Grayscale’s ETH ETF outflows could subside this week — Analyst
Ether ETFs posted a net outflow of $98 million on July 29, marking the fourth consecutive day of bleeding — but analysts predict this trend could reverse soon.
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BitMEX racketeering complaint dismissed over lengthy ‘copy and paste’ claims
Plaintiffs accusing BitMEX of market manipulation and racketeering violations will not be able to file their complaint again after being shot down by Judge William Orrick for the second time. A U.S. District Judge has dismissed amended racketeering allegations brought by traders against the parent company of derivatives exchange BitMEX, HDR Global trading, noting that…
US Congress Urged to Regulate Crypto Sector Under Bank Secrecy Act
The Financial Integrity Network (FIN) — a Washington D.C.-based advisory firm — has urged the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).Virtual asset service providers should be regulated under BSAIn a copy of FIN testimony published ahead of a hearing on Sept. 3, FIN recommended that…
The city of Lugano will accept Bitcoin, Tether and LVGA tokens as ‘de facto’ legal tender
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services and tuition fees using crypto. 316 Total views 24 Total shares Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as "de facto" legal tender as part of a partnership with Tether (U.Speaking at the…
Blockchain companies are creating AI chatbots to help developers
The artificial intelligence (AI) market is becoming one of the fastest-growing industries in the world. According to market research firm Next Move Strategy Consulting, the current AI market is valued at nearly $100 billion and is projected to grow exponentially. Given this, it comes as no surprise that chatbots using AI are also on the rise.
Internal documents reveal Australia’s potential timeline for crypto legislation: Report
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least. 842 Total views 5 Total shares Own this piece of history Collect this article as an NFTCrypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly…
From Positive Regulation to Ponzi Comparisons: What Went On at US Congress Crypto Hearings
July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the…
Bitcoin loses $40K as BTC price support levels give way to 1-week lows
Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewUpper range support levels crumble for BTCData from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600.Traders had…
Crypto contagion deters investors in near term, but fundamentals stay strong
The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to continue in the near term.The…