CRYPTO NEWS

Bitcoin fell below $20,000 for the first time since December 2020, as evidence of escalating stress in the crypto industry mounts against the backdrop of monetary tightening. In the early hours of Saturday, Bitcoin slid as much as 6% to $19.3K. The most valuable cryptocurrency in terms of market capitalization …

The cryptocurrency market is currently in distress following the massive crash of coins like Bitcoin, Ether, Luna and others. This has resulted in massive sell-offs forcing the combined market capitalization of all cryptocurrencies to fall below a trillion dollars, according to a report by CoinMarketCap. Currently, Bitcoin is trading around …

The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to …

Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. …

A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban on cryptocurrency. Bank Alfalah Asks Customers to Avoid …

The State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose penalties on them. Pakistani Interministerial …

Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated derivatives trading platform. Coinbase plans to make the derivatives market more approachable to millions of its retail customers. Coinbase Plans to Offer Crypto Derivatives to All US Customers Nasdaq-listed crypto exchange operator Coinbase announced Wednesday that it has acquired Fairx, a regulated …

In the wake of the latest price declines in Bitcoin and major altcoins, investors who made leveraged bets in the notoriously volatile markets are suffering a large amount of pain, resulting in about $340 million in liquidations just for today. As bitcoin dropped below $40K for the first time since …

The rise in cryptocurrency use in Africa over recent years has not only demonstrated that digital currencies are now a vital way to move funds across borders, but also that cryptocurrencies can be used to access global markets for those who are financially excluded. Cryptocurrency is Now a Necessity Despite …

According to Indian legal experts, it is too late for cryptocurrency ban despite calls from the Reserve Bank of India (RBI) to ban it completely. The Swadeshi jagran Manch (SJM), which is an affiliate of the nationalist Rashtriya Swayamsevak Sangh passed a resolution calling on crypto to be banned. In …