Crypto News

Mark Cuban, billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, thinks that cryptocurrency is on the same downward trend that tech and internet companies hit in the early 2000s. Cuban addressed the slump in a viral Twitter TWTR, 3.31% thread on May 9, and crypto prices have continued to slump since then. “Crypto is […] More

Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges. The incident happened at around 3:00 am UTC after a whale dumped 65,000 ETH for multiple “stablecoins,” including USD Coin (USDC), Tether (USDT) and Dai (DAI). […] More

For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. Should energy prices drop below $0.24kwh to match average costs in other parts of the United States, Ethereum would also become profitable. More

Cryptocurrency exchange Coinbase Global Inc said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions. Coinbase said earlier this month that it would extend its hiring freeze for the foreseeable future and rescind a number of accepted offers. More

One must acknowledge the potential that arises from leveraging blockchain and cryptocurrency technology. The following projects can be the catalyst to do some good for the world. EarthFund DAO: Under the DAO banner, EarthFun will create a treasury for changing the world. People can donate to causes – rather than projects. Grand Time:  Grand Time is […] More

Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade. Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can’t verify the sender’s address. The announcement comes just days after major South Korean crypto exchanges delisted LTC due to the […] More

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Russian lawmakers will review a new bill imposing a ban on the use of […] More

On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers. The company’s CEL token quickly reacted, dropping 70% in one hour from a prior high of $0.49 earlier on Sunday down to $0.15, according to CoinMarketCap. More

Over $100B was wiped off the cryptocurrency market this weekend after Treasury Secretary Janet Yellen issued a sombre crypto warning. Crypto prices have fallen together with the S&P 500 down 2.9% Friday, and the Nasdaq down 3.5%. The crypto market has grown increasingly correlated with traditional equity markets in recent months. Both crypto and stock […] More

Farfetch is the most recent premium fashion brand to experiment with digital currencies. Later this year, the luxury apparel business will begin taking bitcoin payments on its marketplace. The cryptocurrency payment feature will be tested at luxury boutiques across the European Union before being extended out to the United States, Europe, and the United Kingdom. More

The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules across the 27 member countries, people familiar revealed, according to a Bloomberg report on Friday. An agreement on MiCA would put the EU at the cutting edge of crypto regulation by creating unified rules across a […] More