• The Financial Supervisory Commission of Taiwan (FSC) will become the primary regulator of cryptocurrencies in the country. • Taiwanese lawmakers expect to finalize a crypto regulatory framework by the end of March or April at the earliest. • The FSC will initially pay special attention to self-regulation principles in the cryptocurrency industry in Taiwan. […]
• Circle plans to use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation. • USDC liquidity operations will resume as normal when banks open on Monday morning in the United States, enabling USDC redemption at 1:1 with the […]
• Bitcoin’s RSI is back at square one after a 5% overnight price drop • BTC/USD traded flat around $22,400 at the March 3 Wall Street open • Analysts remain divided over the odds of a recovery Bitcoin Price Settles at $22.4K Bitcoin’s RSI is back at square one as the mood among traders becomes […]
• The article talks about the effects of the conflict between Ukraine and Russia on Everstake, a Ukrainian blockchain firm. • Despite facing difficulty due to the war, Everstake was able to launch an Aid for Ukraine crypto donation platform with help from partners, raising over $60 million in donations. • CEO Sergey Vasylchuk states […]
• Bitcoin metric prints ‘mother of all BTC bullish signals’ for 4th time ever • The dollar cost average (DCA) indicator is firmly in “raging” bull market territory • Analysts are debating whether the signals are too good to be true Bitcoin Metric Prints Bullish Signal An important Bitcoin metric, the dollar cost average (DCA) […]
• South Korea announced its first independent sanctions related to cryptocurrency thefts and cyberattacks against North Korean groups and individuals. • The blacklisted individuals include the infamous Park Jin-hyok, who is well-known for participating in the WannaCry ransomware assault in 2017 and the cyberattack on Sony Pictures Entertainment in November 2014. • According to a […]
• Kraken, a cryptocurrency exchange, closes its office in Abu Dhabi and suspends support for the dirham, or AED. • Kraken had been licensed to operate in the region since April 2022. • The closure of the office comes after Kraken announced plans to cut its workforce by 30%. Kraken Closes Abu Dhabi Office Kraken, […]
• Coinbase, a US-based cryptocurrency exchange, was fined 3.3 million euros ($3.6 million) by the Dutch central bank for not registering as required. • The Dutch central bank took into consideration the size of Coinbase and the fact that it has a „significant number of customers in the Netherlands“ when issuing the fine. • In […]
• The United States Department of Justice announced a „major international cryptocurrency enforcement action“ against crypto firm Bitzlato and the arrest of its founder, Anatoly Legkodymov. • The enforcement actions were taken in coordination with France, seizing Bitzlato’s website and labeling the business as a „primary money laundering concern“ connected to Russian illicit finance. • […]
• Deal Box, a US-based capital markets advisory and token offering platform, has launched a new $125 million venture capital arm dedicated to blockchain and Web3 startups. • As part of initial Web3 investments, Deal Box has purchased stakes in Total Network Services, Rypplzz and Forward-Edge AI. • The fund, dubbed Deal Box Ventures, will […]