Today at Chaintalk News

August 16, 2022

Crypto & Monetary Policy

By Kinsei

Lennix-Lai
News

Crypto & Monetary Policy

Director of Financial Market OKEX: Lennix Lai In his talk, Lennix shared his point of view related with how the central bank operations will happen

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Three Suspects Arrested In Israel With Multi-Million Crypto Laundering Scheme Targeting French Treasury

  Three Suspects were Arrested In Israel with a multi-million crypto laundering scheme to trick the French treasury. Israeli authorities have taken into custody three people suspected of orchestrating a fraud scheme targeting the French treasury. Three people have been arrested in Israel for being part of a criminal outfit that carried out illegal activities […]The post Three Suspects Arrested In Israel With Multi-Million Crypto Laundering Scheme Targeting French Treasury appeared first on The Crypto Basic.
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Coinbase Filing Suggests SEC Making Platforms Liable Of All Crypto Risks

Coinbase Global, Inc, U.S.’s largest crypto exchange landed under the scrutiny of the SEC over different allegations. However, the digital asset platform recently filed its interim financial reports which illuminate new assets called “Customer crypto assets”. Coinbase filling shows new items Frances Coppola in a Twitter post mentioned that the SEC’s new accounting guidance for The post Coinbase Filing Suggests SEC Making Platforms Liable Of All Crypto Risks appeared first on CoinGape.
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Crypto Lender Hodlnaut Seeks Creditor Protection in Singapore

The Singapore High Court has received a proposal from cryptocurrency lending site Hodlnaut to place it under judicial management, a kind of creditor protection. The application was submitted on August 13, five days after the firm froze withdrawals, per a statement on Hodlnaut’s website. The application will provide the lender with a temporary barrier against any legal claims. Hodlnaut Facing Recent Market Collapse Impacts Hodlnaut is the most current in a long line of cryptocurrency businesses to face the consequences of the recent market collapse. On Monday, Singapore-based exchange Zipmex received creditor protection. In addition, Three Arrows Capital, which collapsed in June due to leverage, owes creditors billions of dollars. Hodlnaut anticipates that being placed under judicial administration will provide it the opportunity to develop a recovery strategy rather than selling off customer assets. The statement reads, “We are aiming to avoid a forced liquidation of our assets as it is a suboptimal solution that will require us to sell our users’ cryptocurrencies at these current depressed asset prices,” Hodlnaut To Provide Another Update Hodlnaut expects the entire process to take “a few months,” and on August 19, the crypto firm will provide another update. Singaporean law defines judicial management as a method for businesses in financial difficulty to get back on their feet. If approved, it would give Hodlnaut’s legal cla...
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Crypto lender Hodlnaut appeals for creditor protection in Singapore

Troubled Asian crypto lender Hodlnaut, which suspended client withdrawals last week, has applied for protection against creditors in Singapore as it seeks to solve its liquidity crisis. Announcing the information on Tuesday, Hodlnaut stated that the company had submitted an application to the Singapore High Court on August 13 to be put under judicial administration, … Crypto lender Hodlnaut appeals for creditor protection in Singapore Read More »
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MEXC activated the “Investor Protection Fund” in response to the Dragoma (DMA) incident, and launched the “potion” airdrop compensation benefits

A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although MEXC announced an emergency plan immediately and closed related trading activities, … MEXC activated the “Investor Protection Fund” in response to the Dragoma (DMA) incident, and launched the “potion” airdrop compensation benefits Read More »
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Do Kwon : There Is No Investigations Against Him Or Terra By S.Korean Officials

The post Do Kwon : There Is No Investigations Against Him Or Terra By S.Korean Officials appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideCryptocurrencies started the year 2022 on a decent note but things changed in the month of May with a collapse of the Terra network. This incident had the worst effect on the whole crypto space as the network lost more than $40 billion in a matter of weeks. It is learnt that since then the …
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Brazil Witnesses Introduction of New Crypto Trading Platforms

In September of last year, Mynt’s release was announced. Key Brazilian broker XP has also shifted its focus to the
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cointelegraph

Court filings reveal Celsius will run out of money by October

Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.

