Crypto News

‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree

‘Confusion’ as Regulator Chimes in Amid South Korean Delisting Spree

Crypto investors have been left “confused” after a spate of altcoin delistings on major South Korean exchanges has escalated to the point where the regulator has stepped in with yet more rul...

Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, whic...

Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D

Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D

The recently created decentralized autonomous organization (DAO) BitDAO says it has raised over USD 230m from a private sale funding round. In a press release shared with Cryptonews.com, the...

Bitcoin Corrects Lower, Ethereum and Altcoins Extend Losses

Bitcoin Corrects Lower, Ethereum and Altcoins Extend Losses

Bitcoin price failed to stay above the USD 40,000 level and started a downside correction. BTC traded below the USD 39,500 level. It is currently (12:14 PM UTC) showing bearish signs and it ...

Tell Us the Altcoins You Want to Delist, Regulator Orders Korean Exchanges

Tell Us the Altcoins You Want to Delist, Regulator Orders Korean Exchanges

The top South Korean financial regulator has demands to know about crypto exchanges’ token delisting policies and wants to compile a list of high-risk altcoins – in a move likely connected t...

BitClout Investors Coinbase & Blockchain.com Step Up Their Shilling Efforts

BitClout Investors Coinbase & Blockchain.com Step Up Their Shilling Efforts

Major crypto exchange Coinbase CEO Brian Armstrong is taking a lot of flak today for his open support of controversial blockchain-based social network BitClout (CLOUT). While another crypto ...

Crypto Market Sentiment in Neutral Zone; Tether Wins Week, Loses Day

Crypto Market Sentiment in Neutral Zone; Tether Wins Week, Loses Day

After climbing a short step up last week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped to 5 from 5.15, according to the market sentiment ana...

Bitcoin Eyes Key Upside Break, Ethereum and Altcoins Could Follow

Bitcoin Eyes Key Upside Break, Ethereum and Altcoins Could Follow

Bitcoin price gained pace after it broke the USD 38,000 resistance zone. BTC even climbed above USD 38,500 and USD 39,000. It is currently (12:15 PM UTC) consolidating and it might attempt a...

Bitcoin Remains Elevated, Ethereum and Altcoins Struggle

Bitcoin Remains Elevated, Ethereum and Altcoins Struggle

Bitcoin price corrected gains from the USD 38,500 resistance zone. However, BTC remained well bid above the USD 36,000 level. It is currently (12:07 PM UTC) trading in a positive zone and it...

Polkadot, Kusama Rally On USD 100M Parachain Lease Auction News

Polkadot, Kusama Rally On USD 100M Parachain Lease Auction News

Native tokens of sister networks Polkadot (DOT) and Kusama (KSM) have rallied today following a start of Parachain Auctions as Acala Network raised over USD 100m in KSM for its Karura networ...

Solana Rallies On USD 314M Investment News

Solana Rallies On USD 314M Investment News

Solana (SOL) said it raised USD 314m in order to accelerate the growth of this blockchain platform, fueling a rally in the market. At 13:09 UTC, SOL, ranked 11th by market capitalization, t...

Ethereum Leads the Crypto Market Sentiment

Ethereum Leads the Crypto Market Sentiment

The average 7-day moving crypto market sentiment score for 10 major coins rose from 5.03 last week to 5.15 today, shows the market sentiment analysis service Omenics, while ethereum (ETH) be...

Kalashnikov Wants to Shoot Down SWIFT and Switch to ‘Digital Currency’

Kalashnikov Wants to Shoot Down SWIFT and Switch to ‘Digital Currency’

The owner of Kalashnikov, the firm that created the AK-47 assault rifle, wants to uncouple from the SWIFT international payments network and banking sector-controlled payments and make use o...

Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin

Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin

China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing. Like previous giveaways in c...

Coin Race: Top Winners/Losers of May; BTC, ETH in Red, Cardano Led Top 10

Coin Race: Top Winners/Losers of May; BTC, ETH in Red, Cardano Led Top 10

March was mega green, April was really green, and May was…well, let’s take a look. The month was certainly marked by the dramatic selloff, followed by the expected consolidation. Bitcoin (BT...

Polygon, Enjin, Decred, Uniswap, and Horizen Led the Market Last Week

Polygon, Enjin, Decred, Uniswap, and Horizen Led the Market Last Week

Despite the recent selloff, some cryptoassets did much better than others last week, as the market started showing some early signs of a potential recovery. The top five coins leading the ma...

Bitcoin and Ethereum Move Higher, XRP Returns Above USD 1

Bitcoin and Ethereum Move Higher, XRP Returns Above USD 1

Bitcoin price remained stable above the USD 34,000 support zone. As a result, BTC started a steady recovery above the USD 35,500 resistance. It even surpassed the USD 36,500 level and it is ...

