Cryptocurrency News

After starting the year with around $66 billion, the market capitalization of the world's largest stablecoin is now approaching the $84 billion threshold.In May, Tether Holdings Ltd. released its quarterly assurance report, revealing a net profit of nearly $1.5 billion ...

Bitcoin has hit a fresh record high in terms of the supply held by long-term investors, according to recent data. Despite an anticipated interest rate increase by the Federal Reserve, the crypto giant's price continues to hold steady.Analysts have determined ...

Wall Street firms, including Fidelity Digital Assets, Charles Schwab, and Citadel Securities, have backed a new institutional crypto exchange platform, known as EDX Markets.Just days after the U.S. Securities and Exchange Commission (SEC) sued two of the world's largest crypto ...

Cryptocurrency prices tumbled after the Federal Reserve’s June meeting, with Bitcoin sliding below $25,000 for the first time since March.On Thursday, Bitcoin was weaker by around 4% at $24,866.92, while Ether slid more than 5% to $1,632.47. Altcoins also fell. ...

The United States Securities and Exchange Commission (SEC) has taken legal action against Binance, the world's largest cryptocurrency exchange, as well as its CEO and founder, Changpeng Zhao. The SEC's lawsuit accuses Binance of multiple violations, including the failure to restrict ...

The recently unveiled US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has shed light on an interesting aspect of the agreement: the removal of several proposed taxes, including the controversial Digital Asset Mining Energy (DAME) ...

The price of Bitcoin fell sharply after Binance, one of the biggest crypto exchanges in the world, experienced congestion on the Bitcoin network that temporarily led to withdrawals being halted.Bitcoin fell by about 4% to $27,787.05 in Monday’s trading. This ...

The EU Parliament has passed a groundbreaking cryptocurrency bill known as the Markets in Crypto Act (MiCA). The legislation will become law in 2024, putting the EU ahead of the US and UK. The legislation will primarily protect crypto traders by ...

Hong Kong is trying to rediscover its lost status as a financial hub by rolling out the red carpet to mainland-China crypto firms. After bankers and financial services experts left Hong Kong in droves in fear of tight COVID-19 curbs, ...

The price of Bitcoin rose on Tuesday, reaching the important psychological threshold of $30,000, as investors awaited new inflation data later in the week that could have a bearing on crypto prices.Bitcoin, the biggest cryptocurrency by market cap, jumped more ...

Cryptocurrency prices fell on Monday morning after the Commodity Futures and Trading Commission (CFTC) initiated court filings against Binance, the biggest crypto exchange in the world, for allegedly flouting trading rules. The price of Bitcoin softened 3% to $26,955, while ...

Silvergate Capital Corp., a traditional bank that positioned itself as a key settlement firm in the crypto world, announced last week it was discontinuing its crypto payments network. The firm, which combines fiat money services with digital-asset services, acts as ...

Scammers are taking advantage of the recent craze surrounding artificial intelligence (AI) chatbots by launching and selling fake crypto coins named after Microsoft’s chatbot ChatGPT. Blockchain analysis firm Peckshield reported that in the first seven weeks of 2023 alone, many dozens ...

In welcome news for crypto investors starved of positive stories, Tether Limited Inc. reported impressive final quarter earnings for 2022. The stablecoin recorded a $700 million net profit.The company had promised to rid itself of all commercial paper holdings (unsecured ...

Major crypto exchange Kraken has agreed to close its US cryptocurrency staking division and pay a $30 million fine to the Securities and Exchange Commission (SEC), which lodged enforcement action against the firm, saying it was selling unregistered securities.Staking is ...