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Thodex Users File Complaints Alleging Fraud as CEO Flees the Country
22.4.2021
Turkish crypto traders have reportedly filed thousands of criminal complaints against local crypto exchange Thodex alleging fraud, while its head had reportedly fled the country.
The lawyer representing the users said that the complaints were filed after the users were unable to access their...
Ex-US Regulator: Fears of Regulation Suppressing Crypto Have Gone Away
22.4.2021
Brian Brooks. The former acting head of the US Office of the Comptroller of the Currency (OCC), Brian Brooks, has hinted that the crypto regulation storm may have passed, claiming that the size of the industry means governments and regulators will no longer be able to stamp it out.
“Now that we're...
South Korean Customs Officials Promise their Own ‘Crypto Crackdown’
22.4.2021
South Korean customs authorities have added their voices to the choir of public officials promising to “clamp down” on illegal crypto transactions – particularly those involving overseas remittances and opportunistic traders seeking to take advantage of the kimchi premium.
In a report from...
Ethereum Gains Pace While Bitcoin and Altcoins Struggle
22.4.2021
After a failed attempt above USD 55,500, bitcoin price started a fresh decline. BTC broke the USD 55,000 support level and is currently (03:20 UTC) trading below USD 54,000. If there are more losses, the bears might even push the price below USD 53,200.
Most major altcoins are holding key supports....
Samsung, Shinhan Card Workers ‘Quit Jobs after Making Crypto Fortunes’
22.4.2021
Source: Adobe/S_E
The South Korean mainstream media has found a new subject du jour – crypto. And all of today’s major newspapers carried reports on crypto fever 2.0, a wave of investment that has seen bitcoin (BTC) and altcoin buying go through the roof, eclipsing even the situation in late 2017...
Delisting Coinbase, IOTA's Upgrade, Money Printing To Intensify + More News
21.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Deutsche Boerse said it would de-list the shares of Coinbase (COIN) from its Xetra trading system and the Frankfurt stock exchange...
Rothschild Investment Vehicle Doubles Down On Crypto, Invests In Kraken
21.4.2021
Source: a screenshot, Instagram/krakenfx
The Rothschild family has taken a further step into the world of crypto through its RIT Capital Partners venture – formerly the Rothschild Investment Trust.
It appears this investment – in the US-based crypto exchange powerhouse Kraken – was kept under...
More Users Flock to Crypto in Argentina, Peru
21.4.2021
Crypto adoption is on the rise in South America, where Argentinians have opened at least two million crypto trading accounts, while Peruvian traders have broken new ground.
Per Infobae, a “number of industry sources reported” that Argentines have been increasing their crypto buying in recent...
Bitpanda Boards the Tokenized Fractional Share Train in an Emerging Trend
21.4.2021
Vienna-based digital asset platform Bitpanda has launched a new product, Bitpanda Stocks, allowing users to invest in tokenized fractional shares.
By using tokens to represent fractional shares, the platform enables 24/7 trading starting from EUR 1 (USD 1.2), mounting a challenge to legacy...
JPMorgan 'Worried' Over Bitcoin Price As Altcoins Leave BTC in the Dust
21.4.2021
While strategists at major investment bank JPMorgan warn that it's better for bitcoin (BTC) to break through the USD 60,000 level soon, lest it drops further, other researchers see more positive signals but note that we're now at the crossroads, and may go either way.
JPMorgan strategists...
113 YO Giant Invested USD 100M in Blockchain.com
21.4.2021
London-based major crypto wallet provider Blockchain.com has unveiled a high-profile investor, UK asset management firm Baillie Gifford, who injected some USD 100m in the company’s latest Series C funding round.
The round was finalized last month, but Peter Smith, CEO and Co-founder...
Bitcoin Consolidates, Ethereum Gains Bullish Momentum, DOGE Crashes
21.4.2021
After a strong rejection near USD 57,500, bitcoin price corrected lower. BTC traded below the USD 56,500 support zone and it is currently (04:30 UTC) trading below USD 56,000. If it fails to stay above USD 55,000, there could be a drop towards USD 53,200.
Conversely, most major altcoins are gaining...
First Bank Caps Remittances in Bid to Block Kimchi Premium Opportunists
20.4.2021
One of South Korea’s biggest commercial banks, Woori, has fallen into line with government efforts to restrict the flow of money overseas in crypto purchases by imposing limits on remittances made to individuals and companies based in China.
Woori was the first to blink after the government...
Bitcoin Booms Again; Demands Crypto from Consumers’ Banks
20.4.2021
Bitcoin or BTC is a renowned name in the crypto industry. The currency has been around for a long time, making the industry what it is today. In 2021, even amidst numerous cryptos around BTC is the most trusted name. Lately, BTC’s price has been fluctuating tremendously, but it finally rose again....
Bitcoin Fees Hit ATH, Transactions Slow Down after China Explosion
20.4.2021
Bitcoin (BTC) transaction fees have hit an all-time high after an explosion in Xinjiang, China, drove miners offline last week.
According to data from BitInfoCharts, the average (mean) fee is now USD 58.42, eclipsing the former record of USD 55.16 set in December 2017.
The drop in hashrate, which...
Obsessed Amateur Crypto Traders Are 'Disproportionately Liquidated'
20.4.2021
Inexperienced and small crypto derivatives traders are outperformed by more savvy players and their positions are "disproportionately liquidated," according to a recent study by researchers from the Carnegie Mellon University CyLab.
They analyzed publicly available trading data from...
Bitcoin, Ethereum and Altcoins Resume Decline, DOGE In Green
20.4.2021
Yesterday, bitcoin price saw a recovery wave above the USD 56,500 pivot level. However, BTC failed to continue higher above the USD 57,500 and USD 58,000 resistance levels. It started a fresh decline and it is currently (04:30 UTC) trading well below USD 56,000.
Similarly, most major altcoins...
Seoul to Target Kimchi Premium Crypto Sellers by Policing Int’l Remittances
20.4.2021
The South Korean government is consulting on plans to regulate overseas remittances and banks with ties to crypto exchanges over concerns money is flowing abroad from the country in crypto purchases.
Per Maeil Kyungjae, it appears that some South Korea-based investors are attempting to exploit...
Latest Drop in BTC Price Raises Concerns for Investors
19.4.2021
Taking pride as the pioneer of the cryptocurrency industry, Bitcoin recently faced major turmoil as it recorded a startling plunge of 19% in the price value which eventually resulted in the biggest drop ever since February in the crypto cluster. The Bitcoin market faced a loss of over $10,000...
‘Alarm’ Rings as Crypto Trading Outpaces Stock Market in South Korea
19.4.2021
Source: Adobe/Сергей Шиманович
South Korean crypto trading volumes have outperformed stock market activity for the first time in the nation’s history, with crypto trading gathering pace at a rate some find “alarming.”
Media outlets such as Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun...