Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been…
‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days
Whales appear to be accumulating in anticipation of higher prices, with “millionaire” wallets increasing their holdings by 90,000 BTC in just 25 days. Bitcoin whales are stocking up, with “millionaire”…
World Bank refuses El Salvador’s request for help on BTC transition
The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. The World Bank has refused El Salvador’s request for…
SynFutures raises $14M for derivatives DEX supporting ‘anything with a price feed’
Polychain Capital led the derivative DEX’s $14 million Series A round. Forthcoming decentralized derivatives exchange SynFutures has closed an oversubscribed $14 million Series A funding round led by Polychain Capital.…
Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting
Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on bets of increasing anti-inflation, but a looming death cross could spoil the upside outlook. Bitcoin (BTC) wobbled around $40,000…
Thailand’s XSpring Capital raises $225M to build integrated financial marketplace
Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance. Investment management company XSpring Capital has secured a large funding round with partners in…
‘I have nothing’: Imprisoned John McAfee claims his crypto fortune is gone
John McAfee asserted in an extradition hearing in Spain that the tax evasion charges aimed against him are politically motivated. Software antivirus pioneer John McAfee has told his one million…
Indonesia’s central bank marshals staff to enforce crypto payments ban
Indonesia’s central bank is sending supervisors out to ensure local financial institutions aren’t defying the nationwide ban of crypto payments this bull season. Indonesia’s central bank governor, Perry Warjiyo, is…
Pantera CEO: Crypto market ‘panic’ is subsiding, now’s the time to buy
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap. The chief executive of Pantera Capital, Dan Morehead, is confident that the big…
Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is Transitory
The latest Bank of America’s Global Fund Manager Survey shows that “long bitcoin” is now the second most crowded trade. Moreover, most fund managers believe bitcoin is in a bubble…
Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re…
General Motors CEO: ‘Nothing Precludes GM From Accepting Bitcoin if There’s Consumer Demand’
The CEO of General Motors (GM), America’s largest automaker, says that nothing precludes her company from accepting bitcoin if there is consumer demand for it. “Certainly, we want to make…
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of…
CNN selling historic news ‘moments’ as NFTs
CNN will drop NFTs depicting historic moments such as space travel, technological advancements, and presidential elections. CNN has followed Fox and Time Magazine into the NFT market, announcing the launch…
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit. It’s as miraculous as Aladdin taking off on a magic carpet:…