The Crypto news category comprises articles and videos focussing on the current crypto market events and developments.
The recent week in the cryptocurrency market has witnessed a notable downturn, resulting in substantial losses across a range of digital assets. This decline in prices has undoubtedly caused a sense of panic among investors, and enthusiasts, highlighting once again the inherent volatility of cryptocurrencies. Also read: What is a Cryptocurrency? In light of these…
Payments giant PayPal will stop allowing UK consumers to buy cryptocurrency through its platform from October as it strives to comply with new regulations on crypto marketing. To restrict the way cryptocurrency is sold to British consumers, Britain’s financial authority is expected to enact stricter regulations. As it works to comply with the new restrictions,…
Introduction to Crypto News In the rapidly evolving digital asset landscape, staying informed is crucial for investors, enthusiasts, and anyone interested in cryptocurrencies. Daily crypto news is a reliable source of information, covering a wide range of topics, including the latest crypto news, blockchain technology, market trends, and regulatory developments. By publishing daily articles under…
Elon Musk rebranded Twitter to “X” on Monday, a term for what he has described as an “everything app.”He also changed the most popular Twitter logo and its traditional “tweet” terminology to “X.” Musk has made many changes since he bought Twitter from firing key members to adding a subscription model. Elon Musk, the owner…
Cryptocurrency enthusiasts and investors are always on the lookout for opportunities to earn free tokens and explore exciting new projects. Crypto airdrops have become a popular method for blockchain projects to distribute free tokens to their community and generate buzz around their initiatives. In this article, we’ll delve into the top 3 crypto airdrops of…
As technology continues to advance, the gaming industry has witnessed a paradigm shift with the emergence of Web3 games and blockchain-based gaming platforms. These innovative games are disrupting the traditional gaming landscape by offering players new opportunities to interact with games in decentralized ways, own in-game assets as non-fungible tokens (NFTs), and even earn money…
Binance, the largest cryptocurrency exchange, is facing a legal challenge from the SEC over allegations of securities law violations. What are the allegations, consequences, and reactions?
Scammers have stolen over $4M using Google ads to direct users to fraudulent websites. The targeted brands include LIDO, Zapper.fi, DefiLlama, and Stargate. Learn how scammers create malicious ads and how to protect yourself. Plus, check out the top 5 gainers and losers this week in the cryptocurrency market.
KuCoin, the cryptocurrency exchange’s official Twitter account got hacked resulting in a loss of funds for some users who fell into the trap of a fake giveaway event run by the hackers. KuCoin is a Singapore-based third-largest centralized exchange with 27M+ global users trading with 750+ listed tokens covering 200+ countries. The exchange reacted quickly…
Bitcoin and other popular cryptocurrencies such as Ethereum experienced a significant dip last week, leaving investors anxious about the price drop. The cause of the sudden dip in Bitcoin prices has been met with speculation as the global crypto market cap sits at $1.16T. Bitcoin is currently showing a downtrend, with investors expecting a bearish trend to continue this month. Altcoins, including Ethereum and Cardano, have also plunged and are following Bitcoin’s path. However, crypto analysts remain optimistic about a long-term bull run in the coming months.
Discover the top 5 cryptocurrency gainers and losers of the week, from OKB to Zilliqa. Stay informed and up-to-date on market news and trends.
Discover the latest updates on the cryptocurrency industry in the first quarter of 2023. Read our deep analysis of market trends, including Bitcoin and Ethereum price movements, DeFi, NFTs, and more. Total market capitalization rallied 48.9%, with Ethereum rising by 49.8%. Learn more here.
