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S&P Global Finds Ties Between Crypto and Macroeconomic Changes in Latest Report
11.5.2023
Cryptocurrency is still tied to the effects of macroeconomic changes despite drivers such as technology and market sentiment, according to S&P Global’s latest report.
The authors of that US-focused report looked into how monetary policy affects crypto, whether a perception of a possible recession...
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...
Robinhood's Q1 crypto revenue drops 30% from the previous year
11.5.2023
The money coming in for the trading app's crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022
IRS claiming $44B from FTX bankruptcy: Report
10.5.2023
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
10.5.2023
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external...
$176M of Do Kwon's assets are frozen: Report
10.5.2023
The frozen assets include an apartment complex, an officetel, several imported cars, and various financial assets
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
10.5.2023
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week....
Bitcoin Price Prediction: What Can We Expect from the Imminent CPI Report?
10.5.2023
As we delve into Bitcoin price predictions, the forthcoming Consumer Price Index (CPI) report looms large, raising questions about its potential impact on the cryptocurrency market.
This key economic indicator has historically influenced market trends, but what can we specifically anticipate...
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
9.5.2023
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022
XRP Price Prediction as Ripple Publishes New Report on The Future of Central Bank Digital Currency – What's Going On?
9.5.2023
The XRP price has dropped by 2.5% in the past 24 hours, falling to $0.425150 as the cryptocurrency market as a whole declines by 1%.
This dips means that XRP has fallen by 8.5% in the past week and by 16% in the last 30 days, although the altcoin remains up by 25% since the beginning of...
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
8.5.2023
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred
Crypto remains hopeful as market moves sideways: Report
8.5.2023
BTC continues to trade in a narrow range, and memecoins steal the limelight from NFTs as views on the macroeconomic outlook diverge
China issues first arrest over fake news created with ChatGPT: Report
8.5.2023
Alleged fake news poster becomes first person in China arrested for using artificial intelligence platform ChatGPT
Biggest Movers: XRP, SOL Move 5% Lower to Start the Week
8.5.2023
Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known...
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
8.5.2023
Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin...
Tencent-backed Everledger collapses amid lack of funding: Report
8.5.2023
Everledger was quietly placed into insolvency after it didn't manage to materialize its planned funding round from an undisclosed investor
Ripple's Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report
8.5.2023
The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit
Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report
8.5.2023
Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt
New Report: Despite Crypto Ban, Chinese Citizens Trade on Binance and FTX Exchanges
8.5.2023
Beijing has said 'no' to crypto, but that doesn't seem to affect a number of Chinese citizens who have continued trading digital coins since the ban - reportedly, on exchanges including Binance, FTX, OKX, and Huobi.
According to a Bloomberg report, some portion of the country's 1.4 billion...
South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report
8.5.2023
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits