Is $4,000 Ethereum a distant dream? Futures premium plunge to 3-week low
Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side
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China’s Central Bank Issues Warning Against Blockchain Investment ‘Bubble’
China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment, Reuters reported Nov. 6.The PBoC, which is known for its anti-cryptocurrency stance, has reportedly advised that the government strengthen its supervision of “speculation, market manipulation and other irregularities,” which it claims are common in domestic blockchain investment…
TrustToken Partners With Binance to Enable In-Exchange TUSD Minting and Redeeming
TrustToken, the stablecoin operator behind usd-pegged token trueusd (TUSD), announced a partnership with major cryptocurrency exchange Binance in a press release shared with Cointelegraph on June 4.Per the release, as a result of the partnership, Binance users now will be able to buy TUSD for zero fees and redeem it for fiat currency.A TrustToken representative…
Alleged Bitcoin Fraudster Alexander Vinnik Appeals for Extradition to Russia
Former operator of now-shuttered crypto exchange BTC-e, Russian national Alexander Vinnik, has appealed with a Greek court for his release or extradition to Russia, local media outlet Kathimerini reported on March 21.Vinnik — who is accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over the course of six years —…
Crypto.com will air campaign in support of Ukraine during Academy Awards
The platform will match many donations in crypto, fiat, and nonfungible token purchases towards humanitarian help for Ukraine through March 31. Cryptocurrency exchange Crypto.com plans to use its ad time during the 94th Academy Awards on Sunday to air a TV spot regarding the humanitarian crisis in Ukraine.In a Wednesday announcement, Crypto.com CEO Kris Marszalek…
CipherTrace Detects Major Uptick in Cross-Border Payments to Offshore Crypto Exchanges
Disclaimer: A CipherTrace spokesperson informed Cointelegraph that these numbers are subject to change as new information becomes availableThere has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was reported in the latest cryptocurrency AML…
Bitcoin bulls may have to wait until 2024 for next BTC price ‘rocket stage’
Bitcoin (BTC) may track sideways for another two years before reigniting its bull run, new data argues.In a tweet on April 6, veteran trader Peter Brandt highlighted historical patterns suggesting that hodlers will have to wait until 2024 for their next moonshot.8 months down, 25 to go?Bitcoin has surprised analysts with its performance over the…
Optimism to roll out new Superchain features for layer-3 devs
The layer-2 Ethereum scaling provider wants to onboard developers to build layer-3 DApps on its Superchain.