Bitcoin News / Bitcoinist - 2 years ago
In response to growing consumer demand for bitcoin and other cryptocurrency-related services, an increasing number of banks in the United States under the umbrella of the Federal Deposit Insurance Corporation are exploring the digital currency space....
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin over the years has shown an increasingly strong positive correlation with the S&P 500 and other major US stock market indexes. When the correlation weakens and turns negative, price movements in BTC can be especially substantial. The to...
Bitcoin News / Bitcoinist - 2 years ago
The U.S. Southern District Court of New York unsealed an indictment related to the case against the founder of crypto exchange FTX, Sam Bankman Fried (SBF). The document revealed four new charges presented against the former crypto executive. These...
Bitcoin News / Bitcoinist - 2 years ago
Gate Group, the parent company of the Gate.io crypto exchange, becomes the latest to apply for a license in Hong Kong. The firm joins Huobi Global, OKX, and Bitget, seeking approval in the regime due to crypto-friendly policies. Gate.io decided Hong...
Bitcoin News / Bitcoinist - 2 years ago
As the launch of the Ethereum Shanghai Upgrade draws near, investors are beginning to get more nervous as they are unsure whether the upgrade could result in a positive or negative move from Ethereum. On February 22, Nansen, an on-chain-based analyti...
Bitcoin News / Bitcoinist - 2 years ago
The ongoing dispute over Dapper Labs’ NBA Top Shots NFTs status has sparked comments from lawyers and observers. The case started with a class action lawsuit filed by plaintiff Jeeun Friel in May 2021, alleging that Dapper Labs’ NBA Top Shots N...
Bitcoin News / Bitcoinist - 2 years ago
Over the last month, Stacks (STX) has been on a tremendous rally. The coin emerged as one of the top gainers, rallying upwards even at a time when the broader crypto market was suffering from low momentum. Even now, the cryptocurrency continues to tr...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase, the second largest crypto exchange, has recently launched a testnet for their newest product “Base,” an Ethereum layer 2 (L2) network. The new product will provide a secure and cost-effective solution for building decentralized...
Bitcoin News / Bitcoinist - 2 years ago
There have been many crackdowns on the crypto space by regulators. Some of the recent ones involved Kraken, Coinbase, and Paxos. These cases were linked to compliance, staking, and stablecoin minting. However, a new case in decentralized finance (De...
Bitcoin News / Bitcoinist - 2 years ago
Via their official Twitter handle, crypto exchange Binance confirmed that it closed the position of some Australian traders. According to the post, the company incorrectly classified these users in the country as “wholesale investors.” The crypto e...
Bitcoin News / Bitcoinist - 2 years ago
Web3 and NFT use cases have reached a new level with Spotify’s new “Token-enabled Playlists.” A Web3 gaming and Media entertainment platform, Overlord, announced the news on February 22 via Twitter. According to the announcement, the service will all...
Bitcoin News / Bitcoinist - 2 years ago
Stablecoin issuer Circle ended 2022 with approximately 900 employees and has announced plans to add 135 to 225 new personnel this year. The company remains focused on increasing its workforce in order to support its continued growth in the fast-paced...
Bitcoin News / Bitcoinist - 2 years ago
Data from Glassnode shows the crypto market is currently observing capital inflows at the rate of about $4.5 billion per month. Crypto Market Recently Flipped From Seeing Outflows To Inflows According to the on-chain analytics firm Glassnode, the sec...
Bitcoin News / Bitcoinist - 2 years ago
Polygon’s blockchain explorer went down yesterday, Wednesday, February 22, causing a lot of buzz and numerous rumors on Crypto Twitter (CT). The PolygonScan outage caused the impression that no transactions were taking place. Consequently, rumo...
Bitcoin News / Bitcoinist - 2 years ago
Prominent cryptocurrency trading platform CoinEx has been sued by New York Attorney General Letitia James for not registering with the state as a securities and commodities broker-dealer while making its services accessible to New York residents. The...
Bitcoin News / Bitcoinist - 2 years ago
As the crypto industry evolves, top players in the traditional financial industry have begun to join the trend via diverse projects. A recent report disclosed that JP Morgan plans to open a crypto lab in Athens. According to StockWatch’s report...
Bitcoin News / Bitcoinist - 2 years ago
Yesterday’s ruling by a U.S. District Judge on Dapper Labs’ motion to dismiss a lawsuit alleging that NBA Top Shot NFTs are an unregistered security may have a “net positive” impact on Ripple’s case against the U.S. Secu...
Bitcoin News / Bitcoinist - 2 years ago
Are NBA Top Shot NFTs… securities? A US federal court is evaluating exactly that, courtesy of a new class action lawsuit. The ruling likely will only be a testament for Dapper Labs and their NBA Top Shot product, but there very well could be le...
Bitcoin News / Bitcoinist - 2 years ago
Some US congressmen have expressed concerns or opposition to the idea of a Central Bank Digital Currency, or CBDC, being pushed by the US Federal Reserve. One of them is Rep. Tom Emmer (R-Minnesota), who on February 22 presented a bill to restrict t...
Bitcoin News / Bitcoinist - 2 years ago
Amid the turmoil that the Securities and Exchange Commission (SEC) and the crypto industry have been involved in over the past few weeks, digital assets may see a step forward in regulatory relief. In particular, new legislation seeks to enhance fina...
Bitcoin News / Bitcoinist - 2 years ago
Is the latest Ethereum rally a bull trap or the start of a fresh bull market? Here’s what the ETH-taker buy-sell ratio says about it. Ethereum Taker Buy/Sell Ratio Has Fallen Below 1 Recently An analyst in a CryptoQuant post pointed out that th...
Bitcoin News / Bitcoinist - 2 years ago
Could China’s sentiment around crypto be a turning tide? A move from Tencent Cloud this week could certainly suggest so. An unexpected investment in web3-related tools will hit the market from Tencent Cloud’s team, positioning the Chinese...
Bitcoin News / Bitcoinist - 2 years ago
Immutable, Australia’s largest crypto gaming startup known for the NFT trading card game Gods Unchained, has disclosed that it will let go 11% of its total workforce, despite having already announced terminations middle of last year. According...
Bitcoin News / Bitcoinist - 2 years ago
As the NFT market has continued to increase adoption, bad actors have also grown to prey on the developing market. Earlier today, the Crypto wallet ZenGo security team released a dashboard aimed at helping investors detect, track and monitor potentia...
Bitcoin News / Bitcoinist - 2 years ago
The flagship hot wallet, MetaMask, is adding network and bridge support for two new major networks this week, according to an official announcement on Wednesday. Optimism and Arbitrum, two growing networks in the crypto ecosystem, are now supported o...
