Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its platform in a bid to comply with Korea’s recently amended Special Financial Transactions Information Act.South Korean crypto…

The United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would work best.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Hackers stole 913 bitcoins from Canadian cryptocurrency exchange MapleChange. Though the…

The classic inverse correlation between USD and Bitcoin is nowhere to be seen as all-time highs come closer and closer. Bitcoin (BTC) challenged levels within 10% of all-time highs on March 10 as strength in the U.S. dollar failed to dent the bullish trend.BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview$56,000 resistance is next BTC price…

Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020. 1118 Total views 21 Total shares Bitcoin's (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since…

Commissioner Caroline Pham called for the pilot program to kick off with a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks retail investors face. 157 Total views 3 Total shares Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program

Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.

The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support. 176 Total views 5 Total shares Citing the organization’s extensive experience in having completed “hundreds of early stage investments,” Brandon Gath, managing partner for Kraken Ventures, told Cointelegraph in an email that the new fund would focus…

Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date.While the current market performance may lead investors to…