Crypto news

Relai – a Swiss bitcoin app – is joining hands with Checkout.com to allow all its customers to purchase mainstream digital currency tokens like bitcoin and Ethereum. Relai and Checkout.com… A Perfect Match? The move is slated to improve crypto adoption and give the space a stronger level of legitimacy. Checkout.com is a global payments provider that works with companies around the world to ensure their customers can buy goods and services utilizing multiple payment...

American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange.  Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen this year since the largest cryptocurrency is now trading below $17,000 following the FTX fiasco.  Women and Retailers Can Push...

A recent report suggests that the volatility of the crypto market is now far less than the volatility exhibited by stock exchanges such as the Nasdaq and the S&P 500. Crypto Volatility Is Now Less Than That of Stocks While it may not seem like it, bitcoin and its many altcoin cousins have been much more stable and are steadier as of late when compared to their stock counterparts. Shares in companies continue to take heavy dips in recent weeks, while many main staples...

Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for wrapped Bitcoin. Data from the popular security resource, PeckShield, revealed that the address that drained funds from FTX is swapping ether for BTC. The “FTX Account Drainer” dumped around $6 million worth of ETH (around 5K ETH) and bought 357 renBTC. Source: Twitter This is causing pressure on ETH’s spot...

Over the years, we’ve often discussed the implications of crypto regulation. The topic continues to be brought up as fraudulent activity within the crypto space grows at unprecedented rates. Why Regulation Is Always Talked About To this day, there are many out there that claim regulation is wrong for crypto. Despite the expansion of illicit activity, they don’t want regulation to take form as it could make the crypto space more like the traditional banking space, and the...

In the wake of crypto exchange FTX’s collapse, which triggered a severe contagion across the industry, many shocking discoveries have been made about the company’s governance and management system. A detailed examination of the firm’s bankruptcy filing has shown that “FTX was a slush fund masquerading as a real business,” according to FOX reporter Genevieve Roch-Decter. FTX Approved Expenses with Emojis A part of the 30-page-long filing revealed that FTX Group did not have an...

Bitcoin has not made any decisive moves in days as the asset remains stuck below $17,000. This is expected to an extent today, given the unusually low trading volumes. As such, the alternative coins have stalled, too, with ETH struggling to sustain above $1,200. Bitcoin Flat Below $17K The past two weeks were highly different from one another. The previous one saw massive turbulence propelled by the collapse of once the third-largest cryptocurrency exchange FTX. Bitcoin...

The cryptocurrency industry saw the spectacular collapse of one of its giants earlier this month, which ultimately resulted in FTX filing for Chapter 11 bankruptcy. Shortly after, though, there were suspicious movements from one of its accounts, many related it to a hack or even an inside job. However, the Securities Commission of the Bahamas took it to Twitter to shed some more light on the events, informing that it was actually the watchdog that siphoned the funds. The...

The cryptocurrency industry was built on top of one slogan: “don’t trust, verify.” But Grayscale is different from the rest of the cryptocurrency-related businesses. In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible. Grayscale Says: Funds Are Safe, Trust Us...

The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year. The announcement positively affected the asset’s price, which jumped above $100. The Prime Minister of Saint Kitts and Nevis – Terrance Micheal Drew – disclosed that the government is willing to engage with Bitcoin Cash mining and make the asset legal tender on local soil by March 2023. The leader...