Chia In Spotlight Amid Global Hard Disc Shortage

Chia In Spotlight Amid Global Hard Disc Shortage

Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of...

SEC Asks Court to Let it See Evidence of Ripple’s ‘XRP Lobbying’

SEC Asks Court to Let it See Evidence of Ripple’s ‘XRP Lobbying’

The epic war between Ripple (XRP) and the US Securities and Exchange Commission (SEC) has entered a new chapter, with the latter writing to the court to claim Ripple has been on a PR offensi...

Bitcoin and Ethereum Target Fresh Weekly Highs, Altcoins Turn Attractive

Bitcoin and Ethereum Target Fresh Weekly Highs, Altcoins Turn Attractive

Bitcoin price remained well supported above the USD 37,000 level. BTC started a fresh increase and it surpassed the USD 38,500 level. It is currently (12:20 PM UTC) showing positive signs an...

Internet Computer Enters Top 10, as DFINITY Offers USD 223M in Grants

Internet Computer Enters Top 10, as DFINITY Offers USD 223M in Grants

Internet computer (ICP) has entered the list of the top 10 cryptoassets by market capitalization list, while the non-profit organization dedicated to building and promoting it, Switzerland-b...

Bitcoin and Ethereum Gain Momentum, Altcoins Accelerate

Bitcoin and Ethereum Gain Momentum, Altcoins Accelerate

Bitcoin price remained strong above the USD 38,000 resistance level. BTC even broke the USD 40,000 level and traded close to USD 41,000. It is currently (12:20 PM UTC) correcting gains, but ...

Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot

Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot

The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBD...

Digital Yuan Not Intended for the International Stage, Say Experts

Digital Yuan Not Intended for the International Stage, Say Experts

China’s forthcoming digital yuan may not be set to make a mark on the international monetary scene after all – and could, at least initially, be limited to domestic user-cases, experts have ...

New Funding Paradigm: Japanese Grassroots Football Clubs Launch Fan Tokens

New Funding Paradigm: Japanese Grassroots Football Clubs Launch Fan Tokens

An increasing number of Japanese amateur and semi-professional football teams are seeking to launch so-called “fan tokens” – prompting some to ask if a new model is developing for fundraisin...

Crypto Market Sentiment Drops Further; Bitcoin Deep In the Neutral Zone

Crypto Market Sentiment Drops Further; Bitcoin Deep In the Neutral Zone

As the crypto market has corrected sharply, the market sentiment has seen a notable drop for the second week in a row - and it dropped out of the positive zone. The average 7-day moving cryp...

Top Altcoins Traded by Crypto Funds In 2020

Top Altcoins Traded by Crypto Funds In 2020

While some 56% of surveyed crypto hedge funds declare that bitcoin (BTC) was responsible for at least half of their daily crypto trading volume in 2020, with 15% of the funds trading solely ...

Xinjiang Police Vow to Fight Crypto Fraud, Launch Public Awareness Drive

Xinjiang Police Vow to Fight Crypto Fraud, Launch Public Awareness Drive

The police in the Xinjiang Uyghur Autonomous Region, China, have launched a campaign that they hope will help wipe out crypto scams. Per the Legal Daily, the police are concerned that “illeg...

Polygon Flips Ethereum in Daily Transactions, Price Hits All-Time High

Polygon Flips Ethereum in Daily Transactions, Price Hits All-Time High

Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart Chai...

Skeptics Keep Tether Busy Despite Latest Transparency Round

Skeptics Keep Tether Busy Despite Latest Transparency Round

After revealing their reserves breakdown, Tether, the issuer of the most popular stablecoin, tether (USDT), still needs to respond to skeptics that remain unconvinced by the latest numbers a...

Many Major Stablecoins Take a Brief Plunge Below USD 0.9

Many Major Stablecoins Take a Brief Plunge Below USD 0.9

In the vast sea of red currently seen in the crypto market, one section particularly stands out: the sudden and brief drop in a number major stablecoins at approximately the same time, befor...

Independent Local Stablecoin Booming in South Korea’s Buyeo

Independent Local Stablecoin Booming in South Korea’s Buyeo

The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token. Per Kuki News, the county has e...

French Crypto Investor Sues Australian Firm After Klaytn Deal Goes South

French Crypto Investor Sues Australian Firm After Klaytn Deal Goes South

French businessman Alexandre Raffin, who runs the Paris-based Gains Associates, a company that allows investors to pool their money and buy crypto, has filed a lawsuit in an Australian court...

Digital Euro Summer, Enjin Filled With Millions, Biden's USD 2T Tax Plan + More News

Digital Euro Summer, Enjin Filled With Millions, Biden's USD 2T Tax Plan + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news The President of the Europe...

