Cryptocurrency Analysis and News Portal
The leading cryptocurrency by market value traded near $27,800 at press time, a 7.5% rise from lows under $25,900 registered last week. However, prices were still down about 5% for the month, the first monthly decline of the year (assuming, this loss is held through Wednesday's UTC close). Bitcoin has
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Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar. The move comes as traders rush to cash out their crypto holdings into Australian dollars before the
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Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia. The collapse of several United States banks this year has prompted concerns that the pool of crypto-friendly banks is shrinking.
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Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million.According to company director Matteo Salerno, TrigonX is earmarked for revival after a deed of company arrangement was approved
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The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.On May 29, the Hong Kong-based crypto exchange CoinEx became the latest to signal its entry to the city, saying it’s launching a
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Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. According to reports, a vital feature of the new measures is the enforcement of the “Travel
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The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.According to Texas legislative records, lawmakers moved Senate Bill 1751 to the Committee on State Affairs on April 24 after passage
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Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase.Due to concerns expressed about the security elements of Ledger Recover, the hardware
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The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services and reminded tourists that the Indonesian Rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they will not visit again. On May 28, the Indonesian government affirmed that tourists who
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Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.With volatility back in play, traders nonetheless remain conflicted —
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