Bitcoin, other cryptocurrencies in sudden plunge following gradual recovery from June, when Bitcoin dropped 37 percent in a single month
TECHNOLOGY POWERING BUSINESS
News Cryptocurrency
Nvidia Warns Of 44 Percent Drop In Gaming Sales
Nvidia warns gaming sales set to come in significantly lower than expectations amidst end of pandemic-era surge in demand and slump in crypto-mining
Tinder Ditches Metaverse, Digital Coin Plans As Investors Swipe Left
Tinder parent Match Group suspends plans to develop metaverse-based dating and Tinder Coins after announcing disappointing third-quarter expectations
Celsius Network Files For Bankruptcy Protection
Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure
Celsius ‘Deeply Insolvent’, US State Regulator Believes
Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and other creditors”
Central African Republic Pushes Crypto For Economic Inclusion
Central African Republic's cryptocurrency-based Sango plan aims to boost crypto adoption, tokenisation – and even includes metaverse platform
FBI Adds ‘Cryptoqueen’ To List Of Ten Most Wanted
FBI adds Ruja Ignatova, former leader of OneCoin cryptocurrency scheme, to list of ten most wanted over running 'one of largest Ponzi schemes in history'
Cryptocurrencies Plunge After Celsius Pauses Withdrawals
Bitcoin and other cryptocurrencies fall after $12bn crypto lender Celsius pauses withdrawals and transfers, citing 'extreme' market conditions
Bitcoin Price Spikes After Weeks Of Declines
Bitcoin rises more than 7 percent to over $31,000 after eight weeks of declines, but crypto transaction volumes still low after collapse of Terra and Luna coins
Crypto Investor Arrested After Visiting Home Of TerraUSD Founder
South Korean crypto investor under police investigation after visiting home of Do Kwon, creator of failed TerraUSD cryptocurrency, to ask for apology
Davos Forum Sees Major Influx Of Crypto Firms
Cryptocurrency and blockchain firms are major presence at this year's physical Davos economic summit, in spite of recent drop in crypto values
Crypto Executive Says Bitcoin Has ‘No Future’ As Payments Network
Billionaire Sam Bankman-Fried, founder of the digital asset exchange FTX, says Bitcoin tech cannot scale to meet demands of true payments network
TerraUSD Organisers ‘Spent $2bn’ In Bitcoin To Maintain Value
Organisers behind failed TerraUSD stablecoin say they spent more than $2bn in Bitcoin last week in vain attempt to keep virtual currency from crashing
Bitcoin Slide Continues As Regulators Weigh In
Bitcoin and other cryptocurrencies continue to slide after spectacular collapse last week of 'stablecoin' TerraUSD and broader market jitters
Cryptocurrency Crash Continues As Ethereum, Luna Plummet
After Bitcoin suffers major crash this week, Ethereum, Luna, terraUSD and other cryptocurrencies plunge, wiping $200 billion off entire market
Funding Round Values Cryptocurrency Exchange KuCoin At $10bn
New $150m funding round values Seychelles-based cryptocurrency exchange KuCoin at $10bn amidst soaring investment in 'web3' ventures
Bitcoin Falls 50 Percent From November High
Bitcoin, other cryptocurrencies slump amidst broader stock market sell-off amidst central bank interest rate hike and economic uncertainty
SEC Nearly Doubles Staff Of Crypto Enforcement Group
US financial regulator adds 20 full-time staff to cryptocurrency enforcement unit, also targets fraud in decentralised finance, NFTs, stablecoins
Bored Ape Start-Up Raises Millions In Virtual Land Sale
'Bored Ape Yacht Club' NFT creator, start-up Yuga Labs, raises more than $260m in sale of tokens representing land in upcoming virtual world 'Otherside'
Twitter Works With Stripe On Crypto Payments Trial
Twitter works with online payments processor Stripe to trial limited cryptocurrency payouts to creators over USDC stablecoin
US Says North Korean Lazarus Group Carried Out Huge Crypto Theft
US Treasury Department says notorious North Korean hackers, the Lazarus Group, was behind largest ever cryptocurrency heist last month
Government Sets Out Plan To Recognise Stablecoins
Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a valid form of payment
WeChat Disables Accounts Linked To NFTs
China's WeChat messaging service disables accounts linked to 'speculation' and secondary sales of NFTs amidst regulatory crackdown
Bitcoin Mining Start-Up To Make Nasdaq Debut
Bitcoin mining and infrastructure start-up Prime Blockchain set to list on Nasdaq in merger with blank-cheque firm valuing it at $1.25bn
Bank Of England Begins To Outline UK’s Crypto Regulatory Approach
The UK's Bank of England begins this week to publicly outline its first regulatory framework for cryptoassets, amid ongoing concerns
UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’
Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'
UK Regulator Warns Against ‘Illegal’ Crypto Cash Machines
Financial Conduct Authority warns cryptocurrency ATMs operating in UK are illegal and operators must shut them down or face enforcement action
Bitcoin Rises After Biden Signs Crypto Executive Order
US executive order signed by President Joe Biden concerning cryptocurrencies, to examine risks and benefits of digital assets
Ukraine To Issue NFTs To Fund War Effort
Ukraine to issue NFTs to fund armed forces in conflict with Russia, after raising millions in anonymous cryptocurrency donations via social media
Ukraine Raises Millions In Cryptocurrency Donations
Ukrainian government and NGOs receive millions of dollars' worth of Bitcoin, Ethereum and other digital coins amidst Russian invasion