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Cryptocurrency Latest News & Updates

This section covers fintech, blockchain and Bitcoin bringing you the latest news and analyses on the future of money.
Fri, 09 Dec 2022

FEC probe demanded after SBF 'admitted' to making dark money donations

Sam Bankman-Fried previously told crypto vlogger Tiffany Fong in an interview that all his republican donations "were dark."A watchdog group has demanded an investigation into Sam Bankman-Fried's political donations, clai...

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Thu, 08 Dec 2022

What Paul Krugman gets wrong about crypto

Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Pau...

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Thu, 08 Dec 2022

SEC calls on firms to disclose exposure to crypto bankruptcies and risks

The Securities and Exchange Commission's corporate finance division reminded companies of disclosure requirements and provided guidance to what else they want to know.The United States Securities and Exchange Commission (...

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Thu, 08 Dec 2022

US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact

The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than five megawatts.Three United States lawmakers have introduced legis...

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Thu, 08 Dec 2022

DMI finds CBDCs not targeting cross-border payments, huge potential in metaverse

The Digital Money Institute’s third annual payments report looks at central bank digital currencies for the first time, as well as other payment methods, through the lens of cross-border payment utility.Central bank dig...

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Thu, 08 Dec 2022

Ren protocol warns users to unwrap tokens or risk losses as upgrade looms

The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days.The developers of bridging platform Ren have warned users to unwrap their tokens and bridge them back to their nati...

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Thu, 08 Dec 2022

Countries and institutions move into crypto despite market drop: Report

November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.The crypto markets have been in decline since the start of the se...

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Thu, 08 Dec 2022

Paradigm releases 'Ethereum for Rust' to help ensure network stability

A previous version of Ethereum for Rust had been released by Erigon in June, but the team stopped supporting it due to a lack of resources.Web3 investment firm Paradigm has released a Rust implementation of Ethereum, acc...

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Thu, 08 Dec 2022

Total crypto market cap falls to $840B, but derivatives data shows traders are neutral

Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.The total cryptocurrency market capitalization has dropped 1.5% in the past seven da...

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Thu, 08 Dec 2022

BlockFi employees were discouraged from describing risks in internal communications: Report

According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales such as Three Arrows Capital and Alameda.Following ...

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Thu, 08 Dec 2022

Ethereum developers target March 2023 for Shanghai hard fork

Users will be able to withdrew their staked Ether and applicable rewards after the upgrade goes live.According to a discussion...

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Thu, 08 Dec 2022

US lawmakers question federal regulators on banks' ties to crypto firms

“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.Two members of the United States Senate have called on the h...

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Thu, 08 Dec 2022

Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.Algorithmic stablecoins have had a rough year, starting with TerraUS...

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Thu, 08 Dec 2022

Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV

The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale ...

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Thu, 08 Dec 2022

Nomad releases bridge relaunch guide after patching contract vulnerability

The Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds.The Nomad token bridge has announced its relaunch guide after fixing the contract vulnerability that led to a $19...

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Thu, 08 Dec 2022

Fintech Company ZELF launches anonymous Visa debit card with crypto recharge

The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.American fintech company ZELF has introduced an anonymous Visa debit card to be a...

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Thu, 08 Dec 2022

Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

BTC price action targets $17,000 amid gently increasing volatility, with a week to go until U.S. inflation data.Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall S...

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Thu, 08 Dec 2022

How do crypto hardware wallet firms make money?

All the companies that are involved in producing hardware crypto wallets have multiple revenue streams, either directly or indirectly.The hardware wallet industry has emerged as one of the most resilient sectors to the o...

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Thu, 08 Dec 2022

Newlyweds lose funds in FTX exchange a day after their wedding

“We could not sleep properly for a few days,” said Jaime Zulueta, as he told Cointelegraph the story of how he and his wife dealt with losing their funds at FTX.While it’s undeniable that companies were significant...

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Thu, 08 Dec 2022

Many Koinly staff point to poor communication, CEO in global layoffs

Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.Crypto tax firm Koinly announced cuts of up to 14% of its gl...

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Thu, 08 Dec 2022

Inside South Korea’s wild plan to dominate the metaverse

Many years ago, it was AI. Now, its metaverse, he says. From the governments perspective, […] as long as you dont have a coin itself, theyre willing to support a lot of these new technologiesDoo Wan Nam from StableNodeSouth ...

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Thu, 08 Dec 2022

What are crypto payment gateways and how do they work?

Cryptocurrency payment gateways are digital currency payment processors that allow merchants to offer cryptocurrencies as a payment method.The parallel development of payment processors for digital currencies is taking pl...

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Thu, 08 Dec 2022

Binance CEO, Coinbase exec feature in Masterclass crypto crash-course

Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.For the uninitiated, the world of cryptocurrencies and blockchain tec...

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Thu, 08 Dec 2022

Wemix delisting saga continues at South Korean court

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.A court in South Korea has supported the decision of local exchanges to delist Wemade...

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Thu, 08 Dec 2022

Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but th...

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Thu, 08 Dec 2022

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.The Japanese financial group Sumitomo Mitsui Financial Group (SMBC) is moving to explore the bene...

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Thu, 08 Dec 2022

The all-in-one approach at the foundation of next gen crypto investment platforms

ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right....

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Thu, 08 Dec 2022

More than 90% of consumers are curious about the Metaverse: Capgemini

The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike.Despite ...

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Thu, 08 Dec 2022

NFTs minted on FTX break, highlighting Web2 hosting flaws

NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art.The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle hav...

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Thu, 08 Dec 2022

Hong Kong to subject crypto exchanges to the same laws governing TradFi

The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.Hong Kong’s legislative council has ...

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