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PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.

The UK Treasury Committee has said consumer trading and investing in crypto should be regulated as gambling rather than as a financial service. It said crypto has no intrinsic value.

The Intel Blockscale ASICs were designed specifically to mine Bitcoins, but now the company says it has put an "end-of-life" notice for those chips, with no future versions planned.

After shutting down its operations in Singapore in late 2021 due to lack of compliance in crypto regulations, Binance is again opening its doors and reviving its crypto permit bid in Singapore.

Crypto exchange Luno has decided to cut 35% of its staff as economic headwinds take their toll. Luno is one of the many subsidiaries of Digital Currency Group, which also owns ailing Genesis.

A member of the European Central Bank board, Fabio Panetta, stated an urgent requirement for regulations in the crypto sector. This comes after the collapse of FTX and rising volatility for crypto.

New York state has passed a law which puts a moratorium on crypto mining that relies on fossil fuels. Miners that use renewable energy will still be able to continue mining in the state.

The UK government is hitting those who sell crypto by lowering the Capital Gains Tax tax-free allowance. It'll be reduced in 2023 and then again in 2024 so those who sell assets pay more tax.

El Salvador President Nayib Bukele has said the country will buy Bitcoin every day starting tomorrow. The price has fallen 75% since reaching an all-time high last year. Bitcoin is currently $16,521.

Glassnode has reported huge outflows of Bitcoin from exchanges to self-custody wallets. It comes following the collapse of FTX. More investors now realize it's not safe to leave funds on exchanges.

Binance has backed out of a non-binding deal to provide FTX with liquidity. The decision came after the SEC said it was going to be investigating FTX to see whether it broke any rules.

Bitcoin has seen large moves in its price today. It reached $17,229 which is the lowest price it has been at in about two years. It comes as the FTX crypto exchange experiences liquidity issues.

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.

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.

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.

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.

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.

The U.S. government has banned employees from participating in public matters related to cryptocurrencies, such as the formulation of laws, if they have invested in cryptocurrencies and stablecoins.

Crypto miners will observe power supply cuts to avoid a possible rise in the country's electricity consumption. Iran noticed record-high demand last year. This year, it aims to act promptly.

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.

The last 24 hours have seen extreme market volatility which has now pushed the market capitalization of cyptocurrencies to below the $1 trillion mark for the first time since January 2021.

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.

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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.

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.

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.

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.

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.

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.

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.

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Following a ban on Bitcoin mining in China earlier this year, it seems that the network has fully recovered which is a testament to the cryptocurrency's resiliency. The U.S. now has the most miners.

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.

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.

Twitter users can now enable Tips through Twitter for Android. The option became available on iOS in September and, as promised, is now available to Android users. You must be over 18 to use Tips.

The Bitcoin network is set to receive a big upgrade this weekend. It will introduce new smart contract features bringing it closer to Ethereum and some transactions will be simpler, reducing fees.

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.