The Central Bank of the Philippines warns the public against using non-local crypto trading platforms.

The Central Bank of the Philippines warns the public against using non-local crypto trading platforms.
Serhii Zhdanov called for broader regulation in offshore crypto exchanges that do not go through financial audits.
Data from crypto analytic firm Glassnode shows future long liquidation of BTC touched a new 8-month high as BTC price crashed below $22,000 on Friday.
Active addresses did not mimic previous successful price breakout this month, one analyst says, while seemingly realized price returns as resistance.
Bitcoin (BTC) is staging a repeat of price action from May with its latest drop, the latest data shows.
As the dust settles on a 6% comedown for BTC/USD, analysis argues that its trip to $25,000 was never meant to last.
After taking some by surprise with its magnitude, the latest snap losses for BTC price action are still playing out.
After falling from $23,800 to as low as $21,400 in a single hour, the largest cryptocurrency is now attempting to establish support near its realized price.
At just below $22,000, realized price refers to the sum total at which the entire BTC supply last moved.

Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management.
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management.
Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management.
Sudden bearish sentiment takes hold as BTC price action returns to an area not seen since late July.
Bitcoin (BTC) fell rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped 6.2% in a single hourly candle.
Reacting, traders hoped that a rebound could allow for consolidation higher than current spot price levels, which were under $22,000 at the time of writing.
“Well, hopefully that was liquidity seeking, otherwise it's over,” a gloomy Crypto Chase told Twitter followers.
Fellow account Il Capo of Crypto, who had long forecast a return to lower levels, was resigned to new lows being “just a matter of time.”

Sudden bearish sentiment takes hold as BTC price action returns to an area not seen since late July.
Bitcoin (BTC) fell rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped 6.2% in a single hourly candle.
Reacting, traders hoped that a rebound could allow for consolidation higher than current spot price levels, which were under $22,000 at the time of writing.
“Well, hopefully that was liquidity seeking, otherwise it's over,” a gloomy Crypto Chase told Twitter followers.
Fellow account Il Capo of Crypto, who had long forecast a return to lower levels, was resigned to new lows being “just a matter of time.”

Phat Loop Studios, the company behind the "Pokemon-like" game Untamed Isles has blamed the crypto market crash as a reason its investors bailed.
The Trustee overseeing Celsius’ bankruptcy case has requested an examiner to help shed the light on a number of complex issues.
The rollout of Ripple’s fast and cheap On-Demand Liquidity payment service means that enterprises will no longer have to wait three to five days to settle costly cross-border transactions.
The comments come as Layah Heilpern believes CBDCs will give rise to government enforced censorship which will prevent residents from transacting how they wish.
The indie games subsidiary has just received support from Epic Games for its upcoming blockchain-powered P2E racing game Torque Drift 2.
The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions.
Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized.
Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized.
