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Iran modifies rules to make it easier for cryptocurrency miners to access renewable energy

In order to facilitate the crypto mining industry's access to green power, Iranian authorities have revised a few regulations. Licensed miners will now have...

IMF Issues Warning About Additional Crypto Selloffs and Failing Coins

The International Monetary Fund (IMF) director has issued a warning about further selloffs in both stocks and crypto assets. He added that more cryptocurrency...

Bloomberg’s Hong Kong partner is being sued for defamation by Binance CEO.

Changpeng Zhao, the CEO of Binance, filed a defamation lawsuit against Modern Media CL., the publisher of Bloomberg Businessweek in Hong Kong, on Monday. The lawsuit stemmed from a title of a translated article in Chinese that claimed Zhao was the head of a "ponzi scheme." The lawsuit is related to Zhao's profile in Bloomberg Businessweek's article "Can Crypto's Richest Man Stand the Cold?" from June 23.  But in Hong Kong, Businessweek's local publisher Modern Media CL used a different headline with the intention of inciting "hatred, contempt, and ridicule" for Zhao Changpeng, the world's richest crypto billionaire: "Zhao Changpeng's Ponzi Scheme," according to Zhao's representative. Zhao demanded a retraction, a restraining order to prevent the defendants from spreading the portrayal further, and the removal of the edition from newsstands;...

Governor of the Philippine Central Bank Justifies Crypto Policy: “I Don’t Want It Banned”

The governor of the Philippine central bank has disclosed his stance on regulating cryptocurrencies. He cautioned investors against investing in cryptocurrency with money they...

US State Regulator Issues Warning Regarding Crypto Interest-Bearing Accounts During Market Recession

Arizona's financial watchdog has issued a warning to investors regarding cryptocurrency interest-bearing accounts. The regulator warned that "some companies may materially overstate the extent...

According to a study, cryptocurrencies are a “Good Alternative to Traditional Settlement Processes.”

According to a recent study, cryptocurrency can be a good substitute for traditional settlement procedures because it uses blockchain technology, which enables instantaneous transaction...