Cryptocurrencies - Bitfinance

Circle CEO says SEC is not the appropriate regulator for stablecoins

Jeremy Allaire, CEO of Circle, one of the leading cryptocurrency companies in the United States, expressed his opinion on the regulation of stablecoins by the United States Securities and Exchange Commission (SEC). Allaire believes that the SEC is not the appropriate regulator for stablecoins, as…

Coinbase surpasses Q4 2022 revenue expectations

Coinbase, one of the world's largest cryptocurrency platforms, beat fourth-quarter 2022 revenue expectations, despite falling transaction volume. The company reported revenue of $1.86 billion, beating the estimates of analysts, who had…

Cryptocurrencies

YouTube names new Web3-friendly CEO

The Google-owned video platform announced that on April 1, Susan Wojcicki will be replaced by Neal Mohan. Mohan, who previously served as VP of Video and Music Products at YouTube, is known for his enthusiasm for blockchain technology and…

Business

VTB Bank of Russia will test the digital ruble among its employees

Russia, a country with a restrictive stance on the use of cryptocurrencies, will test digital ruble transactions internally at VTB Bank this year. The financial institution, one of the main ones in the country, issued the announcement this…

Cryptocurrencies

Brazil authorizes payment of taxes with cryptocurrencies

The ease provided by cryptocurrencies when carrying out any transaction encourages Banco do Brazil to implement state tax payments with this modality. The financial entity, one of the most important in the hands of the Brazilian…

Cryptocurrencies

The issuance of BUSD is suspended in the US

In a surprise decision, the US Treasury Department has suspended issuance of Binance's stablecoin BUSD on US soil. The move comes amid growing concern from regulatory authorities about compliance with financial regulations by…

Cryptocurrencies

Cybercriminals spread malware through fake job proposals

A campaign run by Russian threat actors focuses on sending fraudulent emails that integrate 'malware' with alleged job offers and target professionals in the cryptocurrency industry. Trend Micro researchers have analyzed the activity of…

Binance commits to supporting BUSD stability system

Binance, one of the largest cryptocurrency exchanges in the world, announced its commitment to support the Binance USD (BUSD) stability system, while exploring the possibility of implementing non-dollar stablecoins. According to Binance…

Cryptocurrencies

Bank of Germany in negotiations to invest in cryptocurrencies

In an effort to revive its growth, Deutsche Bank has started talks with companies in the crypto sector in Germany. The German bank, through Deutsche Bank's asset management arm DWS Group, is in "negotiations to buy a minority stake in…

Cryptocurrencies

LocalBitcoins will close its operations permanently

LocalBitcoins, a cryptocurrency exchange based in Helsinki, Finland, announced its final closure effective February 17. The company, which was founded in 2012, has been one of the main platforms for buying and selling Bitcoin locally. The…

Cryptocurrencies

Super Bowl 2023 suspends cryptocurrency advertising

The Super Bowl 2023, which is celebrated this February 12 with the participation of the singer Rhiana to entertain the match between the Kansas City Chiefs and the Philadelphia Eagles, will not have cryptocurrency advertising. Unlike the…

Cryptocurrencies

Regulations in the UK would affect cryptocurrency companies

The UK Financial Conduct Authority has proposed a new financial promotion regime for cryptocurrency companies operating within and outside the region. If approved, executives of these companies could face up to two years in prison for…

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