The price of wholesale goods and services fell more than expected in December, further evidence that a decades-high bout of inflation continues to subside amid a recent rebound in cryptocurrency prices. The Producer Price Index (PPI) for final demand fell 0.5% in December, the U.S. Bureau of Labor Statistics said Wednesday, beating analyst expectations of a 0.1% decrease. It was…
Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations. Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which requires Polish users to sign new terms and conditions with Binance Poland, in order to continue using the company’s services. …
Crypto markets teetered on the edge of panic Wednesday, prepared for the worst after the Department of Justice (DOJ) announced a mysterious, upcoming press conference concerning a “major international cryptocurrency action.” Bitcoin fell some 4.6% within minutes, ETH shed 5% in the same period. Crypto Twitter whipped itself into an anxious frenzy, speculating as to whether another FTX-style implosion of…
Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan & Cromwell is “extremely misleading” and that FTX US is solvent and “always has been.” SBF…
Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders. Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect United States and global regulators to eventually lay down a strong hammer on centalized exchanges and other businesses connected with…
Nonfungible token (NFT) marketplace Rarible has announced the launch of a marketplace builder that lets artists and projects customize a marketplace for their NFT collections based on Polygon. In an announcement sent to Cointelegraph, Rarible highlighted that the new tool will allow various customization options, such as royalty fee adjustments and will not require any coding. The marketplace builder aims…
press release PRESS RELEASE. 2022 is an extraordinary year for the crypto industry, and it is also a year of struggle for both institutions and users. For CoinEx, 2022 was also a special year – quite a few crypto platforms collapsed overnight, and the panic continued as the market went through disruptive changes in Q3 and Q4 of the year.…
The United States Department of Justice is expected to announce a “major international cryptocurrency enforcement action.” According to a Jan. 18 announcement, U.S. Deputy Attorney General Lisa Monaco will lead a press conference in which the Justice Department will announce a major enforcement action — now believed to be against the crypto firm Bitzlato. The U.S. Treasury Department is also…
After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws. On Dec. 22, Bankman-Fried was granted bail on…
Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month high of its own. Shiba Inu (SHIB)…
