The prosecutors who discovered the crypto platforms...

U.S. SEC warns investors about the risks of Bitcoin futures trading.

The U.S. Securities and Exchange Commission (SEC) has warned investors about the risks of Bitcoin futures trading. The financial regulator cited market volatility, a lack of regulation, and fraud to warn investors against the risk of the bitcoin futures...

Bitcoin price sees a spike after El Salvador passes a bill to make it legal tender.

Bitcoin witnessed a noticeable surge in its price on Wednesday after El Salvador passed a law to adopt bitcoin as legal tender. The cryptocurrency is trading near $47,000 at the time of writing, 8% up in the last 24...

Crypto exchange Kraken tightens up KYC rules for U.S. margin trading users.

Cryptocurrency exchange Kraken announced that it would stop margin trading services for U.S. traders who fail to register with new KYC rules. The crypto exchange published a blog post stating that, from June 23, users who have only verified up until...

US Senator Elizabeth Warren says crypto is bogus and a lousy investment.

US Democratic Senator Elizabeth Warren went on a rant against cryptocurrencies during a session of the Senate Banking Committee discussing a US government-backed central bank digital currency on Wednesday. Comparing decentralized crypto assets to a CBDC, the Senator said...

Bitcoin is set to become a replacement for gold, says Anthony Scaramucci.

Investors will need to accept the trajectory and level of volatility in bitcoin as the digital currency becomes more widely adopted globally, SkyBridge Capital’s Anthony Scaramucci said in an interview with CNBC. Following a run to an all-time high...

El Salvador moves to make bitcoin legal tender.

El Salvador's President Nayib Bukele has submitted a draft bill that would recognize the leading cryptocurrency bitcoin as legal tender in the country. The President announced the move on Twitter on June 9. Earlier, the Central American country's President...

The recent craze in Bitcoin is similar to the gold rush of 1848, says Ken Moelis.

In a recent interview with Bloomberg, Ken Moelis, an American billionaire and investment banker, said that the recent craze in Bitcoin is similar to the gold rush of 1848. Commenting about the cryptocurrency market's future, the investor banker mentioned that there...

Latest News

China extends its crypto mining crackdown to Sichuan.

Most of the crypto mining happens in China, accounting for more than half of global bitcoin production. But the...