As the cryptocurrency industry continues to expand around the globe and across a wide range of businesses, financial institutions are seeing a surge in demand from customers for services and investments in the crypto license that are both secure and compliant with regulatory requirements.One institution that has taken the initial steps toward delivering digital asset-related services is the German-based Commerzbank, which ha
Indonesia's Financial Services Authority (OJK) has outlawed financial institutions from engaging in cryptocurrency trading, promoting it, or crypto ban in Indonesia. The banking authority also warned the public to look for fraudulent Ponzi schemes that masquerade as cryptocurrency investments.The Cryptocurrency Warning from the Indonesian RegulatorIn a warning issued on Tuesday, Indonesia's Financial Services Authority (OJK),
According to Kris Marszalek, CEO of cryptocurrency exchange Crypto.com, hundreds of users' accounts were accessed, and monies were taken as a result, although the technique of cryptocurrency hack is unknown.According to Marszalek, roughly 400 crypto accounts hacked in an online interview with Bloomberg on the 19th. According to him, regulators have yet to contact him about the crypto hacked attack, but he says he's willi
According to a CoinDesk study, cryptocurrency miners planning to go public will likely encounter difficulties in the coming months as bitcoin price falls due to crypto tax. The decline in cryptocurrency prices may damage Core Scientific, which plans to go public through a combination with Power & Electronic Infrastructure Acquisition Corp. through a SPAC.The bitcoin mining company Rhodium Enterprises, due to cryptocurrency t
If you're a cryptocurrency investor, you've probably heard a lot about staking. Staking crypto confirms transactions in numerous cryptocurrencies while also allowing users to earn rewards for their investments.What is cryptocurrency staking, though? Staking crypto is the process of pledging your crypto assets to a blockchain network to support it and confirm the transactions.Staking is compatible with cryptocurrencies tha
Earlier this month, CryptoWire, a cryptocurrency super app, announced the establishment of the country's first cryptocurrency index, which will assess the performance of the 15 most commonly traded cryptocurrencies listed on recognized cryptocurrency exchanges, as measured by market capitalization.CryptoWire managing director Jigish Sonagara stated at the time of the crypto index launch that "the index has been designed to
Throughout its 13-year history, Bitcoin has been the most valuable cryptocurrency by market capitalization. Still, its dominance has dwindled from a stable over 80 percent in 2013 to an average of 50-60 percent in the next four years.Altcoin to watch 2020 market share had fallen to an all-time low of 32.81 percent on January 15, 2018, when the total cryptocurrency market capitalization reached $700 billion. Because of the in
Bearish:Indian police have seized an ATM that was set up by local cryptocurrency exchange Unocoin in Bangalore. Harish BV, co-founder and CTO of the Unocoin, has been arrested while he was attending the crypto ATM. Reminder: earlier in April, the Reserve Bank of India (RBI) directed all financial institutions to stop providing services to businesses associated with cryptos.
Bullish:Bakkt has officially announced that Bitcoin
after a few months of withdrawal delays, cryptocurrency exchange Bitfinex has temporarily suspended USD deposits, expecting the situation “to normalize within a week”. Bitcoin is being traded with ~2% premium on Bitfinex, which might be connected to USDT price decline from $1 to $0.98. Reminder: Bitfinex has serious banking problems since 2016, when it was fined by CFTC for offering unregulated margins, so the ex
Speculation on crypto price has for a long time been the main route for people to access cryptocurrency. Is this something that is bad or can it work in your advantage?
What Is Crypto Speculation?
Speculation is the act of allocating funds to financial transactions that are considered to be substantially risky. You must be wondering: “why will anyone put his or her money in a deal that could fatally crash?’
The thing is