Love them or hate them, NFTs will soon be coming to Instagram. From a report: Speaking at SXSW, Mark Zuckerberg confirmed that digital collectibles would be arriving on Instagram “in the near term.” “We’re working on bringing NFTs to Instagram in the near term,” he said. He didn’t detail exactly Read more…
Democratic lawmakers are entering a crypto collision course. Questions around how to police digital currency and whether to support its adoption are driving a rift not just between the party’s liberal and centrist wings but also among progressives who often see eye-to-eye on financial regulation. Sen. Elizabeth Warren of Massachusetts Read more…
Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, Reuters is reporting, citing company executives and financial sources. Some clients are using cryptocurrency to invest in real estate in Read more…
“Bitcoin was seen by many of its libertarian-leaning fans as a kind of doomsday insurance,” argues a columnist in the New York Times, “a form of ‘digital gold’ that would be a source of stability as the world grew more chaotic and unpredictable…. “But Bitcoin hasn’t boomed…. Bitcoin prices are Read more…
Bitcoin and other cryptocurrency ATMs that allow people to buy and sell crypto are illegal in the UK, according to a letter made public on Friday by Britain’s Financial Conduct Authority. That means anyone currently operating a Bitcoin ATM is doing so illegally and will have to stop, according to Read more…
President Biden signed an executive order on Wednesday instructing agencies across the federal government to study the possible risks presented by the explosion in popularity of cryptocurrencies and consider the creation of a U.S. digital currency. The executive order urges federal regulators to review the risks a roughly $1.75 trillion Read more…
Cryptocurrency trading platform Coinbase said it blocked over 25,000 wallet addresses related to Russian individuals or entities that it believes to be engaging in illicit activity. The blocked addresses represent about 0.2% of Coinbase’s 11.4 million monthly transacting users, based on 2021 data. In a company blog, Paul Grewal, Coinbase’s Read more…