Crypto markets have responded negatively to the Fed rate cuts as Bitcoin and altcoins drag investors’ losses further.

Bitcoin and the overall cryptocurrency market fail to deliver as cryptocurrency markets writes off several billion dollar losses on Thursday.

All of the top ten cryptocurrencies have collapsed anywhere between 25-30% as over $20 billion have been wiped out of the crypto market in a single day.

The French court said that the Bitcoin loan can be treated as a consumer loan in a legal tender. It referred to Bitcoin as a fungible and consumable intangible asset.

The Congressman’s bill aims to classify cryptocurrencies in three different categories each governed by the respective regulatory body.

Samsung SDS has announced that it is working on an EU-targeted blockchain settlement system for banks and merchants.

The BIS said that central banks needs to weigh all the associated risks and challenges before getting their CBDCs in the market.

Some of the industry sources reported that Facebook’s Calibra wallet will likely support other currencies like EURO and USD instead of its native cryptocurrency Libra.

The Supreme Court of India has finally decided to lift ban on cryptocurrency trading in the country citing prolonged indecision of the policymakers.

The Wall Street banking giant said that with several regulated Bitcoin derivative products coming to the market, the institutional interest and participation continues to rise.

The CFTC will discuss all the financially viable aspects with stablecoin projects and discuss how they fit into the U.S. economy.

While the traditional markets were bleeding on the virus outbreak, the crypto markets failed to seize the opportunity and instead lost $50 billion in the last week.

The BoE officials said that if the central banks don’t participate in the digital innovation, they might lose the digital payments market to the financial players.

YouTube carries out yet another purge of cryptocurrency-related channels, by banning content creators, deleting videos and demonetizing content.

As part of a further crackdown on investors evading crypto taxes, the IRS is conducting a policy summit by inviting cryptocurrency companies and experts.

The securities regulator ESMA said that the BigTech companies can use their technological prowess to dominate the financial services market.

An official statement from the Malta Financial Services Authority (MFSA) read that Binance doesn’t have an operating license in Malta. This took the entire crypto industry to surprise

A partnership with Visa will possibly give Coinbase access to several other global customers as well as significantly enhance their customer services.

The Bank of Korea is reportedly working on a blockchain-based bond system for the ownership, transfer, allocation and management of government bonds.

Wright claimed absolute rights over the Bitcoin original code and its whitepaper and said that he would drive the developers of Bitcoin core to the courts.