Bitcoin Magazine News

Senate Reaches Last-Minute Deal on Crypto But Hurdles Remain

The ongoing drama over a proposed law that could roil the crypto industry took a further twist on Monday morning as key Senators announced they had reached [...]

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9 August 2021 15:37

Circle to Become Full-Reserve Bank Amid Stablecoin Scrutiny

The stablecoin giant Circle announced on Monday it intends to become a “national digital currency bank”—a move that would place it under the direct supervision of the [...]

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9 August 2021 14:25

Poloniex Settles for $10 Million with SEC for ‘Aggressive’ Listing Policy

Crypto exchange Pononiex has settled for $10 million with the U.S. Securities and Exchange Commission for selling digital securities. From July 2017 through November 2019, the SEC [...]

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9 August 2021 13:51

Price of Gold Crashes 6% in Two Hours

The price of gold crashed from just over $1,800 to around $1,690 per ounce yesterday afternoon, its lowest price since March, after what trading firm City Index [...]

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9 August 2021 12:40

Tether Is Backed by Nearly 50% Commercial Paper Says New Report

Tether has released an assurance report that provides a breakdown of the company’s consolidated assets. Per the report, Tether has a total backing of $62.7 billion, which [...]

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9 August 2021 12:33

U.S. Senate Vote in Favor of Amendment That Threatens Crypto Industry

The United States Senate has voted in favor of the Warner-Sinema-Portman amendment to President Biden’s infrastructure bill in a landslide of 68-29 late on Sunday evening.  The [...]

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9 August 2021 11:51

Ethereum Sheds 7.6% as Crypto Markets Stumble

Over the past 24 hours, Ethereum has dropped 7.6%, falling just below the key $3,000 mark. At press time, the cryptocurrency is trading at $2,934, according to [...]

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9 August 2021 07:30

Axie Infinity Becomes Ethereum’s First NFT Game to Hit $1 Billion in Sales

Ethereum-based NFT game Axie Infinity has crossed $1 billion in sales, data from CryptoSlam! shows. As of this writing, $1,055,735 worth of tokens from the Pokémon-inspired NFT [...]

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8 August 2021 16:04

Crypto Tax Strife Continues As Senate Delays Vote

The Senate didn’t find the time yesterday to vote on two rival amendments that determine which crypto entities must provide customer information to help pay for Joe [...]

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8 August 2021 15:22

Dogecoin Surges 14% as Bitcoin Briefly Passes $45,000

The cryptocurrency market is in the green this weekend despite upset on Capitol Hill. Bitcoin, the world’s largest cryptocurrency, briefly surpassed $45,000 this morning to reach a [...]

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8 August 2021 14:44

Wu-Tang Clan’s Method Man to Launch NFT Comic Book Series

Wu-Tang Clan rapper Method Man is launching a new comic anthology series as NFTs. The first part of his Tical World saga is called “Part One: Origin” [...]

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8 August 2021 13:16

$30 Billion in Ethereum Burned Just Two Days After EIP-1559 Launch

Ethereum’s new transaction fee-burning mechanism EIP-1559 has removed $30 billion in ETH from the network’s circulation since it came into effect two days ago. EIP-1559, one of [...]

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7 August 2021 15:42

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