Cryptocurrency Financial News

27.01 / 13:27

Facebook cryptocurrency Digital Currency Meta Facebook's cryptocurrency venture to wind down and sell tech assets

Meta Platforms Inc's digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond social networking into e-commerce and global payments. The project immediately ran into fierce opposition from policymakers globally, who worried it could erode their control over the money system, enable crime, and harm users' privacy.

27.01 / 12:37

cryptocurrency Bitcoin price today Bitcoin Bitcoin Price Nearly 30,000 Bitcoin millionaires wiped off in last 3 months

Bitcoin millionaires have been wiped in the last three months as the volatile cryptocurrency is witnessing a free fall — from $69,000 in November to nearly $36,000 (as of Thursday) — owing to regulatory scrutiny and geopolitical unrest. According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent. In general, the Bitcoin-rich list has plunged over the last three months.

27.01 / 11:35

Ethereum cryptocurrency Bitcoin price today Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, Terra shed up to 7%

cryptocurrency market eroded its gains on Thursday to trade lower following rate hike signals by the Fed at its next meeting. The central bank would steadily remove support for the economy in order to fight high inflation. Barring the US dollar-pegged stable coins, all other eight out of the top-10 digital tokens were trading lower during the trade on Thursday. Bitcoin and Ethereum shed more than 2 per cent each, whereas Terra dropped 7 per cent. The global crypto market cap dropped more than 2 per cent to the $1.62 trillion mark. However, the total crypto market volume rose more than 22 per cent to $103.97 billion.

27.01 / 09:49

Dogecoin Ethereum cryptocurrency Bitcoin Top cryptocurrency prices today: Dogecoin, Bitcoin, Ethereum zoom up to 7%

cryptocurrency market was attempting to stabilize following the recent wrath and ahead of the US Federal Reserve meeting outcome. However, the volumes remained thin despite the recent gains. The crypto market is closely observing the result of the US Federal Reserve’s two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation. Barring the US dollar-pegged USD Coins, nine out of the top-10 digital tokens were trading higher during the trade on Wednesday. Bitcoin and Ethereum jumped 2 per cent each, whereas Solana and Dogecoin zoomed up to 7 per cent.

27.01 / 09:05

Facebook cryptocurrency Platform Mark Zuckerberg's Cryptocurrency Project Unravels, Reportedly On Sale

Mark Zuckerberg once defended Diem, a crypto initiative backed by Meta, in front of U.S. lawmakers.

27.01 / 07:33

business cryptocurrency Crypto money laundering Crypto money laundering rises 30% in 2021: Report

Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30 percent from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday.

27.01 / 07:33

cryptocurrency economy World China to start 3-year nationwide crackdown on money laundering

Following increased regulatory steps, Beijing will now start a three-year nationwide crackdown on money laundering from 2022 to 2024, Bloomberg reported.

27.01 / 07:19

Ethereum cryptocurrency Federal Reserve Bitcoin Cryptocurrency Prices Today: Markets ring in red as Bitcoin, Ethereum tumble

The global cryptocurrency market capitalisation fell by 2.33 percent over the last 24 hours to $1.63 trillion while the trading volume over the same period rose by 9.14 percent to $87.68 billion.

26.01 / 21:39

cryptocurrency economics stocks Bitcoin Bitcoin, Ethereum, Stocks Rise as Sense of Relief Spreads Ahead of Fed Statement

The two largest cryptoassets bitcoin (BTC) and ethereum (ETH) rose in the market today, as a sense of relief sent nearly all risk assets higher ahead of the US Federal Reserve’s FOMC statement later today.

26.01 / 19:41

cryptocurrency Adoption Crime defi Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role

Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report.

26.01 / 16:59

business cryptocurrency SoftBank FTX Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek

Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.

26.01 / 16:05

cryptocurrency Gaming Gambling Join the CoinPoker High Roller Tournament with TonyG

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26.01 / 15:09

cryptocurrency Bitcoin Drop The IMF warns El Salvador to drop Bitcoin as a legal currency

The International Monetary Fund (IMF) has urged El Salvador to drop Bitcoin as legal tender and better regulate the digital wallet the government created and promoted to its citizens.

26.01 / 15:09

cryptocurrency Art Digital Currency Pablo Picasso enters NFT art market as family release tokens for ceramic heirloom

Pablo Picasso has been vaulted into digital commerce by his heirs.

26.01 / 14:27

cryptocurrency NFT Do your research warn NFT experts as fraud daubs commercial metaverse

NFT, the abbreviation of non-fungible token, was Collins Dictionary’s term of the year in 2021. Having entered the mainstream, its usage increased 11,000%. As the concept has gained traction globally, so too did the associated scams.

26.01 / 14:23

Dogecoin cryptocurrency stablecoins Bitcoin Crypto traders are now moving to more stable tokens

cryptocurrency exchanges have recorded higher trading volumes in the past few days owing to extreme volatility in the market, as many traders and investors liquidated some of the riskier tokens, rebalanced their portfolios by moving to stable coins and also indulged in opportunistic buying to average down their portfolios. During and after the weekend crash, ET spoke to multiple exchanges to gauge the trading volumes — most recorded higher transaction levels, but a few witnessed a dip too. «We have seen volumes increase by around 15%,» said Avinash Shekhar, co-CEO, ZebPay.

26.01 / 12:47

cryptocurrency SoftBank Bitcoin Crypto Exchange FTX US Valued At $8 Billion After $400 Million Fundraise

Chicago-based FTX US was launched in 2020.

26.01 / 09:25

cryptocurrency Digital IMF Bitcoin IMF Urges El Salvador To Remove Bitcoin As Legal Tender

IMF has urged El Salvador to remove Bitcoin as legal tender

26.01 / 07:27

Blockchain cryptocurrency defi Bitcoin recovery Cryptocurrency Prices Today: Recovery mode on as Avalanche rises 6.55%, Solana 3.88%

The global cryptocurrency market capitalisation reached $1.66 trillion (up 1.68 percent) during the last 24 hours while the market volume over the last 24 hours hit $80.34 trillion.

25.01 / 19:12

Ethereum cryptocurrency Adoption Bitcoin Why and How Crypto Will Rule Metaverse

Rabindra Ratan, Associate Professor of Media and Information, Michigan State University, and Dar Meshi, Assistant Professor of Communication Arts and Sciences, Michigan State University.

25.01 / 17:43

cryptocurrency Altcoins Bitcoin price today Bitcoin Price Top cryptocurrency prices today: Bitcoin moves higher; altcoins continue to bleed

crypto cart was struggling to move higher and follow Bitcoin ahead of the start of the Federal Reserve meeting on Tuesday. However, the rise in trading volumes came as a relief for the industry. Barring Bitcoin, all other nine out of the top-10 digital tokens were trading lower during the early trade on Tuesday. Bitcoin jumped about 3 per cent to the $36,000 level. The global crypto market cap remained flat at $1.63 trillion. However, total crypto market volume zoomed more than 53 per cent to $128.01 billion.

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