After more than two years of development, Ethereum is less than a month away from the biggest upgrade in its seven year history.Known as the ‘Merge’, the event will see the world’s second largest cryptocurrency switch its underlying technology from a proof-of-work system to a proof-of-stake. This means that mining Ethereum’s ether currency will no…
Popular cryptocurrency platform Crypto.com has been granted regulatory approval to operate in the UK.The Financial Conduct Authority said the exchange could pursue “certain crypto asset activities” with the license.The Singapore-based company has seen massive growth in recent years, assisted by a record-breaking bitcoin bull run in 2020/2, as well as a major marketing campaign that…
Crypto scams have plummeted in tandem with the price of bitcoin and other cryptocurrencies in 2022, according to new figures.Total scam revenue in the first seven months of 2022 fell by 65 per cent compared to the same period last year, analysis from blockchain data platform Chainalysis revealed.The overall crypto market fell by a similar…
The price of dogecoin has surged nearly 25 per cent over the last week amid a broader resurgence of the crypto market.The meme-inspired coin was one of several so-called ‘dog coins’ that saw significant gains over the last seven days, with Shiba Inu rising by more than 30 per cent.Similar rises in 2021 of this…
Almost a year after Tesla chief Elon Musk tweeted “diamond hands” emojis to signal that the company will be holding its cryptocurrency, the electric vehicle manufacturer revealed in its quarterly earnings report on Wednesday that it has sold 75 per cent of its Bitcoin holdings.In February last year, the company had announced that it had…
The price of bitcoin (BTC) has surged more than 20 per cent over the last week, reaching its highest level in more than a month.Seven straight days of price rises saw the cryptocurrency rise above $23,500 on Wednesday, providing investors with some long-awaited positive movement after nearly eight months of downward trajectory. Despite the bounce,…
The price of bitcoin has fallen once again on Wednesday after Voyager Digital became the latest high-profile crypto firm to file for bankruptcy.The Canada-based cryptocurrency lender announced on Wednesday that it has commenced a voluntary Chapter 11 process in order to “maximize value of all stakeholders”.The filing with the Southern District of New York estimated…
Sales of non-fungible tokens (NFTs) have slumped to yearly lows following a major downturn with the broader cryptocurrency market.The average number of daily sales of NFTs, which typically come in the form of a unique piece of digital art, fell to around 19,000 in June 2022. At its peak between August and November last year,…
The FBI has added a notorious cryptocurrency scammer known as “Cryptoqueen” to its list of the top 10 most-wanted fugitives, US officials announced.Ruja Ignatova, who is a German citizen, is accused of defrauding investors out of $4 billion through a fake cryptocurrency called OneCoin, which the US law enforcement agency described as “a massive fraud…
The European Parliament has reached a landmark agreement for regulating cryptocurrencies, lawmakers have announced.As part of the new rules, transfers of bitcoin and other crypto assets will be subjected to the same money laundering regulations as traditional banking transfers.Thursday’s announcement comes after bitcoin experienced its worst quarter in more than a decade, falling from close…