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Bitcoin and Ethereum Reverse Gains, Altcoins Dip
11.7.2022
Bitcoin price failed to clear the USD 22,500 zone and started a fresh decline. It is currently (04:10 UTC) trading near USD 20,500 and is down over 3% in a day, but is still up over 6% in a week.
Similarly, most major altcoins trimmed gains. ETH is now trading well below the USD 1,200 zone. XRP...
Twitter Says It Won't Let Elon Musk Go as 'Dogecoin CEO' Terminates Deal
9.7.2022
A major legal battle, involving the crypto community's preferred social media platform Twitter, and Dogecoin (DOGE) advocate, Tesla's Elon Musk, is in the works.
After the serial entrepreneur said he's terminating his agreement to buy Twitter in a USD 44bn deal, the company vowed to fight...
Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners
9.7.2022
Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.
The Financial Times claimed that American “diplomats” believe “several” Japanese crypto exchanges are “still running in Russia,” according to unnamed “people close...
Bitcoin Outperforms Gold by Wide Margin After Strong Week
8.7.2022
Bitcoin (BTC) finally outperformed gold by a wide margin this week, after a long period where gold has performed significantly better than its digital cousin.
The outperformance of gold by bitcoin came during what has been a strong week for the digital currency, which has moved from just over...
Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
8.7.2022
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: Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
Analysts Discuss 'Inherent Resilience' in Bitcoin & Crypto as Rally Fades
8.7.2022
Major cryptoassets gave back some of their previous gains in early European trading on Friday after a strong overnight session that briefly sent bitcoin (BTC) above the USD 22,000 mark, helped by improving risk sentiment on Wall Street on Thursday. Despite the losses in early trading, the coin...
Bitcoin's USD 22,000 Test Fails, Ethereum Consolidating, MATIC Holding Gains
8.7.2022
Bitcoin price started a major increase above the USD 21,500 resistance zone. BTC even tested the USD 22,500 resistance before there was a downside correction. It is currently (11:49 UTC) trading around USD 21,600 and might attempt another increase.
Similarly, most major altcoins are eyeing more...
Moscow Exchange Should Launch a Crypto Trading Platform, Says Top Russian Politician
8.7.2022
The chief architect of Russia’s crypto legislation has argued that the Moscow Exchange (MOEX) should develop a crypto trading arm – albeit one that operates under the strict purview of the country’s Central Bank.
Per the news agency Interfax, Anatoly Aksakov, the head of the State Duma’s Financial...
US Treasury Develops Framework For Path Towards International Crypto Regulations
8.7.2022
While the US authorities are intensifying work on developing crypto regulations, the country’s Department of Treasury has presented to President Joe Biden a framework to facilitate international cooperation on introducing such regulations and standards at the international level.
This is arguably...
Mt. Gox Trustee Moves Closer to Pay-Out, Asks Creditors for Payment Details
8.7.2022
The trustee holding what is left after the infamous collapse of the early crypto exchange Mt. Gox is moving closer to a pay-out, asking creditors how they would like to get paid, according to a new letter.
In the letter, dated July 6, Mt. Gox’s Japanese trustee, Nobuaki Kobayashi, has asked...
Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More
8.7.2022
The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.
Here’s a round-up of the latest happenings in...
Bitcoin Tests USD 22K, Ethereum Accelerates, XRP Clears Hurdle, MATIC and AAVE Rally
8.7.2022
Bitcoin price started a stronger increase above the USD 20,500 resistance zone and even climbed above the USD 22,000 level. It is currently (04:57 UTC) trading near USD 22,100 and is up 8% in a day and 13% in a week.
Similarly, most major altcoins started a decent increase. ETH was able to clear...
South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors
8.7.2022
A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says that crypto exchanges should foot the bill.
News1 reported that Kim Byung-wook, an MP for the opposition Democratic Party, told a group of blockchain...
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....
Read More: Short Bitcoin...
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...