Billionaire Sam Bankman-Fried, founder of the digital asset exchange FTX, says Bitcoin tech cannot scale to meet demands of true payments network
News Cryptocurrency
TerraUSD Organisers ‘Spent $2bn’ In Bitcoin To Maintain Value
Organisers behind failed TerraUSD stablecoin say they spent more than $2bn in Bitcoin last week in vain attempt to keep virtual currency from crashing
Bitcoin Slide Continues As Regulators Weigh In
Bitcoin and other cryptocurrencies continue to slide after spectacular collapse last week of 'stablecoin' TerraUSD and broader market jitters
Cryptocurrency Crash Continues As Ethereum, Luna Plummet
After Bitcoin suffers major crash this week, Ethereum, Luna, terraUSD and other cryptocurrencies plunge, wiping $200 billion off entire market
Funding Round Values Cryptocurrency Exchange KuCoin At $10bn
New $150m funding round values Seychelles-based cryptocurrency exchange KuCoin at $10bn amidst soaring investment in 'web3' ventures
Bitcoin Falls 50 Percent From November High
Bitcoin, other cryptocurrencies slump amidst broader stock market sell-off amidst central bank interest rate hike and economic uncertainty
SEC Nearly Doubles Staff Of Crypto Enforcement Group
US financial regulator adds 20 full-time staff to cryptocurrency enforcement unit, also targets fraud in decentralised finance, NFTs, stablecoins
Bored Ape Start-Up Raises Millions In Virtual Land Sale
'Bored Ape Yacht Club' NFT creator, start-up Yuga Labs, raises more than $260m in sale of tokens representing land in upcoming virtual world 'Otherside'
Twitter Works With Stripe On Crypto Payments Trial
Twitter works with online payments processor Stripe to trial limited cryptocurrency payouts to creators over USDC stablecoin
US Says North Korean Lazarus Group Carried Out Huge Crypto Theft
US Treasury Department says notorious North Korean hackers, the Lazarus Group, was behind largest ever cryptocurrency heist last month
Government Sets Out Plan To Recognise Stablecoins
Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a valid form of payment
WeChat Disables Accounts Linked To NFTs
China's WeChat messaging service disables accounts linked to 'speculation' and secondary sales of NFTs amidst regulatory crackdown
Bitcoin Mining Start-Up To Make Nasdaq Debut
Bitcoin mining and infrastructure start-up Prime Blockchain set to list on Nasdaq in merger with blank-cheque firm valuing it at $1.25bn
Bank Of England Begins To Outline UK’s Crypto Regulatory Approach
The UK's Bank of England begins this week to publicly outline its first regulatory framework for cryptoassets, amid ongoing concerns
UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’
Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'
UK Regulator Warns Against ‘Illegal’ Crypto Cash Machines
Financial Conduct Authority warns cryptocurrency ATMs operating in UK are illegal and operators must shut them down or face enforcement action
Bitcoin Rises After Biden Signs Crypto Executive Order
US executive order signed by President Joe Biden concerning cryptocurrencies, to examine risks and benefits of digital assets
Ukraine To Issue NFTs To Fund War Effort
Ukraine to issue NFTs to fund armed forces in conflict with Russia, after raising millions in anonymous cryptocurrency donations via social media
Ukraine Raises Millions In Cryptocurrency Donations
Ukrainian government and NGOs receive millions of dollars' worth of Bitcoin, Ethereum and other digital coins amidst Russian invasion
Russian Invasion Triggers Crypto Crash
Cryptocurrencies suffer loses on Monday and Tuesday, as Vladimir Putin orders Russian combat troops into rebel held parts of Eastern Ukraine
Russia Finance Ministry Advances Crypto Regulation Plans
Russia's finance ministry says it will take central bank's cryptocurrency fears into account as it submits legislative proposals to regulate the sector
Three quarters Of Ransomware Payments Go To Russian Hackers
Roughly 74 percent of all ransomware revenue in 2021 was sent to Russian-linked cyber-criminals, Chainalysis research has discovered
HMRC Seizes NFTs In £1.4m Fraud Probe
HMRC becomes first UK law enforcement body to seize non-fungible tokens, as authorities warn that crypto assets pose money-laundering risk
Crypto Giant Binance To Take $200m Stake In Forbes
Giant cryptocurrency exchange Binance to take $200m stake in Forbes as media firm plans $630m listing in New York through blank-cheque company
Crypto Companies Band Together To Address Fraud Risk
Large crypto companies and trade associations promote 'market integrity pledge' to gain public trust amidst ongoing risk of manipulation and fraud
Tesla Bitcoin Holdings Valued At $1.99 Billion
Tesla's Bitcoin holdings had fair market value of $1.99bn at end of 2021, as it loses $101m due to cryptocurrency's ongoing volatility
North Korea Cryptocurrency Theft ‘Funding Missile Programmes’
Attacks on cryptocurrency exchanges remain 'important revenue source' for North Korea's ongoing missile programmes, UN report finds
India To Launch Digital Currency In 2022
India's central bank will launch a digital rupee in two months time, as India becomes the latest country to embrace a digital currency
Russia Readies Road Map For Cryptocurrency Regulation
Russian authorities ready plan for tough cryptocurrencies restrictions, but not the outright ban favoured by central bank
Facebook To Close Down Diem Crypto Venture – Report
End of the road for Diem (formerly Libra) digital currency, with sale reported of Diem Association to financial institution