It is 2024, and the $2.9 trillion cryptocurrency sector doesn’t appear to be going anywhere. That’s despite a 2022 and 2023 that saw the total market capitalization shrink down over half from earlier 2021 highs to $1.4 trillion amid a spate of scandals and scams. But volatility is...
Nigeria is still reportedly holding two Binance executives as it deals with a currency crisis. As The Wall Street Journal reported Tuesday (March 11), the detentions are happening as Africa’s largest economy is blaming the world’s largest cryptocurrency company for driving down the value of its currency. To help...
Spain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March 6) from the Spanish Data Protection Agency (AEPD) also blocks the data the project has already collected using its eyeball-scanning orb. “The AEPD has received several complaints against this company about insufficient...
Tether, the leading global stablecoin, reportedly surpassed $100 billion in circulation this week. This milestone has fueled debate about the role of digital currencies in finance, Reuters reported Tuesday (March 5). Tether aims to offer stability, tying its value directly to the U.S. dollar, and says...
Bitcoin’s price hit an all-time high Tuesday (March 5) before retreating by day’s end. The most popular cryptocurrency traded at more than $69,000 earlier in the day — breaking the $68,000 record set in November 2021 — but was at $63,000 by late in the...
Cryptocurrencies are contributing millions to digital asset-friendly candidates in the 2024 election. That includes donations to candidates in Super Tuesday primary contests in Texas, California and Alabama, Reuters reported Sunday (March 3). According to that report, a group of new super PACs (political action committees) known...
Nigeria reportedly detained two Binance executives as it increases pressure on the cryptocurrency sector. The executives were picked up by national security officers after arriving in Nigeria after authorities said the company is operating illegally in the African nation, Bloomberg reported Thursday (Feb. 29), citing...
Optimism among cryptocurrency investors has reportedly pushed bitcoin’s price above $60,000. As Bloomberg News reported Wednesday (Feb. 28), the world’s most popular crypto hadn’t seen its price hit that mark in more than two years, with many believing that demand for bitcoin is growing beyond...
Cryptocurrency exchange Kraken is introducing a new solution for firms looking to gain exposure to the cryptocurrency. Dubbed Kraken Institutional, the new brand aims to be a one-stop shop for Kraken’s existing products and services for institutions, asset managers, hedge funds and high net-worth individuals,...
