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Bitcoin, Ethereum Technical Analysis: BTC Hovers Below $24,000 on Friday, as Crypto Markets Consolidate
12.8.2022
Cryptocurrency markets consolidated on Friday, as bulls marginally pulled back following strong gains in yesterday’s session. Bitcoin fell slightly below $24,000, as prices were once again unable to move past a key ceiling. Ethereum was also lower, however continued to trade close to $1,900....
Binance to Support the Monero Network Upgrade and Hard Fork
12.8.2022
Binance recently announced support for the upcoming XMR (Monero) hard fork and network upgrade. The upgrade will occur when the XMR network reaches a block height of 2,688,888. According to the estimates, it will be reached by 13th August 2022. After reaching the block height, Monero will stop...
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says
12.8.2022
High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail...
Brazilian payment app PicPay launches crypto exchange with Paxos
12.8.2022
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin
Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam
12.8.2022
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital...
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers
12.8.2022
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee....
World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients
12.8.2022
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock. Blackrock Launches Bitcoin Trust...
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
12.8.2022
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation....
Crypto Awareness at 76% in Spain - Survey
11.8.2022
A survey has found that 76% of surveyed Spaniards know about crypto – and that almost a third know details about how tokens are regulated in the country.
The study was carried out by Spain’s markets regulator, the National Securities Market Commission (CNMV), in conjunction with the data compiler...
Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M
11.8.2022
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets
Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’
11.8.2022
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices...
Why Real-World Utility Tokens Are Taking the Meme Coin Community According to Chronoly
11.8.2022
PRESS RELEASE. The recent cryptocurrency market crash has shaken the trust of investors in several crypto projects. Investors are prompted to rethink and reevaluate the fundamental aim of digital currencies they have invested in. In fact, the crash has proved to be more severe for cryptocurrency...
Uniglo (GLO), Polygon (MATIC), & PancakeSwap (CAKE) Are the Next Big Thing in Crypto. Find Out Why!
11.8.2022
Blockchain is an emerging technology that can disrupt the traditional financial system in the coming years. Over the past decade, we have witnessed rapid crypto infrastructure and innovation growth, leading to the birth of top-tier problem-solving projects. Given the hype and craze around...
US IRS Comes After Clients of Another Crypto Exchange
11.8.2022
In a tax-related effort, the US Internal Revenue Service (IRS) is asking permission to look into the customers of crypto prime dealer SFOX Inc. and its partner.
The service responsible for collecting taxes is seeking to do just that – collect taxes, but this time it’s searching to identify...
AMAZY Releases Mobile Application for iOS and Android Devices
11.8.2022
AMAZY is the NFT and crypto-centric platform that allows users to earn tokens for completing challenges. The venture recently released its mobile Move&Earn app on Google Play and Apple Store. With well-thought marketing strategies and a visually-appealing interface, AMAZY attracts new users...
Chinese Web Censor Resolves to Keep Cracking Down on Crypto After Closing 12K Social Media Accounts
11.8.2022
China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts....
Read More: Chinese Web Censor Resolves to Keep...
Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation
11.8.2022
Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed an inquiry from the U.S. Securities and Exchange Commission (SEC), noting: “We do not yet know if this inquiry will become a formal investigation.”...
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
10.8.2022
The past actions of bad actors has forced the country's regulators to take a tough stance on crypto exchanges
Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
10.8.2022
It's not yet clear how the alleged criminal misconduct of a former employee led to a law enforcement freeze on user's funds