Amazon’s Twitch Deals Sharp Blow to Crypto

The past few months have not been easy for the cryptocurrency industry. The list of headaches plaguing the young industry is growing by the day: falling prices, proliferating scams, bankruptcy filings between leading lenders and platforms, threatening remarks from regulators suggesting stricter rules, caution from institutional investors and departures of millions of small investors that … Read more

After losing his fortune to crypto crash, Bengaluru tea-seller accepts payment in Bitcoin

With its mysterious origins attributed to an unknown entity behind the pseudonym of Satoshi, cryptocurrencies continue to attract young investors, while authorities remain cautious. When the Indian government decided to impose a 30% tax on profits made by investing in cryptocurrencies, it did not specify whether they would be considered legal. But that hasn’t stopped … Read more

Australian Crypto Entrepreneur Lost $267 Million After Deal Collapsed Amid Crypto Market Plunges

An Australian cryptocurrency investor lost $ 267 million for failing to secure funding for his Silicon Valley-based blockchain start-up as the digital currency market remains knockout. Michael Dunworth, the co-founder of Wyre, said he was hit hard by the news last week that American online checkout firm Bolt Financial Inc canceled the $ 1.5 billion … Read more

Crypto’s bear market is unlike others before it. This time the Fed’s steering the ship

Although it may not feel like it, the cryptocurrency industry has reason to celebrate. True, it’s been a bumpy ride this year — and for a good while, it seemed like a never-ending downhill trip. But Bitcoin is no stranger to plunges. The reason for jubilation is that while there has been lots and lots … Read more

Liberal senator drafts cryptocurrency bill to regulate ‘stablecoins’ and China’s digital yuan

The use of cryptocurrency is on the rise and a lack of regulation in the industry could threaten Australia’s national security, according to liberal senator and cryptocurrency advocate Andrew Bragg. Senator Bragg will introduce a private member’s bill at the next session of parliament, including new rules governing cryptocurrency exchanges and Chinese banks dealing with … Read more

Greenpeace Says Bitcoin Is ‘Defiantly Refusing To Accept Its Climate Responsibility’

On September 15, the day Ethereum completed the Merge upgrade, marking the transition from proof-of-work (PoW) to proof-of-stake (PoS), the Amsterdam-based international environmental organization Greenpeace detonated Bitcoin’s use of “unfashionable” energy-hungry PoW consensus. The Greenpeace press release stated that “since ethereum, the second largest cryptocurrency in the world, drastically reduces its climate pollution, environmental groups … Read more

How billionaire Bankman-Fried survived the slump and still expanded

FTX CEO Sam Bankman-Fried looked for bargains during the recent industry carnage and said he still has money to spend if the opportunity presents itself. It may seem strange. Other multi-billion dollar cryptocurrency giants went bankrupt this year. FTX’s main competitor, Coinbase, has seen its stock plummet by 70% and has laid off a fifth … Read more

New to The Street TV Announces its 385th Episode with Four

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — FMW Media’s New to The Street TV announces its business show broadcasting as a sponsored program on Bloomberg TV, Tonight, September 15, 2022, at 9:30 PM PT. New to The Street’s show will feature the following four (4) corporate interviews: 1). Cryptocurrency- Fantom Foundation’s (CRYPTO: FTM) ($FTM) … Read more

Lightning Network Startup Neutronpay Raises $2.25M

VANCOUVER, British Columbia, September 15, 2022 (GLOBE NEWSWIRE) – Neutronpay, a startup based in Vancouver, Canada and Ho Chi Minh City, Vietnam, which allows consumers and businesses to send and receive payments on Bitcoin’s Lightning network, has raised $ 2.25 million in initial funding on June 1, 2022. The Lightning Network is a “level 2” … Read more