Source: Adobe/chalermphon The latest instalment of China’s bitcoin (BTC) fear, uncertainty, doubt (FUD) drama triggered panic among some investors while Chinese individuals are still buying crypto as usual. Meanwhile, crypto exchange XMEX is accused of using recent developments to shut down its operations. The Chinese government issued similar bans on crypto-related payment and financial services […]
Source: iStock/TwilightShow South Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations. Bank-conducted risk assessment is now mandatory for crypto […]
Source: AdobeStock / Myst Bitcoin (BTC) miners did send more BTC to exchanges at the end of last week, but so did others, according to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggests that miners did not drive further price declines. Meanwhile, most of the BTC and ethereum (ETH) sellers […]
Source: AdobeStock / Kateryna Kovarzh Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDC news Federal Reserve Chair Jerome Powell announced that the US central bank will issue a research paper on a USD central bank digital currency (CBDC), along with […]
Source: Adobe/gui yong nian As China is sending more negative news to the crypto market, altcoins are once again suffering the most. Bitcoin (BTC) dropped from USD 41,760 to below USD 37,000 in half an hour and continued correcting lower. At 19:53 UTC, it trades at USD 36,082 and is down by 10% in a […]