The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill, House Bill No. 263, back in January 2022, seeking an amendment to […]
Crypto
Elon Musk’s brother said today’s crypto is a ‘nonstarter’ and he’s ‘violently opposed’ to anything that environmentally damaging
Kimbal Musk.Axelle/Bauer-Griffin/FilmMagic Kimbal Musk told Input Magazine that cryptocurrency, as it stands today, is a “nonstarter.” That’s because of the environmental effects of the huge amount of energy crypto mining requires. His brother Elon Musk stopped allowing bitcoin payments for Tesla vehicles for the same reason. Both Musk brothers think […]
The ‘Rug Doctor’ who advises crypto investors against ‘horrifying’ DeFi scams
A self-described “doctor” has a lesson she’d like to teach investors about decentralized finance (DeFi), an increasingly popular lending sector that’s become a battleground against cryptocurrency-related fraud. Even the most experienced DeFi players can find themselves wrong-footed by hacks and fraud. Yet retail investors in the sector are hungry for […]
Cryptocurrency prices higher as world governments try to block Russia from using crypto to bypass sanctions
Here are your FOX Business headlines. Cryptocurrency was surging early Tuesday morning with both Bitcoin and Ethereum reporting percentage hikes in double digits and Dogecoin up more than 7.25%. RUBLE LICKS WOUNDS, YEN AND FRANC HOLD FIRM WITH FOCUS SQUARELY ON UKRAINE At 4:30 a.m., Bitcoin was trading at around […]
Crypto exchanges resist calls for ban on Russia transactions
Crypto exchanges are coming under pressure to block transactions with Russia, as western politicians fear that cryptocurrencies provide a back door to move money around the world while they seek to shut Russia out of the global financial system. Trading between the Russian rouble and crypto assets such as bitcoin […]
Crypto eyed as sanctions pressure mounts on Putin
As the U.S. and other Western powers line up to impose sanctions on Russia for its armed incursion into Ukraine, the looming economic penalties are likely to squeeze the energy giant’s economy. However, there are questions about whether the booming cryptocurrency sector could allow oligarchs close to Russian President Vladimir […]
CoinShares Latest To Benefit From Booming Interest in European Crypto Products
The company defended its fees, saying they’ll remain unchanged, as assets and revenues ballooned “Everyone is doing an ETP today — everyone wants to do one,” a CoinShares executive said Thanks to explosive demand for digital asset investment products, European cryptocurrency asset manager CoinShares notched its highest quarterly earnings and […]
Crypto companies tempt top talent away from Big Tech to build ‘Web3’
YouTube, Facebook, Instagram and WhatsApp apps displayed on a smartphone. Florian Gaertner | Photothek | Getty Images Executives at tech giants like Google, Facebook and Amazon are quitting to take jobs in the buzzy world of crypto. Blockchain platforms such as Polygon and Circle have hired top talent from Big […]
Young crypto investors, tech entrepreneurs fuel yacht industry boom
It’s not your grandfather’s yacht anymore. Uber-rich young people are flocking to buy luxury boats for space on the high seas during the COVID-19 pandemic. Yacht seller Fraser sold $1.6 billion in inventory in 2021, a 175% increase over the prior year. CEO Raphael Sauleau told Yahoo Finance Live that […]
FBI is launching team to address crypto exploitation: US Deputy Attorney General
U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of Investigation will be increasing efforts to address enforcement in the digital asset space with the formation of a new team. Speaking at the Munich Cyber Security Conference on Thursday, Monaco said the FBI was creating a “specialized […]