289 / 321 Relevant items tagged with #Crypto
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Why Litecoin Is The Most Undervalued Asset in Crypto
[May 16, 2023 11:33 AM] Litecoin momentum is potentially changing, network usage is skyrocketing, and the cryptocurrency’s halving is ahead. Yet the asset remains drastically undervalued relative to Bitcoin, Ethereum, and other factors. Here is a closer look at why…
Japan Loses 30% Of Total Crypto Hacks In North Korea, Elliptic Reports
[May 16, 2023 9:40 AM] Japan has emerged with the highest losses worldwide from North Korean cyberattacks targeting crypto exchanges, as recent reports indicate that Japan’s financial institutions and individuals incurred approximately 30% of the total losses…
BNY Mellon Embraces Long-Term Digital Asset Initiatives Across All Lines of Business
[May 16, 2023 7:30 AM] In a dynamic move towards digital transformation, BNY Mellon, one of the oldest banks in the United States, is pushing forward with its initiatives focused on distributed ledger technology, tokenization, and digital cash. Roman Regelman, the CEO of…
SEC Responds To Coinbase Complaint: Crypto Rules May Take Years
[May 15, 2023 11:00 PM] The Securities and Exchange Commission (SEC) has responded to Coinbase’s complaint. The largest American crypto exchange had sued the SEC on April 25, demanding clarity on crypto regulation. The company filed a petition for a writ of…
Bitcoin Bounce-Back: How Call Buyers Are Fueling The Crypto Recovery
[May 15, 2023 10:00 PM] Bitcoin (BTC) has recently experienced a brief drop below its crucial support level but has quickly rebounded to the current price of $27,300. This has resulted in the return of Call buyers, who are hoping that the level will hold and push the…
Crypto Achilles Heel: How The Absence Of Settlement Infrastructure Is Holding Back The Market
[May 15, 2023 8:00 PM] Ram Ahluwalia, the CEO of PeerNova, recently commented on the liquidity challenges the crypto market faces. According to Ahluwalia, the lack of a crypto bank settlement layer has led to a significant drying up of liquidity, hurting market makers…
Why Ethereum’s Yield Farming May Be The Most Exciting Thing In Crypto Right Now
[May 15, 2023 5:35 PM] As the world of cryptocurrencies evolves, Ethereum (ETH) investors are beginning to take notice of the power of yields and their potential impact on the crypto space. Yields, in essence, are the payments investors receive for holding…
SEC Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment
[May 15, 2023 5:00 PM] The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY. It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately…
Toncoin (TON) Price Plummets After Bears Defy To Surrender Control
[May 15, 2023 2:30 PM] Recently, the price of Toncoin (TON) witnessed a rapid decline, causing investors and traders to worry about the asset’s potential. The bear’s refusal to surrender control can cause TON’s price to drop, increasing the negative market…
Cardano Founder Urges Priority On Election To Avoid Further Chaos In Crypto
[May 15, 2023 1:30 PM] The U.S. Congress Democratic committee members are preparing to endorse the Securities and Exchange Commission’s (SEC) stringent regulation of digital assets in their efforts to assert control over the crypto industry. A new memo pointing…
Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice
[May 15, 2023 12:40 PM] Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…
Analyst: VeChain Enters Buy Zone, Should You Jump In?
[May 15, 2023 12:00 PM] On the weekly timeframe, a crypto analyst named Egrag explained on Twitter that VeChain (VET) is currently in a buy zone. He further explained the details of its possible price behavior using trading charts and noting recurring patterns. VET is in…
South Korea Crypto Exchanges Upbit And Bithumb Probed Over Lawmaker’s Scandal
Pro-XRP Lawyer Shares Opinion PEPE Explosion, What Did He Say?
[May 15, 2023 9:40 AM] Pro-XRP lawyer John Deaton has dropped his opinions on PEPE while the viral meme coin’s investors brood over its massive price plunge. The Pepe the Frog-themed meme coin became prominent immediately after launch, rallying 1,000% within the first…
Why Are Bitcoin And Crypto Up Today?
[May 15, 2023 9:00 AM] The price of Bitcoin has risen by 2% over the past 24 hours. After nine consecutive red daily candlesticks, the price of BTC finally posted a green daily candlestick yesterday (Sunday). However, analysts are divided as to whether Bitcoin will now…
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
[May 15, 2023 4:45 AM] Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.
US DoJ Goes After Rogue Exchanges As Crypto Crimes Grow ‘Significantly’
[May 15, 2023 3:00 AM] Eun Young Choi, the first director of the National Cryptocurrency Enforcement Team (NCET), has told reporters that crypto-related crimes have risen significantly in recent years. Through her team, the United States Department of Justice (DoJ) now…
South Korean Politician Quits Party Over Crypto Scandal
[May 15, 2023 2:30 AM] A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves…
This Week In Bitcoin And Crypto: Key Dates That Will Impact Prices
[May 15, 2023 1:15 AM] After eight consecutive red daily candlesticks, the Bitcoin price ended the day yesterday (Sunday) with a green daily candle. The Bitcoin and crypto market is entering a week that, while not a macro blockbuster week, could still be trend-setting…
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
[May 14, 2023 4:00 AM] The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to…
Coinbase Engages Legal And Political Aids In Battling SEC
[May 14, 2023 3:30 AM] The largest crypto exchange in the US, Coinbase, has made a notable move regarding the allegation from the US Securities and Exchange Commission on securities law violation. Coinbase engaged a Global Advisory Council for the battle with the SEC…
Ripple CTO Labels BEN Coin As Scam, Bitboy Reacts
[May 14, 2023 2:40 AM] Ripple’s Chief Technology Officer (CTO), David Schwartz, responded to a tweet from a crypto enthusiast, calling the BEN Coin project a 100% rug pull. Schwartz asked the poster why he believed such but still stated his reservations about the…
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
[May 14, 2023 2:00 AM] Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border…
Bakkt Streamlines Apex Crypto Platform By Removing 25 Tokens
[May 13, 2023 6:58 AM] In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise…
PayPal Plunging Despite Increasing Crypto Holdings
[May 13, 2023 5:40 AM] PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11. PayPal Shares Crumbling Analysts observe that the…
Former Executive Backs Up Lawsuit Against FTX Celebrity Promoters
[May 13, 2023 4:58 AM] A former FTX regulatory officer, Daniel Friedberg, has come forward to back the lawsuit against FTX celebrity promoters, adding weight to the allegations leveled against the cryptocurrency exchange. Due to his knowledge of the company’s…
Crypto Analysts Predict XRP Price Rally Against BTC
OKX Announces New Platform And Partnerships; OKB Shows No Significant Movement
[May 13, 2023 4:30 AM] OKX Wallet has announced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following wide discussions about the waning influence of Binance, the world’s largest…
Crypto VCs Dabble In $2.6 Billion Worth Of Deals In Q1 2023
[May 13, 2023 3:50 AM] Despite the prevailing bearish trend in the crypto market, venture capital firms consummated several deals worth billions in the first quarter of 2023. Data from PitchBook’s Crypto Report for Q1 2023 disclosed that crypto firms generated $2.6…