People's Bank of China (PBOC) issued fresh guidelines to eliminate all forms of crypto use in mainland China. The Chinese Central Bank deemed all crypto- related transactions illegal and ordered authorities to take strict action against existing crypto mining farms in the country. It also prohibited any foreign crypto exchanges from offering services in the country. The post China Crypto Ban: Here's Five Critical...
People's Bank of China (PBoC) issued a fresh set of detailed crypto crackdown guidelines today even when many were assured that we are past China crypto ban FUD. The new set of guidelines seems to be quite comprehensive and prohibits every aspect associated with cryptocurrencies. The Chinese central bank deemed crypto illegal and claimed it The post China Central Bank Issues Detailed Crypto...
The Bitcoin ($BTC) tipping feature went live on Twitter today for iOS users, making it the first global monetary network. The BTC tipping would be facilitated via a layer-2 solution lightning network. Twitter has partnered with Strike, a BTC wallet app based on the lightning network, to build the infrastructure and API for the integration, The post Twitter Announces Big NFT Plans as...
Kazakhstan, the Central Asian nation that became a Bitcoin mining hub in the wake of the Chinese crypto crackdown and miner exodus might have to shut BTC mining operations temporarily. The country is facing an electricity crunch that intensifies in winter and the government might have to impose restrictions on Bitcoin mining to ensure ample The post Kazakhstan Might Have to Shut Bitcoin...
On Thursday, September 23, Kentucky's securities regulator asked crypto lender Celcius to immediately stop offering its interest-paying accounts in the state. The cease and desist order coming from the Kentucky Department of Financial Institutions notes that Celcius offered unregistered securities to its customers. The regulator noted that Celcius has violated the state law and didn't The post Kentucky-based Crypto Lender Celsius Faces Cease...
As the SEC threatened to sue, Coinbase, the largest publicly listed crypto exchange has decided to abide by the regulatory framework and collaborate with the authorities in sketching out a “sensible regulation” for the crypto industry in the US. Coinbase's website has posted over 350 job openings, including legal and compliance job profiles to restore The post Just-in: Coinbase to expand legal and...
China's real estate giant Evergrande breathed a sigh of relief after the People's Bank of China injected nearly $19 billion into the banking system yesterday, in a bid to bailout the debt-ridden real estate giant. Evergrande has over $300 billion in liabilities, making it the most indebted real-estate company and many believe its fall could The post Evergrande Surges 27% Post Nationalization Rumors,...
According to Bloomberg, President Biden will reportedly nominate the anti- crypto critic, Saule Omarova as the director of the U.S. Monetary Supervision Agency, i.e., the Office of the Comptroller of the Currency (OCC). Omarova in the past has argued that digital currencies pose a threat of destabilizing the economy and can be easily abused by private The post President Biden nominates Crypto Critic to...
Bitcoin.org, the oldest cryptocurrency website registered by the pseudo- anonymous creator of Bitcoin Satoshi Nakamoto was hacked earlier today. The hackers then ran a BTC giveaway scam promising to return double the amount of BTC that users send to the mentioned address. The scammers reportedly managed to collect $17,764 before the website was taken down. It The post Breaking: Satoshi Nakamoto's Website Gets Hacked,...
Bitcoin bulls flex their muscle with a rebound from $40,000 to $44,000. A golden cross pattern in the daily chart hints at the uptrend achieving more than just listing to $48,000. Bitcoin bulls fought tooth and nail to defend the support at $40,000 earlier this week. The largest cryptocurrency has initially corrected from highs close The post Bitcoin Price Prediction: BTC Rolls Down...
This week has not been exceptionally pleasant for Ethereum (ETH) investors as the digital currency has trailed the global digital currency industry in an unprecedented free fall. The cryptocurrency continued on its free fall which began last Friday as it started Monday around a price of $3,310.21. Ether soon fell to its lowest price point The post Ethereum Price Retests Key Resistance Level...
The crypto market saw its valuation fall under $2 trillion again as Bitcoin ($BTC) and Ethereum ($ETH) lost key support momentarily. September has continued to be bearish for the crypto market, but Mike Novogratz, the CEO of one of the leading crypto asset manager groups Galaxy Digital said if BTC maintains its price above $40,000 The post Mike Novogratz Predicts Key Bitcoin ($BTC)...
The Dubai World Trade Centre Authority (DWTCA) in collaboration with the Securities and Commodities Authority (SCA) of the UAE has announced entering a pro-crypto agreement that will enable the trading of crypto assets and related financial activities within DWTCA’s free zone. Dubai World Trade Centre to play on backfoot as SCA takes command The Dubai The post Breaking: Dubai World Trade Centre takes...
Galaxy Digital, a leading crypto asset manager along with Invesco has filed a joint physical Bitcoin ETF proposal to push the crypto ETF effort in the US. The move came in as a surprise given the majority of Bitcoin ETF filing over the past month has been for Bitcoin Strategy ETF that offers investment in The post Just-In: Galaxy Digital and Invesco File...
Gary Gensler, the current SEC chief recently gave an interview to Washington Post to talk about cryptocurrencies and regulations. He reiterated his earlier stance on the need for strict investor protection regulations and suggested he is here to clean the crypto market before it "spills." The security debate has also turned quite controversial given the The post Gary Gensler Could Prove to be...
The U.S. Treasury Department announced sanctions against crypto-ransomware attacks. The Russian cryptocurrency exchange, Suex became the first to come under the regulatory foot for helping facilitate and launder transactions from allegedly eight ransomware variants "for their own illicit gains." The Department highlighted that the first sanctions designation against a virtual currency exchange has been executed The post U.S. Treasury Department Announces First Sanctions...
After a solid bull...
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