In a statement released on Wednesday, FTX, the bankrupt cryptocurrency exchange, disclosed that it transferred about $2.2 billion to its founder Sam Bankman-Fried through related entities. The transfers were made chiefly from the Alameda Research hedge fund and were part of over $3.2 billion in payments and loans to company founders and key employees.
Background
FTX filed for bankruptcy protection in November, citing its ina
Major Insights-
Cryptocurrency traders use trading signals and bots to assist in making profitable trading decisions.
Trading signals can be generated automatically or manually by experienced traders using various specialized indicators.
Choosing a reliable trading signal service is important for successful cryptocurrency trading.
The Importance of Trading Signals for Cryptocurrency Traders in 2023
Cryptocurrency trading
According to a recent report, Kazakhstan's government has established new reporting criteria for Kazakhstan crypto miners to understand better the impact of the industry's energy use on the country's power infrastructure. As part of the country's efforts to reduce power use, cryptocurrency mining businesses will be obliged to provide precise details about their activities.In accordance with the regulation, which was released
South Korea's newly-elected president, Yoon Seok-yeol, declared on Tuesday that he would compel the country's tax authorities to withhold taxes on South Korea crypto tax investment choice gains at the very least until a new set of regulations called the Digital Asset Essential Act is passed.South Korea's cryptocurrency tax was originally scheduled to take effect in 2022, but it was postponed to the fiscal year 2023 in Decem
In a recent earnings call, the CEO of Singapore's DBS crypto exchange said that his firm's first emphasis is on extending its cryptocurrency services to accredited and institutional investors and that the bank would explore starting a retail line of business if regulators and technology are in place.According to the DBS crypto exchange, a retail cryptocurrency trading desk would be launched by the end of 2022, which said thi
Three cryptocurrency ETF Australia funds set to debut on the Cboe Australia exchange have been postponed due to ongoing "checks." The scheduled launch of Australia's first 3 crypto ETF funds on Wednesday has been postponed due to additional "checks."A 21Shares representative told Cointelegraph that "the infrastructure is being built from the ground up" and that "a downstream service provider needs more time to support the laun
On Wednesday, the Federal Bureau of Investigation detained a 37-year-old man for an alleged crypto mining scam of over a dozen people out of $1.8 million in a lengthy crypto mining scheme.Officials say Chester "Chet" Stojanovich pretended to be a crypto mining equipment dealer between March 2019 and September 2021, convincing would-be customers to pay large sums for mining machines as well as miner-hosting facilities, which St
Britain's previous approach to financial technology regulation has been held up as the de facto benchmark, but its more risk-averse stance has stifled the sector's expansion in crypto, according to industry crypto regulators.Investors have been warned by the Financial Conduct Authority and the Bank of England several times since token prices started rising in 2020, but crypto regulation in the U.K. is only just now beginnin
Amid the pioneering fintech revolution, the biggest risk to bitcoin may be money laundering and its use to finance terrorism, stated Nirmala Sitharaman about cryptocurrency on April 18. Ms. Sitharaman stated during her talk at a seminar during the International Monetary Fund's ongoing spring meeting: "I believe the greatest danger for all nations would be the money laundering component and the currency being used to finance
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
Since mid-January, Shiba Inu Robinhood has begun to form a much-anticipated wedge formation that is supposed to lead to a bullish breakout. This structure's top trendline signaled an upward break even though the price was trading below both contracting trendlines.As early as February, there were rumors that Robinhood might begin trading SHIB tokens. It took six months of persistent campaigning by Robinhood's users before the
In a significant upgrade, Ethereum, the Blockchain underlying the cryptocurrency Ether, wants to reduce the massive energy use in Ether mining by 99.95%. The firm has declared that it would abandon the current Proof-of-Work system in favour of one based on Proof-of-Stake (PoS) (PoW).Because of the latest upgrade, "Ethereum upgrade will have nearly the same energy consumption as operating a personal computer for each node on t
Now, people in Dubai can purchase and sell items using money after crypto regulation. President Mohammed bin Rashid, who serves as Vice President and is also the ruler of Dubai, said that the emirate had enacted its first legislation on virtual assets.People in Dubai are working on crypto regulations that will protect investors while also assisting companies in growing in a manner that is beneficial to everyone.Consequently, t
Several media outlets indicate that the US government is considering regulate cryptocurrencies like bitcoin. This week, US President Joe Biden is expected to sign an executive order outlining the federal government's digital asset policy.A central bank digital currency (CBDC) research and a government plan to control digital assets are expected to be directed by the presidential order issued this week by crypto regulation U
Early 2023 will be blessed with a digital euro because a bill for a digital euro will be proposed the following year. EU finance chief Mairead McGuinness has mentioned in a conference reported by the politico that the European Union would conventionally go for legislation around a digital euro next year. This new digital Euro will be nothing but the EU's version of a central bank digital currency, i.e. CBDC. A central bank di
Suppose the revision of the regulation is approved. In that case, it will simplify domestic exchanges to add more cryptocurrencies without having to go through a lengthy screening procedure for crypto coin listing.According to media reports, the Japanese government is mulling a plan that would make it simpler for regulated cryptocurrency list exchanges to offer digital assets in the country's retail trading market.According
In an editorial article published in the New York Times on Thursday, Nobel Prize-winning economist Paul Krugman cryptocurrency linked the recent cryptocurrency fall to the subprime mortgage crisis in the United States.According to the economist, the crypto market crash has "uncomfortably resembled the subprime mortgage meltdown of the 2000s." According to the analyst, the crypto market has lost $1.3 trillion in value in re
The bitcoin industry has seen enormous transformations during the previous decade regarding crypto price prediction. When Bitcoin first emerged as a fascinating experiment for institutional investors, it was considered a new asset class and a form of electronic gold.Bitcoin (BTC)Higher Bitcoin prices are supported by several reasons, including a rise in demand for Bitcoin ETFs.Some analysts believe that Bitcoin's cryptocurre
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),
Russia has already made it illegal to accept cryptocurrencies as a form of payment in exchange for products or services. On the other hand, the study emphasized the need for increased punishments for individuals who break the rules.Ruling out cryptocurrency trading and mining in Russia, the country's central bank today called for a blanket ban on cryptocurrency, claiming that they are "volatile and widely used in illegal act
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
High levels of unpredictability and volatility characterize cryptocurrency trading. However, the sheer structure of the sector often results in windfall profits for certain investors. The new year started with a lot of optimism for the larger players, such as Bitcoin and Ethereum, but they have yet to experience a significant increase in value. Bitcoin has been in a downward spiral for most of this year, and hence people have
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
Businesses should give cryptocurrency more attention as time goes on to stay up with a changing financial landscape and reap the benefits of cryptocurrency on the blockchain. Although there is a learning curve for merchants, there are various benefits of cryptocurrency in business.Flexible paymentsCustomers have become accustomed to having a variety of payment alternatives. Bitcoin is the next stage in transactions, and it'
The crypto market is down 8.99% in the last 24 hours (1 pm, Thursday 7 January 2022).Cryptocurrencies are experiencing turbulence after a year of increases and record highs, with no crypto market prediction on price movements.Following China's announcement of new limitations, investors began selling mining equipment, causing Bitcoin and other top cryptocurrencies to plummet in value.Bitcoin (BTC) -6.65% (£31,852.48)Ethere
The year 2022 has just recently begun, and crypto airdrops alerts are becoming more popular than ever. They are often used to reward the community for their support, but they are also utilized as a marketing tool to promote projects and cryptocurrency tokens. Regardless of the kind of crypto airdrop 2022 you participate in, you will have the chance to get some new tokens and maybe even become associate
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 designe
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
Blockchain is not just a difficult idea to grasp for those unfamiliar with the word, but it also has an intriguing backstory that lends it an air of mystique about it. The design was the underlying concept of the future of blockchain technology, which functions as a decentralized public ledger. This technology, like any other, has a past, a present, and a bright future to consider, just like any other technology does. Conside
It wasn't clear how the bitcoin mining business would evolve when first introduced in 2009. As a result, the world's first cryptocurrency quickly established itself as the dominant player in the market, far ahead of its rivals because of the highest number of bitcoins mined today.Another crucial milestone has been reached for bitcoin mined. Another crucial milestone has been reached for Bitcoin. 90% of all&
Regardless of the downturn of the market in 2018, we experienced the level of crypto adoption never seen before as development teams strived to market their products to merchants all over the globe. Judging from the reports making the rounds in the crypto space, it is safe to say that the same level of retail-driven adoption is already shaping up to transform the general outlook of the market in 2019.
What we have learned so
Hackers:
New Zealand-based cryptocurrency exchange Cryptopia has resumed trading on 40 trade pairs, according to a tweet from the firm on March 18. In the tweet, the company announces that it has “resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.” This update follows the exchange’s recent announcement of the plans to reopen trading on its
Hackers:
Most experienced Crypto users are well-aware of the means that must be undertaken to protect their wealth. Thus, most experienced Crypto users strictly avoid hot wallets and opt for hardware wallets, as it’s widely known that hardware wallets can enable coin transfers without the security risks associated with hot wallets. The private keys stored in hot wallets are extremely vulnerable to cyber-attacks and this m
Facebook’s relationship with the crypto space has caused a lot of controversies recently. It is one of the biggest tech companies in the world and therefore commands the level of firepower that could either make or break concepts that attracts its attention. While Facebook has done tremendously well in facilitating a conducive environment for budding technologies, yet it remains skeptical of the viability of cryptocurrency.
