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Cryptocurrency News

Location American Cryptocurrency News for 7 January 2023
Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023 The crypto industry lost approximately $4 Billion worth of digital assets to hacks, fraud, scams, and rug pulls last year, a more than 50% decline compared to over $8 billion stolen in 2021. According to a recent report ...
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Crypto Whale Invests $18k in Move-to-Earn Coin Fight Out - Here's What's Attracting the Big Money The Move-to-Earn (M2E) movement has proved that it is not just a hype but a worthy course aiming to change how people live. Ecosystems like STEPN, Sweat Coin and Step App are gradually becoming competitive by incorporati...
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Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity...
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Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 -- Study As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-sector alone accounted...
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IRS Official: Crypto Is Here to Stay and 'Becoming More Legitimate' A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto compan...
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Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it ...
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Sberbank Analyst's Editorial Delves Into the 'Tremendous Potential' of a BRICS Reserve Currency Fueling De-Dollarization During the last month, Russia's ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia's central bank revealed two weeks ago that it is further distanc...
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What Are Generative Art NFTs & Are They Worth Collecting? Generative art has been around for decades. However, it recently made a comeback after about 60 years, thanks to the birth of non-fungible tokens (NFTs).
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Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from Ne...
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Biggest Movers: ETC Surges 14% to Hit 6-Week High on Saturday Ethereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. The move saw the token climb by as much as 12%, breaking out of a key resistance level in the process. Polygon als...
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Surge to Start the Weekend, Following Friday's Payrolls Bitcoin moved closer to the $17,000 level to start the weekend, as traders continued to react to the latest U.S. nonfarm payrolls data. December’s payrolls came in at 223,000, which was better than the 200,000 markets ...
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Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K Bets are increasing on a push higher for Bitcoin and on BTC price action defining the current range as its macro bottom.
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Cathie Wood's Ark Keeps Buying Coinbase Stock - Is She Being Clever or Stupid? Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year. The company purchased approximately...
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What is ShibaSwap and How Does It Work?

Crypto News - 7 Jan 2023 10:00
What is ShibaSwap and How Does It Work? Since Dogecoin made its debut in 2013 and gained the recognition of both crypto enthusiasts and investors by earning them significant profits, similar meme coin projects emerged, trying to clone the success of DOGE. One ...
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Web3 Company Animoca Brands Lowers Fundraising Goal to $1 Billion in Q1 2023 Animoca Brands, a Web3 gaming-focused company, has announced it is now targeting a raise of $1 billion for a fund directed to inject help for already established blockchain projects. The number is significantly lower tha...
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Thai SEC Launches 'Crypto Academy' to Help Digital Asset Investors The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you wil...
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SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “woul...
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Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used...
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