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Surveyed Central Bank Reserves Managers Say Inflation is Not ‘Transitory’, Likely to Remain High
7.7.2022
Only 20% of surveyed central bank reserves managers still say that inflation will be “transitory,” as the US Federal Reserve (Fed) and other central banks insisted was the case until recently. Meanwhile, close to half of the managers say inflation is likely to remain elevated, per the latest...
Short Bitcoin ETF Sees Higher Trading Volume Last Week as Longs Liquidated
7.7.2022
The recently-launched short Bitcoin (BTC) exchange-traded fund (ETF) BITI saw higher trading volumes last week compared to its launch week. The peak in volume so far happened as liquidations of leveraged bitcoin long positions reached its highest in close to two weeks....
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Pressure on SEC Chair Rises as Even WSJ Accuses Gensler of ‘Holding Investors Hostage’ with Bitcoin ETF Stance
7.7.2022
The US Securities and Exchange Commission (SEC) Chairman Gary Gensler is “taking investors hostage” with his insistence to deny spot Bitcoin (BTC) exchange-traded products (ETPs) and exchange-traded funds (ETFs) to launch in the US, the influential Wall Street Journal said in its editorial piece....
Bitstamp Drops Inactivity Fee Following Massive Backlash From Community
7.7.2022
Luxembourg-based crypto exchange Bitstamp has abandoned plans to charge a monthly fee on inactive users with low balances after massive backlash from the community.
The exchange announced today that they are scrapping the idea, saying:
"After listening to our community’s response, we’ve changed...
Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’
7.7.2022
Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth...
Bitcoin and Ethereum Inch Higher, SAND and RUNE Outperform
7.7.2022
Bitcoin price is trading well above the USD 19,500 support zone. BTC even tested the USD 20,500 level. It is currently (03:51 UTC) trading near USD 20,400 and is up around 2% in a day and a week.
Similarly, most major altcoins are also moving higher. ETH tested USD 1,200 while XRP is fluctuating...
Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report
6.7.2022
There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE.
In...
Voyager Digital Files for Bankruptcy
6.7.2022
Voyager Digital Holdings, the US-based operator of a crypto platform Voyager Digital, and two affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, per Stretto, a bankruptcy specialist, data.
Both estimated liabilities and assets are in...
Bitcoin and Ethereum Fluctuate, CEL Keeps Dropping
6.7.2022
Bitcoin price stayed above the key USD 18,800 support zone and settled above the USD 19,500 level, but it is struggling to settle above the USD 20,500 zone. It is currently (03:49 UTC) trading near USD 19,900 and is down 2% in a day and a week.
Similarly, most major altcoins remain supported....
Spanish Police Spends USD 115K on Crypto Monitoring Technology to Fight Drug Smuggling
6.7.2022
The Spanish police force has announced that it will invest in tech platforms that will help officers catch drug traffickers who make use of cryptoassets.
According to El Español, officers who patrol the Strait of Gibraltar – the waters that wash Morocco, Spain, and Gibraltar – have spent almost...
One Exchanges Stands Out as Indian Crypto Trading Drops Following New Tax
5.7.2022
Crypto trading volumes on major Indian exchanges saw a notable decline on July 1 compared to the day before, after a new 1% tax on all crypto transactions was implemented in the country. However, one exchange still stood out as a winner, with trading volumes rising.
According to trading data from...
Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules
5.7.2022
Crypto industry insiders have hit back at the Spanish government’s latest plans for the sector: A fresh effort to make citizens who hold coins on overseas platforms declare their holdings....
Read More: Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules
NFT Stamps and Use Cases, Crypto Taxation in UK, Frozen USD 85M + More News
5.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: NFT Stamps and Use Cases, Crypto Taxation in UK, Frozen USD 85M + More News
Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’
5.7.2022
Singapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO).
The news was announced by Vauld CEO Darshan Bathija today, stating that the exchange has signed “an indicative term sheet” with Nexo to buy “up to 100% of Vauld.”
The CEO added that,
“The completion of this...
Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
5.7.2022
Crypto turmoil continues to deepen in the bear market, with more Celsius-related developments, another crypto loans firm introducing restrictions, and more activity from Three Arrows Capital (3AC) – which appears to have moved some of its funds.
Celsius, which operates the celsius (CEL) token...
Bitcoin Returns Above USD 20K, Ethereum Rallies, CEL Keeps Outperforming
5.7.2022
Bitcoin price remained well bid above the USD 18,800 support zone and started a fresh recovery wave above the USD 20,000 resistance zone. It is currently (04:09 UTC) trading near USD 20,300 and is up 6% in a day and down 2% in a week.
Similarly, most major altcoins gained pace and recovered some...
Cautious Bullishness in Bitcoin & Crypto Amid Warnings of Further Downsides
4.7.2022
The crypto market saw modestly higher prices on Monday, despite warnings from analysts and institutional investors that the market could fall further as contagion from recent insolvencies continues to spread.
As of Monday at 16:17 UTC, bitcoin (BTC) traded at USD 19,819, up 4% for the past...
Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
4.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
Peter Schiff Gets an Unexpected Lesson in the Benefits of Bitcoin as Banking Woes Bite
4.7.2022
The arch-Bitcoin (BTC) skeptic Peter Schiff has experienced problems with the traditional international banking system – giving BTC advocates the opportunity to tell him that his struggles could have been avoided had he made use of bitcoin.
Schiff has become infamous in the world of crypto...
Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading
4.7.2022
Singapore-based crypto exchange Vauld is the latest crypto platform to suspend all withdrawals, deposits, and trading citing "financial challenges" amid lingering sour market conditions....
Read More: Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading