Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows exchanges have observed a vast Bitcoin outflow recently, a sign that whales may be going on a buying spree of the asset. Bitcoin Exchange Netflows Have Been Negative In Recent Days An analyst in a CryptoQuant post pointed out that...
Bitcoin News / Bitcoinist - 2 years ago
Gate Group, the company behind the popular exchange Gate.io, plans to launch a European crypto debit card to expand its reach to European countries. Users can seamlessly convert and spend their crypto assets with the card in everyday purchases. One...
Bitcoin News / Bitcoinist - 2 years ago
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer protection. On Wednesday, the Public Company Accounti...
Bitcoin News / Bitcoinist - 2 years ago
Dogecoin and Shiba Inu have had a tough go of it lately. Given that these are digital assets that are largely driven by hype, the decline in interest in the crypto market has greatly affected their performance. Amid all of these, both of these meme c...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, the Rehabilitation Trustee has pushed the registration deadline for claims against Mt. Gox for another month. The deadline was initially set for March 10 but will now be April 6, 2023. Mt. Gox was once the largest Bitcoin exc...
Bitcoin News / Bitcoinist - 2 years ago
Polygon has declined by 6% during the past day as whales have shown signs of selling. The asset has also been flipped by Dogecoin in market cap. Polygon Has Taken Another 6% Beating During The Past Day March hasn’t been a good month for the cry...
Bitcoin News / Bitcoinist - 2 years ago
Sam Bankman-Fried’s attorneys said Wednesday that a delay of his October 2 criminal trial may be necessary. Attorneys for SBF argued that additional time may be required to thoroughly review the evidence and prepare a defense for the upcoming t...
Bitcoin News / Bitcoinist - 2 years ago
Former CEO and co-founder of BitMex crypto exchange Arthur Hayes proposed a new stablecoin design with a value pegged to Bitcoin. He called it Satoshi Nakamoto Dollar (NUSD) or NakaDollar. The crypto community continues supporting stablecoins despite...
Bitcoin News / Bitcoinist - 2 years ago
Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8, one of the founders, Pablo Renato Rodriguez, ple...
Bitcoin News / Bitcoinist - 2 years ago
On January 15, the Shiba Inu network announced the Shibarium Layer-2 solution, highlighting the benefits of the new update. However, the developers didn’t provide a specific date for the launch in the announcement. Since then, the community has been...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, a crypto investor jabbed Senator Elizabeth Warren for criticizing Silvergate bank. Warren shared a Twitter post, reacting to the recent collapse of the bank and reminding the crypto community of her earlier warnings. But the...
Bitcoin News / Bitcoinist - 2 years ago
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has once again reaffirmed the agency’s position that stablecoins should be classified as commodities and placed under its jurisdiction. At a Senate Agricultural Committe...
Bitcoin News / Bitcoinist - 2 years ago
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a statement released on Wednesday. Hugh Gallagher, CF...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase has announced the launch of a new feature that the largest exchange in the U.S. claims will attract millions of users to web3. The new product, “Wallet as a Service” (WaaS), will allow businesses to build new web3 experiences wit...
Bitcoin News / Bitcoinist - 2 years ago
Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, crypto exchange FTX. Today’s announcement seems like...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset. Bitcoin Estimated Leverage Ratio Has Observed A Surge As an analyst in a CryptoQuant post pointed out, the open...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from CoinDesk, crypto exchange Gemini lost a major partner, banking Giant JP Morgan. The report cites a person familiar with the matter, which failed to provide further details about the decision. In the past years, as the pri...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from Reuters, the government of India has decided to introduce money laundering provisions in the crypto sector. The Finance Ministry released a notice on Tuesday stating that the anti-money laundering legislation shall be app...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin once again slid below the $22,000 price level following a particularly slow start to the week. This falls in line with the previously bearish trend that was triggered after the digital asset was rejected at the $25,000 resistance. However, th...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows that Bitcoin transactions going out of exchanges have been greater than the number of them going in since the FTX collapse. Bitcoin Exchange Withdrawals Have Been Above Deposits Recently As pointed out by an analyst on Twitter, BT...
Bitcoin News / Bitcoinist - 2 years ago
Regardless of the crypto market condition, regulators have continued to clamp down on several sectors in the crypto industry. Earlier today, the UK financial watchdog, proceeded in taking legal action against unregulated crypto ATMs in the city of Lo...
Bitcoin News / Bitcoinist - 2 years ago
Shitcoins are like fake coins that don’t work very well and can be a waste of money. And Vitalik Buterin, the co-founder of Ethereum, is aware of that. That’s why he has sold off the meme coins that were gifted to him in a move that...
Bitcoin News / Bitcoinist - 2 years ago
FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts hired to assist FTX in its Chapter 11 bankru...
Bitcoin News / Bitcoinist - 2 years ago
Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the country’s efforts to modernize its financia...
Bitcoin News / Bitcoinist - 2 years ago
Brad Garlinghouse, CEO of Ripple, took a swipe at the U.S. Securities and Exchange Commission (SEC) in a tweet today, reacting to recent setbacks the agency has taken since Monday. The SEC has suffered three setbacks in court this week. “ItR...
