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“# Huobi imposes 24 hr crypto withdrawal delay to dampen speculation ” Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their…
“# Thai SEC and Cayman Islands regulator take action on Binance ” Binance, the leading cryptocurrency exchange by trade volume, continues facing scrutiny from regulators regarding the legality of its operations in certain countries. Thailand’s Securities and Exchange Commission (SEC) and the Cayman Islands Monetary Authority (CIMA) are the latest financial regulators to announce a…
“# Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry ” Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their…
“# Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular … ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Flags and celebrations were the order of…
“# 3 reasons why analysts are turning bullish on Curve Finance (CRV) ” Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many,…
“# Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms ” Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in…
“# Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank ” Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest funding rounds in the region’s history. Mercado Bitcoin will use the funds to expand its offerings and invest in new infrastructure to meet…
“# Crypto exchanges in India still struggling to secure banking partners ” Commercial banks in India are reportedly reluctant to do business with crypto exchanges in the country. According to Reuters on Thursday, crypto trading platforms in India are still finding it difficult to open accounts with financial institutions. While there is no crypto ban in…
“# Binance resumes fiat withdrawals via Faster Payments in UK ” Leading decentralized crypto exchange by trade volume Binance has restored British pound withdrawals using the Faster Payments network. On June 28, Binance uploaded a notice revealing that withdrawals via Faster Payments, a popular United Kingdom-based inter-bank payments platform, had been suspended for maintenance. The…
“# Here’s why pro traders expect further downside from Ethereum price ” Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected…