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The crypto industry is facing a very difficult 2023. In the longer term, however, there is no reason why it should not rise from the dead again, as it has in the past. Skeptics have long suspected it, and now they see themselves vindicated by the fiasco…
Many investors are buying Bitcoin after the cryptocurrency’s price fell to US$20,000, its lowest level since December 2020. Thanh Binh of HCMC says he turned off notifications on his crypto trading app after buying it at $38,000 and losing over VND40 million…
Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly…
As bad as losing money in the current market for cryptocurrencies might be, losing them altogether would be even worse. By some estimates, some 20 percent of all bitcoin has been lost for various reasons, including theft, forgotten passwords, or wiping out a…
The Swiss Bitcoin Association recommends the first technical standards for simplified payment verification (SPV) using digital currencies, eliminating the need to download entire the blockchain for transactions. Switzerland’s Bitcoin SV Technical Standards…
With Facebook announcing a name change to Meta to demonstrate its new focus on the metaverse, something exciting happened in the cryptocurrency sphere. The price of MANA, a cryptocurrency dealing in virtual land, rose to an all-time high. On Saturday,…
The Australian Securities and Investments Commission cautioned investors about cryptocurrency risks, noting that they are «on their own» for the time being as efforts are underway to develop regulations. Consumers should approach investing in crypto with…
El Salvador continues to position itself as a crypto hub leader with its latest plans to build a Bitcoin City with bonds backed by the same digital currency. El Salvador President Nayib Bukele announced plans to build the world’s first Bitcoin City on…
Crypto.com has bought the naming rights to the arena that is home to NBA team Los Angeles Lakers, in what is said to be one of the largest naming deals in sports history. The Staples Center in Los Angeles, home to the Lakers basketball team as well as the…
ZA International has established a partnership with BC Technology Group which operates the city’s only licensed digital asset platform. ZA International and BC Technology Group have entered into a mutual collaboration agreement, according to a statement. ZA…
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual…
Cryptocurrency miners in China are shifting their operations to other markets abroad following Beijing’s latest crackdown. A committee from China’s State Council announced on Friday that it would crack down on crypto, specifically naming Bitcoin as a major…
The Hong Kong government is seeking to restrict cryptocurrency access to wealthier investors amid an ongoing global crackdown by regulators. Cryptocurrency exchanges operating in Hong Kong will have to licensed by the Securities and Futures Commission (SFC)…
Saxo Markets customers in Singapore will be able to trade in major cryptocurrencies as FX spot pairs. The online trading and investment platform’s new cryptocurrency offering enables customers to trade bitcoin, ethereum and litecoin against EUR, USD, and JPY…
Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them. Europe’s largest bank in Europe, with total assets of $2.715 trillion, is…
You have to feel bad for a man named Phillipe Christodoulou. Looking for a place to store Bitcoins he owned that were valued at $600,000 at the time, he installed an app called Trezor Wallet from the Apple App Store, when Christodoulou opened the app looking…
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