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Court filings reveal Celsius will run out of money by October

Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.
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Ripple to Power Remittances Between Japan & Thailand via New Partnership

Ripple unites with SBI again but now in a new Inter-Asian project
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Wormhole Bridge Improves Interoperability for Klaytn

To create a cohesive metaverse, the interconnection between chains is essential. The integration with Wormhole Bridge that Klaytn has announced will move one inch ahead to a cross-chain future. Between Solana and other leading decentralized finance (DeFi) networks, Wormhole serves as a communication link. Solana’s fast mobility and low price enable existing projects, systems, and …
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TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’

Blockchain analytics firm TRM Labs explains why the Tornado Cash sanctions are different and details how it is dealing with them — despite a lack of guidance.
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Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board

Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% […]
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SHIB Technical Analysis: Shiba Buyers Ready To Break 200-day SMA

The SHIB price action shows a remarkable increase in buying pressure over the weekend, ready to break the 200-day SMA and reach the $0.000020 mark. Key Technical Points: The Shiba Inu (SHIB) price has increased 35% in the last five days. The bull run fails to exceed the 200-day SMA but sustains above the $0.000015 mark. With a market cap of $8.85 billion, the intraday trading volume of Shiba Inu has decreased by 62% to reach $1.52 billion. Past Performance of SHIB As we mentioned in our previous analysis, the Shiba Inu (SHIB) price exceeds the supply zone at $0.000012 with a 33% jump on 14th August. However, the breakout rally reverses from the 200-day SMA to test the $0.000015 mark before regaining the prevailing trend momentum. Furthermore, the spike in trading volume supporting the breakout candle increases the likelihood of an uptrend continuation. Source – Tradingview SHIB Technical Analysis The 6.6% jump in the SHIB prices pierces the retest candle and nullifies the possibility of a $0.000014 retest. Hence, traders can find short-term buying opportunities in the current market conditions. The increasing gap between the 50 and 100-day SMA after the recent bullish crossover increases the uptrend possibility. The MACD indicator displays an increase in the bullish gap between the fast and slow lines as the uptrend gains momentum. Furthermore, the rising trend in the positive histograms reflects an increase in underlying buyi...
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The Base, Bull And Bear Cases For Bitcoin Returns In 2022

Analyzing Federal Reserve policy decisions in addition to data from the purchasing managers’ index can give us three scenarios for the bitcoin price.
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Animoca Brands and Lympo Partner With Play Magnus Group

Animoca Brands and its subsidiary, Lympo, recently announced a strategic partnership with Play Magnus Group. They will assist the popular chess leader in developing and promote their upcoming blockchain-based chess game, Anichess. Scheduled for 2023, Anichess will bring chess to the forefront of Web3, GameFi, and blockchain gaming. Play Magnus Group holds unmatched significance in …
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Bitcoin miners sold 60% less BTC in July as crypto market volatility subsides

After a difficult period that slashed the prices of many of its digital assets, the cryptocurrency market seems to be... Continue reading The post Bitcoin miners sold 60% less BTC in July as crypto market volatility subsides appeared first on Finbold.
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Stablecoins Will Act As Catalyst For Mass Crypto Adoption- Here’s Why

The post Stablecoins Will Act As Catalyst For Mass Crypto Adoption- Here’s Why appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideDue to intense economic pressure and the Federal Reserve’s recent decision to raise interest rates, Bitcoin has dropped into a narrow band between $22,000 and $25,000. The crypto market has recently been closely following the stock market, which experts say has further entwined it with macroeconomic considerations. According to a Fidelity Investments executive, dollar-pegged crypto …
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Invest In These Superior Cryptos: Uniglo (GLO), Bitcoin (BTC) And Zcash (ZEC)

The post Invest In These Superior Cryptos: Uniglo (GLO), Bitcoin (BTC) And Zcash (ZEC) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideA s the crypto market begins to heat up again, here are three cryptocurrencies that are worth giving a good, hard look — something old, something new, and something hidden. Uniglo (GLO) — Diversified investing for the masses Uniglo is a crypto investment DAO. What that means is holders of the GLO token decide as …
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ChainLink price analysis: LINK attempts to overthrow bears at $8.6

ChainLink price analysis for August 16, 2022, reveals the market following a bearish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours. On August 15, 2022, the price crashed from $9 to $8.5. However, the market started to increase … ChainLink price analysis: LINK attempts to overthrow bears at $8.6 Read More »
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DOGE Technical Analysis: Breakout Rally Ready To Test $0.10