According to Cybersecurity firm Kaspersky, Phishing attacks were raised by 40% in 2022. It is not just the common people and investors showing interest in the Crypto market, scammers are also intrigued by cryptocurrencies. They are also evolving along with the Crypto Industry. New and advanced techniques were implemented to steal users’ crypto data and…
The much-anticipated Ethereum’s hard fork Shanghai upgrade became live on April 12. The upgrade, also referred to as Shapella, is a significant milestone for the Ethereum ecosystem. The upgrade enables validators to withdraw their staked ETH and any accrued staking rewards on the Ethereum blockchain. Crypto analysts and investors are excited about the upgrades, aiming…
Cryptocurrency prices are highly volatile and newsworthy. Cryptocurrencies fell on Wednesday while the market cap stood at $1.23 trillion. Bitcoin has reached its most anticipated mark of 30K while Ethereum and other cryptocurrencies have been struggling. While some investors take advantage of the price swings to make substantial profits, others are left wondering what’s driving…
Satoshi Nakamoto’s Bitcoin whitepaper was found accidentally in Mac OS by Andy Baio, a technologist, and blogger while he was trying to fix his printer. He posted a blog on April 5 through Waxy to spread his discovery. The whitepaper can be found on all the latest versions of MacOS from Mojave (10.14.0) to Ventura…
Meme tokens have recently become a popular topic of discussion in the cryptocurrency world. The most well-known meme token is Dogecoin, created as an homage to the famous Shiba Inu Doge meme. Since its inception, there has been a growing interest in meme tokens and their potential implications for the digital asset industry. As such,…
Polygon Labs’ much awaited zkEVM has successfully launched on Mainnet Beta. Polygon’s zkEVM is the leading Zero Knowledge solution that is equivalent to Ethereum Virtual machine. The testnet for Polygon zkEVm is an open-source ecosystem wherein developers will have access to the repositories to use, modify, and distribute as needed and unlock the true potential…
Arbitrum is a layer 2 (L2) scaling solution built on the Ethereum blockchain. It was launched by Offchain Labs on August 31, 2021, and they have raised $120 million in a series B funding. The native coin of Arbitrum is ARB, a governance token. Due to a surge in the last 24 hours, the current…
The SafeMoon token liquidity pool (LP) lost $8.9 million after a hacker exploited a vulnerability in ‘burn’ smart contract function. According to the blockchain security company, PeckShield, the hacker took advantage of the public burn bug on safemoon’s latest software version. SafeMoon is a cryptocurrency and blockchain company founded in 2021 functioning on building blockchain,…
Nasdaq, the second largest stock exchange in the US, is set to launch a crypto custody service by the end of Q2. This move aims to fill the void left by recent bankruptcies and collapse of major firms in the industry. The entry of a reputable financial institution like Nasdaq into the crypto market is a favorable signal for traders and investors, and may help restore credibility and regulatory compliance. Bitcoin has regained its momentum and touched $28,000, promising a positive outlook for the coming months.
The Collapse of Silicon Valley bank Silicon Valley Bank (SVB) collapsed on Friday, sending staggerinto the entire world, making it the second biggest banking failure since the 2008 financial crisis. The US government regulators took control of Silicon Valley bank’s assets to halt the bank run as agitated depositors rushed to the bank withdrawing billions…
The top five Crypto Scam involving the ongoing FIFA World Cup Qatar 2022 have been listed by international cybersecurity company Kaspersky. Million of Football Fans at Risk Millions of football lovers from around the world tune in to watch the FIFA World Cup. Crypto Scammers utilize a variety of methods to capitalize on soccer fans’…
Japanese Government is considering digitalizing YEN by the next year 2023, as soon as possible. Read More in the details below. Japanese central bank working for Digital YEN. The Japanese central bank is apparently planning to launch a trial involving “consumers and private sector enterprises” in the spring of 2023 to test the viability of…
Mainland’s First cross-border pilot project for the digital yuan is poised to be jointly launched by China and Hong Kong as the People’s Bank of China (PBoC)-led project gets closer and closer to becoming live. Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), told Shanghai Securities News that Hong Kong…
Crypto Paper Wallet Scams are increasing in Australia. Australian Police Warn People Australians have been cautioned to avoid suspicious-appearing fraudulent Bitcoin paper wallets that trick users into accessing a profitable crypto wallet but eventually deplete their own cryptocurrency holdings. A Nov. 22 post on the NSW Police Force’s Facebook page claims that the fraud begins…