Hackers:
Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a number of cryptocurrencies. DragonEx announced the news on its official Telegram channel on Monday, stating that, on Sunday, March 24, it had suffered a cyberattack that saw cryptocurrency funds owned by users and the exchange “transferred and stolen.” No information has yet been provided on the value of the losses. On Su
The controversy surrounding the much talked about Brexit is getting messier with every passing day. As a matter of fact, it is becoming difficult to gauge its ramifications on the economy that has prided itself as one of the most effective financial hubs in the world. One thing is for sure, Brexit will definitely have an effect on the global economy.
Although crypto is built on a decentralized system, still the imminent break
Hackers:
South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform aft
Bearish:
Arthur Hayes, the CEO of Hong Kong-based cryptocurrency exchange BitMex, told Yahoo Finance that the lack of volatility in Bitcoin (BTC) could continue in 2019 and 2020, while price might slowly fall to as low as $2,000. He further explained that Bitcoin requires volatility to gain mainstream adoption, but media writes about things that move, so “no movement, no coverage”. Reminder: in July, Arthur Hayes stated o
Bearish:
the U.S. Securities and Exchange Commission (SEC) has charged the founder of decentralized exchange EtherDelta, Zachary Coburn, with a violation of the federal securities laws for operating an unregistered securities exchange. EtherDelta is a smart contract on the Ethereum blockchain, which acts as a secondary market for trading ERC-20 tokens, including tokens that are securities under the federal law. However, the
Various theories exist in the trading sphere. One of such theories is the Halloween effect which is also called the Halloween strategy or the Halloween indicator. Stock market traders, in particular, are more inclined to lean towards accepting this theorem since it is believed that it is integral to the cycle of the market.
On the other hand, the crypto traders are yet to fully grasp and link the effect of this concept to the
The mainstream status of crypto and blockchain has led to an explosion of crypto-related firms. Consequently, this has become a catalyst for the emergence of regulations and policies that are meant to set standards for crypto-related firms. You must have heard that various nations are working on rolling out tax policies or guidelines that will help individuals and firms properly pay taxes on their crypto related revenue.These
Hackers:
the official Twitter handle of Google’s G Suite has been compromised to promote 10,000 Bitcoin (BTC) giveaway scam to its 822K followers. An official Twitter account of US retail giant Target has been hijacked to promote fake giveaway to almost 2 million followers. Numerous high profile verified Twitter accounts have been recently hacked to promote malicious giveaways. The list of victims includes celebrities, pol
Bearish:
Hong Kong-based cryptocurrency exchange OKEx announced that it will delist 50+ trading pairs with low liquidity and trading volume. Reminder: earlier this month, OKEx added support for 4 new stablecoins pegged to the U.S. dollar: GUSD, PAX, USDC, and TUSD.
Bullish:
the Shenzhen Court of International Arbitration declared that cryptocurrencies such as Bitcoin must be treated as legal property, despite the ban from
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
Choosing cryptocurrency to invest in can be hard, especially as the market change so quickly. Lately, we’ve seen a major drop over the whole crypto space. Is now a good time to get into Litecoin?
What Is Litecoin?
Litecoin was introduced by Charlie Lee in 2011 and it has become one of the top and consistent cryptocurrencies ever since. The coin, which is hardfork of bitcoin, functions as a peer to peer medium for transacti
Not having an investment plan for cryptocurrency investing, or any other market for that matter, can result in heavy loss of your funds. A long-term investment approach is just one of the strategy you can choose to adopt. Find out the best cryptocurrency investment strategy here.The crypto market is poised for another bull run as various institutional investors are eyeing the possibilities of adopting cryptocurrencies. As such
Bearish:
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
During the past few years, Bitcoin got lot of media attention and people saw the coin as an investment opportunity. Even so,during the past 6 months it experienced, what some might call, “a steep decline”. The diehard critics went further and said that Bitcoin is slowly dying. Most of them pretend that it’s only a matter of time until Bitcoin will vanish, they call it a Ponzi scheme.
Well, there are ups and downs in eve
Introduction
Bitcoin, the world's first and most well-known cryptocurrency, has seen a tremendous surge in popularity in recent years. With more and more people looking to invest in Bitcoin, various investment options have emerged, including Bitcoin ETF.
In this article, we will explore everything you need to know about Bitcoin ETF. We will discuss what Bitcoin ETF is, how it works, and the benefits and drawbacks of investin
In 2023, when considering investment or involvement in finance, conducting a thorough analysis of market movements is crucial to alleviate any doubts. However, choosing the right technique to analyze market situations is not always easy.
Whether performing fundamental or technical analysis, both approaches have their own unique methods. Technical analysis involves analyzing previous market charts and predictions to refine pre
