SUI price rally sparks $400M insider selling allegations

Malaysia’s finance ministry says both domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered.In its Economic Outlook 2020 report released today, the ministry nonetheless noted that several prominent firms in key economic sectors had taken steps toward digital currency adoption, according to a business news report…

CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges.The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets.March 13 sets record for daily spot tradesThe report states that March 13 produced the single greatest volume in the history of crypto assets…

While WeChat isn't as popular outside of China as WhatsApp, it is ubiquitous on the mainland. 99 Total views 25 Total shares WeChat, China's largest messaging app and one of the country's most popular payment services, will start supporting the Chinese government's digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital…

The S.E.C. says five individuals "promoted a global unregistered digital asset securities offering." 3302 Total views 10 Total shares Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme. “The SEC's complaint alleges that these promoters offered and sold…

Ether (ETH) price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether, which is higher than PetroChina’s $186 billion, and…

Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend.One of the developments that could be bullish for Bitcoin…

Nash’s co-founder said three industries will benefit from blockchain technology after the COVID-19 pandemic. 1187 Total views 23 Total shares Fabio Canesin, co-founder of blockchain fintech firm Nash, believes that as the world comes out of the COVID-19 pandemic, blockchain technology offers a “unique” opportunity to the public due to its “borderless” nature.During an interview…

The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange. 321 Total views 9 Total shares The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.South Korea’s…

The wallet of cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. 936 Total views 39 Total shares The cryptocurrency wallet of major cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards.Until now, Huobi Wallet only allowed its users to exchange between different crypto assets…