Crypto news

The United Kingdom’s Office of Financial Sanction Implementation (OFSI) has included “cryptoassets” in a list of assets that must be frozen if they belong to a person or company who is facing sanctions. These developments come as the list of sanctioned Russian entities continue to increase. Eye on Sanctioned Accounts, Breaches As per the new rules, crypto exchanges will face criminal charges if they “fail to report clients designated for sanctions.” The exchanges must...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Congressman Brad Sherman, who represents California’s San Fernando Valley in the U.S. Congress, is a keen critic of the cryptocurrency industry. In his view, it undermines the dominance of the American dollar and is a threat to the country’s national security. However, Sherman does not believe the government can prohibit the asset class “anytime soon” since there is too much money and power behind it. Crypto Should Have Been Banned Years ago Unlike some other American...

iFX EXPO Asia 2022 is scheduled for 13-15 September and will take place in Bangkok for the first time ever. The largest financial B2B EXPO will be held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld and will bring together thousands of top professionals from online trading, financial services and fintech industry from all over the world. This iFX EXPO Edition’s Highlights The first EXPO day kicks off with a candid “Industry Inside Out”...

Stellar lumen price started a fresh decline from the $0.114 resistance zone against the US Dollar. XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1080 resistance zone. Stellar lumen price is trading below $0.1080 against the US Dollar,...

Ripple price started a fresh decline from the $0.3600 resistance against the US dollar. The price is now trading below $0.350 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.3320 and $0.3450 resistance levels. Ripple price is consolidating above $0.300 against the US Dollar,...

On September 03, the official YouTube channel of the South Korean government was compromised by a group of hackers who used it to promote a cryptocurrency scam with the image of Elon Musk, the electric car tycoon and Dogecoin enthusiast. According to local media outlet Yonhap News, the hackers changed the name of the government channel to “SpaceX Invest” to pretend it was related to the U.S. aerospace manufacturing and space transportation services company owned by Musk....

The Securities and Exchange Commission of Thailand (SEC Thailand) has asked cryptocurrency companies operating in the country to include clear and visible warnings about the risks associated with virtual tokens and crypto investments. SEC Guideline on Crypto Ads In an email statement from last week, the capital market regulator asked companies to abstain from giving false and misleading information in their ads. They were also asked to provide information on advertising terms...

Despite pushing the price higher earlier in the week, the bulls have lost momentum as the days went on. As the date of the Merge approaches and the Ethereum market grows hotter, speculation about the future of the price has reached its peak. Technical Analysis By Grizzly The Daily Chart The formation of lower highs and lower lows suggests a bearish structure. The recent bullish leg stalled when it reached the resistance of the 20-day moving average line (in yellow). However,...

Zip Mex – a cryptocurrency exchange that operates in both Thailand, Australia, and Singapore – has announced that customers can once again access and withdraw their bitcoin and Ethereum holdings. This means approximately 60 percent of the company’s clients can once again enter their crypto accounts and extract their money. Zip Mex Says Customers Can Withdraw BTC, ETH The announcement follows news of ongoing withdrawal halts initiated by executives as they deal with...