Twitter is going to be giving users the ability to buy and sell stocks, cryptocurrencies and other assets thanks to a new partnership with social trading company eToro, starting from Thursday.
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People in the Middle East & North Africa region have been turning more towards cryptocurrencies to pay remittances and preserve the value of their savings where major inflation is underway.
Bipartisan legislation being proposed would make small crypto transactions exempt from capital gains taxes in the U.S. This could help cryptocurrencies better perform their namesake task.
FTX is offering to help Voyager customers get a portion of their assets back if they sign up on FTX. The liquidity offer has not yet been taken up by Voyager and will be optional for users.
Tesla has announced that it sold off 75% of its Bitcoin during the second quarter of the year. During this period, Bitcoin was on its way down in price from its all-time-high of $69,000.
Mojang has said that it's banning the use of blockchain technologies, including NFTs, in Minecraft. This means online servers can't leverage the technology to sell in-game items either.
Coinbase has reassured users and investors that it is not exposed to any of the crypto companies that ran into financial difficulties this year. It blamed their lax attitude for their problems.
Tether has created a stablecoin pegged to the British pound. It will be available to buy from early July and is the fifth token linked to a fiat currency that the company has released.
Ukraine has just sold a donated CryptoPunks NFT for a huge 90 ETH - about $100,000 at the time of sale. The country will use the proceeds to buy more equipment for its war effort to repel Russia.
A new paper appears to show that the Bitcoin network while requiring a lot of power, is more energy-efficient than the existing electronic payment system used to send money between banks.
Industry insiders have warned that smaller cryptocurrencies face collapse amid the wider economic woes taking place. Some think this will be good as many junk projects will be removed from play.
The UK Treasury has outlined plans to regulate the stablecoin market to help better protect consumers. It could protect investors if other stablecoins collapse like TerraUSD did this month.
Fabio Panetta, an ECB board member, has said that work on the digital euro could tentatively start by the end of 2023. It could then be available to the public after about three years of work.
The UK government has announced that it's planning to regulate stablecoins. This would ensure that they're reliable and safe. It's also seeking to improve the tax system for cryptoassets.
An Australian regulator has sued Meta for allowing fraudulent ads showing celebrities promoting cryptocurrencies to run rampant on Facebook. One person reportedly lost almost $500,000.
A European Union Parliament committee has decided not to ban proof-of-work cryptocurrencies in the bloc. Such a ban would have affected the most popular cryptos including Bitcoin and Ethereum.
The UK's Financial Conduct Authority is clamping down on Bitcoin ATMs because they do not implement Know Your Customer (KYC) measures. Those who don't comply will face further action.
Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs.
All "cryptocurrency transactions" are now illegal in China, ruled the country's Supreme Court. The broad nature of the ruling suggests investing or trading in crypto tokens could be criminal.
Cryptocurrencies including Bitcoin saw a sharp drop in their prices today following Russia's invasion of Ukraine. The decline in prices anticipated European stock markets which are all down.
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SwissBorg held its annual meeting earlier, it outlined plans to scrap fees for P2P payments between SwissBorg users and its plan to reduce emissions related to crypto use on its platform.
Russia's Central Bank has proposed banning cryptocurrency mining, trading, exchanging, and investments claiming that Digital Payment Tokens threaten financial stability, and citizens' wellbeing.
The Opera Crypto Browser Project is a new type of web browser that comes with a built-in cryptocurrency wallet, but will allow different types as well. It is largely based on the new Web3 internet.
The Monetary Authority of Singapore has effectively banned all promotions of cryptocurrencies and services that deal in digital tokens. The regulator claims they are "high-risk" investments.
A new survey from Paysafe suggests that many people who hold cryptocurrencies would like to be paid in blockchain-based digital assets. Many responders also believe everyone will own crypto soon.
New data from Chainalysis shows that illicit cryptocurrency funds reached an all-time high in 2021, totalling $14 billion. Scams were the largest source of these illicit funds followed by theft.
Elon Musk has said Tesla will accept Dogecoin for purchases in the Tesla Shop. Items in the Tesla Shop include the Tesla Cyberwhistle, the Cyberquad for Kids, flasks, and an umbrella.
Bitcoin has tumbled more than 10% this morning hitting $43,000. This comes just weeks after Bitcoin hit a new high of $69,000. El Salvador's President also tweeted to say the country bought more BTC.
Google has said as many as 86% of hacked Google Cloud instances are being used to mine for cryptocurrencies. It said users should use better passwords and keep third-party software updated.
India may not ban cryptocurrencies outright after all, according to Zebpay co-CEO Avinash Shekhar. Based on meetings with the finance committee he believes high taxes on crypto will be levied instead.
Palau is the latest country to dabble in cryptocurrency. It has partnered with Ripple to develop a new USD-backed stablecoin. It could end up being the world's first government-backed stablecoin.
The cumulative cryptocurrency market cap has passed $3 trillion according to data from CoinGecko. It passed the $1 trillion and $2 trillion marks earlier this year too, just months apart.
Philip Hammond, the UK's former Chancellor, has stated that tokenisation, distributed ledgers and other cryptocurrency technologies will be used by the mainstream financial sector soon
Venezuela has become the latest country to adopt a digital currency. The new Digital Bolivar is available as paper money but can also be used over SMS to facilitate payments for goods and services.
The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets.
Today, Twitter announced that it is adding new payment methods for its tips feature including cryptocurrencies. The new feature will allow creators to receive tips from Twitter users via Bitcoin.
PayPal has launched a refreshed app on mobile, making it more convenient to use. It brings a whole plethora of features together making it your go-to app for most financial activities.
President Bukele of El Salvador has announced the country bought 150 more bitcoin bringing the total to 700 coins or 30.8 million U.S. dollars. It comes after he made bitcoin legal tender.
India's reserve bank governor has revealed that it could begin testing its Central Bank Digital Currency sometime in December. It could still take several years for a CBDC to become widespread though.
