Category Archive: Cryptocurrency, No picture
Bitcoin, Ethereum, and XRP Enter Downtrend With Few Signs of Slowing
Key Takeaways Bitcoin holds above the 100-day moving average while whales go on a selling spree. Ethereum presents a sell signal shortly after making a new all-time high. Ripple’s legal issues in the U.S. continue driving XRP’s price. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin, Ethereum, and XRP faced […]
Turkish Crypto Exchange Thodex Charged With $2 Billion Fraud
Key Takeaways The CEO of one of the largest crypto exchanges in Turkey Thodex is under criminal investigation. The complaint alleges that the CEO had run away with customers’ funds totaling over $2 billion. The Turkish Police have detained 62 people linked with the exchange and issued detention warrants for 16 more persons. This Exchange […]
Rebel Group of Locked Account Holders Complain of “Binance Hell”
Key Takeaways Binance users have banded together to try and get their accounts unlocked, many of which have been frozen since last year. Many users have had tens of thousands of dollars locked in frozen accounts with little to no recourse from the support system. Customer experiences include dead-end conversations with automated bots and a […]
Trust in Tether Returns After Coinbase Pro Lists USDT
This news was brought to you by Phemex, our preferred Derivatives Partner. An important win for Tether as Coinbase Pro adds support for the most popular stablecoin USDT after months of legal uncertainty around its parent company Bitfinex. Tether Is Back New York’s Department of Justice settled on Feb. 23 with Tether and Bitfinex after […]
South Korea to Curb Illegal Cross-Border Crypto Trading
Key Takeaways According to a report from Korea Economic Daily, there has been a sudden rise in bank transactions from Korea to China. Regulators suspect the transactions may be related to crypto traders looking for cross-border arbitrage opportunities. South Korea’s leading financial regulator is reportedly formulating new guidelines to strengthen the monitoring of cross-border transactions […]
SEC Says Ripple Harassed It Over Court Documents
Key Takeaways In December 2020, the SEC sued Ripple, alleging that the firm’s XRP sales constituted an unregistered securities offering. Recently, Ripple was granted access to certain SEC documents. However, the SEC alleges that Ripple has asked for more information than it is legally permitted to obtain. The SEC has accused Ripple of harassment, alleging […]
Binance Stock Trading Draws Attention of Regulators
Key Takeaways Regulators are examining Binance’s stock trading features. The FCA and others are concerned about whether Binance’s tokenized stocks represent securities. Binance maintains that Coinbase and Tesla stock tokens are traded with regulated entities, so there is nothing to worry about. This news was brought to you by Phemex, our preferred Derivatives Partner. The […]
Ark Investment Makes Its Case for a Greener Bitcoin
Key Takeaways Renewable energy sources often suffer from excess energy production at certain times. This extra energy could be used to mine cryptocurrencies and create a profit. This would generate extra revenue and drive investment to renewable energy sources. ARK Investment Management published a report rejecting the well-known narrative of Bitcoin’s heavy environmental impact. Bitcoin: […]
Whales Buy the Dip, Pushing Ethereum to New All-Time Highs
Key Takeaways Ethereum hit a new all-time high of $2,575. The bullish impulse seems to be fueled by a large number of whales that bought ETH at a discount. Further buying pressure could see Ether replicate Bitcoin’s price action and rise to $4,300. This Exchange News was brought to you by OKCoin, our preferred Exchange […]
Cries of Another Mt.Gox as Thodex Shutters Exchange, CEO Disappears
Key Takeaways Turkish crypto exchange Thodex has suddenly halted trading, leaving customers’ funds locked. A statement on Thodex’s website claims that services will be shut for around five working days pending an outside investment. The incident comes amid Turkey’s harsh regulatory plays against crypto. The central bank banned crypto payments last week. This Exchange News […]
