$9.3B stablecoin exchange inflows have traders bracing higher Bitcoin prices
Stablecoin inflows to exchanges spike and Bitcoin price hits a new all-time just below $77,000 as investors prepare for a new crypto era under Trump’s presidency.
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UK Law Commission to review international laws on crypto to consider legal reforms
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023. 279 Total views 2 Total shares The Law Commission of England and Wales will set about reviewing private international legal challenges involving cryptocurrencies through a government-commissioned project.The review, launched on Oct. 18, will provide clarity…
Deutsche Börse Establishes Centrally-Steered Unit Dedicated to Blockchain, Crypto Assets
Germany’s joint stock company Deutsche Börse (DB) has established a dedicated unit for blockchain and crypto assets, Finextra reported September 3.The newly established “DLT, Crypto Assets and New Market Structures” unit will comprise a 24-person team led by Jens Hachmeister, and will explore the disruptive potential the technology could have for financial markets infrastructure, as…
Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says
Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience. 551 Total views 3 Total shares While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent…
FINRA Fines Former Merrill Lynch Employee $5,000 for Not Reporting Crypto Mining Activity
The United States regulatory body, the Financial Industry Regulatory Authority (FINRA), has charged one of Merrill Lynch’s staff $5,000 for mining cryptocurrency. Documents dated June 10 confirm the fine.According to the “letter of acceptance, waiver and consent” signed by the employee, Kyung Soo Kim, FINRA took action when it appeared the activities did not comply…
Tesla made $1B profit on its Bitcoin buy, says analyst
Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020, an analyst at Wedbush Securities said. 1085 Total views 9 Total shares American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to…
Analysts Warn That ‘Crypto Hangover’ Could Persist for AMD
Ahead of the release of Advanced Micro Devices’ (AMD) fourth quarter (Q4) report for 2018, analysts state that the company could still be facing problems due to a “crypto hangover,” business news site MarketWatch reported on Jan. 25. The firm is expected to release the report after markets close next Tuesday.Susquehanna financial analyst Christopher Rolland…
Crypto exchange Huobi returns to profitability in Q1 after restructuring
After cutting employees and benefits, the cryptocurrency exchange reportedly made a $30 million profit during the first quarter of 2023. 288 Total views 6 Total shares Own this piece of history Collect this article as an NFTAccording to an April 10 tweet by Justin Sun — the de facto owner of cryptocurrency exchange Huobi Global…
Security platforms warn about hidden phishing and wallet drainer links
With millions of dollars worth of assets being lost to phishing attacks after signing malicious permissions, the threat of losing crypto assets to questionable links is very real. When these are paired with platforms that allow hidden links, users are subjected to a different kind of risk.On Sept. 4, Web3 security provider Pocket Universe shared