Cryptocurrency regulations approved in EU parliament

Cryptocurrency regulations approved in EU parliament

The European Parliament has approved new regulations for cryptocurrency trading which will come into effect from July 2022. The regulations aim to combat money laundering, terrorist financing, and other criminal activities by allowing for the traceability of crypto assets. Furthermore, service providers will be required to disclose their energy consumption to combat their high carbon … Read more

Crypto Exchanges Struggle Despite Rising Crypto Values

Crypto Exchanges Struggle Despite Rising Crypto Values

Cryptocurrency exchanges are facing challenges despite the recent rise in cryptocurrency values. In 2022, Bitcoin, Ethereum, and Dogecoin experienced significant declines, but in 2023, there has been a rally with notable increases in their values. One contributing factor to this rally is the belief that the US Federal Reserve is nearing the end of its … Read more

XRP Market Cap Surges by $8.8 Billion in 30 Days

XRP Market Cap Surges by $8.8 Billion in 30 Days

In recent weeks, XRP has emerged as one of the top-performing cryptocurrencies, with the ongoing legal battle between Ripple and the Securities Exchange Commission (SEC) playing a partial role in its surge. XRP has broken crucial resistance levels and gained sustained interest from investors, resulting in an inflow of about $8.85 billion in market capitalization … Read more

Today In Crypto: Hackers Steal $23M From Bitrue, Canon USA To Launch NFT Marketplace

Today In Crypto: Hackers Steal $23M From Bitrue, Canon USA To Launch NFT Marketplace

In today’s crypto news, hackers have stolen $23 million from the wallet of Singapore-based exchange Bitrue, prompting the exchange to temporarily suspend all withdrawals for additional security checks. Canon USA has announced plans to launch an Ethereum-based NFT marketplace called Cadabra, dedicated to photography. Hong Kong-based HashKey Group has launched a new wealth management platform, … Read more

Murder Mystery: Cash App Founder’s Fatal Clash with Suspect, Source Reveals

Cash App Founder's Fatal Clash with Suspect, Source Reveals

New details have emerged about the fatal stabbing of Bob Lee, the chief product officer at cryptocurrency startup MobileCoin and founder of Cash App, and the arrest of Nima Momeni, a tech consultant and entrepreneur, who has been charged with murder in Lee’s killing. According to an anonymous source familiar with the events leading up … Read more

Bitcoin tops $30,000 for first time in 10 months

Bitcoin tops $30,000 for first time in 10 months

Bitcoin has reached a 10-month high, surpassing $30,000 in value, following the recent banking turmoil that has shaken the traditional financial system. The cryptocurrency had been steadily increasing in value since March, fueled by expectations that the US central bank, the Fed, would halt its interest rate increases to minimize stress on the banking sector. … Read more