Abra settles with SEC over unregistered securities charges

It's a question of "if," not "when" for Bitcoin to see a supply shock which squeeze price action upwards, one analyst forecasts. 2100 Total views 25 Total shares Bitcoin (BTC) preserved a higher low overnight on Sept. 14 in what one analyst believes may lead to sustained recovery.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Time…

Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it…

Local media reports indicate electricity producers in Yunnan, China’s fourth-largest province by Bitcoin hash rate, have been ordered not to provide power to crypto mines. Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease…

During 2017’s bull market, most crypto services lacked the proper Know Your Customer and Anti-Money Laundering measures. Even in 2020, 56% of the analyzed 800 cryptocurrency exchanges and over-the-counter trading desks followed weak KYC practices, according to a CipherTrace report. However, the current digital asset rally has turned the crypto market upside down.As a result,…

Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it will release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27.Per the release, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media…

Sophisticated investors appear to be spreading their risk across the crypto sector, with multi-asset products beating out BTC and ETH by inflows. 471 Total views 2 Total shares Institutional investors are yet to regain confidence in the crypto markets, with weekly crypto investment product volume dropping to its lowest level since October 2020. According to…

The aftermath of the Ethereum Merge gives no respite to crypto bulls, who face continued market pressure as stocks also trend down. 168 Total views 3 Total shares Bitcoin (BTC) attempted to violate local lows on Sep. 16 as the latest cross-crypto downtrend intensified.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo relief for BTC bulls post…

The Dead Coins project has been given new lease of life by BTC education portal 99Bitcoins. 2187 Total views 11 Total shares Bitcoin education portal 99Bitcoins is the newly appointed undertaker of the cryptocurrency industry. It’s taken over the Dead Coins project, which provides a burial ground for more than a thousand dead cryptocurrencies, and…

During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its ‘inconsistent’ approach to spot Bitcoin ETF approvals. 250 Total views 1 Total shares Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler