Crypto Biz: Massive inflows to exchanges amid market turbulence

Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today. A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock.  A

China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports on Oct. 27.Blockchain in risk managementLu Lei, the deputy head of the Chinese regulator State Administration of Foreign Exchange (SAFE), reportedly said that there are plans to use blockchain and AI in cross border financing, with particular attention…

Bitcoin (BTC) mining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4.Capping a troubling year for miners, February saw revenue drop to amounts not seen since August 2017 — when Bitcoin was at the start of its most recent bull run.Mining income…

2022 was a rollercoaster ride of ups and downs for the blockchain industry. While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry’s potential recovery.There are some signs of stabilization in the crypto…

The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries. 1323 Total views 17 Total shares The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd.According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange…

Despite the Bitcoin price falling to multi-month lows below $80,000 last week, Strategy’s latest buy was the smallest ever announced BTC purchase by the firm. Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record. Strategy on March 17 officially announced its latest 130 Bitcoin (BTC) acquisition

Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT. 

The brokerage platform took advantage of Hawaii's recent change to money transmitter licensing to expand to the non-contiguous United States.