A new survey suggests that hedge fund executives, wealth managers, and institutional investors already holding crypto assets intend to increase their holdings. The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to […]
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday […]
Bitcoin price is holding gains above the $33,000 support zone against the US Dollar. BTC could start a fresh increase as long as it is above the $33,000 zone. Bitcoin corrected lower, but the bulls remained active above the $33,000 zone. The price is now trading just below the $34,500 […]
Bitcoin’s second-quarter price battering has pundits speculating that Tesla may have to report a loss of up to $100 million for Q2. With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an […]
Crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether. According to the July 6 blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to seven percent […]
One of the biggest BTC scams in Africa was placed in final liquidation last week. According to local reports, the development came at a time when liquidators in charge of the case revealed they had managed to recover an additional 8,000 BTC from the collapsed scam. This brings the total […]
Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone. The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be […]
Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the […]
A group of Italian and international investors have filed a class-action suit against major crypto exchange Binance, alleging the firm violated its own rules on futures trading. In a Tuesday announcement, Italy-based legal and consulting firm Lexia Avvocati said it would be taking legal action against Binance to recover damages […]
Two financial watchdogs in Beijing, the Beijing Local Financial Supervision and Administration Bureau and the Business Management Department of China’s Central Bank (PBoC) are shutting down firms that offer cryptocurrency-related services that enable crypto-trading. According to their joint statement, both regulators are implementing the crackdown on virtual currency transactions as […]
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