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NFT platforms in China grow 5X in four months despite government warnings

The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms... Read More

GBTC premium hits -34% all-time low as crypto funds ‘puke out’ tokens

The largest Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC), is now trading at its biggest ever discount to the spot market. Data from on-chain analytics resource Coinglass shows GBTC shares down 34% versus Bitcoin (BTC)/USD on major exchanges as... Read More

President of Panama shoots down crypto bill citing FATF guidelines

Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations. President Cortizo previously warned in May he wouldn’t sign the bill unless it included additional... Read More

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE). The damages sought are more than 34... Read More

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an... Read More

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary... Read More

Resistance is futile! 3 reasons why Bitcoin mining will never go away

In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the... Read More

Resistance is futile! 3 reasons why Bitcoin mining will never go away

In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the... Read More

Texas securities regulator investigates Celsius over withdrawal suspension: Report

The Texas State Securities Board has reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals. According to a Thursday report from Reuters, Texas State Securities Board director of enforcement division Joseph Rotunda... Read More

Lightning Network now supported on bitcoin e-commerce savings site Purse.io

Purse.io, a platform that enables users to receive discounts when shopping for any product on Amazon by matching Shoppers with Earners (users who wish to exchange their Amazon gift cards for bitcoin), announced that the Lightning Network will soon be... Read More