Cryptocurrency exchange Huobi has set its sights on re-entering the U.S. market, according to the company’s co-founder Du Jun. In an interview with CNBC, Du noted that the Seychelles-based company may eschew launching a U.S. crypto exchange in favor of targeting different areas such as asset management. “I expect asset management to be a bigger business than exchange, which echoes…
The Kazakh Ministry of Energy announced that it has discovered and terminated 13 cryptocurrency mining operations. The government executed the shutdown as part of its efforts to regulate the Bitcoin (BTC) mining sector, which has grown increasingly popular in recent years. As per the official statement, the miners were using a lot of energy, with a total power consumption of…
The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Jamaica announced on Twitter that it had chosen the name “Jam-Dex” along with the tagline and logo for its upcoming CBDC, scheduled for late 2022. While the project is…
As an unlikely but welcome source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity. A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy…
Over $5 million (£4 million) has been returned to victims of an international crypto scam uncovered by Greater Manchester Police (GMP). According to a statement released by GMP, the force returned funds to 23 verified victims, while another 127 claims from various countries are being investigated by GMP officers working alongside partners in international law enforcement. The scam was solved…
U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said. The firm also claims to be one of the first major U.K.-based law…
The Stock Exchange of Thailand (SET) is looking at launching a new digital asset exchange integrated with the cryptocurrency market, according to president Pakorn Peetathawatchai. The SET is expecting to launch its own digital asset exchange in 2022, planning to enable new exposure options like investment tokens and utility tokens, Peetathawatchai said in a Bloomberg interview on Sunday. While the…
The price of Bitcoin (BTC) fell by nearly 5% over the last 24 hours, amid growing tensions over Russia and Ukraine. The leading cryptocurrency is currently changing hands at around $37,150, according to CoinMarketCap—down 4.6% from yesterday and reaching levels last seen at the beginning of the month. Prior to that, Bitcoin tumbled to a daily low of $36,488, dragging…
Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand. JPX issued the alert after receiving reports about an ongoing attempt to dupe unwary investors into trading Bitcoin (BTC) and cryptocurrencies on platforms misrepresented as JPX or one of its…
Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices using falsified documents. Devices to Be Disposed of in Accordance With Regulations Huangpu Customs of China’s Guangdong Province has said it seized 49 used bitcoin (BTC) miners from an unnamed party that was…
