Crypto news

The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem.   Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an interview with CoinDesk, the platform’s Chief Marketing Officer Haider Rafique revealed that OKX was looking to scale up its wallet services by...

Bitcoin cash price started a downside correction from the $230 zone against the US Dollar. The price is now trading above the $195 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $200 and $195 support levels. Bitcoin cash price is declining from the $230 zone against the...

After suffering defeat against Grayscale in court, the Securities and Exchange Commission (SEC) is faced with a difficult decision on how to handle the wave of Bitcoin spot ETF applications knocking on its door. The agency need not approve the applications, however: instead, it may choose to rescind prior approval of the nation’s Bitcoin futures ETFs, leaving all Bitcoin ETF options unavailable to U.S. buyers. Will The SEC Spite BItcoiners? Though an unlikely outcome,...

The US Department of Justice (DOJ) is seeking additional disclosures about Sam Bankman-Fried’s planned defense. According to a Tuesday filing, the lawyers representing the agency responded to the disgraced exec’s plan to use an advice-of-counsel defense during his scheduled trial in October. If this request is not met, the DOJ asked the court to restrict specific lines of questioning, evidence, and arguments that are deemed irrelevant to the case. The development comes as the...

As expected by analysts, the Securities and Exchange Commission (SEC) has again delayed its upcoming decision on whether to approve a slew of Bitcoin spot ETF applications. This pushes forward their respective decision dates by another 45 days. According to the SEC’s website, decisions for proposed ETFs from Blackrock, Invesco, WisdomTree, Valkyrie, Bitwise, VanEck, and Fidelity have all been postponed. “The Commission finds it appropriate to designate a longer period within...

The American entrepreneur Vivek Ramaswamy, who is one of the US Presidential nominees of the Republican Party, thinks Grayscale’s court victory against the SEC is positive news that could keep Bitcoin and blockchain innovation within the States rather than see it relocate abroad. The 38-year-old businessman has presented himself as a proponent of the primary cryptocurrency and a critic of the possible launch of a central bank digital currency (CBDC) in America.  Praising...

US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum (ETH) wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin (BTC). The company’s wallet app recently added support for Bitcoin and Dogecoin while including an Ethereum swap feature. Robinhood Has 1.493 Million ETH in its Cold Wallet Data by Arkham Intelligence shows that a Robhinhood cold wallet address holds...

Brian Armstrong, the CEO of Coinbase, revealed a list of ten ideas that he’s most interested in and hopes that developers turn these ideas into reality amidst the bear market. Despite mounting regulator pressure on the home turf, Armstrong said Coinbase has its hands full with different projects and “doesn’t have time to tackle everything.” The exec stated that the lackluster prices are the optimal time for delving deep into building new projects. In the latest blog post,...

Bitcoin’s rally to nearly $28,000 this week was short-lived. On Thursday, the top crypto asset fell back to $26,300, which was roughly its level before the pump. According to Coinglass, the price dump has triggered $103.58 million in liquidations over the past 24 hours, including $3.12 million liquidation on Bybit.In total, over 34,700 traders were liquidated by the price drop. The collapse comes shortly after a brief rally for Bitcoin on Tuesday, when Grayscale confirmed a...

Hackers in North Korea have allegedly garnered illicit entry into the U.S. software company Jump Cloud and have targeted crypto clients. North Korea Again Seeks to Garner Crypto Hackers from North Korea trying to steal crypto is nothing new. There are many state-based hackers in the Asian country who are working hard to garner illicit funds so North Korea can continue to fund and build its ongoing nuclear program. It’s estimated the nation has stolen billions of...