cryptocurrency

Latest news and articles about cryptocurrency from NEX English

Bitcoin price drops below $73,000 despite Trump support

Bitcoin has seen a slight decline, falling below <strong>$73,000</strong>, amid former President Donald Trump's ongoing efforts to support the <strong>CLARITY</strong> Act. These developments indicate a diminishing impact of pro-cryptocurrency messages from Washington on the market.

CFTC seeks to overturn ruling against Gemini cryptocurrency platform

The U.S. Commodity Futures Trading Commission (CFTC) is pursuing the reversal of a previous ruling against the Gemini cryptocurrency platform, raising questions about the motivations behind this decision. This move follows a $5 million fine imposed on the platform.

Bitcoin Investors Sell Off Amid Price Recovery

The cryptocurrency market, particularly Bitcoin, has experienced a wave of intense selling by investors as prices begin to recover after a sharp decline. This trend reflects growing concerns among investors about the sustainability of the recovery.

Significant Progress for Cryptocurrency Industry with Clarity Act Approval

The cryptocurrency sector achieved a crucial victory after the U.S. Senate Banking Committee approved the Clarity Act, the first comprehensive legislation for this emerging industry. The bill passed with a vote of 15-9, with some Democrats joining Republicans in support.

UAE Grants License to Crypto.com as First Central Bank-Approved Crypto Firm

The United Arab Emirates has granted a license to Crypto.com, making it the first cryptocurrency company to receive approval from the UAE Central Bank. This decision is part of the country's efforts to enhance its position as a global financial technology hub.

Coinbase lays off 14% of employees amid restructuring efforts

Coinbase, a leading cryptocurrency trading platform, has announced the layoff of 14% of its workforce as part of a comprehensive restructuring plan aimed at addressing market volatility and enhancing the use of artificial intelligence to improve efficiency.

Raise $1 Billion to Support Startups in Cryptocurrency Sector

Katie Han announced on Monday the successful raising of <strong>$1 billion</strong> through new funds aimed at supporting startups in the <strong>cryptocurrency</strong> and <strong>blockchain</strong> sectors. This announcement comes at a time when the market is witnessing increased interest in investing in these areas.

American Bitcoin Reduces Losses Amid Market Volatility

American Bitcoin, backed by two sons of former U.S. President Donald Trump, reported a significant reduction in losses during the first quarter of this year. This improvement reflects the company's financial performance amidst substantial fluctuations in the cryptocurrency market.

Coinbase Cuts Workforce by 14% Amid AI Impact

Coinbase, one of the largest cryptocurrency trading platforms, announced a 14% reduction in its workforce due to rapid technological advancements, particularly in artificial intelligence. This decision comes as the markets face significant economic volatility.

Shift Towards Private AI Companies in Digital Markets

Financial markets are witnessing a significant shift towards investing in private artificial intelligence companies. Cryptocurrency platforms are now offering new investment opportunities for individual investors, reflecting the growing interest in AI as a leading technological trend.

North Korea Rejects US Claims of Cyber Crimes as Ridiculous

On Sunday, North Korea dismissed US accusations of cyber crimes attributed to it, labeling them as 'ridiculous fabrications.' This comes as a UN committee estimated that cyber attacks linked to North Korea have stolen over $3 billion since 2017.

Launch Predictive Markets on Hyperliquid Platform to Challenge Competitors

Hyperliquid, a leading cryptocurrency exchange platform, has announced plans to introduce predictive markets. This move directly competes with platforms like Kalshi and Polymarket, highlighting the rapid growth of this sector.

Explore cryptocurrency as a new battleground between the US and Iran

As tensions rise between the United States and Iran, cryptocurrencies emerge as a new arena for conflict. Washington aims to restrict their use while Tehran exploits them to circumvent sanctions, reflecting a shift from traditional banking channels to a complex digital landscape.

Indonesia Includes Cryptocurrency Sector in National Classification

The Indonesian government has announced the inclusion of the cryptocurrency sector in the national classification of economic activities, reflecting its commitment to regulating this growing sector. This move aims to provide a clear legal framework for investors and enhance market innovation.

Trump Hosts Special Event for $TRUMP Cryptocurrency Investors

Former U.S. President Donald Trump is preparing to host a special event for investors of his cryptocurrency $TRUMP, despite its value plummeting by 80% since its launch. This initiative raises ethical questions surrounding cryptocurrencies amid significant market challenges.

Indodax Commits to Boosting Indonesia's Cryptocurrency Industry

Indodax, a leading digital asset trading platform in Indonesia, has announced its commitment to enhance the cryptocurrency industry in the country, focusing on market development in Bali. This announcement was made by CEO William Sutanto during a press conference in Jakarta.

European Union Imposes Ban on Russian Cryptocurrency Platforms

The European Union announced today a comprehensive ban on Russian service providers and platforms specializing in cryptocurrency trading. This measure is part of the 20th sanctions package imposed on Russia in response to the ongoing conflict in Ukraine.

Launch New Cryptocurrency to Honor Football Legend Maradona

The heirs of Argentine football legend Diego Maradona have announced the launch of a new cryptocurrency called Maradona Coin. This initiative aims to expand his sporting legacy and provide financial support for charitable projects.

Scammers Target Shipping Vessels in the Strait of Hormuz

Marisks reported that some shipping companies faced vessel delays in the Strait of Hormuz and received scam messages promising safe passage in exchange for cryptocurrency payments. This alarming trend arises amid escalating regional crises.

Launch Elite Trader Premier Program to Enhance Social Trading

KuCoin, the leading global cryptocurrency platform, has announced the launch of the Elite Trader Premier program aimed at enhancing the quality and transparency of social trading. This initiative allows users to identify trusted traders and learn their strategies directly.

Iran Imposes Fees on Ships Transiting Hormuz Strait During Ceasefire

Iran has announced the imposition of fees on ships passing through the Hormuz Strait during the current ceasefire, with payments required in cryptocurrency. This move aims to enhance control over maritime routes and ensure no weapons are transported.

Malaysian Police Uncover Cryptocurrency Fraud Network Targeting Italians

In a successful security operation, Malaysian police arrested 22 Chinese nationals at a fraudulent call center in Pajang Datok, targeting victims from Italy. This operation followed extensive investigations into cryptocurrency fraud.

Cryptocurrency Prices Surge Following Ceasefire Announcement

Cryptocurrency prices have seen a significant rise after U.S. President Donald Trump announced a temporary ceasefire with Iran. This development has increased investor appetite for high-risk assets, leading to a recovery in financial markets.

Bitmine announces increase in Ethereum holdings to 4.8 million tokens

Bitmine Immersion Technologies has reported a significant increase in its cryptocurrency holdings, reaching 4.8 million Ethereum tokens valued at approximately $7.1 billion. This announcement comes as the company prepares for its listing on the New York Stock Exchange starting April 9, 2026.

Binance Implements Major Compliance Team Changes After Guilty Plea

Binance, one of the largest cryptocurrency exchanges, has announced significant changes to its compliance team following its guilty plea regarding violations of U.S. sanctions and money laundering laws. This move is part of the company's efforts to rebuild its operations and improve its market reputation.

Indonesia Records Historic Tax Revenue from Cryptocurrency

The head of Indonesia's Financial Services Authority revealed that the cryptocurrency industry has contributed <strong>1.96 trillion rupiah</strong> in taxes from 2022 to January 2026, highlighting its growing role in the national economy.

Strategy Inc. Reports $14.5 Billion Unrealized Loss in Q1

Strategy Inc., a leader in cryptocurrency investment, has reported unrealized losses of approximately $14.5 billion in the first quarter of 2023, attributed to a significant decline in the value of its cryptocurrency holdings. The company, led by Michael Saylor, faces substantial challenges in the volatile digital currency market.

Report $14.5 Billion Unrealized Losses for Strategy Inc.

Strategy Inc., a prominent cryptocurrency aggregation company, reported unrealized losses of approximately <strong>$14.5 billion</strong> during the first quarter of this year. This significant downturn is attributed to a sharp decline in the value of its Bitcoin holdings, led by <strong>Michael Saylor</strong>.

Coinbase Overcomes Major Regulatory Hurdle to Boost Stablecoin Business

Coinbase has received conditional approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, paving the way for the expansion of its payment services. This move aims to enhance its operations in the stablecoin sector.

Indonesia Sees Significant Decline in Cryptocurrency Transactions

Indonesia recorded a notable decline in cryptocurrency transactions in February 2026, with a total value of <strong>24.33 trillion rupiah</strong>, down from <strong>29.28 trillion rupiah</strong> in January. This decline is attributed to increasing global economic pressures.