The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is now moving in “lockstep” with market equities. Hayes expects the Nasdaq 100 …
Tag archives: Bitcoin
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows
Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday, as prices …
FDIC Asks Thousands of Banks to Disclose Crypto Plans
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit Insurance Corporation (FDIC), an agency created by Congress to …
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Coinbase India debut in doubt following confusion with payment provider
Crypto exchange Coinbase suffered a setback in India due to a breakdown in its ramping process. The company at the heart of the storm is the National Payments Corporation of India (NPCI), which describes itself as “an initiative of the Reserve Bank of India (RBI) and the Indian Banks Association (IBA).” The NPCI operates the …
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Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases
The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to …
Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets
Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under a year after the Tanzanian President Samia Suluhu Hassan asked the country’s …
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Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees
The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges are also looking to help Ukrainian refugees abroad. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their country as a result of Russia’s invasion. Binance to Launch …
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Need to File Fast? Follow This No-Nonsense Guide From Koinly
sponsored Left your crypto taxes until the last second? Here’s how to get your crypto taxes done by April 18 with the least amount of friction possible. The IRS has been really clear that cryptocurrency is definitely taxed – and that they’re able to track crypto investments through various channels. In brief, crypto is subject …
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UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending. Five Crypto Firms Can Continue to Operate in the UK …
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Mexico’s Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to ‘Save Your Skin’
The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Mexican Billionaire Warns About Inflation Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Thursday regarding …
Elon Musk Suggests Making Dogecoin a Payment Option for Twitter Blue Service
Tesla and Spacex CEO Elon Musk has suggested making the meme cryptocurrency dogecoin (DOGE) a payment option for the Twitter Blue subscription service. Musk is now Twitter’s biggest shareholder. He recently promised to bring “significant improvement” to Twitter. Elon Musk Suggests Allowing Payments in Dogecoin Elon Musk, the CEO of Tesla and Spacex, has actively …
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Several Crypto Twitter analysts create LUNA “exposes,” Do Kwon responds
The ninth-largest cryptocurrency by market cap, LUNA, has come under fire this weekend as two relatively unknown analysts released an ‘expose’ on the LUNA / UST peg. @DeFi_Made_Here and @JackNiewold created two Twitter threads that managed to get the attention of Do Kwon himself. Unfortunately, the threads appear to have gotten under the skin of …
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A New Super PAC Aims to Elect BTC Advocates and ‘Vote out Anti-Bitcoin Politicians Like Brad Sherman, Elizabeth Warren’
On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only political committee called the Financial …
This Week’s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher
Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection that recorded the most sales …
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12 Companies Keep Close to $700 Million in Ethereum in Treasuries
During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to …
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