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Colombian Draft Bill on Crypto Called ‘Inconsistent,’ Criticized by Local Industry
A draft bill on crypto regulation presented to Colombia’s Congress has been heavily criticized by the local tech sector, Colombian financial journal Dinero reports Tuesday, September 24.The draft was introduced in late July by senator Carlos Abraham Jimenez from Cambio Radical, the second largest party in the lower house of Colombia’s Congress.The bill, called "On…
Binance Research: Bakkt Is ‘Contributing Factor’ to Bitcoin’s Fall
Major cryptocurrency exchange Binance’s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%.In the latest edition of its markets overview, Binance Research, the exchange’s analytics arm, singled out Bakkt as the principal event which occurred just before Bitcoin’s price slip last week.Binance: Bakkt is a…
$2.5B in stolen BTC from Bitfinex hack awakens
The receiving wallet address now holds more than 90,000 Bitcoin worth about $3.6 billion. 494 Total views 28 Total shares A chunk of the inactive Bitcoins (BTC) stolen in the 2016 Bitfinex exchange hack has moved from the hacker’s wallets to an unknown wallet on Tuesday, as detected by blockchain analytics bot Whale Alerts.20 transactions…
Cryptokart: Another Indian Crypto Exchange Shuts Down Operations
Founder of Indian cryptocurrency exchange Cryptokart Gaurang Poddar announced that his company is shutting down in a LinkedIn post published last week.In his post, Poddar described the shutdown of the exchange as “difficult, given the hard work we've put in” but concluded that overall the experience was positive and that he was proud of the…
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit.In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in profit and found that around…
IMF to prefer regulating crypto than banning it outright: Report
On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban. 44 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe International Monetary Fund would prefer to differentiate and regulate crypto assets rather…
Surge in activity and token prices show ‘DeFi Summer 2.0’ already started
DeFi platforms have seen a steady surge in user activity and token prices, leading some analysts to say that the ‘DeFi Summer 2.0’ is well underway. 577 Total views 7 Total shares After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as…
Institutional FOMO? CME Bitcoin Futures Open Interest Soars to $841M
Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can't be deemed bullish on a standalone basis, it does signal that professional investors' interest in Bitcoin continues to grow at an immense rate. CME Bitcoin futures open interest in USD terms. Source: SkewFutures premium provides…