Get the latest news, analysis, opinions, and educational articles on cryptocurrencies and blockchain technologies.
Global Digital Mining Summit 2023 in Hong Kong Reveals Litecoin's PotentialHong Kong, 2023 – The highly anticipated 2023 Global Digital Mining Summit (WDMS) convened today in Hong Kong, attracting blockchain enthusiasts and experts from around the world. Wang XinXi boldly declared that Litecoin (LTC) has joined the ranks of the world's foremost digital payment currencies.
Citi Develops New Digital Asset Capabilities for Institutional ClientsCiti Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients.
Stop Thinking About 'Wins' or 'Losses' in the Bitcoin ETF Debate - David AckermanDespite a multi-year market slowdown, there are signs working in favor of the Web3 industry. Long-held claims about regulatory uncertainty have been validated and a major political win came in the form of a scathing rebuke of how the U.S. Security and Exchange Commission (SEC) is approaching crypto.
Is Bitcoin Oversold and Poised for a Rebound?Bitcoin's 14-day RSI has breached the crucial 30-mark, plummeting into oversold territory. Many traders are tempted to see this as a bullish signal. However, contrary to popular belief, an oversold reading does not necessarily predict an immediate price reversal.
Bitcoin traders should pay attention to more than just CPI, understand the overall economic situation.People are worried that prices might keep going up, which could affect risky investments like bitcoin. The CPI report coming out soon that will tell us about prices in July. If the report isn't too bad, investors might feel better about taking risks, like buying bitcoin.
Markets Green as U.S. House Financial Services Committee Passes Two Crypto Regulatory BillsThe Financial Innovation and Technology for the 21st Century Act, passed with a 35-15 vote, establishes clear registration rules for cryptocurrency firms with the CFTC or SEC, reducing questionable lawsuits and providing clarity for the industry.
Litecoin Adoption Surges Ahead of Halving; Caution on Bullish SignalsAs the Litecoin halving draws near, the cryptocurrency's on-chain data reflects a surge in adoption and increasing interest from sizable investors. But beware of a possible short after this bull signal and invest wisely.
UK Government Treasury on Regulating Crypto; Disagrees with "Gambling" ApproachIn a decisive response to the Treasury Committee's report on Regulating Crypto, the UK government has firmly disagreed with the recommendation to regulate "retail trading and investment activity in unbacked cryptoassets as gambling rather than as a financial service."
Encouraging Momentum: Institutional Investors Inject $742 Million into Bitcoin and Crypto Markets, Reflecting Growing Confidence: CoinShares ReportThe latest Digital Asset Fund Flows Weekly Report from CoinShares showcases a substantial injection of $137 million into the crypto markets last week, marking the continuation of a four-week trend, with a noteworthy $742 million flowing into the markets during this period.
The Timing is right; European Firm to launch Bitcoin ETF in EurozoneJacobi Asset Management's bitcoin ETF, initially delayed due to market concerns, is now back on track for launch. The company cites a shift in demand and believes the timing is right. Europe's first bitcoin ETF is set to make its debut.
Standard Chartered also Bullish on Bitcoin, forecasts $120,000Standard Chartered predicts that the value of the leading cryptocurrency, Bitcoin, could reach $50,000 this year and $120,000 by the end of 2024.
Bullish on Bitcoin: BlackRock CEO Larry Fink Sees digital goldBlackRock CEO Larry Fink wants to collaborate with regulators and address any concerns they may have regarding BlackRock's recent filing for a spot bitcoin exchange-traded fund (ETF). He believes that bitcoin, the largest cryptocurrency, serves as a digital version of gold.
MAS Imposes Restrictions on Crypto Service Providers, Prohibiting Lending and Staking Activities for Retail CustomersThese measures were introduced following a thorough public consultation conducted in October 2022, which received significant interest and feedback from a wide range of stakeholders. While there were diverse views on this proposal, MAS has decided to proceed with the restriction.
Exploring the Fascination with Bitcoin ETFs: Why Mainstream Institutions Seek ThemThe complexities and technical aspects associated with acquiring and holding Bitcoin often prove intimidating to newcomers. This is where the concept of a Bitcoin ETF, or exchange-traded fund, comes into play.
SEC Approves Leverage Bitcoin ETFThe US Securities and Exchange Commission (SEC) has granted approval for the launch of the Volatility Shares Trust 2x Bitcoin Strategy ETF.
Crypto Market on Fire: Institutional Players Ignite a Spectacular RallyIn the past 24 hours, the crypto market has been on a rollercoaster ride, liquidating a whopping 69,076 traders, sending $226.25 million down the drain. In contrast to the relatively weaker-in-performance stock markets.
BlackRock Files for Bitcoin ETF; What does it mean for investors?In a significant move for the cryptocurrency market, BlackRock, investment behemoth, has recently filed an application with the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF).
Hong Kong Urges Banks to Embrace Crypto ClientsHong Kong's banking regulator, the Hong Kong Monetary Authority (HKMA), is reportedly pressuring leading lenders, including HSBC and Standard Chartered, to onboard cryptocurrency exchanges as clients.
Bitcoin, Ethereum, and XRP Display Resilience Amidst Regulatory Setbacks for other AltcoinsIn contrast to the resilience of BTC, ETH, and XRP, several major altcoins, including Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polygon (MATIC), have witnessed substantial price declines of over 25%.
Is Bitcoin a security and how a decision will impact investors?The SEC sued the two of the biggest players in the cryptocurrency market, accusing them of operating illegally and failing to register as a securities exchange, broker and clearing agency. Read to find out more about the speculated impact this will have on the industry.
Positive sign for Crypto as the United States of America begin steps toward friendlier Crypto legislation.A bill from Republicans, sponsored by Reps. Patrick McHenry and Glenn Thompson, aims to provide a clearer regulatory plan for crypto assets and exchanges. An overall positive sign for investors both in and outside the US.
Coinut stays committed to crypto in Singapore amid regulatory hurdlesSingapore's crypto market has significantly changed in the past few years. While some crypto firms have decided to leave the country due to stricter regulations, others have chosen to stay and thrive in the robust regulatory environment.
Steer Clear of Morgan DF Fintoch: MLM Crypto Investment Scam Stole $31.6 Million From InvestorsInvestors have found themselves unable to withdraw funds after Fintoch moved the stolen 31.6 million USDT to different wallets on Tron/Ethereum, leaving investors with no access to their money.
Lessons From LibraFacebook-backed crypto project Libra, also known as Diem, will likely not see a resurgence with the collapse of Silvergate. The saga leaves a cautionary tale for investors to learn from.
