SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting

Matt Hougan, Global Head of Research at Bitwise Asset Management and president at ETF.com, expressed his idea that most cryptocurrencies will die in an interview with Bloomberg published on Feb. 5.During the interview, Hougan declared that he thinks that “there are 2,000 cryptocurrencies out there, 95 percent of them are useless and will die a…

Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry.Investors’ fleeting optimism…

One Crypto industry CEO sees Bitcoin hitting all-time highs at some point as the perfect facilitatory atmosphere sets up the move. Aleks Svetski, co-founder and CEO of Bitcoin (BTC) investing application Amber, said the asset could be on route to hit its all-time price high once again. "It’s just a matter of time - there’s a…

The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%. The S&P was up about 6.5% for the week while the Dow Jones Industrial Average managed a gain of 5.4%.Continuing its tight correlation with the equities market, the crypto markets are also attempting a relief rally.…

Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood.After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system.Last week proved a testing time for risk asset investors, with gloomy economic data…

NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system. 860 Total views 29 Total shares National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the…

The $200 million fund aims to foster growth and innovation on the Avalanche network. 1723 Total views 14 Total shares The Avalanche Foundation has unveiled “Blizzard” — a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network.The fund will provide liquidity to those early-stage projects that innovate…

Bitcoin has historically been terrible as a yield asset. Fortunately, the options for earning interest are beginning to abound.

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. Meanwhile, local politicians and regulators have started lobbying a new set of regulations, which could finally bring…