Advertisements Overbought conditions also surely played a role in bitcoin’s Monday decline. After a quick roughly 14% run higher following the U.S. Federal Reserve’s 50 basis point rate cut nearly two weeks ago, conditions seemed ripe for something to set off a sizable selloff in bitcoin (BTC), and the selection of a new prime ministerContinue reading “Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei”
Category Archives: Finance
Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UK
Advertisements This marks the first U.K. conviction for running a crypto ATM operation. Olumide Osunkoya pleaded guilty to illegally operating a crypto ATM network, according to a press release by the Financial Conduct Authority (FCA) on Monday. This marks the first U.K. conviction for running a crypto ATM operation. Osunkoya, 45, pleaded guilty to fiveContinue reading “Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UK”
Binance Founder Changpeng ‘CZ’ Zhao Could Be Released on Friday
Advertisements A Federal Bureau of Prisons rule states that an inmate whose release date falls on a Saturday, Sunday, or legal holiday, may be released on the last preceding weekday. Binance founder Changpeng “CZ” Zhao, could be released on Friday, two days ahead of his scheduled release date of September 29th (Sunday), according to anContinue reading “Binance Founder Changpeng ‘CZ’ Zhao Could Be Released on Friday”
Global Effort Disrupts Russia Linked Network Using Crypto to Evade Sanctions, U.S. Charges Two Russians
Advertisements U.S. President Joe Biden said “to counter Russian sanctions evasion and money laundering, the Department of Justice, the Department of the Treasury, and the U.S. Secret Service have taken action today to disrupt a global cryptocurrency network, in coordination with international partners.” Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for theirContinue reading “Global Effort Disrupts Russia Linked Network Using Crypto to Evade Sanctions, U.S. Charges Two Russians”
Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection
Advertisements Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries. Bitcoin (BTC) traded above $63,000 for the first half of the Asian tradingContinue reading “Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection”
Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial
Advertisements And no, she didn’t rule that crypto mining devices were securities. The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Green United can proceed to trial, a Utah judge ruled Monday. Last March, the SEC accused the Utah-based operation of scamming investors out of $18 million by selling them phony crypto mining equipment viaContinue reading “Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial”
Crypto Exchange Kraken Said to Hire Natasha Powell as UK Head of Compliance
Advertisements Powell will start in her new role at the crypto exchange in November. Crypto exchange Kraken has hired Natasha Powell as U.K. head of compliance, according to two people familiar with the matter. Powell will be starting in November, said the people, who spoke on condition of anonymity because the matter is private. “We’reContinue reading “Crypto Exchange Kraken Said to Hire Natasha Powell as UK Head of Compliance”
Ethereum ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal
Advertisements The outflow comes despite a broader crypto market rally fueled by recent Federal Reserve rate cuts that helped lift ether prices by 11% over the past week. Ether (ETH) exchange-traded funds (ETFs) recorded their largest net outflows since July, with over $79 million exiting on Monday in a sign of waning institutional demand forContinue reading “Ethereum ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal”
Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments
Advertisements Canada’s central bank has said it is shifting its focus to broader payments system research and policy development. Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week. “With this work completed, and with other payments issues gaining prominence, the BankContinue reading “Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments”
Ether Is Going to Shine Again, Steno Research Says
Advertisements The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said. Ether’s (ETH) recent bout of underperformance may be over and the world’s second largest cryptocurrency could be ready to shine again, both in fiat terms and relative to bitcoin (BTC), Steno ResearchContinue reading “Ether Is Going to Shine Again, Steno Research Says”
‘Satoshi Era’ Wallets Move $16M in Bitcoin After 15 Years of Dormancy
Advertisements It is unclear if all these wallets belong to the same person or entity. Hundreds of bitcoin (BTC) acquired by mining them during the network’s early stages were moved on Friday – joining the rare instances where bitcoin from the so-termed “Satoshi era” have been active. Satoshi era refers commonly to the period whenContinue reading “‘Satoshi Era’ Wallets Move $16M in Bitcoin After 15 Years of Dormancy”
The world’s second-largest asset management firm is considering investing into Vietnam
If Vietnam’s market is upgraded to emerging market status, member ETF funds from this firm could inject hundreds of millions of USD into the country.
Commerzbank to Offer Bitcoin, Ether Trading Through Crypto Finance
Advertisements The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading. Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank (CBK) to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement withContinue reading “Commerzbank to Offer Bitcoin, Ether Trading Through Crypto Finance”
Ether Rebounds Off Key Support Signals Long Term Bullishness
Advertisements Ether holds critical support level as macro factors loom over crypto market Ether (ETH) rose 2.5% in the past 24 hours, trading at around $2,434. More importantly, the second largest cryptocurrency has found key support at its 200-week simple moving average (SMA) of $2,298. The 200-week SMA is a widely used tool for gaugingContinue reading “Ether Rebounds Off Key Support Signals Long Term Bullishness”
Ethereum Is the Microsoft of Blockchains, ETH Underperformance May Reverse Into Year-End: Bitwise
Advertisements The Ethereum blockchain has the most active developers, the highest number of active users and ether has a market cap that is five times larger than its nearest competitor, the report said. Ether (ETH), the second-largest cryptocurrency, seems to be liked by nobody right now, but the native token of the Ethereum blockchain’s underperformanceContinue reading “Ethereum Is the Microsoft of Blockchains, ETH Underperformance May Reverse Into Year-End: Bitwise”