Crypto news

InCore Bank CEO Mark Dambacher Im Dezember 2022 gaben InCore Bank AG und Entris Banking AG ihre Kooperation im Bereich Digital Assets bekannt. Nach der erfolgreichen Integration in die InCore Bank Plattform, steht den Entris Banking Kundenbanken der Zugang zu Digital Assets offen. Eine erste Bank der Entris Banking Gruppe hat ein Angebot für den Handel und die Verwahrung von Kryptowährungen lanciert. Privatkundinnen und Privatkunden von Valiant...

The U.S. Department of Justice (DOJ) has requested that the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, be revoked and that the court impose a detention order against him due to his attempts to tamper with witnesses. According to a letter submitted to Judge Lewis Kaplan of the U.S. Court for the Southern District of New York, SBF’s attempts to tamper with witnesses in his fraud case would interfere with the...

Amid regulatory turmoil elsewhere, Binance’s Dubai affiliate, Binance FZE, managed to score an Operational Minimum Viable Product license from the Virtual Assets Regulatory Authority (VARA). Binance has now become the first crypto trading platform to receive Dubai’s Operational MVP license enabling it to offer services such as exchange and broker-dealer services. The company is permitted to serve only institutional and qualified retail investors for now. Binance’s Dubai...

Tether, the world’s largest stablecoin issuer, released an assurance report on Monday covering its financials as of June 30. The Q2 attestation showed that the issuer now holds over $3.3 billion in excess reserves to back its USDT tokens. Tether’s Massive Surplus As explained by Tether in an accompanying blog post, the issuer’s excess reserves stem from the profits generated by its existing reserves. These profits are not distributed to shareholders and are instead solely...

An early user of the Ethereum Name Service (ENS) just reclaimed tens of thousands of Ether (ETH) that he’d locked up in the old ENS registrar over 4 years ago. Having appreciated substantially since that time, the value of those 39,712 ETH is now worth roughly $74 million. Reclaiming Old Funds According to blockchain analysts at Lookonchain, darkmarket.eth was responsible for reclaiming the funds – the largest owner of locked Ether within the old registrar until now. After...

Not long ago, regulators in the United Kingdom said crypto trading was akin to gambling. In other words, betting on bitcoin was like sitting at a blackjack table. Not exactly the best metaphor, but we get what the country means. Is the United Kingdom Wrong About Crypto? However, there are many that don’t agree with this sentiment. In fact, they think it’s downright wrong, and they say it shows a dangerous lack of understanding. Amongst the people that feel this...

CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s price took a somewhat interesting trajectory on the leading South Korean cryptocurrency exchanges Bithumb and CoinOne, currently trading at a 510% and a 220% premium, respectively. Separately, Upbit (another major Korean digital asset platform) paused CRV deposits and withdrawals shortly after the latest...

Ripple’s price is currently in a correction phase after a significant spike a few weeks ago. Nonetheless, there are several support levels against both USDT and BTC. Technical Analysis By: Edris XRP/USDT Daily Chart: On the daily timeframe of the USDT paired chart, the price has recently been rejected from the $0.9 level and is currently declining. The $0.6 support level and the 50-day moving average located around the same area are probable targets for a deep pullback....

The price of Ethereum has been held by the 100-day moving average, which has prevented further decline for several months. However, despite multiple attempts, the cryptocurrency has been unable to surpass the crucial resistance level at $2K, indicating a lack of demand. By Shayan The Daily Chart On the daily chart, the price faced rejection after the third attempt to break through the $2K resistance region within the last month. This rejection coincided with a decline in...

Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever. Technical Analysis By: Edris The Daily Chart: On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it has failed to push the market back above the $30K mark over the last few days. There is a probability for the price to break to the...