Let us find out what the market has in this morning’s roundup. Indeed, changes are natural in the virtual markets. Here is what you missed while sleeping. Bitcoin Update Since May 19, BTC has been trading in the symmetrical triangle. That is…
Central banks, governments, and traditional financial institutions are all having a hard time swallowing the bitter pill of truth that is the cryptocurrency market. The new asset class that is distinct from precious metals, stocks, bonds, and dividends has become the most…
China’s recent decision to ban the mining of Bitcoin in the country has certainly sent shockwaves throughout the cryptocurrency community. However, perhaps the most affected by this are the miners themselves, and while the ban has yet to be put into place,…
The appointment of the new SEC chief might turn into disappointment for the cryptocurrency investors and traders. Due to his academic background and expertise in blockchain and Fintech technology, many people were sure that Gensler would introduce a more crypto-friendly environment under…
The whole merit and purpose of the cryptocurrency and the blockchain system were to have a glance at the decentralization, but the financial elements around the world are kind of flying it in the opposite direction. Traders are asked to use government-issued…
Ever since Gary Gensler has been sworn in as the new chief of the Securities and Exchange Commission of the United States, many eyes are set on him to get a glimpse of how the environment for crypto is going to turn…
Ripple Labs has started to struggle once again with the legal curveballs from prosecution in the ongoing SEC Lawsuit. The company has recently called on board a tag team of wonder women to safely help them get out of the troubled waters…
A senior Federal Official, Michael Hsu, is expected to take over as head of OCC (Office of the Comptroller). However, will he use the position to influence the implementation of virtual dollar and crypto regulations? According to the Wall Street Journal on…
The detrimental effects of Joe Biden’s recent tax policies have affected the cryptocurrencies and sent a crash wave across the stock markets. The new head of the USA seems to be making plans for handling the future expenditures of the country. The…
South Korea is working towards combating illegal cryptocurrency within the nation, and its regulator has created teams saddled with the responsibility of investigating crypto transactions. Financial regulators in South Korea have decided to work together to stop illegal crypto transactions in the…
Janet Yellen did not only turn the heads of sceptics by being elected as the first female Treasury Secretary of the United States in 2021, but her controversial remarks about the ongoing cryptocurrency mania also earned her some irksome glances. During the…
Despite the increasing amount of criticisms facing the digital assets daily, Bitcoin continues to gain admirers every day, as the digital asset continues to be the toast of the crypto space. However, while the admirers of the digital asset have mainly been…
To begin offering services to users and investors in the crypto space, crypto exchanges and related businesses need to undergo regulatory procedures. Even though that is mandatory, some firms have evaded that, but the regulators are not taking it easy. In a…
The Central Bank of Nigeria has recently stated that it is not actively discouraging people from trading, and this also applies to cryptocurrency. Apparently, there had been some confusion and misunderstanding regarding the bank’s intentions, as there had been rumors of a…
The circus that crypto traders and the Indian government are running regarding banning crypto trading across the country has not yet seen a headway. Some weeks ago, the finance minister gave calming news when he mentioned that they were working towards regulation…
The UK’s outlook on the digital asset industry is not very positive as the nation has clarified how crypto investments, such as Bitcoin, are very risky. The government had warned citizens from investing in the asset or stand a chance of losing…
There has been a clear scarcity of some clear points proposed by law for the sake of people to understand cryptocurrency in a better way. This stretches not only to the U.S but other parts of the world as well, but United…
Switzerland to Require ID for Crypto Operations Over $1K The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on February 7. Considering laundering risks, the threshold for unidentified crypto-asset exchange operations is reduced for 5 times (from 5000…
The United States Securities and Exchange Commission is once again going after cryptocurrencies. Only hours ago it was reported that the regulatory body is suing Veritaseum, along with Reginald Middleton, the company’s CEO. Veritaseum is a company established with the goal to…
A newly released report suggests that in 2019 financial damage related to crypto thefts and fraud may rise above USD 4.3 billion. CipherTrace, a crypto security company founded in 2015, stated the because of criminal activity crypto coins worth over USD 1.2…
