Crypto news

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Vice President Kamala Harris faces increasing pressure to clarify her stance on cryptocurrency as the 2024 election approaches or risk losing the crypto industry’s support to former President Donald Trump. A new report from the Official Monetary and Financial Institutions Forum (OMFIF) underscores the urgency for Harris to engage with the crypto community more effectively. Democrats Urge Party to Embrace Crypto and Blockchain Trump has gained favor within the crypto community by promising...

On July 27, the world’s biggest Bitcoin conference of the year kicked off at the Music City Center in Nashville. Thousands of attendees lined up, enduring multi-hour waits to get through Secret Service security and into the highly secured main floor. The anticipation was deep as former President Donald Trump was set to speak about what a second term might mean for Bitcoin. The giant of the crypto world, Bitcoin, is also known as “Digital Gold” due to its high value. Attendees, sporting “Make...

Bitcoin’s recent declines may signal a deeper downturn due to US economic concerns Recent price rally halted by weak ISM index and Fed’s dovish outlook. The cryptocurrency research group 10X Research predicts that the recent declines in the price of Bitcoin could be the start of a more serious decline, citing an upcoming economic storm and the asset’s separation from the stock market. Despite a strong start to the week marked by interest in Bitcoin ETFs from three major US pension funds and...

South Korea has introduced new supervisory fees for cryptocurrency exchanges. These regulations have affected major players like Upbit and Bithumb. Starting next year, these exchanges will need to pay these fees as part of updated regulations announced by the Financial Services Commission on July 1. The new rules are part of the revised ‘Enforcement Decree of the Act on the Establishment of the Financial Services Commission’ and the ‘Regulations on the Collection of Financial Institution...

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using the Avalanche (AVAX) network. This initiative is part of a modernization effort to streamline the state’s title transfer process in collaboration with software development firm Oxhead Alpha. California DMV to Digitize Car Titles According to an Avalanche blog post, users will soon be able to claim their digital titles through the DMV’s new application. This application allows for easy...

Bitcoin miner Riot Platforms revealed a net financial loss of $84.4 million during Q2 2024, registering its first quarterly loss since Q4 2022. The loss witnessed this quarter comes due to April’s Bitcoin halving event, cutting down mining rewards in half, and the Bitcoin network’s increased hash rate. Miners industry-wide had a hard time since the halving, registering losses and missing estimates. Riot increased selling the bitcoin it received as rewards for mining to cover rising expenses,...

The Federal Bureau of Investigations (FBI) has warned crypto users in the US of impersonation scams in which scammers mimic employees from crypto exchanges. By pretending to be official personnel representing the exchanges, they gain access to user accounts by creating fake urgency among users to act immediately to protect their funds. Thus, their funds get stolen. In an X post, the FBI mentioned, “The FBI is warning of scammers impersonating cryptocurrency exchange employees to steal your...

Crypto.com’s trading volume surpassed that boasted by Coinbase on August 1, rising to $3.6 billion compared to the latter’s $2.12 billion. Data on crypto market intelligence firm Messari reflected the same. The 23% increase boasted by Crypto.com comes from the robust institutional adoption crypto has been witnessing, with the exchange becoming a go-to for numerous institutional players. The launch of spot ETH ETFs in the US is also a massive factor in dominance displayed by Crypto.com...