Category Archives: Cryptocurrency News

KuCoin Stops Its Own Bitcoin and Litecoin Mining Pools

Cryptocurrency exchange KuCoin will temporarily suspend the operation of Bitcoin and Litecoin mining pools from August 15, 2023 until further notice. The exchange announced that the decision is in line with the company’s business strategy. “In order to ensure uninterrupted earnings during our temporary shutdown, we recommend users who mine cryptocurrency to switch their equipment to alternative mining pools before 16:00:00 on August 15, 2023,” KuCoin said in an official statement. To ensure the integrity…

Worldcoin will allow governments to use their identity system

Worldcoin plans to expand its operations by enabling governments and companies to use its iris scanning and identity verification technology. Ricardo Macieira, general manager of Tools For Humanity, behind the Worldcoin project, said the company’s mission is to “create the greatest possible financial and individual community.” “The idea is that as we build this infrastructure, we allow third parties to use this technology,” he explained. Maceira added that the company wants to ensure a wider…

Surplus reserves on Tether will reach 850 million dollars

Tether, USDT Issuer, Nai-Gholamata Stable Coin by Capitalization, $850 Million Reserve Report, 2023 Monthly Formation „Tether is still showing the importance of taking the right decisions for risk management and paying for your community“, kaza company. Operational sadness on Tether from April to June 2023 raised $1 billion. An increase from 30% was just before the start of the month. “Our long-term goal was to beat and stimulate innovation. Through uncompromising improvement, we are striving…

TechDev: “Bitcoin could rise to $140,000 by 2025”

A popular cryptocurrency analyst under the pseudonym TechDev predicts a massive rise in bitcoin in the coming months if the economic cycle continues as it has in the past. To predict the price of bitcoin, TechDev relies on the behavior of more traditional financial markets – the price of 10-year Chinese bonds and the dollar index, central bank balance sheets of large countries, and so on. According to him, the price of bitcoin closely follows…

Crypto broker Rain received permission to work in the UAE

Cryptocurrency brokerage company Rain has received permission from the financial regulator of Abu Dhabi to operate as a virtual asset service provider in the UAE. A Financial Services Permit (FSP) in the United Arab Emirates (UAE) will give the company the right to provide institutional and retail clients with services for the sale and custody of virtual assets. In addition, Rain will be the only regulated platform in the country for depositing and withdrawing UAE…

Binance to Launch New Platform in Japan in August

Cryptocurrency exchange Binance has announced plans to launch a full suite of services on its new platform in Japan as early as August. The founder of the company, Changpeng Zhao, announced this at a conference in Tokyo. Binance acquired Sakura Exchange BitCoin in November 2022 and has stated that it is going to create a platform that is fully compliant with local regulations. Also at the event, Binance representatives said that the company may launch…

Hackers Hacked Attorney Jeremy Hogan’s Account for Fake XRP Giveaway

Hackers hacked into a Twitter account belonging to lawyer Jeremy Hogan, who defends cryptocurrency companies. On his behalf, scammers published messages about the distribution of XRP. Jeremy Hogan has closely followed the legal proceedings between Ripple and the US Securities and Exchange Commission (SEC). Therefore, it is not surprising that the hackers chose his account to publish messages about the free distribution of XRP in order to “celebrate” Ripple’s victory over the regulator. Seedstarter founder…

Kuwait authorities prohibit any transactions with cryptocurrency

The Kuwait Capital Markets Authority (CMA) has issued a circular on overseeing the issuance of virtual assets. The document prohibits any operations related to cryptocurrency. The CMA prohibits the use of virtual assets as an investment vehicle, payment instrument or decentralized currency in the State of Kuwait. Government entities are prohibited from issuing or granting any person or entity a license to provide virtual asset services. A similar prohibition applies to any activity related to…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Peter Schiff: My son lost faith in bitcoin

The son of a famous economist has ceased to be a Bitcoin maximalist, having lost interest in it thanks to the advent of artificial intelligence. Spencer Schiff has been saying for years that bitcoin is a great investment for the long term and a reliable hedge against inflation. However, now his views have changed. The son of Peter Schiff tweeted that what is happening has nothing to do with the bearish trend in the crypto…