Market News

Despite the massive institutional BTC products outflows for many weeks, the last three weeks have witnessed a constant three weeks of inflow. The latest chinese FUD by the Chinese government has helped institutional investors and giant whales grab more and more coins. This led to crypto investment products generating $95 million worth of inflows in the […]

Alibaba has been rough after the crypto crackdown actions by the Chinese government. The Chinese biggest E-commerce company has stopped all its crypto-related activities and services. On Monday, the company announced that it will now allow sales of crypto miners. It has also suspended the blockchain miner category from the website and prohibited displaying any […]

Yellow Card, a famous Africa-based cryptocurrency exchange, closed a $15 million fund the series A. This was a financial round conducted by one of the largest venture funds of Blockchain. This might be the starting point for the growth of the continent in the cryptocurrency world. Yellow Card stated on Monday that the fundraiser would […]

According to a recent reports, in the last year, as crypto adoption is at a peak due to institutional and personal investment, around 5,000 new crypto tokens have arrived in the market in the last year, which is nearly 10 tokens per day. Crypto tokens peak in 2021 According to a recent report, the current […]

Fantom foundation has now launched a new NFT Marketplace dubbed Artion. The marketplace which is built on the Fantom network, will be aiming to stand shoulder to shoulder with the many other NFT markets presently available. Artion is also boasting of 0% commissions, with transactions coming at almost no cost. Fantom Unveils ‘Artion’ Beta Version […]

Cryptocurrency-related crimes have been on the rise due to a lack of proper knowledge and regulations as well. A recent report revealed that a college student for robbed on knifepoint from his dorm room. This type of crime will strike fear in the heart of every student who is investing in cryptocurrencies. With the rising popularity […]

Crypto-derivatives trading platform FTX has officially relocated its headquarters to the Bahamas. The move comes as regulators around the world are stepping up their scrutiny of cryptocurrencies. Previously, the firm operated from out of Hong Kong. It announced on Monday that it had registered its Bahamian subsidiary, FTX Digital Markets, with the Securities Commission of […]

U.S. senator, Pat Toomey has called out Gary Gensler, the present chairman of the U.S. Securities and Exchange Commission (SEC). The high ranking senator in his letter to the SEC chairman, explained that there is need for SEC to really say in clear terms, how to be in line with crypto regulations. Pat also said […]

After three successful and viral public sales, Bit2Me, a Spanish crypto exchange, has finally raised a total of 20 million EUR ($23.9 million) to expand its newly released token, B2M. The opening sale came on September 6, from which the platform collected a tremendous $5.9 million within a minute. The second sale performed excellently and […]

Fiat and crypto lending platform, Nexo has passed an audit of its custodial assets and liabilities. The audit was conducted by a top accounting firm, Armanino. According to the published results, Nexo’s assets exceed their customer liabilities. How It Started Nexo’s Finance team engaged the services of US firm, Armanino LLP in June. The accounting […]

The British parliament has commenced an inquiry into matters around the adoption of a digital pound. The house called on the public to submit evidence to support the adoption of such an innovation in the country. Calls for a CBDC have increased globally with many countries in different stages of research, implementation, and testing. In […]

Coinbase has announced it is working on a proposal to aid cryptocurrency regulation in the country. This comes after the firm clashed with the Securities and Exchange Commission (SEC) over its proposed Lend feature. Coinbase has always been quick to comply with regulations. As such, it came as a rude shock to the company that […]

In a new development in the case against Robinhood, new documents showing internal conversations between company executives have been brought forward. The documents show Robinhood executives lamenting the financial state of the company in contradictory terms to the CEO’s public statement. Recall that the CEO of Robinhood, Vlad Tenev, had on January 28 stated categorically […]

In what is another regulatory crackdown, the People’s Bank of China has announced new regulations relating to cryptocurrency. This time, all crypto-related services will bear the brunt. In a statement released on the bank’s website today, cryptocurrencies do not have the same legal status as traditional currencies. As such, the bank warned against circulating them […]

The whole crypto world involving several high-profile crypto firms is distressed, and the investors are confused. The reason is the confusion regarding regulatory activities happening in the United States. In this situation, Kraken suggests taking a pragmatic approach. On Thursday, Kraken chief legal officer (CLO), Marco Santori, said that the people who believe that the […]

US treasury issues updated advisory following sanctions on Crypto exchanges linked with ransomware. Two days ago, the office of foreign assets control of the US Department of Treasury, had meted out sanctions against SUEX OTC, S.R.I., a crypto exchange, for its seeming complicity in recent ransomware attacks. And now, the department has released an updated […]

BitMEX has finally joined Binance in modifying its services as exchanges race against time to remain in compliance with new rules and regulations. Recall, South Korea recently made moves to regulate crypto exchanges, and in line with the September 24 deadline, Bitmex has now removed the Korean language from its website. South Korea has since […]

Crypto Miners have accumulated $600M worth of Bitcoin since Feb. Bitcoin miners appear reluctant to sell their Bitcoin holdings as hashrate increases despite the recent sell-off. Bitcoin miner are accumulating because the network hash rate continues to recover in keeping with on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, glassnode has […]