Cryptocurrency news - Business
Digital Euro Will Have Privacy Safeguards, European Finance Ministers Say
A new digital euro will offer greater privacy for smaller transactions but won't allow for full anonymity, officials said after a meeting of finance ministers from the currency bloc on Monday. No formal decision has yet been taken whether to issue the central bank digital curren...
Bosnian court sides with Bitcoin miner in frozen bank account case
Italy’s second-largest bank UniCredit and the Bitcoin (BTC) mining farm Bitminer Factory have faced each other in the Bosnian city Banja Luka court, which decided that the bank improperly closed the company’s account and must compensate €131 million (about $144 m...
UK Set to Disclose Plans for Regulating Crypto in Coming Weeks
The U.K. government is set to reveal its plans for regulating the crypto industry in the coming weeks, according to CNBC. Although details are still being finalized, the regulatory regime will focus heavily on stablecoins which are cryptocurrencies fixed to the value of other...
Grayscale launches smart contract fund for Ethereum competitors
Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks. The Grayscale Smart Contract Platform Ex-Ethereum Fund...
FTX Boosts Global Presence With AZA Finance Link in Africa
Crypto exchange FTX bolstered its global presence by linking with AZA Finance, an African fintech firm, to expand access to digital currencies and promote Web 3 use in the continent. The agreement was announced a day after FTX Europe said it became the first firm to receive a...
Shanghai Police Bust $16M Crypto Pyramid Scheme
Police in Shanghai arrested more than 10 people in connection with an approximately $16 million pyramid scheme that involved cryptocurrencies, the first such case to be solved in the city. The Shanghai police bureau had conducted an investigation for over six months across dif...
Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters
Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country. In a Cointelegraph interview, Shazhaev share...
Visa CEO Still Uncertain on Crypto’s Role
Payments giant Visa (V) intends to continue to build out its crypto platform even as CEO Al Kelly questions the ultimate utility of the sector. “What problem are we trying to solve?” said Kelly, adding his voice to the oft-heard criticism of crypto as a sol...
Swiss City of Lugano to Make Bitcoin and Tether 'De Facto' Legal Tender
Aiming to become Europe's Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish bitcoin, Tether and Lugano's own LVGA Points token as essentially legal tender in the city. The move goes far beyond the actions of a numbe...
Nvidia hackers selling software unlock for graphics card crypto mining limiters
A hacking group that infiltrated Nvidia servers last month is attempting to sell software that could unlock crypto mining hash rate limiters on the firm’s flagship graphics cards. A South American hacking group going by the name LAPSUS$ claims to have stolen a tera...