Tag: News

Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government – Exchanges Bitcoin News

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The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase Responds to Reports of It Selling Customer Data to U.S. Government Cryptocurrency exchange Coinbase came under fire last week when reports surfaced accusing the Nasdaq-listed company of selling customer data to the U.S. government. Coinbase Tracer, the analytics arm of the cryptocurrency exchange, has signed a contract with U.S. Immigrations and Customs Enforcement…

EU Makes Deal on MiCA Legislation to Regulate Crypto Markets – Regulation Bitcoin News

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Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European officials agreed to adopt a set of anti-money laundering rules for cryptocurrency transactions. EU Parliament, Council, Commission Agree to Tame ‘Wild West’ Crypto Market Negotiators representing the major institutional bodies of the European Union agreed to implement the landmark Markets in Crypto Assets (MiCA) legislation across the 27-strong…

Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy – Bitcoin News

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The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files for Bankruptcy — ‘Tremors’ From the Crypto Market Fall ‘Continue to Reverberate,’ Says JPMorgan Analyst Following the reports that Three Arrows Capital Ltd. (3AC) was reprimanded by the Monetary Authority of Singapore (MAS) and faced liquidation from a court order stemming from the…

Nigeria's booming investment in cryptocurrency continues despite ban

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Global cryptocurrency trading platform Paxful recently announced that Nigeria had become the biggest market for bitcoin and cryptocurrency on its exchange despite the imposition of restrictions on trading in cryptocurrencies by the Central Bank of Nigeria. Kunle Lawal says he has made a fortune from the trade encouraging him to educate and train people in his community about how to go about it. He, however, cautions people to make informed decisions before getting involved in the trade, in addition to not committing…

NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $152.9 million in NFT sales were recorded across 18 blockchains and during the past week, $154.3 million in sales were executed. While Ethereum saw the most NFT sales this week, the chain saw a 9.23% decline in ether-based NFT sales volume. NFT’s Avert This Week’s Crypto Downturn as NFT Sales Saw a Modest Increase At the time of writing, approximately $154,366,090 in NFT sales…

BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Mining Bitcoin News

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While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s. In three days or more than 600 blocks away, Bitcoin’s next difficulty adjustment is also estimated to increase by 0.3%. Bitcoin Mining Revenue Keeps Getting Smaller — Fewer Machines Profit Miners continue to keep the…

ATOM up for Fourth Straight Session, While XTZ Rebounds on Saturday Low – Market Updates Bitcoin News

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Cosmos rose for a fourth consecutive session to start the weekend, as prices edged closer to a resistance point. While cosmos (ATOM) extended gains, tezos (XTZ) rebounded following a streak of recent losing sessions, with bulls seemingly buying this weeks’ dip. Cosmos (ATOM) Cosmos (ATOM) extended its recent bullish run on Saturday, as prices have now risen for four consecutive sessions. The token rose to an intraday peak of $8.33 to start the weekend, as prices have so far increased by over 12% in today’s session. This latest move saw…

BTC Edges Closer to $18,800 Support Level on Saturday – Market Updates Bitcoin News

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Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as prices of cryptocurrencies were once again lower. While bitcoin has now fallen for seven straight sessions, ethereum also saw similar declines, and as of writing is down 2.40% from yesterday’s high. Bitcoin The world’s largest cryptocurrency by market capitalization bitcoin (BTC) was once again in the red on Saturday, as prices edged closer to a key support level. Following a high of $19,590.12 on Friday, BTC/USD rallied to an intraday low of $19,027.08 to start…

Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review – The Weekly Bitcoin News

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As July begins and markets remain bearish, there’s still no shortage of dynamic developments in the crypto space. In this week’s Bitcoin.com News Week in Review, ‘sleeping bitcoins’ from 2010 make moves, Rich Dad Poor Dad author Robert Kiyosaki says he is waiting for bitcoin to test $1,100, Russia denies debt default allegations, and Mark Zuckerberg discusses the opportunities of the metaverse. String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Awakens A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent…

Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico – Regulation Bitcoin News

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Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education. However, the Central Bank of Mexico has been against the introduction of bitcoin into the financial system of the country. Bill Proposes to Make Bitcoin Legal Tender in Mexico Mexico is another of the countries in Latam that is taking a look at what bitcoin might bring…