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“# UK FCA will spend £11M to warn people about investing in crypto ” The United Kingdom’s Financial Conduct Authority (FCA) has created an 11 million pounds sterling ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments. Nikhil Rathi, chief executive of the FCA, made this known in a…
“# Italian finance regulator issues warning on Binance crypto exchange ” Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy. The regulator specified that the warning refers to Binance.com, the main…
“# Softbank leads $800M investment for banking app Revolut ” Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round. The new investment round is led by Japanese financial giant SoftBank and United States hedge fund Tiger Global, which collectively hold around 5% in Revolut, CNBC reported…
“# Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2 ” In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for $100,000 BTC and $5,000 ETH. Fast forward to the present and both assets…
“# Fed Chair says stablecoins need stricter regulation, speaks on CBDC ” Fed Chairman Jerome Powell told the House of Representatives today that stablecoins should face stricter regulations similar to money market funds or bank deposits. Powell was asked specifically about Tether, currently the most valuable stablecoin, by Rep. Anthony Gonzalez (R-OH). Tether claimed each…
“# Record low Bitcoin velocity suggests BTC may ‘move to the downside’ ” In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the…
“# Price analysis 7/14: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) has once again held the critical support area at $31,000 today, indicating accumulation at lower levels. This led some analysts to speculate that traders were selling their holdings to investors with a low history of selling in anticipation…
“# Global payments brand Skrill expands crypto wallet services ” Paysafe, the parent company of online money transfer service Skrill, announced this week that the payment platform has integrated an additional 20 cryptocurrencies into its digital wallet, providing users with another legacy onramp to digital assets. Beginning this week, customers outside the United States will…
“# BlackRock CEO signals low demand for crypto from long-term investors ” BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency. The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has been seeing less crypto-related queries from investors…
“# Crypto community divided on whether Bitcoin is an inflation hedge ” Amid a massive spike of the United States’ Consumer Price Index (CPI), the cryptocurrency community has divided on whether Bitcoin (BTC) is really a hedge to inflation. The CPI, an indicator measuring the average change in prices that consumers pay for a basket…