Bitcoin has dropped below $60,000 to its current price of $58,823. Today is the first time the flagship cryptocurrency has dipped below the $60,000 mark since October 17, 2021. Bitcoin has been on a historic run of late, breaking into a new all-time high price of $67,276 following news of a Bitcoin futures ETF making landfall in the United States.…
The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority (DFSA). The fund debuted on Nasdaq on June 23, 2021, and became the first listed digital asset fund in the Middle East. The funds goal is to provide investors with exposure to Bitcoin (BTC) and the daily price changes…
British police have seized $2.7 million (2 million) worth of Bitcoin from a 17-year-old boywho has not been identified for legal reasonsin Lincolnshire, England. The boy set up a fake website as part of what was described as a sophisticated cyber fraud, and used $8,900 (6,500) worth of stolen vouchers to buy Bitcoin. He was given a 12-month rehabilitation order…
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States. Cybercriminals From Ukraine Launder Millions, Offer Flash Drives With Crypto Malware The Cybersecurity…
El Salvadors Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the head of multicurrency investment platform Uphold. Speaking to Cointelegraph, Uphold CEO JP Thieriot underscored that the nature of…
Slovenias Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministrys intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenias Income Tax Act, the proposed…
Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P crypto exchange Localbitcoins has presented a mobile application for…
Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bites into major buy wal Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD nearing $58,000 at the time of writing, hitting its lowest since Oct. 15. The move follows multiple retests of $60,000, with Bitcoin now taking…
The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency can provide for the payments ecosystem. The currency could start its development…
Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID and travel rule compliance solutions, will allow Tether to automatically…
