Cryptocurrency news
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...
El Salvador seems to delay its ‘volcano bonds’ launch
Considering the absence of any official announcements, El Salvador’s government seems to have delayed the launch date of the so-called “volcano bonds.” Earlier, Salvadoran Finance Minister Alejandro Zelaya had been reassuring the public that the project would st...
Argentine Congress Approves IMF Debt Deal That Would Discourage Crypto Usage
The Argentine Senate on Thursday night approved a debt deal of $45 billion with the International Monetary Fund (IMF) linked to an agreement that includes a provision discouraging the use of cryptocurrencies. The debt deal, also approved by the Chamber of Deputies on March 11, w...
Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’
Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin...
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...
Blockchain forensics firm finds millions in sanctioned crypto wallet
Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations. The United Kingdom-based company has discovered a wallet with “significant crypto-asset holdings” in the...
Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
The U.S. Treasury Department issued guidance on Friday spelling out how cryptocurrency should not be used to circumvent economic sanctions imposed against Russia for its invasion of Ukraine. In a FAQ on whether Russia-related sanctions extend to virtual currency, the Departmen...
US Inflation Rises to 7.9% in February, Fresh 4-Decade High
U.S. inflation accelerated in February to a fresh four-decade high, signaling supply and demand imbalances were little improved amid soaring gas prices. The Consumer Price Index rose 7.9% over the past 12 months, the fastest since 1982, the U.S. Labor Department's Bureau of Labo...
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...