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“# Top Brazilian investment bank BTG Pactual launches crypto trading app ” Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies. The bank’s Mynt platform currently allows users to purchase Bitcoin and Ether, with BTG Pactual expressing its intention to launch support for additional crypto…
“# Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets ” Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s…
“# Price analysis 9/20: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, AVAX ” The crypto markets and the U.S. equity markets sold off today on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets. When the sentiment is bearish, traders…
“# Following SEC notice, Coinbase abandons plan for crypto lending program ” U.S.-based cryptocurrency exchange Coinbase has announced it will not be pursuing its Lend crypto lending program. In a Sept. 17 update to a blog announcing the program in June, Coinbase hinted at difficulties in regulatory clarity across the crypto industry in its decision…
“# FTX crypto exchange expands to Bahamas with new registration ” FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital asset…
“# Crypto.com expands insurance program to cover $750M ” Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with…
“# Price analysis 9/17: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA ” Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong…
“# Texas and New Jersey regulators go after Celsius Network ” The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering security licensed at the state or federal level, while the New Jersey Bureau of Securities…
“# Former chief of Russia’s Wex crypto exchange arrested in Poland ” BBC Russia has reported that Dmitry Vasiliev, the former chief of Russian cryptocurrency exchange Wex, has been arrested in Warsaw, Poland. Wex, which was previously known as BTC-e, was a well known “dark” exchange in the early days of the cryptocurrency industry. It…
“# Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing ” Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move…