News

Stay up-to-date with Breaking News and Daily Insights on Crypto and BlockChain with Askrypto News.

Download the BlockShorts app to get instant updates from Askrypto News.

Get it on Google Play Store   Download on the App Store

Do not forget to subscribe us on:

 


cryptocurrency

11 cryptocurrency exchanges in South Korea reportedly shut down

The Financial Services Commission, South Korea’s top financial regulator. Reportedly planning to shut down a dozen local cryptocurrency exchanges due to fraud allegations. According to the local news agency The Korea Herald. The FSC will shut down at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities. And fraudulent collective accounts. […]

Bitcoin

According to Michael Saylor, there’s no reason to hold Bitcoin for 100 years

MicroStrategy’s CEO, Michael Saylor, has steadfastly defended the company’s bullish, long-term Bitcoin (BTC) position. Citing the cryptocurrency’s unique potential to evolve into “the future of the property.” MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain. Is the “highest upside, lowest risk strategy”. The company can pursue, Saylor argued […]

solana

The Solana hackathon aims to boost India’s crypto innovation

Solana, a blockchain platform, has extended an open invitation to Building out Loud, an exclusive hackathon for Indian developers and entrepreneurs. Solana plans to kick off the three-week event in collaboration with Devfolio and YouTube influencer Super pumped, according to the official statement. “Students, Web2 & Web3 developers, engineers, and anyone looking to get into […]

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

FC Barcelona

FC Barcelona is in talks with crypto companies for shirt sponsorship

According to reports from Spain, footballing giants FC Barcelona may sign a crypto-related shirt sponsor. The club, which is one of the biggest and most successful in the world. Has a deal with Rakuten, a Japanese e-commerce behemoth. In Japan, the company runs the Rakuten Wallet crypto exchange, but its global interests are currently limited […]

bnb, binance

Binance burned $400 million worth of BNB in its token burn event

Binance, the world’s largest cryptocurrency exchange, has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million in BNB. Binance announced on July 18 that it had destroyed 1,296,728 BNB tokens worth just under $400 million. A total of 5,163 BNB were destroyed through the exchange’s Pioneer Burn Program, which is designed to […]

bitcoin mining

Difficulty of mining bitcoin has decreased for the fourth time in a row

Despite China’s ongoing crackdown on cryptocurrency mining, mining new Bitcoin (BTC) is becoming easier, with BTC’s mining difficulty dropping yet again. According to data from Bitcoin explorer BTC.com, the Bitcoin network experienced its fourth consecutive negative adjustment of mining difficulty on July 18, dropping 4.8 percent. The most recent mining difficulty adjustment took place at […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Cryptocurrency, Brazilian

The Brazilian Securities Commission has approved the Ether ETF

According to an announcement by QR Capital, the holding company of QR Asset Management, the Brazilian securities regulator, the Comisso de Valores Mobiliários (CVM), has approved an Ether (ETH) exchange-traded fund (ETF). The fund, which will trade under the ticker QETH11, will be listed on the B3 stock exchange in Brazil. Which is a regional […]

Vietnam's PM has asked the State Bank conduct a blockchain-based digital currency trial

Vietnam’s PM has asked the State Bank conduct a blockchain-based digital currency trial

According to reports, the State Bank of Vietnam is planning to become the latest central bank. To investigate central bank digital currencies’ feasibility and operational aspects (CBDCs). Unlike some other countries, its mission is to test a digital currency based on blockchain technology rather than a centralized protocol. Prime Minister Phm Minh Chinh announced the […]