Summary: Indonesia’s deputy trade minister announced plans for a crypto stock exchange. The platform would go live before the end of 2022, minister Jerry Sambuaga told reporters. 25 crypto exchanges licensed by the country’s regulator would be listed on the new crypto stock exchange. The government-owned platform would focus on investor protection as interest in …
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Quantitative easing (QE) has become synonymous with the COVID-19 pandemic as the blowout from the lockdowns stalled the growth of the global economy and threatened to turn into a financial crisis. To artificially create economic growth, central banks began buying up government bonds and other securities, while governments began expanding the money supply by printing …
CryptoSlate Wrapped Daily: Bitcoin maximalist Saylor getting sued for tax fraud, volatility expected ahead of Ethereum’s Merge Michael Saylor getting sued for tax fraud in Washington, Bitcoin mining difficulty rising and much more in this edition of CryptoSlate Wrapped Daily. 16 hours ago · 4 min read Go to Source
Crypto investment firm Paradigm said it expects the Ethereum POW token would trade at a discount to ETH post-merge, predicting an $18 price for the coin. Paradigm’s price prediction is based on the differences between spot ether and futures prices. With Ether Sept. 30 expiry contracts on major exchanges trading at an $18 discount as …
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BNB’s Beacon Chain is set to undergo a major upgrade on Sept. 2 at a block height of 264,000,000. #Binance will support the #BNB Beacon Chain (BEP2) and Beam $BEAM network upgrades & hard forks.https://t.co/vUjuFHPYGh — Binance (@binance) September 1, 2022 The upgrade is named the Gödel upgrade after Kurt Gödel and is designed to …
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U.S. prosecutors have been probing Binance’s anti-money laundering compliance, operations, and internal communications since December 2020, Reuters reported on Sep. 1, citing people familiar with the investigation. The report said the U.S. Justice Department sent the exchange a letter requesting the exchange to voluntarily provide records of communication involving founder Changpeng Zhao and 12 other …
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Rob Wolff, the host of the Digital Asset News YouTube channel, believes that weathering the storm is the only way to survive in the industry. 29 min watch Updated: September 1, 2022 at 1:56 pm [embedded content] The ongoing bear market seems to have shaken the confidence of even the most optimistic crypto investors. However, …
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A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. On Aug.31, an ad hoc group of 64 individuals represented by Togut, Segal & Segal LLP filed a lawsuit against Celsius with the New York Bankruptcy court. The group is asking …
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The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto Legislation in Coming Months A legislative package expanding the regulatory framework for …
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Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region. Bitcoin Bitcoin (BTC) briefly fell below $20,000 on Thursday, as …
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative …
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Top smart contract platform Ethereum (ETH) is flashing a potentially bullish signal amid the current bear market, according to crypto analytics firm Santiment. The market intelligence platform notes that traders are shorting Ethereum at the highest rate seen since June of last year. The firm says price upswings have historically been prevalent during these kinds …
A popular analyst is digging into the charts to provide updated price targets for Ethereum (ETH) and a trio of crypto assets. Michaël van de Poppe first tells his 624,300 Twitter followers that Ethereum’s price keeps rising even as funding rates dry up in advance of the project’s mid-September transition from a proof-of-work (PoW) consensus …
One crypto exchange’s former CEO is weighing in on the state of the economy after the Federal Reserve recently announced that it doesn’t plan to lower interest rates anytime soon. In a series of tweets, BitMEX co-founder Arthur Hayes hypothesizes how the Fed might be able to reduce assets and liabilities on its balance sheet …
In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits. According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. The law firm has also filed …
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