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.
5 Signs That Bitcoin Has Hit Bottom
It has been a terrible year for Bitcoin, which lost more than half its value in 2022. However, some cryptocurrency investors are starting to question if the token could have struck a bottom, given that the price of the biggest digital asset has increased by approximately 20% since June.
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Morning Brief: From Inflation, Investment in Crypto to Taiwan Semiconductor Manufacturing
This week's inflation figures could either boost or derail the market's summer momentum. Investors will get the most recent indication of how swiftly prices are growing across the US economy from three upcoming releases: PPI, CPI, and unit employment costs.
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Bitcoin Is Rebounding. Here’s One Reason
After a rough year, Bitcoin prices have begun to recover in the last month, with small-scale investors pouring money into cryptocurrencies. Bitcoin prices increased by about 20% in July, reaching nearly $24,000 from under $20,000. Nonetheless, the biggest cryptocurrency has fallen two-thirds from its all-time peak in November 2021.
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Coinbase and the SEC Are Facing Off. What’s at Stake
The industry has been grappling with the question of whether tokens should be classed as currencies, commodities, or securities. Some tokens, according to the SEC, most likely fit the definition of security. According to the SEC, Ripple – a payments network coin — is security, though Ripple Labs and the regulator are involved in a court dispute over this distinction.
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Bitcoin Soars, but Don’t Get Excited
Bitcoin and other cryptocurrencies rose on Thursday as investors re-invested in risky assets following the Federal Reserve's latest monetary policy decision. Analysts, however, do not believe this crypto rise has significant power and believe prices will likely plateau at present levels.
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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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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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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
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
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.
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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
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
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 (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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