Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws. …
Category archives: Bitcoin News
World’s Largest Monero Accepting Darknet Market Reveals Retirement Plan — White House Admins Say DNM ‘Reached Its Goal’
One of the largest darknet markets (DNM), White House, announced the market is retiring as the DNM’s administrators say the team has reached its goal. After revealing the retirement plan, White House admins explained that user registration and orders have been disabled. Darknet Market White House Plans to Close Its Doors Soon, User Registration and …
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, …
Coinbase Reveals Massive Hack of User Accounts: Over 6,000 Customers Lost Funds
The Nasdaq-listed cryptocurrency exchange Coinbase has disclosed that at least 6,000 users were victims of a hacking campaign to gain unauthorized access to the accounts of Coinbase customers. The hackers also took advantage of a flaw in Coinbase’s SMS Account Recovery process to gain access to user accounts. Cryptocurrencies of at Least 6,000 Coinbase Customers …
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October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year
Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good …
DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown
A little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction “illegal.” This new regulation, while it has had some negative impacts on the price of the leading digital asset, Bitcoin, alongside other cryptocurrencies in the market, the winners in the current shakedown …
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Study Findings Show 83.7% of Luno Users Are Bullish on Bitcoin’s Resurgence
About 83.7% of those surveyed by Luno in a recent study believe the price of bitcoin will rise significantly in the next few months. In fact, 59.4% of the more bullish respondents are expecting the leading crypto to rise to as much as $100,000. Bullish Beyond Bitcoin These are the findings of Luno’s Q3 Customer …
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Nigeria CBDC Countdown: Central Bank Delays E-Naira Rollout
A spokesperson for the Central Bank of Nigeria (CBN), Osita Nwanisobi, has said the launch of the much-hyped e-naira central bank digital currency (CBDC) has now been postponed to a later date. Nwanisobi’s announcement came less than 24 hours before the CBN was scheduled to launch the digital currency. Launch Date Clashes With Nigeria’s Day …
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Argo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas
Argo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain, which will be delivered in several installments. These miners will populate the facility the company plans …
YIELD App Named Official Partner of Premier League Football Club West Ham United
press release PRESS RELEASE. YIELD App, a FinTech company, is thrilled to announce it has become the Official Digital Asset Wealth Management Partner of top Premier League football club, West Ham United. This exciting partnership comes just seven months after the public launch of YIELD App in February 2021, demonstrating the growing attractiveness of digital …
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TikTok uses Ethereum layer-2 solution to drop its first NFTs collection
TikTok teams up with Immutable X to bring its users NFTs. Rapper Lil Nas X will be the first creator to launch his collection this month. Growth at TikTok has been going from strength to strength, even despite claims of the app being Chinese spyware and a whole host of other controversies. However, Immutable X …
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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges
A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges The National Agency of Project Management under the …
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Defi Platform Compound Bug Allows Users to Claim $88 Million in Tokens
Compound, one of the trademark defi protocols on the Ethereum blockchain, is experiencing a bug that allows users to reclaim unusually high amounts of its native token. The issue was caused by the implementation of a proposal that modified the contract that awards tokens to users. Compound Labs founder Robert Leshner declared that user funds …
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Ripple jumps on the NFT bandwagon, launches $250 million ‘Creator Fund’
Ripple has recently announced the launching of a $250 million ‘Creator Fund’ aimed at exploring new use cases for non-fungible tokens (NFTs) on the XRP Ledger (XRPL). The hefty fund will provide financial, technical, and creative support for creators, brands, and marketplaces, as the company teamed up with NFT marketplaces Mintable and mintNFT, and brand …
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The boss of NatWest Bank tells crypto users to abandon all hope
Economist and Chair of the NatWest Group Sir Howard Davies said he’s “very hostile” towards crypto. So much so he supports China’s recent crackdown, saying the U.K should follow suit. Last month, Beijing reiterated its calls that cryptocurrencies are used for illegal financial activities. In a coordinated multi-agency action, they seek to shut down all …
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