A Wisconsin resident has been charged for allegedly using a dark web site to plan a murder that required payment in Bitcoin. Local reports found that the resident in question is a 37-year-old woman named Kelly Harper from Columbus, with authorities having charged her in the Western District of Wisconsin. Federal law enforcement alleged that...Read More
Robert Ophèle, chairman of France’s financial regulatory body, the Autorité des Marchés Financiers (AMF), proposed a robust approach regarding cryptocurrecy regulations in order to encourage the growth and development of innovative projects. AMF Chairman Proposes Blockchain and DeFi Testing in Pilot Regime Speaking at the just concluded 5th Annual Conference Fintech and Regulation, Ophèle stated...Read More
Yearn.Finance team has opened a Maker vault with native tokens YFI from the treasury. The team said on 9 February on Twitter that Yearn has also minted 9.7 million DAI tokens from the vault, thus restoring the yDAI vault and allowing the DeFi project to repay victims. In the wake of Yearn.finance’s recent hack, project...Read More
The narrative has been very similar for the market’s top-two digital assets over the past couple of months. Relishing the scale of bullish momentum in the market, Bitcoin investors turned up the buying pressure over the last 24-hours after Tesla announced its 7.7% capital reserve investment. In fact, just a few hours later, Bitcoin climbed...Read More
Yesterday’s events were a milestone for the larger crypto-industry, with Tesla emerging to become the first Fortune 500 company to announce its successful purchase of Bitcoins. What’s more, Tesla’s $1.5 billion allocation in Bitcoin fueled an instant spike in demand, sending the price of the market’s leading cryptocurrency to a new all-time high of $48,025....Read More
Cardano seemed poised for a correction on the price charts, at press time, with its indicators flashing red signals moving forward. NEO was on track to rise above the $30-mark on the back of a bullish broader market. Finally, DOGE’s indicators pointed to a reversal, but uncertainty clouded its future direction. Cardano [ADA] Source: ADA/USD,...Read More
U.S President Joe Biden’s administration is looking forward to fast-track its coronavirus relief plan with a third round of stimulus checks worth $1,400 for each U.S citizen. If the proposed plan is executed, it will be a $1.9 trillion bill, over and above the previous stimulus plans already in play. While these relief checks are...Read More
Tron [TRX] surged to levels last seen in June 2018, with the crypto projected to maintain its trajectory over the next few trading sessions. REP overturned the $24-resistance level, but it was uncertain whether the bulls could hold on to the price level. Finally, ATOM formed a bearish crossover on the MACD and was predicted...Read More
In light of Tesla’s $1.5 billion purchase of Bitcoin, market bullishness is at a fever pitch. In fact, right now, many anticipate that corporate treasurers worldwide will follow Tesla’s lead and take a closer look at an allocation towards cryptocurrencies. Tesla is the fifth-largest company in the S&P 500, which is the reason why many...Read More
The founder of DeFi Pulse, Scott Lewis, has taken it to Twitter to reveal that the founders of 1inch Exchange have been permanently banned from their spaces. In a Twitter thread shared an hour ago, the founder of the most popular DeFi monitoring resource, DeFi Pulse, has said that the founders of 1inch Exchange have...Read More
Chairman of French regulator Autorité des Marchés Financiers has proposed that authorities must find a new approach to crypto regulations in order to guarantee a level playing field in the EU. During the 5th Annual Conference on FinTech and Regulation, the official, Robert Ophèle believed that European Securities and Markets Authority (ESMA) would be the...Read More
Binance Coin snapped up another all-time high recently, with the exchange token tipped to continue on its upward trajectory in the short-term. WAVES looked primed to rise above $10 as the bullish momentum looked strong on the charts. Finally, CRO was set to overturn its bearish market, with the price overhauling its 200-SMA. Binance Coin...Read More
Earlier today, SCB TenX (SCB 10X), a holding company in the Siam Commercial Bank group, announced a $50 million allocation towards DeFi startups and digital assets. SCB is one of the oldest banks in Thailand, and its venture arm, SCB 10X, has invested in several digital asset companies including Ripple, BlockFi, and Alpha Finance Labs,...Read More
Key Market Insights Spot and Derivatives Volumes Double to All-Time Monthly Highs – New Daily Volume Records Set on the 11th of Jan. Derivatives volumes increased 101% in January to an all-time monthly high of $2.89tn. Meanwhile, total spot volumes increased by 97% to $2.34tn. Across January, volume from the 15 largest Top-Tier exchanges increased...Read More
The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. Matic Network Becomes Polygon Known as Matic Network until today, the project serves...Read More
In a document filed with the United States District Court of New Jersey, Binance dropped the lawsuit filed against Forbes in November 2020. The case was in response to Forbes’ story, where it alleged that the cryptocurrency exchange was brewing plans to exploit United States investors through a sham company. Binance, through its attorneys, Peter...Read More
Despite market leaders Bitcoin and Ethereum valued at historical levels at the time of writing, altcoins such as NEM and Maker moved on their own accord, while trading in the red zone. On the contrary, BSV rose on the back of bullish cues from the broader market, but it remained uncertain whether it would be...Read More
The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by...Read More
Tesla’s latest purchase of Bitcoin worth $1.5 billion, assuming that it was purchased at $39,000 per Bitcoin, amounts to a total of 38,000 Bitcoins. Soon after the news was made public, the market’s retail traders responded to this purchase by flocking to the said purchase and increasing demand on spot and derivatives exchanges. CryptoQuant CEO...Read More
Tesla Holds Bitcoin above Dogecoin! The year 2020 was pretty huge for the cryptocurrencies as it received mainstream attention and also adoption. Many expected the Bitcoin price rally will be much bigger than in 2020 that appeared a factual figure since the start. Bitcoin attained the highest ever position in history which rallied the entire...Read More
Ronald Stephen Baron, an American mutual fund manager and one of Tesla’s major shareholders, has clearly stated that although Tesla’s recent bitcoin acquisition does not come as a surprise to him, he still wants to explore the possible reason behind the purchase. Bitcoin Buy Expected According to a report by CNBC on Monday, Baron said...Read More
With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset. Bitcoin Surpasses Tesla For The 7th Spot Elon...Read More
At present we can see that Strong institutional demand has fueled Bitcoin and many altcoins to hit new all-time highs. Today BitTorrent price steadily surged, becomes the highest gainer among the top 100 crypto markets. Many altcoins rallied over 20%, including BTT, LUNA, XVS, DGB, EGLD, RUNE, AVAX, and TRX. Out of these, BTT Price...Read More
In what is more good news for the crypto-ecosystem, Ethereum, the world’s largest altcoin, surged past yet another milestone on the price charts, with ETH breaching the $1,800-mark to post a new ATH. Corresponding to the price hike, ETH’s market cap also exceeded $200 billion for the first time recently. It should be noted, however,...Read More
Popular crypto-portfolio tracking company Blockfolio appears to have been hacked. According to reports, many Blockfolio users have received offensive push notifications from the platform, with several cryptocurrencies’ names and values being changed on the app as well. pic.twitter.com/dDn5MGoO5P — Alon Gal (Under the Breach) (@UnderTheBreach) February 9, 2021 According to some, the hackers managed to...Read More
Recent research by on-chain analytics provider Glassnode has revealed that Bitcoin’s liquid supply is continuing to decrease as investors progressively acquire and hodl the asset for the long term. The findings indicate that there is currently around 78% of issued Bitcoin are either lost or being hodled. It added that this leaves less than 4...Read More
Policy and compliance geeks have circled June 2021 in their calendars as one of the most important dates this year for the crypto space – the date by which the global anti-money laundering and terrorist financing watchdog, the FATF, expects both countries and the crypto industry to implement the so-called ‘travel rule’. The rule is...Read More
Bitcoin’s market has been open to volatility since the beginning of the year, with the digital asset surging substantially on the charts since. In what is yet another milestone for the cryptocurrency, BTC breached the much-anticipated $45,000, $46,000, and $47,000-marks a few hours ago, going on to touch a new ATH of over $47,000 on...Read More
Along with the growth witnessed by Bitcoin, altcoins have been leveling up too. One of the major altcoins in the market Polkadot’s DOT token has been surging since the beginning of the year with mild consolidation. With a market capitalization of $19.22 billion, the digital asset was being traded at $21.20, close to its all-time...Read More
