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China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally


China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark. The post China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally appeared first on Cryptonews

South Korea’s Ruling Party Delays Proposal to Ease Crypto Restrictions


South Korea's ruling People Power Party has indefinitely postponed its plans to ease cryptocurrency regulations, including the lifting of the ban on local spot Bitcoin ETFs.  The post South Korea’s Ruling Party Delays Proposal to Ease Crypto Restrictions appeared first on Cryptonews

Republican Senators Propose Legislation to Prohibit CBDC: The Hill


U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data. The post Republican Senators Propose Legislation to Prohibit CBDC: The Hill appeared first on Cryptonews

Game developers’ fiery retaliation for OpenSea’s NFT Ban


Within OpenSeason, an open-world combat game reminiscent of Fortnite that is infused with fantasy and memes, the protagonists traverse a landscape replete with crypto-culture allusions, including an amusement park themed after Pepe and avatars representing the Bored Apes and Milady. In this...

Ethiopia Emerges As New Bitcoin Mining Hotspot – Will it Last?


Ethiopia is growing popular for Bitcoin mining after China ejected the industry from its borders in 2021. Following the ban, China’s biggest players scattered across the globe searching for new locations that would respect their energy-intensive business practices. That journey led many to arrive...

British Columbia Court Upholds B.C. Hydro’s Ban on Crypto Mining


A provincial supreme court judge in British Columbia has deemed B.C. Hydro’s moratorium on crypto mining projects reasonable, according to a ruling posted on Monday. The moratorium, initially enacted in December 2022, faced a challenge from Conifex Timber, a forestry company diversifying into...

EU Moves to Ban Bitcoin to Meet Energy Goals – Report


Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...

Alameda Research Drops Lawsuit Against Grayscale Amid GBTC Outflows


Alameda Research Ltd., the hedge fund associated with the bankrupt cryptocurrency exchange FTX, has voluntarily dropped its lawsuit against Grayscale Investments amid GBTC outflows. According to court filings from January 22, Alameda opted out of suing Grayscale, its CEO Michael Sonnenshein,...

India’s FIU Ban: Local Players Offer Haven for Binance, OKX Users


Source: Adobe / promesaartstudio Following the recent ban by India’s Ministry of Finance Financial Intelligence Unit (FIU) on offshore crypto exchanges like Binance, OKX, and others, Indian crypto exchanges are stepping in to offer solutions to affected users. The FIU’s move...

South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums


South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that...

Here is how India’s FIU ban will affect your crypto investment


The Indian government recently issued a notice against nine crypto exchanges in India. After the notice, the Apple India app store removed Binance and other exchanges from its store. The nine names included Huobi, Binance, KuCoin, Gate.io, Bitstamp, Bitfenex, MEXC Global, Kraken, and Bittrex....

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