21Shares Released The Lowest-Cost Bitcoin ETP In Europe

21Shares released a new bitcoin ETP with the lowest cost basis in Europe as its first of many products being designed for a bear market.21Shares released a new ETP on the SIX Swiss Exchange today meant to offer low-cost exposure to bitcoin.The ETP will be the lowest-cost product of its kind.This ETP is the first of a line of 21Shares products meant to allow investors to weather bear markets.Today, 21Shares announced the release of its Crypto Winter Suite – a collection of exchange-traded products (ETP) meant to weather market downtrends – beginning with the lowest-cost bitcoin ETP on the....

Why Ethereum Could Trade At $500 If These Conditions Are Met

Ethereum has returned to the red as it was rejected as a major area of resistance. The cryptocurrency is bleeding out and records the second-worst performance in the crypto top 10 by market capitalization with a 10% loss in the last 24 hours. Solana (SOL) holds the number one position with a 13% loss. Related Reading | TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.2K The general sentiment in the market seems to be at an all-time low, but there is room for it to enter into a capitulation state, according to Daniel Cheung, Co-Founder at Pangea Fund....

Three Arrows Capital In Deep Trouble As Court Orders For Its Liquidation

According to a report from Sky News on Wednesday, a judge has apparently ordered the liquidation of Three Arrows Capital. If true, this decision will exacerbate the turmoil that has plagued the crypto hedge fund and the crypto space as a whole over the past few weeks. Based on the report, partners from Teneo Restructuring in […]

Governments, enterprise, gaming: Who will drive the next crypto bull run?

With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run? In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.The crypto market, just as any other market, runs in cycles. Even though digital assets are known, if not infamous, for being more volatile than many other asset types, their price action still follows a familiar pattern of ups....

Lending network enables transparent credit history in Africa via blockchain p...

Creditcoin founder Tae Oh said the partnership brings them closer to their goal of giving the unbanked a fairer shot. African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent by integrating all its transactions into Creditcoin’s public blockchain.In an announcement sent to Cointelegraph, Creditcoin said that all Aella's credit transactions will be recorded on the Creditcoin blockchain, making it easy to audit and available for viewing through their block explorer. The recorded transactions will include the terms of the loans as well....

FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming

In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things and protect customers.” Bankman-Fried’s FTX and Alameda Research Provide Credit Lines to Specific Crypto Firms The crypto economy has been hit hard by the current bear market and Terra LUNA and UST....

MicroStrategy scoops up 480 Bitcoin amid market slump

The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor. Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles. In a Form 8-K filing with the United States Securities and Exchange Commission (SEC), Microstrategy disclosed that it had acquired an additional 480 BTC at an average price of roughly $20,817. The total purchase amount was $10 million in cash. With the purchase, MicroStrategy now holds....

21Shares responds to bear market with crypto winter ETP

The Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market. 21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off.The physically-backed Bitcoin ETP started trading on the SIX Swiss Exchange on June 29, with a total expense ratio of 21....

Michael Saylor Announces 480 Bitcoin Buy For MicroStrategy

The CEO of MicroStrategy announced the company has purchased an additional 480 bitcoin, netting a total treasury of 129,699 BTC amid market downturns.Michael Saylor, CEO of MicroStrategy, announced the company has purchased an additional 480 BTC for its treasury holdings.The company now holds a total of 129,699 BTC with a total cost basis of $3.8 billion.Saylor recently provided a list of 10 things bitcoins needs to become a stronger asset.Michael Saylor, CEO of Bitcoin bull company MicroStrategy, announced the firm purchased an additional 480 BTC for $10 million, with an average cost of....

Crypto Lending Scheme Implosions Make Bitcoin Stronger

Amid the cryptocurrency market decline, it’s clear that Bitcoin can’t be stopped despite a price drawdown.This is an opinion editorial by Anita Posch, founder of Bitcoin For Fairness.Recently, one of my followers from Zambia asked, "Why has the price of bitcoin gone down in the last few months?" While I usually don't talk about price movements, because I think the utility of Bitcoin as digital cash and a global financial rail is more important than the question of when bitcoin will reach $100,000, recent price events deserve some attention.Why Did The Price Of Bitcoin Go Down 72% From The....

