Cryptocurrency Analysis and News Portal
The regulator went so far as to imply that Celsius operated like a Ponzi scheme, saying the company’s admission that it did not generate enough revenue to support its yield product “shows a high level of financial mismanagement and also suggests that, at least at some points in time, yields
Read More
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from
Read More
Just when the Ethereum ecosystem reached its final stages in preparing for the much-anticipated upgrade, The Merge, german cloud provider Hetzner, reiterated its stance against allowing mining operations for both proof-of-stake (PoS) and proof-of-work (PoW) applications.Hetzner, a private, centralized cloud provider, stepped in on a discussion around running blockchain nodes,
Read More
Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWeekend produces brief $25,000 tap for BTCData from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit
Read More
That means, on Thursday, if data shows the U.S. GDP has shrunk for the second consecutive quarter, we may not officially be in a recession. In a way, this could be a good thing. In these “narrative-driven” times, (the same trend that gave the world meme stocks and dog tokens),
Read More
Indian Finance Minister Nirmala Sitharaman has reiterated the stance of India's central bank (Reserve Bank of India or RBI) to ban cryptocurrencies in the lower house of parliament but said that no legislation is possible without significant international collaboration. Source
Read More
Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions.According to a Thursday report from the Financial Times, U.S. diplomats requested several of the 31 crypto exchanges licensed to do business in Japan
Read More
The Investment Association, a trade body representing British investment managers, is speeding up the local government and financial regulators to approve blockchain-traded funds with digital tokens substituting traditional shares. As the Financial Times reported on Thursday, the trade body is pushing the government to establish a new class of funds employing
Read More
According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option, it would effectively wipe out all of BlockFi’s existing equity shareholders, including management and employees with
Read More
MicroStrategy CEO and bitcoin evangelist Michael Saylor isn't shying away from his bullish stance. Original Source
Read More