Cryptocurrency

China’s central bank has deemed all cryptocurrency transactions illegal, sending the Bitcoin price spiraling by 6%. U.S. Senator Pat Toomey believes this is a valuable opportunity for the United States to move out front on cryptocurrency. The People’s Bank of China is broadening its ban on the industry, especially Bitcoin, …

The White House has imposed sanctions against SUEX, a virtual currency exchange that enables users to trade cryptocurrency or other digital currencies.The new measures were a reaction to the role played by the Czech Republic-based SUEX’s in facilitating financial transactions for ransomware actors as well as involving illicit proceeds from …

U. S. Crypto billionaire Mike Novogratz said that bitcoin’s firm level at $40,000 during the latest selloff had definitely sent a good sign for the market.Speaking after cryptocurrencies’ sharp selloff at the start of the week, Novogratz also recommended buying digital assets under the current circumstances. He said that he …

U. S. President Joe Biden’s pick for the official position of the Office of the Comptroller of the Currency (OCC) Chair has stirred controversy across the financial circles Biden’s pick is Saule Omarova; a Cornell University’s law professor who has been critical of cryptocurrencies. Omarova adopts a vision on a …

Ripple Labs’ legal team said that there is no intention to reach a settlement in their lawsuit with the U.S. Securities and Exchange Commission.The top US financial regulator alleges that Ripple has been selling XRP as an unregistered securities since 2013. The legal battle began in December 2020 AND provides …

The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …

Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets. Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August. The current point is also below …

The price of Bitcoin fell sharply on Monday, September 20th, as investors began to dump risks amid a slump in global stock markets. The world’s most popular cryptocurrency tends to fall despite being considered safe haven by some, the growing reality is that its price tends to fall amid broader …

Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

Crypto currency Dogecoin achieved some positive move on the road to recovery and jumped up Friday as traders are assessing feasibility and impact of its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate rose up to 16.42% to USD 0.00000950 for the first time …