Cryptocurrency markets remain spooked by concerns over the impact of several leading social media websites banning related advertisements on their platform. Bitcoin fell below $8,000 as Twitter was reportedly going to implement the policy on Tuesday. An options exchange has argued in favor of Bitcoin exchange traded funds. And an internet giant in Japan is planning to set up a cryptocurrency exchange.
Here is a wrap up of the main news from the cryptocurrency and blockchain space over the last 24 hours.
Twitter To Ban Crypto Ads; Bitcoin Drops Below $8000
Twitter Inc. will start banning cryptocurrency-related advertising from its website effective Tuesday, Reuters reported. Following the news, the value of bitcoin fell below $8000. Other major cryptocurrencies were also on the decline. The social media giant's new ad policy follows that of Google and Facebook in their efforts to crackdown scams to protect investors from fraud. Read more...
Cboe Asks SEC To Allow Bitcoin ETFs
Cboe Global Markets, Inc., an exchange holding company, urged the US Securities and Exchange Commission not to stand in the way of Bitcoin exchange-traded-fund or ETFS coming to market, noting that they are similar to other commodity-based ETFs. In an open letter, Chris Concannon, president and COO of the Cboe, said, "Cboe encourages the Commission to approach Cryptocurrency ETPs holistically and from the same perspective that it has historically approached commodity-related ETPs." Read more...
Yahoo Japan To Launch Crypto Exchange Next Year: Report
Yahoo Japan, which dominates the Japanese internet, is reportedly planning to establish itself in the cryptocurrency business by taking a stake in a bitcoin exchange. The Nikkei Asian Review reported that the company is set to acquire a 40 percent stake in the bitcoin exchange BitARG Exchange Tokyo via its foreign exchange business unit YJFX for about 2 billion yen, and then launch a full-fledged crypto exchange in April next year or beyond. Read more...
Tradewind Unveils Digital Gold Trading Platform On Blockchain
Tradewind, a digital solutions provider for precious metal trading, launched a blockchain-powered gold trading and settlement platform which aims to make transactions quick and easy. The New York-based company founded in 2016 is backed by the stock exchange operator IEX, precious metals asset manager Sprott Inc. and one of the leading gold producers, Goldcorp Inc. Read more...
Tennessee Securities Regulator Warns Against Bitcoiin B2G
Tennessee securities regulator has warned consumers in the state against the cryptocurrency investment company Bitcoiin B2G (Bitcoiin2Gen), which is alleged to have promoted the sale of unregistered securities in the State of New Jersey. Bitcoiin has nothing to do with Bitcoin, the largest digital currency. The New Jersey Bureau of Securities had on March 7 issued a cease-and-desist order to an initial coin offering (ICO) by Bitcoiin. Read more...
IRS Reminds Taxpayers To Report Cryptocurrency Transactions
As the last date for filing income tax returns approaches, the Internal Revenue Service (IRS) has reminded taxpayers to also report income from virtual currencies while filing their returns. The IRS has warned tax payers of serious consequences for non filing. As per the IRS guidelines for reporting digital asset gains, virtual currency, also known as digital currency, is treated as property for U.S. federal tax purposes. General tax principles applicable to property transactions apply to transactions using virtual currency. Read more...
Current Prices
As of 6.55 am ET on Tuesday, Bitcoin was down 3.42 percent at $8,007.06 and Ethereum was lower by 8.51 percent at $464.73 on Coinbase.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.