Another Top Bitcoin Miner Follows China’s Lead With BanIran banned the mining of cryptocurrencies like Bitcoin after a series of blackouts across major cities, in the latest sign of growing unease over the digital asset’s energy usage.

The ban is effective immediately and will last until Sept. 22, President Hassan Rouhani said on state TV on Wed…[Read more]

Canadian regulators accuse crypto exchange of breaking securities lawCanadian securities regulators have initiated a regulatory action against major global cryptocurrency exchange Poloniex.

On Tuesday, the Ontario Securities Commission published a statement of allegations against Polo Digital Assets, also known as Poloniex, alleging that the firm…[Read more]

Three South Korean Banks Stop Working With the Nation’s Crypto ExchangesThree Banks in South Korea have stopped working the country’s crypto exchanges.
The Bank’s decisions came as a result of South Korea’s new regulations.
The Banks are Woori Financial Group, KB Financial Group, and Hana.
According to a report, about three South Korean native…[Read more]

Lark Davis: Ethereum Can Surge Over 550% and Crash BitcoinAccording to Lark Davis, Ethereum can crash Bitcoin.
Ethereum (ETH) has the potential to surge over 550% from its current prices.
According to Lark Davis, Ethereum can crash Bitcoin. The crypto analyst and trader stated that Ethereum (ETH) has the potential to surge over 550% from its…[Read more]

Cardano Jumps 20% In RallyInvesting.com – Cardano was trading at $1.741503 by 07:48 (11:48 GMT) on the Investing.com Index on Wednesday, up 20.09% on the day. It was the largest one-day percentage gain since May 20.

The move upwards pushed Cardano’s market cap up to $56.039002B, or 3.22% of the total cryptocurrency market cap. At its highest,…[Read more]

XRP Climbs 14% In RallyInvesting.com – XRP was trading at $1.02262 by 07:46 (11:46 GMT) on the Investing.com Index on Wednesday, up 13.50% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed XRP’s market cap up to $47.24787B, or 2.71% of the total cryptocurrency market cap. At its highest, XRP’s market cap…[Read more]

China’s crypto crackdown speeds shift to central Asia, North America miningSHANGHAI/HONG KONG (Reuters) – A crackdown by Beijing is rapidly accelerating a shift in focus by makers of machines that ‘mine’ cryptocurrencies like bitcoin from China to North America and Central Asia as Chinese clients face an uncertain future.

China’s central…[Read more]

Wall St rises as Fed officials soothe inflation worries(Reuters) – Wall Street’s main indexes rose marginally on Wednesday after remarks from the Federal Reserve helped ease worries about higher inflation, while a recent dip in bond yields supported heavyweight tech-related stocks for a third straight session.

Apple Inc (NASDAQ:AAPL), Amazon.com…[Read more]

Dubai is Launching Its Own Crypto? Here’s What We Know!Dubai has launched its own cryptocurrency, valued at $0.17 per coin.
As of now, only specialized brokers and authorities will control circulation.
Dubaicoin will soon be able to buy and sell goods in place of fiat.
The hub of everything extravagant and phenomenal has just made a new ripple i…[Read more]

Banks cautious about crypto ahead of COVID-19 testimony before US SenateMajor Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy.

Democratic lawmakers plan to grill a number of major bank execs, whose…[Read more]

Bank Indonesia to Launch Own Digital Currency RupiahIndonesia had a large increase in digital transactions during Covid-19 crisis.
Bank Indonesia is launching a central bank digital currency.
The Bank Indonesia data shows it made more than 570 million digital activities in April.
Indonesia has seen a large increase in digital banking transactions…[Read more]

Elon Musk reminds followers he really isn’t Dogecoin’s masterTesla (NASDAQ:TSLA) CEO Elon Musk reminded Twitter followers on Tuesday that despite the recent interest he’s taken in Dogecoin (DOGE), he still has no formal authority over the project.

Musk was replying to a comment from a Doge-themed account, which opined that he had taken to opera…[Read more]

EOS Jumps 20% As Investors Gain ConfidenceInvesting.com – EOS was trading at $6.2732 by 06:45 (10:45 GMT) on the Investing.com Index on Wednesday, up 20.17% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed EOS’s market cap up to $5.9871B, or 0.35% of the total cryptocurrency market cap. At its highest,…[Read more]

Nebraska signs law to authorize state-chartered banks to custody cryptoA crypto-friendly bill — co-authored by a cryptocurrency firm and first introduced by Republican state senator Mike Flood this January — was signed into law today in Nebraska.

The Nebraska Financial Innovation Act was one of Senator Flood’s first initiatives, introduced sca…[Read more]

The Fate of Coins after the Chinese Crypto Ban – (NEO, THETA, VeChain, and Tron)China rattled the cryptocurrency ecosystem with the latest announcement to preclude banks and financial institutions from offering cryptocurrency services.
The aftermath of this declaration led to the massive tumbling down of prices as several coins shed a s…[Read more]

Litecoin Climbs 12% In RallyInvesting.com – Litecoin was trading at $201.298 by 05:56 (09:56 GMT) on the Investing.com Index on Wednesday, up 11.73% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed Litecoin’s market cap up to $13.510B, or 0.77% of the total cryptocurrency market cap. At its highest,…[Read more]

Bitcoin’s Volatility Is Spilling Over to U.S. Stocks, Study SaysBitcoin’s explosive moves are stoking the volatility of U.S. stock futures in haywire trading days, according to Singapore’s DBS Group Holdings Ltd.

In a study that concludes the world’s biggest token is no longer a fringe asset class, DBS’s Chief Economist Taimur Baig and Macro Str…[Read more]

Ethereum Climbs 11% In RallyInvesting.com – Ethereum was trading at $2,858.67 by 04:55 (08:55 GMT) on the Investing.com Index on Wednesday, up 10.69% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed Ethereum’s market cap up to $332.81B, or 18.98% of the total cryptocurrency market cap. At its highest,…[Read more]

Bitcoin reclaims $40,000 as crypto volatility lingersLONDON (Reuters) – Bitcoin climbed back above $40,000 on Wednesday for the first time this week, as recent volatility in the cryptocurrency market showed few signs of dampening down.

Bitcoin jumped as much as 6.5% to $40,904. Smaller coins, which tend to rise and fall with the largest…[Read more]

DeFi and traditional finance could converge thanks to tokenizationNonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph Chi…[Read more]