Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said. Source: https://cointelegraph.com/news/us-senators-introduce-bill-secret-service-against-crypto-crime?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies […] Source: https://news.bitcoin.com/paraguays-power-chief-no-cryptocurrency-mining-company-has-left-yet/
Pro-crypto RFK Jr. once dumped a dead bear in New York’s Central Park
Robert F. Kennedy Jr. left the dead bear with an old bicycle, at a time when there was a rise of cyclist-related accidents across New York. Source: https://cointelegraph.com/news/pro-crypto-rfk-jr-once-dumped-dead-bear-new-york-central-park?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Market Rout Resumes as Equities Trading Briefly Halted in Japan
The crypto market sank to its lowest levels in more than five months as Japan’s stock market balked at recessionary fears following a rate hike by its central bank last week. Bitcoin and Ethereum, the two largest cryptos by market capitalization, have fallen considerably over the last 24 hours, down 9% and 18%, respectively. Trading volumes surged by just over…
6 Indicators of Economic Trouble: Is a US Recession on the Horizon?
At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators […] Source: https://news.bitcoin.com/6-indicators-of-economic-trouble-is-a-us-recession-on-the-horizon/
Jump Crypto unstakes $315M of ETH, now headed to exchanges
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows. Source: https://cointelegraph.com/news/jump-crypto-moves-at-least-315-million-of-staked-ether?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin crashes below $53K wiping out $600M in leveraged longs
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply. Source: https://cointelegraph.com/news/bitcoin-crashes-below-53k-wiping-out-600-million-leveraged-longs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64 […] Source: https://news.bitcoin.com/south-african-crypto-asset-marketplace-initiates-1-64-million-capital-raise/
Bitcoin Dips Below $55,000 as Macro Uncertainty, Geopolitical Tensions Rise
A combination of factors is fueling the crypto market’s nose dive to three-week lows as Bitcoin dropped below $60,000 on Sunday for the first time since July 13, analysts say. The asset has shed 10% of its value during weekend trading to just below $55,000, CoinGecko data shows. Total liquidations over the last 24 hours have also spiked to $620…
$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market. Source: https://cointelegraph.com/news/crypto-crash-300-billion-largest-three-day-plunge-crypto-one-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound