Neowin News Feed for: Cryptocurrencies

Twitter to allow for the buying and selling of crypto and more in partnership with eToro

Steve Bennett — Thu, 13 Apr 2023 11:30:01 +0000

Twitter is going to be giving users the ability to buy and sell stocks, cryptocurrencies and other assets thanks to a new partnership with social trading company eToro, starting from Thursday. Read more...

The Middle East & North Africa (MENA) region saw a 48% growth in crypto usage

Paul Hill — Wed, 05 Oct 2022 18:54:01 +0000

People in the Middle East & North Africa region have been turning more towards cryptocurrencies to pay remittances and preserve the value of their savings where major inflation is underway. Read more...

Bipartisan U.S. legislation would make crypto more suitable for everyday purchases

Paul Hill — Tue, 26 Jul 2022 19:48:01 +0000

Bipartisan legislation being proposed would make small crypto transactions exempt from capital gains taxes in the U.S. This could help cryptocurrencies better perform their namesake task. Read more...

FTX proposal would offer a lifeline to investors with assets stuck on bankrupt Voyager

Paul Hill — Fri, 22 Jul 2022 22:14:01 +0000

FTX is offering to help Voyager customers get a portion of their assets back if they sign up on FTX. The liquidity offer has not yet been taken up by Voyager and will be optional for users. Read more...

Tesla sold off $936 million worth of Bitcoin in the second quarter

Paul Hill — Wed, 20 Jul 2022 21:43:04 +0000

Tesla has announced that it sold off 75% of its Bitcoin during the second quarter of the year. During this period, Bitcoin was on its way down in price from its all-time-high of $69,000. Read more...

Mojang doesn't want Minecraft server owners integrating NFTs for in-game item purchases

Paul Hill — Wed, 20 Jul 2022 20:20:02 +0000

Mojang has said that it's banning the use of blockchain technologies, including NFTs, in Minecraft. This means online servers can't leverage the technology to sell in-game items either. Read more...

Coinbase says it had no financing exposure to failed crypto companies

Paul Hill — Wed, 20 Jul 2022 18:52:01 +0000

Coinbase has reassured users and investors that it is not exposed to any of the crypto companies that ran into financial difficulties this year. It blamed their lax attitude for their problems. Read more...

Tether plans to launch a token that's pegged to the British pound

Paul Hill — Wed, 22 Jun 2022 22:22:01 +0000

Tether has created a stablecoin pegged to the British pound. It will be available to buy from early July and is the fifth token linked to a fiat currency that the company has released. Read more...

Ukrainian government raises $100,000 from the sale of a donated CryptoPunks NFT

Paul Hill — Tue, 21 Jun 2022 02:16:40 +0000

Ukraine has just sold a donated CryptoPunks NFT for a huge 90 ETH - about $100,000 at the time of sale. The country will use the proceeds to buy more equipment for its war effort to repel Russia. Read more...

A new paper claims that Bitcoin is more energy-efficient than the existing payment system

Paul Hill — Sat, 18 Jun 2022 00:59:00 +0000

A new paper appears to show that the Bitcoin network while requiring a lot of power, is more energy-efficient than the existing electronic payment system used to send money between banks. Read more...

Smaller cryptocurrencies could plummet in price according to people in the industry

Paul Hill — Fri, 03 Jun 2022 17:56:01 +0000

Industry insiders have warned that smaller cryptocurrencies face collapse amid the wider economic woes taking place. Some think this will be good as many junk projects will be removed from play. Read more...

UK outlines plans to regulate stablecoins just weeks after TerraUSD becomes worthless

Paul Hill — Tue, 31 May 2022 15:12:01 +0000

The UK Treasury has outlined plans to regulate the stablecoin market to help better protect consumers. It could protect investors if other stablecoins collapse like TerraUSD did this month. Read more...

The European Central Bank could issue a digital euro by 2027

Paul Hill — Mon, 16 May 2022 13:56:01 +0000

Fabio Panetta, an ECB board member, has said that work on the digital euro could tentatively start by the end of 2023. It could then be available to the public after about three years of work. Read more...