Binance.US, the American subsidiary of crypto exchange Binance, is reportedly seeking to acquire crypto credit provider Voyager Digital after FTX dropped out of the process. Voyager announced last week, following the fall of FTX “Voyager has reopened the bidding process for the company, and is in active discussions with alternative bidders.” The Wall Street Journal reported that…
Genesis Global, a crypto lending firm, announced plans to suspend redemptions and new loan applications on Nov. 16. Genesis Global halted withdrawals due to the FTX issue Genesis Global credited its selection of particular markets in part to various events that drove them into the market. One such event was the difficult disappearance of Bitcoin…
As per the new law, the purchaser of virtual digital assets (VDA) is required to deduct 1% of the amount paid to the seller ( resident Indian) as income tax deducted at source (TDS). TDS on Virtual Digital Assets. What is TDS? A tax deduction is an expense that can be subtracted from your taxable income. This…
Indonesia’s central bank (Bank Indonesia) is working to introduce a digital rupiah, which will function as its official legal tender for all electronic transactions within the country. The new currency will additionally be approved as a means of exchange between nations. Bank Indonesia Plans to Expand Digital Rupiah Availability by Year’s End. The Indonesian monetary…
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. GBPT – Pound Pegged Tether Britain seeks to legislate for regulators to oversee the implementation of some stablecoin coins as part…
In the past few years, cryptocurrency has been on a rollercoaster ride of ups and downs. However, in the past few months, there has been a significant market fall. So, what led to this crypto market fall? Crypto Market Crashes Cryptocurrency was being called the future of money. Last year the crypto market was seeing…
The organization at the back of the “Bored Ape” collection of NFTs has raised around $285 million really well worth of cryptocurrency via way of means of promoting tokens which constitute land in a digital international sport it says it’s far constructing. Bored Ape NFT The organization at the back of the “Bored Ape” collection…
DDoS attacks on Crypto Platform The onslaught was delivered through HTTPS, which puts more strain on a target, and it suggests that attackers are getting more powerful. A Cryptocurrency platform was recently the target of one of the largest distributed denial of service assaults (DDoS attacks) ever recorded, according to Cloudflare, a content delivery network….
The Central African Republic (CAR) has approved Bitcoin as legal tender – just the second country to do so. The Central African Republic is one of the poorest countries on the planet, but it is wealthy in diamonds, gold, and uranium. It has been devastated by conflict for decades and is a staunch Russian ally,…
The minister stressed that the government is willing to support innovation and well-founded advancements in distributed ledger technology, such as blockchain. Nirmala Sitharaman on Crypto Finance Minister Nirmala Sitharaman said on April 27 that India will make a careful decision on cryptocurrency legislation, citing concerns about possible misuse. “The decision on crypto will not be…
Binance, a cryptocurrency exchange, and blockchain platform is supporting a few competitions at the festival. IIT Delhi to Organise “Cryptocon” The Indian Institute of Technology (IIT Delhi) teamed with Binance, a cryptocurrency exchange and blockchain platform, to distribute non-fungible token (NFT) tickets and proof of attendance protocol during its three-day cultural fest ‘Rendezvous’ from April…
EBT Crypto Price Jump Elon Buys Twitter (EBT) Even before Tesla CEO Elon Musk can buy Twitter, someone created a cryptocurrency called ‘Elon Buys Twitter,’ which has seen a price increase of almost 6000 percent in just 24 hours. According to CoinMarketCap, the EBT token price at 12 a.m. on April 25th was $0.00000003589. It…
Leading banks have asked the umbrella institution National Payments Corporation of India (NPCI) to spell out in a formal directive the restrictions on using the popular money transfer tool ‘Unified Payment Interface’ to buy and sell virtual digital assets, questioning the “shadow ban” on cryptocurrencies (VDAs). NPCI’s statement on the matter Following “verbal directives” from…
In line with fraud-related investigations, the US Secret Service is cracking down on illegal digital currency transactions, seizing more than $102 million in bitcoin from offenders. The secret service is investigating David Smith, assistant director of investigations, stated dealers and analysts actively song the waft of Bitcoin and different cryptocurrencies on the blockchain, much like…
