Cryptocurrency news
Bank of England Raises Interest Rate by Most Since 1995
The Bank of England (BOE) raised its interest rate by 50 basis points to 1.75%, the biggest single increase since 1995, amid concern U.K. inflation will climb significantly above 10% next year. The rate is now the highest since the start of the global financial crisis in late...
After four years, Japan brings back its first crypto ATM
Crypto ATMs — or BTMs as per local terminology — are back in Japan after a lengthy four-year hiatus. Local crypto exchange firm Gaia Co., Ltd announced on Aug. 2 that it will soon roll out BTMs that support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Liteco...
Singapore's Central Bank to Consult Public on Stablecoin Regulations
The Monetary Authority of Singapore (MAS), the country's central bank, is "actively reviewing" its approach to regulating stablecoins, Tharman Shanmugaratnam, the minister in charge of the bank, said. The bank is "assessing the merits" of a regulatory regime that targets "the sp...
Tether supply starts to increase after three-month decline
The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering. The first mint in almost three months occurred on July 29, and there hav...
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground'
El Salvador's adoption of bitcoin (BTC) as legal tender is working despite the over 50% losses the government has incurred on its purchases, the country's finance minister said. Alejandro Zelaya said in an interview with Bloomberg on Wednesday that bitcoin adoption has been be...
Final candidates for next UK prime minister have made pro-crypto statements
Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views. ...
Japan’s crypto groups call for end of taxing paper gains
Japan’s leading crypto lobby groups plan to submit a proposal to Japan’s financial regulatory body to address its high crypto taxes, which experts warn make Japan less competitive as a crypto hub. According to an internal memo seen by Bloomberg, the proposal...
Brazil’s Largest Digital Bank Nubank Reaches 1M Crypto Users After Just a Month
Nubank, the largest Brazilian digital bank by market value, reached 1 million users on its crypto trading platform just one month after launching in June, the company said on Tuesday. The company had hoped to reach the milestone within a year, after launching Nucripto in May and...
Bill addressing stablecoins risks in US likely delayed until September
Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins. According to a Monday report from the Wall Street Journal, people familiar with the matter said House members wi...
The Merge is Ethereum’s chance to take over Bitcoin, researcher says
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency. "Ethereum does have, just from an economic perspective and b...