The notorious WallStreetBets (WSB) Reddit community released a subreddit on Friday that suggests the group may start to focus on expanding their investments into crypto-assets. The WSB subreddit now has almost 11 million followers and the newest one has over 12,000.
Bitcoin fell by almost 5% this morning after China’s central bank announced that it will crackdown on cryptocurrency trading. The bank said that it will be banning overseas exchanges from providing services to mainland investors.
Earlier today, Blockchain-based Game Axie Infinity announced that it will be updating its “breeding fees” after the company became concerned over “an imbalance” in the token issuance of the platform.
Renowned American rapper Calvin Cordozar Broadus Jr, commonly known as Snoop Dogg, owns a $17.6-million non-fungible token (NFT) collection. A...
A recent survey in South Korea shows that the majority of South Koreans support the introduction of cryptocurrency taxes however, it is thought that the minority who oppose the proposition will hold important political cards.
Bitcoin startup Moon, which enables crypto payments for e-commerce sites, completed a $2.1 million funding round to expand its range...
It has been a rough week for crypto, as Binance has announced that it will end crypto offerings in Australia and the price of Bitcoin (BTC) plunged to the $45,000 level. However, it seems like things are starting to turn around. Altcoins are now surging, following the market recovery over the past 24 hours, with AVAX and LUNA leading the rally.
U.S President, Joe Biden, is reportedly moving forward with plans to nominate Cornell Professor, Saule Omarova, as the Office of the Comptroller of the Currency (OCC). The Biden administration was first rumoured to be considering Omarova last month but the news of Biden’s intentions was reported by Bloomberg on Wednesday.
HSBC, Europe's largest bank with total assets of $3 trillion, has taken a skeptical stance on cryptocurrency whale promoting the CBDC (central bank digital currency) development. A recent article, penned by HSBC CEO Noel Guinn, New forms of digital money could spur growth, outlines the firm's commitment to supporting the growth of CBDCs as it provides transparent legal tender that is designed to avoid “many risks” associated with cryptocurrencies and stablecoins.
Coinbase, the U.S’s largest cryptocurrency exchange, is preparing to pitch a regulatory framework to federal officials as to how crypto should be regulated. It is thought that this proposal will be rolled out in the coming days- details of the proposal were not available at press time. In the proposal, Coinbase intends to argue what should and should not be defined as a security within the U.S.