Crypto news

Amidst regulatory headwinds back home, the Winklevoss twins have doubled down their efforts to expand Gemini’s offerings to non-US residents. The new service aims to target both retail and institutional traders but will exclude users from UK and EU. Gemini Foundation – the highly anticipated non-US derivatives platform – went live on May 1st for customers in all 29 available jurisdictions, including Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, British Virgin...

A Democratic presidential candidate is pushing against the growing anti-crypto sentiment within his party by blaming regulatory agencies’ “war on crypto” for various bank failures that transpired in March.  In recent days, environmental lawyer Robert Kennedy Jr. has spoken out against the Biden administration’s general handling of the ongoing banking crisis, opposing the bailout approach used by financial agencies.  The War on Crypto In a tweet on Tuesday, Kennedy backed an...

Europol announced on May 3 the conclusion of Operation SpecTor, which spans through multiple jurisdictions and recently brought down Monopoly Market, another dark market that sprang up after previous ones were hated. Hundreds of Arrests and Seizures According to a press release published early this morning, Europol coordinated authorities across the U.S., Austria, France, Germany, the Netherlands, Poland, Brazil, Switzerland, and the U.K. to unravel the threads exposed by the...

Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that should support bitcoin mining activities in the Himalayan country. Recent sources suggested that the nation might have been secretly producing BTC since 2017, using its vast amount of hydropower.  Bhutan’s Mission to Become a BTC Mining Hub The government of the landlocked country...

The Federal Reserve announced another small increase to its benchmark rate on Wednesday, bringing it between 5% and 5.25%.  Bitcoin’s price remained relatively flat on the announcement, fluctuating between $28,000 and $28,500.  The increase was largely in line with expectations, with the market only pricing in an 11.8% chance that the Federal Open Markets Committee (FOMC) would keep its rate flat, per the CME FedWatch tool.  The central bank has been increasing its interest...

Now that 2023 has arrived, bitcoin has found fresh ground following the ongoing banking crisis that has led to the closure of institutions like Silvergate, Silicon Valley Bank, and Signature. Bitcoin Could Do Even Better Many analysts and crypto industry heads believe this banking crisis is going to continue now that Deutsche Bank is at the helm of controversy, and with heavy regulatory issues in play, bitcoin – they believe – could be poised for a solid breakout in the...

With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter. Inflation and Counterparty Risks Drive Bitcoin Adoption In a recent CNBC interview, Saylor noted that two dynamics are pushing the broad adoption of Bitcoin. He revealed that the first one is the concern about inflation. Saylor believes these issues result in the loss of confidence in fiat...

The relationship between Venezuela and crypto has always been a bit wonky, and this month is no exception. The arrest of the nation’s superintendent of crypto assets Joselit Ramirez has caused a huge uproar in the nation, and President Nicolas Maduro has ordered the region to completely upend its digital currency regulatory agency. Venezuela Is Acting Fishy Regarding Crypto Right now, it is widely rumored that all the crypto exchanges that have been established in...

Bitcoin’s price has been consolidating between the 50-day moving average at $28,310 and the $30K resistance region. However, it seems likely to break out of this decisive range, determining its upcoming rally’s direction. By Shayan The Daily Chart After finding support at the 50-day moving average of roughly $27K, the price started a steady uptrend, aiming to surpass the $30K region for the second time. However, Bitcoin failed to surpass this crucial resistance zone,...

Celsius Network founder Alex Mashinsky – who was accused of defrauding investors out of billions of dollars in crypto by concealing the failing health of his now-bankrupt lending platform – has filed a response seeking to dismiss the New York State complaint against him. The complaint was filed by New York State Attorney General Letitia James in January. It claimed that Mashinsky persisted in promoting Celsius as a safe alternative to banks, but users had to pay interest as...