Bitcoin started Tuesday in the red, while Ethereum was moving higher as markets were relieved after the rumored SEC hearing on its status as an asset never took place. Boosting confidence was the news that new head of South Korea's financial market watchdog is likely to relax some regulation. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours. South Korea May Ease Cryptocurrency Regulations
The new head of South Korean financial regulatory agency has hinted that he will consider relaxing the country's cryptocurrency regulations. Yoon Suk-heun, who was confirmed as the new Governor of Financial Supervisory Service (FSS), was addressing a press conference in Seoul Tuesday when he shared his outlook on financial policies and cryptocurrency regulations. Read more...
Oracle To Offer Blockchain Products: Bloomberg
Oracle Corp., the second largest software company globally, will unveil its blockchain software starting this month, Bloomberg reported, quoting Thomas Kurian, Oracle president of product development. The company plans to introduce a platform-as-a-service blockchain product this month and decentralized ledger-based applications next month. Read more... Buffett, Munger And Gates Slam Bitcoin Again
Billionaire investor and Berkshire Hathaway CEO Warren Buffett, his confidant Charlie Munger and Microsoft co-founder Bill Gates damped the recent rally in cryptocurrencies with their renewed criticism. At the Berkshire annual shareholder meeting on Saturday, Buffett said that Bitcoin was "probably rat poison squared." Read more...
Australia's IOT Blockchain Signs Crypto Mining Deal With Royalti
Australian startup IOT Group said its unit IOT Blockchain Pty. Ltd has inked an agreement with mining hardware distributor Royalti Blockchain Group, BitFury's authorized Australian integrator and approved partner, to install BitFury's bitcoin mining hardware. In a statement, IOT said BitFury's servers in Australia will be housed at IOT's proposed Blockchain Applications Complex or BAC in the Hunter Valley. The is worth A$190 million, reports said. Read more...
Over 300 Websites Hacked Using Cryptojacking Software
More than three hundred websites running an outdated and vulnerable version of the Drupal content management system have been hacked with malicious software used to mine the cryptocurrency Monero. The latest high-profile cryptojacking incident was discovered by Troy Mursch, the security researcher behind the website Bad Packets Report. Read more...
Venezuela's Only 7-Star Hotel To Accept Payments In Petro
A landmark seven-star Hotel in the Venezuelan capital will receive payments for services in the country's national cryptocurrency, Petro. This was announced by Venezuelan President Nicolas Maduro as he inaugurated the revamped Hotel Humboldt in Caracas. Read more...
Tutorial: Crypto Lexicon - DYOR
DYOR is short for Do Your Own Research. The term means investors should study the details of a cryptocurrency such as the whitepaper, the people behind it, trading technicals, news and comments on the social media before putting their money on it. Read more...
Current Prices
As of 9.54 am ET on Tuesday, Bitcoin was down 1.63 percent at $9,113.01 and Ethereum was up 2.99 percent at $728.38 on Coinbase.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.