Stay ahead in the fast-moving world of cryptocurrency with our up-to-date global news coverage. From Bitcoin and Ethereum to DeFi, NFTs, and blockchain innovation, we deliver the latest market trends, expert insights, and key developments shaping the crypto industry. Get the news you need to make informed decisions — all in one place.
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The city of Somerville, Massachusetts, is considering a ban on cryptocurrency ATMs due to concerns over financial risks associated with their use. City officials have expressed worries about potential fraud, money laundering, and the lack of consumer protections linked to these machines. The proposed ban is part of a broader
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Researchers have indicated that advancements in quantum computing, particularly a recent paper from Google, could significantly increase the likelihood of a "Q-Day" by 2032, when quantum computers might effectively break Bitcoin's cryptographic security. The paper highlights the rapid progress in quantum technology, raising concerns about the
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Uniblock has successfully raised $5.2 million in a funding round aimed at enhancing its blockchain infrastructure. The company focuses on creating a unified platform that simplifies the integration of various blockchain technologies. This funding will be used to expand its development team and accelerate product offerings. Uniblock aims to
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KuCoin has barred U.S. users from accessing its platform following a $500,000 settlement with the Commodity Futures Trading Commission (CFTC). The settlement stems from allegations that KuCoin offered unregistered trading of cryptocurrency derivatives to U.S. residents. As part of the agreement, the exchange will enhance its compliance
China
Coinbase's Layer 2 network, Base, plans to prioritize the development of tokenized markets, stablecoins, and support for developers in 2024. The platform aims to enhance its ecosystem by facilitating the creation and trading of tokenized assets. Additionally, Base will focus on expanding its stablecoin offerings to improve liquidity
China
Bitcoin Cash (BCH) saw a modest increase of 1.5% as the CoinDesk 20 index remained largely unchanged. The overall performance of the index reflected a stable market environment, with most cryptocurrencies showing minimal fluctuations. BCH's slight gain contrasts with the flat trading of other major cryptocurrencies within
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Ethereum's EEZ (Ethereum Ecosystem Zone) initiative aims to consolidate various Ethereum projects under a unified framework to enhance collaboration and innovation. The initiative seeks to address fragmentation within the Ethereum ecosystem by providing resources and support for developers and projects. By fostering a more cohesive environment, EEZ hopes
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OpenFX has successfully raised $94 million in funding to enhance cross-border payment solutions using stablecoins. The investment aims to streamline international transactions and reduce costs associated with traditional payment methods. The company plans to leverage blockchain technology to facilitate faster and more efficient transfers. This funding round highlights the growing
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Senator Cynthia Lummis has raised concerns regarding the Securities and Exchange Commission's (SEC) regulatory approach towards cryptocurrency businesses associated with former President Donald Trump. She specifically questioned why these Trump-linked ventures appear to receive different treatment compared to other crypto firms. Lummis emphasized the need for transparency and
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The U.S. Department of Justice has charged a hacker linked to the $53 million exploit of Uranium Finance, a decentralized finance platform. The individual, identified as 22-year-old Alexey Pertsev, allegedly manipulated the platform's smart contracts to siphon off funds. The charges include wire fraud and money laundering,
China
Crypto investment firm Keyrock has achieved a valuation of $1.1 billion following a Series C funding round led by SC Ventures. The round raised $65 million, with participation from existing investors and new backers. Keyrock plans to use the funds to expand its market-making services and enhance its technology
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A new U.S. rule aims to allow cryptocurrency investments within retirement accounts, potentially opening up an $8 trillion market. The rule, proposed by the Department of Labor, seeks to provide clearer guidelines for retirement plan fiduciaries regarding the inclusion of digital assets. This move is expected to enhance access