cryptocurrency Senate Proposes New Framework to Regulate Cryptocurrencies and Stablecoins Lawmakers introduce a new legislative plan to bring oversight to the volatile crypto market. The proposed regulations focus heavily on stablecoins and clearly define which digital assets count as securities.
coinbase Coinbase Trims 18% of Staff Amid Impending Crypto Winter Cryptocurrency exchange Coinbase lays off roughly 1,100 employees as CEO Brian Armstrong warns of a prolonged market downturn and an over-hired workforce. The move mirrors broader struggles across the digital currency industry.
bitcoin Bitcoin Plunges Below $23,000 as Crypto Market Cap Drops Under $1 Trillion Bitcoin falls to its lowest level since December 2020 amid broader risk asset sell-offs and fears sparked by Celsius freezing customer withdrawals.
american express American Express Partners With Abra to Launch Crypto Rewards Credit Card American Express is teaming up with crypto platform Abra to introduce a new credit card that lets users earn cryptocurrency rewards on everyday purchases. The card aims to attract both crypto veterans and newcomers by offering a simple entry point into digital assets.
cryptocurrency Crypto Leaders Predict Massive Industry Shakeout Amid Market Crash Cryptocurrency executives at the World Economic Forum predict a massive market consolidation that leaves only a handful of surviving digital currencies. Meanwhile, global regulators increase their focus on stablecoins following the recent terraUSD collapse.
cryptocurrency Canadian Lawsuit Freezes Crypto Wallets Tied to Freedom Convoy Ottawa residents win an unprecedented legal order to freeze cryptocurrency wallets and bank accounts linked to Freedom Convoy organizers.
bitcoin Canadian Truckers Turn to Bitcoin After GoFundMe Freezes Millions After GoFundMe freezes $8 million in donations for the Canadian trucker convoy, a group of Bitcoin advocates steps in to provide a censorship-resistant funding alternative. The crypto crowdfunding campaign quickly gains traction among major digital currency supporters.
china China Officially Bans All Cryptocurrency Transactions and Mining Operations China declares all cryptocurrency-related transactions illegal and bans foreign exchanges from serving its citizens. Ten government agencies collaborate to enforce a sweeping crackdown on trading and mining.
china China Central Bank Declares All Cryptocurrency Activities Illegal China's central bank officially labels all cryptocurrency activities illegal and vows a harsh crackdown on the industry. The announcement causes immediate drops in bitcoin and ethereum prices.
china China Officially Bans All Cryptocurrency Transactions China's central bank declares all cryptocurrency transactions illegal, citing risks to the financial system and criminal activity. The move supports the government's push for a state-controlled digital yuan.
china China Officially Bans All Cryptocurrency Transactions China declares all cryptocurrency-related transactions illegal, expanding its crackdown on digital assets. The move targets both domestic and overseas crypto exchanges offering services to Chinese residents.
bitcoin El Salvador Becomes First Nation to Adopt Bitcoin as Legal Tender El Salvador makes history by recognizing bitcoin as official legal tender, offering citizens free cryptocurrency to encourage adoption. The move sparks questions about what legal tender status truly requires of businesses.
bitcoin El Salvador Makes History as First Nation to Adopt Bitcoin as Legal Tender El Salvador officially recognizes bitcoin as legal tender alongside the US dollar, allowing citizens to use the cryptocurrency for everyday purchases and taxes. The historic rollout faces technical hurdles and significant international criticism.
china China Expands Cryptocurrency Ban to All Domestic Transactions Ten Chinese government authorities officially declare all cryptocurrency transactions illegal, including services from offshore exchanges targeting citizens. The sweeping ban causes an immediate drop in global bitcoin prices as the nation cracks down on what it views as volatile and risky assets.
china China Cracks Down on Cryptocurrency Transactions and Mining Operations China issues a comprehensive ban on all cryptocurrency transactions and mining to combat financial crimes and reduce severe environmental impacts.