cryptocurrencies

The state of New York has taken a bold step forward in the world of cryptocurrency by introducing a bill that would make digital assets a legal form of payment within the state. What Happened: The legislation introduced on Jan. 26 outlined changes to the state’s current financial...

Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management.  Austin Campbell, the former co-head of...

Shiba Inu (CRYPTO: SHIB) was trading slightly lower during Monday’s 24-hour trading session but showing strength in comparison to Dogecoin (CRYPTO: DOGE), which was tumbling over 8% to lose support at the 200-day simple moving average. Earlier in the session, Shiba Inu popped up about 2.5%...

Cryptocurrency analyst Tone Vays has recently warned that Bitcoin (CRYPTO: BTC) is likely to plunge by over 13% from the current price before a rally can arise. About the Bitcoin rally, he says it is likely to experience an adverse move ahead before a bullish cycle can be confirmed. Vays...

Billionaire investor Tim Draper has earned the title "adventure capitalist" by betting on a series of notable tech successes, including Hotmail, Skype, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase, Robinhood, and Ancestry.com. Draper was an early supporter of Bitcoin (CRYPTO...

The collapse of cryptocurrency exchange FTX (CRYPTO: FTT) and other high-profile crypto firms amid a prolonged crypto winter has piqued users' interest in decentralized exchanges now that there is a gap in the perpetual market. One of the top performers over the past month has been...

While the crypto community was left rattled by the FTX (CRYPTO: FTT) debacle throughout November, crypto mining firms relentlessly pursued all available avenues to shore up revenues and maintain margins. In what is possibly one of the harshest crypto winters ever seen, these digital asset mining...

  Crypto and Web3 venture firm a16z has appointed former CFTC commissioner Brian Quintenz as the company’s new head of policy a year after hiring him as senior advisor for its crypto team. Quintenz was nominated by both Presidents Barack Obama and Donald Trump and unanimously confirmed...

The U.K. government is set to announce new regulations governing the marketing and selling of Bitcoin (CRYPTO: BTC) and other crypto assets. This would allow regulators to have an increased authority to oversee the industry, including a crackdown on promotions for digital currencies by companies...

Major exchanges Bybit and Australia-based Swyftx have laid off a third of their workforces, just a week after Kraken announced job cuts, amid a deepening crypto winter. Ben Zhou, co-founder, and CEO of Bybit unveiled a reorganization plan that calls for a significant reduction in the company's...

Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced the upcoming launch of Tether Gold (XAU₮) and Euro Tether (EUR₮) on cryptocurrency exchange Huobi Global starting Dec. 8. Huobi Global reports having over 500 types of digital tokens available on the exchange and a trading volume...

Genesis owes at least $1.8 billion to its creditors, according to multiple media reports. The troubled crypto trading and lending company owes users of Gemini's Earn program $900 million and another $900 million to a group of assorted debtors represented by law firm Proskauer Rose. Another ad...

Major cryptocurrency exchange KuCoin has hired auditor Mazars to confirm its proof of reserves in a third-party factual findings report, days after rival exchange Binance did the same. According to a statement on KuCoin's official blog, Mazars will provide information on whether KuCoin's in...

Cryptocurrency exchange Coinbase (NASDAQ: COIN) has ceased non-fungible token (NFT) transfers on its iOS wallet app, blaming Apple (NASDAQ: AAPL) due to its strict new restrictions regarding NFTs. Using Apple software to pay its gas fees would subject such revenues to Apple's 30% app tax,...

Bitcoin is the only cryptocurrency asset that can be seen as a commodity as the industry reels with the aftershocks from the collapse of FTX (CRYPTO: FTT). That's according to U.S. Commodity Futures Trading Commission (CFTC) chief Rostin Behnam. See Also: Yes, FTX Was A Fiasco, But US...