The DOGE price action shows the $0.072 breakout rally gaining trend momentum and ready to challenge the sellers at the psychological mark of $0.10. Key Technical Points: The Dogecoin (DOGE) price has increased by 15% in the last five days. The bull run exceeds the 100-day SMA and sustains above the $0.080 mark. With a market cap of $10.85 billion, the intraday trading volume of Dogecoin has decreased by 38% to reach $910 million. Past Performance of DOGE As predicted in our previous analysis, the Dogecoin (DOGE) price exceeds the supply zone at $0.072 with a 12% jump on 14th August. Moreover, the breakout rally retests the $0.075 breakout before regaining the prevailing trend momentum. Furthermore, the spike in trading volume supporting the breakout candle increases the likelihood of an uptrend continuation. Source – Tradingview DOGE Technical Analysis The 8.34% jump in DOGE prices engulfed the retest candle, increasing the possibility of an uptrend continuation to $0.093. Hence, traders can find short-term buying opportunities in the current market conditions. The decreasing gap between the 50 and 100-day SMA teases a bullish crossover as the market prices exceed the 100-day SMA. Hence, traders can expect the uptrend to reach the 200-day SMA slightly below the $0.10 mark. The MACD indicator displays an increase in the bullish gap between the fast and slow lines as the uptrend gains momentum. Furthermore, the rising trend in t...
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Gnox (GNOX) Team Is KYC’d To Meet Investors Expectations. Bull Week Ahead For Bitcoin (BTC) And Ethereum (ETH)

The post Gnox (GNOX) Team Is KYC’d To Meet Investors Expectations. Bull Week Ahead For Bitcoin (BTC) And Ethereum (ETH) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe Gnox team is excited to announce that they have completed their KYC process with Solidproof. This process was important to the team in order to ensure that they meet their investors’ expectations and provide them with the best possible service. The team is now looking forward to improving their service offering and growing the …
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Market Analysis Report (16 Aug 2022)

Brazilian Broker XP Launches Crypto Trading Platform | BitGo to Sue Galaxy Digital for $100M | New Court Documents Show Celsius is Running Out Of Cash
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Bitcoin Miners in Trouble due to Market Crash

However, the situation for miners in Texas could improve as the difficulty of mining cryptocurrencies is decreasing.Continue reading Bitcoin Miners in Trouble due to Market Crash at DailyCoin.com.
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1,053% Bitcoin Cash rally could be a testament to your risk tolerance

Bitcoin Cash was one of the most successful forks at one point in time. Not to forget, the altcoin was hitting the highs of $1,550 as of last May. The market crash dragged BCH from its all-time high to the current lows. Now, despite the improving market conditions, the altcoin does not seem to have the […]
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CryptoPunk and Meebits holders can now use their NFTs for commercial projects

It confers full commercialization rights to holders to create projects and products based on their NFTs.
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Do Kwon breaking silence triggers responses from the community

While Tornado Cash developers are fearing for their lives, Do Kwon is "partying," according to podcaster Eric Conner.
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cointelegraph

Do Kwon breaking silence triggers responses from the community

While Tornado Cash developers are fearing for their lives, Do Kwon is "partying," according to podcaster Eric Conner.

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Analyst Who Called Bitcoin Collapse This Year Issues Fresh Warning for Altcoin Traders

The crypto strategist who nailed Bitcoin’s (BTC) crash below $30,000 this year warns that a sell-off event across the altcoin markets is imminent. Pseudonymous analyst Capo tells his 477,300 Twitter followers that he’s keeping a close watch on the OTHERS chart, which tracks the total market capitalization of the top 125 crypto assets excluding Bitcoin […]The post Analyst Who Called Bitcoin Collapse This Year Issues Fresh Warning for Altcoin Traders appeared first on The Daily Hodl.
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Sticky Inflation: Expert Reveals “Best Assets” To Handle Upcoming Tumble

The CPI for July was revealed to be at a less than expected 8.5%. The crypto and broader markets witnessed an immediate rally. However, experts are now starting to sound the alarm about “sticky inflation”. Michael Ashton, Managing Principal at Enduring Investments LLC, is considered an expert on inflation. In an interview with Kitco News, The post Sticky Inflation: Expert Reveals “Best Assets” To Handle Upcoming Tumble appeared first on CoinGape.
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Brazilian Brokerage XP Launches Bitcoin, Ethereum Trading

