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From mining to software: China's regulatory crackdown on crypto continues
6.7.2021
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next?
Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud
6.7.2021
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which...
Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC
6.7.2021
Altcoins continue to move higher as Bitcoin trades in a predictable range but it’s still too early to know if the market is flashing any strong buy signals
ADA, DOGE overtake BTC as the most popular cryptos for US eToro users
6.7.2021
Bitcoin, the so-called king of cryptocurrencies, has seen its popularity decline among U.S.-based eToro users over the past 12 months. Despite more volatility, altcoins are growing in popularity
Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell
6.7.2021
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises...
EU Regulation May Harm Small Crypto Players, Stablecoin Users, And Elon Musk
6.7.2021
As the European Commission’s proposed Regulation on Markets in Crypto Assets (MiCA) is advancing through its first readings in the European Council and the European Parliament, a lawyer warns that it could make it more difficult for small players to enter the European Union’s crypto market. Other...
Backwardation in Bitcoin futures contracts shows pro investors lack confidence
6.7.2021
BTC traders are still searching for a bottom, but derivatives metrics show sentiment is negative and even the rally to $40,000 had little impact
$55 Billion Hedge Fund Firm Marshall Wace Planning Investments in Crypto Sector
6.7.2021
Hedge fund firm Marshall Wace, with $55 billion in assets, is reportedly gearing up to launch a portfolio investing in the crypto sector. London-headquartered hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported Tuesday. Founded by Sir Paul...
UBS Warns Of Regulation While Crypto Adoption Signs Keep Coming + More News
6.7.2021
Source: iStock/Rafael_Wiedenmeier
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Regulation news
Swiss banking giant UBS has warned its clients that regulatory crackdowns "could...
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
6.7.2021
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
6.7.2021
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett...
Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor
6.7.2021
The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire
India’s Finance Minister Says Crypto Bill Ready for Cabinet
6.7.2021
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian...
Bitcoin volatility will always disappoint some investors: Michael Saylor
6.7.2021
Traders that get into Bitcoin for short-term gains stand to be disappointed by the volatility associated with Bitcoin, according to MicroStrategy's CEO
USD 55B Fund Marshall Wace Prepares To Enter Crypto Industry - Report
6.7.2021
London-based hedge fund Marshall Wace, which manages USD 55bn in assets, is planning to start investing in areas such as digital currencies, stablecoins, blockchain, and payments, while crypto trading might come next, the Financial Times reported, citing undisclosed people familiar with these...
Bitcoin and Ethereum Fail Near Breakout Zone, Altcoins Climb Higher
6.7.2021
Bitcoin price started a fresh increase above the USD 34,000 and USD 34,500 resistance levels. BTC even spiked above USD 35,000, but it failed to continue higher. It is currently (12:12 PM UTC) trading near USD 34,000, but it must settle above USD 35,000 for upside continuation.
Besides, most major...
Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase?
6.7.2021
BTC price action would perform a one-off move if it were to top out at its recent $64,500, Alex Saunders believes
AAVE price hits 3-week high as ‘Aave Pro’ debuts for institutional lending
6.7.2021
Aave's gains also coincide with a sharp upside momentum across the cryptocurrency market
Barclays' Binance Customers Looking for Alternative Apps, Banks & Countries
6.7.2021
The crypto-supporting customers of London-headquartered multinational bank Barclays are "leaving" and searching for workarounds, after the bank - previously fined for being used for money laundering - stopped payments to major crypto exchange Binance to "protect" customers'...
Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
6.7.2021
On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. However, as some observers have noted, the removal of the tweet...