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Biggest Movers: BCH Back Above $300.00, as SOL Hits 1-Month High
6.7.2023
After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today’s session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto’s global market cap remain largely unchanged. Solana was a notable exception however...
Namibia passes bill to regulate crypto and virtual assets
6.7.2023
The purpose of the legislation is to establish a framework for licensing and regulating virtual asset service providers
Binance supports PEPE & FLOKI, DigiToads could be next: Here’s why?
6.7.2023
Recently, Binance, the world’s most prominent cryptocurrency exchange, has broadened its horizons by supporting new meme tokens such as PEPE and FLOKI. These meme coins have proven to be some of the best altcoins on the market. As expected, including these coins in the vast Binance ecosystem...
Enjin Coin price green on the chart; Tradecurve brings something new to the DeFi space
6.7.2023
Enjin Coin and Tradecurve have gained significant interest from buyers due to their notable price fluctuations in the crypto market. While Enjin Coin has shown promising growth on the price chart, Tradecurve is making waves with its innovative approach in the DeFi space. Let’s take a closer look...
Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law
6.7.2023
Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning comes from the Supreme Court of the United...
Binance to deactivate some deposit addresses for wallet upgrade
6.7.2023
Cryptocurrency exchange Binance continues upgrading its wallet infrastructure, which requires affected users to get new wallet addresses
Maximizing gains: How to profit from leveraged tokens?
6.7.2023
A leveraged token, a financial derivative instrument like leveraged trading, is very popular in the financial market. Leveraged tokens are similar to the traditional leveraged products that form their price systems based on the underlying asset’s prices multiplied by a ratio (say, two or three...
BlackRock CEO Larry Fink is now promoting Bitcoin and cryptocurrency
6.7.2023
Larry Fink, the CEO of BlackRock, is now promoting crypto and Bitcoin. The asset management tycoon stated that Bitcoin could revolutionize the current financial system. In a surprising turn of events, Larry filed paperwork for a spot in the Bitcoin ETF with the SEC in June. The BlackRock CEO boasts...
Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down
6.7.2023
According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them
5.7.2023
Income tax, property tax, VAT, corrective taxation — there is a tax goldmine out there for governments, but they will have to think hard about accessing it
CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing
5.7.2023
The first increase in trading volume in months was driven by market volatility following the SEC's lawsuits against Binance and Coinbase, as well as improving sentiment via BlackRock's ETF filing
Solana, Polygon, and Cardano recover from SEC troubles, DigiToads emerges as top crypto
5.7.2023
The escalation of the Securities and Exchange Commission (SEC) crackdown on the cryptocurrency sector in June rocked crypto markets. Specific cryptocurrencies appear to be a target for the SEC, even as others like DigiToads (TOADS) are providing refuge in this period. DigiToads has raised close...
Bitcoin Leaves Major Assets in the Dust: Surges 80% in the First Half of 2023, Soars to 12th Largest Global Asset
5.7.2023
In the first half of 2023, eye-opening statistics reveal that bitcoin (BTC), the leading cryptocurrency, demonstrated remarkable performance by surpassing various significant assets such as the Nasdaq Index, Nikkei 225 Index, Dow Jones, S&P 500, Russell 2000, spot gold, the U.S. Dollar Index...
InQubeta presale demand surging, why investors are super bullish on QUBE
5.7.2023
InQubeta’s presale has emerged as the talk of the town in recent weeks as it takes the lead in the AI industry. Reminiscent of the early months of 2023 when AI tokens like SingularityNet, Fetch.ai, and The Graph experienced massive surges, InQubeta is now grabbing the spotlight. Investors...
Biggest Movers: BCH Price Plunges Following Recent 15-Month High
5.7.2023
Bitcoin cash was once again in the red on July 5, as traders continued to secure gains following a recent 15-month high. The token fell for a third straight session, whilst the overall global crypto market cap also slipped on Wednesday. Monero was another notable token to fall in today’s...
U.K. Blazes Trail With New Cryptocurrency Rules
5.7.2023
The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick
Solana & Algorand woes pave the way for this revolutionary meme token to surge 5x
5.7.2023
The crypto market’s volatility has seen some tokens soar while others have been in decline. Solana and Algorand are examples of tokens that have traded downward amidst recent woes in their downtrends and weak bullish momentum. Consequently, Algorand (ALGO) and Solana (SOL) woes have paved...
First Mover Americas: Cryptocurrency Trading Volumes Increase for First Time in Three Months
5.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Denmark orders Saxo Bank to erase cryptocurrency holdings
5.7.2023
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said