Cryptocurrency

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 […]

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 […]

South Korea

South Korea is taking steps to ban crypto exchanges from cross trading

The Financial Services Commission of South Korea has moved to prohibit cross-exchange trading on crypto exchanges in the country. The move is part of a slew of changes to the country’s Financial Transaction Information Reporting and Use Act. Cross-trading is the practice of offsetting buy and sell orders for the same asset (at the same […]

crypto, regulation, regulators

Another US regulator wants agencies to collab to regulate crypto

There are new signals that US regulators are aiming to rein in’ the crypto industry by establishing collaborations between agencies, indicating that the Joe Biden administration is full of regulators suspicious of bitcoin (BTC) and other cryptoassets. Given the growing concern that a lack of proper oversight could harm savers and investors. US financial authorities […]

DeFi

Thailand will target DeFi in its latest regulatory crackdown

Thailand’s financial regulators have turned their attention to decentralized finance, or DeFi, in their latest attempt to regulate the cryptocurrency industry. Thailand’s Securities and Exchange Commission (SEC) has announced that any activities related to DeFi may require a license from the financial regulator in the near future, according to a June 1 report from Bangkok […]

Huobi

Huobi has reportedly ‘temporarily’ suspended futures trading in some countries

Huobi, a cryptocurrency exchange based in Seychelles, has reportedly suspended futures and leveraged trading for new customers in some countries, raising concerns about the regulatory scrutiny that digital assets are subject to. Huobi is limiting these services in a few jurisdictions, according to Bloomberg, but did not specify which countries would be affected. There was […]

crypto mining

COVID is forcing Chinese Internet cafes to become crypto mining hubs

As social distancing measures continue to bite in China, internet cafe owners are turning their businesses into crypto mining centers. According to The Time Weekly, via Sina, a large number of 24-hour internet cafes, designed primarily for PC gamers, shut down in 2020 as a result of the coronavirus pandemic. According to the media outlet, […]

celsius network

Following an independent review, the Celsius Network valued at $3.1 billion

According to new research from Alpha Sigma Capital, crypto lending platform Celsius Network is worth three times its current market capitalization, indicating the project’s massive growth potential over the next five years. Alpha Sigma Capital calculated that the crypto company has an implied value of $3.13 billion based on 2020 financials obtained from Celsius. Which […]

cryptocurrency, HODLing causes relationship problems? Redditors share their personal experiences

HODLing causes relationship problems? Redditors share their personal experiences

Relationships have reportedly been strained as a result of cryptocurrency investments, leading to breakups and even divorce. According to a February 2015 Reddit post, a then 28-year-old woman using a disposable account claimed that she was furious with her husband because he had not stopped buying Bitcoin (BTC) without consulting her since 2013. She estimated […]

Google Finance now has a dedicated ‘crypto' tab with Bitcoin, Ether, and Litecoin listed

Google Finance now has a dedicated ‘crypto’ tab with Bitcoin, Ether, and Litecoin listed

The finance.google.com domain now includes cryptocurrency prices. The “Crypto” section has been moved to the “Compare Markets” category. Alongside traditional stock and currency markets. The section includes key pricing data for cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC). And Bitcoin Cash (BCH). Alphabet, the parent company of Google, also owns YouTube, which has […]