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U.S. Bankruptcy Court Judge Sean Lane extended a mediation period between crypto lender Genesis and its creditors at a Monday hearing as tensions flared over the role Genesis’ parent company, Digital Currency Group (DCG), would play in the lender's restructuring. The period, slated to end last month, will now conclude
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In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams. These schemes are designed to exploit the trust and vulnerability of individuals, aiming to trick them into
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The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week. Original Source
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The FATF requires virtual asset service providers to implement the same preventive measures as financial institutions, including customer due diligence, record keeping and reporting of suspicious transactions, and adhere to its travel rule – which requires crypto service providers to collect and share information on transactions above a certain threshold. Source
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Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged the ongoing influence of “short-term holders” (STHs) on BTC price action.Profitability reset point lies below $25,000BTC/USD has struggled
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The $190 billion Canadian pension fund is "still working through what exactly happened there," according to its CEO. Source
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“It’s certainly not easy to survive a crypto bear market and the longer it goes, the more challenging it can be,” said Shah. “But what we're noticing is most of the builders who are in the space are here for the technology, and so many people certainly look forward to
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Bitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with The Crypto Trader Author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular
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The moves come as the country tightens rules for cryptocurrency exchanges. Original Source
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“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CryptoX. “Such an outcome would be positive, as it would bolster the role
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