After heated US inflation figures, Bitcoin leads all cryptocurrencies lower.

As hitting a three-week high, Bitcoin immediately fell after US inflation statistics came in worse than many traders had anticipated. Other prestigious cryptocurrencies also decreased. After consumer price index, or CPI, inflation data came in hotter than anticipated, there was a fresh expectation that the US Federal Reserve would adopt a more restrictive US monetary … Read more

To comply with US regulators, the cryptocurrency trading website Abra will open a real bank

cryptocurrency trading website Abra will open a real bank

The cryptocurrency trading system Abra said that it was building a state-chartered financial institution in the US that would let users amass digital goods. Abra claimed in a statement on Monday that the bank, now known as Abra Bank, will be authorised to continue functioning in the United States and, as a result, will permit … Read more

US Senators are interested in what Meta is doing to combat cryptocurrency scams.

Six eminent United States Senators are pressuring Meta Platforms, the Mark Zuckerberg-led social media corporation, to reveal its policies for handling cryptocurrency scams on its platforms. The Senators asked for particular information about “Meta’s efforts to prevent cryptocurrency scams on its social media platforms, including Facebook, Instagram, and WhatsApp,” in a letter they sent to … Read more

Cryptocurrency

cryptocurrency

Cryptocurrency is a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrency is decentralized, meaning it is not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and … Read more