Bitcoin News / Bitcoinist - 2 years ago
The latest crackdown on Binance USD (BUSD) is unlikely to cause any “large structural changes” in the crypto market, according to this report. What BUSD’s Crackdown Means For Wider Crypto Market A couple of days back, the U.S. Secur...
Bitcoin News / Bitcoinist - 2 years ago
Crypto hacks and scams have become prevalent, and cryptocurrency platforms must be one step ahead to arrest the situation. In a recent report, Binance and Huobi announced the seizure of $1.4 million in crypto funds related to the June 2022 Harmony br...
Bitcoin News / Bitcoinist - 2 years ago
According to researchers at the U.S. investment firm Morgan Stanley, stablecoin instruments may be able to compete with conventional banking systems, and its dropping market capitalization signals a decrease in cryptocurrency liquidity and leverage....
Bitcoin News / Bitcoinist - 2 years ago
The crypto community is still reeling with fear, doubt, and uncertainty (FUD) from the latest regulatory tension in the industry since U.S. regulators have taken enforcement actions on some crypto firms. Firstly, the Securities and Exchange Commissi...
Bitcoin News / Bitcoinist - 2 years ago
Data shows the Bitcoin spot trading volume has remained stable in the past week, but Binance’s dominance of it has grown further. Binance’s Bitcoin Trading Volume Dominance Is Around 96% According to the latest weekly report from Arcane R...
Bitcoin News / Bitcoinist - 2 years ago
US prosecutors have confirmed that Sam Bankman-Fried (SBF), founder of collapsed crypto exchange platform FTX, has been accessing the internet with a VPN. This is prompting further tightening of his bail terms. On February 13th, U.S. attorney Daniell...
Bitcoin News / Bitcoinist - 2 years ago
Many crypto firms are now restructuring to improve results after the 2022 crypto winter. For instance, Magic Eden and Coinbase laid off staff to cushion the effects of the crypto winter. Other firms that have also restructured operations include Cryp...
Bitcoin News / Bitcoinist - 2 years ago
Elon Musk announced in December of last year that he will step down as CEO of Twitter once a replacement is found, but will continue to operate some important divisions of the popular social media network. He tweeted at the time that he would quit as...
Bitcoin News / Bitcoinist - 2 years ago
Ripple announced today that it will join other crypto industry companies in providing funds for earthquake victims in Turkey and Syria. In a tweet, Ripple wrote that it will provide $1 million in XRP to support NGOs. The company, which is awaiting th...
Bitcoin News / Bitcoinist - 2 years ago
Through his tweet today, Messari analyst Tom Dunleavy singled out Polygon as a top-performing crypto asset and further described traits that set the cryptocurrency for further growth. The Rise Of Polygon In Business Use Cases Dunleavy first said the...
Bitcoin News / Bitcoinist - 2 years ago
Elon Musk, who is still searching for a new Twitter CEO, jokingly introduced a dog as Twitter’s new CEO, sending the prices of Dogecoin, Shiba Inu and Floki soaring. At press time, all three meme coins saw significant price appreciation, with D...
Bitcoin News / Bitcoinist - 2 years ago
The market-making firm Citadel Securities, owned by Ken Griffin, has recently made a big bet on the crypto-friendly Silvergate Bank, worth $25 million, according to a filing released by the Securities Exchange Commission (SEC) on February 14. Accord...
Bitcoin News / Bitcoinist - 2 years ago
While the cryptocurrency industry has been on regulators’ radar over the past years, including major exchanges like Binance, the most targeted aspect is stablecoins. Following the recent saga between Paxos, the issuer of the Binance branded sta...
Bitcoin News / Bitcoinist - 2 years ago
The Indian government has again displayed strict measures regarding the country’s crypto sphere. As per the measures from the BCCI (Board of Control for Cricket in India), the women’s cricket team will no longer receive sponsorship and advertisement...
Bitcoin News / Bitcoinist - 2 years ago
It hasn’t been up to two months since Elliptic, a blockchain analytics firm, published a report detailing its prediction for crypto regulations this year. The firm said 2023 would see increased sanctions in the crypto space as global regulators...
Bitcoin News / Bitcoinist - 2 years ago
Dogecoin has once again reclaimed its position as the ninth-largest cryptocurrency by market cap. It beat out Polygon (MATIC) which saw an impressive rally over the last few weeks to retain its place, and this was made possible by the ‘Dogefather’ hi...
Bitcoin News / Bitcoinist - 2 years ago
The crypto space is apprehensive due to the recent enforcement actions by U.S. regulators on some firms. One of the latest reports is about Paxos Trust company, the issuer of Binance USD stablecoin. The United States Securities and Exchange Commissi...
Bitcoin News / Bitcoinist - 2 years ago
While the crypto market is currently in a bewildered state following regulatory scrutiny, updates concerning upcoming catalysts are still ongoing. Earlier today, Shiba Inu lead developer Shytoshi Kusama gave a potential hint on the launch of the Shib...
Bitcoin News / Bitcoinist - 2 years ago
Data shows that Bitcoin taproot utilization has now hit a new all-time high, thanks to the emergence of Ordinals on the network. Bitcoin Taproot Utilization Hits New All-Time High Of 4.2% According to the latest weekly report from Glassnode, both Tap...
Bitcoin News / Bitcoinist - 2 years ago
While the Cardano price has experienced a somewhat dark 2022, there are good reasons to be bullish on ADA at the moment, according to Santiment’s on-chain data. Also, while the all-time high of $3.09 from September 2, 2021 is still -88.28% away...
Bitcoin News / Bitcoinist - 2 years ago
The revolutionary character of Bitcoin, the first digital currency to unlock previously closed barriers in the digital currency market, means that it hardly needs an introduction. The past year was extremely difficult for all cryptocurrencies, includ...
Bitcoin News / Bitcoinist - 2 years ago
Shiba Inu is one of the worst performing cryptocurrencies within the top-20 by market cap within the last week. SHIB has lost 3.7% of its value in the last 24 hours, while it is down as much as 12% on a weekly basis. One reason for this, besides the...
Bitcoin News / Bitcoinist - 2 years ago
This week was host to the biggest acquisition of blockchain-based art from an American museum. The new additions of nearly two dozen NFT art pieces were gifted to one of Los Angeles’ most recognizable museums from one of the most recognizable n...
Bitcoin News / Bitcoinist - 2 years ago
Per a report from Bloomberg, crypto exchange Binance’s recent issues with U.S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the New York State Department of Financial Services in 2...
Bitcoin News / Bitcoinist - 2 years ago
Singapore-based bank DBS plans to apply for a license to help offer crypto trading services in Hong Kong. In recent times, Hong Kong has been embracing the crypto industry, which is why significant banks such as DBS have been planning on penetrating...
