History suggests Bitcoin poised for rebound in July
Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound.
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Hodlnaut creditors reject the restructuring plan, prefer liquidation
Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash. 600 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe Singapore-based troubled crypto lender is looking at a possible liquidation as the firm’s…
California regulator orders Celsius to stop selling securities in the state
The Department of Financial Protection and Innovation previously ordered BlockFi and Voyager to stop their offerings in the state. 139 Total views 3 Total shares The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and…
Crypto and blockchain won’t catch on until they’re actually useful
A perennial question surrounding blockchain technology is: When will it make a mainstream impact? Understandably, enthusiasts in the industry are anxious to see this technology live up to its promise of empowering consumers, accelerating cross-border payments and bridging the financial inclusion gap for the under- and unbanked.The reality is that today, its scope is limited.…
Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust
Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17.Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts.The company serves “single-asset investment products…
Israel kicks off live tests for its tokenized digital bonds
Israel's Ministry of Finance and the Tel Aviv Stock Exchange expect to finish the pilot project by Q1 2023. 132 Total views 3 Total shares The Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), digital assets custody provider Fireblock and the United States software solutions developer VMware, will conduct the testing…
Billionaire UK newspaper owner calls DeFi technology ‘revolutionary’
UK media boss and former banker Alexander Lebedev has revealed he is looking to launch a decentralized finance powered “bank 2.0.” 1810 Total views 18 Total shares Alexander Lebedev, the owner of U.K. newspapers Evening Standard and The Independent, along with Russian publication Novaya Gazeta, has spoken glowingly of the potential for cryptocurrency and smart…
Mt. Gox CEO Decides to Appeal Conviction on Manipulating Financial Records
Mark Karpeles, former CEO of now-defunct Mt. Gox crypto exchange, has appealed his conviction on charges of manipulating data, The Associated Press (AP) reports on March 29.On March 15, Karpeles was acquitted of charges of embezzlement, but was found guilty of tampering with financial records, with the court stating that he manipulated data to harm…
Bitcoin bull market pulls Kusama (KSM), Decred (DCR) and Qtum price higher
Since breaking through the critical psychological resistance at $20,000, Bitcoin (BTC) price has moved even higher. In the early trading hours, the top-ranked digital asset pushed as high as $23,800 before pulling back to $23,000 but the trend of investors purchasing each dip appears to still be in play.Crypto market data daily view. Source: Coin360Although Bitcoin…