Securities and Exchange Commission Chair Gary Gensler called out cryptocurrency lending companies for offering unrealistic yields today in an interview with Yahoo Finance. “If it’s too good to be true, then maybe it is,” Gensler said, referencing yields on crypto deposits ranging anywhere from 4% to 20% that were offered by numerous companies and marketed towards investors as safe. “There…
The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies. In a speech for the Peterson Institute for International Economics on Thursday, FCA chief executive Nikhil Rathi said the U.S. and U.K. will “deepen ties” on crypto…
Most Bitcoin (BTC) traders would rather see a sharp price correction and a subsequent recovery than agonize for multiple months below $24,000. However, BTC has been doing the opposite since June 14 and its most recent struggle is the asset’s failure to break above the $22,000 resistance. For this reason, most traders are holding back their bullish expectations until BTC…
The World Economic Forum (WEF) released a white paper on cyber resilience July 14 in which it introduces the organization’s Cyber Resilience Framework (CRF) and Cyber Resilience Index (CRI). The document, prepared in collaboration with professional services company Accenture, followed on the WEF’s Global Cybersecurity Outlook, published in January. The Global Cybersecurity Outlook found that only 55% of cyber leaders…
“Anecdotes, observations, advice, memories, Murray-isms” are coming to the world of NFTs as acclaimed icon Bill Murray prepares to launch an inaugural NFT series with Coinbase. Source: https://cointelegraph.com/news/bill-murrays-biographical-nft-project-set-to-be-premiered-by-coinbase
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s recent purchase contract to buy 1,800 Antminer S19 XP units for “an exceptionally discounted price.” Cleanspark Purchases 2 Bulk Orders of ASIC…
Polygon (MATIC) reached lofty price levels this July 14, a day after getting selected for the Walt Disney Company’s benchmark business development program. MATIC’s price surged 22.5% to $0.657 a token, its highest level in a month. In doing so, the token also climbed above its 50-day exponential moving average (50-day EMA; the red wave), a curvy resistance level that…
Trading platform CoinFLEX today announced limited withdrawals for customers after freezing them last month amid a dispute with prominent crypto investor Roger “Bitcoin Jesus” Ver. The company said in a Thursday blog post that users can now take out 10% of their funds—but not the platform’s stablecoin, flexUSD, until further notice. “We will enable limited withdrawals for all users this…
Binance, the cryptocurrency exchange, has recently acquired a virtual asset service provider (VASP) license from the Bank of Spain in order to operate in the country. In its ambitious expansion plans that the cryptocurrency exchange is persisting despite the global jump and market slump in the cryptoverse, there is another country that Binance is looking toward — the Philippines. In…
According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank digital currency, or CBDC, to local residents to stimulate consumer spending as…
