Bitcoin trader warns risk 'is peaking' in crypto cycle, calls for caution
While Bitcoin analyst Willy Woo advises caution over the coming months, other crypto analysts are optimistic that Bitcoin has a “high probability of reversal.”
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British Regulator FCA Prepares a Potential Ban of Crypto CFDs for Retail Investors
British financial watchdog, the Financial Conduct Authority (FCA), is preparing a potential ban on the sale of crypto derivatives to retail investors, according to an official document released on July 1.In the document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a consultation paper…
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Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout
Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three years ago? 304 Total views 1 Total shares Bitcoin (BTC) on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows.In an X (formerly Twitter) post on Aug. 25, Ki…
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Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says
As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry. Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents
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After 14 Years in Investment Banking, I Joined the Crypto Industry
“How could I possibly do this?” — That is what I asked myself when the opportunity presented itself to leave my 14-year career in corporate and investment banking to join the startup world. It was certainly one of the biggest decisions of my life. I chewed on it for a month, which in my world…
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Report: Coinbase Deposits for UK Users Now Take 10 Days, Must Be Over £1,000
United States cryptocurrency exchange Coinbase has abruptly imposed a minimum deposit amount of 1,000 British Pounds ($1,240) for United Kingdom account holders, staff reportedly confirmed in private emails on July 16.Report: Coinbase Suspends Faster Payments Deposits in U.K.Coinbase, which previously allowed U.K. users to deposit fiat funds via the country’s Faster Payments settlement system, has…
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French Commerce Court Likens Bitcoin to Currency in Recent Ruling
A French commerce court has classified Bitcoin (BTC) as currency during a recent trial.Local news outlet Les Echos reported on March 5 that the Commercial Court of Nanterre decided on Feb. 26 to qualify Bitcoin as a fungible interchangeable asset that is not individualizable, just like fiat money.The ruling was part of a dispute between…
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Binance CEO CZ richest crypto billionaire at $96B: Bloomberg
Changpeng Zhao's net worth overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as BTC and the exchange’s in-house BNB tokens. 843 Total views 29 Total shares Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion.According to Bloomberg…
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SEC chair hints at greater regulatory oversight for US crypto exchanges
Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC "could instill great confidence" for investors. 5058 Total views 22 Total shares Recently confirmed U.S. Securities and Exchange Commission chair Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act…