Crypto news

Michael Demissie, the head of digital assets at Wall Street powerhouse Bank of New York Mellon (BNY Mellon), has disclosed that investors are still very interested in the digital asset space amid the bear market. According to a Reuters report, Demissie believes cryptocurrencies are here to stay as investors have not lost interest in the nascent industry, despite the collapse of several firms and other unfavorable events that occurred last year. Demissie: Digital Assets are...

Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services.  Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing.  According to the SEC’s press release, by letting users hand over their cryptocurrency in exchange for a promised return, Kraken’s...

Deutsche Bank AG’s asset management arm, DWS Group, is currently in talks with two German cryptocurrency firms over minority stake acquisitions. The investment is part of DWS’s efforts to revive growth and investor confidence, Bloomberg reported Wednesday, citing people familiar with the matter. DWS Group to Invest in Two Crypto Firms As per the report, DWS Group’s CEO Stefan Hoops plans to invest in Frankfurt-based crypto exchange-traded products provider Deutsche Digital...

Disgraced crypto VC Zhu Su has officially announced his next project: “Open Exchange” – a crypto marketplace for claims and derivatives trading.  The company is intended to help investors who lost money in 2022’s wave of industry bankruptcies – though crypto Twitter isn’t exactly enthusiastic about the idea. Rebuilding Crypto Per a Twitter thread from Su on Thursday, the exchange is being built using “all the pain/lessons” learned from the team’s experience last year. Su’s...

The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again came to blows over the issue. In August 2022, Binance CEO Changpeng Zhoa and WazirX CEO Nischal Shetty publicly accused each other of lying about the latter’s ownership. WazirX Threatens Binance With Legal Action In the latest, WazirX described the allegations made by Binance’s...

Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014. During an interview with ReasonTV published on Wednesday, the venture capitalist discussed the future of crypto adoption and regulation, alongside the role of Bitcoin as money.  Crypto, Not Bitcoin According to Andreessen, crypto and Web3 represent “the other half of the internet,”...

The World Economic Forum (WEF) takes place every year in Davos, Switzerland. This time around, things were no different except for one little change… Davos Didn’t See Many Crypto Participants During the event, the streets of Davos are usually swarming with crypto companies. Some of the biggest names in the industry rush to Switzerland to see what they can do about the ongoing energy crisis that is allegedly putting the planet in danger and causing all kinds of problems...

The market has struggled to push above the significant resistance level of $25K, and now the price is slowly declining. Therefore, the possibility of a correction before the next rally has increased. Technical Analysis By Shayan The Daily Chart The $24K-$25K region is currently providing the most significant resistance for Bitcoin on the daily timeframe. It’s also a vital psychological level, as it has been the main barrier during the last eight months. However, due to the...

Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 million and at least $67 million billion in consolidated total assets. Tether Remained Unfazed by the Bear Market Even though 2022 devastated the entire cryptocurrency sector, Tether’s net profits increased by over $700 million in Q4. It reduced its secured loans by $300 million...

[PRESS RELEASE – Please Read Disclaimer] The 7.8 magnitude quake in Turkey on February 6th caused devastating damage. MEXC responded quickly to support turkey’s disaster relief efforts. MEXC, the fastest-growing crypto exchange in Turkey, has teamed up with its local staff to support the people who have been injured, providing temporary meals for first responders and affected families, and distributing clean-up supplies with other assistance. The strong earthquake in...