UK government gets with the times as it plans to regulate stablecoins for everyday payments

Paul Hill — Mon, 04 Apr 2022 17:54:01 +0000

The UK government has announced that it's planning to regulate stablecoins. This would ensure that they're reliable and safe. It's also seeking to improve the tax system for cryptoassets. Read more...

Meta sued for allowing fraudulent crypto ads

Usama Jawad — Fri, 18 Mar 2022 13:26:01 +0000

An Australian regulator has sued Meta for allowing fraudulent ads showing celebrities promoting cryptocurrencies to run rampant on Facebook. One person reportedly lost almost $500,000. Read more...

EU Parliament committee decides not to ban proof-of-work cryptos

Paul Hill — Mon, 14 Mar 2022 18:48:01 +0000

A European Union Parliament committee has decided not to ban proof-of-work cryptocurrencies in the bloc. Such a ban would have affected the most popular cryptos including Bitcoin and Ethereum. Read more...

UK tells operators to shut down crypto ATMs or face action

Paul Hill — Fri, 11 Mar 2022 13:04:01 +0000

The UK's Financial Conduct Authority is clamping down on Bitcoin ATMs because they do not implement Know Your Customer (KYC) measures. Those who don't comply will face further action. Read more...

Millions of dollars worth of crypto being sent to Ukraine at request of the government

Paul Hill — Sun, 27 Feb 2022 16:28:01 +0000

Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs. Read more...

All cryptocurrencies and related transactions are illegal in China, rules Supreme Court

Alap Naik Desai — Sat, 26 Feb 2022 01:50:01 +0000

All "cryptocurrency transactions" are now illegal in China, ruled the country's Supreme Court. The broad nature of the ruling suggests investing or trading in crypto tokens could be criminal. Read more...

Cryptocurrencies see sharp price drop across the board as Russian invasion begins

Paul Hill — Thu, 24 Feb 2022 09:44:01 +0000

Cryptocurrencies including Bitcoin saw a sharp drop in their prices today following Russia's invasion of Ukraine. The decline in prices anticipated European stock markets which are all down. Read more...

Save 62% off this Accointing Crypto Tax Software... because filing Crypto taxes is a thing?

Neowin Deals — Wed, 23 Feb 2022 15:00:04 +0000

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Mobile crypto platform, SwissBorg, announces environmental and fee reduction plans

Paul Hill — Wed, 16 Feb 2022 04:22:01 +0000

SwissBorg held its annual meeting earlier, it outlined plans to scrap fees for P2P payments between SwissBorg users and its plan to reduce emissions related to crypto use on its platform. Read more...

Russia's Central Bank proposes ban on cryptocurrencies, claims threat to financial stability

Alap Naik Desai — Thu, 20 Jan 2022 22:14:01 +0000

Russia's Central Bank has proposed banning cryptocurrency mining, trading, exchanging, and investments claiming that Digital Payment Tokens threaten financial stability, and citizens' wellbeing. Read more...

Opera Crypto Browser Project with focus on cryptocurrencies, blockchain, and Web 3.0 is here

Alap Naik Desai — Thu, 20 Jan 2022 04:32:02 +0000

The Opera Crypto Browser Project is a new type of web browser that comes with a built-in cryptocurrency wallet, but will allow different types as well. It is largely based on the new Web3 internet. Read more...

Singapore bans cryptocurrency ads and promotion to public claiming it's high-risk investment

Alap Naik Desai — Mon, 17 Jan 2022 19:48:01 +0000

The Monetary Authority of Singapore has effectively banned all promotions of cryptocurrencies and services that deal in digital tokens. The regulator claims they are "high-risk" investments. Read more...

Research suggests quite a number of people would like to be paid in bitcoin

Paul Hill — Tue, 11 Jan 2022 11:34:01 +0000

A new survey from Paysafe suggests that many people who hold cryptocurrencies would like to be paid in blockchain-based digital assets. Many responders also believe everyone will own crypto soon. Read more...

Chainalysis: Cryptocurrency crime hit an all-time high last year

Paul Hill — Thu, 06 Jan 2022 18:32:02 +0000

New data from Chainalysis shows that illicit cryptocurrency funds reached an all-time high in 2021, totalling $14 billion. Scams were the largest source of these illicit funds followed by theft. Read more...