Alkemi Earn integration brings DeFi lending to 1.5M Ledger users

The objective of the Ledger project is to provide consumers with a way to purchase and use digital assets without giving up control to third-party platforms or systems. The Alkemi Earn app has been added to the hardware wallet Ledger's Discover area, making decentralized finance (DeFi) lending and borrowing service accessible to Ledger's 1.5 million active customers.According to a Tuesday announcement, users of Ledger Live can now earn yield on their assets with the Alkemi Earn integration. The goal of the Ledger project is to provide consumers with a method of buying and utilizing digital....

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $20,000 as U.S. Consume...

Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s consumer confidence report. Figures from the Conference Board showed that its index went from 103.2 in May, to 98.7 during June. As a result of weakening expectations for economic....

VTB sealed the first deal with digital financial assets in Russia

VTB Factoring acquires a tokenized debt pool of industrial companies via the Lighthouse blockchain. VTB Factoring, a subsidiary of Russia’s state-owned bank, reported the first major deal with digital finance assets. As part of the deal, the bank subsidiary acquired a tokenized debt pool of the engineering company Metrowagonmash, issued via the fintech platform Lighthouse.On Wednesday, June 29, VTB reported the deal on its webpage, claiming it to be the first issuance and placement of digital financial assets secured by cash in the Russian Federation. In the announcement, the bank compares....

Flipside Crypto launches NFTs to pull multi-chain data

Flipside Crypto co-founder and CEO Dave Balter stated the NFTs will save users the trouble of having to “manage nodes, complex data pipelines or petabyte-scale databases.” Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit (SDK) called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.Co-founder Jim Myers said that the ability to query blockchain data from multiple....

Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue

Most crypto product and service companies have seen huge revenue drop with the recent trend of events. In addition, the persisting bear market has dealt a devastating blow to several operational activities. There are records of drastic drops in transaction volumes even as the profitability decreases. According to some reports, the 2022 bearish trend is […]

Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week

The USTC price rally does not mean it would reclaim its lost U.S. dollar peg in the future. Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May. Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week.Dead stablecoin walkingTo recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending and borrowing platform offering up to 20% yield to clients on their UST deposits. As of June 15, the token was....

Breitling, The Luxury Swiss Watchmaker, Now Accepts Bitcoin For Purchases

Breitling, one of the world’s most renowned watchmakers, has hopped on the bandwagon and begun accepting digital currencies as a form of payment as the use of cryptocurrencies increases globally. The Swiss timepiece maker has joined forces with the cryptocurrency payment services company BitPay to accept Ethereum, Shiba Inu, Bitcoin, and other cryptocurrencies in its online […]

Bitcoin Lightning Network developer updates node software with Taproot support

The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use cases by leveraging the Bitcoin network’s capabilities. Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2 among other improvements.lnd is a software component that handles various aspects within the LN including managing a database, generating payment invoices....

British Virgin Islands court reportedly orders to liquidate 3AC

The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan. Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday.The information in the report refers to an unspecified person familiar with the matter. Three Arrows Capital did not immediately....

Bitcoin advocate criticized for backing wallet authentication project

After being swarmed by critics, Bitcoin advocate Nic Carter asked crypto Twitter to unfollow him if they disagree with any of his investments. Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. In a tweet, Carter shared his excitement in backing the project, tweeting Dynamic's announcement about a recently completed $7.5 million raise led by Andreessen Horowitz (a16z). Following....

Russian Parliament Adopts Tax Rules for Digital Assets

Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian Federation to allow the authorities in Moscow to tax operations with digital financial assets (DFAs) has been approved on second, third, and final reading in the State Duma, the lower house of Russian parliament. The....

Crypto market crash wipes out millions from North Korea's stolen crypto funds

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio.The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70%....

