Bitcoin retraces to $59K amid altcoins stagnant with ‘regulatory hurdles’

The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already being taken in for questioning in relation to the case.According to a Sept. 23 report from the South China Morning Post, police

The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March.Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto market crash.Ether longs dominate crypto…

In the end of May 2019, the Central Bank of Egypt (CBE) announced that it is working on a draft law for crypto-related activities. When introduced, it will oblige financial institutions in the country to obtain licenses in advance for creating, advertising or operating platforms that issue or facilitate trading of cryptocurrencies. Licenses will be issued…

Last week was marked by two new legislative initiatives for the crypto industry in the United States. 96 Total views 1 Total shares Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and…

Binance recently broke the 1,000 employee mark, showing tremendous growth since its ICO. 1844 Total views 50 Total shares Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start."When Binance first started in 2017, there were under 50 people," Binance co-founder, Yi He, told Cointelegraph on April 23.…

Judge Bruce Reinhart has denied a motion from Craig Wright in the ongoing Kleiman V. Wright saga. Wright apparently filed for a judgment on the pleadings in a two-pronged attack — neither of which met with sympathy from the court.The court issued its decision on Aug. 15. As stated in the court document, Wright presented…

After the popularity of DeFi, came the rise of nonfungible tokens (NFTs) and to the surprise of many, NFTs took the spotlight and remain front and center with the highest volume in sales, occuring at the start of January 2022. Growing number of unique NFT buyers on Ethereum Source: Delphi DigitalWhile 2021 became the year of…

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency. 801 Total views 14 Total shares In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a…