Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts. Source: https://cointelegraph.com/news/bitcoin-price-indicators-improving-could-see-short-squeeze-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
RBI Report Highlights India’s Central Bank Digital Currency Development
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […] Source: https://news.bitcoin.com/rbi-report-highlights-indias-central-bank-digital-currency-development/
Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days
Around 80% of the past fortnight’s spot Bitcoin ETF trading days have had positive flows, despite Bitcoin seeing sideways price action. Source: https://cointelegraph.com/news/spot-bitcoin-etfs-maintain-positive-flows-for-8-out-of-the-last-10-days?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Hit With Fresh Class Action Lawsuit Over Money Laundering Allegations
A new class action lawsuit has been filed against Binance in the U.S. Western District Court of Washington, accusing the company and its founder, Changpeng Zhao, of enabling widespread money laundering and violating U.S. financial regulations. The lawsuit, brought by former exchange users Philip Martin, Natalie Tang, and Yatin Khanna and filed Friday, alleges that Binance’s negligent compliance practices allowed…
Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch
After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins. Source: https://cointelegraph.com/news/memecoin-deployer-sunpump-1m-revenue-11-days-after-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana memecoin protocol teases new ‘short squeeze’ platform
A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade. Source: https://cointelegraph.com/news/solana-memecoin-protocol-short-squeeze-tool?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong Lawmaker Calls for DAO Regulation to Boost Web3 Investments
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny […] Source: https://news.bitcoin.com/hong-kong-lawmaker-calls-for-dao-regulation-to-boost-web3-investments/
Woman Sentenced to Prison for Bitcoin-Funded Dark Web Murder Plot
A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new girlfriend, arranging to pay $5,000 in bitcoin to a website offering hitman services between March and […] Source: https://news.bitcoin.com/woman-sentenced-to-prison-for-bitcoin-funded-dark-web-murder-plot/
Mt. Gox shifts out $700M in Bitcoin, first major move in 3 weeks
It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution. Source: https://cointelegraph.com/news/mt-gox-shifts-700m-bitcoin-first-big-move-3-weeks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
State Street Partners With Taurus to Boost Digital Asset Services
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […] Source: https://news.bitcoin.com/state-street-partners-with-taurus-to-boost-digital-asset-services/