Latest news — Page 793

With its recent purchase, El Salvador’s Bitcoin reserve rose to 2,301 BTCs, worth around $73.4 million at current prices.

The last time Bitcoin fell below $30,000 was on July 20, 2021, when BTC traded at $29,301.

According to the SEC, Nvidia failed to disclose that demand from the crypto mining sector was a significant element for the spike in the sales of its gaming graphics processing units (GPUs) during consecutive quarters…

The central bank’s recognition of Qredo as a registered Bitcoin services provider will also allow the firm to start offering BTC custodian services, wallets, payment services and act as a crypto exchange.

The crypto exchange is now listed as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF), allowing the company to start offering its trading and custody services for Bitcoin and other …

LGT Bank’s BTC and ETH investment services will initially be available to selected client groups of LGT Bank, Liechtenstein.

Using Bitcoin and other cryptos as collateral is common in decentralized finance protocols but traditional finance has been hesitant to join the bandwagon until now as crypto is viewed as too risky and volatile to be …

The Wikimedia Foundation (WMF) is among the first organizations that started accepting crypto donations as it started accepting Bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) in 2014.

Binance reportedly blocked the crypto accounts of Elizaveta Peskova, the daughter of President Vladimir Putin’s spokesman Dmitry Peskov as well as Polina Kovaleva, the stepdaughter of foreign minister Sergei Lavrov.

The bill treats crypto assets as foreign-source income, which means that crypto earnings won’t be subject to capital gains taxes based on Panama's territorial taxation system.

The country legalized cryptocurrencies and made Bitcoin legal tender alongside the existing CFA franc.

Global banking giant Goldman Sachs just set a major milestone by granting a credit facility backed by crypto, the first of its kind granted by the Wall Street financial institution.

Riot announced that development has started for its large-scale, 1-gigawatt facility located in Navarro County, Texas, which will expand the crypto miner’s Bitcoin mining and hosting capabilities.

The HKMA warned stablecoins could enable easier capital flight in a financial crisis undermining a central bank’s control over the economy or undermine payment integrity due to financial or operational failures.

Huobi Global is a large cryptocurrency exchange launched in China in 2013. It proved its solid security capability of '9 years of no accident' while providing users in 130 countries with more than 400 cryptocurrencies…

The license for crypto service providers will be valid for a year and will be granted to both national and foreign firms and individuals.

Eighty-eight percent of institutional respondents and 75 percent of retail investors believe that crypto could attain mainstream adoption within 10 years.

The Bitcoin bill was first proposed in 2015 by Federal Deputy Aureo Ribeiro.

Fidelity’s new product would still allow employees to gain exposure to Bitcoin without having to open a separate account on an exchange.

The Middle East is one of the fastest-growing crypto markets in the world and now accounts for up to 7 percent of global trading volumes.

The bank pointed out that the recently announced partnership between payments company Strike with points-of-sales supplier NCR and payments firm Blackhawk Network would soon allow a large number of U.S. stores and res…

U.S.-based crypto exchange Coinbase is moving ahead with its international expansion plans. The company is reportedly set on acquiring Turkey’s largest crypto platform BtcTurk.

The Korea Fair Trade Commission (KFTC), is considering classifying Dunamu, the operator of crypto exchange Upbit, as a “large business,” which could put the company under increased scrutiny and tougher regulations by …

By 2023, a research team projects U.S. digital currency owners to rise by 10.6 percent to 37.2 million, which means that 14 percent of Americans will own some type of crypto next year.

Some estimate that the new crypto ETF could attract as much as $1 billion in investments.

Minister Darragh O’Brien is proposing to amend a 2022 Electoral Reform Bill to include a ban on crypto donations to political parties citing fears of Russian interference in Ireland’s elections.

Mexico, the Caribbean island Roatán, which is part of Honduras, as well as Madeira, an autonomous region of Portugal, are proposing to adopt Bitcoin (BTC) as legal tender.

Crypto theft could happen if users enabled iCloud backup for app data on their devices.

The greenback is unlikely to be threatened even as central banks worldwide continue diversifying their reserves.

Meanwhile, many payment processor partners have distanced themselves from crypto exchanges.

The FDIC cited potential systemic risks from crypto-assets and activities as the reason for this new reporting requirement.

Called the Fan Bonus of the Night, the top fighter as decided by fan votes will receive US$30,000 in BTC.

The deal is expected to be finalized later this year and is valued at around $1.5 billion.

The Galaxy Digital founder also believes that Bitcoin's price would decouple from U.S. stocks.

The Hydra Market has probably the highest turnover among illegal marketplaces worldwide with sales of at least €1.23 billion ($1.35 billion) in 2020 alone.

The company will start shipping the new Bitcoin mining chips by the third quarter of this year.

A study by crypto exchange Gemini revealed that 46 percent of current crypto owners in Latin America and 45 percent in the Asia Pacific bought their first crypto in 2021.

While the bank acknowledged the growing interest in cryptos such as Bitcoin (BTC) and Ethereum (ETH), it hinted that most regulators are “rightfully concerned” about allowing it in retail.

Decentralized autonomous organizations(DAO) are in blockchain circles. Some are seeking new possibilities in DAO, including CryptoFed, which is the first legal DAO registered in the United States. CryptoFed aims to bu…

Aside from the high tax rate for crypto, many investors are discouraged by the inability to offset losses against profits in crypto trading.