Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin was one of the three Read more…
President Nayib Bukele’s Bitcoin gambit is becoming onerous for cash-strapped El Salvador but that isn’t stopping him from adding to his stockpile. Bukele’s bought 2,301 Bitcoins for the government since making them legal tender back in September, based on his announcements on Twitter. That includes a purchase of 500 coins Read more…
Hidden away in Coinbase Global’s disappointing first-quarter earnings report — in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users — is an update on the risks of using Coinbase’s service that may come as a surprise to its Read more…
Apple’s director of machine learning, Ian Goodfellow, “is leaving the company due to its return to work policy,” reports a tech reporter for the Verge. “In a note to staff, he said ‘I believe strongly that more flexibility would have been the best policy for my team.’” 9to5Mac notes that Read more…
40 days ago Bitcoin sold for $47,454. It’s price now is $34,007 — a drop of 28%. About a third of that drop happened this week, as “Bitcoin, ethereum and other major cryptocurrencies have fallen sharply,” Forbes reports, “wiping around $200 billion from the crypto market in just a matter Read more…
The U.S. sanctioned a cryptocurrency swap service on Friday, part of a larger effort to crack down on North Korea’s practice of using hackers to steal money for the state. The sanctions, leveled against the company Blender.io, mark the first time that the U.S. Treasury Department has taken action against Read more…
California Governor Gavin Newsom signed an executive order on Wednesday to “create a transparent regulatory and business environment for Web 3 companies” in the state, according to a press release. Under the order, as well as the California Consumer Financial Protection Law passed in 2020, the state will create a Read more…