Tag: Cryptocurrency
JPMorgan CEO Criticizes Bitcoin as a ‘Ponzi Scheme’ Despite Firm’s Involvement in Bitcoin ETFs
JPMorgan Chase CEO Jamie Dimon has once again cast doubt on the legitimacy of Bitcoin (BTC), branding it a ‘Ponzi scheme’ during a recent interview on Bloomberg TV. Dimon reiterated…
Chile Progressing Towards Launching Central Bank Digital Currency
Chile is taking significant steps toward the potential launch of a Central Bank Digital Currency (CBDC), with strong public support for the central bank’s initiatives. According to reports from Criptonoticias,…
Promoting Self-Regulation: Hong Kong’s Proposal for Crypto Industry Oversight
Hong Kong regulators are advocating for the establishment of a self-regulatory committee within the city’s crypto firms to bolster compliance monitoring efforts. The recommendation, put forth by the Hong Kong…
Safe acquires Multis, a cryptocurrency treasury management company backed by Sequoia
Multis, a cryptocurrency treasury management platform sponsored by Sequoia, was bought by crypto wallet infrastructure provider Safe. The technology and senior leadership team of Multis are now part of the…
Arkansas State House Considers Bills to Limit Cryptocurrency Mining
The Arkansas State House has approved two bills aimed at limiting cryptocurrency mining activities in the state, though these bills are not yet final legislation. They establish the groundwork for…
Crypto.com CEO Predicts Temporary Dip in Bitcoin Price Before Future Gains
Kris Marszalek, CEO of crypto trading platform Crypto.com, shared his outlook on the impact of the upcoming Bitcoin halving and the introduction of spot Bitcoin exchange-traded funds (ETFs) on the…
Crypto Market Cap Jumps 64% in First Quarter of 2024
The crypto market experienced significant growth in the first quarter of 2024, as reported by CoinGecko. The sector’s market capitalization saw an impressive surge of 64.5%, peaking at $2.9 trillion…
Governments Around the World Among Largest Holders of Cryptocurrency
Recent data from blockchain intelligence firm Arkham Intelligence has revealed that the United States, United Kingdom, and Germany are among the top countries with the largest government-held cryptocurrency reserves. The…
IRS Anticipates Rise in Crypto Tax Evasion Cases This Year
The United States Internal Revenue Service (IRS) is bracing itself for an increase in crypto-related tax evasion cases as U.S. citizens face the annual tax filing deadline on April 15….
UK will pass legislation establishing a framework for regulating cryptoassets before the end of July
Bim Afolami, the UK Economic Secretary to the Treasury, stated that legislation establishing a framework for regulating cryptoassets will be passed by the end of July. Afolami announced the timeline…
Nebraska man is accused of “cryptojacking” to mine $1 million worth of cryptocurrency
The U.S. Department of Justice claims that 45-year-old Charles O. Parks III stole $3.5 million in cloud computing services to generate $1 million worth of Ether, Litecoin, Monero, and other…
Cryptocurrency Markets Collapse After an Israeli Drone Attack by Iran
After an Iranian drone strike on Israel, the Bitcoin market saw a sharp decline that resulted in a widespread sell-off of digital assets. With its 7.7% fall on Saturday, Bitcoin,…
Cryptocurrency Market Faces Turbulence Amid Broader Economic Concerns
The cryptocurrency market experienced significant volatility on Friday as investor concerns about the broader economy and geopolitical tensions spread to digital assets. Bitcoin, the leading cryptocurrency, dropped to $63,000 after…
London Mayoral Candidate Proposes £100 Crypto Gift to Each Resident
London mayoral candidate Brian Rose has announced an innovative plan to give every person in the city £100 worth of a new cryptocurrency if elected. The proposed token, currently referred…
Brevan Howard Digital, a cryptocurrency fund, returned 34.5% in Q1 2024
Brevan Howard Digital, a division of hedge fund manager Brevan Howard, saw returns of 34.5% in the first quarter of 2024. BH Digital rose by 44% in 2023 and by…
Crypto Enthusiasts Fund Man to Name Goats After Cryptocurrency Figures
In a unique trend within the cryptocurrency community, enthusiasts are pooling funds to sponsor a man in purchasing goats and naming them after notable figures, products, or concepts within the…
China’s Conflux Network Leads New Blockchain Infrastructure for Belt and Road Initiative
China has unveiled a groundbreaking initiative led by Conflux Network, known as the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This initiative, announced on April 1,…
Surge in Crypto Investments Marks 18-Month High, Driven by Early-Stage Deals
Amidst a surge in early-stage investments, the cryptocurrency sector has witnessed a remarkable uptick in funding, reaching its highest level in 18 months. According to The Block Deals Dashboard, new…
EU Implements Stricter Regulations on Anonymous Cryptocurrency Accounts
The European Union (EU) has implemented stringent regulations concerning anonymous cryptocurrency accounts and privacy-focused digital currencies. On March 19, the European Parliament approved a proposal aimed at preventing the exploitation…
Hong Kong’s Crypto Landscape Flourishes with 22 Major Firms Applying for Exchange Licenses
In an effort to solidify its position as a leading crypto hub in the region, Hong Kong has witnessed a surge in applications from 22 prominent crypto firms seeking licenses…