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News: Crypto

Welcome to the crypto news section, the premier destination for comprehensive and up-to-date information on all things related to cryptocurrencies. Serving as an essential resource for enthusiasts and investors alike, this page offers insights into the dynamic world of digital assets - encompassing everything from real-time price fluctuations to announcements of innovative projects and crucial regulatory changes. Here we've got the pulse of the cryptocurrency market covered to ensure you stay informed.

Coinbase Needs Congress to Save It From a Crackdown. Don’t Count on It

Coinbase Needs Congress to Save It From a Crackdown. Don’t Count on It Congress is the only body that can prevent a crackdown by American law enforcement authorities on Coinbase Global Inc. (COIN) and other cryptocurrency companies. Still, it's becoming less likely that such relief will be provided anytime soon.

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Bitcoin Might Fall to $13,000. Miners Could Be to Blame

Bitcoin Might Fall to $13,000. Miners Could Be to Blame At the foundation of the Bitcoin universe, miners use enormous amounts of energy to create the coins and maintain the security and efficiency of blockchain transactions. They are then awarded tokens that they may either keep or sell.

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Another Crypto Lender, Vauld, Suspends Withdrawals. Nexo Explores Acquisition

Another Crypto Lender, Vauld, Suspends Withdrawals. Nexo Explores Acquisition Vauld, a cryptocurrency lender, has blocked withdrawals, becoming the latest victim of a multi-trillion dollar digital asset meltdown. Nexo, a cryptocurrency platform, announced on Tuesday that it had signed an indicative term sheet granting it an exclusive 60-day time to investigate the acquisition of the troubled group, which it intends to reconstruct.

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5 Things to Know in Crypto Today

5 Things to Know in Crypto Today The price of cryptocurrencies has fluctuated slightly since last Friday. Things are not expected to resume until Tuesday, when US markets reopen. Local markets are shuttered as Americans celebrate Independence Day.

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Europe Won’t Be the ‘Crypto Wild West’ Anymore

Europe Won’t Be the ‘Crypto Wild West’ Anymore. New EU Rules Rein in Stablecoins New laws in the European Union require cryptocurrency enterprises to obtain a license and demand that stablecoin issuers retain reserves similar to those held by banks as part of the bloc's historic move to regulate a chaotic market.

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Yes, NFTs Can Be Taxed, Too

Yes, NFTs Can Be Taxed, Too According to industry publication DappRadar, collectors went on a buying spree for non-fungible tokens, or NFTs, last year, pushing sales up to $24.9 billion in 2020 from $94.9 million in 2020, and many are only now realizing that an unexpected guest wants in on the fun: the Internal Revenue Service.

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Ethereum Mining Is Going Away, and Miners Are Not Happy

Ethereum Mining Is Going Away, and Miners Are Not Happy The recent crypto market crash has been tough on those whose financial well-being is linked to digital currencies. As of June 15, Ether prices have fallen by around 70% since the start of the year. This is made worse by the so-called "Merge," which is set to end Ethereum mining and cut off income for up to 1 million people. Discover

Crypto Debacle at Celsius Rattles Market Already Shaken by Terra

Crypto Debacle at Celsius Rattles Market Already Shaken by Terra In May's collapse of the TerraUSD (UST) stablecoin and its sister token Luna captivated the attention of investors, but one of the main attractions of the project had been its promise of a 20% interest rate on UST deposits to Terra's blockchain-based lending project Anchor.

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Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos

Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos The S&P 500 Index sank 2.4 percent on Thursday, while the Nasdaq dropped almost 3 percent. Cryptocurrencies should, in principle, trade autonomously of traditional financial markets, but they have mostly proven to be connected with other assets, such as stocks or commodities.

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The Hotel in Dubai now Accepts Cryptocurrency Payments

The Hotel in Dubai now Accepts Cryptocurrency Payments Many other Dubai food and beverages service operators have started integrating crypto payments over the past few months. As the regulatory framework starts to provide more clarity, there remains a high possibility that many other service operators might join the crypto bandwagon.

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PayPal Is Pushing Further Into Crypto as Payments Competition Heats Up

PayPal Is Pushing Further Into Crypto as Payments Competition Heats Up PayPal (PYPL) said on Tuesday that its app will now accept crypto transfers to other digital wallets and exchanges, making it significantly more useful for peer-to-peer transfers and transactions through other brokerages.

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Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly

Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly However, as Terra backers strive to cobble together their own blockchain, crypto investors should be cautious. A procedure might claim that an interest rate is risk-free, but when it is based on an unproven model, danger lurks around every corner.

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Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell Off

Bitcoin Is Steady Above $29,000. Cryptos Are Holding Up as Stocks Sell-Off Bitcoin's price has risen in the last 24 hours and is now well above $29,500. The largest cryptocurrency's relative strength comes amid a rough day for US markets on Wednesday, with a selloff that continued into Thursday.

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Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses

Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses Babel Finance reports that the market-cap dominance of the currency has increased significantly during the last selloff, soaring to 45%, the highest level from the beginning of the year. As analysts at the firm said in a note, "altcoins are at their worst."

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Robinhood Launches New No-Transaction Fee Crypto Wallet

Robinhood Launches New No-Transaction Fee Crypto Wallet There is already a web-based custody wallet on Robinhood's website for users' assets. As with most cryptocurrency companies, the assets are not covered by any government guarantee, such as that provided by the Federal Deposit Insurance Corporation. Discover

Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days

Morning Brief: Collapsed Cryptocurrency Drama and What Happened in the Market Over the Past Few Days Bitcoin fell 5.9 percent in 24 hours through noon Eastern time on Saturday, to $28,782, in trading on Coinbase Global's platform (COIN). The cryptocurrency is down 20% this week, while the token is down 58 percent since its top above $69,000 in November 2021.

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