Crypto news

Mhel Plabasan – a top executive at Bangko Sentral ng Pilipinas (the central bank of the Philippines), said the institution is highly in favor of stablecoins as they can aid the monetary system and ensure “affordable and faster” cross-border transactions. The organization also plans to launch a pilot version of its CBDC by the end of 2022. On that note, it is worth noting that the central banks of Israel, Norway, and Sweden collaborated with the Bank for International...

New York judge Analisa Torres has ordered the Securities and Exchange Commission (SEC) to turn over internal documents, including emails and drafts, related to a speech from former commissioner William Hinman in 2018. The order marks a big win for Ripple in its legal battle with the regulator, as the story behind the speech may hold the key to dismantling the SEC’s core legal argument.  Judge Overrules SEC According to the letter filed by judge Torres on Thursday, the...

The President of Kazakhstan – Kassym-Jomart Tokayev – said the authorities are ready to introduce a mechanism that will allow the converting of cryptocurrencies to cash if there is enough demand for such services. The positive tone toward the digital asset industry comes days after nearly 100,000 Russians entered Kazakhstan to escape the partial military mobilization which Vladimir Putin announced. Embracing Crypto Even More In a recent announcement, President Tokayev...

The Delaware Department of Justice’s Investor Protection Unit halted the operations of 23 entities and individuals involved in cryptocurrency romance frauds, known as “pig butchering” scams. A recent analysis conducted by Bankless Times estimated that Americans lost around $185 million between January 2021 and March 2022 due to such schemes. Crypto Scammers Again in the Spotlight The latest destination where crypto romance fraudsters chose to con people is the eastern US...

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The US Securities and Exchange Commission (SEC) has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken. The SEC accused the two firms and thtwo execs of breaking the securities laws’ registration, anti-fraud, and market manipulation provisions. The securities watchdog also asked for permanent injunctive relief, conduct-based injunctions, disgorgement with...

The Bank of Russia and the Ministry of Finance of the Russian Federation (MiFin) have agreed that crypto mining should be allowed only in certain areas. According to a new report by RBC-Crypto, Russian officials are preparing to legalize mining activity only in energy-rich regions and aim to ban the niche in energy-scarce ones. The legislation should be adopted by the end of this year. Energy-Extensive Areas Only Reiterating the authorities’ stance, Chairman of the...

The cryptocurrency markets are experiencing a period of stagnation. Meanwhile, ETH has been trading inside a tight range for the last seven days. Technical Analysis By Grizzly The Daily Chart On the daily chart, we can see two descending lines since ETH had reached its all-time high, and right now, ETH is retesting the lower line (green), along with the 200-week moving average (in yellow). From the bearish side, if the green support line doesn’t hold and the selling pressure...

Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum. Binance Says It’s Eliminated Fees for Some ETH-Based Transactions The goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months....

Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode.  The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs.  Miners in the Red As tweeted by Glassnode on Wednesday, miner balances have seen large outflows since Bitcoin’s failed re-test of $24,500 in August. The price pumped alongside Ethereum in anticipation of...