Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks exposes the country’s underlying economic problems. Crypto proponents see the issue as a vindication of their long-standing argument. Savings Now Investment Products Some social media …
Monthly archives: July 2022
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs …
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SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.” SEC …
Coinbase Rejects SEC’s Claim That Nine Ethereum-Based Altcoins Are Securities
Crypto exchange Coinbase is refuting claims by the U.S. Securities and Exchange Commission (SEC) that nine digital assets listed on its platform are securities. Coinbase’s chief legal officer, Paul Grewal, says the exchange rejects the SEC’s claim that nine of its listed digital assets are securities in its complaint against one former employee and two …
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Binance Had ‘Very Minimal’ Exposure to Collapsing Crypto Lending Companies, Says CEO Changpeng Zhao
The CEO of Binance is answering questions about its risk exposure in the wake of several large crypto lenders collapsing. In a new interview with CNBC’s TechCheck, Binance head Changpeng Zhao explains his firm’s finances have not been tangled with the recent collapses of Celsius Network (CEL) or Three Arrows Capital (3AC) without naming any …
Elon Musk Reveals Why Tesla Dumped $936,000,000 in Bitcoin (BTC) in the Second Quarter
Tesla CEO Elon Musk is opening the lid on why the electric car maker disposed of a large chunk of its Bitcoin (BTC) holdings. In a second-quarter earnings call, Musk says Tesla sold a big portion of its Bitcoin in order to raise cash amid uncertainty in one of the electric carmaker’s major markets and …
SEC Chair Gary Gensler Says Crypto Lending Firms Fall Under Agency’s Jurisdiction
U.S Securities and Exchange Commission (SEC) Chair Gary Gensler says crypto lending firms fall under the dominion of the regulatory agency. In a new interview with CNBC, Gensler says the way digital asset lending firms currently operate makes them fall under the jurisdiction of the SEC. “Many of these firms like BlockFi that settle may …
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Board urges Bank of Central African States to introduce common digital currency: Report
The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board. According to a Friday report from Bloomberg, the board …
FTX proposes a way to give Voyager Digital clients some of their digital assets back early
FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like to buy all Voyager digital …
Play-to-own, NFTs and Web3: Crypto Raiders drops knowledge with NFT Steez
Blockchain gaming and the play-to-earn model were all the rage in 2021, but over time, the model declined as a few kinks were revealed and the wider nonfungible token (NFT) and crypto market hit a few speed bumps. It’s safe to say, the sector is “down, but not out” and it’s entirely possible that blockchain …
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Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA
The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two months behind them and look toward a positive future. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has been oscillating around support at …
Circle Aims to Complete SPAC Deal and Stock Market Listing by Year End
The company behind the popular UDSC stablecoin plans to go public by the fourth quarter of 2022. Stablecoin company Circle is planning to carry out a public listing before the end of this year, according to statements from CFO Jeremy Fox-Green. Fox-Green recently told Decrypt that Circle plans to go public via a SPAC agreement …
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Forex vs. Options: A Look at the Differences and Similarities
Exchanges offer many investment options, including forex, crypto, and many more. However, foreign exchange and options trading have similarities. You need to understand their differences to know how to trade forex and options. Also, selecting the best investment option will be more accessible, which is what this guide is to do for you. What Makes …
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How to Become a Profitable Forex Trader: 6 Fundamentals
Becoming a profitable Forex trader means making wise trading choices from the beginning. Here are some helpful tips to get you started. Understand your limits. Determining your limits is vital for a successful trading future. It includes determining how much you can afford or are willing to risk on each trade and not using too …
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Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes
Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential ‘short covering.’ He anticipates a proper Bitcoin …