The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law. In a Monday notice from the Ontario Securities Commission, or OSC, the regulatory body alleged Bybit had “failed to comply with the registration and prospectus requirements under Ontario …
Author archives: Adam Owen
Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts: China cracking down on the bank accounts of #bitcoin OTC desks, …
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Institutional selling of crypto reaches longest streak since Feb 2018
Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares. Outflows from digital asset investment products totaled $79 million last week, marking the third consecutive weekly decline and the longest stretch of drawdowns since February 2018. Outflows from Bitcon funds …
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Price analysis 6/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell. Bitcoin (BTC) dropped over $1,000 within a few minutes as news hit the stands that the third-largest Chinese bank, the Agricultural Bank of China, will not allow the use of its services for crypto …
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Bitcoin Slumps as China Tightens Regulations, HT, DOGE, XDC, Jun. 21
Bitcoin price is lower on Monday after China blocks banks from Cryptocurrency activities. XDC rises 20% with Flare Finance partnership. BTC Bitcoin has dropped to the $33k level and may look to test the May price lows at $30k after China’s central bank tightened restrictions on the cryptocurrency market. The People’s Bank of China (PBOC) …
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UTU and Ocean Protocol Partner To Enhance Trust in the Data Economy
June 21, 2021 – Nairobi, Kenya UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market data marketplace and explore ways to share data. Ocean Protocol is an ecosystem that unlocks the value of …
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Legendary Trader Peter Brandt Says He’s Now More Comfortable Holding Cash Than Crypto – Here’s Why
Veteran analyst and crypto trader Peter Brandt says he’s now more comfortable holding cash than Bitcoin and crypto. In a new tweet, Brandt tells his 535,600 followers that he trimmed his crypto holdings which previously made up 25% of his investment portfolio. ADVERTISEMENT “Crypto was once 5% of my invested capital, then became 25%. …
SEC Looks To Implement New Crypto Regulations, Says Commissioner Hester Peirce
Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), is hinting that new crypto regulations may be around the corner. In an interview with Bloomberg, Peirce names three main aspects of the crypto space that she hopes to tackle soon. ADVERTISEMENT “I hope that we can provide clarity in a few different …
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Zebpay will join organization proposing regulatory framework for crypto in India
Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity for crypto in the country. According to a Monday report from The Economic Times, executives from some of India’s crypto exchanges said their businesses are considering joining IndiaTech in an effort to pressure the …
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Malta Chamber of Commerce business unit responds to allegations of lax crypto oversight
A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018. The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to a Sunday report from the …
If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?
In a recent interview with Lex Fridman, Charles Hoskinson — founder of Cardano and co-founder of Ethereum — offered his views on Bitcoin (BTC). The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin 2021 conference in Miami, comparing the whole …
BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban notice
The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled …
How NFTs are boosting efforts to save endangered Rhinos
Last week saw Saving the Survivors, the Lady Rocket Foundation, and Copernic Space announce their launch of the Satellite Rhino non-fungible token (NFT) series to help finance the organization’s needs to better rescue Rhinos from poaching. The organization, which directs many of its efforts to help sustain the dwindling population of rhinos around South Africa, …
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MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC
Business analytics firm MicroStrategy has acquired 13,005 Bitcoin (BTC), CEO Michael Saylor said in a tweet today. The firm now holds over 105,000 Bitcoin in total as a result. “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin,” tweeted Saylor, adding: “As of 6/21/21 …
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Microstrategy Buys $489M Worth of Bitcoin — Company Now Holds More Than 100,000 BTC
The independent, publicly-traded business intelligence company Microstrategy announced the acquisition of 13,005 bitcoin on Monday, at a purchase price of approximately $489 million in cash. The company’s CEO Michael Saylor revealed the latest purchase on Twitter, and the firm now has more than 100,000 bitcoins on its balance sheet. Microstrategy Now Holds 105,085 Bitcoin Michael …