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“# Ontario securities regulator takes action against Kucoin ” The Ontario Securities Commission, or OSC, is taking stern action against two companies associated with KuCoin for allegedly failing to comply with local securities laws, setting the stage for further regulatory action against the cryptocurrency platform. The companies targeted by the OSC are Seychelles-based Mek Global…
“# Tim Wu, the ‘father of net neutrality’ reportedly owns over $1M in Bitcoin ” Cryptocurrencies might be anathema for certain members of United States President Joseph Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC). According to a report by Politico on Monday, Tim Wu, special…
“# Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey ” Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but a Goldman Sachs poll with chief investment officers in Asia tells a different story. Goldman Sach Global Investment Research published a new…
“# Crypto market sinks by $300B while Bitcoin transactions near 3-year low ” The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion in losses for the week. Momentum pushed the global market capitalization down since Bitcoin (BTC) hit a recent peak in April, followed by an altcoin peak…
“# Crypto markets tumble after miners unload 5,000 BTC in one week ” The crypto markets are against dropping, with Bitcoin (BTC) crashing below $33,000 for the first time since May 23 as Ether (ETH) similarly broke below support at $2,500. The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with…
“# Theta and Theta Fuel (TFUEL) soar ahead of June 30 mainnet launch ” Major protocol upgrades can play a significant role in altcoin rallies regardless of the state of the wider cryptocurrency market because new features excite token holders and help to attract new investors. One ecosystem that has been heating up over the…
“# Bitcoin price is fragile, but on-chain data points to fresh accumulation ” The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the…
“# Crypto Twitter says traders are short Bitcoin, but data shows otherwise ” Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin, thus increasing their Bitcoin (BTC) long position in. Investors can also borrow BTC…
“# Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH ” United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if it resulted in a higher interest rate environment. If rates inch…
“# Trump calls Bitcoin a scam, advocates for dollar hegemony ” Former United States President Donald Trump has once again slammed Bitcoin (BTC). Appearing on FOX Business Monday, the former president remarked: “Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar; essentially it is…