SEC Official: Crypto Scams Now Favored Crime Tool

The popularity of cryptocurrency has come with an unfortunate side effect: a corresponding rise in the number of scams involving crypto. Such crimes have become the “flavor of the year,” as Peter... Read more »

Hackers siphon $600m in digital tokens, crypto network says

Cryptocurrencies updates Sign up to myFT Daily Digest to be the first to know about Cryptocurrencies news. A decentralised financial network has claimed hackers absconded with about $600m worth of cryptocurrencies in... Read more »

Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000

Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in... Read more »

Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong

In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for stricter market regulation. While admitting that the biggest upside to... Read more »

Analysts identify $40K as the make or break it level for Bitcoin price

Optimism from bulls is the leading sentiment of the day after Bitcoin (BTC) price made its way back toward the psychologically important $40,000 level. In addition to the reversal from this week’s local... Read more »

China’s Digital Yuan Will Utilize Smart Contracts

Key Takeaways The People’s Bank of China (PBOC) stated in a new whitepaper that it is using smart contracts for its digital Yuan or e-CNY. Smart contracts supported by e-CNY will act... Read more »

Former CFTC chair explains why regulators should approve a Bitcoin ETF

Timothy Massad, who served as Chair of the United States Commodity Futures Trading Commission between 2014 and 2017, has laid out the reasons why he thinks regulators should approve a Bitcoin exchange-traded... Read more »

Robinhood drew 34% of crypto revenue from being ‘overexposed’ to Dogecoin (DOGE)

Commission-free trading platform Robinhood reveals it relies heavily on Dogecoin. The firm admits lessening demand for the controversial meme token could negatively impact its operations. With a YTD peak of almost +15,000%,... Read more »

Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System

The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant... Read more »