Malaysia’s Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value

Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as... Read more »

Terra’s LUNA Token Looks Bound for a Brief Correction

Key Takeaways LUNA’s price has risen by more than 100% in the past 10 days.  Investors could now take profits as suggested by the technicals.  A spike in selling pressure could see... Read more »

New York Bitcoin mining moratorium bill garners more support

A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members. Members Amy Paulin and Ken Zebrowski have... Read more »

US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen

U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as... Read more »

Switzerland aims to become the next crypto utopia as Lugano makes Bitcoin and USDT legal tender

The Swiss city of Lugano has announced today that it will recognize cryptocurrencies as legal tender. According to Michele Foletti, the mayor of the City of Lugano, Bitcoin (BTC), Tether (USDT), and... Read more »

Bitcoin bulls aim to capture $45K leading into Friday’s $890M BTC options expiry

Bitcoin (BTC) bulls flipped the table on March 4’s options expiry after a 14% rally on Feb. 28. Holding the price above $43,000 confirms a decoupling from traditional markets. For instance, the... Read more »

Hackers Steal NFT Monkeys on Top Ethereum Layer 2

Key Takeaways Hackers have stolen hundreds of NFTs from the Arbitrum NFT marketplace Treasure. Treasure developers quickly froze trading to avoid further losses. Since the incident, many of the hackers have return... Read more »

Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision... Read more »

JP Morgan invests in Blockchain Intelligence Platform TRM Labs 

JP Morgan Chase has expanded its interest in the blockchain technology space with an investment in TRM Labs. After announcing its new banking lounge in Decentraland metaverse JP Morgan has now joined... Read more »

Japanese wealth manager Nomura to explore crypto and NFTs with new unit

In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the... Read more »