How to make hodling worthwhile, explained

Working with a licensed crypto company offers clients legal rights and helps ensure that they don’t run into regulatory trouble. Financial regulators and international banking bodies around the world are cracking down harder and harder on crypto companies that do not follow regulations, and it’s not just securities law violations they’re looking for anymore. Most notably, any firm dealing with crypto could face serious consequences if it doesn’t have Know Your Customer and anti-money laundering standards in place.  One of the best ways to ensure that your cryptocurrency is in…

Unlocking Cryptocurrencies: Growth, Opportunities and Limitations

HomeNewsCrypto NewsUnlocking Cryptocurrencies: Growth, Opportunities and Limitations As one of the most hyped technologies this past decade, cryptocurrencies have been recognized as the gateway to unlocking revolutionary change in business operations. By the year 2030, Gartner estimates blockchain will have generated $3.1 trillion. Reflecting on some recent events in the crypto industry, Ethereum has reached $2.6K, which is an all-time high for the currency. However, Bitcoin’s soaring numbers experienced a fall and its market cap dominance is just under 50%, the lowest value it has reached in almost three years. …

South Korea to Curb Illegal Cross-Border Crypto Trading

Key Takeaways According to a report from Korea Economic Daily, there has been a sudden rise in bank transactions from Korea to China. Regulators suspect the transactions may be related to crypto traders looking for cross-border arbitrage opportunities. South Korea’s leading financial regulator is reportedly formulating new guidelines to strengthen the monitoring of cross-border transactions connected with cryptocurrency. Share this article South Korea may soon curb overseas cryptocurrency transactions that take advantage of arbitrage trading opportunities. The Kimchi Premium According to a report from Korea Economic Daily, there has been…

Hollywood elite will receive NFTs in recognition of upcoming awards ceremony

A project will be distributing nonfungible tokens, or NFTs, in the gift bags of 25 actors, actresses, and directors nominated for their roles in feature films.  According to Nomine(eth), a project formed in partnership with online marketplace Rarible, Metaversal, and AdVenture Media, 25 people from the 115 nominated in this year’s Academy Awards ceremony will receive three nonfungible tokens, or NFTs, in unofficial gift bags. The project will gift the NFTs to Hollywood insiders nominated in the best actor, best actress, best supporting actor, best supporting actress, and best director…

Here’s why bulls aren’t this buying the Bitcoin price dip to $50,000

Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021.  However, cryptocurrency investors are typically short-term-focused and always overly optimistic. Thus, the current narrative for Bitcoin is slowly turning bearish but aside from sentiment, what story are the fundamentals telling? However, there is a possibility that the recent drop has its roots in the $1.55 billion options expiry set to occur on April 23. As…

Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC

Square’s Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders. The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around $51,800, 0.001 BTC is equivalent to $51.80. The leading cryptocurrency was in the midst of another large correction on Thursday, having fallen 6%. Bitcoin is down over 19% over the past seven days, according to CoinMarketCap data. “You must have a balance of at least 0.001 bitcoin…

SEC Says Ripple Harassed It Over Court Documents

Key Takeaways In December 2020, the SEC sued Ripple, alleging that the firm’s XRP sales constituted an unregistered securities offering. Recently, Ripple was granted access to certain SEC documents. However, the SEC alleges that Ripple has asked for more information than it is legally permitted to obtain. Share this article The SEC has accused Ripple of harassment, alleging that it has requested more documents than legally necessary. This marks the latest development in a case over XRP’s regulatory status. SEC Contests Ripple’s Additional Requests Previously, courts granted Ripple access to…

How the crypto industry is moving closer to going green

It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption. Last week, the New York Times published a piece in their “Climate and Environment” that sought to remind readers of the “astonishing environmental costs” of cryptocurrency mining. It’s a prime example of what’s quickly becoming an editorial subgenre, including references to dubious research claiming that Bitcoin mining alone will push global warming above Paris Agreement levels, and perhaps most bafflingly a misspelling of “Ethereum.” For those who…

Binance Stock Trading Draws Attention of Regulators

Key Takeaways Regulators are examining Binance’s stock trading features.  The FCA and others are concerned about whether Binance’s tokenized stocks represent securities.  Binance maintains that Coinbase and Tesla stock tokens are traded with regulated entities, so there is nothing to worry about.   Share this article The U.K. Financial Conduct Authority (FCA) and other European regulators are concerned about whether Binance’s new stock trading feature complies with security laws.  Binance Under Scrutiny for Listing Stock Tokens Leading crypto exchange Binance launched stock trading on Apr. 12. While cryptocurrency enthusiasts celebrated the…

Altcoins rally as analyst warns Bitcoin is in the ‘$50K – $60K twilight zone’

Bitcoin (BTC) price is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies have yet to be shaken off.  Data from Cointelegraph Markets and TradingView shows that since being pummeled below the $51,000 level on April 18, the price of BTC has been trading in a range between $52,500 and $57,500 and establishing a descending pattern of lower highs and lower lows. BTC/USDT 4-hour chart. Source: TradingView While…