Elon Musk says Tesla will sell merch for Dogecoin

Paul Hill — Tue, 14 Dec 2021 13:54:01 +0000

Elon Musk has said Tesla will accept Dogecoin for purchases in the Tesla Shop. Items in the Tesla Shop include the Tesla Cyberwhistle, the Cyberquad for Kids, flasks, and an umbrella. Read more...

Bitcoin just fell 10% reaching $43,000 weeks after analysts predict a bull run

Paul Hill — Sat, 04 Dec 2021 09:46:01 +0000

Bitcoin has tumbled more than 10% this morning hitting $43,000. This comes just weeks after Bitcoin hit a new high of $69,000. El Salvador's President also tweeted to say the country bought more BTC. Read more...

Google Cloud instances are being hacked to mine crypto

Paul Hill — Fri, 26 Nov 2021 23:56:01 +0000

Google has said as many as 86% of hacked Google Cloud instances are being used to mine for cryptocurrencies. It said users should use better passwords and keep third-party software updated. Read more...

India may not impose an outright ban on crypto according to crypto exchange co-CEO

Paul Hill — Thu, 25 Nov 2021 08:24:01 +0000

India may not ban cryptocurrencies outright after all, according to Zebpay co-CEO Avinash Shekhar. Based on meetings with the finance committee he believes high taxes on crypto will be levied instead. Read more...

Ripple working with the Republic of Palau on a national digital currency strategy

Paul Hill — Wed, 24 Nov 2021 03:28:01 +0000

Palau is the latest country to dabble in cryptocurrency. It has partnered with Ripple to develop a new USD-backed stablecoin. It could end up being the world's first government-backed stablecoin. Read more...

CoinGecko data suggests total cryptocurrency market cap has passed $3 trillion

Paul Hill — Mon, 08 Nov 2021 19:06:01 +0000

The cumulative cryptocurrency market cap has passed $3 trillion according to data from CoinGecko. It passed the $1 trillion and $2 trillion marks earlier this year too, just months apart. Read more...

Former UK Chancellor Philip Hammond says big finance taking crypto tech more seriously

Paul Hill — Sat, 06 Nov 2021 00:58:02 +0000

Philip Hammond, the UK's former Chancellor, has stated that tokenisation, distributed ledgers and other cryptocurrency technologies will be used by the mainstream financial sector soon Read more...

Venezuela launches digital currency and removes six zeroes off its currency

Paul Hill — Fri, 01 Oct 2021 18:02:01 +0000

Venezuela has become the latest country to adopt a digital currency. The new Digital Bolivar is available as paper money but can also be used over SMS to facilitate payments for goods and services. Read more...

China reportedly clamps down on cryptocurrency transactions

Paul Hill — Fri, 24 Sep 2021 15:56:01 +0000

The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets. Read more...

Twitter will now allow users to tip creators using Bitcoin on the platform

Mehrotra A — Thu, 23 Sep 2021 18:10:02 +0000

Today, Twitter announced that it is adding new payment methods for its tips feature including cryptocurrencies. The new feature will allow creators to receive tips from Twitter users via Bitcoin. Read more...

PayPal launches new app with rewards and high-yield savings

Paul Hill — Tue, 21 Sep 2021 23:16:01 +0000

PayPal has launched a refreshed app on mobile, making it more convenient to use. It brings a whole plethora of features together making it your go-to app for most financial activities. Read more...

El Salvador buys bitcoin dip predicting middle- to long-term gains

Paul Hill — Mon, 20 Sep 2021 18:12:01 +0000

President Bukele of El Salvador has announced the country bought 150 more bitcoin bringing the total to 700 coins or 30.8 million U.S. dollars. It comes after he made bitcoin legal tender. Read more...

India is aiming to trial digital rupee by the end of the year

Paul Hill — Fri, 27 Aug 2021 13:32:01 +0000

India's reserve bank governor has revealed that it could begin testing its Central Bank Digital Currency sometime in December. It could still take several years for a CBDC to become widespread though. Read more...