Tag: News

BTC Above $18,000, ETH Hits 2-Month High – Market Updates Bitcoin News

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Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices. BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99. Today’s move saw…

Ubisoft Latest Game Cancelation and More Bad News Causes Shares to Plunge 20%

Due to the bad news, which includes the canceled games and financial challenges, Ubisoft plans to “depreciate around €500m of capitalized R&D”. French video game publisher Ubisoft saw its shares slump 20% after the company shared some bad news. The video game publisher announced delaying the release of its game “Skull and Bones”. It is indeed bad news from Ubisoft as the Skull and Bones game will be delayed again. That means that it will no longer launch on the 9th of March which was the most recent schedule. With…

Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps – Security Bitcoin News

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The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of Germany (Bafin) has warned consumers about the threats from a malicious software known as ‘Godfather.’ The Trojan often mimics a legitimate app and records user input when accessing fiat and crypto accounts. In a notice…

Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group – Fintech Bitcoin News

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Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process is complete, no single shareholder will have control over Ant Group, the fintech said in a statement. Shareholders’ Economic Interests Unaffected Billionaire and Chinese fintech giant Ant Group’s controlling shareholder, Jack Ma, recently agreed to an arrangement that dilutes his shareholding and his voting rights.…

UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective – Finance Bitcoin News

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The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a digital version of the national currency, Economic Secretary to the Treasury Andrew Griffith told lawmakers, the BBC reported. A public consultation on the attributes of a digital pound would be launched in the coming weeks,…

Ex-Coinbase Manager’s Brother Sentenced to Prison in Crypto Insider Trading Case – Regulation Bitcoin News

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A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Tuesday that Nikhil Wahi “was sentenced to 10 months in prison” in a “groundbreaking cryptocurrency insider trading case.” He pled guilty to one count of conspiracy to commit wire fraud. The Justice Department explained that Wahi was sentenced “for his participation in a scheme to commit insider trading in cryptocurrency…

Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager – Regulation Bitcoin News

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The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets The proposed asset purchase deal between the U.S. arm of cryptocurrency exchange Binance (Binance US) and bankrupt crypto lender Voyager Digital reportedly received initial court approval Tuesday. The court greenlighted the deal despite objections by the U.S. Securities and Exchange Commission (SEC) and a number of state securities regulators. In addition,…

The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’ – Regulation Bitcoin News

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Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading to much less transparency and potential financial stability risk.” Fed Governor on Crypto, US Economy, and Inflation Michelle Bowman, a member of the Board of Governors of the Federal Reserve System, talked about cryptocurrency, the U.S. economy, and the Fed’s effort to lower inflation Tuesday at a Florida Bankers Association Leadership…

‘I Shouldn’t Ever Use the Word Hurricane’ – Economics Bitcoin News

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JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in an interview with Fox Business Tuesday. Regarding his previous warning about an incoming economic hurricane that everybody should brace for, Dimon said: I shouldn’t ever use the word hurricane. He clarified: “What I said was…

Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government – Regulation Bitcoin News

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The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law to include some issues that were left behind for its approval. Brazilian Crypto Law Still Not Final, Former Rapporteur States The recently sanctioned Brazilian cryptocurrency law will likely be reviewed by the newly appointed congress of the country, according to statements made by its former rapporteur,…