digital currency

In a bid to promote financial freedom and innovation, U.S. presidential candidates from different parties are throwing their weight behind Bitcoin (CRYPTO: BTC) and related technologies. Democrat candidate Robert F. Kennedy Jr., in an interview with The New York Post, pledged his commitment to...

Federal Reserve Chair Jerome Powell has acknowledged stablecoins as a legitimate monetary instrument. Appearing before the U.S. House Financial Services Committee's half-yearly monetary policy review on Wednesday, Powell discussed the digital asset sector. Watch below: This was Powell...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) on Friday announced that its global customers can now earn 4% rewards on USD Coin (CRYPTO: USDC). The move comes despite the ongoing scrutiny Coinbase faces from the U.S. Securities and Exchange Commission (SEC). USDC, a...

The U.S. Department of Justice (DOJ) unsealed charges against two Russian nationals, Alexey Bilyuchenko, age 43, and Aleksandr Verner, age 29, for their alleged involvement in the infamous 2011 hack of the Mt. Gox cryptocurrency exchange and the subsequent operation of the shadowy cryptocurrency...

Stablecoin firm Circle Internet Financial, which issues USD Coin (CRYPTO: USDC), Thursday announced that it has enlisted the services of Heath Tarbert, a former regulator, as its chief legal officer and head of corporate affairs. This strategic acquisition comes at a time when Circle, which...

Securities and Exchange Commission (SEC) Chair Gary Gensler said the U.S. does not require additional digital currencies amidst ongoing legal action by the SEC against prominent crypto exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) for purportedly operating...

According to recent polls conducted by the Cato Institute, an overwhelming majority of Americans are not in favor of adopting a Central Bank Digital Currency (CBDC). Only 16% of respondents expressed support for a digital dollar, while 34% opposed its adoption. The remaining 49% of...

Tether has surpassed its previous all-time high market cap of $83.2 billion — a value it lost during the 2022 cryptocurrency crash. "Today's numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it," Tether CTO Paolo...

The European Central Bank (ECB) is finalizing prototypes for a digital euro. The ECB enlisted input from various industry participants to affirm the technical potential and the availability of European providers for developing digital euro solutions. This exploration signifies a variety of...

Digital payment platform Strike announced on Monday it integrated Tether's USDT (CRYPTO: USDT) stablecoin into its services. With Tether's inclusion, Strike intends to streamline digital transactions and strengthen its industry standing. The integration follows Strike's recent...

The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...

United States Bitcoin Corp (USBTC) has inked extensive multi-year contracts to accommodate 150,000 Bitcoin mining rigs, among notable companies such as Marathon Digital Holdings (NASDAQ: MARA), reflecting a recovery of the mining sector, striving to bounce back after a challenging 2022. The...

UK lawmakers want to treat cryptocurrency trading like gambling. The recommendation comes as regulators become increasingly vocal about the substantial risks these digital assets could pose to consumers. What Happened: Members of Parliament are worried that treating consumer crypto trading as a...

Bitcoin (CRYPTO: BTC) dipped below $27,000 for the second consecutive day, mirroring its late March figures. At the time of reporting, the most significant digital currency by market size was priced around $27,370 — a 4% decline from the previous day. Throughout the season, Bitcoin's...

The U.K. tax authority HMRC is contemplating the implementation of regulations allowing the seizure of cryptocurrencies from businesses neglecting their tax obligations. This proposal is part of a larger plan to modernize tax collection in the digital era. Currently, HMRC possesses the...