Bitcoin set for sub $50K correction in September: Analysts

With Sam Bankman-Fried involved in so many philanthropic ventures, the fallout of FTX could also see a variety of grants and investments being subject to clawbacks or not honored. 414 Total views 9 Total shares The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a…

One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September. While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to…

The impoverished country has launched an ambitious crypto project that includes using Bitcoin as legal tender, attracting investment and creating its own metaverse. 98 Total views 3 Total shares The Central African Republic (CAR) has announced plans to proceed with its ambitious Sango Project by tokenizing access to the country’s abundant natural resources. President Faustin-Archange…

Binance’s Changpeng Zhao describes the Philippines as “one of the most active crypto communities in Asia” and it’s the perfect way to sum up the country’s blend of high adoption amid relatively low affluence.With GDP spending power of less than $10,000 per head each year, this nation of 7,100 islands is far from a major…

Major global Bitcoin (BTC) wallet Xapo will relocate key business operations from Hong Kong to Switzerland, according to Swiss news agency Swissinfo on Jan. 21.Speaking at the World Web Forum in Zurich, the wallet’s president Ted Rogers revealed that the main purpose of the move was the search for a better crypto regulatory environment.According to…

Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace. 604 Total views 3 Total shares Binance, the world's top-ranked crypto exchange by daily trading volume, has faced a quick succession of bans on its operations in three different jurisdictions:…

Bitcoin (BTC) topped out at around $46,000 on April 4 before freefalling back to $38,000, causing much frustration among crypto traders who have been so used to the market’s unreal returns in the past two years after the March 2020 crash. February and March showed signs of recovery, especially after the steep declines in December and…

Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data…

Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.One of the founders of “AirBit Club,” Pablo Renato Rodriguez, was the latest to plead…