Dogecoin 'god candle' coming? DOGE price jumps 10%
The price of DOGE staged a double-digit rally over the past week as memecoin traders took new positions, expecting more upside.
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Uniswap breaks $1T in volume — but has only been used by 3.9M addresses
Uniswap has hit two major milestones this month, with the DEX topping $1 trillion in volume and hitting around 3.9 million cumulative users this month. 154 Total views 24 Total shares Decentralized exchange (DEX) Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018. That comes from a relatively…
Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue
Russia’s largest bank Sberbank has requested that a client provide information on their income from cryptocurrency, the Russian version of Forbes reported on May 17.Co-founder of cryptocurrency trading platform Toxenbox.io, Vladimir Smerkis, told Forbes that the unnamed client received a letter from Sberbank requiring disclosure of their crypto revenue. The letter based its demand on…
Crypto exchange Bitkub targeted by Thai SEC with wash trading claims
2022 has proven to be a regulatory disaster for Thailand’s largest crypto exchange as it has faced multiple enforcement actions and fines worth hundreds of thousands of dollars. 196 Total views 3 Total shares Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and…
Microstrategy lost $146M to Bitcoin impairment charges in Q4 2021
MicroStrategy currently holds a total of 125,051 BTC acquired for $3.78 billion at an average price of $30,200 per Bitcoin. 697 Total views 23 Total shares MicroStrategy, the fortune 500 company with a 125,051 Bitcoin (BTC)-strong treasury, announced its Q4 2021 financial results on Feb. 2.The institutional software solution provider reported a net loss of $146.6…
Bitcoin Price Has Set $8.2K Floor, $100K Coming Before 2022 — Analyst
Bitcoin (BTC) may dip below its 200-week moving average price but will stay above $8,200, one of the industry’s most respected analysts has said.In a series of tweets on Feb. 10, PlanB, creator of the stock-to-flow Bitcoin price forecasting tool, also predicts BTC/USD would trade “above $10,000” by May. PlanB: stock-to-flow still on trackThis is around…
Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry
Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin's performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period.Bitcoin/USD 1-day candle chart. Source: TradingViewThe broader commodity…
UK Financial Regulator’s Crypto Investigations Surge 74% in 2019: Report
The Financial Conduct Authority (FCA), the United Kingdom’s primary financial regulator, has seen a 74% rise in crypto-related investigations in 2019 so far.A local law firm reveals the dataAccording to London-based law firm Pinsent Masons’ data, the number of the FCA’s investigations into cryptocurrency businesses has surged from 50 cases in 2018 to 87 cases…
Regulatory risks grow for DeFi as a ‘money laundering haven’
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering. The rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report.A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth…