Bitcoin return to $71K would wipe $1.38B shorts

The new bank will be subject to heightened scrutiny from the OCC for at least three years. 1380 Total views 21 Total shares In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States.The OCC is the…

Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, the New York State Department of Financial Services (DFS) reports on Jan. 24.Robinhood now has permission to trade in seven cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) — in the U.S. state of New…

The Bahamas is beginning a push for national digital currency adoption this summer, the central bank's governor, John Rolle, said. 3078 Total views 15 Total shares The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar.In another move…

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20.As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework currently…

UK media boss and former banker Alexander Lebedev has revealed he is looking to launch a decentralized finance powered “bank 2.0.” 1810 Total views 18 Total shares Alexander Lebedev, the owner of U.K. newspapers Evening Standard and The Independent, along with Russian publication Novaya Gazeta, has spoken glowingly of the potential for cryptocurrency and smart…

Competition among institutional Bitcoin services continues to heat up as fees are slashed in time for a fresh herd of investors entering. 2047 Total views 17 Total shares Bitcoin (BTC) institutional investment firm NYDIG has staged an abrupt price cut for investors using it to gain exposure to BTC price action.In a press release on…

The new set of crypto regulatory proposals in the U.K. aims to bring DeFi under the scope of the law on a case-to-case basis. 288 Total views 22 Total shares The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule…

The American billionaire is being sued for $258 billion in a racketeering lawsuit alleging Musk ran a pyramid scheme to support Dogecoin. 1638 Total views 1 Total shares Own this piece of history Collect this article as an NFTOn Apr. 3, social media giant Twitter changed its icon to that of the symbol on the…

What’s going on with Ether's and Bitcoin's recent price moves? 3613 Total views 11 Total shares A number of mainstream companies have picked up massive piles of Bitcoin (BTC) since summer 2020. Meanwhile, the asset surged past its 2017 record high near $20,000, recently cracking $34,000 before pulling back toward $27,700. The dip, however, has…