crypto news

Post Views: 302 In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens’ personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg’s Meta has ditched the Novi project, after unveiling a new metaverse…

Post Views: 337 On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” This process…

Post Views: 323 Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, more severe measures to…

Post Views: 293 Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation division, shared his bitcoin and…

Post Views: 330 Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s, losing 26.56% during that time frame. After two drops in a row, the difficulty adjustment…

Post Views: 877 On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more than 13 million ethereum locked into the Beacon Chain worth $15.8 billion using today’s prices. What do you think about Ethereum developers…

Post Views: 293 This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy after governments worldwide locked down the world’s citizens over the Covid-19 pandemic, shut down businesses and injected trillions into the economy. The…

Post Views: 273 The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in March. The framework calls for the U.S. and its foreign allies to collaborate to create international standards for regulating crypto assets….

Post Views: 353 The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC insured.” The Federal Deposit Insurance Corporation (FDIC) is looking into Voyager Digital…

Post Views: 319 A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued. The defendants named in the lawsuit are Solana Labs…