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Cryptocurrency Latest News & Updates

This section covers fintech, blockchain and Bitcoin bringing you the latest news and analyses on the future of money.
Thu, 02 Feb 2023

Euro stablecoin launched in Finland, claims to be first approved in the EU

USDC issuer Circle Inc. previously released a euro-backed stablecoin that is regulated in the United States.Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb...

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Thu, 02 Feb 2023

Alameda Research wallet receives $13M from Bitfinex, other sources

The assets transferred to Alameda's consolidation wallet are reportedly part of bankruptcy recovery efforts.Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research ...

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Thu, 02 Feb 2023

Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31

Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft.In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost ...

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Thu, 02 Feb 2023

Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategy

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.Fumio Kishida, the Prime Minister of Japa...

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Thu, 02 Feb 2023

Do Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) stalled rallies mean the memecoin trend is dead?

Absent shill and bullish newsflow, DOGE and SHIB have struggled to keep up with the wider crypto market rally that occurred in January.The memecoin phenomenon didn’t prove as effective in the last month's start of year...

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Thu, 02 Feb 2023

Lack of liquidity mitigated damages to BonqDAO exploit: Report

After amassing $120 million in tokens through an infinite minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO.According to blockchain security firm CertiK, the damag...

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Thu, 02 Feb 2023

Ethereum (ETH) price is aiming for $1,800 in February — Here is why

ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February.Ether (ETH) has been s...

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Thu, 02 Feb 2023

Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

CCP officials want to see the e-CNY surpass $300 billion in transactions in 2023 through promotional efforts.According to local news outlet JS China, on Feb. 1, an annual meeting ...

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Thu, 02 Feb 2023

DeFi enjoys prolific start to 2023: DappRadar report

DeFi protocols have seen significant growth in total value locked in January 2023, with Lido Finance leading the charge.Decentralized finance (DeFi) protocols experienced a boom in total value locked across different sta...

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Thu, 02 Feb 2023

Kraken shuts down Abu Dhabi office, suspends support for AED

Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition.Cryptocurrency exchange Kraken has closed its of...

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Thu, 02 Feb 2023

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

Join us as we discuss BTC’s recent price rally coming on the heels of the latest United States Federal Reserve meeting.In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer ...

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Thu, 02 Feb 2023

Solana DeFi protocol Everlend shuts down over liquidity issues

With FTX's ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdrawfunds.Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging c...

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Thu, 02 Feb 2023

Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead.Avalanche (AVAX) bulls...

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Thu, 02 Feb 2023

Bitzlato CEO arrested by Spanish police: Report

Authorities seized an estimated $19.8 million worth of crypto, fiat and luxury goods from Bitzlato executives related to an ongoing money laundering investigation.According to a Feb. 2 report by Turkish news agency Anad...

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Thu, 02 Feb 2023

Senate Banking Committee’s priorities for new Congress include crypto: Report

Senator Tim Scott, who became the committee ranking member following the departure of Pat Toomey, reportedly plans to make a crypto regulatory framework a priority in 2023.Senator Tim Scott, the Republican ranking member ...

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Thu, 02 Feb 2023

Is the Metaverse really turning out like ‘Snow Crash’?

Neal Stephenson’s science fiction novel Snow Crash predicted the Metaverse in 1992. This cult book has the amusingly-named Hiro Protagonist running around in an artificial cyber world, trying to stop a virus that wipes minds, aided by his hacker friend Y.T. Reality is a place to escape from, a neolib...

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Thu, 02 Feb 2023

Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

The online community has expressed bewilderment over how China’s crypto ban aligns with the United States’ proclaimed principles of freedom.The cryptocurrency community has ridiculed well-known Bitcoin (...

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Thu, 02 Feb 2023

What is crypto tax-loss harvesting, and how does it work?

Crypto tax-loss harvesting is a strategy used by investors to offset capital gains in their crypto investments by selling losing positions at a loss.Crypto tax planning can help optimize taxes by identifying opportunities...

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Thu, 02 Feb 2023

What crypto hodlers should keep in mind as tax season approaches

Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind.Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. ...

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Thu, 02 Feb 2023

Top 7 blockchain courses and certifications for beginners

Blockchain courses and certifications help individuals understand the underlying principles and applications of blockchain technology.Blockchain courses and certifications can play an important role in helping individuals...

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Thu, 02 Feb 2023

Developers seek solutions for Web3-related scams from internet browsers

A new suite of tools for Web3 businesses targets the safety and security of transactions, websites and smart contacts to combat exploits.A big concern for users in ...

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Thu, 02 Feb 2023

Tether CTO Paolo Ardoino on taking the bull by the horn

Stablecoins may have suffered an identity crisis in 2022, but Tether chief technology officer Paolo Ardoino is bullish about the utility the sector provides.Stablecoins have been under much scrutiny since the implosion of...

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Thu, 02 Feb 2023

Despite a bear market, crypto’s future is still bright: Crypto in 2023

2022 was quite the year for crypto. It saw incredible innovation and greater adoption. This progress was accompanied by some major growing pains, including major hacks and scams amid an overall bear market.2022 was quite ...

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Thu, 02 Feb 2023

Preserving and reinventing music festival legacy in the metaverse

The metaverse has been used as a means of cultural preservation in the past. Now, the legacy music festival Woodstock is using digital reality to preserve its legacy and reinvent its future.The metaverse is becoming a de...

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Thu, 02 Feb 2023

How to demystify DeFi

Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive world.Although the learni...

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Thu, 02 Feb 2023

Indian retail chain rolls out support for CBDC payments in stores: Report

Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at on...

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Thu, 02 Feb 2023

Bank of China ex-advisor calls Beijing to reconsider crypto ban

The economist argued that the current crypto ban in China is beneficial in the short term, but big opportunities can be missed in the long run.The idea of lifting the cryptocurrency ban has started floating in China as a ...

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Thu, 02 Feb 2023

HSBC needs someone to helm its tokenization efforts

According to a job posting, HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody.HSBC, the British multinational bank that manages the largest amount of assets in Europe, ...

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Thu, 02 Feb 2023

Bitcoin paints Nasdaq green as NCI index marks 38% gain in January

The bullish rise of Bitcoin and other altcoins in January helped the Nasdaq Crypto Index to register its third-highest monthly gain.Bitcoin’s (BTC) bullish surge in...

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Thu, 02 Feb 2023

State of play: Decentralized domain services reflect on industry progress

Major decentralized domain services weigh in on the state of the industry and the potential for future growth.The rise of Web3 functionality has been a boon for decentralized domain name services over the past two years, ...

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