El Salvador's big bet on bitcoin has soured as a crypto rout shaved over a third of the value of the government's holdings, Reuters calculations show.
Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday.
Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.
Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into free fall.
Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey.
Blockchain technology promises to remove any intermediaries like banks between the borrower and lender and allows them to trade directly with each other.
An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out.
The crypto world has been riveted by the rapid collapse of the TerraUSD stablecoin. But its implosion may bring about something just as noteworthy: the death of a major blockchain.
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.
Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the "Future of Finance", the world's largest cryptocurrency asset manager said in a statement on Monday.