Union Bank of Philippines to Offer Crypto Trading and Custodial Services – Featured Bitcoin News

Union Bank of Philippines to Offer Crypto Trading and Custodial Services

One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial … Read more

Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population – Regulation Bitcoin News

Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country's Muslim Population – Regulation Bitcoin News

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be … Read more

Bitcoin’s slump could be the start of a ‘crypto winter’ that sees prices crash, UBS says. Here are three reasons why. | Currency News | Financial and Business News

Bitcoin el salvador

UBS said there are a number of challenges that could trigger a crypto winter.Marvin Recinos/Getty Images A growing number of factors suggest a “crypto winter” could be on its way, analysts at UBS have warned. The case for bitcoin as a currency and inflation hedge is dwindling, and its tech has several flaws, they said. … Read more

Bitcoin price news live: Crypto set for ‘interesting week’ as major test approaches

Bitcoin price news live: Crypto set for ‘interesting week’ as major test approaches

Bitcoin remains stubbornly immobile at the start of the week, though some crypto analysts believe it is approaching a moment of reckoning. The cryptocurrency shifted in price by less than 1 per cent over the weekend, remaining above the key $40,000 level but failing to see any significant momentum towards recovering the losses it suffered … Read more

Vitalik Buterin Asks Twitter Followers Which Crypto They Prefer to Overtake Ethereum — Cardano, Tron Favorites – Altcoins Bitcoin News

Vitalik Buterin Asks Crypto Twitter Which Currency They Prefer to Replace Ethereum — Cardano and Tron Winners

Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin, … Read more

Crypto Could Soon Pose Risks to Countries’ Financial Stability – Regulation Bitcoin News

IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability

Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International … Read more

Investors riding the NFT craze are facing billions in taxes | Crypto News

Investors riding the NFT craze are facing billions in taxes | Crypto News

The NFT market has ballooned to $44bn, Chainalysis data shows, and rules about taxing the tokens are not clear.It’s one of the hottest corners of crypto – and now the U.S. government wants its share of the profits. Investors and creators of nonfungible tokens – a market that has ballooned to $44 billion, Chainalysis data … Read more

Bitcoin climbs above key level after US inflation jump | Crypto News

Bitcoin climbs above key level after US inflation jump | Crypto News

The largest digital asset by market value rose as much as 3.3 percent to $44,085 Wednesday.By Vildana Hajric and Emily GraffeoBloombergPublished On 12 Jan 202212 Jan 2022Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate about whether the cryptocurrency is a hedge against … Read more

SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security – Regulation Bitcoin News

SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won't Say if Ethereum Is a Security – Regulation Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency … Read more

SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme – Regulation Bitcoin News

SEC Charges Australian 'Man Behind the Machine' in $41M Crypto Fraud Scheme

The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the … Read more

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance – Bitcoin News

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s … Read more

Reddit cofounder Alexis Ohanian predicts play-to-earn crypto will be the only type of games people play in 5 years | Currency News | Financial and Business News

Alexis Ohanian, Reddit co-founder, at the Solana conference in Lisbon

Alexis Ohanian, Reddit cofounder.Solana Play-to-earn crypto will be the only type of games most people play in five years, according to Reddit cofounder Alexis Ohanian. “90% of people will not play a game unless they are being properly valued for that time,” he said in a recent podcast. He also expects most people will unknowingly … Read more

These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse | Currency News | Financial and Business News

Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyle

Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyleThinkhubstudio/Getty Buying virtual plots of land became the new normal in 2021 as investors jumped to alternative investing trends. Sales of virtual land boomed towards the latter half of the year, with NFT-based worlds raking in … Read more

Ex-Head of Crypto Exchange Wex Released in Poland – Bitcoin News

Ex-head of Crypto Exchange Wex Released in Poland

Former chief executive of the Russian cryptocurrency exchange Wex, Dmitry Vasiliev, has been released from arrest in Warsaw earlier this month. The ex-head of the now-defunct coin trading platform has since returned to Russia while court proceedings against him in Poland are still ongoing. Polish Court Rejects Extradition of Wex Executive to Kazakhstan Authorities in … Read more

