Saxo Bank to Comply With FSA Orders To Dispose of Its Crypto Assets
The Financial Supervisory Authority (FSA) of Denmark has demanded that the Investment Bank Saxo dispose of its cryptocurrency holdings. Meanwhile, the FSA statement cited Section 24 of Denmark’s Financial Business Act, which states that Saxo Bank’s crypto activity “lies outside of the legal business area of financial institutions.” As per the statement, the Danish FSA […]
Shiba Inu (SHIB) Sees Major Rise in New Daily Addresses: Report
Market intelligence platform Santiment informed crypto Twitter today that Shiba Inu (SHIB) has seen a significant rise in new daily addresses created, consistently registering over 2,500 per day in the past few weeks. According to the analytics platform, Shiba Inu was one of the tokens accounting for the highest transaction fees on Wednesday. 😺 #ShibaInu […]
Binance Announces Retirement Of Deposit Addresses & Memos In Q3
Earlier today, the world’s leading crypto exchange Binance announced that it will retire selected deposit addresses and memos in batches by networks from July to September. The move comes as a measure to upgrade the Binance wallet infrastructure, enabling better efficiency and fund security for users. #Binance will be retiring selected deposit addresses and memos […]
Cardano (ADA) Puts Pressure on $0.3 in a Developing Bullish Trend
ADA, Cardano’s native cryptocurrency, is attempting a recovery after falling to a yearly low of $0.220 on June 12, 2023. The price slump pushed ADA below significant support at $0.3, flipping the level into the key resistance. However, a surge from the year’s low price returned the price to the resistance, with the price attempting […]
Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%
Grayscale Bitcoin Trust’s (GBTC) share price surged to a one-year high on Tuesday as a report about investment asset manager Fidelity Investments preparing to follow BlackRock’s application for a spot bitcoin (BTC) exchange-traded fund (ETF) with its own, renewed optimism about converting the trust into an ETF. GBTC closed at $19.47 Tuesday afternoon, gaining 7.1% […]
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’
Bitcoin is Comfortable at $30K Most major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets. Bitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data. Layer 2 tokens, such as […]
The Future of Cryptocurrency: Predictions and Trends for 2023 and Beyond
Cryptocurrency has been a topic of great interest and speculation in recent years. The market has experienced significant ups and downs, leaving investors and experts wondering about its future. In this article, we will delve into the predictions and trends for cryptocurrency in 2023 and beyond. While it’s impossible to say with certainty what will […]
How to Make Money with Cryptocurrency: 10 Proven Strategies
Make Money with Cryptocurrency in 2023: Introduction Cryptocurrency has emerged as a revolutionary financial instrument that offers opportunities for individuals to make money online. With the rapid growth of the cryptocurrency market, there are numerous ways to generate profits, ranging from investing to active trading to staking. In this article, we will explore 10 proven […]
Prime Trust Has ‘Shortfall of Customer Funds,’ Nevada Regulator Says
Crypto custody firm Prime Trust has “a shortfall in customer funds” and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The Department’s Financial Institutions Division (FID), which oversees state-regulated trust companies, ordered Prime Trust to cease all activities which violate Nevada regulations, alleging that the […]
OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice Tokens
OPNX, the bankruptcy claims exchange tied to the founders of defunct hedge fund Three Arrows Capital, has filed a defamation lawsuit against venture capitalist Mike Dudas, according to Three Arrows co-founder Kyle Davies and New York State court records. In a summons notice filed in early June, OPNX alleged Dudas published defamatory comments about the […]
Bitcoin Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data
After surging for two days on spot bitcoin ETF euphoria, the price of bitcoin (BTC), the largest cryptocurrency by market capitalization, stalled. BTC was recently trading at about $30,180, roughly where it stood 24 hours ago when investor optimism spiked after three financial services powerhouses, including BlackRock – the world’s largest asset manager – applied […]
Should I buy Bitcoin or not? A guide for beginners and advanced traders
Is it worth buying Bitcoin? The question “Should you buy Bitcoin or not?” is a question many investors are asking when discovering cryptocurrencies for the first time. The short answer is: It depends on your goals, your time horizon, and your risk tolerance. Bitcoin is considered the most well-known cryptocurrency and is limited to 21 […]