South Korea is tightening its grip on the crypto market. A new law, set to take effect on July 19th, will require crypto exchanges to evaluate the reliability of their listed assets. Mass Delisting Risk Over 600 crypto assets are currently traded in South Korea. The new law will force exchanges to conduct six-monthly reviews…
Bitcoin has fallen below a crucial support range of $67,000-$68,000 after failing to break above $70,000. Bitcoin’s Critical Support Analyst Josh warns that Bitcoin must reclaim $68,000 soon or risk entering a bearish trend. He believes a breakout above this level could lead to a rally towards $72,000-$74,000. Resistance and Pullbacks However, Bitcoin’s failure to…
Fake Websites and False Claims Scammers are creating fake crypto websites that feature made-up team members and claim partnerships with big companies like Binance and Polygon. Investigations have shown that these partnerships are completely fake. AI-Powered Scams Scammers are using AI to create realistic-looking websites and white papers, making it harder to spot the difference…
Bitcoin Exodus Data from Santiment reveals that Bitcoin has experienced a significant drop in holders, marking the largest 3-day decline since March. This indicates that investors are selling their Bitcoin, likely due to concerns about further price drops. Ethereum’s Continued Growth In contrast, Ethereum’s “Total Amount of Holders” metric has remained on an uptrend, with…
Meme Coins Expected to Lead Altcoin Season A crypto analyst has predicted that meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI, will play a significant role in the upcoming bull run. These coins, dubbed “Dino Coins,” are expected to soar in value during the altcoin season. Characteristics of “Dino Coins” Fully diluted…
Embezzlement and Money Laundering A Chinese bank, the Bank of Huludao, uncovered a massive embezzlement and money laundering scheme involving two of its former executives. They embezzled a whopping 1.8 billion yuan ($248 million) and used cryptocurrency to launder the funds. Cryptocurrency and Cross-Border Laundering The executives converted the embezzled funds into foreign currency and…
Samara Cohen, BlackRock’s CIO of ETF and index investments, recently stated that registered investment advisors (RIAs) have been hesitant to adopt Bitcoin exchange-traded funds (ETFs). Self-Directed Investors Drive ETF Adoption Cohen estimates that self-directed investors account for approximately 80% of Bitcoin ETF investments. Hedge funds and brokerages have also accumulated shares, but RIAs remain on…
A crypto analyst believes that two decentralized finance (DeFi) altcoins are poised for a major rally. Curve and Convex Finance The analyst, known as Credible, is bullish on Curve (CRV) and Convex Finance (CVX). Curve is a stablecoin exchange, while Convex optimizes yields for Curve tokens. Catalyst for Rally Credible believes that the liquidation of…
Coinbase CEO Brian Armstrong has ambitious plans for the crypto exchange platform. He envisions Coinbase becoming the primary financial account for its customers, replacing traditional bank accounts. Mobile Money Revolution Armstrong believes that the future of banking lies in digital money and mobile access. “Your phone is your bank account in the future,” he said….
Former Coinbase executive Balaji Srinivasan believes that cryptocurrency will play a crucial role as the currency of the artificial intelligence (AI) age. Digital Scarcity and Abundance Srinivasan argues that crypto represents “digital scarcity” while AI represents “digital abundance.” AI will not make everything abundant, however. In fact, Srinivasan believes that cryptocurrency will become even more…
