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The Latest Breaking News from Cryptocurrency

Social Media And Crypto a Combustible Combination for Fraud: FTC Report

Social media and cryptocurrencies are a combustible combination for fraud, with nearly half the people who reported losing crypto to a scam since 2021 saying it started with an advertisement, post, or message on a social media platform, according to a report by the US Federal Trade Commission (FTC).

Benzinga

Digital currencies flow to campaigns, but state rules vary

Cryptocurrency donations have become a big part of campaign fundraising for many candidates running for office across the U.S. this year

The Independent UK

Cryptocurrency and tax: could you end up paying the ATO more than you earned?

A lot of investors don’t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled

The Guardian - AU

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If You Had $1,000 Right Now, Would You Put It On Ethereum Or Baby Dogecoin?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing:

Benzinga

Crypto has crashed – can it bounce back?

Plummeting prices and lost life savings confirmed for many that the blockchain dream was too good to be true – and it may now struggle to hit past highs

The Guardian - UK

This Crypto Analyst Predicts Price Rebounds For Bitcoin And Ethereum: Here's How High They're Going

Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe says Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are on the verge of bouncing back in the market.

Benzinga

Cryptocurrency Firms Announce Layoffs In Bearish Market: What You Need To Know

Numerous cryptocurrency firms globally are firing significant shares of their workforce in the wake of bearish market sentiment. What Happened: The last week has seen major cryptocurrency exchanges and companies, such as Gemini, 2TM and Bitso, dismiss dozens of employees.

Benzinga

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Metaverse Index And ETFs: The Latest Financial Innovations Making Investment In NFTs More Secure

Investing in the Metaverse and NFT industry is possible through various options. Although it requires a certain degree of cryptocurrency awareness and expertise, buying crypto assets and non-fungible tokens is the most straightforward one. However, using the Metaverse Index or an NFT ETF changes that narrative for the better.

Benzinga

FTX Passes Coinbase For Transaction Volume In May: Report

Many cryptocurrency exchanges compete for new users and trading volume from active traders. The month of May saw a change in who led the way for the trading volume of the most valuable and most well-known cryptocurrency.

Benzinga

Anonymous Crypto Wallet Moves $42M Worth Of Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $42,326,948 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 14MtUjE8m5PtYsqJVNHyiNrrULyMp7RV3p

Benzinga

Japan Classifies Stablecoins As Digital Currency: What You Need To Know

Japan’s Parliament enacted a law Friday that sheds light on the legality surrounding stablecoins, deeming them to be digital money.

Benzinga

Crypto.com Gets Regulatory Nod in Dubai, FTX Launches in Japan

One of the world’s largest cryptocurrency exchanges by volume Crypto.com Friday announced it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to offer a full suite of crypto exchange products and services.

Benzinga

Bill to limit cryptomining passes New York Legislature

The New York Legislature has approved a milestone measure that would tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels

The Independent UK

Winklevoss Twins' Crypto Exchange Gets Sued By CFTC Over Bitcoin Futures Product

The U.S. Commodity Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini, owned by Cameron and Tyler Winklevoss, for “making false or misleading statements” to the regulator in 2017.

Benzinga

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Asharq Al-Awsat

US Sues Cryptocurrency Exchange Run by Winklevoss Twins

US regulators on Thursday said they are suing the Gemini Trust cryptocurrency exchange, which is run by Cameron and Tyler Winklevoss, for giving misleading answers in 2017 about a bitcoin project. The Commodity Futures Trading Commission lawsuit filed in federal court in New York accuses Gemini of not being upfront…

Benzinga

Coinbase to rescind job offers amid bearish crypto market

Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) plans to extend its hiring freeze and rescind a number of accepted job offers.

Benzinga

Bitcoin, Ethereum, Dogecoin Still Stuck In A Rut: What It Will Take For Crypto To Get Its Groove Back

Bitcoin traded above $30,000 at press time as the global cryptocurrency market cap rose 2% to $1.3 trillion over 24 hours leading up to Thursday evening.

Benzinga

Making Crypto Accessible to The Average Joe: Three Pillars That Drive Crypto Adoption

“I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”-- Robert Metcalfe, Infoworld, 1995.

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Benzinga

This Wallet Just Transferred $42M Worth Of BTC Onto Coinbase

Benzinga

Someone Just Sent $42M In Bitcoin Onto Coinbase

Benzinga

Cathie Wood Scoops Up $1.2M More In This Crypto-Linked Fintech On The Dip

Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc (NASDAQ: COIN) as it scooped up 17,382 shares, estimated to be worth $1.19 million, in the cryptocurrency exchange.

Benzinga

Crypto Billionaire Joins Elon Musk, Bill Gates In Pledging Majority Of Wealth To Charity

Sam Bankman-Fried, the founder and CEO of cryptocurrency exchange FTX, has pledged to give away the majority of his wealth to charitable organizations.

Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says This Is When Crypto Can Decouple From Wall Street

Bitcoin, Ethereum and other major coins plunged on Wednesday evening as the global cryptocurrency market cap dropped 5.7% to $1.2 trillion at press time.

Bangkok Post

Investors urged to be wary of digital assets

A local cryptocurrency industry leader recommends suspending investment in digital assets as he expects the global market to face intense volatility in the near term from rate hikes and monetary policy tightening.

Benzinga

Binance Labs Launches $500 Million Fund To Boost Blockchain, Web3

The venture capital and incubation arm of leading cryptocurrency exchange Binance on Wednesday launched a $500 million fund, that will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.

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