XP’s new XTAGE platform will allow 3.5 million customers to buy, sell, and trade Bitcoin and Ethereum via a tie-up with Nasdaq.
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Ex Billionaire Michael Burry Dumps His Entire Portfolio Except For This Stock

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Crypto Miner Prime Blockchain’s $1.25B SPAC Deal Fizzles Out

SPAC 10X Capital says it's pursuing another target after its deal with crypto mining outfit Prime Blockchain fell throughThe post Crypto Miner Prime Blockchain’s $1.25B SPAC Deal Fizzles Out appeared first on Blockworks.
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Nearly 300 Million Ripple (XRP) Transferred Between Exchanges and Unknown Wallets

More XRP coins flowed between exchanges and unknown wallets. It has become a routine to see large amounts of Ripple (XRP) movements transferred from unknown wallets to cryptocurrency exchanges. Leading cryptocurrency whale tracking service, Whale Alert, has been keeping tabs on these large XRP movements and sharing these transaction details whenever they occur. Over the […]The post Nearly 300 Million Ripple (XRP) Transferred Between Exchanges and Unknown Wallets appeared first on The Crypto Basic.
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Tornado Cash Latest: Community Fights Back Against Sanctions, TVL Dropped 26% Since US Treasury Decision

An increasing number of crypto and privacy advocates are attempting to fight back against the United States Treasury's decision to ban the popular crypto mixing service Tornado Cash. Most recently, the Electronic Frontier Foundation, a nonprofit organization defending civil liberties in the digital world, has expressed concern regarding the Treasury's sanctions against "an open source computer project."...Read More: Tornado Cash Latest: Community Fights Back Against Sanctions, TVL Dropped 26% Since US Treasury Decision
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Proprivex To Launch Crypto Asset Management Service As Ethereum Completes Final Merge Testing

Proprivex (PPX) is the latest addition to crypto asset management, however, is one of the first platforms aimed toward retail users alongside high-net-worth individuals and institutions.Continue reading Proprivex To Launch Crypto Asset Management Service As Ethereum Completes Final Merge Testing at DailyCoin.com.
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Binance Receives Preliminary Authorization from AFSA in Kazakhstan

The Astana Financial Services Authority (AFSA) has granted Binance In-Principle Authorization to run a Digital Asset Trading System and Supplier of Possession in the Astana International Financial Centre (AIFC). The Astana Financial Services Authority is now the first controller in Kazakhstan to approve a Binance entity in concept as a result of this action. Binance …
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$SHIB: Legendary Game Creator Says Test Version of ‘Shiba Eternity’ 50X More Popular Than Expected

On Monday (August 15), legendary video game designer and developer William David Volk talked about Shiba Inu’s upcoming card game “Shiba Eternity”. Here is what Binance Academy says about Shiba Inu: “Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who […]
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Fuse X BullaBetwork Allowing Users to Manage Their Cryptos

BullaNetwork has integrated Fuse, intending to leverage blockchain and NFT technologies. The objective is to empower users to an extent where they can manage all their further crypto payments themselves, and this includes settling payments and issuing invoices. Moreover, Fuse users will also be able to receive the payment and settle invoices that are due …
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Is Ethereum Censorship By The OFAC Possible? Here’s What Vitalik Buterin Think

Ethereum co-founder Vitalik Buterin considers enforcing censorship by regulators as an attack on Ethereum. He voted in favor of burning the ETH stakes of staking providers via social consensus if they comply and censor transactions at the Ethereum protocol level with validators. Vitalik Buterin Strongly Opposes Forced Ethereum Censorship Ethereum co-founder Vitalik Buterin in a The post Is Ethereum Censorship By The OFAC Possible? Here’s What Vitalik Buterin Think appeared first on CoinGape.
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Bitcoin Calms at $24K, Dogecoin Soars 8% (Market Watch)

Dogecoin and Monero are among the few exceptions with substantial price gains. Bitcoin stands still at $24K.
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Cardano IOG to Introduce New Fiat Payment Option Alongside Minting App for a New NFT Ecosystem

