Reading Time: < 1 minute The International Monetary Fund strongly urges for the prohibition of cryptocurrencies as a form of payment, stating that their legalization could cause instability in the financial sector.
Category: News
Latest cryptocurrency news.
Hackers Steal $2M from DeFi Protocol Mozaic Finance
Reading Time: < 1 minute The Mozaic Finance project team has confirmed that the approximate amount of $2 million has been withdrawn from their yield farming protocols’ vaults due to an attack.
Starbucks Abandons its NFT Program
Reading Time: < 1 minute Starbucks has announced that it will be discontinuing its digital collectible stamp program, where customers could earn and buy non-fungible tokens (NFTs).
Hong Kong’s SFC Adds Bybit to its Warning List
Reading Time: < 1 minute The Hong Kong financial regulator has added Bybit, a cryptocurrency exchange, to its list of “suspicious” virtual asset trading platforms.
Bitcoin Mining Difficulty Hits a New Record High
Reading Time: < 1 minute Following the most recent recalculation, the difficulty of mining the primary cryptocurrency increased by 5.79%.
Coinbase Asks SEC to Not Approve More Crypto ETFs
Reading Time: < 1 minute Coinbase’s chief legal officer has urged the SEC to reject any additional crypto ETF applications.
Elon Musk: Dogecoin Will Become a Payment Option for Tesla Cars
Reading Time: < 1 minute During a recent visit to Tesla’s manufacturing plant, Giga Berlin, Elon Musk announced that in the future, people will be able to use Dogecoin cryptocurrency to purchase Tesla cars.
Michael Saylor Says Bitcoin Should Be Considered as a Safe Haven Asset
Reading Time: < 1 minute Saylor believes that considering Bitcoin solely as a currency is a mistake, and instead it should be seen as a secure asset.
7RCC Will Soon Launch its ECO Spot Bitcoin ETF
Reading Time: < 1 minute Crypto company 7RCC has made strides towards launching their eco-friendly spot Bitcoin ETF in the United States.