Hashdex withdraws spot Ether ETF application
Hashdex withdrew its application for a spot Ether exchange-traded fund on May 24, a day after the SEC gave eight similar financial products the green light.
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The rise of fake cryptocurrency apps and how to avoid them
Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology.And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake…
Binance co-founder CZ free — What’s next and what it means for crypto
After four months in jail and social media discretion, CZ is free. What’s next for the former crypto titan who led Binance to the top?
Japanese Court Finds Ex-Mt. Gox CEO Guilty of Record Tampering
Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. The news was reported by Bloomberg on March 15.The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of…
Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF
The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines.On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store of wealth, while also recognizing its…
Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500
After spending the last few days battling to hold prices above the $9,000 resistance, Bitcoin (BTC) price made a strong move by surging to $9,395. The 3.65% move took place on a high volume surge but the price quickly pulled back to $9,126 before recovering to 9,370 at the time of writing. With just 4 days…
Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry
United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say.According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for the U.K. and European institutional market.Standard Chartered: Crypto is "here to stay"The bank has long…
Microsoft, Goldman Sachs, others partner in new blockchain network
The Canton blockchain network for financial institutions is being launched by Digital Asset and a group of firms, including Microsoft, Goldman and Deloitte. 1028 Total views 7 Total shares A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes…
Bakkt Soft Launch Stalls Bitcoin Price: Buy the Rumor, Sell the News?
Bakkt Warehouse custody opened yesterday, as clients were able to deposit Bitcoin funds into the accounts. However, minutes after the tweet announcing the opening, the price of Bitcoin dropped by $700 — a classic example of buying the rumor, selling the news.Let’s take a look at the charts to see where the market is standing. Bitcoin…