There’s no crypto winter on Portugal’s ‘Bitcoin Beach’

There’s no crypto winter on Portugal’s ‘Bitcoin Beach’

The Bam Bam Beach bitcoin bar, on an uncrowded beach in southwestern Portugal, is the meeting place. To get there, you drive past a boat harbor, oceanside hotels and apartment buildings, then park near a sleepy seafood restaurant and walk down a wooden path that cuts through a sand dune. Yellow bitcoin flags blow in […]

Continue Reading
Crypto Weekly Roundup: A California bill-in-waiting, NFTs on Facebook, CoinSwitch Kuber speaks out on ED search

Crypto Weekly Roundup: A California bill-in-waiting, NFTs on Facebook, CoinSwitch Kuber speaks out on ED search

The week brought Bitcoin back under $20,000 in value on Saturday while Ether once again fell below $1,600. Most of the top fifty cryptocurrencies and tokens by market cap saw weekly losses as well, while the sector deals with more regulatory interferences The week brought Bitcoin back under $20,000 in value on Saturday while Ether […]

Continue Reading
Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

Celsius accused Jason Stone and his company KeyFi Inc. of “gross negligence” and “extraordinarily inept” crypto investing Celsius accused Jason Stone and his company KeyFi Inc. of “gross negligence” and “extraordinarily inept” crypto investing Celsius Network LLC. on Tuesday sued a former investment manager, accusing him of losing or stealing tens of millions of dollars […]

Continue Reading
Crypto.com crypto exchange gets UK regulatory approval

Crypto.com crypto exchange gets UK regulatory approval

Crypto.com, which has 50 million customers globally, registered in South Korea last week and in Italy in July Crypto.com, which has 50 million customers globally, registered in South Korea last week and in Italy in July Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. […]

Continue Reading
European Central Bank steps in as banks dip toes in cryptocurrency and blockchain pool

European Central Bank steps in as banks dip toes in cryptocurrency and blockchain pool

The ECB said banks were also considering whether to get involved in the crypto sector The ECB said banks were also considering whether to get involved in the crypto sector The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a […]

Continue Reading
Cryptocurrency Binance WazirX India Enforcement Directorate probe money laundering crypto

Cryptocurrency Binance WazirX India Enforcement Directorate probe money laundering crypto

The news comes as Binance’s CEO and WazirX’s CEO had a vocal disagreement on Twitter regarding the ownership of WazirX The news comes as Binance’s CEO and WazirX’s CEO had a vocal disagreement on Twitter regarding the ownership of WazirX After India’s Enforcement Directorate (ED) issued orders to freeze ₹64.67 crores worth of crypto exchange […]

Continue Reading
Weekly Crypto Roundup: new rules, severe report cards, and yet more hacks

Weekly Crypto Roundup: new rules, severe report cards, and yet more hacks

Mainstream companies and regulators are feeling the ripples coming from the crypto industry Mainstream companies and regulators are feeling the ripples coming from the crypto industry As several crypto firms reported falling revenues in the second quarter of 2022, a growing number of traders are facing the ripple effect of the meltdown spreading from the crypto […]

Continue Reading
Jack Dorsey’s Block slows hiring, investment as Bitcoin plunge slams earnings

Jack Dorsey’s Block slows hiring, investment as Bitcoin plunge slams earnings

The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million Jack Dorsey-led Block Inc said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in Bitcoin prices […]

Continue Reading
New crypto oversight legislation arrives in the U.S. as industry shakes

New crypto oversight legislation arrives in the U.S. as industry shakes

The proposal comes after 13 years, at least three crashes, dozens of scams and Ponzi schemes, and hundreds of billions of dollars made and evaporated The proposal comes after 13 years, at least three crashes, dozens of scams and Ponzi schemes, and hundreds of billions of dollars made and evaporated After 13 years, at least […]

Continue Reading
Michael Saylor steps down as CEO of MicroStrategy as losses widen

Michael Saylor steps down as CEO of MicroStrategy as losses widen

Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 The American business intelligence company MicroStrategy has announced that Michael Saylor, will be stepping down as CEO and taking […]

Continue Reading