Cryptocurrency news

Crypto Stirring Back to Life but Still Volatile

Crypto Stirring Back to Life but Still Volatile

68
Cryptocurrency news
20.07.2022

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 aro...

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

70
Cryptocurrency news
08.07.2022

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...

Bitcoin Faces Worst Quarterly Fall in a Decade

Bitcoin Faces Worst Quarterly Fall in a Decade

78
Cryptocurrency news
01.07.2022

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 its infancy. In the years...

Bitcoin Plunges Below $20,000

Bitcoin Plunges Below $20,000

94
Cryptocurrency news
21.06.2022

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 set late...

Bitcoin Crashes More Than 30% in a Week

Bitcoin Crashes More Than 30% in a Week

61
Cryptocurrency news
18.06.2022

Bitcoin continued to plunge this week to trade at just above $20,000, as the oncoming crypto winter shows little sign of slowing.  The world's biggest cryptocurrency has fallen by nearly a third since last Friday. The coin has lost around...

Crypto Players Welcome New Bill to Regulate the Industry

Crypto Players Welcome New Bill to Regulate the Industry

115
Cryptocurrency news
10.06.2022

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. Analyst...

Bitcoin Tumbles Back Below $30,000

Bitcoin Tumbles Back Below $30,000

118
Cryptocurrency news
07.06.2022

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...

Bitcoin Rallies Above $30,000

Bitcoin Rallies Above $30,000

109
Cryptocurrency news
30.05.2022

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. Bit...

Formula One Embraces Crypto

Formula One Embraces Crypto

112
Cryptocurrency news
27.05.2022

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 crypto-r...

Central Bankers Question Cryptos at Davos

Central Bankers Question Cryptos at Davos

124
Cryptocurrency news
24.05.2022

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 regulato...

India to Launch Own Digital Currency

India to Launch Own Digital Currency

139
Cryptocurrency news
20.05.2022

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 year, whi...

Top Stablecoin Loses Dollar Peg

Top Stablecoin Loses Dollar Peg

136
Cryptocurrency news
13.05.2022

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 turb...

Bitcoin Falls to Less than Half Its All-Time High

Bitcoin Falls to Less than Half Its All-Time High

140
Cryptocurrency news
10.05.2022

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 re...

Crypto CEO Indicted for Pyramid Scheme

Crypto CEO Indicted for Pyramid Scheme

144
Cryptocurrency news
09.05.2022

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 in...

Young People Drive Crypto Investment Surge in India

Young People Drive Crypto Investment Surge in India

198
Cryptocurrency news
06.04.2022

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 in...