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” Hong Kong’s Securities and Futures Commission warn of nonfungible token risks “ On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote: “As with other virtual assets, NFTs are exposed…
” 3 reasons Ethereum price risks 25% downside in June “ Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC), and now remains pinned below $2,000 for several reasons. What’s more, ETH price could face even bigger losses in June…
” Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms “ Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and…
” Fed governor explains who needs crypto regulation and why demand for it is growing “ Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help…
” Central African Republic to tokenize the nation’s natural resources “ The Central African Republic (CAR) has announced plans to proceed with its ambitious Sango Project by tokenizing access to the country’s abundant natural resources. President Faustin-Archange Touadéra posted a photograph of a statement on his official Twitter account Thursday detailing the next steps in…
” Over 200K BTC now stored in Bitcoin ETFs and other institutional products “ Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting. Data from monitoring firm Arcane Research published this week shows that Bitcoin exchange-traded products (ETPs) now have record…
” Terra 2.0: A crypto project built on the ruins of $40 billion in investors’ money “ Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the…
” 401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release “ ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release…
“Redditors rip SEC over video targeting ‘meme stock’ investors” The SEC’s attempt to inform the public about the potential pitfalls of investing in so-called “meme stocks” infuriated some Redditors this week – with users on “WallStreetBets” and other boards grumbling that the agency was hypocritical and out of touch. The SEC’s 30-second video titled “Meme…
“Ford to create 6,200 jobs, invest $3.7B to build more EVs” Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states between now and 2026. It also…