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The $863B Crypto Market May Be Close to Bottom, Technical Indicator Suggests
14.7.2022
The Mayer Multiple helps investors identify oversold and overbought conditions by comparing the market value to the 200-day SMA
Plaid Adds Crypto Account Data From Binance.US, Kraken, Gemini to Open Banking Platform
14.7.2022
Plaid, an open-banking system that aggregates users’ financial information, said it’s extending its reach to include accounts on cryptocurrency exchanges, starting with Binance.US, Kraken and Gemini
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
14.7.2022
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC)....
No, Ukrainian Prosecutors Didn’t Just Seize 830kg of Silver from an OTC Crypto Gang – Here’s What Happened
14.7.2022
Reports that prosecutors in the Darnytskyi District of Kyiv, Ukraine, have recently busted a gang of over-the-counter (OTC) crypto brokers – who allowed individuals in Russia and areas under Russian control to swap silver, cash, and land for cryptoassets – appear to be somewhat wide of...
South African exchanges welcome the new 'crypto is financial asset' ruling
14.7.2022
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
14.7.2022
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector
Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030
14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...
Policy Body Representing India's Crypto EcoSystem Disbanded: Sources
14.7.2022
The move was announced Thursday in a video conference call with stakeholders of the industry and representatives of crypto exchanges
Mastercard partners with Indonesian crypto gateway to drive financial inclusion
14.7.2022
Navin Jain, an executive at Mastercard Indonesia, said that Mastercard will support Fasset’s efforts to drive financial inclusion in the country
Study: 14% of Saudis Are Crypto Investors, 76% Have Less Than One Year of Experience in Cryptocurrency Investment
14.7.2022
About 14% of Saudi residents are either current crypto investors or have traded crypto in the past six months, the latest Kucoin study has found. The study has also found that 76% of investors have less than one year of experience and thus may be in need of relevant crypto education. Crypto Winter...
State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market
14.7.2022
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial...
Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections
14.7.2022
Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate
EU Regulator Warns About Crypto — Questions Whether Many Will Survive
14.7.2022
European Securities and Markets Authority (ESMA) Chair Verena Ross says that the crypto market crash should be a “cautionary lesson” for investors. She noted that there is a “real question” about whether many crypto assets will survive. ESMA Chair on Crypto Risks...
Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473
14.7.2022
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s...
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
13.7.2022
Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve
UK Treasury Committee opens inquiry into crypto industry
13.7.2022
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...
Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
13.7.2022
Copper’s Series C round will value the company around $2 billion, according to two sources
South African Central Bank Reverses Course on Crypto Regulation
13.7.2022
South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo has said "our view has changed" from five or six years ago when there was "no intent on regulating this from a currency point of view" to regarding crypto "as a financial asset that we hope to regulate."
GameStop NFT Marketplace Earns $44,500 In Its First Day
13.7.2022
What’s more grim? That GameStop slashed headcount to cut costs right before launching an NFT marketplace, or that the NFT marketplace which the company spent millions on earned only an estimated $44,500 on its big debut? For those keeping score at home, that’s less than the price of a...