Bitcoin trader warns risk 'is peaking' in crypto cycle, calls for caution

Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number may vary depending on whether…

Bitcoin (BTC) soared on March 9 as the Dow futures recovered sharply and United States Treasury Secretary Janet Yellen’s statement on President Joe Biden’s executive order regarding digital assets, which was released a day earlier by error, contained positive statements about the crypto industry.For the past few days, investors seem to have been accumulating cryptocurrencies…

Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to the idea. 3671 Total views 9 Total shares Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett.In an announcement from…

The latest proposal by the SEC of Thailand follows a series of regulatory changes targeting the digital asset market in the country. 1309 Total views 3 Total shares Own this piece of history Collect this article as an NFTThailand’s Securities and Exchange Commission (SEC) is preparing to soften retail investment restrictions related to initial coin…

Tron (TRX) founder Justin Sun and Binance co-founder Yi He have had their Weibo accounts suspended.China’s major microblogging website, which is often referred as “Chinese Twitter,” has purportedly deleted the accounts of the two prominent crypto personas.Sources in China confirmed to Cointelegraph that content on Weibo accounts of Justin Sun and Yi He is no…

APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40. 500 Total views 51 Total shares ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that…

Advisory firm Valley Capital Partners has invested $3 million into encryption platform-as-a-service StrongSalt.Per a Sept. 26 press release, StrongSalt raised $3 million from Valley Capital Partners in a seed round to further develop its encryption platform designed for developers and enterprises. The startup aims to build an encrypted ecosystem, allowing individuals to keep personal data…

Recently the Grayscale Bitcoin Trust Fund (GBTC) premium to net asset value (NAV) reached its lowest level since November 2018. This premium shows that traders are paying more for GBTC shares than the underlying Bitcoin (BTC) quantity held by the fund.This difference is caused mostly due to retail investors inability to purchase shares directly from…

Following a successful trial of DLT-based bond issues, SGX forms a dedicated company with investment firm Temasek, to extend and expand use of the tech. 934 Total views 7 Total shares The use of DLT can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing, through to settlement of…