JPMorgan Chase CEO, Jamie Dimon, said at a conference on October 11 that cryptocurrencies should be regulated by governments and that he personally sees Bitcoin “worthless.” Speaking at a virtual event hosted by the Institute of International Finance, Jamie Dimon referred to banking regulations in a conversation held virtually by the Institute of International Finance,…

The Biden administration is reportedly planning a wide range of crypto oversight and might issue an executive order for the agencies regarding it. The Executive order might be aiming to combat the growing threat of ransomware attacks like the Colonial Pipeline incident and other cybercrime associated with crypto-assets. Reuters reported, the US National Security Council…

Cryptocurrency mining and maintaining the work of blockchains in general are associated with high electricity consumption. Often this energy comes from burning fossil fuels, which causes great harm to the environment. There are two ways out of the situation: either using green energy or switching to PoS en masse. Recently, Bloomberg reported that electricity consumption…

Breaking crypto news from the last week (Oct. 2 – 8, 2021): 02 Oct.: The Global DeFi Adoption Index showed an 880% increase in the usage of DeFi. However, crypto is not so close to becoming mainstream as some developed markets become reluctant on the crypto market. 03 Oct.: Dubai Police has teamed up with…

Billionaire investor George Soros’ family office, Soros Fund Management, has invested in Bitcoin, according to Soros Fund CEO/CIO Dawn Fitzpatrick. Fitzpatrick told Bloomberg in an interview on Tuesday that, “From our perspective again, we own some coins, not a lot, and the coins themselves are less interesting than the use cases of DeFi and things…

Shiba Inu continues its impressive performance with another massive surge of over 60% in a day. Moreover, SHIB is up by over 300% in the past week, becoming the top 20 coins by the market cap, which reached $12 billion. Shiba Inu (SHIB) recently saw its price skyrocket and attracted the attention of many investors….

On Tuesday’s video conference with members of Congress that took place, Gary Gensler, Chairman of the US SEC, has stated that the regulator has no plans to ban cryptocurrency in the United States. During a four-hour hearing, Gensler fielded questions about cryptocurrency, stablecoins, the regulation of exchanges, and decentralized finance (DeFi). In response to Representative…

Bitcoin topped a $1 trillion market cap Thursday while the BTC price surged past $55,000. According to a Markets Insider report, US bank JPMorgan said in a note today that a range of factors may be fueling the rally, including institutional investor appetite, assurances that the US won’t ban BTC, and the recent rise of…

Coinbase has informed more than 6,000 customers that they have been hacked. The hackers used an unusual vulnerability in the SMS account recovery process, which gave them access to personal information and wallets. The American crypto exchange already said that all customers affected will have the stolen assets refunded automatically. According to the letter posted…

Slovenia plans to mint national NFT tokens as gifts at Crypto Expo Dubai, banking on the growing crypto craze. The country’s world’s first promo experiment aims to boost tourism to Slovenia. Slovenia is set to make an impression as a crypto-friendly nation at Dubai’s upcoming mega-event. The country will become the world’s first nation to…