Bitcoin falls below $63K after BTC whale transactions drop 42%

The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.2023 started on a bullish note for the entire crypto market, including the DeFi ecosystem, with most of the tokens posting double-digit gains in January and recording multi-month highs. Aside…

"We cannot welcome investments into cryptocurrencies," says Central Bank of Russia governor Elvira Nabiullina. 1600 Total views 32 Total shares In a Friday press conference, Central Bank of Russia governor Elvira Nabiullina further escalated the fear, uncertainty, and doubt (FUD) surrounding the state of crypto regulation in the country. When asked about the rise of digital…

TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital.In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an international scale as its tax reporting tool has amassed…

Tether has reacted to lawmakers' requests for DOJ action over its stablecoin use, claiming it wants to be a "world class partner to the U.S." Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to the illicit use of

It’s undeniable that Bitcoin (BTC) and Ethereum (ETH) are currently the two most dominant cryptocurrencies and as a result they receive the most of the attention from the mainstream media, institutional investors, and retail investors, but this doesn't mean that the sector leaders are not occasionally challenged by competitor networks.Two forked projects that once sought…

Top crypto exchange’s U.S. branch now supports over-the-counter (OTC) trades. Binance’s U.S. arm has launched an over-the-counter (OTC) portal for trades worth $10,000 or more, according to an official announcement from May 11. OTC desk and Binance.US’s requirementsOTC trades are negotiated directly between the buyer and the seller and do not show up in exchange’s public…

Ethereum's native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency's incredible move upside also boosted its possibilities of facing a bearish backlash.An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, the…

Ian Rogers, newly appointed as a chief experience officer at Ledger, says digital assets are moving from “science fiction” to the mainstream. 2196 Total views 19 Total shares The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps.Ian…