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“# UK advertising watchdog bans crypto ads for Coinbase and Kraken ” The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms. On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including…
“# Bitcoin struggles to hold $47K as Fed meeting adds to ‘extreme’ BTC market panic ” Bitcoin (BTC) sought cues from the United States Federal Reserve on Dec. 14 as markets waited anxiously for news on policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC higher lows remain safe Data from Cointelegraph Markets Pro and…
“# Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible ” As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term. A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg…
“# Bitcoin sheds ‘dumb money’ as retail buys most BTC since March 2020 crash ” Bitcoin (BTC) is back in fashion for regular investors at $48,000 as data confirms the biggest buying spree since March 2020. In a tweet on Dec. 14, statistician Willy Woo eyed a key trend that had previously been absent from…
“# KKR leads $350M raise for crypto custody bank Anchorage Digital ” Major cryptocurrency custody bank Anchorage Digital has closed a fresh funding round, bringing its valuation to over $3 billion. Anchorage Digital announced on Wednesday that it had raised $350 million in a Series D funding round led by equity investment giant KKR. According…
“# Only a paper moon: Bitcoin price briefly shows $870B on CoinMarketCap ” Crypto traders experienced a moment of joy, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. CoinMarketCap and several other price indexes showed Bitcoin’s price closing to $900…
“# Binance partners with Indonesian telco to develop new crypto exchange ” Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform. According to a joint announcement on Dec. 15, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home…
“# SBI Holdings invests in Singapore crypto exchange Coinhako ” Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed crypto exchange approved by the Monetary Authority of Singapore (MAS). The Coinhako investment was made via a fund jointly set up by SBI and Swiss-based Sygnum Bank, namely, the SBI-Sygnum-Azimut…
“# Block, formerly Square, will allow users to gift BTC for the holidays using Cash App ” Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock over the holiday season. According to a Tuesday tweet, Cash App said its…
“# Data suggests traders view $46,000 as Bitcoin’s final line in the sand ” Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s…