  Blockchain Technology Provider NMKR Partners With Input Output Global to Promote NFT Adoption. We are thrilled to announce our partnership with @InputOutputHK to drive widespread adoption of NFTs on #Cardano. "This is an important step for IOG and our mission to build a better tomorrow for everyone through technology." –@IOHK_Charleshttps://t.co/y8PiZ20DU4 — NMKR – formerly […]The post Cardano IOG to Introduce New Fiat Payment Option Alongside Minting App for a New NFT Ecosystem appeared first on The Crypto Basic.
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Consumer Watchdog Tina.Org Is Calling Out Celebrities For Endorsing NFTs Without Disclosing Their Connection With Projects

Tina.Org has called out celebrities for endorsing NFTs without disclosing their material connection with them The team had also sent letters to several celebrities, urging them to disclose their intent behind promoting such NFTs on social media Consumer watchdog/regulator Tina.Org popularly known as Truth In Advertising has recently published a statement calling out famous Hollywood celebrities for being misleading while endorsing NFT projects on social media.  What Happened?  Consumer watchdog Truth in Advertising has recently published a new blog that […]
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Bitcoin Price Prediction: This is Where BTC Price May Hit in the Next 24 to 48 Hours!

The post Bitcoin Price Prediction: This is Where BTC Price May Hit in the Next 24 to 48 Hours! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideBitcoin price is constantly forming multiple higher-highs and lows within an elevated channel that sparks an upswing close to $27,000. However, to reach these levels, the asset is required to break the current resistance which is pretty crucial. Therefore, the next 24 to 48 hours may turn the tables for the BTC price which may …
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BabyDoge Price in the Green as Swap Testnet Finally Goes Live

BabyDoge swap protocol, whose testnet went live earlier today, plans aggressive marketing rollout
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BTC gaining strength from altcoins can help you make $$$ this way

Bitcoin has not been able to leverage the broader market’s bullishness this time around. But it has been able to retain the support at the $24k level. Evidently, the market is shifting its focus from altcoins. Bitcoin season on the way? The previous prediction for the altcoin season was expected towards the end of the […]
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QNT Technical Analysis: Wedge Fallout Warns $100 Breakout

The QNT price action shows a bear cycle breaking below the rising wedge pattern teasing a downfall below the psychological mark of $100. Key Technical Points: The Quant (QNT) price has dropped by 12% in the last three days. The downtrend delays the golden crossover of the 50 and 200-days SMA. With a market cap of $1.36 billion, the intraday trading volume of Quant has decreased by 30% to reach $32.91 million. Past Performance of QNT As we mentioned in our previous analysis, the Quant (QNT) prices gain bearish momentum resulting in the rising wedge fallout. The market price decreased by 12% over the last three days, dropping below the support trend line. Moreover, the higher price action in the bearish candles reflects a phenomenal increase in selling pressure. Source – Tradingview QNT Technical Analysis The ongoing downtrend in the QNT prices may shortly test the psychological mark of $100 as the selling pressure increases. Hence traders can find short-term selling opportunities at the current market price. The decreasing gap between the 50 and 200-day SMA has been teasing the golden crossover, but the recent downfall postpones the bullish signal. Hence traders can expect its downtrend to take support at the 200-day SMA slightly below the $100 mark. The MACD indicator displays a bearish crossover of the fast and slow lines as the negative trend in the MACD histograms gains momentum. Moreover, the downtrend in the RSI slope tak...
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cointelegraph

Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan.

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Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan.
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Cardano (ADA) Brings Highest Level of Profits Since March, Bulls Are Pushing Up

Cardano is now as profitable as it was in March, according to profit taking on blockchain
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Fidelity’s Director of Global Macro: Stablecoin Regulation Will Increase Institutional Adoption of Crypto

On Friday (August 12), Jurrien Timmer, Director of Global Macro at Fidelity Investments, explained how upcoming stablecoin regulation could increase the demand for crypto. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does bitcoin belong in asset allocation considerations?”). Timmer started by saying that he intended his paper to serve as “a […]
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What Is So Unique About Cardano Gambling Sites?

