News

The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets don’t pose a threat to the wider financial system yet, but they might in the future as they become more integrated into mainstream finance, according …

Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion Read More »

Fund managers are slashing the cost of exchange traded products to lure investors back into the asset class amid the ongoing crypto crash. Cryptocurrency specialist 21Shares, a Swiss group, has launched a new vehicle that tracks the price of bitcoin that undercuts rivals — and even its own flagship products — in an effort to …

Bitcoin fund fees tumble amid ‘crypto winter’ Read More »

According to the Tass news agency, officers from the Ministry of Internal Affairs of Dagestan and the Federal Security Service have recently discovered a large crypto mining farm in Makhachkala, the capital and largest city of the Republic of Dagestan. According to Bitcoin.com News, a press release stated that the authorities are said to have …

Law enforcement closes down two illicit crypto farms in Dagestan Read More »

Popular Spanish football team RCD becomes the first in La Liga History to accept cryptocurrency payments. According to RCD Espanyol’s press release on their website last May 9, 2022, those who support the team and its players will now be able to buy game tickets, food, drinks and even merchandise in cryptocurrency next season.  RCD’s …

Spanish football team RCD now accepts crypto payments Read More »

Users of the Brazil-based Nubank digital bank will now be able to trade cryptocurrencies on the platform, according to the bank’s announcement on its website released last May 11, 2022. The digital bank has partnered with the blockchain and consensus platform Paxos to make trading Bitcoin (BTC) and Ether (ETH) available on the Nu app.   …

Nubank now offers the option to buy and sell crypto Read More »

Changpeng Zhao, chief executive officer of Binance announced that France’s market regulator, Autorité des Marchés Financiers (AMF) registered the exchange as a digital service provider (DASP) last May 4, 2022.  In the latest cryptocurrency update, France is the first major European country to allow Binance to operate within its jurisdiction. Moreover, the exchange is the …

France grants Binance’s request for registration Read More »

Commissioner for financial services, financial stability and capital markets union of the European Commission Mairead McGuiness calls for a global approach to regulating cryptocurrencies. She urged global regulators to work together in addressing the potential risks of the crypto market.  McGuiness made her views public in an opinion piece published on The Hill on May …

EU commissioner calls for global coordination on crypto regulations Read More »

In a Facebook announcement led by Chief Executive Officer Mark Zuckerberg on Monday, May 9, 2022, he announced that non-fungible tokens (NFTs) will be available on Instagram. He confirmed over a Facebook stream that the social media site will be testing NFT integrations the week of the announcement.  ‘We’re starting building for NFTs not just …

NFTs are heading to Instagram according to Mark Zuckerberg Read More »

On Saturday, April 30th, the Ethereum network crashed due to the volume of transactions reaching thousands during Yuga Labs’ sale of plots of land for their upcoming project in the Metaverse named ‘Otherside’. This caused the blockchain network to become unusable for several hours, drove gas fees to a new all-time high and left users …

Ethereum crashes as Yuga Labs sells land for Otherside Read More »

There’s nothing more frustrating than being a Bitcoin investor but wanting to explore the DeFi ecosystem at the same time. Although you want to access decentralised applications (dApps) and participate in play-to-earn games, you can’t just give up the benefits that come with owning Bitcoin such as its price, limited supply and popularity. With the …

Welcoming new crypto innovations: What is Wrapped Bitcoin? Read More »