Report: Bitcoin mining stocks – extreme volatility and underperforming Bitcoin
Key Takeaways Bitcoin mining stocks have traded with significantly more volatility than Bitcoin itself Mining stocks have underperformed, as rising energy costs and increased competition...
Does the US have a crypto ‘tax loophole’ problem?
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its...
Tether (USDT) market cap breaks ATH, Binance CEO points at regulatory caps
The Tether (USDT) stablecoin has hit a new all-time-high (ATH) market capitalization of over $83 billion as its market dominance continues. The new ATH comes...
Canadian crypto exchange Bitvo reduces withdrawal fees by 50%
Several cryptocurrency exchanges have announced leaving the Canadian crypto market citing the Canadian regulations. Bitvo aims to leverage the market gap created by the leaving...
Crypto.com completes its licensing process in Singapore
Crypto.com received an in-principle approval in Singapore last June. Coinbase and Blockchain.com are the other exchanges that have received in-principle approval in Singapore. Crypto.com has...
Crypto.com joins ranks of licensed payment institutions in Singapore
The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT)...
Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China
Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.In a May...
EU officials sign Markets in Crypto-Assets framework into law
Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers.On May 31, Sweden’s...
Hong Kong Virtual Assets Consortium launched with Huobi as first member
Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization...
Binance plans new round of layoffs amid increased regulatory scrutiny
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job...