Bitcoin News

The Central Bank of Bahrain (CBB) has issued a license to CoinMENA, a new crypto exchange preparing for its launch, allowing the business to offer its services across the region in compliance with the Sharia law. CoinMENA aims to make its platform available in Bahrain, as well as the UAE, Saudi Arabia, Kuwait, and Oman.

A constitutional lawyer has questioned the legality of El Salvador President Nayib Bukele’s bid to make bitcoin (BTC) legal tender alongside the United States dollar.

Large South Korean companies are pouring money into crypto and blockchain startups, media outlets have noted – while the nation’s market-leading crypto exchange is set to make a sports investment of its own.

Six Coinbase users are taking the crypto exchange giant to court to seek more than USD 5m in compensation for themselves and other users who were allegedly locked out of their accounts for several months or longer at a time.

Not only has bitcoin (BTC) proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing the token’s link with cyclical assets, according to JPMorgan Chase & Co. cross-asset strategists.

An increasing number of Australian small and medium-sized enterprises (SMEs), even accounting firms, are investing in cryptoassets, following examples of Tesla and MicroStrategy, according to local crypto exchange Swyftx.

Bitcoin price gained bullish momentum and it even spiked above USD 32,500. Ethereum surpassed USD 2,000, XRP surged above the USD 0.55 resistance. MATIC, TEL, and AXS gained over 23%.

A Messari-organized event allegedly saw unwelcome – and unticketed – regulators crash the party to serve a crypto speaker with a subpoena.

Miners did send more to exchanges at the end of last week, but so did others, stated Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggest that miners did not drive further price declines. Meanwhile, most of the bitcoin (BTC) and ethereum (ETH) sellers in the "awful" past week were recent investors.

Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes.