Category: Cryptocurrency

Cryptocurrency exchange Bybit says bye-bye to Canada

May 31, 2023

The lack of regulations across North America continues to impact crypto operations From May 31, 2023, Bybit will no longer allow new customers to use its cryptocurrency exchange services in Canada. Existing customers will also lose access to the platform from July 31. The company decided to stop providing its products and services to Canadians […]

US debt ceiling troubles bring cryptocurrency mining tax talks to a halt

May 30, 2023

The dispute over government spending pulls attention away from the crypto space Over the weekend, the US debt ceiling agreement between US President Joe Biden and House Speaker Kevin McCarthy was disclosed. A significant aspect of it seems to be the elimination of a number of taxes that the Biden administration put forward, including the […]

Crypto payments platform relocates HQ from Chicago to El Salvador

May 29, 2023

The uncertainty of crypto regulations in the US is forcing companies to move offshore The co-founder of Strike, Jack Mallers, made a bold announcement during the Bitcoin 2023 event held recently in Miami. He stated that his company plans to shift its base of operations to the Central American country of El Salvador. This decision […]

Ripple purchases stake in crypto exchange Bitstamp

May 25, 2023

Ripple bought a minority stake in the company from Pantera Capital During Galaxy’s shareholder conference call on May 9, it was disclosed that Ripple has made news by obtaining a minor stake in one of the original cryptocurrency exchanges, Bitstamp. This acquisition was completed through a renowned digital currency hedge fund, Pantera Capital. The transcript […]

Binance faces allegations of mixing customer funds with company revenue

May 24, 2023

The crypto exchange continues to face controversy, although it asserts it has done nothing wrong According to insiders familiar with Binance’s financial operations, the cryptocurrency exchange swapped comingled business funds with US clients during 2020 and 2021. Reuters reports that the company has been frequently mixing users’ funds with Silvergate Bank, investing billions in the […]

Ledger boss confirms the feds can access private cryptocurrency wallet keys

May 23, 2023

Cryptocurrency wallets are not as anonymous as many once thought Pascal Gauthier, the CEO of Ledger, has verified in a recent interview that the government can access customers’ cryptocurrency wallet private keys via the Ledger Recover feature under certain circumstances. Gauthier emphasized that these warrants are not applicable to everyone. Nonetheless, his statements corroborated the […]

It’s time to celebrate Bitcoin Pizza Day

May 22, 2023

Cryptocurrency has come far in the past 13 years, but still has far to go As some cryptocurrency fans on Americas Cardroom know, May 22 marks a globally celebrated event among crypto enthusiasts – Bitcoin Pizza Day. This day holds significant importance as it commemorates the very first occasion when Bitcoin, the oldest and most […]

New York forces cryptocurrency company to pay $4.3 million to investors

May 19, 2023

Coin Cafe allegedly used deceptive practices to attract investors before defrauding them Coin Cafe, a Brooklyn-based cryptocurrency firm, has been ordered to pay restitution of $4.3 million to defrauded investors by New York Attorney General Letitia James. Following an investigation conducted by the Office of the Attorney General (OAG), Coin Cafe was found guilty of […]

Visa has put its first paymaster smart contract on Ethereum

May 18, 2023

The global payments giant is helping advance the use of blockchain technology Visa’s Head Of Cryptocurrency, Cuy Sheffield, has announced the debut of their inaugural paymaster smart contract on Ethereum’s Goerli testnet. The multinational payment technology corporation that operates across 200 countries anticipates this development to tackle practical difficulties and elevate consumer satisfaction with blockchain […]

The SEC fires back at cryptocurrency exchange Coinbase in their ongoing battle

May 17, 2023

The securities regulator tells Coinbase to quit being impatient, despite waiting a year for a response Coinbase’s demand for information spurred a response from the US Securities and Exchange Commission (SEC) on Monday following a court order. The SEC’s reply came as a result of a July 2022 filing from Coinbase where it claimed that […]

The EU just approved the world’s first sweeping cryptocurrency regs

May 16, 2023

All crypto players in the EU will soon have to conform to standardized regulations The European Union (EU) has done what the US still hasn’t been able to. On Tuesday, it announced that it has given the green light to an all-encompassing set of regulations that are aimed at governing cryptocurrency assets. This move puts […]

The DOJ is planning on taking action against cryptocurrency exchanges

May 15, 2023

The government law enforcement agency wants to clean up the crypto ecosystem The Department of Justice (DOJ) is vigorously committed to ensuring that law enforcement stays vigilant in their efforts to combat wrongdoing related to cryptocurrency, according to one of its top executives. Its aim is to relentlessly pursue all criminal activity associated with any […]

The SEC hit with another complaint over cryptocurrency treatment

May 12, 2023

The securities watchdog is facing mounting pressure to take a stance on cryptocurrency The Securities and Exchange Commission (SEC) has come under increasing pressure to quit stalling on its cryptocurrency stance. More pressure is arriving, as Empower Oversight, a watchdog group, has filed a lawsuit, demanding that the federal government fulfill a Freedom of Information […]

An AI-generated meme cryptocurrency achieved a market cap of $77 million

May 11, 2023

Using an AI program that costs just $20, a crypto entrepreneur has minted a fortune The Turbo cryptocurrency, a meme digital currency, was launched by an Australian artist who goes by “Mankind” within just a week, with the aid of the artificial intelligence (AI) OpenAI chatbot GPT-4, which provided step-by-step instructions and several lines of […]

PayPal’s move into cryptocurrency is paying off for the company

May 10, 2023

Cryptocurrency continues to take a more serious role in finance, despite attempts to slow it down PayPal reported a significant surge in its cryptocurrency investments in the initial three months of the year, recording an expansion of over 50%. This consequently allowed it to amass close to $1 billion in crypto holdings. PayPal recently disclosed […]

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