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How Japan Became Global Leader in Cryptocurrency & Blockchain Adoption
21.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
It isn’t easy to analyze the history of cryptocurrency and blockchain without eventually bumping into Japan, Satoshi Nakamoto, and the birth of bitcoin as well as the first blockchain in the land of...
5 Ways to Make Money on Cryptocurrency in the Era of Coronavirus
21.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
The pandemic has changed the rules of the game, not only for business, but in fact, has affected everyone. The words quarantine and remote work have become commonplace in our everyday life. Those companies...
Stock Guru Jim Cramer Thinks Crypto Crash Will Benefit Stock Markets
21.5.2021
Jim Cramer, otherwise known as the ‘stock guru,’ has weighed in how the latest cryptocurrency market correction can affect the stock markets. Cramer thinks this contingency will benefit stock markets, with some investors taking profit and moving them to less volatile, less transient...
South Korean Deputy Prime Minister Eases Anti-Crypto Rhetoric, Aims to Create More Domestic Market Opportunities
21.5.2021
The South Korean government seems to be easing its anti-crypto tone, as the Deputy Prime Minister came forward with a statement that opened the doors for future open dialogue on virtual currency topics. Hong Nam-ki unveiled that officials are assessing ways to get young people into “domestic...
Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas
21.5.2021
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2...
Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly
20.5.2021
Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the confusion, other customers that applied for withdrawals are now being...
US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
20.5.2021
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more...
Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership
20.5.2021
The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trust charters and halt the approval of any additional charters to nonbank...
Effect of Cryptocurrency Market Crash on NFTs
20.5.2021
On Tuesday, China placed further restrictions on financial institutions, continuing its 2017 ban on cryptocurrencies. With this, financial institutions and payment gateway companies in China are banned from providing any cryptocurrency-related services. On Wednesday, cryptocurrency exchanges opened...
Bitcoin Back to $42K, Nearly Recovering All of Wednesday’s Losses
20.5.2021
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months
BitcoinVend (BCVT) Token Is Now Listed on Bitcoin.com Exchange
20.5.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of BCVT, being available to trade on the 20th May 2021 at 10:00AM UTC. BCVT was created by the BitcoinVend team, as the native cryptocurrency of their BitcoinVend App. BCVT will start trading with USDT and ETH pairs. What...
Plunge in Bitcoin & Effect on Cryptocurrency
20.5.2021
Recent crypto crash It will be worth noting that the falling of cryptocurrency reinstates the fact that these are volatile assets. The current melting of the cryptocurrency is not attributed to any single isolated event. It is the cumulative outcome of uncertainty and confusion on the part...
Australian Senator Says Cryptocurrency Is Not a Fad — Government Won’t Stand in the Way
20.5.2021
Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their...
Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards
20.5.2021
A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic...
Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report
20.5.2021
The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use...
ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals
20.5.2021
The vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility.” His comments followed massive sell-offs across a broad range of cryptocurrencies. ECB VP Says Crypto...
Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
20.5.2021
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners...
Bitcoin Pizza Initiative Launched Among Heavy Criticism: Only Fiat Accepted
19.5.2021
The Bitcoin Pizza initiative, a new endeavor promoted by Bitcoin influencer Anthony “Pomp” Pompliano, that seeks to fund Bitcoin development while remembering Lazlo Hanyecz’s legendary pizza purchase, was launched yesterday. While being applauded by some, it also raised a lot...
Federal Reserve Bank Presidents: Cryptocurrency Sell-off Not a Systematic Concern, Does Not Affect Fed Policy
19.5.2021
Cryptocurrency sell-off is not a systematic concern for the Fed and does not affect Fed’s policies, two Federal Reserve Bank presidents said Wednesday. “We are all quite aware that crypto can be very volatile,” said the president of the Federal Reserve Bank of St. Louis. Crypto...
Wells Fargo Gets Into Crypto With Upcoming ‘Professionally Managed’ Cryptocurrency Investment
19.5.2021
Wells Fargo will soon offer “a professionally managed solution” for cryptocurrency to clients. “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” said the president...