Abkhazia to Criminalize Crypto Mining and Extend ‘Temporary’ Ban

Abkhazia to Criminalize Crypto Mining and Extend ‘Temporary’ Ban

The de facto South Caucasus state of Abkhazia’s crypto mining miseries continue to deepen, with the government set to criminalize mining – and extend a mining ban as power supplies continue ...

Coin Race: Top Winners/Losers of March and 1st Quarter of 2021

Coin Race: Top Winners/Losers of March and 1st Quarter of 2021

March came to an end, and with it the first quarter of 2021. Both turned out to be very green for the crypto market. As a matter of fact, not a single coin's price from the top 50 by mar...

Coinbase Listing Has Largest Impact On Price Among 6 Exchanges - Messari

Coinbase Listing Has Largest Impact On Price Among 6 Exchanges - Messari

Among six of the major crypto exchanges, Coinbase listings have the biggest effect on a coin's price, according to a researcher at the crypto intelligence firm Messari. Its report noted ...

Customers of Small South Korean Crypto Exchanges Fear for their Funds

Customers of Small South Korean Crypto Exchanges Fear for their Funds

South Korean crypto exchanges are now among the most tightly policed trading platforms in the world after a new piece of anti-money laundering (AML) legislation promulgated last week, also p...

Tether's Assets Exceeded Its Liabilities (On February 28) - Auditor

Tether's Assets Exceeded Its Liabilities (On February 28) - Auditor

Tether, the issuer of the most popular stablecoin, tether (USDT), published its independent accountant's report that claims that the company's assets exceed its consolidated liabilit...

Crypto Community Asks Who's Next As SEC Hits Decentralized LBRY

Crypto Community Asks Who's Next As SEC Hits Decentralized LBRY

Crypto users and advocates are rallying somewhat uncertainly around the cause of the decentralized content platform operator LBRY. The operator has been hit with a USD 11m legal challenge fr...

Russia Wants to Use the Digital Ruble to Power its USD Purge

Russia Wants to Use the Digital Ruble to Power its USD Purge

The politician charged with putting together Russia’s crypto regulation legislation and forming the nation’s financial policy has spoken about the need to purge the United States dollar from...

Ripple Goes For M&A in Asia Amid Legal Battle In US

Ripple Goes For M&A in Asia Amid Legal Battle In US

US-based major blockchain company Ripple that is still fighting a major legal battle with American regulators said it has agreed to acquire 40% in Tranglo, an Asian cross-border payments spe...

Crypto Market Sentiment Slips; XRP Wins Week

Crypto Market Sentiment Slips; XRP Wins Week

Following two weeks of unchanged market sentiment, there's finally been a move - and for the worse. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins...

Visa Starts Settling Transactions in USD Coin On Ethereum

Visa Starts Settling Transactions in USD Coin On Ethereum

Payments giant Visa partnered with major crypto company Crypto.com in order to settle transactions in the second-largest steblecoin USD Coin (USDC) with Visa over Ethereum (ETH). "Working w...

Bitcoin, Ethereum and Altcoins Show Positive Signs

Bitcoin, Ethereum and Altcoins Show Positive Signs

Bitcoin price remained stable above USD 52,000 and it climbed above USD 53,000. BTC even spiked above the USD 53,500 and it is currently (13:45 UTC) showing positive signs. If there is a dai...

Central Banks Focus On Financial Inclusion As Cryptos Get Traction

Central Banks Focus On Financial Inclusion As Cryptos Get Traction

Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (...

Law Firm Slaps BitClout Creator With a Cease and Desist Letter

Law Firm Slaps BitClout Creator With a Cease and Desist Letter

As a lawyer implied would happen, a prominent law firm sent a cease-and-desist letter to the alleged creator of the new, fast-turned-controversial, blockchain-based social network BitClout. ...

Bitcoin, Ethereum and Altcoins Consolidate Losses

Bitcoin, Ethereum and Altcoins Consolidate Losses

Bitcoin price settled below the USD 55,500 and USD 55,000 support levels. BTC is consolidating losses and it is currently (12:30 PM UTC) trading above USD 54,000. If there is no upside break...

South Korean Deputy PM Make Crypto ‘Overheating’ Claim as Alt Interest Rises

South Korean Deputy PM Make Crypto ‘Overheating’ Claim as Alt Interest Rises

In a potentially ominous sign for the South Korean crypto community, the nation’s deputy prime minister Hong Nam-ki has called the crypto market “overheated.” Politicians speaking out in dis...

Crypto Market Sentiment Unchanged; BNB Outperforms Its Peers

Crypto Market Sentiment Unchanged; BNB Outperforms Its Peers

After approaching the positive zone last week, the market sentiment stopped in its tracks it seems - not moving either way. The average 7-day moving crypto market sentiment score (sentscore)...