The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation that is coordinated, consistent, and comprehensive. IMF Officials on Crypto Regulation, Mainstream Adoption The International …
Monthly archives: September 2022
What New UK Prime Minister Liz Truss Says About Cryptocurrencies
Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a plan to make the U.K. a crypto-friendly nation. Liz Truss Becomes Britain’s New Prime Minister Liz Truss has won the race to become …
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Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News …
DeFi Coin Price Prediction: DEFC to Retrace at $0.07395 Level
DeFi Coin Price Prediction – September 6The Defi Coin price is likely to reverse at the current support level of $0.07395 if the mentioned level holds. The coin may possibly face the positive side of the buy traders should exert more force and push the price above the $0.07550 supply level. Key Levels:Resistance levels: $0.07500, …
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Internet’s Favorite Meme Coin – Tamadoge’s Pre-sale Nearing $12 Million Mark
For the past four weeks, internet’s favorite meme coin – Tamadoge – has brought a transformation in the way the world perceives meme coins. This can be especially observed with the increasing demand for meme coins in a bearish market. With Tamadoge’s pre-sale nearing $12 million mark, more precisely $11.56 million at the time of …
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‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was later revealed as fake. The crypto researcher said he created the fake investment scheme as an experiment and to teach people a lesson about blindly following the investment advice of influencers. The account …
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74% of Ethereum nodes ‘Merge ready’ ahead of Bellatrix upgrade
As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes. The Bellatrix upgrade is seen as one of the last necessary steps prior to the official Merge, which will see Ethereum transition to a proof-of-stake consensus …
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The September Curse: Why Bitcoin Price May Touch $10,000
September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, …
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$500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, Will They Get Squeeze?
Bitcoin has experienced a trading session with low volatility as the cryptocurrency moves in a tight range. The cryptocurrency is flirting with a critical support zone at around $19,500 which has been able to hold despite last week’s spike in selling pressure. At the time of writing, the price of Bitcoin (BTC) trades at $19,700 …
Meitu Loses More Than $43M In Crypto Investments Amid Bear Market
During the crypto bull run last year, Bitcoin hit the $50,000 mark for the first time and exceeded many expectations. As a result, several investors purchased bitcoin at that time. The Hong Kong Tech giant Meitu was one of the companies that acquired bitcoin as a treasury reserve. As the market hit a decline, the …
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Old Bitcoin Supply Moves Into Derivatives, Whales Setting Up Long Positions?
On-chain data shows Bitcoin supply older than two years has moved into derivative exchanges recently, suggesting whales may be positioning themselves on the futures market. Derivative Exchange Inflow Of Bitcoin Supply Older Than 2 Years Has Spiked Up As pointed out by an analyst in a CryptoQuant post, the recent short-dominant open interest has gone …
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Bitcoin Mining Difficulty Witnesses Biggest Increase Since January
For the world’s leading cryptocurrency, Bitcoin, 2022 has been filled with many crests and troughs. Bitcoin has passed through different dilemmas that created a twist for performance and sentiment in the industry. The chronic crypto winter of the year halved the value of most crypto assets, of which BTC got a severe blow. Though the …
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UK’s Crypto Future at Danger as Truss Wins Election for Prime Minister
After Liz Truss won the contest to become the country’s new prime minister, Britain’s prospects as a crypto hub remain unknown, leaving business owners and investors wondering what regulations, if any, will be in place for the digital asset sector under new leadership. Truss, who won the race to lead the Conservative Party on Monday …
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Australian government to launch crypto research project
The Australian government is set to start making findings about the opportunities in the crypto space. This laudable development results from the massive growth of crypto and other blockchain initiatives in the country. The Aussie government is set to commence this research using the Digital Cooperative Research Program (DFCRC). The first part of the project …
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KyberSwap issues deadline to exploiters
Decentralized crypto exchange KyberSwap has warned its exploiters to return all the funds stolen on the network. The protocol issued the warning in a Monday Twitter post. According to KyberSwap, it will fully catch the exploiters if they fail to do the needful before September 5. According to the exchange, it now has all the …