Crypto news

Singapore-based cryptocurrency exchange Bybit said it is taking necessary steps to ensure that it understands the requirements of the Securities and Exchange Commission of Brazil (CVM) with respect to its services. The Brazilian watchdogs had banned Bybit from brokering securities. The CVM released a declaratory act earlier this week that ordered the suspension of the crypto platform’s security offerings and intermediation services directly or indirectly via websites,...

Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services.    Poolin Suspends Withdrawals, Flash Trade  Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to preserve liquidity amid a “dull crypto market.” The company is facing liquidity issues and...

Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation.   Institutional Access to ETH Staking   The transition is likely to take place sometime between September 10 and 20, with September 15 being referred to as the...

Former BitMEX CEO Arthur Hayes recently explained why he believes Ethereum does not qualify as money – whereas Bitcoin does.   He touched on the deflationary economics surrounding the upcoming Ethereum Merge, and why there’s more to the story when designing an effective monetary instrument.  Gas, or Money? In an interview with the Unchained podcast on Tuesday, Hayes argued that Ethereum can’t be money if it also serves other purposes. “Ethereum has use – you use it to power...

Das Hawala-Banking ist ein meist inoffizielles Zahlungsverfahren, das nur mit Bargeld abgewickelt wird. Hawala existiert seit Jahrhunderten und ist überwiegend im islamischen Raum verbreitet. Es ist nicht, mit „islamischem Banking“ gleichzusetzen. Hawala hat zwar seine Wurzeln im islamischen Kulturkreis, ist aber auch andernorts – wenn auch unter anderen Namen – verbreitet. Bekannt ist, dass es in Ostasien und Lateinamerika vergleichbare Geldtransfersysteme gibt. Bargeld lässt sich schwerer...

Ripple has not been exempt from the recent decline in the cryptocurrency market. Despite this, XRP paints a different picture against Bitcoin. It’s worth noting that there have been two entirely different outlooks when analyzing the two pairs. In the last 24 hours, the price fell by 8% while increasing by about 3% against Bitcoin. Technical Analysis By Grizzly The Daily Chart The bulls are undeniably weaker than the bears as lower highs, and lower lows are seen in the chart....

Despite falling prices and the overall dying positions of the crypto space, bitcoin bull and gazillionaire hedge fund manager Mike Novogratz recently commented that bitcoin is still a solid asset that’s worth holding. Mike Novogratz Remains Loyal to BTC The crypto space has been suffering heavily over the past few months. The world’s number one digital currency by market cap, for example, reached a new all-time high of more than $68,000 per unit ten months ago in...

Bitcoin has been experiencing a prolonged bear market since the all-time high of $69K in November 2021. The past 24 hours have also proven to be quite a challenge for the cryptocurrency as it dropped below $19,000. Yet, the next few days or possibly weeks are likely to be critical for the mid-term future of BTC’s price. Technical Analysis By Shayan The Weekly Chart Historically, Bitcoin bear markets have concluded after participants underwent a phase of massive capitulation...

Reddit – one of the most popular social media platforms around – has partnered with leading digital currency trading platform FTX to introduce a campaign known as Community Points. The campaign is presenting users with new ways to accept crypto payments. Reddit and FTX Join Hands Digital currencies have made their way into “speculative” and even “hedge fund” territories. Many have thought of bitcoin, for example, as a means of beating inflation and preventing one’s...

Phong Le – the new CEO of software giant MicroStrategy – explained in a recent interview that he was supportive of his predecessor Michael Saylor’s decision to buy bitcoin and add it to the company’s balance sheet. Phong Le on His Relationship with Saylor In recent headlines, Saylor announced he was stepping down from his position as CEO of the company he’s been running since 1989. Le will now take over as the new face of MicroStrategy while Saylor – who will not step...