Cryptocurrency News

Cryptocurrencies have suffered a tough year, with all segments of the industry shedding significant value. Bitcoin, the world's biggest crypto, making up about 42% of the total market, lost more than half its value in 2022 and is now hovering ...

The US Treasury has asked President Biden to work with international allies on regulating cryptocurrencies. In a memorandum to the president, the US Treasury called upon the Biden administration to develop global standards for digital payments and central bank digital ...

Bitcoin is set for its worst quarter since the end of 2011, as more central banks tighten money supply and crypto firms fall like dominoes. A quarterly drop of 58% represents the largest fall in value since Bitcoin was in ...

Bitcoin plummeted below $20,000 for the first time since December 2020. Ether dropped to $1,000 and fell almost 11% to $975.24, its lowest level since January 2021. The two bellwethers of crypto are both roughly 70% lower than all-time highs ...

The crypto industry in the US welcomed new bipartisan legislation introduced to regulate it. The bill was tabled by Senators Cynthia Lummis and Kirsten Gillibrand and represents the first concrete step toward finally regulating the sector. Analysts recognize that the ...

Bitcoin tumbled back under $30,000 to its lowest price in a week, as another short surge of upward momentum lost steam amid market caution. Although the world’s largest cryptocurrency showed promising signs last week, rising to over $31,400 at one ...

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 ...