Below $200 Billion: Crypto Market Sinks to New 2018 Low

Nov 25, 2019 at 16:50 UTCUpdated Nov 25, 2019 at 17:23 UTCChinese president Xi Jinping, image via ShutterstockCrypto Market’s Overreaction to Xi’s Blockchain Remark Prompts Tougher CrackdownCall it a self-defeating prophecy.When President Xi Jinping praised blockchain technology as an opportunity that China should pounce on last month, many took it as an auspicious sign for…

news Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances. According to a report from SBS-AAP, the country’s Communist government announced on state-run TV that it would potentially use crypto as part of a package aimed to boost incomes for as much as a quarter of Cubans and…

The bill increases the CMB’s supervision over crypto.The proposed law aims to introduce a licensing scheme for crypto firms, which will be handled by the CMBTürkiye has introduced a legislative proposal aimed at reducing the risks of parties transacting with crypto assets in the country. The proposal has been presented to the parliament.The bill, introduced

The U.S. House of Representatives' financial-services committee is said to be tackling a ton of crypto issues next month, including DeFi and Securities and Exchange Commission matters. Digital assets will likely be a hot topic for SEC Chair Gary Gensler, who is said to be scheduled to face the entire committee later in September. The

Mirshahi was first abducted on June 21 along with three others who were later found alive. His crypto investment scheme on Telegram, Crypto Paradise Island, was under investigation by authorities. 01:45 Bitcoin Tops $93K Lifetime High As U.S. Demand Surges 01:29 DOGE Ascends Over 100% in Past Week, Traders Set $1 Price Target 02:47 Bitcoin

news Fortis Escorts, a private hospital in the Indian city of Jaipur, has released details about the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX. In a statement shared with CoinDesk on Thursday, Fortis Escorts said that Cotten was admitted to the hospital on Dec. 8, 2018 at 9:45 p.m. IST (16:15 UTC) and…

news The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead…

news Bitfinex is clutching its documents despite objections from the office of the New York Attorney General (NYAG). In a letter filed to the New York State Supreme Court Tuesday, attorneys for Bitfinex, Tether and other affiliated entities wrote that a request made by the NYAG’s office relating to a $900 billion loan between sister…

Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.In a letter to shareholders on Tuesday, the firm said Grayscale accounted for $156 million of its first quarter revenue. Thanks to sharp rises in the price of bitcoin (BTC) and