Neowin News Feed for: Cryptos

Bitcoin touches $25,000 for the first time since early mid-june

Paul Hill — Mon, 15 Aug 2022 15:30:01 +0000

Bitcoin reached $25,000 today for the first time since June. It's still a bit unclear what's in store for Bitcoin, with some expecting the price to go lower and others saying the worst is over. 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...

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...

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...

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...

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...

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...

Binance Labs begins third season of its Incubation Program involving nine projects

Paul Hill — Mon, 15 Nov 2021 08:00:01 +0000

Binance Labs has announced the start of Season 3 of its Incubation Program which will help nine nascent crypto projects develop further, find funding from investors and find new partners. 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...

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...

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...

Poly Network receives all its crypto back after huge heist

Paul Hill — Mon, 23 Aug 2021 14:50:01 +0000

Poly Network, the crypto platform that was recently hacked and had millions in cryptocurrencies stolen, has confirmed that it has received all the money back from the hacker and is restoring service. Read more...

PayPal brings its cryptocurrency services to the United Kingdom

Paul Hill — Mon, 23 Aug 2021 13:16:01 +0000

PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1. Read more...

Binance ordered to identify hackers and freeze their accounts

Paul Hill — Fri, 13 Aug 2021 16:40:01 +0000

Binance has been ordered by the UK High Court of Justice to identify hackers who stole $2.6 million from Fetch.ai. Once found, the court said Binance has to freeze the account of those responsible. Read more...

PayPal buys Curv to bolster cryptocurrency expertise

Paul Hill — Mon, 08 Mar 2021 23:30:02 +0000

PayPal has acquired the cryptocurrency firm Curv to bolster its credentials in the field as it looks to offer these services to users around the world in the first half of the year. Read more...

Bitcoin hits $40,000 but will the bull run continue?

Paul Hill — Fri, 08 Jan 2021 00:06:01 +0000

The price of bitcoin briefly reached $40,000 on Thursday before retreating a bit. It's not clear what will happen to the price going forward but it has certainly piqued people's interest. Read more...

Opera reports 170,000 MAUs of its browser-based crypto wallet

Paul Hill — Fri, 24 Jul 2020 15:14:01 +0000

Opera has announced that its crypto wallet now has 170,000 monthly active users. To boost these figures, the firm has partnered with Ramp to allow those in the UK to buy cryptocurrency with low fees. Read more...