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware … Read more

Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’ – Regulation Bitcoin News

Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. … Read more

GST officials detect Rs 40 crore evasion by crypto exchange | India News

Crypto transactions should be recognised as asset class, regulated centrally: RSS body | India News

CHENNAI: The GST authorities in Mumbai have detected evasion of Rs 40.5 crore and recovered Rs 49.2 crore in cash linked to GST evaded, interest and penalty while investigating the business activities of cryptocurrency exchange WazirX. WazirX exchange is managed by Zanmai Labs while the cryptocurrency ‘WRX’ it deals with is owned by Seychelles-based Binance … Read more

Robinhood is launching a beta version of its crypto wallet in January | Currency News | Financial and Business News

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.

A pop-up kiosk for Robinhood along Wall Street after the company went public.Spencer Platt/Getty Images Robinhood Markets is launching a beta version of its crypto wallet in January. After months of fine-tuning the new feature during the October alpha testing, Robinhood is now ready to move to the beta phase. Robinhood revealed common user feedback … Read more

Bitcoin, Ethereum, Crypto News and Price Data

Bitcoin, Ethereum, Crypto News and Price Data

“All About Bitcoin” dives into a bitcoin culture and markets discussion with crypto Twitter personality Gabriel Haines, including a look at one of his popular Twitter videos. How do memes and culture affect the markets? What signals is he reading in the bitcoin community for the end of 2021 and beginning of 2022? CoinDesk’s Galen … Read more

China’s crypto crackdown sparks Thai crypto-mining boom | Business and Economy News

China’s crypto crackdown sparks Thai crypto-mining boom | Business and Economy News

Bangkok, Thailand – The moment the axe fell on China’s massive cryptocurrency mines, Thai entrepreneur Pongsakorn Tongtaveenan was ready to swoop – quickly buying up redundant computer processors needed to retrieve Bitcoin from the network and shipping them to Southeast Asia. “Chinese miners got rid of their machines and the price collapsed by 30 percent,” … Read more

Iran orders crypto-mining ban to prevent winter blackouts | Crypto News

Iran orders crypto-mining ban to prevent winter blackouts | Crypto News

The ban is the second time this year that Iran ordered a shutdown of authorised cryptocurrency mining centres to ease the strain on the country’s power plants.By Yasna Haghdoost and Arsalan ShahlaBloombergPublished On 28 Dec 202128 Dec 2021Iran for the second time this year ordered a shutdown of authorized cryptocurrency mining centers as part of efforts … Read more

This Year’s Top 10 Crypto Asset Gainers Outshined BTC’s and ETH’s 12-Month Returns – Markets and Prices Bitcoin News

This Year's Top 10 Crypto Asset Gainers Outshined BTC's and ETH's 12-Month Returns

Digital currencies had a phenomenal 2021 as the crypto economy surged past a couple of trillion dollars in value this year. Over the last 12 months, bitcoin gained more than 90% in value and ethereum spike more than 540%. However, while those gains are decent, numerous digital assets outperformed those 12 month gains by a … Read more

Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals – Finance Bitcoin News

Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals

The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance … Read more

Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s Gambling Money’ – Featured Bitcoin News

Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says 'It's Gambling Money' – Featured Bitcoin News

Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of … Read more

Crypto news: Josh Frydenberg’s plans for regulation create a ‘weird limbo state’ for Bitcoin and other Cryptocurrency investors

Crypto news: Josh Frydenberg’s plans for regulation create a ‘weird limbo state’ for Bitcoin and other Cryptocurrency investors

Cryptocurrency is likely to be an election issue for millennials, according to an expert in risk and compliance.TCM Capital’s Fred Pucci says some Australians are relying on the crypto market to help them buy a house or get ahead, but without the benefit of any safeguards.Is investing in cryptocurrency worthwhile? Check out the video above … Read more

Crypto․com CEO Kris Marszalek Accuses Coinmarketcap․com of ‘Arbitrarily Reducing’ Exchange Rankings – Exchanges Bitcoin News

Crypto․com CEO Kris Marszalek Accuses Coinmarketcap․com of 'Arbitrarily Reducing' Exchange Rankings – Exchanges Bitcoin News

