French authorities to issue statement on Pavel Durov’s detention
It remains unclear if Durov has been officially arrested or charged.
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CFTC Chair reiterates BTC and ETH are commodities in testimony
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors.
SEC officials meet again with spot Bitcoin ETF filers
Meetings between asset managers and the SEC intensified over the previous weeks, with Gary Gensler's team meeting with BlackRock and Hashdex representatives. The Securities and Exchange Commission (SEC) has held a new round of discussions with asset managers proposing a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, this time with officials from
Africa: Central Bank of Malawi Says Crypto Is Not Legal Tender, Warns of Trading Risks
The central bank of Malawi announced that crypto is not legal in the country and that the institution is against crypto-related activities, local news agency Nyasa Times reports on May 27.The Reserve Bank of Malawi (RBM) has stated that cryptocurrencies are not legal tender in Malawi and do not represent a substitute to the Malawi…
3 striking similarities with past Bitcoin price bottoms — But there’s a catch
Bitcoin (BTC) has been consolidating inside the $18,000-$20,000 price range since mid-June, pausing a strong bear market that began after the price peaked at $69,000 in November 2021.Many analysts have looked at Bitcoin's sideways trend as a sign of a potential market bottom, drawing comparisons from the cryptocurrency's previous bear markets that show similar price…
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate. 247 Total views 15 Total shares A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Currently, corporate…
Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System
Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions (Alchemy GPS) co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency.Ngan emphasized the power of choice to make consumers and merchants happier. Calling his company’s “the first unified…
US SEC Delays Decision on Direxion Bitcoin ETF Until September
Investment firm Direxion has had the review of its Bitcoin exchange-traded fund (ETF) application postponed until September 21. The news about the delay comes from an official document released by the U.S. Government Publishing Office July 24. An announcement from the U.S. Securities and Exchange Commission (SEC) said it was “appropriate” to delay its decision,…
Bitcoin shortage as Wall Street FOMO turns BTC whales into ‘plankton’
Institutions make mincemeat of the whales who just recently held huge sway over market sentiment below $20,000. 4012 Total views 26 Total shares Bitcoin (BTC) is seeing a new kind of “flippening” above $20,000 as its original whales keep selling their coins to bigger institutional buyers.Data from on-chain analytics service CryptoQuant shows that despite long-term…