Cappasity to Launch the Solution for Creating NFT-Based Loyalty Programs

PRESS RELEASE. SANTA CLARA, CA, June 29, 2022/ — Cappasity provides solutions for 3D digitizing of products for online stores and classifieds. Soon, the platform will offer an NFT service, allowing store owners to create a new communication and marketing channel with their customers. Cappasity users will get the opportunity to create NFTs based on uploaded 3D product visuals in just a couple of clicks. On top of that, a Cappasity NFT contains a section for additional materials that can be added even after the store’s customer receives the NFT. In this way, the NFT owner gets....

Bear market: is it a serious threat to cybersecurity tokens?

The first half of June 2022 brought numerous reasons for panic among crypto investors. The market capitalization of cryptocurrencies decreased by more than $400B dropping below $900B. The last time such a low market cap was observed in January 2021 but, unlike today, it was a period of rapid crypto growth (between November 2020 and […]

No flexing for Bitcoin Cash users as BCH loses 98% against Bitcoin

Amid controversy surrounding major supporter Roger Ver, the Bitcoin hard fork plumbs new depths in BTC terms. Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH).Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price.CoinFLEX debacle ensnares BCH supporter VerBitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first major hard fork of the Bitcoin network to take on....

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin J...

REV3AL, a new and innovative cryptocurrency project, comes at a critical time in the crypto sector when scams and fraud are on the rise. As a solution to the hindering growth of the digital media market, REV3AL offers digital copyright protection and anti-counterfeiting solutions for artists, creators, and intellectual property owners. With its multi-layer authentication […]

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin J...

REV3AL, a new and innovative cryptocurrency project, comes at a critical time in the crypto sector when scams and fraud are on the rise. As a solution to the hindering growth of the digital media market, REV3AL offers digital copyright protection and anti-counterfeiting solutions for artists, creators, and intellectual property owners. With its multi-layer authentication and anti-counterfeiting protocol, REV3AL hopes to play a major role in protecting digital media, on platforms such as NFT market places, gaming platforms and the metaverse. Venture capital firms and private investors have....

Anchorage launches Ethereum staking for institutional investors

Anchorage's new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus. Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol. Anchorage announced on Tuesday its intention to introduce ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum....

Ethereum Needs To Breach This Level To Sustain Bullish Pace

Despite attempts by bears to drive prices down, Ethereum (ETH) managed to hold its head above water on Wednesday, topping $1,200 for the most of the session. Coingecko records indicate that as the time of writing, ETH is trading at $1,129.50, a decrease of 0.5% over the past week and still slightly down from the previous day’s high of $1,228.88. Even though the ETH/USD pair fell to an intraday low of $1,170.23 during Tuesday’s session, bulls were able to keep prices above this area. The market has been dominated by bulls for the past few days. A 40 percent increase in 10 days....

Spacechains: How This New Bitcoin Sidechain Proposal Works

Spacechains is a proposed Bitcoin sidechain that offers a one-way peg mechanism utilizing blind merge mine design.The idea of sidechains as a scaling and feature extension mechanism for Bitcoin is a very old concept. A kind of basic "ancestor" idea of sidechains, merge mined chains, even goes back to before Satoshi disappeared. That proposal was simply the idea of two completely separate and unrelated chains being mined by the same group of miners, with no ability to move anything between chains. The original sidechain proposal was made in 2014 by many of the people who went on to found....

Mercado Pago Extends Its Cryptocurrency Services in Brazil

Mercado Pago, the digital payments company related to Mercadolibre, has recently announced the extension of the crypto services that it provides to users in Brazil. The company revealed it will now allow customers to deposit their own cryptocurrencies through third-party services and wallets into their cryptocurrency digital wallet with no cost associated. Mercado Pago to Allow Deposits From Third Party Services Mercado Pago, the payment processing service of Mercadolibre, one of the biggest e-tailers in Latam, has announced it will be expanding the array of crypto-related....

Shiba Inu Hops By 45% In A Week – What Could Have Pushed SHIB Up?

