Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
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AWS outage hits dYdX raising concerns over decentralization
Traders could do nothing but wait on Dec. 7 when dYdX went down along with Binance.US and Coinbase due to an AWS problem. 867 Total views 24 Total shares An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, raising questions over the reliance on centralized services by…
New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law
American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory scrutiny on Facebook’s not-yet-launched Libra stablecoin and related projects, CNBC reports Nov. 21.The bipartisan team of…
South Korea seizes $104M from Terra co-founder suspecting unfair profits
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors. 496 Total views 20 Total shares While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the…
Investcorp announces real-world asset tokenization fund
Investcorp's Strategic Capital Group (ISGC) currently has $1.5 billion in assets under management and will handle the collaborative deals.
Trader Joe (JOE) makes a 110% V-shaped recovery after Rocket Joe launch
JOE price made an impressive comeback after the rollout of the Rocket Joe liquidity launch program lured new projects and token listings to the DeFi platform. 82 Total views 7 Total shares The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and…
Bybit expands spot USDC trading pairs as support for stablecoins grows
The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars. 257 Total views 29 Total shares Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs…
Mt. Gox Casts a Dark Shadow of Crypto’s Collapse — A Long Fight for Justice
Mt. Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on. This news comes at a unique time: amid a pandemic and with the world on the brink of economic crisis. It calls to mind again the 2014 collapse of Mt. Gox, the Japan-based cryptocurrency…
Not Legal Advice… America: The world’s most creative junkie
Not Legal Advice... is a monthly column from Zachary Kelman, Cointelegraph’s general counsel. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain technology.For two decades, United States presidents kept the American military in Afghanistan to back the fragile local government, tasked with keeping the Taliban…