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Biggest Movers: SHIB, DOGE Fall, as Crypto Markets Consolidate
18.10.2023
Meme coins were one of the biggest casualties of Wednesday’s price consolidation, falling by as much as 2% in today’s session. The decline comes as a result of profit taking, following strong gains to start the week. Shiba inu and dogecoin remain in the red, as of writing. Shiba Inu (SHIB) Shiba...
FTX Scandal: What the Latest Testimony Means for the Cryptocurrency Industry
18.10.2023
As the FTX trial is unfolding, recent testimony has revealed major internal issues at the cryptocurrency exchange, raising questions about the industry at large. The revelations come amid a week of heated courtroom debates and could reshape the way cryptocurrency exchanges operate in...
Crypto Tokens MOON and BRICK Plunge as Reddit Sunsets Community Points
18.10.2023
On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This...
Bitcoin, Ethereum Technical Analysis: BTC Bulls Secure Gains, Following a Recent Multi-Month High
18.10.2023
Bitcoin stalled in today’s session, as traders consolidated gains, following a recent two-month high. The global market cap is trading 0.01% lower as of writing, with the cryptocurrency remaining above the $28,000 level. Ethereum has been marginally higher, and continues to hover around...
Bitpanda introduces multi-chain network support
18.10.2023
Bitpanda introduces multi-chain network support to facilitate users in moving selected crypto assets across multiple blockchains, including the Polygon Network and the BNB Smart Chain. Multi-network support benefits a user with the provision of further workability options with regards to...
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...
Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam
18.10.2023
Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160....
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
18.10.2023
UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches
Bitget’s “Futures Quant” Feature Simplifies Crypto Trading Bots
18.10.2023
Bitget, the leading copy trading and crypto derivatives platform, recently unveiled its latest feature. Termed Futures Quant, the feature represents the future of smart investment tools. Using modern algorithms and artificial intelligence to produce keen insights helps make informed investment...
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
Using Tether to avoid market volatility: Strategies for traders
18.10.2023
Cryptocurrencies are revolutionary in the financial world, exposing traders to highly volatile markets while providing opportunities for significant gains. Tether (USDT) has become popular for traders seeking stability in this volatile market. The USDT stablecoin offers a safe harbor in...
A deep dive into Dogecoin: What can you expect in terms of risks and rewards?
18.10.2023
Dogecoin has earned special prominence and is recognized as a unique and highly coveted digital asset. Featuring the face of a Shiba Inu Dog embossed on the coin, Dogecoin has grabbed the attention of many crypto investors and enthusiasts alike. The article weighs the performance, risks,...
Fed Governor Questions Need for US Central Bank Digital Currency
18.10.2023
A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman...
SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade
18.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
SEC to Intensify Crypto Market Monitoring and Examinations
18.10.2023
The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for 2024 which include crypto monitoring and examinations. The securities regulator disclosed: “Examinations of registrants will focus on the offer, sale, recommendation of, advice regarding, trading in,...
Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador’s ‘Rebirth’
17.10.2023
The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has been an important factor, alongside others, in this revamp of...
Bitcoin Changing Hands Cycle Signals Bear Market Recovery, Glassnode Study Shows
17.10.2023
New research shows bitcoin investors are rotating from long-term holders to short-term speculators, indicating the cryptocurrency market is recovering from the lengthy bear market. Study Indicates Crypto Winter Recovery as Long-term Holders Give Way to Short-term Speculators A recent report by...