Shiba Inu (SHIB) may not have been taken seriously as a crypto asset when it was first introduced, but the meme coin has steadily climbed the cryptocurrency rankings. The newest signals of relief in the crypto markets following a protracted volatility may come as a surprise to many, but the most intriguing aspect of this rebound is that meme tokens have emerged as the largest gainers. In the previous week or two, the majority of other coins have been bleeding from losses or barely able to stay afloat because of the ongoing crypto winter. Suggested Reading | ApeCoin Climbs 22% After....

Bitcoin price limps under $20K as Asia extends global stocks weakness

No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500 for supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it crossed below the $20,000 mark for the first time in nearly a week in Asian trading hours.The weakness followed rangebound behavior near $21,000, this characterizing a market still in tune with....

Trader puts faith in crypto despite the failed first investment

Despite his initial losses in trading, JC Enriquez still strongly believes that crypto will bring him more profit in the years to come. From the highs of feeling like a total genius to the lows of downward price movements, crypto investing has taken Dubai-based trader JC Enriquez on a roller coaster ride. In an interview with Cointelegraph, Enriquez shared his crypto trading journey, starting from his first encounter with digital assets. According to the trader, it all started when a friend asked him about his plans for the future. After sharing his dreams about the future, the friend told....

We Need To Encrypt The Peer-To-Peer Layer Of Bitcoin For Privacy

By making traffic between network peers encrypted, Bitcoin Improvement Proposal 324 can improve privacy by hiding node locations and other private data.The below is a direct excerpt of Marty's Bent Issue #1231: “BIP 324 would bring encryption to bitcoin's P2P layer and it needs some review.” Sign up for the newsletter here. Visualizing how encrypting data can obfuscate network connections via bip324.com As some of you freaks may be aware, Bitcoin is by no means a perfect system. Satoshi Nakamoto launched the protocol in January 2009, and gifted the world with a sly, roundabout way to....

China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Sch...

The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of blockchain technology should not be ignored because of virtual currency.” Opinion Piece Claims 90% of 100 Richest People Have Bad-Mouthed Virtual Currency The chairman of the Chinese Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and executive director He....

A Comparison of Global Futures Trading Platforms Shows 5 Advantages of CoinEx...

In today’s market, plenty of trading platforms, including mainstream exchanges like Binance, Huobi, Bybit, and KuCoin, have introduced futures contracts. Huobi has extensive experience in futures and provides a wide range of linear/inverse contract markets. However, its market share has fallen sharply, and the platform’s user traffic is also going downhill. Bybit and Binance are both professional futures trading platforms that demand a high threshold. Bad news is that Bybit was chased out of the UK by FCA, while Binance has suffered several security breaches. Futures beginners should avoid....

Bear market will last until crypto apps are actually useful: Mark Cuban

The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market. Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won't be over until there’s a better focus on applications with utility.He also doesn’t think the market has hit “cheap” prices yet. Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto. Appearing on a June 23 episode of the....

TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.2K

Ethereum declined below the $1,150 zone against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,200 pivot zone. Ethereum started a fresh decline below the $1,220 and $1,200 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting trend line in place with support at $1,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further is a clear move below the $1,120 support zone. Ethereum Price Remains At Risk Ethereum remained in a bearish zone below the $1,280 and $1,250 resistance....

MakerDAO looks to invest $500M into ‘minimal risk’ treasuries and bonds

The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds. MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai stablecoins into a combination of US treasuries and bonds.Following a straw poll in a governance 'Signal Request,' the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into....

Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now

PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether. Following the incredible bull market, crypto investors enjoyed over 2020 and 2021; you may now find yourself nursing losses rather than gains ahead of the upcoming tax season. Crypto tax platform Koinly shares 5 little-known tax hacks you need to know after the crypto crash. 1. Pay less tax by holding Want to avoid paying....

