Cryptocurrency

UPDATED: Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although…

Read More Here

Dogecoin loses third of price after Elon Musk calls it a ‘hustle’ on ‘SNL’

Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday…

Read More Here

Cryptocurrency Dogecoin soars 40% to all-time high

Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Dogecoin, launched as a satirical critique of 2013's cryptocurrency…

Read More Here

EBay CEO says looking at cryptocurrency as payment option – CNBC

(Reuters) - EBay Inc is looking at new payment options for customers, including cryptocurrency, Chief Executive Officer Jamie Lannone said in a CNBC interview on Monday. The e-commerce firm is…

Read More Here

UPDATED: Ethereum breaks past $3,000

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be…

Read More Here

Turkey adds crypto firms to money laundering, terror financing rules

ISTANBUL, May 1 (Reuters) - Turkey added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential decree published…

Read More Here

Germany’s financial watchdog warns crypto exchange Binance over “stock tokens”

BERLIN (Reuters) - Germany's financial regulator BaFin warned that Binance, one of the world's largest cryptocurrency exchanges, risked being fined for offering its securities-tracking digital tokens without publishing an investor…

Read More Here

UPDATED: Turkey detains four in Vebitcoin investigation

Turkish authorities have blocked the onshore bank accounts of Vebitcoin and detained four people as part of an investigation into the cryptocurrency exchange platform, a local prosecutor said on Saturday.…

Read More Here

Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The selloff…

Read More Here

UPDATED: Turkey detains 62 people in cryptocurrency trading firm probe

Turkish police have detained 62 people in an investigation of a cryptocurrency trading platform provider, state-owned Anadolu news agency said on Friday, after thousands of Turks filed criminal complaints saying…

Read More Here

Appeal for clear crypto rules urgently needed as major companies embrace asset

A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class, a top Securities and Exchange…

Read More Here

Miami mayor sees bitcoin move as way to attract tech

The city of Miami is seeking to embrace bitcoin in its operations, a move that could bring dividends in terms of attracting technology companies, Mayor Francis Suarez said. The city…

Read More Here

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home. Cryptocurrency-focused hedge…

Read More Here

Crypto exchange OKEX suspends cryptocurrency withdrawals

OKEX, one of the world's largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies. The exchange said in a statement posted on…

Read More Here

Central banks sketch out digital currency as China forges ahead

A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China's "trail…

Read More Here

Kazakhstan in talks on $700 million in cryptocurrency mining projects

Kazakhstan is in talks to attract investments worth 300 billion tenge ($714 million) into the cryptocurrency sector, Digital Development Minister Bagdat Mussin said on Wednesday. Kazakhstan claims to account for…

Read More Here

U.S. seeks to seize 280 cryptocurrency accounts tied to North Korean hacks

The U.S. government sought to seize 280 cryptocurrency accounts it said were used by North Korean hackers who stole millions of dollars of cryptocurrency from two virtual exchanges, and used…

Read More Here

Singapore’s Temasek joins Facebook-backed Libra project

Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.…

Read More Here

Cryptocurrency gaining popularity among Swiss as an investment

Cryptocurrencies as an investment class is becoming more popular among Swiss savers. Young people in particular are increasingly venturing into bitcoin and other digital money. A survey conducted by the market research institute Intervista on…

Read More Here

Swiss ski resort accepts bitcoin for settling tax bills

The iconic ski resort of Zermatt has become the second local authority in Switzerland to allow residents to pay their tax bills using the cryptocurrency bitcoin. Zermatt, which lies in…

Read More Here

UNICEF now accepting cryptocurrency donations

The UN children’s agency UNICEF as of Wednesday, will be able to receive, hold and disburse donations of cryptocurrencies and bitcoin through its newly established Fund, a first for UN…

Read More Here

France and Germany agree to block Facebook’s Libra

France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday. In a joint statement, the two governments affirmed that “no private entity can…

Read More Here

Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…

Read More Here

Barclays no longer banking cryptocurrency exchange Coinbase

Barclays is no longer providing banking services to cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange…

Read More Here

India seems set to ban private cryptocurrencies

In a setback for cryptocurrency enthusiasts and start-ups, India seems all set to ban private cryptocurrencies after an inter-ministerial committee (IMC) suggested outlawing private cryptocurrencies, like Bitcoin, apart from declaring…

Read More Here

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin. Bitcoin…

Read More Here

Cuba considering introduction of cryptocurrency

Cuba’s Communist government announced that it was studying the potential use of cryptocurrency as part of a series of measures to boost its economy amid a deepening crisis exacerbated by…

Read More Here

Arrests in the UK and Netherlands in €24 million cryptocurrency theft

The UK’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime Agency (NCA) has arrested…

Read More Here

Facebook sets eyes to become world’s leading ecommerce platform as it launches its cryptocurrency on Tuesday

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it…

Read More Here

Cryptocurrency experts meet at Europol to strengthen ties between law enforcement and private sector

Over 300 cryptocurrency experts from both law enforcement and the private sector attended the sixth Cryptocurrency Conference hosted at Europol’s headquarters from 12 to 14 June 2019. The event, organised…

Read More Here

Facebook plans to launch its own cryptocurrency

Facebook is planning to launch its own cryptocurrency, dubbed GlobalCoin, in early 2020, allowing users to make digital payments in a dozen countries. GlobalCoin would enable Facebook’s 2.4 billion monthly…

Read More Here

Multi-million euro cryptocurrency laundering service Bestmixer.io taken down

The Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, clamped down on one of the world’s leading cryptocurrency mixing service…

Read More Here

Millions in cryptocurrencies frozen after founder of Quadriga platforms died

About C$180 million in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly…

Read More Here