Cryptocurrency News

Bitcoin was showing signs of recovery after being marooned below the key $30,000 level for the past week. Other major cryptocurrencies followed suit. The market’s largest cryptocurrency climbed as much as 4.4% to $30,441.43 at one point. Bitcoin has been ...

Despite the price of Bitcoin and Ethereum taking a major drop in recent times, the Formula One (F1) racing industry cannot get enough of crypto. Eight out of the 10 teams featuring in this year’s prestigious motorsport series have a ...

Central bankers meeting at a roundtable discussion at Davos, organized by the World Economic Forum (WEF), have questioned crypto’s place in the global economy.  Some of the comments emanating from a panel of central bankers and regulators are that stablecoins ...

India is working on developing a digital version of the rupee. It becomes the latest nation to join the push to create a state-backed virtual currency. The country's central bank hopes to launch the digital currency in the new fiscal ...

Tether, the world’s biggest stablecoin that pegs its value one-to-one with the US dollar, is losing value and can no longer maintain its equal pegging.  Stablecoins are usually a place of safety for crypto investors during times of turbulence. With ...

Bitcoin fell 10% on Monday after plunging again over the weekend. The industry standard cryptocurreny’s price has now dropped almost 20% in the past week.  Now sitting at a price just below $31,000, Bitcoin is more than 50% below its ...

The US Justice Department has indicted Mining Capital Coin (MCC) CEO Luiz Capuci Jr. for “allegedly orchestrating a $62 million global investment fraud scheme,” the federal agency said last Friday. MCC is a cryptocurrency mining and investment platform. Authorities allege ...

India has seen a surge in cryptocurrency trading since the start of the coronavirus pandemic. Driven by its 750 million Internet users, the country is growing into a hotbed for crypto investment. In 2021, India ranked second behind only Vietnam ...

US President Joe Biden signed an executive order Wednesday establishing the first-ever federal strategy on cryptocurrencies, the White House said. Citing the fact that 16% of all Americans have invested in cryptos, the study will investigate six priorities: consumer and ...

The full force of the West’s economic sanctions did not appear to dissuade Russian President Vladimir Putin from launching a large-scale invasion of Ukraine.  The surprising “get-out-of-jail-free” card has been Russia’s surging adoption of cryptocurrencies, like Bitcoin. Crypto market watchers ...

Blockchain-based venture capital transactions continued to surge in 2021, with Miami emerging as the surprise epicenter of this growth. Investment in this overall sector rose by an impressive 2,061% in 2021, according to an analysis of tens of thousands of ...

Despite Bitcoin’s price swings in the last few months, many investors remain undeterred and are looking for new cryptocurrencies in which to invest. Bitcoin has clawed back about 16% of value over the past two weeks to sit above $41,000. ...

The price of Bitcoin fell to below $33,500 in Monday’s trading as cryptocurrencies continued to take a hammering. Crypto has kept falling in tandem with US stocks since the turn of the year, albeit to varying degrees, as investors weigh ...

Russia's central bank has proposed a ban on the use and mining of cryptocurrencies on its soil. Citing the speculative demand that drives much of crypto’s gains as a dangerous threat, the central bank wants to crack down on almost ...

In May 2021, China started cracking down on crypto mining to protect its power supply and use it for manufacturing. By mid-2021, Bitcoin’s hashrate, which measures the total computational power contributing to the blockchain network, fell more than 50%. The ...