Perth Heat Baseball Adopts A Bitcoin Standard

The Australian baseball team announced plans to fully adopt bitcoin, including ticket sales, paying players in bitcoin and making a bitcoin-related jersey.This is a recording of a recent Twitter Spaces conversation about the Australian baseball team, Perth Heat, moving to a bitcoin standard.Listen To This Twitter Spaces:AppleSpotifyGoogleLibsynOvercastTranscript[0:06] Perth Heat: We had a great experience of credit to the whole organization that put the conference together. Scaling of that size after a few years I thought was quite phenomenal the way Bitcoin Magazine was able to run the....

Report: 75% Have Heard About Crypto in Spain, According to the CNMV

The results of a new report commissioned by the CNMV, the securities watchdog in Spain, have found that three out of four citizens have heard about cryptocurrencies. However, the report, which included opinions from 1,500 participants, also found that this knowledge is still minimal, and that less than 10% have actually purchased cryptocurrency as a means of investment. CNMV Reveals Results of Crypto Study The CNMV, the institution that oversees the securities markets in Spain, has revealed the results of its latest cryptocurrency report. The study, commissioned by the....

XRP Has Dropped To $0.34, What To Expect In The 24 Hours?

XRP and other market movers have continued to face the wrath of the bears. The altcoin has fallen considerably over the last 24 hours. It had secured gains over the past week but since the bulls are back, the coin lost what it had gained. Profit booking has taken over as the market movers witnessed a brief relief rally. Although price of the altcoin surged by 16% over a week, the daily losses have invalidated most of it. In the last 24 hours the coin fell by 3%, bringing its price down to $0.34. The bulls have tired out and surrendered to the bears. Selling pressure has increased as XRP....

Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts

“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP. Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP.In an analysis piece published on Law360 on June 28, lawyers from Choate Hall & Stewart LLP, including Mike Gass, Diana Lloyd and Alex Bevans, noted increasing evidence that “novel applications of existing laws” are being used to litigate....

Bankman-Fried Is Looking At “Secretly insolvent” Small Exchanges & Crypto Miners

It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretly insolvent exchanges puts it best, “Like J.P. Morgan during the stock market panic and crash of 1907, Bankman-Fried is taking advantage of the crypto chaos to expand his empire.” Rumors about his involvement in engineering the “crypto chaos” appear to be greatly exaggerated. NewsBTC reported on FTX’s bailout of BlockFi and Alameda bailing Voyager. In the first article, we....

TA: Bitcoin Turns Red, Why BTC Could Trade To New Monthly Lows

Bitcoin is struggling below the $21,000 zone against the US Dollar. BTC could continue to move down unless there is a clear move above the $20,750 resistance zone. Bitcoin started a fresh decline below the $21,000 and $20,500 levels. The price is now trading below the $20,500 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a clear move below the $20,000 zone. Bitcoin Price Is Sliding Bitcoin price remained in a....

Surprise twist as BlockFi receives Money Services License in Iowa

Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state. Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state.The Iowan license will allow the crypto lender to receive money and sell payment instruments in the state. BlockFi on Twitter stated it will begin by allowing Iowan residents to trade stablecoins.We're excited to announce that we’ve received our Money....

Battle-hardened Ronin bridge to Axie reopens following $600M hack

The Ronin bridge tied to Axie Infinity is back up with a new design after Sky Mavis introduced a circuit breaker system and daily withdrawal limits. Sky Mavis, developers of the popular play-to-earn (P2E) NFT game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million. The Ronin bridge is an Ethereum sidechain built for Axie Infinity, and it enables users to transfer assets between the sidechain and the Ethereum mainnet. On March 29, 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was drained from the bridge after....

400+ Crypto Advertisements Violate Guidelines in India — ‘Some Influencers Ta...

The Advertising Standards Council of India (ASCI) has reportedly revealed that more than 400 crypto ads violated its guidelines so far this year. The majority of complaints the ad council received are directed at influencers. “Some influencers talk so confidently about crypto without fully understanding it.” 419 Ads in Violation — Most Complaints Concern Influencers The Advertising Standards Council of India (ASCI) has reportedly revealed that it received 453 complaints relating to crypto ads between January and May. The council added that out of....