Crypto․com CEO Kris Marszalek has an issue with coinmarketcap.com’s exchange volume rankings, according to a tweet he published on December 25. Marszalek claimed in his tweet that the popular crypto aggregation website “arbitrarily reduced” the exchange’s ranking. Crypto․com CEO Complains About Coinmarketcap․com’s Exchange Rankings A recent tweet stemming from the CEO of Crypto.com’s Kris Marszalek … Read more

Crypto Mixing Tools Tornado.cash and Cashfusion Obscure More Than $8 Billion in Transactions – Privacy Bitcoin News

Crypto Mixing Tools Tornado.cash and Cashfusion Obscure More Than $8 Billion in Transactions – Privacy Bitcoin News

While blockchain monitoring has increased a great deal during the last few years, cryptocurrency mixers have seen significant use from those who don’t want their financial transactions tracked. Meanwhile, two mixing applications, Tornado.cash and Cashfusion, have helped crypto owners make their ethereum and bitcoin cash less traceable. The two applications combined recorded more than $8 … Read more

Turkish unit of crypto exchange Binance fined, news agency says

Turkish unit of crypto exchange Binance fined, news agency says

Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/IllustrationISTANBUL, Dec 25 (Reuters) – Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the … Read more

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners – Mining Bitcoin News

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies … Read more

Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US – Regulation Bitcoin News

Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US

The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says Senator … Read more

Nepal nationals used crypto to divert fraud money to China | Hyderabad News

Nepal nationals used crypto to divert fraud money to China | Hyderabad News

Hyderabad: In continuation of the ongoing probe in an investment fraud case busted in November, Rachakonda police on Friday arrested three more Nepal nationals in the city for allegedly aiding the prime accused Depu Mandal. Cops have gathered leads that the ill-gotten money was diverted to China through cryptocurrency by the accused. Rachakonda police said … Read more

Cryptocurrency news: What is Coti? Price predictions

Cryptocurrency news: What is Coti? Price predictions

A new crypto coin has the market buzzing after a big announcement, with wild predictions it could be worth $A2700 in a few years.A new crypto coin has the market buzzing after a big announcement this week.Coti crypto, which stands for “currency of the internet”, made waves by announcing its native coins can be converted … Read more

Markets 2021: Stocks Soar, IPOs Explode, Crypto Goes Wild | Business News

U.S. News and World Report Logo

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits.As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the benchmark index set 67 all-time highs.The market weathered a number … Read more

Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’ – Featured Bitcoin News

Donald Trump Says Crypto Is 'Very Dangerous' — Warns of 'Explosion Like We've Never Seen'

Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture. Former US President Trump … Read more

Jack Dorsey says VC involvement means crypto users don’t own Web3 — and Elon Musk seems to agree | Currency News | Financial and Business News

Jack Dorsey and Elon Musk

“You don’t own ‘web3.’ The VCs and their LPs do,” Dorsey said on Monday.MARCO BELLO/AFP/Picture Alliance/Getty Images Jack Dorsey and Elon Musk are decrying venture capital influence on Web3. Crypto users don’t own the next version of the internet, venture capitalists do, Dorsey said. When Musk asked if anyone’s seen Web3, Dorsey said “it’s somewhere … Read more

We spoke to crypto mega-billionaire and FTX founder Sam Bankman-Fried. Here are the 5 biggest takeaways. | Currency News | Financial and Business News

Sam Bankman-Fried FTX founder crypto exchange

Sam Bankman-Fried co-founded the crypto exchange FTX in 2019.FTX Sam Bankman-Fried built a crypto trading empire worth almost $30 billion in just a few short years. The 29-year old founder has worked around the clock for years to fulfill his goal of becoming a major philanthropist. These are the five big takeaways from Insider’s recent … Read more

Binance Developing Crypto Exchange in Indonesia – Exchanges Bitcoin News

Binance Developing Crypto Exchange in Indonesia With Telkom Asia's Venture Capital Arm

Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure provider Binance announced Wednesday that it has established a … Read more

Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings – Bitcoin News

Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings – Bitcoin News

The wealth manager Vaneck has announced it has expanded its exchange-traded note (ETN) offerings to support the tokens polygon and avalanche. The two ETNs follow five previously launched funds in Europe that allow investors to gain exposure to leading digital assets. Vaneck Adds Polygon and Avalanche to Its List of Cryptocurrency ETNs Vaneck has announced … Read more

China Censors Crypto-Themed Short Videos Shared Online – Regulation Bitcoin News

China Censors Crypto-Themed Short Videos Shared Online

An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association … Read more

A DAO is aiming to fund crypto projects in partnerships with some of the biggest names in higher education | Currency News | Financial and Business News

University of California Berkeley Campanile clock tower

The EduDAO traces its roots to the University of California, Berkeley.David Madison/Getty Images The newly launched EduDAO will allocate $11 million a year to university-level students working on technology projects.  EduDAO is being financed by decentralized asset manager BitDAO in partnership with Mirana Ventures.  Harvard, UC Berkeley, and Oxford are among the first universities in … Read more

Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets – Featured Bitcoin News

Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets

The number of cryptocurrency holders in Serbia has climbed to around 200,000 with interest in cryptocurrencies increasing alongside growing crypto markets. The country’s decision to legally recognize digital assets this year has also contributed to their increasing popularity. Law on Digital Assets Puts Serbia on Crypto Map Recently adopted regulations and genuine investor interest have … Read more

Bitcoin price news – live: Crypto market struggles to recapture momentum

Bitcoin price news – live: Crypto market struggles to recapture momentum

Bitcoin saw a brief surge in price over the weekend but has since slipped below $50,000 at the start of the week. Other leading cryptocurrencies are also struggling to recapture the momentum they saw last month, which took them to new all-time highs.Ethereum (ETH), Solana (SOL) and Ripple (XRP) all dipped by around 5 per … Read more

Battle of the metaverses and a billion-dollar hack — 13 expert predictions of what’s next for crypto in 2022 | Currency News | Financial and Business News

Traffic lights with green light replaced by bitcoin sign, clouds and light blue sky in the background

Experts share their predictions for crypto in 2022.WinzenT/Getty Images After an eventful 2021 in crypto, experts shared their predictions for the sector next year with Insider. Among them: Expect a battle for the metaverse, the first billion-dollar hack, and the use of bots to buy NFTs. The crypto economy will top $7.5 trillion in 2022, … Read more

Institutional Investors Expect Major Correction in Crypto Market Next Year – Bitcoin News

Institutional Investors See Crypto Market as the Top Contender for Major Correction in 2022

Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class. Institutional Investors See Crypto as Top Contender for Major Correction Natixis Investment … Read more

5 times quickfire crypto traders bought the news for double (or triple) digit profits

5 times quickfire crypto traders bought the news for double (or triple) digit profits

Why do crypto traders “buy the rumor, sell the news”?Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may … Read more

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

SINGAPORE – About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than $100,000 in lost cryptocurrency.The Neko Inu game rode on the play-to-earn crypto gaming craze and was launched earlier this year, allowing players to earn USDT, … Read more

Australia live news updates: Omicron Covid cases climb; Victoria records 13 deaths and NSW three; Sydney pub and club at centre of scare | Australia news

7.20pm EST 19:20 Frydenberg is talking about government advice they’ve got on Omicron. “The medical advice is still coming in, in terms of the Omicron variant but we have heard from the medical professionals and the Chief medical officer that it looks encouraging and that some of the early signs are more positive than initially … Read more

COVID-19: Omicron cases rise sharply by 448 and all coronavirus infections top 58,000 in latest UK daily figures | UK News

London, UK - June 17th 2020: Wear a Face Covering sign at Waterloo Station in London, UK. The Government have announced that face coverings are now mandatory when using public transport.

The UK has recorded 448 new Omicron cases in the latest 24-hour period – taking the total across the country to 1,265. It comes after 249 new infections of the COVID-19 variant were reported on Thursday. The latest figures released by the UK Health Security Agency (UKHSA) show 443 cases have been recorded in England, … Read more