Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police. In a Wednesday announcement,…

Litecoin (LTC) Price Could Drop 50% if It Loses This Crucial Support Area

Litecoin (LTC) Price Could Drop 50% if It Loses This Crucial Support Area

Litecoin (LTC) broke down from an ascending wedge on Aug 19, effectively confirming that the upward movement was corrective and that new lows will follow. There have been various new developments in regard…

Where US regulators should draw the line

Where US regulators should draw the line

Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space.  In 2022, United States regulators paid…

Swiss Crypto Unicorn 21.Co Sees Valuation Hit B After Funding Round

Swiss Crypto Unicorn 21.Co Sees Valuation Hit $2B After Funding Round

Swiss investment firm 21.co has raised £25 million in its latest funding round, valuing the company at $2 billion. 21.co is the parent company of 21Shares, arguably best known for its failed attempts…

Is Ethereum Classic (ETC) Set to Break out From Long-Term Resistance?

Is Ethereum Classic (ETC) Set to Break out From Long-Term Resistance?

Ethereum Classic (ETC) is trading inside bullish long- and short-term patterns. Still, technical indicators do not paint a bullish picture.  ETC has been falling since reaching an all-time high price of $179 in…

CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB

CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB

The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the…

Every Investor Must Have Bitcoin, Says Morgan Creek CEO

Every Investor Must Have Bitcoin, Says Morgan Creek CEO

Mark Yusho, the CEO of Morgan Creek, has said that Bitcoin is one asset class that every single investor must have exposure to. The comments came in a recent appearance on CNBC along…

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime…

Hodlnaut Files for Judicial Management a Week After Halting Withdrawals

Hodlnaut Files for Judicial Management a Week After Halting Withdrawals

Troubled crypto lender Hodlnaut is seeking protection from creditors a week after it halted withdrawals amid a liquidity crisis. In its first update, the crypto platform stated that it has filed an application with…

Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court

Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court

United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or…

Dogecoin, Shiba Inu Jump as Ethereum Optimism Grows

Dogecoin, Shiba Inu Jump as Ethereum Optimism Grows

They may be a joke to some, but to many, meme coins like Dogecoin and Shiba Inu are no laughing matter, especially with the rise in the price of Ethereum. The price of…

Martin Shkreli’s Druglike DAO Crypto Token Crashes Following an Alleged Hack

Martin Shkreli’s Druglike DAO Crypto Token Crashes Following an Alleged Hack

Former pharmaceutical executive Martin Shkreli’s recently-launched crypto token tanked 90% on Friday, Aug. 13, 2022, data from crypto exchange Binance shows. The drop in price to fractions of a penny appeared to correlate…

Uniswap Volume Hit 2022 Low Sinking More Than  Billion  

Uniswap Volume Hit 2022 Low Sinking More Than $24 Billion  

Uniswap saw a further decline in trading volume during the seventh month of the year due to decreased investor interest in digital assets. Uniswap reached a new low in July as the month…

Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to…

MakerDAO Founder Plans to Sell .5Bn USDC Backing For Ethereum, Risks DAI Depeg

MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg

MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed…

South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report

South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report

The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets. According to a Thursday…

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