Author: Jonathan Ponciano, Forbes Staff

Mastercard Debuts New Partnership To Help Banks Offer Crypto Credit Card Rewards

Forbes

Topline Credit card giant Mastercard announced a partnership Monday morning that will enable its network of partners—including banks and merchants—to offer cryptocurrency credit card rewards and products, expanding access to digital assets as ongoing institutional adoption helps lift the crypto Read More

Crypto Markets Wipe Out $150 Billion In Value Within Hours Of China’s Latest ‘Bitcoin Ban’—What’s Next?

Forbes

Topline In yet another testament to the nascent market’s extreme volatility, cryptocurrency prices tumbled Friday morning after China’s central bank reiterated a sweeping ban on digital asset transactions, prompting some experts to warn the harsh rhetoric may encourage more nations Read More

Solana’s Market Value Plunges $20 Billion After Outage—Is This Good For Ethereum?

Forbes

Topline Though it’s been one of the year’s fastest-appreciating cryptocurrencies, Solana’s sol token has given up much of its massive gains this week, plunging more than 35% from last week’s record high following a network outage that some experts believe Read More

El Salvador Taps Billionaire-Backed Bitcoin Unicorn In Historic Legal Tender Debut

Forbes

Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador. © 2021 Bloomberg Finance LP ElSalvador is making history Tuesday by becoming the first sovereign government to use bitcoin as Read More

Solana Leads Massive Altcoin And Bitcoin Rally As JPMorgan Warns Crypto Markets Are Looking Bubbly Again

Forbes

Topline Amid looming fervor over El Salvador’s historic bitcoin adoption measure, the cryptocurrency market rallied to its highest level in nearly four months on Monday afternoon, with a slew of so-called altcoins (or cryptocurrency alternatives to bitcoin and ether) surging Read More

Solana Overtakes Dogecoin As Ethereum Price Hits $4,000 For First Time Since $1 Trillion Crypto Crash

Forbes

Topline Cryptocurrencies leading the market for blockchain-based smart contracts—the self-executing agreements underpinning the buzzy digital collectibles known as non-fungible tokens—led a stunning Friday rally as the fervor around NFTs showed no signs of abating, lifting the price of ether past Read More

Crypto Markets Rally: Cardano Surges To New High As Bitcoin And Ether Hit Highest Prices Since $1 Trillion Crash

Forbes

Topline Following weeks of pent-up price momentum, cryptocurrencies rallied Thursday morning amid growing fervor for the buzzy blockchain-based digital collectibles known as non-fungible tokens and ongoing institutional adoption—boosting the market to levels unseen since a flash crash in May wiped Read More

Solana Skyrockets To New High—Amassing Nearly $40 Billion In Market Value As Competition With Ethereum Heats Up

Forbes

Topline Though the broader cryptocurrency market was virtually flat Tuesday, nascent token Solana tacked on to an explosive rally, hitting a new all-time high above $130 thanks to growing investor fervor around the Ethereum competitor’s platform, which also supports the Read More

Cardano’s Ada Surges To New High, Becoming Biggest Cryptocurrency To Hit Record Price After $1 Trillion Crash

Forbes

Topline While the broader cryptocurrency market took a breather, Cardano’s ada extended a stunning weeks-long rally early Friday morning, soaring 10% in a matter of hours as trading volume in the token, which last week became the world’s third-largest cryptocurrency, Read More

Crypto Hacker Returns $258 Million After Stealing $600 Million, Solicits Donations For ‘Hacking For Good’

Forbes

Topline In an unusual twist for the one of the largest cryptocurrency heists ever, a hacker who stole more than $600 million in tokens from blockchain-based platform Poly Network started sending back the stolen funds Wednesday after a slew of Read More

Crypto Exchange BitMex To Pay $100 Million To Settle Claims Of Illegal Trading And Anti-Money Laundering Violations

Forbes

Topline Cryptocurrency exchange BitMex, one of the world’s largest trading platforms for crypto derivatives, said Tuesday it will pay a $100 million penalty to settle civil charges with the Commodities Futures Trading Commission and Financial Crimes Enforcement Network, resulting in Read More

Senators Strike Deal With Treasury On New Crypto Tax Reporting Rules After Lawmakers, Billionaires Push Back—But Will A Vote Happen?

Forbes

Topline A bipartisan group of five Senators on Monday announced they struck a deal with the Treasury Department to overhaul and clarify newly proposed cryptocurrency tax-reporting requirements included in the Senate’s $1.2 trillion infrastructure bill, marking a massive win for Read More

SEC Charges Crypto Execs For Allegedly Fraudulent $30 Million Offerings In First Case Against This Booming $100 Billion Space

Forbes

Topline After warning this week of enhanced regulatory scrutiny to come, the Securities and Exchange Commission on Friday levied its first charges in the booming decentralized finance space, charging two Florida men and their Cayman Islands company for allegedly selling Read More

Ethereum Spikes After New Upgrade As Its Crypto Market Dominance Gains An Edge On Bitcoin

Forbes

Topline Ether surged Thursday after the long-awaited launch of a software upgrade meant to help the cryptocurrency transition to a more environmentally friendly blockchain network—a development that alongside surging mainstream adoptions has helped the world’s second-largest cryptocurrency far outperform larger Read More

Senators Propose Change To New Crypto Rules For Tax Reporting—Here’s Who Would Be Affected

Forbes

Topline Sens. Pat Toomey (R-Pa.) and Ron Wyden (D-Ore.) introduced an amendment Wednesday to overhaul newly proposed cryptocurrency tax-reporting requirements included in the Senate’s infrastructure bill by clarifying the types of companies forced to hand over transaction information to the Read More

Bitcoin’s Biggest Corporate Investor Posts $299 Million Loss After Crypto Crash—But Billionaire CEO Says He’s Not Backing Down

Forbes

Topline Business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, posted its biggest loss ever Thursday as a result of the cryptocurrency’s massive crash last quarter, but the company’s longtime CEO Michael Saylor said Read More

Sen. Warren Says Crypto Could Solve Big Banks’ ‘Enormous Failure’ Of Not Serving Millions Of Low-Income Americans

Forbes

Topline Sen. Elizabeth Warren (D-Mass.), a vocal advocate for more regulation of nascent cryptocurrencies, said Wednesday digital currencies—and particularly those issued by central banks—could help introduce the millions of of low-income Americans who’ve long gone without bank accounts to the Read More