The Latest Breaking News from Bitcoin

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy.

Bangkok-based Bitkub Capital Group Holdings Co has been in talks with prospective local partners in Southeast Asia regarding plans to expand beyond Thailand next year, says founder and group chief executive Jirayut Srupsrisopa.

Crypto News Weekly Wrap-Up: Catch up on the top headlines from the past week

A Web 3 veteran veteran shares five things that must happen for Web3 to recover and build back trust.

More than 200,000 potential victims in the UK alone have been directly targeted through fraud website

Scotland Yard shuts down iSpoof website, which helped scammers steal using fake bank phone calls

The crypto market has witnessed a steep decline this year with investors’ declining appetite for high-risk/high-return assets amid the rising interest rates. As cryptocurrencies are expected to remain under pressure, it could be wise to steer clear of crypto-focused stocks Block (SQ), Coinbase Global (COIN), and Riot Blockchain (RIOT). Read…