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Demirors however said she certainly expects “more pain ahead” for tech stocks and crypto as we head closer to recession. Demirors however said she certainly expects “more pain ahead” for tech stocks and crypto as we head closer to recession. Bitcoin (BTC) may have further to fall, but CoinShares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach...
Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-2 network. Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-2 network. More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by...
The document is the first publication from the department to stem from President Biden's executive order on digital assets. Treasury Secretary Janet Yellen (Alex Wong/Getty Images) The U.S. Treasury Department published a fact sheet Thursday outlining how it could work with foreign regulators to address the cryptocurrency sector. Thefact sheet, which is the first report published by the department as...
Withdrawals should be resumed “shortly,” said the company, which had suspended that feature on June 17. Brazilian flag. (Mateus Campos Felipe/Unsplash) Global crypto exchange Binance resumed deposits in Brazilian reals through the government's payment system Pix on Tuesday. Brazilian reals’ withdrawals via Pix are still suspended and should resume “shortly,” Binance told CoinDesk in a statement. On June 17, the...
Major crypto exchanges reported that consumers purchased up to three times as many stablecoins over the weekend as they usually do amid a brewing economic crisis. Argentina flag. (Angelica Reyes/Unsplash) Following the resignation Saturday of Argentina's economy minister Martin Guzmán amid an economic crisis, Argentines purchased between two and three times as many stablecoins as they do on a typical...
MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said. The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed. The Commodity Futures Trading Commission (CFTC)describedthe case as its “largest ever fraud...
Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading. Investors who hodled bluechip ICOs generated sizable returns. (Cryptograffiti) Good morning. Here’s what’s happening: Prices:Bitcoin slogs toward $20K; ether and other cryptos slide. Insights:The performance of blue chip...
With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning...
Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders. Coinbase Derivatives Exchange, formerly known as FairX,is launchingits first crypto derivatives product this month, hoping to attract more retail traders. The CFTC regulated futures exchange will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according...
Ransomware actors raked in all-time-high of $731 million in crypto payments in 2021 – and 2022 is on track to be another record year for crypto-enabled cyber crime. Chainalysis CEO Michael Gronager (Danny Nelson) Blockchain research firm Chainalysis has launcheda new hotlinethat will provide support for organizations that have been targeted by a crypto-related cyber attack or ransomware demand. The...
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