Markets blow up, so ‘the best prep is to have a plan to buy fear and sell euphoria’ — Veteran trader
Pear Protocol founder HUF says “a limited pool of capital constantly rotating between narratives” is a clear sign of “late cycle behavior.”
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4 signs the Bitcoin price rally could top out at $26K for now
Bitcoin (BTC) received a substantial boost this week as United States inflation levels for February were in line with market expectations. On March 14, the BTC/USD pair surged to a 2023 peak at $26,550 after the news.But, while the macroeconomic conditions may currently favor risk-on buyers, certain on-chain and market indicators hint at a potential correction in…

China’s Digital Yuan Research Delayed Amid Coronavirus Epidemic
Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues.Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with the matter reportedly said:“The coronavirus outbreak has led to postponed work resumption in government institutions, including the…

German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before the mid-December deadline. 394 Total views 5 Total shares German crypto bank Nuri has told its 500,000 users to withdraw funds from their accounts as the firm prepares to shut down and liquidate the business,…

Mercado Bitcoin operator acquires Portuguese crypto exchange
After raising over $250 million from firms like SoftBank last year, Brazil’s 2TM Group is expanding into Europe. 805 Total views 35 Total shares Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal.The company officially announced Wednesday the…

Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019
Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year.The data was revealed in a tweet from the exchange on Jan. 6, which included a snapshot taken from the new 2019 Transparency Report from Kraken’s compliance team.Screenshot, 2019 Global Law…

Web3 chess game developer shutters play-to-earn due to ‘heavy cheating’
Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. 424 Total views 2 Total shares Developers of the blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible token (NFT) features due to rampant cheating.According to the Dec. 13 announcement, while developers continue to build Immortal Game

Bitwise Will Refile Its Bitcoin ETF Application ‘as Soon as Appropriate’
Bitwise Asset Management and NYSE Arca have confirmed they will refile their application for a Bitcoin (BTC) exchange-traded fund (ETF) after the United States regulators rejected it.Bitwise: We intend to refileAccording to a press release published on Oct. 9, the companies said that while the U.S. Securities and Exchange Commission (SEC) refused their ETF application,…

US govt delays enforcement of crypto broker reporting requirements: Report
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024. 200 Total views 17 Total shares The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and…