The post What Is So Unique About Cardano Gambling Sites? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideCardano’s development began in 2015 and was launched in 2017. Many call it the “Ethereum killer” because of the many similarities it shares with Ethereum. Judging by that, it is not surprising why we have Cardano gambling sites today. With new crypto casinos popping up, it might be tricky to find a good one. You …
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Shiba Inu Game Developers Increase Server Capacity By 50x As Players Rush To Test Shiba Eternity

  Shiba Eternity is off to a great start in Vietnam. Shiba Inu’s premier card collection game, Shiba Eternity, is starting in Vietnam. The head of the Shiba Inu gaming team and former Activision Vice President William Volk reveals that developers expanded server capacity 50 times to accommodate all the players. “Wow, we had to […]The post Shiba Inu Game Developers Increase Server Capacity By 50x As Players Rush To Test Shiba Eternity appeared first on The Crypto Basic.
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cointelegraph

Blue chip NFT performance fails recovery, but investors HODL even harder

In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise.

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cointelegraph

Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.

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cointelegraph

Expansion of short-term BTC holders suggests ‘final flush’ of sellers

Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place.

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cointelegraph

Australian Securities Exchange takes step towards tokenized asset trading

“There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall.

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cointelegraph

Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges.

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cointelegraph

Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs

Consumer watchdog group Truth in Advertising says celebrities promoting nonfungible tokens on their social media channels is an area “rife with deception.”

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cointelegraph

Traders flinch after Ethereum price rejects at $2,000

Data shows pro traders are slightly skeptical of the strength of Ethereum’s rally after ETH price sold off at the $2,000 resistance.

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cointelegraph

BitGo to sue Galaxy Digital for $100M over dropped acquisition

“Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more,” said R. Brian Timmons.

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cointelegraph

Coin Center may challenge US Treasury's sanctions on Tornado Cash in court

“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh.

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cointelegraph

Fed to issue long-awaited guidelines for granting master accounts to crypto banks

The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under the most scrutiny.

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cointelegraph

Bitcoin price corrects after hitting a wall at a multi-month descending trendline

“Up only” Bitcoin and Ethereum take a breather after encountering resistance at a stiff multi-month descending trendline.

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cointelegraph

Law Decoded, Aug. 8-15: In the eye of Tornado Cash

U.S. Treasury links the crypto mixer with $7 billion worth of laundered money.

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cointelegraph

Canadian regulatory council creates new preregistration filing for crypto platforms

The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process.

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cointelegraph

Price analysis 8/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin and altcoins met selling at key overhead resistance levels and investors are unsure whether traders will buy the current dip.

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cointelegraph

Exit stage left: Eqonex to close crypto exchange after two years

The firm said it would also move its principal business and several people from management from Hong Kong to the United Kingdom.

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cointelegraph

Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

LinkedIn crypto scams typically start off with unsolicited token listing offers from LinkedIn users claiming to be from reputable crypto exchanges.

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cointelegraph

Binance obtains in-principle approval to operate in Kazakhstan

The major crypto exchange has secured regulatory approval in 2022 to operate as a digital asset service provider in France, Bahrain, Spain and Dubai.

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cointelegraph

Binance distances from WazirX as Indian regulators keep chasing crypto

The ownership of WazirX became a hot topic when CZ claimed the deal never went through. But three years later, there’s still no clarity.

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cointelegraph

Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Amid the grueling bear market for Bitcoin, Ether and altcoins, the cryptocurrency industry is undergoing consolidation.

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cointelegraph

Celsius Network coin report shows a balance gap of $2.85 billion

The latest findings could brew more trouble for the crypto lender for allegedly misleading and offering incorrect details in the court documents.

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cointelegraph

Galaxy Digital terminates BitGo acquisition, citing breach of contract

After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.

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cointelegraph

Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list

BNB Chain’s Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing.

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cointelegraph

Tornado Cash community fund multisignature wallet disbands amid sanctions

The peer-elected signatories for Tornado Cash’s community fund have left the management of the wallet to the DAO.

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cointelegraph

Zipmex gets 3-month protection in Singapore amid halted withdrawals

Troubled crypto exchange Zipmex has time to come up with a restructuring plan by Dec. 2 after halting withdrawals in July.

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cointelegraph

Ethereum ICO-era whale address transfers 145,000 ETH weeks before the Merge

The amount of ETH transferred just a month before the Merge has generated community curiosity, with some claiming it’ll be dumped while others say it’s for staking.

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cointelegraph

Crypto needs ‘enabling environment,’ Philippines central bank says

The Philippine central bank sees crypto's potential for improving domestic and cross-border payments, but the authority is still negative about crypto as a legal tender.

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cointelegraph

Samsung Next exec argues Web3 projects must face the challenge of utility

Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space.

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