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Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’
17.7.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on with the job” and regulate crypto under the principle...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
16.7.2022
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide...
7 Bitcoin and Crypto Custodians Facilitating Institutional Digital Asset Adoption
16.7.2022
Crypto custodians are one of the important pieces to the puzzle for mass institutional adoption of bitcoin (BTC) and other cryptoassets. They enable investors to store their digital assets with regulated third-party custody providers.
Read on to discover a list of some of the leading crypto...
Itau Unibanco Mulls Offering Crypto Services, Opens Tokenization Unit in Brazil
16.7.2022
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens...
How to identify and avoid a crypto pump-and-dump scheme?
16.7.2022
Pump-and-dump in crypto is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social influencers
Bit2Me to onboard 100k blocked crypto investors from 2gether exchange
16.7.2022
On July 10, Spanish cryptocurrency trading platform 2gether shut down its free trading services, citing its inability to justify its related operational costs due to crypto winter
Spanish Crypto Exchange Bit2me to Rescue 2gether Customers After Account Block
16.7.2022
Bit2me, a Spanish cryptocurrency exchange, is looking to absorb customers of 2gether, another Spanish exchange, after the company blocked access to its trading platform. Bit2me will pay the €20 fee that 2gether imposed on its customers to continue trading on its platform. The customers will...
DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
15.7.2022
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market
HUMAN Protocol Foundation Announce HMT Now Listed on Probit
15.7.2022
PRESS RELEASE. The HUMAN Protocol Foundation is delighted to announce that HMT is now listed on Probit. Probit joins other exchanges, Bitfinex, FTX and Gate.io in offering our community the opportunity to buy, sell, and trade HMT. About HMT HMT is the native cryptocurrency of HUMAN Protocol....
Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy’s Spot Market Decline
15.7.2022
Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO...
Putin Signs Law Prohibiting Payments With Digital Assets in Russia
15.7.2022
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...
Mixers Receiving ‘More Cryptocurrency than Ever in 2022’ - Chainalysis
15.7.2022
Crypto mixers – services that exist to increase the anonymity of crypto users – are more popular than ever, while illicit addresses account for 23% of funds sent to mixers so far this year, a new report from blockchain intelligence firm Chainalysis has found.
The 23% number for these seven months...
Spanish Crypto Exchange Bitbase Expands to Latam
15.7.2022
Bitbase, a Spanish cryptocurrency exchange and crypto ATM operator, has announced its expansion to Latam with the establishment of a store in Paraguay. The company, which had previously opened a store in Portugal, is now bringing its operations to several locations in Paraguay, having its sights...
Eyeing the Long-term, Gate.io Accelerates its Global Strategy
15.7.2022
Recently, there has been news of layoffs and hiring freezes across the crypto industry. Some of the most prominent exchanges have reduced their headcount and rescinded job offers amidst the bear market. Exchanges in the process of downscaling cite various reasons, including overexpansion...
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset
15.7.2022
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end...
Crypto mixers' popularity booms as illicit addresses push volumes to ATH: Report
15.7.2022
Blockchain analytics firm Chainalysis highlighted that 10% of all funds coming from illicit addresses are sent to crypto mixers
Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming
15.7.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
Data transfer network Plaid integrates 4 major crypto exchanges
14.7.2022
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts
CoinFLEX resumes withdrawals, limiting users to 10%
14.7.2022
Since halting user withdrawals three weeks ago, CoinFLEX has announced plans to reclaim up to $84 million in owed funds