Securities and Exchange Commission Chairman Gary Gensler has a lot in common with “The Godfather’s” Michael Corleone, according to the Cato Institute's Jack Solowey and Jennifer Schulp.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use.
Bitcoin traders eye $19K BTC price bottom, warn of 'hot' February CPI
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.
Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI
Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$19,000 BTC price is “breakdown target”
Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it clung to $22,400 at the time of writing.
Motionless throughout the weekend, the pair offered few trading opportunities as concerns built up over the impact of forthcoming macroeconomic data from the United States.
Specifically, the February print of the Consumer Price Index (CPI), due March 14, is expected to be “hot,” or above expectations, analyst Venturefounder said.
“New Bitcoin higher low, and the bearish RSI divergence continues,” he wrote in a Twitter update on the day.
What are artificial intelligence (AI) crypto coins, and how do they work?
Discover how AI crypto coins enable decentralized AI and ML networks for the secure, transparent exchange of data and value.
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”
Naira redesign no more: President’s directive canned by Nigerian supreme court
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation.
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li.
Technical discussions take center stage at Advancing Bitcoin conference in London
A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed.
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.
Bybit introduces Mastercard-powered debit card days after halting USD transfers
Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings.
Bybit introduces Mastercard-powered debit card days after halting USD transfers
Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings.
Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities
Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.
Iran completes pre-pilot phase of central bank digital currency
The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit.
Iran completes pre-pilot phase of central bank digital currency
The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit.
BTC price 'in the chop zone' — 5 things to know in Bitcoin this week
BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs.
BTC price ‘in the chop zone’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week with consolidation in the air amid some of the least volatile conditions ever.
Despite losing 5% in an hour last week, Bitcoin’s subsequent lack of volatility is on every trader’s mind.
The question is whether that will change in the coming days.
There are plenty of potential catalysts, from macroeconomic data to exchange setups and more, but which will win out — and in which direction it will send BTC price — remains to be seen.
Behind the scenes, it remains business as usual for Bitcoin network fundamentals, with miners preserving their newfound buoyancy and ready for new all-time highs in difficulty.
Pakistan banks agree on blockchain-based KYC system development
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing.
‘Scammers dream’ — Yuga’s auction model for Bitcoin NFTs sees criticism
Yuga Labs' first Bitcoin NFT collection saw some backlash from the crypto community over the weekend, pointing to flaws in the way it's conducting the auction.
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — falling 73% to $4.3 billion over the same timeframe.
The staggering rise in DeFi funding was despite overall crypto funding figures falling from $31.92 billion in 2021 to $18.25 billion in 2022 as the market shifted from bull to bear.
According to a Mar. 1 report from CoinGecko, citing data from DeFiLlama, the figures “potentially points to DeFi as the new high growth area for the crypto industry.” It notes that the decrease in funding towards CeFi could point to the sector “reaching a degree of saturation.”
Funding amount by sector in the cryptocurrency market between 2018-2022. Source: CoinGecko.The near three-fold increase in DeFi investment is also a staggering 65-fold increase from 2020, at the start of the last bull run.
According to CoinGecko, the largest DeFi funding in 2022 came from Luna Foundation Guard’s (LFG) $1 billion sale of LUNA tokens in February 2022, which came about three months before the catastrophic collapse of Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) in May.